簡介／

All English Talk. Lunch Provided for registrees only.

Information about the Professor:
Dr. Seung-Hyun Lee is the Ashbel Smith Professor of organizations, strategy and international management at the Naveen Jindal School of Management in the University of Texas at Dallas. His research interests include how firms manage corruption and uncertainty in a global context as well as the emergence and development of entrepreneurial activities in different countries. In addition to research, he also enjoys teaching business strategy and international management at both undergraduate and graduate levels.

Information about the Talk:
Under a sudden adverse incident vilifying associated politicians, firms lose public approval if they maintain these relationships but jeopardize future benefits stemming from such relationships if they terminate the relationship. For this reason, many firms publicly pledge to cease such a relationship to avoid losing public approval, and instead substitute this relationship with a less visible, opaque channel. However, the dilemma is how long firms should delay returning to the original form of the exchange, as returning too early can jeopardize their public approval. Using the January 6th Capitol riot as our context, we find that a greater extent of the obfuscated exchange via lobbyist contributions allows firms to stand by their vow to withhold PAC contributions to controversial politicians for a more extended period. We also find that those firms with lobbyists trusted by politicians, and those more loosely connected from the perspective of the public maintain their pledge for a longer period. With these findings, we demonstrate that when certain political connections are suddenly condemned, a greater extent of indirect connections through lobbyists allows firms to go for longer periods without maintaining direct connections to controversial politicians.

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