The Interrelationships Among Informal Institutions, Formal Institutions, and Inward Foreign Direct Investment

Holmes, R. Michael; Miller, Toyah L.; Hitt, Michael A.; Salmador, M. Paz

doi:10.1177/0149206310393503

Cited by 405 publications

(422 citation statements)

References 190 publications

(234 reference statements)

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“…In particular, this study goes beyond the conventional constructs of country of origin and scrutinizes the roles of subnational region of origin in international business (Kirkman et al, 2017). The findings suggest the importance of research on integrating different dimensions of institutions (Holmes et al, 2013).…”

Section: Contributionsmentioning

confidence: 94%

“…Third, the study assesses if and how rapid upward and downward export expansions generate opposite effects on firm performance and complements the literature that has overly underscored the negative effects of institutional distance and associated concepts (Stahl, Tung, Kostova, & Zellmer-Bruhn, 2016). Fourth, this study advances institutional theory from a locational perspective by examining the joint effect of different aspects of institutions (Holmes, Miller, Hitt, & Salmador, 2013), namely heterogeneity in supranational institutional distance and heterogeneity in subnational institutional quality.…”

Section: Introductionmentioning

confidence: 99%

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Rapid expansion of international new ventures across institutional distance

2018

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Rapid export expansion into institutionally distant locations has become more possible in the era of digital economy. Will such rapid expansion bring desirable outcome to firms? In a context of international new ventures (INVs) from emerging markets, we reconceptualize export expansion speed as the pace of exporting across institutional distance over a certain period of time. We then examine the relationship between rapid export expansion across institutional distance and overall firm performance. We incorporate directionality into export expansion and hypothesize the relationship to be positive when INVs export upwardly to more open countries, yet the relationship to be negative when INVs export downwardly to less open countries. We also hypothesize that the degree of market liberalization in subnational regions of origin of the INVs moderates the above speed-performance relationships. Instrumental variable models based on data of Chinese indigenous INVs during 2000-2009 support these hypotheses. This study both zooms in and zooms out the analytical lens along the location-related institutional axis, examines the joint effect of institutions involved in supranational directions and subnational origins on firm performance, and advances institutional theory.

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Section: Contributionsmentioning

confidence: 94%

Section: Introductionmentioning

confidence: 99%

Rapid expansion of international new ventures across institutional distance

2018

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“…Treating institutions as independent variables, the institution-based view "focuses on the dynamic interaction between institutions and organizations and considers strategic choices as the outcome of such an interaction" (Peng et al, 2009: 66; see also Ahuja & Yayavaram, 2011;Holmes et al, 2012;Kim et al, 2010;Van Essen et al, 2012). As a strategic choice, cross-listing can be viewed as the outcome of such an interaction.…”

Section: An Institution-based View On Cross-listingmentioning

confidence: 99%

“…The institution-based view distinguishes between formal institutions and informal institutions (Holmes et al, 2012;North, 1990;Peng et al, 2009). Emphasizing formal institutions, finance researchers investigating the legal bonding hypothesis tend not to focus on the impact of informal institutions (as critiqued by Licht, Li, & Siegel, 2011).…”

Section: An Institution-based View On Cross-listingmentioning

confidence: 99%

Cross-listing and the scope of the firm

Peng¹,

Su²

2014

Journal of World Business

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Abstract"What determines the scope of the firm?" is one of the most fundamental questions in strategic management and international business. Yet no previous research has investigated the relationship between the scope of the firm and cross-listing-a firm listing its stock on overseas exchanges. We leverage the resource-based and institution-based views with a focus on cross-listed firms from emerging economies. We predict that cross-listing may result in a narrower product scope in the short run, a wider product scope in the long run, an expanded geographic scope overall, and a higher propensity to engage in mergers and acquisitions in the host country.

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“…More specifically, using secondary data from various sources, Holmes, Miller, Hitt and Salmador (2013) show that informal institutions (e.g. in the form of the cultural dimensions of group collectivism and future orientation (GLOBE dimensions)) influence the formal institutions of a country.…”

mentioning

confidence: 99%

Methodological Issues in Studying Cultural Dimensions with Special Reference to Educational Context

Alshahrani

2017

SSRN Journal

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The aim of this review was to evaluate certain methodological issues related to the measurement of cultural dimensions and their effects with special reference to educational contexts. Using Google Scholar with the exact topics as search terms, 50 research reports were obtained. The results obtained from the critical analysis of the methodologies used in these reports are discussed in this review. Most studies were on power distance and individualism/collectivism dimensions of culture. A large number of conceptual frameworks and as many as 121 measurement instruments have been proposed by different workers. Research approach in any particular study is determined by the framework and the instrument chosen or self-developed instruments. Surveys and interviews are more commonly used. Not estimating internal consistency or reliability tests in some works makes it difficult to judge the validity of the method of data analysis. Generally the sample size is in the range of 200-500 participants in surveys. Small sample sizes used in a few works may affect the validity and applicability of their findings. It is concluded that large groups of scientists doing a common research programme across several countries is better than individual researches. Meta-analyses are also superior to individual researches. Such methods ensure validity and replicability of the findings. Although none of the research used scenario analysis, it is also a promising method.

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The Interrelationships Among Informal Institutions, Formal Institutions, and Inward Foreign Direct Investment

Cited by 405 publications

References 190 publications

Rapid expansion of international new ventures across institutional distance

Rapid expansion of international new ventures across institutional distance

Cross-listing and the scope of the firm

Methodological Issues in Studying Cultural Dimensions with Special Reference to Educational Context

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