Reciprocity and informal institutions in international market entry

Boddewyn, Jean J.; Peng, Mike W.

doi:10.1016/j.jwb.2020.101145

Cited by 32 publications

(29 citation statements)

References 124 publications

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“…New institutional economic theory points out that the binding force of informal institution is often more obvious than that of formal institution because of the contagion continuity of informal institution [15]. Therefore, when formal environmental regulations have failed relatively to provide governance effects on environmental issues, the role of informal institution should not be ignored [16,17]. Informal institution generally consists of religion, culture, customs and interpersonal relationships.…”

Section: Introductionmentioning

confidence: 99%

The Impact of Village Rules and Formal Environmental Regulations on Farmers’ Cleaner Production Behavior: New Evidence from China

Liu

2021

IJERPH

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Village rules and formal environmental regulations are of great significance for standardizing farmers’ cleaner production behavior, promoting green transformation of agriculture and realizing sustainable development of agriculture. Based on the survey data of 946 farmers in five provinces of China, taking seed coating technology, soil testing and formulated fertilization technology, subsoiling tillage technology, green technology for pest and disease control and straw returning technology as examples, this article empirically analyzes the impact of village rules and formal environmental regulations on farmers’ cleaner production behavior by using the multivariate probit model. When formal environmental regulations are relatively lacking or weak, village rules can be used as a useful supplement to formal environmental regulations to promote farmers’ participation in cleaner production. Based on this, this article argues that the important reason for formal environmental regulations falling into relative system failure is that village rules have not been paid enough attention in promoting farmers’ cleaner production behavior. In the future, we should not only continue to strengthen the role of formal environmental regulations in farmers’ cleaner production, but also cultivate the informal institution represented by the village rules, and build the regulatory system of mutual support between informal institution and formal institution.

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Section: Introductionmentioning

confidence: 99%

The Impact of Village Rules and Formal Environmental Regulations on Farmers’ Cleaner Production Behavior: New Evidence from China

Liu

2021

IJERPH

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“…It denotes that state-owned firms may have even more difficulties to be successful in international/global markets [29] as there exists animosity between the two countries. Similarly, it is challenging if the market has an obstacle in terms of "informal institutions" [30], which international/global brands must overcome too. These facts allude that uncertainty, like political one, plays an important constraint in the sustainability of international/global business.…”

Section: Sustainability's Challenge 4: Political Uncertainty and Advancement In The New Technologymentioning

confidence: 99%

Sustainability of global and international business operations during the adversity and hardship

Palalić

Hisrich

Dana

et al. 2022

Heritage and Sustainable Development

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The COVID-19 pandemic has altered the way business is conducted. The widespread closure of commercial organizations presents opportunities to reset the way business activities are conducted. Regardless of the organization’s size or its status as a domestic or international firm, due diligence is required to find solutions that will allow firms to sustain their business activities in uncertain times. This study addresses this issue and attempts to identify issues that require urgent attention so that organizations can be effective and efficient in their global operations. In this context, the study proposes three imperatives for global/international businesses to sustain their operations in the long term. These imperatives include having a strong reserve fund, access to a local mutual fund, and networking to form alliances in host countries. Other implications are discussed, and we identify areas for future research.

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“…The tireless efforts of international market mechanisms such as the World Trade Organization (WTO) to promote global fair trade have resulted in a greater number of commercial institutions to internationalise than ever before (Nuruzzaman, Gaur, & Sambharya, 2021). However, as firms strive to expand their market share away from domestic markets, the institutional-based framework (proposed by Peng, Sun, Pinkham, & Chen, 2009) suggests that various socio-cultural and informal institutional factors associated with the destination countries provide additional barriers to firm's success (Boddewyn & Peng, 2021). A factor of particular importance observed in marketing literature that is associated with firm's success during the process of internationalisation is the country-of-origin effect (COO) (Diamantopoulos, Kalajdzicb, & Moschikc, 2020;Lee & Robb, 2019).…”

Section: Introductionmentioning

confidence: 99%

“…For example, Nesdale and Todd (2000) found that factors such as COP and collectivist feelings towards the world's problems in some population groups reduced ethnocentric and patriotic behaviour, whilst Woo (2019) concluded that ethnocentric behaviour remained a burden to the potential success of foreign firms in a particular market. In this regard, it may be assumed that through these shared ideals, certain foreign products may be viewed in a similar way or even receive preferential treatment, when compared with domestic products in some markets (Boddewyn & Peng, 2021). Thus, firms and products emanating from certain countries may receive intangible benefits when they are able to identify markets in which they are perceived by the general populous as being superior or favourable when compared with other foreign brands (Lee & Robb, 2019).…”

Section: Introductionmentioning

confidence: 99%

Relationship amongst cultural openness, world-mindedness, product-country image and purchase intention of Korean and Chinese smartphone products: A case study of the South African consumers

Lee

Robb

2022

South African Journal of Business Management

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This study examines the relationships between cultural openness, world-mindedness (WMD), product-country image (PCI) and the purchase intentions of South African consumers situated in the South African marketplace. In addition, distinctions between PCI and the purchasing intention (PI) concerning smartphones made-in South Korea and China are analysed and discussed as in relation to the South African consumers.Design/methodology/approach: Constructs were measured using a self-administered survey conducted on 355 South African consumers residing in South Africa. A multivariate analysis was conducted to distinguish the differences between South African consumers' perceptions of PCI along with purchase intention towards smartphone products from South Korea and China. Thereafter, the study hypotheses were examined using a structural model for consumer perceptions towards South Korea and China. Findings:The results from the study confirm that both consumer cultural openness and WMD increase the purchase intention and the PCI towards Korean smartphones, whilst only WMD increased the PCI together with the purchase intention towards Chinese smartphones. Findings from the study also suggest that PCI has a considerable effect on the purchase intention of both Korean and Chinese products. Practical implications:This study expects to provide practical marketing knowledge to organisations hoping to understand the South African marketplace when developing and promoting further their PCI and enhancing the PI of their products.Originality/value: This study presents nascent literature on research surrounding the country-of-origin effect in a multicultural African context. It fills an important gap by providing greater clarity with regard to South African consumer purchase intention.

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Reciprocity and informal institutions in international market entry

Cited by 32 publications

References 124 publications

The Impact of Village Rules and Formal Environmental Regulations on Farmers’ Cleaner Production Behavior: New Evidence from China

The Impact of Village Rules and Formal Environmental Regulations on Farmers’ Cleaner Production Behavior: New Evidence from China

Sustainability of global and international business operations during the adversity and hardship

Relationship amongst cultural openness, world-mindedness, product-country image and purchase intention of Korean and Chinese smartphone products: A case study of the South African consumers

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