ŞİRKETLERİN SİYASİ PARTİLERLE BAĞLANTILARININ İKTİDAR DEĞİŞİKLİKLERİNE UYUMLANMASI VE ŞİRKET PERFORMANSINA ETKİLERİ: BİR KURAMSAL ÇERÇEVE ÖNERİSİ

Bu makalede şirketlerin politik bağlantılarının iktidar değişikliği sonrasında nasıl dönüşeceği ve bubağlantıların şirket performansı üzerindeki etkilerine ilişkin bir kuramsal çerçeve geliştirilmektedir. Çerçevede,politik bağlantı stratejileri, iktidar ve/veya muhalefet partileriyle bağlantının gücü ve bileşimi dikkate alınaraksınıflandırılmaktadır. Böylelikle belirlenen dokuz bağlantı stratejisinin her birinin iktidar değişikliği sonrasındadönüşme olasılığıyla, değişiklik sonrası stratejilerin şirket performansına etkilerine dair dokuz hipotezönerilmektedir. Hipotezler geliştirilirken, şirketlerin bağlantı stratejilerini dönüştürmede çeşitli kısıtlayıcımekanizmalarla karşılaştıkları, stratejilerin performansa etkilerinde ise ödüllendirme, cezalandırma ve mesafelidurma mekanizmalarının etkili olduğu varsayılmaktadır. Bu makalede geliştirilen sürece odaklı bir çerçeveyle,ilgili yazına hem bağlantı stratejilerinin dönüşümünün altında yatan mekanizmaları belirginleştirerek hem depolitik bağlantı sorununu yazında betimlenenlerden farklı özellikler gösteren Türkiye bağlamında ele alarakkatkıda bulunulmaktadır. Makalede ayrıca önerilen çerçevenin nasıl geliştirilebileceği tartışılmaktadır

Adaptation of Political Connections of Firms to Change in Government and Its Impact on Firm Performance: A Theoretical Framework

This paper develops a conceptual framework addressing how political connections of firms transform after change in government and its influence on firm performance. The framework classifies political strategies by considering their strength as well as composition regarding connections with ruling and/or opposition parties. Nine hypotheses are developed regarding transformation likelihood of the nine strategies that are identified, and their impact on firm performance. In developing hypotheses, various mechanisms that constrain transforming existing political strategies and mechanisms of rewarding, punishing, and distancing that govern the relationship between political strategies and firm performance are proposed. The paper contributes to extant literature by developing a processual framework that illuminates the mechanisms driving transformation of connection strategies and considering this within the Turkish context which differsfrom those depicted in extant literature. The paper also discusses how the proposed framework can be advanced further.

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