Abstract
Corporate political activity (CPA) is one of the most prolific academic literatures which examines the political behaviors of corporations. CPA researchers often define it as a non-market strategy which corporations can engage in to influence political outcomes that complement their market objectives. In this paper I argue that, despite continuous theoretical development, CPA has not kept pace with changes in the political role and behaviors of corporations, particularly multinational corporations (MNCs), which has resulted in an inaccurate view of the corporate political environment. Therefore, CPA theory ought to be updated to be more descriptively and theoretically accurate.
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