Configuring political relationships to navigate host-country institutional complexity: Insights from Anglophone sub-Saharan Africa

Boso, Nathaniel; Amankwah‐Amoah, Joseph; Essuman, Dominic; Olabode, Oluwaseun E.; Bruce, Patience Aku; Hultman, Magnus; Kutsoati, James Kofi; Adeola, Ogechi

doi:10.1057/s41267-022-00594-8

Cited by 14 publications

(2 citation statements)

References 144 publications

(277 reference statements)

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“…From theoretical perspective, the present study furthers scholarly understanding on the dynamics of corporate political activities (Amankwah-Amoah et al, 2022;Boso et al, 2023;de los Reyes & Scholz, 2022;Mellahi et al, 2016) by offering a new understanding of political connectedness and risk-taking using political contributions in monetary terms 13 . In addition, our insights on the PCs and risk-taking illuminates as well as advances our understanding of risk-taking and PCs.…”

Section: Contribution To Theorymentioning

confidence: 78%

“…Over the past three decades, scholars have sought to understand the nature and effects of political activities of businesses (Baron, 1995a(Baron, , 1995bBoso et al, 2023;Mellahi et al, 2016). With accumulating body of research in this area, scholars have suggested that by engaging in political activities such as lobbying for preferential regulations and policies, firm can shape the environment to their benefit and curtail risk exposure (Baron et al, 2016;Doh et al, 2012).…”

Section: Introductionmentioning

confidence: 99%

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Corporate strategy, political contributions and corporate risk-taking

Halari

Ahmad

Ullah

et al. 2023

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Purpose Despite the importance and prevalence of corporate political activities in modern organizations, there remains limited insight on the potential relationship between political contributions and companies’ risk-taking activities. This study aims to examine the relationship between monetary political contributions of firms and corporate risk-taking activities in the context of unstable political and economic environments. Design/methodology/approach The authors use a two-step system GMM estimation to investigate the subject using a cross-country sample of 307 firms from 22 countries covered over 2002–2017. In line with previous studies, the authors control for various corporate governance mechanisms, firm-level factors and country-level characteristics. Findings The findings demonstrate that firms that make monetary political contributions exhibit lower levels of risk as measured by different proxies for risks, namely, systematic, idiosyncratic and total risk. Practical implications The results suggest that political contributions can be a useful mechanism to mitigate risk exposure. Also, the use of different risk measures and other factors for robustness fosters a better understanding of political connectedness in a more contextualized and dynamic manner. Originality/value This study seeks to contribute to the debate surrounding corporate strategy, political connectedness and corporate risk-taking by using actual monetary political contributions as an explicit measure of political connection. This study furthers scholarly understanding on the dynamics of corporate political activities using political contributions in monetary terms as a measure of political connectedness and its impact on risk-taking. Furthermore, the authors explore this topic using insights from nonmarket strategy literature and studies on political contributions.

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Section: Contribution To Theorymentioning

confidence: 78%

Section: Introductionmentioning

confidence: 99%

Corporate strategy, political contributions and corporate risk-taking

Halari

Ahmad

Ullah

et al. 2023

Self Cite

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Sustainable futures: Toward institutionalizing green industrial policy

Amankwah‐Amoah

2024

Sustainable Development

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Although there have been substantial accomplishments in understanding environmental sustainability policy, there remains a paucity of research categorizing the mechanisms through which firm ownership architectures can be harnessed to advance green industrial policy (GIP). The purpose of this study is to examine how different types of ownership structures can be utilized as mechanisms for capitalizing on and championing GIP. By integrating the fragmented streams of research, this study advances a four‐cell typology of GIP‐firm ownership dimensions (privately‐owned enterprises (POEs)/state‐owned enterprises (SOEs) × intra‐country/inter‐country GIP), which sheds much‐needed light on the long‐term energy transition (ETs) pathway through institutional and industrial challenges. The analysis further enhances researchers' understanding of leveraging SOEs and POEs to neutralize uncertainties inherent in scaling up renewables and addressing the “pollution haven hypothesis.” Directions for future research pertaining to ETs are outlined.

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‘Strategic sustainable development: The role of intermediaries in managing the sustainability compliance of a multi‐tier crop agri‐food supply chain. A developing economy perspective’

Khan,

Behrendt,

Papadas

et al. 2024

Sustainable Development

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This qualitative case study investigation highlights deeply entrenched sustainability challenges within a multi‐tier supply chain of a developing country's crop agri‐food sector. Focusing on the rice supply chain, the study reveals how Agri Processing Company Limited (APCL), operating as a first‐tier intermediary, effectively launched and managed different levels of intermediaries through ‘multi‐actor’ and ‘multi‐level’ management approaches to extend sustainability upstream in the rice supply chain, especially in the lower‐tiers previously considered ‘commodities with no value’. Social networking and progressive farmers played the inclusive roles of change agents in bringing all the stakeholders of a traditional and fragmented supply chain into a coordinated platform. The bottom‐up strategic management approach of APCL gained the trust of local stakeholders and buying firms, resulting in a sustainable business strategy. Increased collaboration at different levels of farming communities led to a transformed methodology for sustainable development through intermediaries. The transformed business structure and mediated governance of ‘multi actors’ supply chains revamped socio‐ecological outcomes for the lower‐tiers and improved local living conditions through economic fairness and equal opportunities. This transformation contributed to significant advances in Pakistan's rice industry towards sustainable development.

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Configuring political relationships to navigate host-country institutional complexity: Insights from Anglophone sub-Saharan Africa

Cited by 14 publications

References 144 publications

Corporate strategy, political contributions and corporate risk-taking

Corporate strategy, political contributions and corporate risk-taking

Sustainable futures: Toward institutionalizing green industrial policy

‘Strategic sustainable development: The role of intermediaries in managing the sustainability compliance of a multi‐tier crop agri‐food supply chain. A developing economy perspective’

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