Detailed Information
Cited 0 time in 
Cited 3 time in 
Cited 3 time in
Metadata Downloads
The effect of political turnover on firms’ strategic change in the emerging economies: The moderating role of political connections and financial resources
- Authors
- Choi, Seong jin; Liu, Huilong; Yin, Jun; Qi, Yunfei; Lee, Jeoung Yul
- Issue Date
- Dec-2021
- Publisher
- Elsevier BV
- Keywords
- China; Financial resources; Political turnover; Politicalconnections; Strategic change
- Citation
- Journal of Business Research, v.137, pp 255 - 266
- Pages
- 12
- Indexed
- SSCI
SCOPUS
- Journal Title
- Journal of Business Research
- Volume
- 137
- Start Page
- 255
- End Page
- 266
- ISSN
- 0148-2963
1873-7978
- Abstract
- Do external uncertainties hold back or accelerate firms’ strategic change? To examine this issue, we develop a theoretical framework on the relationship between policy uncertainty caused by political turnover and the level of a firm's strategic change and also theorize how political connections and financial resources affect firms’ response in the form of strategic change to environmental uncertainty. We test our framework with 16,451 firm-year observations of listed firms in China from 2008 to 2015 and find that political turnover has a negative influence on the level of a firm's strategic change. Moreover, this influence is mitigated by political connections and/or financial resources.
- Files in This Item
- Go to Link
- Appears in
Collections - 서울 경영대학 > 서울 경영학부 > 1. Journal Articles
Items in ScholarWorks are protected by copyright, with all rights reserved, unless otherwise indicated.
Related Researcher
- Choi, Seong jin
- SCHOOL OF BUSINESS (SCHOOL OF BUSINESS ADMINISTRATION)