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My research seeks to uncover how imagined futures and technological promises--in this case, the promise of quantum computers--became so tangible in the present. How could such a significant industry be built and maintained around mere potential existence? My project locates the answer to this question in the broader politico-economic category of ‘tech’—by which users typically mean information technology—through the history of quantum computing and information (QC). A category articulated by actors in this history, ‘tech’ emerges in its current form in the mid-1980s and relies on the conflation of economic and national security in the flesh of high-tech products like semiconductors. Since the field has yet to deliver on any of its promises, it cannot activate an after-the-fact teleology of “discovery”. For this reason, combined with its high visibility and institutional maturity, QC provides a particularly rich view into how actors construct institutions, histories, narratives and ideologies in real time, as well as how these narratives shift according to the needs of an audience, field, or other factors. Not only products of changing institutions, these narratives also reciprocally produce institutions—they mediate between material reality and ideology. For example, I look at the role of Moore’s Law in the reconstruction of the semiconductor industry and in the production of institutions for QC. My project uses new archival research and extensive oral interviews with more than 90 researchers and other important figures from academia, government and industry in the US, Japan, Europe, China, Singapore, and Israel to analyze the development of QC and the infrastructure that made it possible over the past 50 years. This project would constitute the first history of QC and would contribute a unique and incisive perspective on the rise of ‘tech’ in statecraft and power.

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In my first essay, I find a statistically and economically significant director-specific component in CEO pay following the enactment of the Sarbanes-Oxley Act of 2002 (SOX). In the cross-section of firms, directors that award relatively higher (lower) CEO pay in one firm also award relatively higher (lower) CEO pay in other firms of whose boards they are members during the year. Based on my estimates, the director-specific component is responsible for around ±3.5% of total CEO pay or around ±$230,000 per CEO-year on average. In addition to affecting CEO pay levels, the director-specific component also has a significant effect on the changes and the composition of CEO pay, thus affecting CEO incentives. I pursue two potential explanations for our findings—changes in board composition and changes in director behavior after SOX. I do not find evidence that the director-specific component in CEO pay is due to changes in board composition. Instead, I find evidence that the director-specific component in CEO pay is due to changes in director behavior related to the additional risks and employment concerns imposed on directors after SOX. My findings are consistent with the view that SOX discourages directors from taking risks when awarding CEO pay and so directors award CEO pay that they can more easily justify through direct experiences in other firms. These findings have wide implications about the importance of directors in setting CEO pay, the existence of agency problems within the board, and the consequences of regulation in general and SOX in particular. My second essay concerns the compensation of directors themselves. I find that institutional ownership is positively related to the level of director compensation and the proportion of equity based compensation that directors receive. These results are consistent with the interpretation that institutions prefer stronger links between firm performance and board compensation and are willing to pay higher levels of compensation for better governance. I also investigate the difference between the effects of active versus passive institutional investment and find that active institutions appear to have a larger economic impact on director compensation. However, I do not find a statistical difference between the effects of active and passive ownership. My third essay studies the strategies that firms follow when apportioning incentive compensation within the board of directors. Firms tend to preserve the structure of director incentives over time so that firms using equal (variable) incentives in one year are more likely to use equal (variable) incentives in the following year. I further examine whether the structure of director incentives within the board affects acquirer performance in corporate acquisitions. I find that the five-day announcement returns of firms awarding equal director incentives are around 1% higher than the returns of firms that award variable director incentives within the board. These results are robust to standard controls related to acquirer returns, to different lengths of the announcement window, and to alternative incentive strategy classification schemes. Overall, my findings are consistent with the idea that director incentives play a significant role in corporate performance and with the idea that equal director incentives dominate variable incentives in circumstances where the success of the outcome is likely to depend on the board as a whole.

Promoting economic diversity is important for states reliant on natural resources as the major source of economic development. Many of these states suffer from the Dutch disease leading to negative effects, which hinders economic diversification. One of the ways to reduce dependency on national resources is to encourage Foreign Direct Investment (FDI) inflows, which aids diversification by the transfer of technology, the creation of new employment opportunities, and the adoption of modern management practices. The Gulf Council Cooperation (GCC) countries recognised the necessity and benefits of FDI as an aid to economic diversification; it seems, however, that Kuwait is lagging behind in this endeavour. The government of Kuwait has engaged in a series of policy measures to induce Multinational Companies (MNCs) to invest in Kuwait, but the results, thus far, have been disappointing. The formal and informal institutions interact in a variety of ways. However, ineffective formal rules can create different outcomes; particularly, in the presence of strong informal institutions. In such a case, formal rules and procedures are not enforced systematically, that is, enabling actors who are involved in the policy process to ignore or violate them, which subsequently results in a failure to attract inward FDI to a host country. Thus, this study investigates the reasons behind this failure by examining the role of formal and informal institutions on FDI policy and on decisions on whether to grant FDI licences by means of using a New Institutional Economics (NIE) approach. The conceptual framework is used as a guide for an inquiry into the subject of study by constructing a category of intellectual scaffolding, which would provide a coherent structure (Schlager, 2007). The conceptual framework in this study systematically organises the investigation into how a MNC examines a potential investment location by dividing the host country assessments into four distinct ¿stages¿. When systematically conducted, the respective approach is grounded in the existing literature, which provides theories regarding the behaviour of MNCs in relation to their decision-making processes for considering locations for their FDI projects. The research questions derived from the conceptual framework are answered using a mixed methods research approach that uses three sets of data survey, semi-structured interviews, and secondary data. Firstly, the findings show that almost that all MNCs in the Gulf region have a limited awareness regarding investment opportunities in Kuwait, FDI laws and regulations. Secondly, the findings reveal a number of attractive and unattractive locations, and institutional factors of Kuwait. Finally, it is discovered that the high rejection rate of FDI applications is linked to unsuccessful policy implementation, which is a result of interaction of both formal and informal institutions in Kuwait. Subsequently, the results are utilised to make a number of recommendations for government policy makers, administrators, and for MNCs regarding how to improve FDI inflows into Kuwait. The results are also used to contribute towards the international business literature concerning the institution based view of FDI, and for government policy connected to attracting FDI. / Kuwait Petroleum Corporation (KPC)

This dissertation examines the way that demands for more control over the collection, processing, and sharing of personal data are being managed by both government and industry leaders with strategies that appear to comply with regulations, but that fail to do so. These are “by-design” strategies used by individuals to unilaterally manage their data with automated tools. I take a multimethod approach that combines autoethnography, reverse engineering techniques, and data analysis to assess the implementation of by-design services implemented by Facebook, Twitter, and Instagram in compliance with current European Union regulations for access and portability. I also employ archival research, discourse analysis, interviews, and participant observation. I argue that self-led, by-design approaches do not answer the demands for more control over personal data. The regulatory and technical resources put in place for individuals to control their data are not effective because they turn over decisions about execution to an industry with no interest in sharing that data or being regulated. If policymakers continue to pursue by-design approaches, they will need to learn how to test the techniques, and the execution of the techniques, provided by industry. They will need to assess the impact on data that is made available. So that results can be evaluated, by-design tools like the ones I assessed must be accompanied by clear and detailed details about design choices and procedures. In this vein, I offer directions for critical scrutiny, including standards and measuring the impact of APIs. I conclude that self-managed, by-design approaches are not the source of the problem. But they are a symptom of the need for critical scrutiny over the execution of tools like the ones offered by Facebook, Twitter, and Instagram. Ultimately, I found that portability and access are legally and technically fraught. However, despite the shortcomings of by-design approaches, personal data can be more effectively regulated in Europe than in the United States as the result of current regulations.

This dissertation explores how water technology transformed cultural practices and attitudes towards water through the restructuring of architectural and social space over the course of the twentieth century. For social reformers and architects alike, water’s place in the Japanese dwelling reflected a desire to address broader societal concerns with public health, gender norms, and resource scarcity through the rationalization of domestic and public space. Tracing the flow of water from watershed to kitchen tap, this study considers how the renovation of Tokyo waterworks restructured communal practices surrounding water, how advancements in architectural design and technology influenced the ways families used water in the home, and how the state positioned the dwelling at the forefront of water-management campaigns. Combining methodologies from architectural history with environmental, socioeconomic, and cultural history, the inquiry crosses multiple scales to show how design mediates the continuously changing relationship between human bodies and the natural resources they consume. It draws on technical materials such as house plans, equipment manuals, and professional publications, blending these with popular-culture sources such as newspaper advertisements, television commercials, and public-service announcements, as well as manga and anime. While advancements in the architectural and technological design of water in twentieth-century Japan made access to natural resources more efficient, convenient, and hygienic—an enormous benefit for the (mostly) women tasked with water’s management—the high-tech “Washlet” toilets and prefabricated “unit baths” ubiquitous in Japan today gradually obscured from view water’s origin and waste’s destination, significantly restructuring the relationship between human beings and the natural environment.