The demands of populism on business : introducing corporate political responsibility

Hartwell, Christopher A.; Devinney, Timothy M.

doi:10.1016/j.ibusrev.2022.102075

Please use this identifier to cite or link to this item: https://doi.org/10.21256/zhaw-29065

Publication type:	Article in scientific journal
Type of review:	Peer review (publication)
Title:	The demands of populism on business : introducing corporate political responsibility
Authors:	Hartwell, Christopher A. Devinney, Timothy M.
et. al:	No
DOI:	10.1016/j.ibusrev.2022.102075 10.21256/zhaw-29065
Published in:	International Business Review
Volume(Issue):	33
Issue:	2
Page(s):	102075
Issue Date:	21-Nov-2022
Publisher / Ed. Institution:	Elsevier
ISSN:	0969-5931 1873-6149
Language:	English
Subjects:	Populism; Stakeholder capitalism; Nonmarket strategy; Corporate political responsibility; Political risk
Subject (DDC):	320: Politics 658.408: Security management, environmental management
Abstract:	Populism is an ideologically fluid political vehicle which increases political risk and forces firms to adapt. As populist parties claim to speak exclusively for the people, any activities that could be perceived as going against populist ideals or leaders are problematic from the corporate point of view. These obligations need not require firms to actively support the populist party or to champion causes dear to the populists, as they may simply expect that firms refrain from challenging the status quo. But these expectations can alter firm operations and planning, particularly intangible activities such as corporate social responsibility, making a firm divert resources away from what it may desire to compete in the economic marketplace and forcing it instead to compete in the social and political marketplace. In this paper, we explore these obligations imposed on firms and term them corporate political responsibility (CPR), a specific type of corporate political activity imposed from the outside. Through our examination, we find that CPR is the dark side of stakeholder capitalism, with the use of state power claiming rights within the marketplace that are not theirs to claim.
URI:	https://digitalcollection.zhaw.ch/handle/11475/29065
Fulltext version:	Published version
License (according to publishing contract):	CC BY 4.0: Attribution 4.0 International
Departement:	School of Management and Law
Organisational Unit:	International Management Institute (IMI)
Appears in collections:	Publikationen School of Management and Law

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Hartwell, C. A., & Devinney, T. M. (2022). The demands of populism on business : introducing corporate political responsibility. International Business Review, 33(2), 102075. https://doi.org/10.1016/j.ibusrev.2022.102075

Hartwell, C.A. and Devinney, T.M. (2022) ‘The demands of populism on business : introducing corporate political responsibility’, International Business Review, 33(2), p. 102075. Available at: https://doi.org/10.1016/j.ibusrev.2022.102075.

C. A. Hartwell and T. M. Devinney, “The demands of populism on business : introducing corporate political responsibility,” International Business Review, vol. 33, no. 2, p. 102075, Nov. 2022, doi: 10.1016/j.ibusrev.2022.102075.

HARTWELL, Christopher A. und Timothy M. DEVINNEY, 2022. The demands of populism on business : introducing corporate political responsibility. International Business Review. 21 November 2022. Bd. 33, Nr. 2, S. 102075. DOI 10.1016/j.ibusrev.2022.102075

Hartwell, Christopher A., and Timothy M. Devinney. 2022. “The Demands of Populism on Business : Introducing Corporate Political Responsibility.” International Business Review 33 (2): 102075. https://doi.org/10.1016/j.ibusrev.2022.102075.

Hartwell, Christopher A., and Timothy M. Devinney. “The Demands of Populism on Business : Introducing Corporate Political Responsibility.” International Business Review, vol. 33, no. 2, Nov. 2022, p. 102075, https://doi.org/10.1016/j.ibusrev.2022.102075.