Strategic Fit to Political Factors and Subsequent Performance: Evidence From the <st1:country-region w:st="on"><st1:place w:st="on">U.S.</st1:place></st1:country-region> Coal Industry, 1986 to 2000
Sean Lux
Business Society published 4 March 2013, 10.1177/0007650313476938
http://bas.sagepub.com/cgi/content/abstract/0007650313476938v1
Several scholars have asserted strategic fit to nonmarket factors is positively related to economic performance. Political strategic fit has traditionally been conceptualized as an incremental decision: firms engage in political activities to the extent nonmarket factors suggest firm political actions will improve economic performance. However, the decision to engage in political activity is more of a dichotomous decision (political activity versus free riding). Both incremental and dichotomous political strategic fit are empirically evaluated in the <st1:country-region w:st="on"><st1:place w:st="on">U.S.</st1:place></st1:country-region> coal industry from 1986 to 2000. Empirical evidence suggests that political strategic fit should be modeled as a dichotomous decision and that engaging in political activity is positively related to economic performance. Under investing in political activity or pursuing a free riding strategy was negatively related to economic performance.
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Duane Windsor, PhD
BAS Editor
Lynette S. Autrey Professor of Management
<st1:place w:st="on"><st1:placename w:st="on">Jesse</st1:placename> <st1:placename w:st="on">H.</st1:placename> <st1:placename w:st="on">Jones</st1:placename> <st1:placename w:st="on">Graduate</st1:placename> <st1:placetype w:st="on">School</st1:placetype></st1:place> of Business
<st1:place w:st="on"><st1:placename w:st="on">Rice</st1:placename> <st1:placetype w:st="on">University</st1:placetype></st1:place>
odw@rice.edu
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