Corporate Political Strategies and Firm Performance : Indication of Firm - Specific Benefits From Personal Service in The U. S. Government  

Oleh:

Hillman, Amy J. ; Zardkoohi, Asghar ; Bierman, Leonard

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Strategic Management Journal vol. 20 no. 1 (1999), page 67-82.
Topik: CORPORATE; political strategies; financial performance; event studies; government linkages

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: SS30.3 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

Firms employ a variety of political strategies (e. g. lobbying, contributions) in an attempt to gain influence or access to the public policy process. A variety of benefits may accrue to firms that are successful in creating a linkage with the government : information, access, influence, reduced uncertainty and transaction costs, etc. However the direct benefits of such strategies are difficult to observe. One political strategy is studied here - personal sevice (having a firm representative serve in a political capacity. Event study methodology results show that such linkages with the government positively affect firm value. These findings indicate that firm - specific benefits may result from political strategies.

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