Disentangling the effects of domestic corporate political activity and political connections on firms’ internationalisation: Evidence from US retail MNEs |
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| Institution: | 1. University of Sussex Business School, Brighton, UK;2. ALBA Graduate Business School, Athens, Greece;3. Vienna University of Economics and Business, Vienna, Austria;4. Brunel Business School, Brunel University, London, UK;1. Ted Rogers School of Management, Ryerson University, 350 Victoria Street, Toronto, ON, M5B 2K3, Canada;2. International Business School, Shanghai University of International Business and Economics, No. 1900 Wenxiang Road, Songjiang District, Shanghai, 201620, China;1. Université Paris-Saclay, UVSQ, IAE de Versailles, Larequoi, 47, boulevard Vauban, 78047, Guyancourt Cedex, France;2. Université Côte d’Azur, IAE Nice, GRM, 5, rue du 22ème B.C.A., 06357, Nice Cedex 4, France;3. Lappeenranta-Lahti University of Technology (LUT), School of Business and Management, P.O. Box 20, 53851, Lappeenranta, Finland;1. Aarhus University, Denmark;2. Department of Management, Fuglesangs Allé 4, 2628/M312, 8210, Aarhus, Denmark;3. University of Southern Denmark, Denmark;4. Department of Business and Management, Sdr. Stationsvej 28, 4200, Slagelse, Denmark;1. Department of Economics and Management, University of Pavia, Italy;2. Department of Business and Management, LUISS Guido Carli, V.le Romania 32, Roma, 00197, Italy;3. Regent’s Professor; Fuller E. Callaway Professorial Chair; and Executive Director, CIBER, Georgia State University, 35 Broad Street, Atlanta, GA, 30303, USA;4. Visiting Professor, Leeds University Business School, UK;1. University of Edinburgh, United Kingdom;2. Massey University, New Zealand;1. Renmin Business School, Renmin University of China, China;2. School of Business, Sun Yat-sen University, China;3. School of Technology and Business Studies, Dalarna University, Sweden;4. Department of Business Studies, Uppsala University, Sweden;5. School of Business, Economics and Law, University of Gothenburg, Sweden |
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| Abstract: | Scholars are increasingly investigating the implications of firms’ domestic corporate political activity (CPA) and political connections on their internationalisation prospects. In this paper, using insights from the resource dependence theory, we argue that domestic CPA and political connections developed within the home country have contrasting effects on firms’ international expansion, such that, while domestic CPAs (mainly, lobbying and campaign contributions) facilitate internationalisation, political connections deter internationalisation. We also argue that this relationship is moderated by firms’ international experience and product diversification. We test our hypotheses using a panel dataset comprising 38 retail Multinational Enterprises (MNEs) originating in the United States (US) whose activities we traced over the 16-year period 2003?2018. Our findings support our hypotheses. |
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| Keywords: | Corporate political activity Lobbying Political action committees Political connections Internationalisation Retailers |
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