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Corporate Political Ties and Firm Performance in a Transition Economy: A Replication and Extension of Peng and Luo (2000)
Management and Organization Review ( IF 3.776 ) Pub Date : 2023-04-27 , DOI: 10.1017/mor.2023.2
Hai Guo , Chao Wang , Zeyu Wang , Xiaoyu Li

How do corporate political ties impact firm performance in a transition economy? This topic has attracted wide attention in the strategy field. Accordingly, our study replicates a highly influential study, ‘Managerial ties and firm performance in a transition economy: The nature of a micro-macro link’ (Peng & Luo, 2000). The original study found that managerial political ties greatly improve organizational performance, and that this ‘micro-macro’ link varies across ownership types, business sectors, firm sizes, and industry growth rates. This replication study offers a hierarchical view of political ties by extending it from the individual to the organizational level and explores the complex link between the two levels of corporate political ties and firm performance. The results of a staged quasi-replication exercise show some similarities with the original study in the mechanism of corporate political ties on firm performance but, more importantly, reveal some key differences in the effect size and contingent effects. Furthermore, an extended test shows that corporate political ties are multilevel, and different levels of political ties vary in their mechanisms and effects on firm performance. The findings reveal temporal and contextual sensitivities of political ties studies in transition economies.



中文翻译:

转型经济中的企业政治关系和企业绩效:彭和罗的复制和延伸(2000)

公司政治关系如何影响转型经济中的公司绩效?这一话题引起了战略界的广泛关注。因此,我们的研究复制了一项极具影响力的研究,“转型经济中的管理联系和企业绩效:微观与宏观联系的本质”(Peng & Luo,2000)。最初的研究发现,管理政治关系极大地提高了组织绩效,并且这种“微观-宏观”联系因所有权类型、业务部门、公司规模和行业增长率而异。这项复制研究通过将政治关系从个人层面延伸到组织层面,提供了政治关系的层次结构视图,并探讨了企业政治关系和公司绩效两个层面之间的复杂联系。分阶段的准复制实验的结果显示出与公司政治关系对公司绩效的机制的原始研究有一些相似之处,但更重要的是,揭示了效应大小和或有效应方面的一些关键差异。此外,延伸检验表明,企业政治关系是多层次的,不同层次的政治关系对企业绩效的作用机制和影响也不同。研究结果揭示了转型经济体政治关系研究的时间和背景敏感性。不同层次的政治关系对企业绩效的作用机制和影响也各不相同。研究结果揭示了转型经济体政治关系研究的时间和背景敏感性。不同层次的政治关系对企业绩效的作用机制和影响也各不相同。研究结果揭示了转型经济体政治关系研究的时间和背景敏感性。

更新日期:2023-04-27
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