 The interface of market and nonmarket strategies: Political ties and strategic competitive actionsWeiting Zheng, Siah Hwee Ang and Kulwant Singh Journal of World Business, 2022, vol. 57, issue 4 Abstract: We focus on corporate political connections as a critical nonmarket strategy and propose that political ties can facilitate firms’ strategic competitive actions but may also hurt the outcomes of such actions, depending on whether the ties are associated to central versus local political actors. Studying China's television manufacturers at the onset of deregulation and globalization, we find that central and local political ties have contrasting effects on firms’ competitive actions and their performance outcomes. To further shed light on theoretical mechanisms, we examine the impact of China's WTO accession on firm actions and contrast domestic-based and internationalization competitive actions. Keywords: Nonmarket strategy; Political ties; Strategic competitive actions; Firm growth; China (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:worbus:v:57:y:2022:i:4:s1090951622000360 Ordering information: This journal article can be ordered from DOI: 10.1016/j.jwb.2022.101345 Access Statistics for this article Journal of World Business is currently edited by David Collings and Jonathan Doh More articles in Journal of World Business from Elsevier |
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