ARE COLLECTIVE POLITICAL ACTIONS AND PRIVATE POLITICAL ACTIONS SUBSTITUTES OR COMPLEMENTS? EMPIRICAL EVIDENCE FROM CHINA'S PRIVATE SECTOR

• 成果类型: Article
• 署名作者: Jia, Nan
• 署名单位: University of Southern California
• 刊物名称: STRATEGIC MANAGEMENT JOURNAL
• ISSN/ISSBN: 0143-2095
• DOI: 10.1002/smj.2092
• 发表日期: 2014
• 页码: 292-315
• 关键词: corporate political action; collective political action; complements; substitutes; CHINA

摘要

This paper examines the circumstances under which collective and private corporate political actions are more likely to be substitutes or complements. Using data based on a series of nationwide surveys conducted on privately owned firms in China, I find that firms that are engaged in collective political actions are more likely to pursue private political actions. This positive relationship is stronger in less economically developed provinces and when there are greater opportunities for the state to redistribute economic resources in product and capital markets. Meanwhile, this relationship is weaker in the presence of heavier regulatory burdens and for firms in which the state has some equity or owned by individuals who had prior political careers. These findings contribute to the corporate political action literature. Copyright (c) 2013 John Wiley & Sons, Ltd.