A Real Options Perspective on Entrepreneurial Orientation and Government Ties
从实物期权视角出发，研究企业如何通过拓宽公司政治活动范围来减少创业导向带来的监管不确定性，同时保持战略灵活性。
Firms’ strategic orientation toward entrepreneurship exposes them to regulatory uncertainties. Prior research suggests that addressing these uncertainties through corporate political activities (CPA) may require costly trade-offs, such as the loss of strategic flexibility. We argue that some of these trade-offs can be mitigated by the way firms structure their CPA. We extend the insights from real options reasoning (ROR) to offer a framework for how firms may circumvent some of these trade-offs through greater CPA breadth, which allows firms to retain their strategic flexibility while reaping some of the benefits of CPA.