Extending the market theory of corporate political activity

IF 7.4 2区管理学 Q1 BUSINESS

Long Range Planning Pub Date : 2023-04-01 DOI:10.1016/j.lrp.2023.102305

Michael Greiner , Jaegul Lee

引用次数: 0

Abstract

Scholars studying corporate political activity (CPA) have developed a market theory that has been widely accepted. This theory's ability to predict performance, however, has been equivocal. We argue that the predictability of the market theory for CPA could improve by accounting for three kinds of constraints that limit the possible actions of the politicians, the businesses, and other interested parties as they engage in CPA. These three constraints are the politician's ideology, the nature of his or her financial contributions, and the political trends among his or her constituents. All actors are limited by these constraints, but they also could impact them. We test our hypotheses upon a unique dataset and find support for our hypotheses. We argue that using this approach to understand the pressures facing the actors involved in CPA could help scholars find a more predictable link between CPA and firm performance.

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企业政治活动市场理论的拓展

研究公司政治活动(CPA)的学者提出了一种被广泛接受的市场理论。然而，这一理论预测业绩的能力一直是模棱两可的。我们认为，注册会计师市场理论的可预测性可以通过考虑三种限制政治家、企业和其他利益相关方在从事注册会计师时可能采取的行动的约束来提高。这三个制约因素是政治家的意识形态，他或她的财政捐款的性质，以及他或她的选民的政治趋势。所有参与者都受到这些约束的限制，但这些约束也可能影响他们。我们在一个独特的数据集上测试我们的假设，并为我们的假设找到支持。我们认为，使用这种方法来理解注册会计师所面临的压力，可以帮助学者们找到注册会计师与公司绩效之间更可预测的联系。

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.