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Conference Paper: Are political ties and market capabilities complements or substitutes in fostering firm performance? Evidence from China
| Title | Are political ties and market capabilities complements or substitutes in fostering firm performance? Evidence from China |
|---|---|
| Authors | |
| Issue Date | 2016 |
| Citation | The 7th Biennial Conference of the International Association for Chinese Management Research (IACMR 2016), Hangzhou, China, 15-19 June 2016. How to Cite? |
| Abstract | Whereas the benefits of political ties are well recognized, we argue that political ties may hurt firm performance during normal times by crowding-out market capabilities in two ways. First, political ties impede market capability building due to resource limitation and path dependency. Second, political ties hurt the efficiency of market capability utilization because of dysfunctional organizational behavior and government interference. Results based on publicly listed private firms in China from 2006 to 2015 provide strong support to our propositions and mechanisms. Our research contributes to the political ties literature by identifying new mechanisms of their dark side during normal times and extends resource dependence theory by delineating the overlooked incompatibility between the cooptation strategy and firms’ market capabilities. |
| Description | Conference Theme: Culture and Chinese Management Session 04D - Paper - Political Ties in Transition Economy |
| Persistent Identifier | http://hdl.handle.net/10722/230193 |
| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | Wang, D | - |
| dc.contributor.author | Du, F | - |
| dc.contributor.author | Zhou, KZ | - |
| dc.date.accessioned | 2016-08-23T14:15:39Z | - |
| dc.date.available | 2016-08-23T14:15:39Z | - |
| dc.date.issued | 2016 | - |
| dc.identifier.citation | The 7th Biennial Conference of the International Association for Chinese Management Research (IACMR 2016), Hangzhou, China, 15-19 June 2016. | - |
| dc.identifier.uri | http://hdl.handle.net/10722/230193 | - |
| dc.description | Conference Theme: Culture and Chinese Management | - |
| dc.description | Session 04D - Paper - Political Ties in Transition Economy | - |
| dc.description.abstract | Whereas the benefits of political ties are well recognized, we argue that political ties may hurt firm performance during normal times by crowding-out market capabilities in two ways. First, political ties impede market capability building due to resource limitation and path dependency. Second, political ties hurt the efficiency of market capability utilization because of dysfunctional organizational behavior and government interference. Results based on publicly listed private firms in China from 2006 to 2015 provide strong support to our propositions and mechanisms. Our research contributes to the political ties literature by identifying new mechanisms of their dark side during normal times and extends resource dependence theory by delineating the overlooked incompatibility between the cooptation strategy and firms’ market capabilities. | - |
| dc.language | eng | - |
| dc.relation.ispartof | Biennial Conference of the International Association for Chinese Management Research, IACMR 2016 | - |
| dc.relation.ispartof | 中国管理研究国际学会2016年会议 | - |
| dc.title | Are political ties and market capabilities complements or substitutes in fostering firm performance? Evidence from China | - |
| dc.type | Conference_Paper | - |
| dc.identifier.email | Wang, D: danqingw@hku.hk | - |
| dc.identifier.email | Du, F: feidu@hku.hk | - |
| dc.identifier.email | Zhou, KZ: kevinzhou@business.hku.hk | - |
| dc.identifier.authority | Wang, D=rp01912 | - |
| dc.identifier.authority | Du, F=rp01508 | - |
| dc.identifier.authority | Zhou, KZ=rp01127 | - |
| dc.identifier.hkuros | 261135 | - |