Beyond Nonmarket Strategy: Market Actions As Corporate Political Activity

Funk, Russell J.; Hirschman, Daniel

doi:10.5465/amr.2013.0178

Cited by 91 publications

(88 citation statements)

References 113 publications

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“…Our framework is consistent with Funk and Hirschman's (2017) argument that firms' strategies address both formal and informal institutions by market and nonmarket exchanges.…”

Section: Contributions To the Special Issuesupporting

confidence: 83%

International business responses to institutional voids

et al. 2017

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For nearly two decades, scholars in international business and management have explored the implications of institutional voids for firm strategy and structure. Although institutional voids offer both opportunities and challenges, they have largely been associated with firms' efforts to avoid or mitigate institutional deficiencies and reduce the transaction costs associated with operating in settings subject to those institutional shortcomings. The goal of this special issue is to advance scholarship on this topic by (a) exploring institutional voids that are new to the literature, (b) providing a deeper assessment of the different ways in which firms respond to these voids, and (c) utilizing diverse disciplines and theoretical approaches to do so. In this introduction, we first review and synthesize extant research on institutional voids, tracking the evolution of institutional void scholarship since the inception of the concept (Khanna & Palepu, Journal of Economic Literature, 45(2):331-372, 1997) and providing our perspective on its contributions and limitations. We then summarize the contributions of the articles included in this special issue. In addition to identifying an array of institutional voids -economic and social -the articles highlight four different strategies for responding to them: internalization, substitution, borrowing and signaling. Drawing on these, we develop new insights on the implications of institutional voids for firm behavior. We conclude with suggestions for future research.

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“…Our framework is consistent with Funk and Hirschman's (2017) argument that firms' strategies address both formal and informal institutions by market and nonmarket exchanges.…”

Section: Contributions To the Special Issuesupporting

confidence: 83%

International business responses to institutional voids

et al. 2017

View full text Add to dashboard Cite

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“…O uso estratégico das ações de mercado pode permitir que as empresas tenham uma influência significativa sobre a política. Podem ser usadas ações de mercado, ou apenas a ameaça, como alavanca para empenhar os formuladores de políticas a criar ou revogar regras específicas (FUNK; HIRSCHMAN, 2017). Dito isto, relata-se, no eixo 2, como as empresas se protegem de interferências políticas indesejadas e obtêm acesso e apoio de atores e instituições políticas, e ainda, como influenciam a política ou processo governamental, especialmente para conseguir acesso ao mercado.…”

Section: Eixounclassified

Um Olho no Peixe e Outro no Gato: Como as Fintechs Disputam Espaço com os Bancos em Época de Juros Baixos

Partyka

Lana

Gama

2020

RAEP

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Este caso de ensino contextualiza a evolução e transformação do Sistema Financeiro brasileiro, com destaque para o crescimento das fintechs (empresas financeiras de base tecnológica)e ruptura do momento de “sossego” dos grandes bancos. Com o surgimento das fintechs, o market share dos grandes bancos passa a ser ameaçado. Com isso, este caso tem por objetivodiscutir as estratégias de mercado concorrenciais dos bancos e das fintechs frente aos cenários futuros possíveis, sobretudo, analisar as estratégias das fintechs com enfoque nas atividadespolíticas corporativas sob forma de influenciar o governo, a regulação e o Sistema Financeiro Nacional para obter acesso ao mercado. O caso ainda permite avaliar a integração das estratégiasde mercado e de não mercado, atuando frente a um interesse em comum, entre as fintechs e os grandes bancos. Trata-se de um caso real dentro do contexto brasileiro. Pode ser utilizado em cursos de graduação e de pós-graduação em Administração, Ciências Contábeis, Economia e Gestão. Ainda pode ser utilizado em cursos complementares, de curta duração ou educação executiva, em temáticas tais como Relações Governamentais e Relações Institucionais e Estratégia de Não Mercado.

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“…Identifying the factors that lead firms to engage in CPA, or factors that affects firms' choice of particular types of CPA, is the subject of the majority of prior studies into the CPA of MNCs. Recent research has discussed a large number of such drivers at the firm-level (De Villa et al 2018;Funk and Hirschman 2017;Lawton et al 2013a, b;Shirodkar and Mohr 2015a, b), industry-level (Lawton et al 2013a, b;Mbalyohere and Lawton 2018;Mbalyohere et al 2017;Schuler 1996) or country/institutional-level (Banerjee and Venaik 2018;Choi et al 2014;Holtbruegge et al 2007;Sojli and Tham 2017;Zhang et al 2016). Given the nature of MNCs, however, we perceive a need for more research specifically into the idiosyncrasies of firm contexts and into how these contexts interact with firm-level drivers of firms' choice of political strategy in different markets.…”

Section: Drivers Of Mnc Corporate Political Activity (Cpa)mentioning

confidence: 99%

“…Addressing such questions would help to develop a better understanding of the overlap between, and integration of, the two key pillars of nonmarket strategy in an international setting. Similarly, there remains a relative lack of research clarifying the link between market-and non-market strategy (Funk and Hirschman 2017). Although some of the papers we include in this focused issue touch upon the integration of CPA and other elements of non-market strategy, we did not receive any submissions specifically aimed at addressing this integration.…”

Section: Integration Of Cpa and Csr In Mncsmentioning

confidence: 99%