Journal ArticleDOI
State Ownership and Political Connections
Laszlo Tihanyi,Ruth V. Aguilera,Ruth V. Aguilera,Pursey P. M. A. R. Heugens,Marc van Essen,Steve Sauerwald,Patricio Duran,Roxana Turturea +7 more
TLDR
The influence of the state on firms in the global economy is alive and well as mentioned in this paper and states have become dominant owners of companies in many countries around the world, and firms have also increasingly become increasingly establi...About:
This article is published in Journal of Management.The article was published on 2019-01-22. It has received 109 citations till now. The article focuses on the topics: State ownership & State capitalism.read more
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What is Corporate Governance
TL;DR: In this paper, the board is conceptualised as being the navigator of the company, which is similar to the notion of the steering board in the board of a board game.
Posted Content
Managerial Political Ties and firm Performance During Institutional Transitions: An Analysis of Mediating Mechanisms
Hai Guo,Erming Xu,Mark Jacobs +2 more
TL;DR: The authors examined the role of mediating mechanisms impacting the relationship between managers' political ties and firm performance, with a focus on institutional transitions in China, and found that organizational regulatory legitimacy building, institutional support, and institutional entrepreneurial opportunity recognition are mediating factors by which managerial political ties can result in improved firm performance.
Journal ArticleDOI
International corporate governance: A review and opportunities for future research
TL;DR: This paper reviewed four decades of research about the corporate governance of multinational corporations and identified and discussed three main streams of research that draw on different conceptualizations and theoretical lenses of (corporate) governance.
Journal ArticleDOI
Navigating cross-border institutional complexity: A review and assessment of multinational nonmarket strategy research.
TL;DR: In this paper, the authors identify the most impactful contributions within three major themes - multinational CPA, multinational SCSR, and the integration of CPA and SCSR - and their respective sub-themes, and highlight promising avenues for future research, including expanding the scope of NMS to incorporate microfoundations research, integrating macro-level scholarship on global institutions, and incorporating multi-actor global issues and movements.
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The Role of Government Affiliation in Explaining Firm Innovativeness and Profitability in Emerging Countries: Evidence from China.
TL;DR: Li et al. as discussed by the authors showed that the usefulness of government affiliation for innovativeness depends on how effectively legal institutions protect intellectual property in each region and how location-specific institutional substitution occurs.
References
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Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers
TL;DR: In this paper, the benefits of debt in reducing agency costs of free cash flows, how debt can substitute for dividends, why diversification programs are more likely to generate losses than takeovers or expansion in the same line of business or liquidationmotivated takeovers, and why the factors generating takeover activity in such diverse activities as broadcasting and tobacco are similar to those in oil.
Journal ArticleDOI
Organizational Strategy, Structure, and Process.
TL;DR: The proposed theoretical framework deals with alternative ways in which organizations define their product-market domains (strategy) and construct mechanisms (structures and processes) to pursue these strategies.
Posted Content
The Political Economy of the Rent-Seeking Society
TL;DR: In this article, the authors studied the impact of competitive import licenses on the economy and the relationship between welfare cost of quantitative restrictions and tariff equivalents, and showed that the effect of wage legislation on equilibrium levels of unemployment.
Journal ArticleDOI
Politically Connected Firms
TL;DR: In this article, an examination of firms in 47 countries showed a widespread overlap of controlling shareholders and top officers who are connected with national parliaments or governments, particularly in countries with higher levels of corruption, with barriers to foreign investment, and with more transparent systems.
Journal ArticleDOI
Estimating the Value of Political Connections
TL;DR: In this article, the authors used the Jakarta Stock Exchange's reaction to news about former President Suharto's health to assess the value of political connections and found that as much as a quarter of a firm's share price may be accounted for by political connections.
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