Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 8 of 8
Full-Text Articles in Business
International Expansion, Diversification And Regulated Firm Nonmarket Strategy, Santiago Urbiztondo, Jean-Philippe Bonardi, Bertrand Quélin
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
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
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
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
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
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
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
Nonmarket Performance: Evidence From U.S. Electric Utilities, Jean-Philippe Bonardi, Guy Holburn, Rick Vanden Bergh
Jean-Philippe Bonardi
No abstract provided.