Political geography and corporate political strategy

Antia, Murad J.; Kim, In-Cheol; Pantzalis, Christos

doi:10.1016/j.jcorpfin.2013.07.002

Cited by 41 publications

(22 citation statements)

References 35 publications

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“…To access politicians, firms may use information, financial incentives or constituency building (Hillman & Hitt, 1999). In one of the few empirical studies regarding the choice of access strategy, Antia, Kim, & Pantzalis (2013) suggest that firms use PAC (political action committee) contributions to placate the incumbent politicians, and lobbying for securing access to political power. This lends support to Drutman & Hopkins (2013) argument that lobbying is primarily for information transmission.…”

Section: Types Of Political Strategiesmentioning

confidence: 99%

Corporate Political Activity: An Integrated Model

Kumar¹,

Thakur²,

Pani³

2015

ASS

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This paper reviews the current state of research in the area of corporate political activity to build an integrated model. This model segregates the related but scattered corporate political activity constructs in literature into enablers, motivators, moderators, choices, and outcomes of corporate political activity. This model can be help in reconciling contradictory results in literature. For instance, several studies have found evidence positive, neutral, and negative effect of CPA on performance. This model suggests that CPA-performance relationship is enabled and moderated by several factors, and controlling them may yield a better picture of CPA effect on performance. We further suggest gaps in current literature and give suggestions for future research in this area.

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Section: Types Of Political Strategiesmentioning

confidence: 99%

Corporate Political Activity: An Integrated Model

Kumar¹,

Thakur²,

Pani³

2015

ASS

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“…As per the literature findings, establishments that are politically well connected enjoy superior performance compared to the firms having few political connections. For instance, systematic meta-analyses (Lux et al 2011) have demonstrated that political tactics cast a positive impact on the firm performance as they facilitate the firms to obtain beneficial regulatory conditions (Antia et al 2013) in addition to an access to the monetary resources (Khwaja and Mian 2005), which brings about an enhancement in the value of the firm (Johnson and Mitton 2003;Roberts 1990). This result is backed by Richter et al (2009), who states that the US firms that lobby more in a specific year have been discovered to pay lesser effective tax rates in the following year.…”

Section: Relationship Between Cpa and Fpmentioning

confidence: 99%

Is Corporate Political Activity an Investment or Agency? An Application of System GMM Approach

Lin¹

2019

Administrative Sciences

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Corporate political activity (CPA) has been recognized as bearing a significant impact on financial performance (FP). Nevertheless, there has been a lack of considerable research to date. The results of the research regarding the relationship between CPA and FP have been contradictory and this has necessitated further investigation of this relationship. Nonetheless, rather than examining the relationship between CPA and FP, research scholars have revealed that a contingency perspective must be employed for revealing the conditions and the context which enhance the relationship between these two constructs. This study offers a quite distinctive viewpoint with respect to the link between CPA and FP as regards the corporate reputation perspective. For this reason, the study obtained data from the Fortune list of top 100 World Most Admired Companies (WMAC) for the period of 2007 and 2016. This data was utilized to examine the relationship between CPA and FP using the dynamic panel data system GMM (Generalized Method of Moments) estimator. This study finds virtually no support for the hypothesis that lobbying and PACs (political action committees) represent an investment in political capital. Instead, CPA is symptomatic of agency problems within firms. This study also argues that corporate reputation moderates the effect of CPA on the FP and the analysis supports the argument. Our results are particularly useful in light of the reputable corporation, which is greatly to likely increase the use of corporate funds for political contributions.

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“…To show "how competition and political institutions affect lobbying expenditures and expected net returns for private and collective lobbying" (Godwin, Lopez, & Seldon, 2008, p. 1) Baskerville, 2007;Breton & Zaporozhets, 2009;Godwin et al, 2008;Law & Pan, 2009;Le Breton, Sudhölter, & Zaporozhets, 2012;Madani, 2010;Schneider, Lang, Leifeld, & Gundelach, 2007b;Ward, 2004 Budget/resources analysis To explore budget and other resources (e.g., personnel) of lobby organizations to gain an impression of their relative or absolute power in effectuating policy change, often using large scale datasets Antia, Kim, & Pantzalis, 2013;Baumgartner et al, 2009;Chalmers, 2013;Klüver, 2012Klüver, , 2013Oyinlade & Haden, 2004;Richter, Samphantharak, & Timmons, 2009 (Pooled) Time series analysis To explore the development of relationships between state and interest groups, to explore the changes within or between lobby groups over time, or to research changes in policy agendas over time Kaufman & Segura-Ubiergo, 2001;Leech et al, 2005;Mahoney & Baumgartner, 2009 Note. All authors in bold refer to key texts on the specific research method.…”

Section: Applied Bymentioning

confidence: 99%

Spaces of lobbying

Hofman

Aalbers

2017

Geography Compass

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This paper departs from the observation that a systematic review of the available theories, concepts, and methods and techniques for researching lobbying is lacking. Lobbying is a relational geography of power. And although economic and political geographers study a range of practices that could be considered constitutive to lobbying, they have hitherto largely ignored the spaces of lobbying. We conceptualize lobbying as a practice of 3 flows between spaces of lobbying: the flows of people between organizations, the flows of ideas between these people, and the flows of resources between organizations. Lobbying is fundamental to understand the execution of power by firms towards a range of state actors, and understood as the directed actions of individuals and groups to alter, influence, or hamper the decision‐making process of governments; these actions consist of the mobilization of resources that activate power and enable access to spaces of lobbying. Access to different spaces of lobbying will influence the effectiveness of lobbying practices. Geographers are in a unique position to look at the mobilization of power through access to spaces of lobbying and its resources. We discuss how lobbying is supported by material and immaterial resources for the (re)production of spaces of lobbying. Finally, we present different methods and techniques to research lobbying.

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Political geography and corporate political strategy

Cited by 41 publications

References 35 publications

Corporate Political Activity: An Integrated Model

Corporate Political Activity: An Integrated Model

Is Corporate Political Activity an Investment or Agency? An Application of System GMM Approach

Spaces of lobbying

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