Performance implications of nonmarket strategy in China

Yuanqiong He (), Zhilong Tian () and Yun Chen ()

Asia Pacific Journal of Management, 2007, vol. 24, issue 2, pages 151-169

Abstract: Nonmarket strategy may have positive influences on a firm’s performance. How does nonmarket strategy influence a firm’s performance? This article addresses this important question by introducing two mediators: corporate social performance and adaptive capability. The empirical results based on a survey of 438 usable questionnaires from China indicate that “buffering” and “bridging,” being two kinds of nonmarket strategies, have a positive impact on a firm’s economic performance through enhancing its social performance and adaptive capability. The article not only documents the positive effect of nonmarket strategy on firm performance in emerging economies such as China, but also explains the indirect relationship between nonmarket strategy and economic performance, which generates both theoretical and practical implications. Copyright Springer Science+Business Media, LLC 2007

Keywords: Nonmarket strategy; Buffering; Bridging; Economic performance; Corporate social performance; Adaptive capability (search for similar items in EconPapers)

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