Performance implications of a corporate political strategy in Chinese firms: State versus market logics in different institutional settings

IF 7.4 2区管理学 Q1 BUSINESS

Long Range Planning Pub Date : 2024-03-21 DOI:10.1016/j.lrp.2024.102439

Jieyu Zhou , Weiping Liu , Jiatao Li

引用次数: 0

Abstract

This study investigated the performance implications of private firms appointing their CEOs to serve as the firms' Communist Party Secretaries in China. Integrating insights from the corporate political strategy literature and institutional theory, this study used a panel dataset of Chinese privately controlled and listed firms covering 2008 through 2019 to investigate CEO/Communist Party Secretary duality as a special political strategy. The effect on firm performance was shown to vary depending on the institutional environment in which a firm operated. CEO/Communist Party Secretary duality enhanced firm performance for firms in less developed regions, where state logic was more influential. But it hampered firm performance in better developed regions, where market logic was more influential. Furthermore, indicators of firms’ inclination to state logic versus market logic were found to influence the effectiveness of CEO/Communist Party Secretary duality on firm performance.

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企业政治战略对中国企业绩效的影响：不同制度环境下的国家逻辑与市场逻辑

本研究探讨了中国民营企业任命首席执行官兼任公司党委书记的绩效影响。本研究综合了企业政治战略文献和制度理论的观点，使用了2008年至2019年中国民营控股上市公司的面板数据集，研究了CEO/党委书记双重身份作为一种特殊政治战略对企业绩效的影响。研究表明，CEO/党委书记双重身份对企业绩效的影响因企业所处的制度环境而异。对于欠发达地区的企业来说，首席执行官/党委书记双重身份提高了企业绩效，因为在这些地区，国家逻辑的影响力更大。但在市场逻辑影响较大的较发达地区，这种双重性则阻碍了企业的绩效。此外，企业倾向于国家逻辑还是市场逻辑的指标也影响着首席执行官/党委书记双重身份对企业绩效的影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Long Range Planning Multiple-

CiteScore

13.00

自引率

7.10%

发文量

期刊介绍： Long Range Planning (LRP) is an internationally renowned journal specializing in the field of strategic management. Since its establishment in 1968, the journal has consistently published original research, garnering a strong reputation among academics. LRP actively encourages the submission of articles that involve empirical research and theoretical perspectives, including studies that provide critical assessments and analysis of the current state of knowledge in crucial strategic areas. The primary user base of LRP primarily comprises individuals from academic backgrounds, with the journal playing a dual role within this community. Firstly, it serves as a platform for the dissemination of research findings among academic researchers. Secondly, it serves as a channel for the transmission of ideas that can be effectively utilized in educational settings. The articles published in LRP cater to a diverse audience, including practicing managers and students in professional programs. While some articles may focus on practical applications, others may primarily target academic researchers. LRP adopts an inclusive approach to empirical research, accepting studies that draw on various methodologies such as primary survey data, archival data, case studies, and recognized approaches to data collection.