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• W4309081636 abstract "Abstract Considering recent theoretical discussions about the concept of moral legitimacy, this study advances our understanding of its performance consequences. Specifically, it uncovers the mediating role of moral legitimacy in the relationship between regulations and industry performance. Our analysis of the U.S. state-level data on regulations in a controversial industry between 1994 and 2010 yields four significant findings. The results show that regulations not only decrease performance but also negatively impact moral legitimacy. Moreover, this study provides empirical evidence that moral legitimacy is positively related to industry performance, providing much-needed direct support for this premise. Importantly, the results indicate that moral legitimacy mediates the effect of regulations on performance, but only when regulations are aligned with moral values. Overall, this study extends our understanding of how regulations influence moral legitimacy, and in turn impact industry performance." @default.
• W4309081636 created "2022-11-21" @default.
• W4309081636 creator A5022321200 @default.
• W4309081636 creator A5087782011 @default.
• W4309081636 date "2022-11-11" @default.
• W4309081636 modified "2023-09-30" @default.
• W4309081636 title "Clearing the Smoke: Regulations, Moral Legitimacy, and Performance in the U.S. Tobacco Industry" @default.
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• W4309081636 doi "https://doi.org/10.1007/s10551-022-05285-w" @default.
• W4309081636 hasPublicationYear "2022" @default.
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