Country Institutional Profiles: Unlocking Entrepreneurial Phenomena.

Busenitz, Lowell W.; Gómez, Carolina; Spencer, Jennifer W.

doi:10.2307/1556423

Cited by 938 publications

(392 citation statements)

References 24 publications

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“…Institutional theory provides a framework to analyze the determinants of business strategies in such economies (Peng 2003, Wright et al, 2005). Scott's (1995Scott's ( /2001 three 'pillars of the institutional framework' provide a broad basis to differentiate aspects of countries' institutional profile (Kostova, 1998;Busenitz, 2000) and of institutional distance (Kostova and Roth, 2002). The regulatory pillar of the institutional framework lays out the ground rules for doing business, reflecting the laws and regulations of a region or country and the extent to which these rules are effectively monitored and enforced.…”

Section: Institutional Distance In International Businessmentioning

confidence: 99%

Institutional Distance and International Business Strategies in Emerging Economies

2005

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The concept of 'distance' has been used by international business scholars to explain variations in international business strategies and operations across countries. The more distant a host country is from the organizational centre of a multinational enterprise (MNE), the more it has to manage cultural, regulatory and cognitive differences, and to develop appropriate entry strategies, organizational forms, and internal procedures to accommodate these differences.Scholarly research has focused on the concept of psychic distance, which has been narrowed down in empirical work to indices based on Hofstede's work on culture. However, these measures capture only very partially the dimensions of distance of concern to international business. In this paper, we show how the broader theoretical concept of institutional distance, which incorporates normative, regulatory and cognitive aspects, affects entry strategies. Specifically, our theoretical arguments suggest that the impact of distance varies with different aspects of the concept of institutional distance, and that this impact interacts with both the investor's experience and with the relative importance of the pertinent operation for the investing MNE. Using a unique dataset of foreign direct investment in emerging economies that incorporates multi-host as well as multi-home countries, we find empirical support for our propositions, and provide an explanation for apparently inconsistent results in the previous literature.

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Section: Institutional Distance In International Businessmentioning

confidence: 99%

Institutional Distance and International Business Strategies in Emerging Economies

2005

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“…To facilitate the hypothesis development, we employ a country institutional profile, developed by Scott (1995) and empirically verified by Busenitz, Gòmez, and Spencer (2000), as our foundation for exploring how and why strategies may shift this curve.…”

mentioning

confidence: 99%

Entrepreneurial orientation and SME performance in China’s changing environment: The moderating effects of strategies

Tang

2010

Asia Pac J Manag

113

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Recent research has found an inverted U-shape relationship between entrepreneurial orientation (EO) and firm performance in the Chinese context. Building on Miles and Snow's (1978) strategy framework and Scott's (1995) country institutional profile, we propose that prospector and analyzer strategies align better with entrepreneurial orientation to allow firms to fully benefit from their risk-taking, proactiveness, and innovativeness. Data collected from 155 SMEs in China confirmed that prospector and analyzer strategies alleviated the curve significantly. The defender strategy enhanced the curvilinearity, yet this moderating effect was insignificant. Implications for policy-makers, international businesses, and entrepreneurial firms in China are discussed.

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“…Therefore, this paper puts forward Proposition 2. A good institutional environment can promote entrepreneurship [29]. Based on the Porter [30] Hypothesis, Ramanathan et al [31] suggest that flexible environmental regulations that encourage enterprises to innovate can drive enterprises to dynamic innovation and have a positive impact on their performance and sustainability.…”

Section: Mechanism Analysis On Green Entrepreneurship Guided By Policmentioning

confidence: 99%

“Green Ocean Treasure Hunting” Guided by Policy Support in a Transitional Economy

Sheng

Gao

et al. 2018

Sustainability

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For countries in the process of economic transition, improvement of industrialization is no longer the sole goal of their economic development. While upgrading the level of industrial development, these countries also gradually attach importance to resource utilization efficiency and environmental protection, which is why green entrepreneurship has become increasingly popular in recent years. With the intensification of policy guidance, a new "sea area" named green entrepreneurship ushers in more and more "treasure hunters" exploring "the treasure" therein. Based on this, this paper constructs the model of "Green Ocean Treasure Hunting" for green entrepreneurial enterprises to analyze the role played by their government's relevant policies and puts forward the research proposition of this article based on the relevant literature. On this basis, this paper chooses and analyzes a medium-sized, high-tech enterprise in China which follows a certain typical green entrepreneurial process as evidence of the propositions we have put forward.

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Country Institutional Profiles: Unlocking Entrepreneurial Phenomena.

Cited by 938 publications

References 24 publications

Institutional Distance and International Business Strategies in Emerging Economies

Institutional Distance and International Business Strategies in Emerging Economies

Entrepreneurial orientation and SME performance in China’s changing environment: The moderating effects of strategies

“Green Ocean Treasure Hunting” Guided by Policy Support in a Transitional Economy

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