TY  - JOUR
AB  - Purpose The purpose of this paper is to analyze the main contributions of the new institutional economics to the international business (IB) arena. It also intends to show how the NIE is being incorporated to both eclectic paradigm and Uppsala school’s view, and how it is modifying them.Design/methodology/approach A range of IB articles, which contained an institutional view and also discussed the eclectic paradigm or the Uppsala school, provides the background to build a framework.Findings This paper proposes a framework showing the impact of the institutional variables on the internationalization of firms, by addressing both the OLI paradigm and Uppsala school. It also concludes that the institutional theory has been a point of intersection between the OLI paradigm and Uppsala school, since both have been renewed to understand the transaction costs borne by the firms in their international learning process and in the search for less asymmetrical information.Research limitations/implications This paper provided a brief discussion about the institutional components.Practical implications This study is a useful source of information for those who want to discuss the institutional impact in the IB arena and emerging markets.Originality/value This paper summarizes how the OLI paradigm and Uppsala school encompassed the institutional variables. It also presents a framework that allows new study possibilities since the understanding of the influence of institutional variables on the international movements of firms is still cloudy.
VL  - 14
IS  - 5
SN  - 1746-8809
DO  - 10.1108/IJOEM-07-2018-0372
UR  - https://doi.org/10.1108/IJOEM-07-2018-0372
AU  - Silva-Rêgo Bernardo Frossard
AU  - Figueira Ariane Roder
PY  - 2019
Y1  - 2019/01/01
TI  - New institutional economics: contributions to international business studies
T2  - International Journal of Emerging Markets
PB  - Emerald Publishing Limited
SP  - 1102
EP  - 1123
Y2  - 2024/09/19
ER  -