Zhongyuan Sun

Reading lists Stream 14Search all readings

Nonmarket strategy and corporate social responsibility

Political strategy, stakeholders, CSR and the moral economy.

Of its 99 readings, 6 are assigned in two or more sources and listed first, with the number of sources beside each (in bold for the core readings, in 4 or more); the 93 listed in only one source are folded under each heading.

In the theory tree: grows out of 10 Social movements, power and inequality.

Drawn from: Lu, Li, Park, Yang & Yan (CityU); Yao (HBS); Yue (USC); Henisz (Wharton); Kogut & Keum (Columbia); Zhou (HKU); Jia (USC). Full details of the sources are on the reading lists page.

By decade

Before 1950: 0 readings<19501950s: 0 readings1950s1960s: 0 readings1960s1970s: 1 reading1970s1980s: 1 reading1980s1990s: 4 readings1990s2000s: 25 readings2000s2010s: 63 readings632010s2020s: 5 readings2020s
Most date from the 2010s; half were published in 2013 or later.

Also assigned

In 2 to 3 sources.

  1. Friedman, M. (1970). The Social Responsibility of Business is to Increase its Profits. New York Times Magazine, September, 13.2
  2. Baron, D. P. (1995). Integrated Strategy: Market and Nonmarket Components. California Management Review, 37(2), 47–65. https://doi.org/10.2307/411657882
  3. Fisman, R. (2001). Estimating the Value of Political Connections. American Economic Review, 91(4), 1095–1102. https://doi.org/10.1257/aer.91.4.10952
  4. Hillman, A. J., Keim, G. D., & Schuler, D. (2004). Corporate Political Activity: A Review and Research Agenda. Journal of Management, 30(6), 837–857. https://doi.org/10.1016/j.jm.2004.06.0032
  5. Baron, D. P., & Diermeier, D. (2007). Strategic Activism and Nonmarket Strategy. Journal of Economics & Management Strategy, 16(3), 599–634. https://doi.org/10.1111/j.1530-9134.2007.00152.x2
  6. Wang, D., Du, F., & Marquis, C. (2019). Defending Mao’s Dream: How Politicians’ Ideological Imprinting Affects Firms’ Political Appointment in China. Academy of Management Journal, 62(4), 1111–1136. https://doi.org/10.5465/amj.2016.11982

Further readings

93 more, listed in one source
  1. Becker, G. S. (1983). A Theory of Competition Among Pressure Groups for Political Influence. Quarterly Journal of Economics, 98(3), 371. https://doi.org/10.2307/1886017
  2. Donaldson, T., & Preston, L. E. (1995). The Stakeholder Theory of the Corporation: Concepts, Evidence, and Implications. Academy of Management Review, 20(1), 65. https://doi.org/10.2307/258887
  3. Hill, C. A. (1998). How Investors React to Political Risk. Duke Journal of Comparative & International Law.
  4. Hillman, A. J., Zardkoohi, A., & Bierman, L. (1999). Corporate political strategies and firm performance: indications of firm-specific benefits from personal service in the U.S. government. Strategic Management Journal, 20(1), 67–81. https://doi.org/10.1002/(sici)1097-0266(199901)20:1<67::aid-smj22>3.0.co;2-t
  5. McWilliams, A., & Siegel, D. (2001). Corporate Social Responsibility: A Theory of the Firm Perspective. Academy of Management Review, 26(1), 117. https://doi.org/10.2307/259398
  6. Baron, D. P. (2001). Private Politics, Corporate Social Responsibility, and Integrated Strategy. Journal of Economics & Management Strategy, 10(1), 7–45. https://doi.org/10.1162/105864001300122548
  7. Guseva, A., & Rona-Tas, A. (2001). Uncertainty, Risk, and Trust: Russian and American Credit Card Markets Compared. American Sociological Review, 66(5), 623. https://doi.org/10.2307/3088951
  8. Baron, D. P. (2003). Private Politics. Journal of Economics & Management Strategy, 12(1), 31–66. https://doi.org/10.1162/105864003321220724
  9. Healy, K. (2004). Altruism as an Organizational Problem: The Case of Organ Procurement. American Sociological Review, 69(3), 387–404. https://doi.org/10.1177/000312240406900304
  10. Gavetti, G., & Levinthal, D. A. (2004). The Strategy Field from the Perspective of Management Science : Divergent Strands and Possible Integration. Management Science, 50(10), 1309–1318. https://doi.org/10.1287/mnsc.1040.0282
  11. Fresh, J. E. (2005). How Do Corporations Play Politics?: The FedEx Story. Vanderbilt Law Review.
  12. Bonardi, J.-P., Holburn, G. L. F., & Vanden Bergh, R. G. (2006). Nonmarket Strategy Performance: Evidence from U.S. Electric Utilities. Academy of Management Journal, 49(6), 1209–1228. https://doi.org/10.5465/amj.2006.23478676
  13. Porter, M. E., & Kramer, M. R. (2006). Strategy & Society: The Link Between Competitive Advantage and Corporate Social Responsibility. Harvard Business Review.
  14. Soule, S. A., & King, B. G. (2006). The Stages of the Policy Process and the Equal Rights Amendment, 1972–1982. American Journal of Sociology, 111(6), 1871–1909. https://doi.org/10.1086/499908
  15. Kriauciunas, A., & Kale, P. (2006). The impact of socialist imprinting and search on resource change: a study of firms in lithuania. Strategic Management Journal, 27(7), 659–679. https://doi.org/10.1002/smj.537
  16. Siegel, J. (2007). Contingent Political Capital and International Alliances: Evidence from South Korea. Administrative Science Quarterly, 52(4), 621–666. https://doi.org/10.2189/asqu.52.4.621
  17. Fourcade, M., & Healy, K. (2007). Moral Views of Market Society. Annual Review of Sociology, 33(1), 285–311. https://doi.org/10.1146/annurev.soc.33.040406.131642
  18. Aguilera, R. V., Rupp, D. E., Williams, C. A., & Ganapathi, J. (2007). Putting the S back in corporate social responsibility: A multilevel theory of social change in organizations. Academy of Management Review, 32(3), 836–863. https://doi.org/10.5465/amr.2007.25275678
  19. Barnett, M. L. (2007). Stakeholder influence capacity and the variability of financial returns to corporate social responsibility. Academy of Management Review, 32(3), 794–816. https://doi.org/10.5465/amr.2007.25275520
  20. Capron, L., & Chatain, O. (2008). Competitors' Resource-Oriented Strategies: Acting on Competitors' Resources Through Intervention in Factor Markets and Political Markets. Academy of Management Review.
  21. Li, J. J., Poppo, L., & Zhou, K. Z. (2008). Do managerial ties in China always produce value? Competition, uncertainty, and domestic vs. foreign firms. Strategic Management Journal, 29(4), 383–400. https://doi.org/10.1002/smj.665
  22. Oliver, C., & Holzinger, I. (2008). The Effectiveness of Strategic Political Management: A Dynamic Capabilities Framework. Academy of Management Review, 33(2), 496–520. https://doi.org/10.5465/amr.2008.31193538
  23. Wang, H., Choi, J., & Li, J. (2008). Too Little or Too Much? Untangling the Relationship Between Corporate Philanthropy and Firm Financial Performance. Organization Science, 19(1), 143–159. https://doi.org/10.1287/orsc.1070.0271
  24. Matten, D., & Moon, J. (2008). “Implicit” and “Explicit” CSR: A Conceptual Framework for a Comparative Understanding of Corporate Social Responsibility. Academy of Management Review, 33(2), 404–424. https://doi.org/10.5465/amr.2008.31193458
  25. Reid, E. M., & Toffel, M. W. (2009). Responding to public and private politics: corporate disclosure of climate change strategies. Strategic Management Journal, 30(11), 1157–1178. https://doi.org/10.1002/smj.796
  26. Bhattacharya, C. B., Korschun, D., & Sen, S. (2009). Strengthening Stakeholder–Company Relationships Through Mutually Beneficial Corporate Social Responsibility Initiatives. Journal of Business Ethics, 85(S2), 257–272. https://doi.org/10.1007/s10551-008-9730-3
  27. Anteby, M. (2010). Markets, Morals, and Practices of Trade: Jurisdictional Disputes in the U.S. Commerce in Cadavers. Administrative Science Quarterly, 55(4), 606–638. https://doi.org/10.2189/asqu.2010.55.4.606
  28. Okhmatovskiy, I. (2010). Performance Implications of Ties to the Government and SOEs: A Political Embeddedness Perspective. Journal of Management Studies, 47(6), 1020–1047. https://doi.org/10.1111/j.1467-6486.2009.00881.x
  29. Sun, P., Mellahi, K., & Thun, E. (2010). The dynamic value of MNE political embeddedness: The case of the Chinese automobile industry. Journal of International Business Studies, 41(7), 1161–1182. https://doi.org/10.1057/jibs.2009.94
  30. Minor, D., & Morgan, J. (2011). CSR as Reputation Insurance: Primum Non Nocere. California Management Review, 53(3), 40–59. https://doi.org/10.1525/cmr.2011.53.3.40
  31. Du, S., Bhattacharya, C. B., & Sen, S. (2011). Corporate Social Responsibility and Competitive Advantage: Overcoming the Trust Barrier. Management Science, 57(9), 1528–1545. https://doi.org/10.1287/mnsc.1110.1403
  32. Polillo, S. (2011). Money, Moral Authority, and the Politics of Creditworthiness. American Sociological Review, 76(3), 437–464. https://doi.org/10.1177/0003122411407737
  33. Scherer, A. G., & Palazzo, G. (2011). The New Political Role of Business in a Globalized World: A Review of a New Perspective on CSR and its Implications for the Firm, Governance, and Democracy. Journal of Management Studies, 48(4), 899–931. https://doi.org/10.1111/j.1467-6486.2010.00950.x
  34. Turco, C. (2012). Difficult Decoupling: Employee Resistance to the Commercialization of Personal Settings. American Journal of Sociology, 118(2), 380–419. https://doi.org/10.1086/666505
  35. Tang, Z., Hull, C. E., & Rothenberg, S. (2012). How Corporate Social Responsibility Engagement Strategy Moderates the CSR–Financial Performance Relationship. Journal of Management Studies, 49(7), 1274–1303. https://doi.org/10.1111/j.1467-6486.2012.01068.x
  36. Lamont, M. (2012). Toward a Comparative Sociology of Valuation and Evaluation. Annual Review of Sociology, 38(1), 201–221. https://doi.org/10.1146/annurev-soc-070308-120022
  37. Aguinis, H., & Glavas, A. (2012). What We Know and Don’t Know About Corporate Social Responsibility: A Review and Research Agenda. Journal of Management, 38(4), 932–968. https://doi.org/10.1177/0149206311436079
  38. Jha, S. (2013). Analyzing political risks in developing countries: a practical framework for project managers. Business and Politics, 15(1), 117–136. https://doi.org/10.1515/bap-2012-0025
  39. Fremeth, A., Richter, B. K., & Schaufele, B. (2013). Campaign Contributions over CEOs' Careers. American Economic Journal: Applied Economics, 5(3), 170–188. https://doi.org/10.1257/app.5.3.170
  40. Waldron, T. L., Navis, C., & Fisher, G. (2013). Explaining Differences in Firms' Responses to Activism. Academy of Management Review, 38(3), 397–417. https://doi.org/10.5465/amr.2011.0466
  41. Hoellerer, M. A. (2013). From Taken-for-Granted to Explicit Commitment: The Rise of CSR in a Corporatist Country. Journal of Management Studies.
  42. Murphy, M., & Vives, J. (2013). Perceptions of Justice and the Human Rights Protect, Respect, and Remedy Framework. Journal of Business Ethics, 116(4), 781–797. https://doi.org/10.1007/s10551-013-1821-0
  43. Chin, M. K., Hambrick, D. C., & Treviño, L. K. (2013). Political Ideologies of CEOs: The Influence of Executives’ Values on Corporate Social Responsibility. Administrative Science Quarterly, 58(2), 197–232. https://doi.org/10.1177/0001839213486984
  44. Henisz, W. J. (2013). Preferences, Structure, and Influence: The Engineering of Consent. Global Strategy Journal, 3(4), 338–359. https://doi.org/10.1111/j.2042-5805.2013.01064.x
  45. Yue, L. Q., Luo, J., & Ingram, P. (2013). The Failure of Private Regulation: Elite Control and Market Crises in the Manhattan Banking Industry. Administrative Science Quarterly, 58(1), 37–68. https://doi.org/10.1177/0001839213476502
  46. Servaes, H., & Tamayo, A. (2013). The Impact of Corporate Social Responsibility on Firm Value: The Role of Customer Awareness. Management Science, 59(5), 1045–1061. https://doi.org/10.1287/mnsc.1120.1630
  47. Reich, A. D. (2014). Contradictions in the Commodification of Hospital Care. American Journal of Sociology, 119(6), 1576–1628. https://doi.org/10.1086/676836
  48. Marquis, C., & Qian, C. (2014). Corporate Social Responsibility Reporting in China: Symbol or Substance? Organization Science, 25(1), 127–148. https://doi.org/10.1287/orsc.2013.0837
  49. Xu, D., Lu, J. W., & Gu, Q. (2014). Organizational Forms and Multi-population Dynamics: Economic Transition in China. Administrative Science Quarterly, 59(3), 517–547. https://doi.org/10.1177/0001839214541866
  50. Henisz, W. J., Dorobantu, S., & Nartey, L. (2014). Spinning Gold: The Financial and Operational Returns to External Stakeholder Engagement. Strategic Management Journal.
  51. Eccles, R. G., Ioannou, I., & Serafeim, G. (2014). The Impact of Corporate Sustainability on Organizational Processes and Performance. Management Science, 60(11), 2835–2857. https://doi.org/10.1287/mnsc.2014.1984
  52. Steil, J. P., & Vasi, I. B. (2014). The New Immigration Contestation: Social Movements and Local Immigration Policy Making in the United States, 2000–2011. American Journal of Sociology, 119(4), 1104–1155. https://doi.org/10.1086/675301
  53. Soule, S. A., Swaminathan, A., & Tihanyi, L. (2014). The diffusion of foreign divestment from Burma. Strategic Management Journal, 35(7), 1032–1052. https://doi.org/10.1002/smj.2147
  54. Selmier, W. T., II, Newenham-Kahindi, A., & Oh, C. H. (2015). "Understanding the words of relationships": Language as an essential tool to manage CSR in communities of place. Journal of International Business Studies.
  55. Zheng, W., Singh, K., & Mitchell, W. (2015). Buffering and enabling: The impact of interlocking political ties on firm survival and sales growth. Strategic Management Journal, 36(11), 1615–1636. https://doi.org/10.1002/smj.2301
  56. Flammer, C. (2015). Does product market competition foster corporate social responsibility? Evidence from trade liberalization. Strategic Management Journal, 36(10), 1469–1485. https://doi.org/10.1002/smj.2307
  57. Mellahi, K., Frynas, J. G., Sun, P., & Siegel, D. (2016). A Review of the Nonmarket Strategy Literature: Toward a Multi-Theoretical Integration. Journal of Management, 42(1), 143–173. https://doi.org/10.1177/0149206315617241
  58. Jia, N., & Mayer, K. (2016). Complementarity in Firms’ Market and Political Capabilities: An Integrated Theoretical Perspective. In Strategy Beyond Markets (pp. 437–470). Emerald Group Publishing Limited. https://doi.org/10.1108/s0742-332220160000034013
  59. Wang, H., Tong, L., Takeuchi, R., & George, G. (2016). Corporate Social Responsibility: An Overview and New Research Directions: Thematic Issue on Corporate Social Responsibility. Academy of Management Journal, 59(2), 534–544. https://doi.org/10.5465/amj.2016.5001
  60. Petrenko, O. V., Aime, F., Ridge, J., & Hill, A. (2016). Corporate social responsibility or CEO narcissism? CSR motivations and organizational performance. Strategic Management Journal, 37(2), 262–279. https://doi.org/10.1002/smj.2348
  61. Zhang, J., Marquis, C., & Qiao, K. (2016). Do Political Connections Buffer Firms from or Bind Firms to the Government? A Study of Corporate Charitable Donations of Chinese Firms. Organization Science, 27(5), 1307–1324. https://doi.org/10.1287/orsc.2016.1084
  62. Baron, D. P., Neale, M., & Rao, H. (2016). Extending Nonmarket Strategy: Political Economy and the Radical Flank Effect in Private Politics. Strategy Science, 1(2), 105–126. https://doi.org/10.1287/stsc.2016.0011
  63. Olzak, S., Soule, S. A., Coddou, M., & Muñoz, J. (2016). Friends or Foes? How Social Movement Allies Affect the Passage of Legislation in the U.S. Congress. Mobilization: An International Quarterly, 21(2), 213–230. https://doi.org/10.17813/1086-671x-21-2-213
  64. Schrempf-Stirling, J., Palazzo, G., & Phillips, R. A. (2016). Historic Corporate Social Responsibility. Academy of Management Review, 41(4), 700–719. https://doi.org/10.5465/amr.2014.0137
  65. Hawn, O., & Ioannou, I. (2016). Mind the gap: The interplay between external and internal actions in the case of corporate social responsibility. Strategic Management Journal, 37(13), 2569–2588. https://doi.org/10.1002/smj.2464
  66. Greene, H., & Yao, D. A. (2016). Navigating Natural Monopolies: Market Strategy and Nonmarket Challenges in Radio and Television Audience Measurement Markets. In Strategy Beyond Markets (pp. 367–411). Emerald Group Publishing Limited. https://doi.org/10.1108/s0742-332220160000034011
  67. Shotts, K. W. (2016). Political Risk as a Hold-Up Problem: Implications for Integrated Strategy. In Strategy Beyond Markets (pp. 57–85). Emerald Group Publishing Limited. https://doi.org/10.1108/s0742-332220160000034003
  68. Burbano, V. C. (2016). Social Responsibility Messages and Worker Wage Requirements: Field Experimental Evidence from Online Labor Marketplaces. Organization Science, 27(4), 1010–1028. https://doi.org/10.1287/orsc.2016.1066
  69. Baron, D. P. (2016). Strategy beyond Markets: A Step Back and a Look Forward. In Strategy Beyond Markets (pp. 1–54). Emerald Group Publishing Limited. https://doi.org/10.1108/s0742-332220160000034002
  70. Sun, P., Hu, H. W., & Hillman, A. J. (2016). The Dark Side of Board Political Capital: Enabling Blockholder Rent Appropriation. Academy of Management Journal, 59(5), 1801–1822. https://doi.org/10.5465/amj.2014.0425
  71. Henisz, W. J. (2016). The Dynamic Capability of Corporate Diplomacy. Global Strategy Journal, 6(3), 183–196. https://doi.org/10.1002/gsj.1121
  72. Zelizer, V. A. (2016). Twenty Years After The Social Meaning of Money. Books and Ideas (http://www.booksandideas.net/Twenty-Years-After-The-Social-Meaning-of-Money.html).
  73. Kang, C., Germann, F., & Grewal, R. (2016). Washing Away Your Sins? Corporate Social Responsibility, Corporate Social Irresponsibility, and Firm Performance. Journal of Marketing, 80(2), 59–79. https://doi.org/10.1509/jm.15.0324
  74. Dorobantu, S., Kaul, A., & Zelner, B. (2017). Nonmarket strategy research through the lens of new institutional economics: An integrative review and future directions. Strategic Management Journal, 38(1), 114–140. https://doi.org/10.1002/smj.2590
  75. Gupta, A., Briscoe, F., & Hambrick, D. C. (2017). Red, blue, and purple firms: Organizational political ideology and corporate social responsibility. Strategic Management Journal, 38(5), 1018–1040. https://doi.org/10.1002/smj.2550
  76. Zhou, K. Z., Gao, G. Y., & Zhao, H. (2017). State Ownership and Firm Innovation in China: An Integrated View of Institutional and Efficiency Logics. Administrative Science Quarterly, 62(2), 375–404. https://doi.org/10.1177/0001839216674457
  77. Haveman, H. A., Jia, N., Shi, J., & Wang, Y. (2017). The Dynamics of Political Embeddedness in China. Administrative Science Quarterly, 62(1), 67–104. https://doi.org/10.1177/0001839216657311
  78. Erikson, E., & Hamilton, M. (2018). Companies and the Rise of Economic Thought: The Institutional Foundations of Early Economics in England, 1550–1720. American Journal of Sociology, 124(1), 111–149. https://doi.org/10.1086/697498
  79. Baron, D. P. (2018). Disruptive Entrepreneurship and Dual Purpose Strategies: The Case of Uber. Strategy Science, 3(2), 439–462. https://doi.org/10.1287/stsc.2018.0059
  80. MacKenzie, D. (2018). Material Signals: A Historical Sociology of High-Frequency Trading. American Journal of Sociology, 123(6), 1635–1683. https://doi.org/10.1086/697318
  81. Anderson, E. (2018). Policy Entrepreneurs and the Origins of the Regulatory Welfare State: Child Labor Reform in Nineteenth-Century Europe. American Sociological Review, 83(1), 173–211. https://doi.org/10.1177/0003122417753112
  82. Henisz, W. (2018). Political Risk: A Review. Working Paper.
  83. Ahuja, G., Capron, L., Lenox, M., & Yao, D. A. (2018). Strategy and the Institutional Envelope. Strategy Science, 3(2), ii–x. https://doi.org/10.1287/stsc.2018.0062
  84. Goldstein, A. (2018). The Social Ecology of Speculation: Community Organization and Non-occupancy Investment in the U.S. Housing Bubble. American Sociological Review, 83(6), 1108–1143. https://doi.org/10.1177/0003122418808212
  85. Yan, J. Z., & Chang, S. (2018). The contingent effects of political strategies on firm performance: A political network perspective. Strategic Management Journal, 39(8), 2152–2177. https://doi.org/10.1002/smj.2908
  86. Xu, D., Zhou, K. Z., & Du, F. (2019). Deviant versus Aspirational Risk Taking: The Effects of Performance Feedback on Bribery Expenditure and R&D Intensity. Academy of Management Journal, 62(4), 1226–1251. https://doi.org/10.5465/amj.2016.0749
  87. Paik, Y., Kang, S., & Seamans, R. (2019). Entrepreneurship, innovation, and political competition: How the public sector helps the sharing economy create value. Strategic Management Journal, 40(4), 503–532. https://doi.org/10.1002/smj.2937
  88. Wang, D., & Luo, X. R. (2019). Retire in Peace: Officials’ Political Incentives and Corporate Diversification in China. Administrative Science Quarterly, 64(4), 773–809. https://doi.org/10.1177/0001839218786263
  89. Wang, Y., Stuart, T., & Li, J. (2021). Fraud and Innovation. Administrative Science Quarterly, 66(2), 267–297. https://doi.org/10.1177/0001839220927350
  90. El Nayal, O., van Oosterhout, J., & van Essen, M. (2021). Ties That Bind and Grind? Investor Reactions to Politician Appointments to Corporate Boards. Journal of Management, 47(2), 456–487. https://doi.org/10.1177/0149206319869440
  91. Gao, C., & McDonald, R. (2022). Shaping Nascent Industries: Innovation Strategy and Regulatory Uncertainty in Personal Genomics. Administrative Science Quarterly, 67(4), 915–967. https://doi.org/10.1177/00018392221112641
  92. McGahan, A. M. (2023). The New Stakeholder Theory on Organizational Purpose. Strategy Science, 8(2), 245–255. https://doi.org/10.1287/stsc.2023.0184
  93. Paine, L. (2023). What Does 'Stakeholder Capitalism' Mean to You? Harvard Business Review.