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Reputation and Political Legitimacy: IT T in Chile, 1927-1972

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dc.contributor.authorBucheli, Marcelo
dc.contributor.authorSalvaj, Erica
dc.date.accessioned2015-06-30T16:19:41Z
dc.date.available2015-06-30T16:19:41Z
dc.date.issued2013
dc.description.abstractThe literature on multinational corporations argues that a foreign firm can legitimize its activities, improve its reputation in a host country, and reduce the risk of hostile actions by the host government (including expropriation) by approaching and incorporating influential members of the domestic elite in its business. By using the concept of obsolescing political legitimacy, we argue that this legitimating strategy can lead to a loss of reputation and eventual illegitimacy when the host country undergoes significant social and institutional changes. When these changes take place, the domestic society can perceive that the multinational benefited from a previous social and institutional order increasingly considered as illegitimate. Under these circumstances, the new order will question the legitimacy of the multinational's operations, increasing the risk of expropriation. We illustrate our hypothesis with the case of the political strategies of the International Telephone and Telegraph Company (ITT) in Chile in the twentieth centuryes_CL
dc.format.extent58 páginases_CL
dc.identifier.citationBusiness History Review, 87 (04): 729-­‐756es_CL
dc.identifier.urihttp://hdl.handle.net/11447/101
dc.language.isoen_USes_CL
dc.publisherSchool of Business and Economics, Universidad del Desarrolloes_CL
dc.relation.ispartofseriesPast Working Paper;16
dc.subjectMultinational corporationses_CL
dc.subjectLegitimating strategyes_CL
dc.subjectPolitical legitimacyes_CL
dc.titleReputation and Political Legitimacy: IT T in Chile, 1927-1972es_CL
dc.typeDocumento de trabajoes_CL
dspace.entity.typePublication
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relation.isAuthorOfPublication.latestForDiscoveryb93ce63b-237c-4acc-8cb3-0dcebf0a60cb

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