Corporate political strategies and firm performance: indications of firm-specific benefits from personal service in the U.S. government

Article Abstract:

A study of the relationship between corporate political strategies and firm performance examined how personal service in public office results in firm-specific benefits. This investigation focused on two forms of personal service, namely, federal cabinet-level appointments, and election to the US House of Representatives and Senate. These public officials were either senior corporate managers or board members of publicly traded companies. Analysis of data using event-study methodology revealed that government service has a positive influence on firm value, suggesting that political strategies may result in firm-specific benefits. Explanations for this relationship were found from extant literature.

Research, Performance, Political activity, Political aspects, Corporations, Executives, Public officers, Government officials

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Shareholder value, stakeholder management, and social issues: what's the bottom line?

Article Abstract:

This article examines the relationship between stakeholder management, shareholder value, and corporate social participation. Research suggests that greater stakeholder management increases shareholder value while socially responsible actions taken by corporations may be negatively linked with shareholder value.

Canada, Investor Relations, Social aspects, Statistical Data Included, Management, Economic aspects, Stockholders, Social policy, International economic relations, Corporate social responsibility

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The development of business-government strategies by diversified firms

Article Abstract:

The authors explore internal conflicts within firms that harm the development of business-government strategies. The methodology and outcomes of the authors' study are included.

Planning, Study and teaching, Government business enterprises, Conflict management, Public enterprises

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