The Role of the State in Asian Business Systems

Carney, Richard W.; Witt, Michael A.

doi:10.1093/oxfordhb/9780199654925.013.025

Cited by 25 publications

(27 citation statements)

References 49 publications

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“…According to Carney and Witt (2012) and Whitley (2003), states influence their economies in three fundamental ways. First, Zhang and Whitley (2013) note that the state's dominance of the national economic system is determined by the extent to which it is directly and actively involved in economic production, usually through majority or minority state-owned enterprise.…”

Section: Role Of the Statementioning

confidence: 99%

“…We draw on Carney and Witt (2012) and Whitley (2003) and consider four types of states. When the state sets and enforces the rules of the game, particularly the protection of property rights, it is referred to as a Regulatory State.…”

Section: Role Of the Statementioning

confidence: 99%

“…Experts were asked whether the state meddles in the private sector through regulation, political networks, financial resource provision, and participation in corporate governance (indirect dominance) World Governance Indicators (2015) Heritage Foundation Economic Freedom Index (2015) Type of state Experts were asked about the overall posture of the state toward the economy: regulatory, welfare, developmental, and/or predatory (Carney and Witt, 2012) Chrisman, 2009), founding families run their businesses directly instead of relying on professionalized management (Peng & Jiang, 2010). Management is often related to the holding family, and in fact, the state is sometimes an extension of dominant families as is the case in some Middle Eastern countries (according to the expert panel of our study).…”

Section: State Indirect Interventionmentioning

confidence: 99%

“…In this case, it was clear that while Kenya's equity and credit markets should be coded as 0, family wealth should be coded as 1. When it comes to the type of state element, prior studies indicate some countries may exhibit more than one type (Carney & Witt, 2012). Hence, we coded a separate dichotomous variable for each of the four state types.…”

Section: Analytical Proceduresmentioning

confidence: 99%

See 3 more Smart Citations

Varieties of institutional systems: A contextual taxonomy of understudied countries

Fainshmidt

Judge

Aguilera

et al. 2018

Journal of World Business

294

268

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Section: Role Of the Statementioning

confidence: 99%

Section: Role Of the Statementioning

confidence: 99%

Section: State Indirect Interventionmentioning

confidence: 99%

Section: Analytical Proceduresmentioning

confidence: 99%

See 2 more Smart Citations

Varieties of institutional systems: A contextual taxonomy of understudied countries

Fainshmidt

Judge

Aguilera

et al. 2018

Journal of World Business

294

268

View full text Add to dashboard Cite

“…This section focuses on the host-country state, as state support to encourage the growth of particular sectors or companies is often important, varies between countries (Hong, Wang and Kafouros, 2015) and influences the presence of foreign companies that seek to gain from those investments (US Department of State, 2015). Numerous typologies exist to capture the state's variable involvement in economic activity, including 'predatory' states (Carney and Witt, 2014), 'state' and 'managed' capitalisms (Schmidt, 2002) and 'segmented business systems' (Wood and Frynas, 2006). Drawing on Whitley's (2005b) typology, we distinguish between 'arm's-length', 'dominant-developmental', 'business-corporatist' and 'inclusive-corporatist' states to highlight fundamental differences between government involvement in economic development and their implications for authority-sharing and employee commitment.…”

Section: The State and Foreign Companies' Access To Host-country Knowmentioning

confidence: 99%

Institutions and the Diversity and Prevalence of Multinationals’ Knowledge‐Augmenting Subsidiaries

Allen

Lange

2017

British J of Management

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Multinational corporations (MNCs) increasingly seek to gain access to, and exploit, locationally specific sources of advanced knowledge and technological capabilities, creating a need to explain (1) the diversity among these facilities and (2) how institutions influence MNCs’ abilities to invest in different subsidiary types. Extending debates on firms’ knowledge‐augmenting activities, the authors integrate institutions into their analytical framework to a greater extent than previous work has done. Moreover, existing contributions provide typologies of R&D subsidiaries. In contrast, the authors focus on a particular subset of subsidiaries, knowledge‐augmenting ones, and put forward a theory to explain their variety and their prevalence, enabling them to identify previously neglected subsidiary types that have important managerial and policy implications. By downplaying the diversity of these subsidiaries, existing work has not been able to capture the full range of managerial challenges as well as the costs and benefits of different subsidiary types to host countries. The authors, therefore, problematize firms’ abilities to gain access to foreign knowledge‐generating assets, highlight the importance of institutional environments, provide policy recommendations and identify areas for future research.

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Environmental strategy in the global banking industry within the varieties of capitalism approach: The moderating role of gender diversity and board members with specific skills

Gallego‐Álvarez

Pucheta‐Martínez

2019

Bus Strat Env

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This research sets out to analyse environmental disclosure in the banking industry by considering the varieties of capitalism framework. This approach is concerned with the way companies interact strategically to resolve coordination issues arising from their operations, and it is supported by prior research. This is a fruitful perspective for exploring the association between country-level factors and disclosure by firms, such as environmental reporting. This research is based on an international sample of countries operating in coordinated market economies (CMEs) and liberal market economies (LMEs). The results obtained show that financial institutions operating in CME countries are involved in more environmental matters than banks domiciled in LME countries. As regards the moderating variables, the evidence shows that women on the boards of banks in CME countries encourage the reporting of environmental information, as predicted. Nonetheless, and contrary to our expectations, members with specific skills on boards within CME cultures do not favour greater disclosure of environmental information compared with those on boards of banks operating in LME contexts. KEYWORDSbanking industry, board members with specific skills, coordinated market economies, environmental disclosure, gender diversity, liberal market economies, varieties of capitalism

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The Role of the State in Asian Business Systems

Cited by 25 publications

References 49 publications

Varieties of institutional systems: A contextual taxonomy of understudied countries

Varieties of institutional systems: A contextual taxonomy of understudied countries

Institutions and the Diversity and Prevalence of Multinationals’ Knowledge‐Augmenting Subsidiaries

Environmental strategy in the global banking industry within the varieties of capitalism approach: The moderating role of gender diversity and board members with specific skills

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