Erschienen in:Baruch College Zicklin School of Business Research Paper ; No. 2018-10-01
Umfang:
1 Online-Ressource (26 p)
Sprache:
Englisch
DOI:
10.2139/ssrn.3260615
Identifikator:
Entstehung:
Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments October 4, 2018 erstellt
Beschreibung:
We articulate the spatial dimension of political capital and the geographic scale of its impact on firms. We conceptualize political capital as a construct whose location-specificity and mobility over distance vary across different types, being of value for different internationalization strategies. Empirical testing of Russian firms shows that relationship-based political capital, whom firms know, loses value outside the home country, reducing international investment, whereas knowledge-based capital, what firms know, encourages international investment. The relationships are firm-specific and contingent upon firms’ industrial affiliation, their proprietary assets and country portfolios, turning the configuration of firms’ political capital into a potentially important competitive asset. Our theory offers a means to conceptualize the distinctive nature of political capital in the context of internationalizing firms