Bimodal lobbying and trade policy outcomes: Evidence from corporate political activity under uncertainty in India
Bimodal lobbying and trade policy outcomes: Evidence from corporate political activity under uncertainty in India
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DOI：
10.1057/s42214-022-00145-w
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发表时间：
2023-01
影响因子：
7.9
通讯作者：
Amrita Saha-;V. Shirodkar;T. Lawton
中科院分区：
文献类型：
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作者：
Amrita Saha-;V. Shirodkar;T. Lawton
我们缺乏对企业如何通过企业政治活动(CPA)参与贸易政策来减少不确定性的洞察，特别是在新兴经济体。在本文中，我们认为，注册会计师作为一种非市场战略的工具，在实现贸易政策结果时更有效地减少了企业的不确定性，当企业采取双峰方法时，集体游说和个人游说都是如此。行业协会等集体行为者通过行业合法性和专业知识获得影响力，并可使个别企业游说活动受益于在信息收集、发展合法性和协调不同利益方面增强的政治能力。我们还发现，对于出口公司来说，当有政府支持一个行业时，双峰方法更有效。我们的实证分析基于对146家印度公司的调查数据，背景是不断变化的社会政治时代。我们通过强调集体和私人政治游说在减少贸易政策不确定性方面的互补性来为文献做出贡献。总体而言，我们致力于注册会计师和非市场战略的研究，特别是在新兴经济体贸易政策的背景下。
We lack insight into how firms reduce uncertainty by engaging with trade policy through corporate political activity (CPA), particularly in emerging economies. In this paper, we argue that CPA, as an instrument of nonmarket strategy, is more effective in achieving trade policy outcomes that reduce corporate uncertainty when firms pursue a bimodal approach, lobbying both collectively and individually. Collective actors such as trade associations gain influence through industry legitimacy and expertise, and can enable individual corporate lobbying to benefit from enhanced political capabilities in terms of information gathering, developing legitimacy, and aligning divergent interests. We also find that the bimodal approach is more effective for exporting firms, and when there is government support for an industry. Our empirical analysis is based on survey data of 146 Indian firms, in the context of a changing socio-political era. We contribute to the literature by highlighting the complementarity between collective and private political lobbying in reducing trade policy uncertainty. Overall, we contribute to research on CPA and nonmarket strategy, particularly in the context of emerging economy trade policy.