The Political Capital of Foreign Subsidiaries
基于资源依赖理论和讨价还价能力框架，研究91家外国子公司政治资本的前因，发现讨价还价资源的所有权及其通过政府事务活动的管理对政治资本差异有重要影响。
This article explores the concept of political capital in the setting of multinational corporation foreign subsidiaries. Drawing on resource dependence theory, the literature on corporate political activities, and the bargaining power framework, hypotheses are developed examining the antecedents to subsidiary political capital. The article tests hypotheses based on primary data from 91 foreign subsidiaries using path analysis. The empirical results suggest that both ownership of bargaining power resources and the management of those resources through government affairs activities are important in explaining the variation of political capital across foreign subsidiaries.