当前位置: X-MOL 学术Multinational Business Review › 论文详情
Our official English website, www.x-mol.net, welcomes your feedback! (Note: you will need to create a separate account there.)
Surviving the Arab Spring: socially beneficial product portfolios and resilience to political shock
Multinational Business Review ( IF 3.018 ) Pub Date : 2020-09-28 , DOI: 10.1108/mbr-11-2019-0156
Izzet Darendeli , T.L. Hill , Tazeeb Rajwani , Yunlin Cheng

Purpose

This paper aims to explore the ideas that social legitimacy (acceptance by the public within a country) serves as a hedge against political risk and that the perceived social value of Multinational Enterprises (MNEs’) products or services improves firms’ social legitimacy and so resilience to political shock.

Design/methodology/approach

Drawing from a unique data concerning global construction activity and taking advantage of the Arab Spring as an exogenous, political shock, this paper teases out the relative effects of pre-shock experience and product/service emphasis.

Findings

The authors find that construction firms that worked on a higher proportion of socially beneficial projects – such as water infrastructure, transportation and telecommunications – recovered more quickly from political shock than did those that worked on projects primarily for manufacturing interests or the oil industry. The authors also find that deep experience in a country had no bearing on a firm’s ability to recover from political shock.

Originality/value

The findings suggest that market behaviors that enhance social legitimacy also enhance MNEs’ ability to survive in volatile political settings. These insights add to the political risk and nonmarket strategy literatures the idea that market strategies that are attentive to nonmarket strategic goals are an important addition to the toolkit for managing political risk. More specifically, when it comes to surviving political shock, pre-shock emphasis on socially beneficial products seems to create a social legitimacy buffer that enhances resilience more than do deep country experience and associated social and political ties with the political elite.



中文翻译:

在阿拉伯之春中幸存下来:有益于社会的产品组合和抵御政治冲击的能力

目的

本文旨在探讨社会合法性(一国公众的接受程度)可以对冲政治风险以及跨国企业 (MNEs) 产品或服务的感知社会价值提高公司的社会合法性和弹性的想法。到政治冲击。

设计/方法/方法

本文利用有关全球建筑活动的独特数据,并利用阿拉伯之春作为外生的政治冲击,梳理出冲击前体验和产品/服务重点的相对影响。

发现

作者发现,与那些主要从事制造利益或石油工业项目的建筑公司相比,从事更多社会有益项目(如水利基础设施、交通和电信)的建筑公司从政治冲击中恢复得更快。作者还发现,在一个国家的深厚经验与公司从政治冲击中恢复的能力无关。

原创性/价值

研究结果表明,增强社会合法性的市场行为也增强了跨国公司在动荡的政治环境中生存的能力。这些见解增加了政治风险和非市场战略文献的观点,即关注非市场战略目标的市场战略是管理政治风险工具包的重要补充。更具体地说,当谈到在政治冲击中幸存下来时,冲击前强调对社会有益的产品似乎创造了一种社会合法性缓冲,它比深入的国家体验和与政治精英相关的社会和政治联系更能增强复原力。

更新日期:2020-09-28
down
wechat
bug