Nonmarket Performance: Evidence from U.S. Electric Utilities

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Serval ID
serval:BIB_DBD2A8DDF018
Type
Article: article from journal or magazin.
Collection
Publications
Title
Nonmarket Performance: Evidence from U.S. Electric Utilities
Journal
Academy of Management Journal
Author(s)
Bonardi J.-P., Holburn G., VandenBergh R.
ISSN
0001-4273
Publication state
Published
Issued date
12/2006
Peer-reviewed
Oui
Volume
49
Number
6
Pages
1209-1228
Language
english
Abstract
This paper develops and tests a theory of the performance determinants of a firm's nonmarket strategy in shaping public policy outcomes. Building on the concept of political market attractiveness, we argue that nonmarket performance is influenced by both the characteristics of a firm's regulatory and political environment, especially rivalry among interest groups or politicians, and by internal capabilities that enable a firm to mitigate political transaction costs. Using data on regulatory filings for rate increases made by U.S. electric utilities over a 13-year period, we find empirical support for our approach.
Keywords
Management, Business planning, Strategic planning, Political planning, Policy sciences, Business & politics
Web of science
Create date
27/11/2007 10:33
Last modification date
20/08/2019 16:00
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