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Institutions,resources, and entrystrategies inemerging economies Klaus E. MeyerSaul EstrinSumon Kumar Bhaumik2008 год

Institutions, resources, and entry strategies in emerging economies
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Аннотация: Abstract We investigate the impact of market‐supporting institutions on business strategies by analyzing the entry strategies of foreign investors entering emerging economies. We apply and advance the institution‐based view of strategy by integrating it with resource‐based considerations. In particular, we show how resource‐seeking strategies are pursued using different entry modes in different institutional contexts. Alternative modes of entry—greenfield, acquisition, and joint venture (JV)—allow firms to overcome different kinds of market inefficiencies related to both characteristics of the resources and to the institutional context. In a weaker institutional framework, JVs are used to access many resources, but in a stronger institutional framework, JVs become less important while acquisitions can play a more important role in accessing resources that are intangible and organizationally embedded. Combining survey and archival data from four emerging economies, India, Vietnam, South Africa, and Egypt, we provide empirical support for our hypotheses. Copyright © 2008 John Wiley & Sons, Ltd.
Год издания: 2008
Авторы: Klaus E. Meyer, Saul Estrin, Sumon Kumar Bhaumik, Mike W. Peng
Издательство: Wiley
Источник: Strategic Management Journal
Ключевые слова: International Business and FDI, Corporate Finance and Governance, Private Equity and Venture Capital
Другие ссылки: Strategic Management Journal (HTML)
RePEc: Research Papers in Economics (PDF)
RePEc: Research Papers in Economics (HTML)
Aston Publications Explorer (Aston University) (HTML)