Which Types of Political Capital Matter for Internationalizing Firm and Where Do They Matter? Evidence from Russia FDI and Exports

Autor:	Lilach Nachum, Rajeev J. Sawant, Andrei Panibratov
Rok vydání:	2017
Předmět:	Political capital Empirical research Physical capital Conceptualization business.industry Individual capital Value (economics) Economics International trade International economics Foreign direct investment business Construct (philosophy)
Zdroj:	SSRN Electronic Journal.
ISSN:	1556-5068
DOI:	10.2139/ssrn.3001554
Popis:	We distinguish between two types of political capital and hypothesize that their value for firms varies at home and overseas. Hence they support different modes of international activity. Empirical testing of Russian firms shows that relational political capital is of high value in the home country and therefore encourages exports and diminish FDI. Knowledge political capital creates a firm-specific capability that can be exploited overseas, thus facilitating FDI and reducing exports. The relationships are contingent upon ownership and industry affiliation. These findings call for a nuanced conceptualization of political capital as a multi-dimensional construct whose impact varies across geographies.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::f4e574c30acb35ad249efab147879954 https://doi.org/10.2139/ssrn.3001554 Zobrazit plný text záznamu