Summary
Contents
Subject index
What factors affect the choice of political advocacy strategies by business firms? What agents do they use to influence the business and governmental environment? When should a corporation employ an outside agent such as a trade association, or rely on an in-house public affairs manager? In Corporate Political Agency, Mitnick brings together leading scholars to present a first-ever comprehensive overview of the burgeoning phenomenon of corporate political agency. Beginning with the basic theoretical concerns of understanding the competitive nature of the democratic system, this collection moves on to the practical considerations of choosing the means for political intervention and whether the various forms of public affairs activity chosen actually work as intended. Political and organizational science scholars, policymakers, and managers will find this book an essential resource on political activism in the business world. “Corporate Political Agency makes an important contribution to our theoretical and empirical analysis of the political role and impact of the contemporary business corporation. Business scholars, management practitioners, and public policy decision makers alike will be indebted to Professor Barry Mitnick for assembling in this comprehensive volume significant current research by himself and other leading scholars in the business and public policy field. The book enhances our understanding of the corporation in American politics as we approach the 21st century.” –Edwin M. Epstein, Haas School of Business, University of California, Berkeley “Barry Mitnick helped develop agency theory. This book applies the concept to corporate political activity in ways that are indispensable to teachers and researchers. This is a ‘must read’ book. “This is an outstanding collection of papers on the application of agency theory to corporate political action. Barry Mitnick has clearly moved the field forward. “Our understanding of corporate political activity has been ‘long on story, short on theory.’ This book takes a big step toward closing that gap. Readers will be richly rewarded by the papers in this volume. “Corporate political activity is an enormously important subject in the 1990s. It is also widely misunderstood. The papers in this book shed a great deal of light on business and politics through the use of agency theory. Sound concepts, clear thinking, and good writing make this a very useful addition to your library.” –James E. Post, Boston University
Selecting an Organizational Structure for Implementing Issues Management: A Transaction Costs and Agency Theory Perspective
Selecting an Organizational Structure for Implementing Issues Management: A Transaction Costs and Agency Theory Perspective
Social and political issues continue to increase their importance to a corporation's successful pursuit of its overall strategic goals. In turn, corporate response to these issues takes on increased importance (Baysinger 1984; Yoffie and Bergenstein 1985; Keim and Zeithaml 1986; Littlejohn 1986; Marx 1986; Buchholz and Gale 1987; Marcus, Kaufman, and Beam 1987). These efforts toward corporate “issues management” have led firms to develop systems for identifying and evaluating external issues and developing administrative capabilities to respond to these issues (Post et al. 1983; Marcus 1984; Andrews 1985; Wartick and Rude 1986; Mahon and Post 1987).
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