Non-market strategies and firms’ organizational performance. Evidence from the energy sector in Sub-Saharan Africa

IF 10.5 1区管理学 Q1 BUSINESS

Journal of Business Research Pub Date : 2025-01-31 DOI:10.1016/j.jbusres.2025.115211

Francesca Albino , Jonathan Doh , Paola Garrone , Lucia Piscitello

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引用次数: 0

Abstract

Firms increasingly employ non-market strategies (NMS), including corporate political activity (CPA) and strategic corporate social responsibility (CSR). Yet, the literature has not come to univocal hypotheses on how and under what conditions NMS, alone or jointly, enhances organizational performance.

By adopting an econometric simulation, corroborated by a fsQCA analysis, we unveil various configurations that combine CSR and CPA strategies, with different dimensions of firms’ performance (namely, economic results and access to resources) and the country’s institutional climate. Our analysis relies on a sample of companies that invested in electricity infrastructure projects in sub-Saharan Africa from 2000 to 2014.

Our findings confirm the complex causal nexus between NMS and the firm’s performance. Neither CPA nor CSR alone is sufficient to achieve high organizational performance, but their co-presence is associated with the enhancement of both types of performance, especially in politically unstable environments. Asymmetrically, organizational performances are hindered by the lack of one or the other NMS, independently of the political climate.

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来源期刊

Journal of Business Research BUSINESS-

CiteScore

20.30

自引率

10.60%

发文量

956

期刊介绍： The Journal of Business Research aims to publish research that is rigorous, relevant, and potentially impactful. It examines a wide variety of business decision contexts, processes, and activities, developing insights that are meaningful for theory, practice, and/or society at large. The research is intended to generate meaningful debates in academia and practice, that are thought provoking and have the potential to make a difference to conceptual thinking and/or practice. The Journal is published for a broad range of stakeholders, including scholars, researchers, executives, and policy makers. It aids the application of its research to practical situations and theoretical findings to the reality of the business world as well as to society. The Journal is abstracted and indexed in several databases, including Social Sciences Citation Index, ANBAR, Current Contents, Management Contents, Management Literature in Brief, PsycINFO, Information Service, RePEc, Academic Journal Guide, ABI/Inform, INSPEC, etc.