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Managing institutional voids: A configurational approach to understanding high performance antecedents

Published on Apr 1, 2018in Journal of Business Research 4.03
· DOI :10.1016/j.jbusres.2018.03.022
Esteban Brenes12
Estimated H-index: 12
(INCAE Business School),
Luciano Ciravegna13
Estimated H-index: 13
('KCL': King's College London),
Caleb A. Pichardo2
Estimated H-index: 2
(INCAE Business School)
Cite
Abstract
Abstract This study analyzes the known antecedents of firm performance in emerging markets. It proposes a configurational approach for identifying the combinations of antecedents that are equifinally linked to high performance under different levels of institutional voids. The paper examines a sample of 200 firms based in 12 economies, focusing on the role of family management, vertical integration, firm size, internationalization and collaboration with other organizations. This study extends the research agenda on strategy and performance in emerging markets through a novel methodological approach, focusing on asymmetric and equifinal causal relationships. It examines an understudied region (Latin America) and industry (Agribusiness).
  • References (87)
  • Citations (4)
Cite
References87
Newest
Published on Dec 1, 2017in Journal of World Business 5.79
Alvaro Cuervo-Cazurra32
Estimated H-index: 32
(NU: Northeastern University),
Luciano Ciravegna13
Estimated H-index: 13
(University of Cambridge)
+ 1 AuthorsLuis López7
Estimated H-index: 7
(INCAE Business School)
We analyze the impact of home country uncertainty on the internationalization-performance relationship of emerging market firms. Building on organizational learning theory and the institutional approach, we argue that internationalization has a positive impact on the performance of emerging market firms, and that this relationship is strengthened for firms based in emerging countries with higher corruption and political risk. The reason is that by being exposed to high levels of home country unc...
Published on Jun 1, 2017in Journal of World Business 5.79
Ruth V. Aguilera34
Estimated H-index: 34
(Ramon Llull University),
Luciano Ciravegna13
Estimated H-index: 13
(INCAE Business School)
+ 1 AuthorsMaria Alejandra Gonzalez-Perez7
Estimated H-index: 7
(EAFIT University)
Abstract Latin America is an under-researched region that has the potential to yield new and important insights on the internationalization of firms from emerging markets, particularly as compared with the experience of firms from other regions. At the same time, some of the unique features of Latin America are generating new ideas that contribute to a better understanding of how the home country influences the behavior of firms in general and their foreign expansion in particular. In this artic...
Published on May 1, 2017in Journal of Management Studies 5.84
Andrew Delios37
Estimated H-index: 37
(NUS: National University of Singapore)
Published on Apr 1, 2017in Industrial Marketing Management 4.78
Esteban Brenes12
Estimated H-index: 12
(INCAE Business School),
Luciano Ciravegna13
Estimated H-index: 13
(INCAE Business School),
Arch G. Woodside51
Estimated H-index: 51
(International University of Monaco)
Abstract This study advances the proposition that applying core tenets of complexity theory is useful for solving the “crucial problem” in strategic management—describing, explaining, and predicting firm heterogeneity. The study describes the core tenets (e.g., the necessity of constructing models for cases with relationship reversals to a significant main effect—cases occur whereby both high and low scores of an antecedent condition indicate high scores in an outcome condition; asymmetric model...
Published on Jan 1, 2017in Journal of Management 9.06
Vilmos F. Misangyi15
Estimated H-index: 15
,
Thomas Greckhamer12
Estimated H-index: 12
(LSU: Louisiana State University)
+ 3 AuthorsRuth V. Aguilera34
Estimated H-index: 34
(Ramon Llull University)
Causal complexity has long been recognized as a ubiquitous feature underlying organizational phenomena, yet current theories and methodologies in management are for the most part not well-suited to its direct study. The introduction of the Qualitative Comparative Analysis (QCA) configurational approach has led to a reinvigoration of configurational theory that embraces causal complexity explicitly. We argue that the burgeoning research using QCA represents more than a novel methodology; it const...
Published on Dec 1, 2016in Journal of Retailing 3.67
Oliver E. Williamson70
Estimated H-index: 70
(UC: University of California)
The study of the governance of economic organization has become a lively and diverse field of research over the last four decades. This chapter describes the fundamental ideas of Transaction Cost Economics (TCE) as these evolved in the 1970's to offer a methodology through which to analyze how the governance of economic organization has economizing consequences.
Published on Oct 1, 2016in Journal of Business Research 4.03
Esteban Brenes12
Estimated H-index: 12
(INCAE Business School),
Arnoldo R. Camacho2
Estimated H-index: 2
(INCAE Business School)
+ 1 AuthorsCaleb A. Pichardo2
Estimated H-index: 2
(INCAE Business School)
This paper explores the economic trends of Latin America, highlighting their influences on the strategies and behaviors of different types of businesses. It introduces a Special Issue featuring a selection of the best papers presented at the Sixth International Conference on Strategic Management in Latin America, held at INCAE Business School in 2015. The theme for this Conference was: “Strategies for Growth, Regional Expansion and Global Competition”. The Conference provided a big opportunity t...
Published on Oct 1, 2016in Journal of Business Research 4.03
Luciano Ciravegna13
Estimated H-index: 13
(INCAE Business School),
Esteban Brenes12
Estimated H-index: 12
(INCAE Business School)
This case discusses Selectos, a retail chain based in El Salvador, which was put under severe strain when Walmart entered its domestic market, threatening the leading position it had acquired through many decades of investment. The case illustrates that Selectos succeeded in competing Vis a Vis Walmart because it implemented the principles of high reliability organizations. First, before Walmart entered the market, the Salvadoran company invested time and financial resources to audit its routine...
Published on Sep 1, 2016in Business & Society 5.01
Theodore A. Khoury8
Estimated H-index: 8
(PSU: Portland State University),
Ajnesh Prasad12
Estimated H-index: 12
(Tec: Monterrey Institute of Technology and Higher Education)
To encourage new research on the role of institutions in the entrepreneurial process in less developed countries (LDCs), the authors propose a conceptual framework to investigate concurrent institutional constraints. The authors define these constraints as geopolitical contexts that encounter simultaneous challenges to well functioning formal and informal institutions. Systems of stronger institutions compensating for weaker institutions are hampered in these settings and such systems weigh heav...
Published on Apr 1, 2016in Journal of Business Research 4.03
Anderson Konan Seny Kan1
Estimated H-index: 1
(Toulouse Business School),
Emmanuel Adegbite11
Estimated H-index: 11
(University of Birmingham)
+ 1 AuthorsMahamat Abdellatif1
Estimated H-index: 1
(Paul Sabatier University)
Researchers now use qualitative comparative analysis (QCA) beyond its original purposes in political and sociological sciences and apply this method of analysis in the field of management. This article offers a comprehensive and critical review of all the uses of QCA in management studies up until February 2015. This study shows how QCA extends beyond an empirical technique and how this method offers a genuine formalization of qualitative analysis, which opens new ways of knowledge production in...
Cited By4
Newest
Published on Apr 1, 2019in Journal of Small Business Management 3.12
César Pino1
Estimated H-index: 1
,
Christian Felzensztein17
Estimated H-index: 17
,
Sylvie Chetty
Published on Dec 1, 2018in International Business Review 3.64
Luciano Ciravegna13
Estimated H-index: 13
(INCAE Business School),
Olli Kuivalainen19
Estimated H-index: 19
(University of Manchester)
+ 1 AuthorsLuis López7
Estimated H-index: 7
(INCAE Business School)
The literature on international business and international entrepreneurship provides multiple explanations for early internationalization. Using fuzzy-set qualitative comparative analysis, this study examines the antecedents of early internationalization for small firms based in a small economy, focusing on entrepreneurs’ attitudes toward the economic opportunities available in their domestic market, the risk of internationalizing, and the profitability of entering foreign markets. Three additio...
Published on Oct 1, 2018in Journal of Business Research 4.03
Constanza Bianchi20
Estimated H-index: 20
(UAI: Adolfo Ibáñez University),
Santiago Mingo (UAI: Adolfo Ibáñez University), Viviana Fernandez6
Estimated H-index: 6
(UAI: Adolfo Ibáñez University)
Abstract The Seventh International Conference on Strategic Management in Latin America (SMLA), co-sponsored by Universidad Adolfo Ibanez and the Journal of Business Research , was held on January 5 and 6, 2017, in Santiago, Chile. The theme of the conference was Challenges for Latin American Firms in a Changing World . Technological innovation, digital networks, in addition to changes in national business settings, have led to significant transformations in business models, innovation processes,...
Published on Aug 1, 2018in Journal of Business Research 4.03
Luciano Ciravegna13
Estimated H-index: 13
(INCAE Business School),
Sumit K. Kundu23
Estimated H-index: 23
(College of Business Administration)
+ 1 AuthorsLuis López7
Estimated H-index: 7
(INCAE Business School)
Abstract Competing theories explain the timing of internationalization and its implications. In this study, we propose that the timing stems from complex combinations of drivers, and provide a typology of strategic types of internationalization in relation to these drivers: entrepreneurial, serendipitous, and strategic internationalization. We discuss how these strategic types affect the subsequent outcomes of internationalization. Strategic internationalizers choose markets and entry modes usin...