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Author: Markus D. Taussig Publisher: ISBN: Category : Business planning Languages : en Pages : 372
Book Description
"The papers that make up this dissertation aim to marry two extensive academic literatures: i.) the strategy literature, a key tenet of which is that market inefficiencies can be taken advantage of by firms with the right resources; and ii.) the law and finance literature, which shows that strong, predictable government institutions encourage competition and efficient allocation of scarce resources in emerging economies."--Leaf iii.
Author: Markus D. Taussig Publisher: ISBN: Category : Business planning Languages : en Pages : 372
Book Description
"The papers that make up this dissertation aim to marry two extensive academic literatures: i.) the strategy literature, a key tenet of which is that market inefficiencies can be taken advantage of by firms with the right resources; and ii.) the law and finance literature, which shows that strong, predictable government institutions encourage competition and efficient allocation of scarce resources in emerging economies."--Leaf iii.
Author: Svenja Martina Gnosa Publisher: GRIN Verlag ISBN: 3640962508 Category : Business & Economics Languages : en Pages : 29
Book Description
Essay from the year 2011 in the subject Business economics - General, grade: 1,0, course: Global Business Strategy, language: English, abstract: This paper will first outline what the more attractive industries for the base of the pyramid, in order to alleviate their poverty, are. In the next section aspects, which might determine the performance of a corporation in the emerging economies will be examined from a resource‐based point of view. Moreover crucial differences in formal and informal rules between developed and emerging economies from an institutionbased point of view will be illustrated. Finally the argument that aggressively investing in emerging economies is not only economically beneficial but also highly ethical in contradiction to rushing in emerging markets is reckless, will be discussed in depth.
Author: Kyeungrae Oh Publisher: ISBN: Category : Institutional economics Languages : en Pages : 298
Book Description
This dissertation consists of three essays which explore the question of how institutions influence firms' strategy, behaviors, and performance. The notion that institutions matter has been widely investigated and accepted (Acemoglu & Johnson, 2005; North, 1990). This dissertation advances this research by examining finer-grained and comprehensive sets of institutions and by integrating institutions with firms' political strategy. How do institutions matter? Exactly what institutions stimulate or constrain firms' strategic actions and performance? Does institutional underdevelopment lead firms to be politically active? How do nascent market-supporting institutions impact the scope of the firm? How do critical events initiate institutional changes and how do their changes affect firms' strategic actions? I draw on institutional theory to answer these questions. The first essay, "Dual Pressures of Corruption on Multinational Enterprise (MNE) Subsidiaries," applies sociological institutional theory to MNE subsidiaries' in the host country in which they confront different sets of institutions from those in their home country. This essay focuses on how such institutional duality (Kostova & Zaheer, 1999; Westney, 1993) and its distance affect subsidiaries' bribing behavior. I find that it is not only the distance between home and host countries per se that affects how much an MNE bribes when entering a host country, but also the direction of investments. The second essay, "Institutional Transition, Political Behavior, and Firm Performance," uses new institutional economics (NIE) (North, 1990; Williamson, 1975) to integrate economic institutions with firms' political actions such as lobbying and bribing. It explores how weak institutional building in transition economies encourages firms' lobbying and bribing. The results indicate that under weak institutions, firms are more likely to engage in bribing rather than lobbying, while firms are getting more likely to involve in lobbying as institutions evolve to feature more market competition, which indicates that lobbying is a substitute for bribing. The third paper, "Institutions and the Scope of the Firm: Evidence from Nine Asian Countries," resorts to the theoretical arguments rooted in NIE to examine the effects of institutions on the scope of the firm. It theorizes three underlying logics regarding firms' decisions on diversification: internalized institutions, agency problems, and appropriation avoidance. I find that institutions directly affect the scope of the firm after controlling firm-specific factors.
Author: Zhixiang Liang Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
Much of the literature on emerging market Business Group (henceforth BG) views the subject in a monochrome 'paragons or parasites' dichotomy. In these divergent perspectives, BGs have either a positive or negative effect on economic and institutional development. In the paragon view, BGs emerge as an organizing mechanism to address weak institutions by internalizing market transactions. However, with the development of market-supporting institutions, BGs become less efficient and theory predicts their dissolution and replacement with independent freestanding firms. In the parasite view, BGs emerge but develop strong economic and political power, which are used to block the development of market supporting institutions and support their entrenchment in a stagnant domestic economy, consistent with a middle-income trap.The overarching goal of this thesis is to address this dichotomous paradigm and investigate why neither perspective adequately explains the phenomenon of long-lived and efficient BGs. In some economies, BGs emerge, persist, and exhibit increasing efficiency and international competitiveness accompanied by continuing institutional development. More specifically, this thesis aims to offer more nuanced understanding between BGs and their institutional context to understand their resilience during market transitions. The dissertation addresses its theme with three related essays. The first investigates the fundamental source of the emergence and persistence of BG in a shifting institutional environment. Empirical results show that several complementary bundles of management practice differentiate BG affiliates and independent firms in the early phase of development but become less prominent at later stages. The second essay considers the export performance of BG affiliates through organizational capability lens to distinguish between market and nonmarket capabilities. This paper finds support for the hypothesis that BGs utilized superior nonmarket capabilities on enhancing their export performance and suppressing other's internationalization, but these advantages would be mitigated in a jurisdiction with better political and social support. The third essay complements process theories of emerging market BGs internationalization by considering the structural conditions for successful early-stage internationalization. We propose that international political economy origins have long-lasting path-dependent effects on BG strategy and structure and find strong evidence that BG affiliates in Latin America are less likely to export than are those in Asia. The overall implication of the thesis is to present a vibrant picture of BGs in their institutional context. Empirically, this thesis is among the first few to perform empirical research with firm-level microdata BG, collected from the World Bank Enterprise Surveys. The large multi-country dataset allows for a comparative analysis of the issues, while most BG research focuses on single country settings. This thesis contributes a cross-country study using a BG standard definition, thereby adding to a comparative understanding of BG persistence. This thesis also adds to the literature by identifying explicitly non-financial consequences of group affiliation. To sum up, this thesis offers insights for future research on the broader spectrum regarding institutional spheres where BGs associated with and its either positive or negative inter-connections.
Author: Asli Kozan Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
This dissertation looks into performance implications of firms' non-market strategies. It draws attention to the double-blade nature of firms' non-market strategies, as well as the importance for the firm of forming a right portfolio of such strategies. Using insights from social exchange theory and resource dependence theory, it first outlines the conditions under which firms will be subject to rent extraction by politicians. It then looks into the impact of political linkages on firms' financial performance, differentiating between different types of political linkages; which expose a firm to different levels of uncertainty regarding the continuity of exchange with the politician, and different levels of ex-post dependency on the politician. Finally it investigates how community engagement might act as a complement to firms' political linkages, and how such complementarity may help to achieve improved financial returns from those political linkages. The predictions of the essays are empirically tested using a unique longitudinal dataset covering various types of linkages between all politicians and all publicly listed companies in the UK, for the period from 2002 to 2011. Taking a critical stand on the value to be drawn from firms' non-market strategies, this dissertation contributes to strategic management literature, particularly the literature on firms' non-market strategies and their implications on financial performance.
Author: Christoph Thiesbrummel Publisher: ISBN: 9783832536930 Category : Languages : en Pages : 0
Book Description
Scholars and managers alike view service-based strategies as an effective instrument in establishing and sustaining competitive advantage. Particularly, in product-driven firms service-based strategies are associated with a variety of benefits such as increased differentiation of a firm's market offerings and generation of additional revenues as well as profits. However, service-based strategies do not lead to increased company performance per se. Instead, many firms find it difficult to reap the fruits of the service business and successfully exploit its full financial potential. Based on the concept of strategic fit, Christoph Thiesbrummel examines whether and under which conditions service-based strategies, such as service innovation, promote superior performance. The focus of the investigation is on product-driven firms, whose core market offering typically is a physical good. The author employs different methodologies (e.g., configuration analysis) in order to examine the financial outcomes of service-based strategies. The dissertation encompasses five research projects, four empirical studies and one conceptual study, which collectively show that the success of service-based strategies is contingent on contextual factors. Firms thus need to orchestra various company and market characteristics for turning service-based strategies into superior company performance.
Author: Hasan Dinçer Publisher: Emerald Group Publishing ISBN: 1800434464 Category : Business & Economics Languages : en Pages : 259
Book Description
Strategic Outlook in Business and Finance Innovation: Multidimensional Policies for Emerging Economies brings together new theoretical frameworks and develops appropriate strategies to improve the performance of firms globally.
Author: Yeolan Lee Publisher: ISBN: Category : Languages : en Pages :
Book Description
Abstract: This dissertation is comprised of in depth analysis on the broader topic of corporate innovation strategy, which identifies the mechanisms of how firms' factor market strategies shape product market strategies and consequent economic performance. The first chapter builds mathematical models, which show the performance implications of research and development (R&D) mode choices in connection with product market entry strategies. The second essay looks at the economic outcomes of the combination of various choices regarding R&D mode, time-to-market, and product innovativeness based on the pharmaceutical firms' new drug development data. The final essay investigates a fundamental question of this dissertation, specifically, how firms evolve their factor market and product market strategies in response to rivals' actions. Existing studies on the factor market strategy emphasize the use of an appropriate form for R&D to obtain high economic performance (Williamson, 1979). Research on the product market strategy, on the other hand, focuses primarily on the implementation of effective entry strategies to obtain high performance (Lieberman and Montgomery, 1989). Although numerous existing studies have found interesting implications regarding factor market or product market strategies, little effort has been made to reconcile these two types of the corporate innovation strategy. This dissertation investigates the simultaneous effects of factor and product market strategies on economic performance. In the models of this dissertation, firms can choose an R&D mode between in-house and in-license as part of their factor market strategies. For product market strategies, firms can decide on the timing of their new product introduction and the performance of the new products. This dissertation creates these choice sets and examines which choice set leads firms to obtain the highest economic performance. Moreover, a theoretical framework is provided, which explains how both factor market rivalry and product market rivalry evolve over time by interacting with each other. Many prior studies on product market rivalry have documented the existence of mutual forbearance between firms that share overlapping product markets. However, the impact of factor market rivalry on firms' behaviors has been less focused in prior studies. This paper fills this gap in existing research by investigating the impact of factor market and production market rivalries on the entry decisions of firms.
Author: Markus D. Taussig
Author: Markus D. Taussig
Author: Svenja Martina Gnosa
Author: Wei Li
Author: Kyeungrae Oh
Author: Zhixiang Liang
Author: Octavio Jose Martinez Arguello
Author: Asli Kozan
Author: Christoph Thiesbrummel
Author: Hasan Dinçer
Author: Yeolan Lee