Reputation and Political Legitimacy: ITT in Chile, 1927–1972

  title={Reputation and Political Legitimacy: ITT in Chile, 1927–1972},
  author={Marcelo Bucheli and Erica Salvaj},
  journal={Business History Review},
  pages={729 - 756}
The 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… 
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