講 題：WHERE CAN POLITICAL TIES COME FROM? A SOCIAL HOMOPHILY MODEL OF POLITICAL TIES IN EMERGING ECONOMIES
主講人：朱泓錦 教授 (加拿大McMaster大學商學院)
時 間：107年12月12日（星期三）下午2時30分 - 下午4時30分
While resource dependence theorists have indicated that firms connect with political powers for desirable resources, little attention has been directed at the social foundations that foster firms’ political ties. We develop a framework that specifies the effects of social homophily and heterogeneity on the formation of ties between firms and political powers in turbulent environments. We use data of listed Taiwanese firms that experienced an unexpected regime change to show that social similarity of a firm with the political regime promotes ties between them, whereas social dissimilarity of a firm with the political regime generally deters its ties with the regime. The negative effects of social dissimilarity mitigate when the firm operates in infrastructure industries that are typically highly regulated. Moreover, we find that similarity on certain social attributes persistently promotes the firm’s ties to its original political ally despite the ally’s unfavorable situations. Nevertheless, such enduring homophily effects weaken when the firm operates in infrastructure industries.
Hongjin Zhu is an associate professor of strategic management at the DeGroote School of Business, McMaster University in Canada. Hongjin’s research focuses on the influence of interfirm networks, business-government relations, and board of directors on corporate strategy and outcomes, particularly in emerging economies. Her work has appeared in Administrative Science Quarterly, Strategic Management Journal, and other referred journals.