The Political Connections and Firm Performance on Global Fortune 500 Oil and Gas Companies
Abstract
The purpose of this research is to highlight the significance of the paradox of corporate political ties on business performance. Corporate - political affairs are said to provide a resource-based and competitive advantage in a wide range of industries. Effect through corporate boards of directors has been discovered in many high-performing industries, and it is believed to be economically beneficial to the country. Previously, political affiliations were always used as an independent variable to explore their relationship with business indicators such as company performance, corporate actions, and exclusive rights. In this study, we used 152 data from the Fortune Global 500 between 2012 to 2017 to determine the impact of politics on company success in a particular industry; oil and gas. According to the relationship hypothesis, strong political connections are more likely to have a favourable impact on business outgoing.
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