Probing Theoretically into Central and Eastern Europe: Transactions, Resources, and Institutions

Published on Nov 1, 2005in Journal of International Business Studies7.72
· DOI :10.1057/palgrave.jibs.8400167
Klaus E. Meyer41
Estimated H-index: 41
(University of Reading),
Mike W. Peng60
Estimated H-index: 60
(UTD: University of Texas at Dallas)
Since the 1990s, Central and Eastern Europe (CEE) has provided unique societal quasi-experiments, which represent opportunities to test the applicability of existing theories in international business and management studies and to develop new ones. Specifically, three lines of theorising have been advanced: (1) organisational economics theories; (2) resource-based theories; and (3) institutional theories. For each of these theories, we discuss how they contribute to the understanding of key issues, such as entry strategies of foreign investors, restructuring strategies of local incumbents, and entry and growth strategies of entrepreneurs. On this basis, we assess how CEE research has influenced the overall trajectories of theory development. CEE research has in particular highlighted the importance of contextual influences such as institutions. Thus, scholars have aimed at incorporating institutions into theories (such as organisational economics theories and resource based theories) and advancing an institution-based view of business strategy as a complementary perspective. We outline how future research in CEE and other emerging economies may advance this research agenda further.
  • References (142)
  • Citations (511)
Published on Dec 31, 2010
John H. Dunning62
Estimated H-index: 62
Sarianna M. Lundan14
Estimated H-index: 14
This is the second edition of the celebrated volume by Professor John H. Dunning, first published in 1993, which has now been not only updated but also enriched with the addition of a number of new topics. This addition was not least due to the expertise of the co-author, Sarianna Lundan, in the institutional aspects of international business and the internal governance of transnational corporations (TNCs). It is a comprehensive synthesis of all the theories in International Business based on ex...
Published on May 29, 2008
Saul Estrin43
Estimated H-index: 43
(LBS: London Business School),
Klaus E. Meyer41
Estimated H-index: 41
(University of Reading),
Maria Bytchkova3
Estimated H-index: 3
(LBS: London Business School)
Published on Apr 1, 2008in Business and Politics
Barak D. Richman11
Estimated H-index: 11
(Duke University),
Jeffrey T. Macher16
Estimated H-index: 16
(Duke University)
This paper provides a comprehensive review of the empirical literature in transaction cost economics (TCE) across multiple social science disciplines and business fields. We show how TCE has branched out from its economic roots to examine empirical phenomena in several other areas. We find TCE is increasingly being applied not only to business-related fields such as accounting, finance, marketing, and organizational theory, but also to areas outside of business including political science, law, ...
Published on Jan 1, 2005in Journal of Management Studies5.84
Mike Wright97
Estimated H-index: 97
(University of Nottingham),
Igor Filatotchev46
Estimated H-index: 46
('KCL': King's College London)
+ 1 AuthorsMike W. Peng60
Estimated H-index: 60
(OSU: Ohio State University)
This review and introduction to the Special Issue on 'Strategy Research in Emerging Economies' considers the nature of theoretical contributions thus far on strategy in emerging economies. We classify the research through four strategic options: (1) firms from developed economies entering emerging economies; (2) domestic firms competing within emerging economies; (3) firms from emerging economies entering other emerging economies; and (4) firms from emerging economies entering developed economie...
Published on Oct 1, 2004in Social Science Research Network
Ruta Aidis13
Estimated H-index: 13
(UCL: University College London),
Tomasz Mickiewicz21
Estimated H-index: 21
(Aston University)
This paper presents an empirical study based on a survey of 399 small and medium size companies in Lithuania. Applying bivariate and ordered probit estimators, we investigate why some business owners intend to expand their firms, while others do not. Our main findings provide evidence that the characteristics of the owners matter. Those with higher education and 'learning by doing' attributes either through previous job experience or additional entrepreneurial experience are more likely to expan...
Published on Sep 1, 2004in Journal of International Business Studies7.72
Charles Dhanaraj15
Estimated H-index: 15
(IU: Indiana University Bloomington),
Marjorie A. Lyles37
Estimated H-index: 37
(IU: Indiana University Bloomington)
+ 1 AuthorsLaszlo Tihanyi32
Estimated H-index: 32
(OU: University of Oklahoma)
Drawing on organizational learning and economic sociology, we address how relational embeddedness between the foreign parent and international joint venture (IJV) managers influences the type of knowledge (i.e., tacit and explicit) transferred to the IJV, and how the importance of relational embeddedness varies between young and mature IJVs. We also examine the influence of tacit and explicit knowledge on IJV performance. Our results show the importance that tie strength, trust, and shared value...
Published on Jun 1, 2004in Journal of Management9.06
Marjorie A. Lyles37
Estimated H-index: 37
(IU: Indiana University Bloomington),
Todd Saxton9
Estimated H-index: 9
(IU: Indiana University Bloomington),
Kathleen Watson3
Estimated H-index: 3
(CSUSM: California State University San Marcos)
Many formerly controlled economies have undergone discontinuous transformations in their approach to markets, institutional environments, and the role of government in economic activity. We study the factors that affect venture survival in a transitional economy through a two-stage study of private ventures in Hungary. We find that ventures survive under uncertainty, even without significant government support. Industry experience, networking activities, and the strategic orientation of the firm...
Published on Mar 1, 2004in Strategic Management Journal5.57
Mona Makhija10
Estimated H-index: 10
(Max M. Fisher College of Business)
Although the value creating effect of firm restructuring which results in a reduction of internal markets (including spin-offs, carve-outs and other divestitures) is generally well accepted for U.S. firms, there is little evidence on the extent to which such arguments can be extended to firms in emerging economies. This study addresses this void in the literature by examining the issue of restructuring in the newly emerging economy of the Czech Republic. Several hypotheses relating to internal a...
Published on Mar 1, 2004in Asia Pacific Journal of Management2.74
Klaus E. Meyer41
Estimated H-index: 41
(CBS: Copenhagen Business School)
Organizations often find it hard to change their corporate strategy radically, even if the need for change is widely recognized as in the Asian crisis of 1997. Such change requires large numbers of stakeholders to change their individual behavior, yet complex governance structures limit the applicability of agency-based models of governance. Rather, the coordination of stakeholder is at the core of governance during radical environmental change.
Published on Mar 1, 2004in Organization Science3.26
Michael A. Hitt95
Estimated H-index: 95
(A&M: Texas A&M University),
David Ahlstrom37
Estimated H-index: 37
(CUHK: The Chinese University of Hong Kong)
+ 2 AuthorsLilia Svobodina1
Estimated H-index: 1
China and Russia represent major economies in transition from command economies, yet their paths to the market have differed greatly. Their divergent approaches have helped create distinct institutional environments. This study focuses on a particularly important strategic decision firms face-alliance partner selection. The study's results suggest that China's more stable and supportive institutional environment has helped Chinese firms take a longer-term view of alliance partner selection, focu...
Cited By511
Roseline Barbara Easmon (University of Ghana), Adelaide Naa Amerley Kastner1
Estimated H-index: 1
(University of Ghana)
+ 1 AuthorsMahmoud Abdulai Mahmoud3
Estimated H-index: 3
(University of Ghana)
Purpose The purpose of this paper is to understand the direct impact of social capital and the influence of market-based capabilities as intervening variables on the export performance of small and medium-sized enterprises (SMEs) in Ghana. Design/methodology/approach Questionnaire-based survey was used to collect data from top executives and senior managers of exporting companies in Ghana. Data obtained were analysed using the structural equation modelling. Findings The findings revealed that so...
Published on May 15, 2019in Management Research Review
Manami Suzuki (Hosei University), Naoki Ando6
Estimated H-index: 6
(Hosei University),
Hidehiko Nishikawa2
Estimated H-index: 2
(Hosei University)
Purpose This paper aims to investigate three different orientations of recruitment (profession-sensitive, language-sensitive and interculture-sensitive recruitment) and their effect on the foreign subsidiaries of multinational corporations (MNCs). Design/methodology/approach This study examines the relationship among three different orientations of recruitment and knowledge transfer from parent firms to foreign subsidiaries. Data are collected from local managers in MNCs’ subsidiaries operating ...
Weiping Liu (SUFE: Shanghai University of Finance and Economics), Jiatao Li31
Estimated H-index: 31
(HKUST: Hong Kong University of Science and Technology)
The legal and economic institutions in emerging economies normally undergo major changes during the transition to a market economy. The development of legal and economic institutions in such economies is discussed, and two different development paths are analyzed. One relates to economies with relatively better-developed economic institutions, and the other to those with relatively better-developed legal institutions. A series of propositions are developed to explain how different imbalances in ...
Published on Mar 11, 2019in Chinese Management Studies0.94
Qinghua Zhai (ECNU: East China Normal University), Jing Su
Purpose This paper aims to evaluate the progress made in understanding the impact of multi-level institutions on entrepreneurship. Design/methodology/approach Based on scientific articles published between 1992 and 2017, the authors take a unique focus on both institutional theory applied and research topics of this area. Bibliometric method and systematic literature review method are used. Findings The results demonstrate that although institutional theory is well prepared for entrepreneurship ...
Saqib Shamim4
Estimated H-index: 4
(UKC: University of Kent),
Jing Zeng3
Estimated H-index: 3
(UKC: University of Kent)
+ -3 AuthorsSyed Muhammad Shariq1
Estimated H-index: 1
Abstract Drawing from the knowledge-based dynamic capabilities (KBDCs) view, this study examines the association of big data management capabilities with employee exploratory and exploitative activities at the individual level. Furthermore, it also investigates the mediating role of big data value creation in the association of big data management capabilities with exploratory and exploitative activities. The partial least square method was employed to analyse the hypotheses using data collected...
Published on Feb 28, 2019in Journal of International Business Studies7.72
Arkangel M Cordero (UTSA: University of Texas at San Antonio), Stewart R. Miller17
Estimated H-index: 17
(UTSA: University of Texas at San Antonio)
We develop a theoretical framework to explain how political party tenure affects MNE entries into an economy. We leverage insights from the upper echelon and public administration literatures to argue that there is a curvilinear relationship between political party tenure and MNE entries. Moreover, we argue that political parties with an excessive tenure are less responsive to MNEs and more corrupt. Therefore, we further explain the mediating effects of government bureaucratic responsiveness and...
Published on Jul 2, 2019in Management International Review2.69
Shufeng Simon Xiao1
Estimated H-index: 1
(SDNU: Shandong Normal University),
Yong Kyu Lew6
Estimated H-index: 6
(HUFS: Hankuk University of Foreign Studies),
Byung Il Park14
Estimated H-index: 14
(HUFS: Hankuk University of Foreign Studies)
This study combines the resource-based view of the firms and region-based view of the strategy (i.e., a 2R-based view) to shed light on the crucial roles of firm-specific resources and region-specific heterogeneity within the context of China, a large emerging economy. The study explains the variations in internationalization levels among service multinational enterprises (MNEs). Based on a large sample analysis of Chinese service MNEs, our findings demonstrate that MNEs with good cost efficienc...