服从党的路线?公司和首席执行官的党派性对企业大众传媒规范合法性的影响

IF 9.3 1区 管理学 Q1 BUSINESS
Michael Hadani
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引用次数: 0

摘要

企业政治活动(CPA)研究历来侧重于工具价值和战略价值,明显忽视了外部利益相关者,特别是公众,如何看待企业政治活动的合法性影响,尤其是党派形式的企业政治活动。然而,最近的研究开始将规范性因素引入 CPA,强调公众评价对 CPA,特别是党派 CPA 的影响。本研究以大众媒体报道言论的基调所代表的规范性情感合法性为重点,探讨了公司和首席执行官的党派政治捐款对企业情感合法性的影响。通过对 S&P 500 强企业 20 年来三种类型的动态面板数据分析,本研究提供了一致的证据,表明公司层面和首席执行官层面的党派政治行动委员会捐款与基于情感的企业合法性负相关。事后分析表明,作为对情感合法性评价的回应,公司会减少公司层面的党派政治捐款和游说支出,但不会减少其他形式的注册会计师或党派注册会计师。研究还发现,州一级的公共政治极化调节了首席执行官党派贡献与公司情感-合法性评价之间的关联。这项研究首次系统地记录了注册会计师和党派注册会计师的负面规范影响。它为注册会计师理论提供了有力信息,并对高管使用党派注册会计师具有实际意义。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
To Toe the Party Line? The Impact of Firm and CEO Partisanship on Corporate Mass-Media Normative Legitimacy
Corporate political activity (CPA) research has traditionally focused on instrumental and strategic value, explicitly ignoring how external stakeholders, specifically the public, view the legitimacy implications of CPA, in particular with regard to partisan forms of CPA. Yet, recent research has begun introducing normative considerations into CPA, highlighting the impact of public evaluations on CPA, and partisan CPA, in particular. Focusing on normative affective legitimacy, as proxied by the tone of mass-media reporting rhetoric, this study explores the effect of firm and CEO partisan political contributions on corporate affective legitimacy. Utilizing three types of dynamic panel data analyses on S&P 500 firms over 20 years, the study provides consistent evidence that both firm-level and CEO-level partisan political action committee contributions are negatively associated with affective-based corporate legitimacy. Post hoc analyses reveal that in response to affective-legitimacy evaluations, firms reduce firm-level partisan political contributions and lobbying expenditures, but not other forms of CPA or partisan CPA. The study also finds that state-level public political polarization moderates the association between CEO partisan contributions and firms’ affective-legitimacy evaluations. This study is the first to systematically document the negative normative impact of CPA and partisan CPA. It strongly informs CPA theory and has practical implications for executives’ use of partisan CPA.
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来源期刊
CiteScore
22.40
自引率
5.20%
发文量
0
期刊介绍: The Journal of Management (JOM) aims to publish rigorous empirical and theoretical research articles that significantly contribute to the field of management. It is particularly interested in papers that have a strong impact on the overall management discipline. JOM also encourages the submission of novel ideas and fresh perspectives on existing research. The journal covers a wide range of areas, including business strategy and policy, organizational behavior, human resource management, organizational theory, entrepreneurship, and research methods. It provides a platform for scholars to present their work on these topics and fosters intellectual discussion and exchange in these areas.
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