Asian Business Systems: Institutional Comparison, Clusters, and Implications for Varieties of Capitalism and Business Systems Theory

Witt, Michael A.; Redding, Gordon

doi:10.2139/ssrn.2104088

Cited by 50 publications

(93 citation statements)

References 49 publications

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“…Alternatively, more fragmented labor markets may bring about higher employee turnover and flexibility (Witt & Redding, 2013). In many countries outside the OECD original members, labor markets are often inefficient and internal to business groups or state owned enterprises.…”

Section: Role Of Human Capitalmentioning

confidence: 99%

“…In such contexts, labor is usually less effectively coordinated into collective action, and the organizing principle is many times based on connections to political and/or family elites (Aguilera & Judge, 2014). Still, as Witt and Redding (2013) sustain, there is considerable variance among these nations in this regard. Hence, we include coordination with labor as an important element within this human capital dimension.…”

Section: Role Of Human Capitalmentioning

confidence: 99%

“…Indeed, as noted by Witt and Redding (2013), if we were to wait for all the data needed to study Asian, African, Latin American, East European, and Middle Eastern countries, we would be waiting for a very long time. To overcome this paucity of reliable data, we undertook two steps.…”

Section: Data Collectionmentioning

confidence: 99%

“…Alternatively, the NBS typology focuses on "distinctive ways of structuring economic activities with different kinds of actors following contrasting priorities and logics" (Whitley, 1998: 449); and encompasses institutions pertaining to the state, financial markets, human capital, and social capital. While both typologies have proven useful in explaining the nature and consequences of systemic variation, especially in developed economies (e.g., Witt & Redding, 2013;Hotho, 2014;Schneider & Paunescu, 2012), they are often not wellsuited for characterizing the increasingly significant group of newly-developed, emerging, and developing economies. Notably, emerging and developing economies encompass most of the world's population and, since 2013, the majority of global purchasing power (Economist, 2013).…”

Section: Introductionmentioning

confidence: 99%

“…Similarly, NBS is not wellsuited to depict many economic systems around the world where different types of state and family capitalism have recently emerged (Musacchio, Lazzarini, & Aguilera, 2015;Lane, 2008;Tsui-Auch & Lee, 2003). Our framework remedies this omission by adding new institutional dimensions to VOC and NBS particularly relevant to Asian, East European, African, Middle Eastern, and Latin American contexts (e.g., Hearn, 2015;Nölke & Vliegenthart, 2009;Witt & Redding, 2013;Schneider, 2009).…”

Section: Introductionmentioning

confidence: 99%

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Section: Role Of Human Capitalmentioning

confidence: 99%

Section: Role Of Human Capitalmentioning

confidence: 99%

Section: Data Collectionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Cross‐national differences in stakeholder management: Applying institutional theory and comparative capitalism framework

et al. 2021

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Drawing upon the research in institutional theory and comparative capitalism, the present study investigates how cross-national differences in the political, business, and economic institutional contexts of the United States, Italy, and Japan are associated with the ways in which companies in each of these countries prioritize and engage in their stakeholder engagement activities (SEAs). Using Porter and Kramer's framework, which classifies corporate social responsibility (CSR) activities as falling into four categories (good citizenship, mitigating harm from value chain, transforming value chain activities, and strategic philanthropy), we investigate how companies in the United States, Japan, and Italy prioritize and engage in these fourSEAs. An analysis of data collected from 340 companies across these countries reveals that while companies in each of these three countries undertake the four types of SEAs, the prioritization and prevalence of the four types of SEAs vary from one country to the other, in ways that align with the prevailing institutional contexts of each country. The results contribute to a more nuanced understanding of why and how companies' approaches to CSR differ across countries. From a practitioner's perspective, the findings highlight the cultural specificity of CSR, implying that despite the global nature of CSR, the implementation of CSR needs to be tailored to a country's context.

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Corporate social responsibility penetration, explicitness, and symbolic communication practices in Asia: A national business system exploration of leading firms in sustainability

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Vollero

Covucci

et al. 2020

Corp Soc Responsibility Env

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The study explores whether the penetration, explicitness, and symbolic corporate social responsibility (CSR) communication practices of organizations are associated with the characteristics of the countries to which they belong. By focusing on the national business systems (NBSs) of Asian countries, the study analyzes the websites of companies based in Japan, the Republic of Korea, Mainland China, and Hong Kong, to address strategic-operational (penetration), discretionary-non-discretionary (explicitness), and substantial-symbolic (symbolic practices) dimensions of CSR communication. The findings suggest that online CSR communication in Asian mirrors national business profiles. In particular, CSR penetration and explicitness in companies located in different Asian countries vary, whereas CSR symbolic communication does not appear to be related to the specifics of each NBS. The research extends the understanding of CSR communication in Asia based on the NBS theory. The findings can indicate to Asian managers how they can make CSR communication more effective, in terms of penetration and explicitness, and how to avoid symbolic CSR practices. K E Y W O R D S Asia, CSR explicitness, CSR penetration, CSR symbolic practices, NBS

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Asian Business Systems: Institutional Comparison, Clusters, and Implications for Varieties of Capitalism and Business Systems Theory

Cited by 50 publications

References 49 publications

Varieties of institutional systems: A contextual taxonomy of understudied countries

Varieties of institutional systems: A contextual taxonomy of understudied countries

Cross‐national differences in stakeholder management: Applying institutional theory and comparative capitalism framework

Corporate social responsibility penetration, explicitness, and symbolic communication practices in Asia: A national business system exploration of leading firms in sustainability

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