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Contingent political capital and international alliances : Evidence from South Korea

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  • Contingent political capital and international alliances
  • Siegel, Jordan
  • Johnson Graduate School, Cornell University


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Title Contingent political capital and international alliances
Similar Titles
Sub Title

Evidence from South Korea

Material Type Articles
Author(English)

Siegel, Jordan

Publisher

[New York]:Johnson Graduate School, Cornell University

Date 2007-12
Journal Title; Vol./Issue Administrative Science Quarterly:vol. 52
Pages 46
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Original Format pdf
Subject Government and Law < International Politics
Holding Harvard Business School

Abstract

Though prior research has suggested that a company’s ties to political networks have only a positive value or no value, this study examines whether political network ties can also be a significant liability for companies. Analyzing South Korea as a representative emerging economy, I find that being tied through elite sociopolitical networks to the regime in power significantly increased the rate at which South Korean companies formed cross-border strategic alliances, but also that being tied through elite sociopolitical networks to the political enemies of the regime in power significantly decreased that rate. Results show that an unexpected change in political regime could quickly change a political liability into an asset and that network ties continued to be important determinants of cross-border alliance activity as South Korea proceeded with liberalization. The present study sheds further light on the so-called dark side of embeddedness by focusing on who is negatively targeted by having the “wrong friends” at the wrong time. (The rest omitted)