麻花星空mv

标题：A Two-pronged Approach to Political Partner Misconduct: Relationship and Capability Building

摘要：Relationships with political actors can turn into liabilities if the political actors are charged for misconduct. However, research has not sufficiently considered whether and how firms act to lessen the threat of such damage. We integrate theorizing on negative spillovers and organizational stigma to propose that firms may respond to dilute the risks of stigma-by-association arising from political partner misconduct through strategies designed to retain or regain socio-political approval. Firms may do so by (i) reducing spending in relationship building, or (ii) increasing spending in capability building. Using firm-level associations with politicians being investigated for corruption in China and a difference-in-difference research design, we find support for our theory. In addition, firms with state and foreign institutional owners are particularly sensitive to risks of stigma-by-association and respond more positively by adjusting their spending in relationship and capability building. Media coverage demonstrates the effectiveness of these responses, with firms that increase capability building in the form of R&D spending receiving more positive media coverage in the post-misconduct period. We contribute to theorizing about firm reactions to political partner misconduct, extending knowledge on the management of negative spillovers.

讲座语言：中英文

讲座时间：2021年5月25日上午10:00

腾讯会议：685 346 651

嘉宾信息

郑维婷博士，新南威尔士大学商学院管理与治理学院高级讲师（助理教授）。研究方向主要包括非市场战略，试图了解组织在管理其政治和社会环境中的战略行为。目前的研究项目聚焦于新兴市场的公司政治战略、国家在影响公司行为中的作用，以及公司对不同利益相关者的管理。

郑维婷博士的文章发表于《Strategic Management Journal》、《Journal of Management》、《Research Policy》等管理学顶尖和权威学术期刊上。现任《Australian Journal of Management》副主编，并任《Strategic Management Journal》、《Journal of Business Research》、《Management and Organization Review》等学术期刊的编委成员。