Understanding the relationship between government policy and organizational performance is an increasingly prominent area of research that has both applied and theoretical implications. I review the recent scholarship published in top management journals that analyzes government-business interaction. From this review, I develop an organizing framework for this research that categorizes the studies according to whether the research assumes (1) that government is sovereign or subordinate to firms, and (2) whether the government makes rent-seeking or market-making interventions in the economy. This framework allows us to identify the convergence of the main research strands into specific themes, such as corporate political activity, comparative political analyses and government-driven diffusion of practice. Moreover, by loosening the assumptions on government sovereignty and intervention, I propose novel avenues for future research, such as the incorporation of international regulatory diffusion in comparative political studies or the generation of corporate political strategy for constructive social outcomes.
Available at: http://works.bepress.com/robertogalang/7/