The Contingent Effect of Patriotic Rhetoric on Firm Performance

References

• Al-Ubaydli O, McLaughlin PA (2017) RegData: A numerical database on industry-specific regulations for all United States industries and federal regulations, 1997–2012. Regulation Governance 11(1):109–123.Crossref, Google Scholar
• Apple (2018) Apple accelerates US investment and job creation. Press release (January 17), https://www.apple.com/newsroom/2018/01/apple-accelerates-us-investment-and-job-creation/.Google Scholar
• Bagozzi RP, Yi Y, Phillips LW (1991) Assessing construct validity in organizational research. Admin. Sci. Quart. 36(3):421–458.Crossref, Google Scholar
• Baker M, Wurgler J (2002) Market timing and capital structure. J. Finance 57(1):1–32.Crossref, Google Scholar
• Baughn CC, Yaprak A (1996) Economic nationalism: Conceptual and empirical development. Political Psych. 17(4):759–778.Crossref, Google Scholar
• Baysinger BD (1984) Domain maintenance as an objective of business political activity: An expanded typology. Acad. Management Rev. 9(2):248–258.Crossref, Google Scholar
• BBC (2018) Bannon plan for Europe-wide populist ‘supergroup’ sparks alarm. BBC News (July 23), https://www.bbc.com/news/world-europe-44926417.Google Scholar
• Bednar MK, Boivie S, Prince NR (2013) Burr under the saddle: How media coverage influences strategic change. Organ. Sci. 24(3):910–925.Link, Google Scholar
• Bentzen J, Smith V (2002) French nuclear testings and consumption of French wine in Denmark. Internat. J. Wine Marketing 14(3):20–36.Crossref, Google Scholar
• Bentzen J, Smith V (2007) The military action in Iraq 2003: Did the US consumer boycott of French wines have any economic effects? J. Wine Econom. 2(1):75–83.Crossref, Google Scholar
• Blumentritt TP (2003) Foreign subsidiaries’ government affairs activities: The influence of managers and resources. Bus. Soc. 42(2):202–233.Crossref, Google Scholar
• Blumentritt TP, Nigh D (2002) The integration of subsidiary political activities in multinational corporations. J. Internat. Bus. Stud. 33(1):57–77.Crossref, Google Scholar
• Boehm C, Flaaen A, Pandalai-Nayar N (2015) Input linkages and the transmission of shocks: Firm-level evidence from the 2011 Tōhoku Earthquake. US Census Bureau Center for Economic Studies Paper No. CES-WP-15-28, University of Texas at Austin, Austin.Google Scholar
• Bourgeois L, Singh JV (1983) Organizational slack and political behavior among top management teams. Acad. Management J. 1983(1):43–47.Google Scholar
• Bourgeois LJ (1981) On the measurement of organizational slack. Acad. Management Rev. 6(1):29–39.Crossref, Google Scholar
• Burgoon JK, Guerrero LK, Floyd K (2016) Nonverbal Communication (Routledge, Abingdon, UK).Crossref, Google Scholar
• Bushee BJ, Matsumoto DA, Miller GS (2003) Open vs. closed conference calls: The determinants and effects of broadening access to disclosure. J. Accounting Econom. 34(1-3):149–180.Crossref, Google Scholar
• Cameron AC, Gelbach JB, Miller DL (2011) Robust inference with multiway clustering. J. Bus. Econom. Statist. 29(2):238–249.Google Scholar
• Capar N, Kotabe M (2003) The relationship between international diversification and performance in service firms. J. Internat. Bus. Stud. 34(4):345–355.Crossref, Google Scholar
• Casadesus-Masanell R, Crooke M, Reinhardt F, Vasishth V (2009) Households’ willingness to pay for ‘green’ goods: Evidence from Patagonia’s introduction of organic cotton sportswear. J. Econom. Management Strategy 18(1):203–234.Crossref, Google Scholar
• Chatterjee A, Hambrick DC (2007) It’s all about me: Narcissistic chief executive officers and their effects on company strategy and performance. Admin. Sci. Quart. 52(3):351–386.Crossref, Google Scholar
• Chatterjee A, Hambrick DC (2011) Executive personality, capability cues, and risk taking: How narcissistic CEOs react to their successes and stumbles. Admin. Sci. Quart. 56(2):202–237.Crossref, Google Scholar
• Chavis L, Leslie P (2009) Consumer boycotts: The impact of the Iraq war on French wine sales in the U.S. Quant. Marketing Econom. 7(1):37–67.Crossref, Google Scholar
• Chen CM, Delmas MA, Lieberman MB (2015a) Production frontier methodologies and efficiency as a performance measure in strategic management research. Strategic Management J. 36(1):19–36.Crossref, Google Scholar
• Chen G, Chittoor R, Vissa B (2015b) Modernizing without Westernizing: Social structure and economic action in the Indian financial sector. Acad. Management J. 58(2):511–537.Crossref, Google Scholar
• Clifford S (2013) Walmart plans to buy American more often. New York Times (January 15), https://www.nytimes.com/2013/01/16/business/walmart-to-offer-more-us-made-goods.html.Google Scholar
• Crossland C, Zyung J, Hiller NJ, Hambrick DC (2014) CEO career variety: Effects on firm-level strategic and social novelty. Acad. Management J. 57(3):652–674.Crossref, Google Scholar
• Davidov E (2009) Measurement equivalence of nationalism and constructive patriotism in the ISSP: 34 countries in a comparative perspective. Political Anal. 17(1):64–82.Crossref, Google Scholar
• Deb P, David P, O’Brien J (2017) When is cash good or bad for firm performance? Strategic Management J. 38(2):436–454.Crossref, Google Scholar
• Dittes T (2018) A message from UAW Vice President Terry Dittes. Accessed January 21, 2019, https://uaw.org/message-uaw-vice-president-terry-dittes/.Google Scholar
• Doz Y, Prahalad CK (1986) Controlled variety: A challenge for human resource management in the MNC. Human Resource Management 25(1):55–71.Crossref, Google Scholar
• Dugan K (2017) Jamie Dimon says he’s a ‘patriot’ first, CEO second. New York Post (August 8), https://nypost.com/2017/08/08/jamie-dimon-says-hes-a-patriot-first-ceo-second/.Google Scholar
• Duriau VJ, Reger RK, Pfarrer MD (2007) A content analysis of the content analysis literature in organization studies: Research themes, data sources, and methodological refinements. Organ. Res. Methods 10(1):5–34.Crossref, Google Scholar
• Economist, The (2018) Corporate citizens of somewhere. The Economist (March 22), https://www.economist.com/business/2018/03/22/corporate-citizens-of-somewhere.Google Scholar
• Eggers JP, Kaplan S (2009) Cognition and renewal: Comparing CEO and organizational effects on incumbent adaptation to technical change. Organ. Sci. 20(2):461–477.Link, Google Scholar
• Fernández-Méndez L, García-Canal E, Guillén MF (2018) Domestic political connections and international expansion: It’s not only ‘who you know’ that matters. J. World Bus. 53(5):695–711.Crossref, Google Scholar
• Flammer C, Luo J (2017) Corporate social responsibility as an employee governance tool: Evidence from a quasi-experiment. Strategic Management J. 38(2):163–183.Crossref, Google Scholar
• Ford JK, MacCallum RC, Tait M (1986) The application of exploratory factor analysis in applied psychology: A critical review and analysis. Personality Psych. 39(2):291–314.Crossref, Google Scholar
• Fremeth AR, Holburn GLF, Bergh RGV (2016) Corporate political strategy in contested regulatory environments. Strategy Sci. 1(4):272–284.Link, Google Scholar
• Gamache DL, McNamara G, Mannor MJ, Johnson RE (2015) Motivated to acquire? The impact of CEO regulatory focus on firm acquisitions. Acad. Management J. 58(4):1261–1282.Crossref, Google Scholar
• Gomes L, Ramaswamy K (1999) An empirical examination of the form of the relationship between multinationality and performance. J. Internat. Bus. Stud. 30(1):173–187.Crossref, Google Scholar
• Grant RM, Jammine AP, Thomas H (1988) Diversity, diversification, and profitability among British manufacturing companies, 1972-1984. Acad. Management J. 31(4):771–801.Crossref, Google Scholar
• Greening DW, Turban DB (2000) Corporate social performance as a competitive advantage in attracting a quality workforce. Bus. Soc. 39(3):254–280.Crossref, Google Scholar
• Gregersen HB, Black JS (1992) Antecedents to commitment to a parent company and a foreign operation. Acad. Management J. 35(1):65–90.Crossref, Google Scholar
• Hambrick DC, Humphrey SE, Gupta A (2015) Structural interdependence within top management teams: A key moderator of upper echelons predictions. Strategic Management J. 36(3):449–461.Crossref, Google Scholar
• Henisz WJ, Macher JT (2004) Firm- and country-level trade-offs and contingencies in the evaluation of foreign investment: The semiconductor industry, 1994-2002. Organ. Sci. 15(5):537–554.Link, Google Scholar
• Hillman AJ (2003) Determinants of political strategies in U.S. multinationals. Bus. Soc. 42(4):455–484.Crossref, Google Scholar
• Hillman AJ (2005) Politicians on the board of directors: Do connections affect the bottom line? J. Management 31(3):464–481.Crossref, Google Scholar
• Hillman AJ, Wan WP (2005) The determinants of MNE subsidiaries’ political strategies: Evidence of institutional duality. J. Internat. Bus. Stud. 36(3):322–340.Crossref, Google Scholar
• Hillman AJ, Withers MC, Collins BJ (2009) Resource dependence theory: A review. J. Management 35(6):1404–1427.Crossref, Google Scholar
• Hillman AJ, Zardkoohi A, Bierman L (1999) Corporate political strategies and firm performance: Indications of firm-specific benefits from personal service in the US government. Strategic Management J. 20(1):67–81.Crossref, Google Scholar
• Hobson JL, Mayew WJ, Venkatachalam M (2012) Analyzing speech to detect financial misreporting. J. Accounting Res. 50(2):349–392.Crossref, Google Scholar
• Hoffmann S, Müller S (2009) Consumer boycotts due to factory relocation. J. Bus. Res. 62(2):239–247.Crossref, Google Scholar
• Iyer DN, Miller KD (2008) Performance feedback, slack, and the timing of acquisitions. Acad. Management J. 51(4):808–822.Crossref, Google Scholar
• Kim H-R, Lee M, Lee H-T, Kim N-M (2010) Corporate social responsibility and employee–company identification. J. Bus. Ethics 95(4):557–569.Crossref, Google Scholar
• Kosterman R, Feshbach S (1989) Toward a measure of patriotic and nationalistic attitudes. Political Psych. 10(2):257–274.Crossref, Google Scholar
• Kostova T, Roth K, Dacin MT (2008) Institutional theory in the study of multinational corporations. A critique and new directions. Acad. Management Rev. 33(4):994–1006.Crossref, Google Scholar
• Li F (2010) Textual analysis of corporate disclosures: A survey of the literature. J. Accounting Literature 29:143–165.Google Scholar
• Li F, Minnis M, Nagar V, Rajan M (2009) Formal and real authority in organizations: An empirical assessment. Working paper, University of Michigan, Ann Arbor.Google Scholar
• Li J, Meyer KE, Zhang H, Ding Y (2018) Diplomatic and corporate networks: Bridges to foreign locations. J. Internat. Bus. Stud. 49(6):659–683.Crossref, Google Scholar
• Lim EN, McCann BT (2013) Performance feedback and firm risk taking: The moderating effects of CEO and outside director stock options. Organ. Sci. 25(1):262–282.Link, Google Scholar
• Luo Y (2001) Toward a cooperative view of MNC-host government relations: Building blocks and performance implications. J. Internat. Bus. Stud. 32(3):401–419.Crossref, Google Scholar
• Ma X, Ding Z, Yuan L (2016) Subnational institutions, political capital, and the internationalization of entrepreneurial firms in emerging economies. J. World Bus. 51(5):843–854.Crossref, Google Scholar
• Malaney P (2017) Economic Nationalism as a Driving Force of Populism in the U.S. (Stanford Institute for International Studies, Stanford, CA).Google Scholar
• Marano V, Kostova T (2016) Unpacking the institutional complexity in adoption of CSR practices in multinational enterprises. J. Management Stud. 53(1):28–54.Crossref, Google Scholar
• Marquis C, Tilcsik A (2016) Institutional equivalence: How industry and community peers influence corporate philanthropy. Organ. Sci. 27(5):1325–1341.Link, Google Scholar
• Mayew WJ, Venkatachalam M (2012) The power of voice: Managerial affective states and future firm performance. J. Finance 67(1):1–43.Crossref, Google Scholar
• McDonnell M-H, King B (2013) Keeping up appearances: Reputational threat and impression management after social movement boycotts. Admin. Sci. Quart. 58(3):387–419.Crossref, Google Scholar
• Merriam-Webster (2018) Definition of nationalism. Accessed April 24, 2019, https://www.merriam-webster.com/dictionary/nationalism.Google Scholar
• Miller KE, Sturdivant FD (1977) Consumer responses to socially questionable corporate behavior: An empirical test. J. Consumer Res. 4(1):1–7.Crossref, Google Scholar
• Mohr LA, Webb DJ, Harris KE (2001) Do consumers expect companies to be socially responsible? The impact of corporate social responsibility on buying behavior. J. Consumer Affairs 35(1):45–72.Crossref, Google Scholar
• Nunnally JC, Bernstein IH (1994) Psychometric Theory (McGraw-Hill, New York).Google Scholar
• Oxley JE, Schnietz KE (2001) Globalization derailed? Multinational investors’ response to the 1997 denial of fast-track trade negotiating authority. J. Internat. Bus. Stud. 32(3):479–496.Crossref, Google Scholar
• Palepu K (1985) Diversification strategy, profit performance and the entropy measure. Strategic Management J. 6(3):239–255.Crossref, Google Scholar
• Paterson T (2005) Schröder's deputy urges boycott of unpatriotic German firms. The Independent (April 20), https://www.independent.co.uk/news/world/europe/schratildeparaders-deputy-urges-boycott-of-unpatriotic-german-firms-495465.html.Google Scholar
• Peng MW, Wang DYL, Yi J (2008) An institution-based view of international business strategy: A focus on emerging economies. J. Internat. Bus. Stud. 39(5):920–936.Crossref, Google Scholar
• Pennebaker JW, Booth RJ, Francis ME (2007) Linguistic inquiry and word count: LIWC (Computer software). Pennebaker Conglomerates Inc., Austin, TX. Accessed April 24, 2019, http://liwc.wpengine.com/.Google Scholar
• Pennebaker JW, Mehl MR, Niederhoffer KG (2003) Psychological aspects of natural language use: Our words, our selves. Annual Rev. Psych. 54(1):547–577.Crossref, Google Scholar
• Pfeffer J, Salancik GR (1978) The External Control of Organizations. A Resource Dependency Perspective (Harper and Row, New York).Google Scholar
• Pfeffer J, Salancik GR (2003) The External Control of Organizations. A Resource Dependence Perspective (Stanford University Press, Stanford, CA).Google Scholar
• Pryke S (2012) Economic nationalism: Theory, history and prospects. Global Policy 3(3):281–291.Crossref, Google Scholar
• Rodrik D (2018) Populism and the economics of globalization. J. Internat. Bus. Policy 1(1):12–33.Crossref, Google Scholar
• Rupp DE, Ganapathi J, Aguilera RV, Williams CA (2006) Employee reactions to corporate social responsibility: An organizational justice framework. J. Organ. Behav. 27(4):537–543.Crossref, Google Scholar
• Samuelson RJ (2017) Trump's job ‘jawboning’ may be good politics — but it's not good economics. Washington Post (January 8), https://www.washingtonpost.com/opinions/trumps-job-jawboning-may-be-good-politics--but-its-not-good-economics/2017/01/08/a1496dc2-d44b-11e6-a783-cd3fa950f2fd_story.html?noredirect=on&utm_term=.f53aac6b475f.Google Scholar
• Sen S, Bhattacharya CB (2001) Does doing good always lead to doing better? Consumer reactions to corporate social responsibility. J. Marketing Res. 38(2):225–243.Crossref, Google Scholar
• Shen L (2016) Walmart is still making bogus made in USA claims says ad watchdog. Fortune (June 29), http://fortune.com/2016/06/29/walmart-made-in-usa/.Google Scholar
• Shimp TA, Sharma S (1987) Consumer ethnocentrism: Construction and validation of the CETSCALE. J. Marketing Res. 24(3):280–289.Crossref, Google Scholar
• Slatcher RB, Chung CK, Pennebaker JW, Stone LD (2007) Winning words: Individual differences in linguistic style among U.S. presidential and vice presidential candidates. J. Res. Personality 41(1):63–75.Crossref, Google Scholar
• Smith AD (1995) Nations and Nationalism in a Global Era (Oxford University Press, Oxford, UK).Google Scholar
• Tallman S, Li J (1996) Effects of international diversity and product diversity on the performance of multinational firms. Acad. Management J. 39(1):179–196.Crossref, Google Scholar
• Taylor S, Levy O, Boyacigiller NA, Beechler S (2008) Employee commitment in MNCs: Impacts of organizational culture, HRM and top management orientations. Internat. J. Human Resource Management 19(4):501–527.Crossref, Google Scholar
• TRIGEMA (2017) Wolfgang Grupp: 5 Fragen zum Standort Deutschland. Accessed June 14, 2017, https://www.trigema.de/magazin/wolfgang-grupp-5-fragen-zum-standort-deutschland/.Google Scholar
• Trump DJ (2018) Tweet on GM's announcement to close plants. Twitter (November 27), https://twitter.com/realDonaldTrump/status/1067494680416407552.Google Scholar
• Turban DB, Greening DW (1997) Corporate social performance and organizational attractiveness to prospective employees. Acad. Management J. 40(3):658–672.Crossref, Google Scholar
• Vernon R (1971) Sovereignty at Bay: The Multinational Spread of US Enterprises (Basic Books, New York).Google Scholar
• Vernon R (1998) In the Hurricane’s Eye: The Troubled Prospects of Multinational Enterprises (Harvard University Press, Cambridge, MA).Crossref, Google Scholar
• Vora D, Kostova T (2007) A model of dual organizational identification in the context of the multinational enterprise. J. Organ. Behav. 28(3):327–350.Crossref, Google Scholar
• Weaver GR, Linda Klebe T, Cochran PL (1999) Integrated and decoupled corporate social performance: Management commitments, external pressures, and corporate ethics practices. Acad. Management J. 42(5):539–552.Crossref, Google Scholar
• Zaheer S (1995) Overcoming the liability of foreignness. Acad. Management J. 38(2):341–363.Crossref, Google Scholar