Corporate political ties and state capitalism

Corporate political ties serve as a significant channel for business-government interactions and represent a prominent feature of state capitalism. Given the burgeoning scholarly interests in this topic over the last few decades, we identify the latest insights that emerge from this literature, with an emphasis on the strategy and performance implications of corporate political ties. We first define the scope of our overview of corporate political ties, noting the relevance of other forms of corporate political activity and state capitalism. We next review several important theoretical perspectives that have been used to study corporate political ties. This is followed by a detailed review of the recent research on the strategy and performance implications of corporate political ties and the emergent insights into the benefits and costs of corporate political ties. We conclude this chapter by proposing several directions and suggestions for future research.