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- W4385223712 abstract "Political compliance strategy (PCS) refers to a firm’s stance on implementing business activities centered around government policies. While existing research has examined the antecedents of PCS from the perspective of institutional pressures and resource dependence, little is known about how PCS can be affected by corporate leaders’ personally held values. Resonating with the recent development of upper echelons theory on corporate executives’ values, this study examines how Chinese corporate leaders’ personal value shaped by their early-life exposure to strong Confucian cultures may carry a persistent influence on their firms’ PCS. Analyzing two samples of Chinese non-state-owned (non-SOE) listed firms for 2013-2020 and 2011-2019 respectively, we find that board chairs with early-life exposure to a strong Confucian culture are more likely to engage in PCS, reflected by voluntary participation in the Belt and Road Initiative (BRI) and active engagement in green innovation. These relationships weaken if a board chair has overseas experiences, when a firm has a higher level of foreign ownership, and when a firm is headquartered in a region with better market development. Implications to upper echelons research and political strategy literatures are discussed." @default.
- W4385223712 created "2023-07-25" @default.
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- W4385223712 date "2023-08-01" @default.
- W4385223712 modified "2023-09-27" @default.
- W4385223712 title "Chinese Corporate Leaders’ Early-life Exposure to Confucianism and Political Compliance Strategy" @default.
- W4385223712 doi "https://doi.org/10.5465/amproc.2023.11807abstract" @default.
- W4385223712 hasPublicationYear "2023" @default.
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