Missing “society” in institutional approaches as social value creation in India and China
Critical Perspectives on International Business
ISSN: 1742-2043
Article publication date: 4 October 2019
Issue publication date: 22 April 2020
Abstract
Purpose
This viewpoint aims to discuss some potential problems of institutional approaches such as social value creation in India and China.
Design/methodology/approach
In this viewpoint, institutional approaches as social value creation in India and China have been discussed and compared.
Findings
Government-driven institutional approaches may not be efficient because the involvement of political interests would prevail in countries with low institutional quality, firms focusing on international markets need to adopt global guidelines and regulatory guidelines set by governments and private sectors could ignore the differences and needs of various stakeholders.
Originality/value
This viewpoint argues the importance of communications and collaborations among governments, private sectors and other stakeholders in creating social values.
Keywords
Acknowledgements
This study was partially funded by the Social Sciences and Humanities Research Council of Canada (Grant number: 435-2017-0658).
Citation
Oh, C.H. (2020), "Missing “society” in institutional approaches as social value creation in India and China", Critical Perspectives on International Business, Vol. 16 No. 2, pp. 187-191. https://doi.org/10.1108/cpoib-07-2019-0054
Publisher
:Emerald Publishing Limited
Copyright © 2019, Emerald Publishing Limited