政治关联与企业绩效:基于组织和私人层面的比较研究

Political Connection and Firm Performance:Comparative Research Based on the Interpersonal and Interorganizational Level

企业政治关联作为重要的非市场化战略对企业生存发展至关重要,但学术界对其如何影响企业绩效缺乏统一结论.基于战略三角架视角,本研究通过区分组织层面和私人层面的政治关联,探讨其对企业绩效的差异化影响;并分析竞争强度和恶意竞争对上述关系的调节作用.实证研究表明:相比于私人层面的政治关联,组织层面的政治关联更能促进企业绩效;同时发现:竞争强度会增强组织层面的政治关联与企业绩效之间关系,而削弱私人层面的政治关联与企业绩效之间的关系;恶意竞争会削弱组织层面的政治关联与企业绩效之间的关系,而增强私人层面的政治关联与企业绩效之间关系.

As an important non-market strategy,political connection is crucial to firms’survival and development.However,the existing researches have not yet formed a unified conclusion of the relationship between political connections and firm performance.To address this question,drawing on the strategy tripod perspective,the research divides the political connections into interpersonal and interorganizational levels,and then explores the different impacts from two different levels of political connections on firm performance.The research also examines the moderating effect of industrial factor(competitive intensity)and institutional factor(dysfunctional competition)on the main effect.Results show that,compared to the interpersonal level of political connections,the interorganizational level has a stronger positive effect on firm performance.Also,the research examines the different moderating effect of environmental factors on the relationship between two level political connections and performance:interorganizational political connections are more beneficial when the competitive intensity is high and the dysfunctional competition is low,whereas interpersonal political connections bring greater performance when it is less competitive and the dysfunctional competition is high.