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Different role of lobbying and bribery on the firm performance in emerging markets

Title
Different role of lobbying and bribery on the firm performance in emerging markets
Author
임형록
Keywords
Bribery; Emerging markets; Lobbying; Corporate political activity (CPA); Cross-country analysis; Entrepreneur corruption
Issue Date
2017-09
Publisher
EMERALD GROUP PUBLISHING LTD
Citation
MULTINATIONAL BUSINESS REVIEW, v. 25, no. 3, page. 222-238
Abstract
Purpose - Firms influence a government to their advantage in one of two ways: either through lobbying a government to change the rule, or through bribing bureaucrats to circumvent the rule. The purpose of this paper is to investigate whether and under what conditions do corporate political activities facilitate firm growth in a multinational context, especially in developing economies.Design/methodology/approach - This study is based on the data of the World Bank's Enterprise Survey, conducted by the World Bank in the 2002 to 2006 period in 12 countries. To deal with a multilevel structure, the authors applied multilevel regression as the main analysis method.Findings - The analysis reveals that both political activities are prevalent in emerging markets, but they play very different roles on firm growth. The authors also find that the effect of lobbying is more pronounced in politically durable countries where firms can secure their vested benefits by lobbying.Originality/value - The paper contributes to the corporate political activities literature by investigating the distinguishing and contingent role of bribery and lobbying on firm performance.
URI
https://www.emerald.com/insight/content/doi/10.1108/MBR-07-2017-0050/full/htmlhttps://repository.hanyang.ac.kr/handle/20.500.11754/115448
ISSN
1525-383X; 2054-1686
DOI
10.1108/MBR-07-2017-0050
Appears in Collections:
GRADUATE SCHOOL OF BUSINESS[S](경영전문대학원) > BUSINESS ADMINISTRATION(경영학과) > Articles
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