{"title":"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","authors":"Jieyu Zhou , Weiping Liu , Jiatao Li","doi":"10.1016/j.lrp.2024.102439","DOIUrl":null,"url":null,"abstract":"<div><p>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.</p></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":null,"pages":null},"PeriodicalIF":7.4000,"publicationDate":"2024-03-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Performance implications of a corporate political strategy in Chinese firms: State versus market logics in different institutional settings\",\"authors\":\"Jieyu Zhou , Weiping Liu , Jiatao Li\",\"doi\":\"10.1016/j.lrp.2024.102439\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><p>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.</p></div>\",\"PeriodicalId\":18141,\"journal\":{\"name\":\"Long Range Planning\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":7.4000,\"publicationDate\":\"2024-03-21\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Long Range Planning\",\"FirstCategoryId\":\"91\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S0024630124000268\",\"RegionNum\":2,\"RegionCategory\":\"管理学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"BUSINESS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Long Range Planning","FirstCategoryId":"91","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0024630124000268","RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS","Score":null,"Total":0}
Performance implications of a corporate political strategy in Chinese firms: State versus market logics in different institutional settings
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.
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.
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