Open Access. Powered by Scholars. Published by Universities.®

Business Commons

Open Access. Powered by Scholars. Published by Universities.®

Articles 1 - 12 of 12

Full-Text Articles in Business

Private Politics Daily: What Makes Firms The Target Of Internet/Media Criticism? An Empirical Investigation Of Firm, Industry And Institutional Factors, Dominik Breitinger, Jean-Philippe Bonardi Jan 2016

Private Politics Daily: What Makes Firms The Target Of Internet/Media Criticism? An Empirical Investigation Of Firm, Industry And Institutional Factors, Dominik Breitinger, Jean-Philippe Bonardi

Jean-Philippe Bonardi

Private politics refers to situations in which activists or NGOs try to push firms to conform to social standards (regarding, for instance, human rights and environmental protection) without public policy intervention. The existing literature on private politics has focused on large campaigns such as consumer boycotts, and looked at the impact of those boycotts on firms’ financial performance and on the likelihood that firms comply with activist demands. Even though these large campaigns are important, focusing on them leads to neglecting the fact that a large portion of the time and resources that activists consecrate to private politics is used …


Reputation Cascades, Jean-Philippe Bonardi Jan 2015

Reputation Cascades, Jean-Philippe Bonardi

Jean-Philippe Bonardi

The theory of reputation cascades explains why rational individuals who care about their own reputation might adopt the opinion of others, sometimes contrary to their own priors, and why this process –the cascade– leads to the formation of general opinions that are sometimes very stable over time. The purpose of this paper is to explore the implication of reputation cascades as drivers of corporate reputation.


Integrated Market And Nonmarket Strategy: Political Knowledge And The Resource-Based View Of The Firm, Jean-Philippe Bonardi, Rick Vandenbergh Jan 2014

Integrated Market And Nonmarket Strategy: Political Knowledge And The Resource-Based View Of The Firm, Jean-Philippe Bonardi, Rick Vandenbergh

Jean-Philippe Bonardi

This paper contributes to the political strategy literature by focusing on the role of organizational knowledge about the political environment in explaining firm-level differences in political engagement. We combine insights from the learning literature and from the literature on political markets to develop a unique typology of political knowledge highlighting the degree of institution-specificity and the degree of firm-specificity of political knowledge. We use this typology to explore two questions. First, we consider governance mechanism choices: when firms want to develop one type of political knowledge or another, which governance mechanism should they consider? Second, we look at how the …


Asset Freezing, Corporate Political Resources And The Tullock Paradox, Jean-Philippe Bonardi, Santiago Urbiztondo Jan 2013

Asset Freezing, Corporate Political Resources And The Tullock Paradox, Jean-Philippe Bonardi, Santiago Urbiztondo

Jean-Philippe Bonardi

In 1967, Gordon Tullock asked why firms do not spend more on campaign contributions, despite the large rents that could be generated from political activities. We suggest in this paper that part of the puzzle could come from the fact that one important type of political activity has been neglected by the literature which focuses on campaign contributions or political connections. We call this neglected activity “asset freezing”: situations in which firms delay lay-offs or invest in specific technologies to support local politicians’ re-election objectives. In doing so, firms bear a potentially significant cost as they do not use a …


International Expansion, Diversification And Regulated Firm Nonmarket Strategy, Santiago Urbiztondo, Jean-Philippe Bonardi, Bertrand Quélin Jan 2013

International Expansion, Diversification And Regulated Firm Nonmarket Strategy, Santiago Urbiztondo, Jean-Philippe Bonardi, Bertrand Quélin

Jean-Philippe Bonardi

Previous studies have shown that regulated firms diversify for reasons that are different than for unregulated firms. We explore some of these differences by providing a theoretical model that starts by considering the firm-regulator relationship as an incomplete information issue, in which a regulated incumbent has knowledge that the regulator does not have, but the firm cannot convey hard information about this knowledge. The incumbent faces both market and nonmarket competition from a new entrant. In that context, we show that when the firm faces tough nonmarket competition domestically, going abroad can create a mechanism that makes information transmission to …


Political Markets And Regulatory Uncertainty: Insights And Implications For Integrated Strategy, Alisson Kingsley, Rick Vanden Bergh, Jean-Philippe Bonardi Aug 2012

Political Markets And Regulatory Uncertainty: Insights And Implications For Integrated Strategy, Alisson Kingsley, Rick Vanden Bergh, Jean-Philippe Bonardi

Jean-Philippe Bonardi

Managers can craft effective integrated strategy by properly assessing regulatory uncertainty. Leveraging the existing political markets literature, we predict regulatory uncertainty from the novel interaction of demand and supply side rivalries across a range of political markets. We argue for two primary drivers of regulatory uncertainty: ideology-motivated interests opposed to the firm and a lack of competition for power among political actors supplying public policy. We align three, previously disparate dimensions of nonmarket strategy – profile level, coalition breadth, and pivotal target – to levels of regulatory uncertainty. Through this framework, we demonstrate how and when firms employ different nonmarket …


Austrian Public Choice: An Empirical Investigation, Jean-Philippe Bonardi, Rick Vanden Bergh Jan 2012

Austrian Public Choice: An Empirical Investigation, Jean-Philippe Bonardi, Rick Vanden Bergh

Jean-Philippe Bonardi

The purpose of this paper is to explore empirically some of the key propositions that can be derived when one combines insights from Public Choice and Austrian economics. We call this approach Austrian Public Choice. These key propositions are (1) that political markets are dynamic processes driven by the action of suppliers and demanders of public policies behaving as entrepreneurs, (2) that these political entrepreneurs are ignorant ex ante of factors that can matter as the regulatory process unfolds, suggesting that they imperfectly anticipate what will ultimately matter for policy decisions, and (3) that these political entrepreneurs learn over time …


Corporate Political Resources And The Resource-Based View Of The Firm, Jean-Philippe Bonardi Aug 2011

Corporate Political Resources And The Resource-Based View Of The Firm, Jean-Philippe Bonardi

Jean-Philippe Bonardi

No abstract provided.


The Challenges Of Theory Building Through The Combination Of Lenses., Jean-Philippe Bonardi, Gerardo Okhuysen Jan 2011

The Challenges Of Theory Building Through The Combination Of Lenses., Jean-Philippe Bonardi, Gerardo Okhuysen

Jean-Philippe Bonardi

No abstract provided.


The Political Economy Of Regulatory Convergence In Public Utilities, Jean-Philippe Bonardi, Santiago Urbiztondo, Bertrand Quelin Jan 2009

The Political Economy Of Regulatory Convergence In Public Utilities, Jean-Philippe Bonardi, Santiago Urbiztondo, Bertrand Quelin

Jean-Philippe Bonardi

To what extent should public utilities regulation be expected to converge across countries? When it occurs, will regulatory convergence lead to positive outcomes for utility sectors? This paper attempts to provide new answers to these questions. Building on the core proposition of the New Institutional Economics (NIE) that similar regulations generate different outcomes depending on their fit with the underlying domestic institutions, we develop a simple theoretical model and explore its implications by examining the diffusion of local loop unbundling (LLU) regulations in the telecommunications sector. We find support for the ideas (1) that once institutional factors are taken into …


The Internal Limits To Firms' Nonmarket Activities, Jean-Philippe Bonardi Jan 2008

The Internal Limits To Firms' Nonmarket Activities, Jean-Philippe Bonardi

Jean-Philippe Bonardi

It is well documented that firms develop nonmarket strategies in an effort to shape public policy changes to their advantage. But are there no limits to this? This paper argues that there is, in fact, an important limitation, internal to the firm, that stems from the necessity for firms to integrate market and nonmarket activities. Because the two types of activities are not always complements but sometimes substitutes, firms end up forgoing part of their nonmarket activities to avoid restricting the development of their market strategies. This argument is tested in the context of the European telecommunications industry. Results suggest …


Nonmarket Performance: Evidence From U.S. Electric Utilities, Jean-Philippe Bonardi, Guy Holburn, Rick Vanden Bergh Dec 2006

Nonmarket Performance: Evidence From U.S. Electric Utilities, Jean-Philippe Bonardi, Guy Holburn, Rick Vanden Bergh

Jean-Philippe Bonardi

No abstract provided.