Abstract We investigate the impact of market‐supporting institutions on business strategies by analyzing entry foreign investors entering emerging economies. apply and advance institution‐based view strategy integrating it with resource‐based considerations. In particular, we show how resource‐seeking are pursued using different modes in institutional contexts. Alternative entry—greenfield, acquisition, joint venture (JV)—allow firms to overcome kinds market inefficiencies related both...

In this paper, we evaluate what have learned to date about the effects of privatization from experiences during last fifteen twenty years in postcommunist (transition) economies and, where relevant, China. We distinguish separately impact on efficiency, profitability, revenues, and other indicators between studies basis their econometric methodology order focus attention more credible results. The effect is mostly positive Central Europe, but quantitatively smaller than that foreign owners...

We model and test the relationship between social commercial entrepreneurship drawing on capital theory. propose that country prevalence rate of is an indicator constructible nation–level enhances likelihood individual entry. further posit both entrepreneurial entry facilitated by certain formal institutions, namely strong property rights (low) government activism, albeit latter impacts each these types differently. apply bivariate discrete choice multilevel modeling to...

This paper argues that the role of informal institutions as well formal ones is central to understanding functioning corporate governance. We focus on four largest emerging economies: Brazil, Russia, India, and China—commonly referred BRIC countries. Our analysis based Helmke Levitsky framework focuses two related aspects governance: firm ownership structures property rights; relationship between firms external investors. argue for China some states "substitutive" institutions, whereby...

We advance research on human capital and entrepreneurial entry posit that, in order to generate value, social entrepreneurship requires different configurations of than commercial entrepreneurship. develop a multilevel framework analyse the commonalities differences between entrepreneurship, including impact general specific capital, national context its moderating effect capital-entrepreneurship relationship. find that is relatively more important effects depend rule law.

abstract ‘Distance’ between organizational contexts has been a prime concern of scholarly research into international business strategies. We extend this by exploring the complementary roles institutional and human resource distances on foreign investors' entry Combining resource‐based theories suggests that: (1) differences complement differences; (2) effects some aspects distance are curvilinear; (3) impact differs first subsequent entries. find empirical support for these arguments unique...

Equity crowdfunding (ECF) offers entrepreneurs an online social media marketplace where they can access numerous potential investors who, in exchange for ownership stake, may supply them with finance. In this paper, we describe the evolution of market UK. Using inductive qualitative longitudinal research design, analyse emerging views and towards ECF. Our interviewees include large small-scale investors, as well participants who have chosen not to invest or raise funds via We find that...

This paper examines the elements of institutional development critical to enhancement company performance in transition economies. includes initial conditions, forms privatization, frameworks and competitiveness markets. Comparing empirical evidence, concludes that there is a clear distinction effectiveness policies followed their impact between Central Europe CIS countries. divergence attributed fundamentally different political attitudes toward reform, need governments gain support for...