File Download
There are no files associated with this item.
Supplementary
-
Citations:
- Appears in Collections:
Conference Paper: Are Political Ties and Market Capabilities Complements or Substitutes for Firm Performance? Evidence from China
Title | Are Political Ties and Market Capabilities Complements or Substitutes for Firm Performance? Evidence from China |
---|---|
Authors | |
Issue Date | 2016 |
Publisher | Strategic Management Society. |
Citation | The 36th Strategic Management Society (SMS) Annual Conference 2016, Berlin, Germany, 17-20 September 2016. In Conference Program, p. 102 How to Cite? |
Abstract | While the conventional wisdom advocates a complementary view between political ties and market capabilities, we challenge it by proposing that they function as substitutes in affecting firm performance. We argue that the simultaneous use of political ties and market capabilities yields strong tensions: Internally, the incompatibility of their focuses and routines produces a crowding-out effect; externally, government interference arising from political ties invites a grabbing-hand effect. Results based on publicly listed firms in China from 2001 to 2014 provide strong support to our propositions. Political ties and marketing/operations capabilities have a negative joint effect on a firm’s future financial performance. Moreover, this substitution effect is stronger when market institutional development is high and for private firms (versus state-owned enterprises). |
Description | Track A - Session 197 - Addressing Fundamental Trade-Offs in Strategy Research Proposals |
Persistent Identifier | http://hdl.handle.net/10722/245800 |
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Wang, D | - |
dc.contributor.author | Du, F | - |
dc.contributor.author | Zhou, KZ | - |
dc.date.accessioned | 2017-09-18T02:17:07Z | - |
dc.date.available | 2017-09-18T02:17:07Z | - |
dc.date.issued | 2016 | - |
dc.identifier.citation | The 36th Strategic Management Society (SMS) Annual Conference 2016, Berlin, Germany, 17-20 September 2016. In Conference Program, p. 102 | - |
dc.identifier.uri | http://hdl.handle.net/10722/245800 | - |
dc.description | Track A - Session 197 - Addressing Fundamental Trade-Offs in Strategy Research Proposals | - |
dc.description.abstract | While the conventional wisdom advocates a complementary view between political ties and market capabilities, we challenge it by proposing that they function as substitutes in affecting firm performance. We argue that the simultaneous use of political ties and market capabilities yields strong tensions: Internally, the incompatibility of their focuses and routines produces a crowding-out effect; externally, government interference arising from political ties invites a grabbing-hand effect. Results based on publicly listed firms in China from 2001 to 2014 provide strong support to our propositions. Political ties and marketing/operations capabilities have a negative joint effect on a firm’s future financial performance. Moreover, this substitution effect is stronger when market institutional development is high and for private firms (versus state-owned enterprises). | - |
dc.language | eng | - |
dc.publisher | Strategic Management Society. | - |
dc.relation.ispartof | Strategic Management Society Conference 2016 | - |
dc.title | Are Political Ties and Market Capabilities Complements or Substitutes for 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 | 276451 | - |
dc.identifier.spage | 102 | - |
dc.identifier.epage | 102 | - |