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Article
Publication date: 8 January 2020

Ruicheng Wang and William Chongyang Zhou

Two types of institutional constraints, namely, institutional voids and policy uncertainty, have been recognised and elaborated, including their influence on new venture…

Abstract

Purpose

Two types of institutional constraints, namely, institutional voids and policy uncertainty, have been recognised and elaborated, including their influence on new venture performance. However, not enough attention has been paid to the multidimensional attribute of institutional transformation. By hinting at a relatively underexplored third type of institutional constraints, i.e. institutional fragility, this paper aims to build a comprehensive framework of institutional constraints to analyse how innovative start-up performance is influenced by institutional constraints.

Design/methodology/approach

Using Chinese manufacturing firms as the empirical sample, the authors use an econometric method to test the relationship between institutional constraints and the performance of innovative start-ups.

Findings

On the basis of a uniquely constructed database from 2005 to 2007, the authors find that institutional constraints are negatively associated with innovative start-up performance proxied by return on assets, sales growth and new product sales.

Originality/value

The study offers researchers and practitioners a detailed view of institutional constraints and innovative start-up performance.

Details

Chinese Management Studies, vol. 14 no. 3
Type: Research Article
ISSN: 1750-614X

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Article
Publication date: 17 July 2017

Fangrong Li and Daniel Ding

This study aims to examine the dual effects of home country institutional forces (i.e. institutional support and institutional constraints) on the internationalization of…

Abstract

Purpose

This study aims to examine the dual effects of home country institutional forces (i.e. institutional support and institutional constraints) on the internationalization of private firms in emerging markets. By doing so, this study aims to examine the applicability of the two seemingly paradoxical views (i.e. the governmental promotion view and the institutional escapism view) in explaining private firms’ internationalization. Further, this study investigates how the effect of the home country institutional environment on firms’ internationalization is contingent upon firm characteristics.

Design/methodology/approach

A sample of Chinese private firms is used to examine the effect of home country institutions on internationalization.

Findings

Empirical findings suggest that both institutional support and institutional constraints promote the internationalization of private firms in emerging markets. Moreover, it is found that firm resources strengthen the effect of government support on internationalization. It is also found that firms’ business ties strengthen the effect of institutional constraint on internationalization, whereas firms’ political ties weaken the effect of institutional constraints on internationalization.

Originality/value

By adopting an integrated and comprehensive investigation of the dual effects of home country institutional environment in emerging markets on internationalization, this study provides evidence to the applicability of the two competing views (i.e. the governmental promotion view and the institutional escapism view) in relation to home country institutional effects on internationalization. In addition, this study examines how institutional effects vary across firms with different resources and social ties, thus extends understandings of the boundary conditions of the two institutional effects.

Details

Multinational Business Review, vol. 25 no. 2
Type: Research Article
ISSN: 1525-383X

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Article
Publication date: 3 July 2017

Theingi Theingi, Hla Theingi and Sharon Purchase

The purpose of this paper is to investigate how institutional mechanisms operate within both formal and informal channels of cross-border remittance.

Abstract

Purpose

The purpose of this paper is to investigate how institutional mechanisms operate within both formal and informal channels of cross-border remittance.

Design/methodology/approach

Face-to-face interviews were conducted with Myanmar migrants mostly working in Thailand. Thematic coding was used to analyze field notes and identify themes in channel member perceptions and institutional environmental process.

Findings

Informal money transfer channels have achieved higher levels of legitimacy when compared to formal channels. Channel legitimacy is a more important attribute than efficiency. Lack of financial infrastructure, such as bank branches and ATM machines particularly in rural or outlying areas of Myanmar, the requirements for formal documentation and language and communication are the major institutional constraints that encourage the development and use of multiple channels in Myanmar. Formal money transfer channels develop with stronger regulative institutional processes, whereas informal money transfer channels develop with stronger cultural-cognitive and normative institutional processes.

Research limitations/implications

Using convenience sample of remitters mainly from one area of Thailand and other channel members from Yangon, the financial capital of Myanmar, may limit the applicability of the findings, which calls for future research.

Practical implications

Banks and money transfer offices need to improve legitimacy perception within migrant communities by building stronger networks with local banks and international banks. They could provide Myanmar speaking front-line service personnel and include brochures in the Myanmar language to improve the communication process. The findings and recommendations from this study are also applicable to informal channels and formal financial institutions in other ASEAN countries that are preparing to make investments in Myanmar. Moreover, Myanmar banks should also consider opening branches to cater for Myanmar workers in ASEAN, especially in Thailand, Singapore and Malaysia.

Originality value

This paper applies institutional theory within channels, investigates the context of a financial channel rather than a product channel, addresses the importance of institutional environmental mechanisms and constraints in influencing channel behavior and is embedded in the situational context of Myanmar, a newly opened South-East Asian economy where little prior research has been conducted.

Details

Journal of Business & Industrial Marketing, vol. 32 no. 6
Type: Research Article
ISSN: 0885-8624

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Article
Publication date: 1 October 2018

Bakari Maligwa Mohamed, Geraldine Arbogast Rasheli and Leonada Rafael Mwagike

The purpose of this study was to identify and assess the regulatory and institutional constraints in managing procurement records in Tanzania’s procuring entities.

Abstract

Purpose

The purpose of this study was to identify and assess the regulatory and institutional constraints in managing procurement records in Tanzania’s procuring entities.

Design/methodology/approach

This study used a mixed study design. There were explorative case study and questionnaire survey study methods used sequentially. In total, 15 procuring entities were used for exploratory case study, while 200 respondents were administered with questionnaires. A 75 per cent response rate was realised.

Findings

Results indicated that management and care of procurement records is constrained by regulatory and institutional constraints. The identified and assessed constraints were inter alia: incapacity of institutional actors, inadequate regulatory and institutional arrangements, inadequacy of storage space, equipment and facilities and insufficiency of security and safety measures.

Research limitations/implications

This research focussed on the procuring entities found in Dar es Salaam, which accounts for 40.72 per cent of the total procuring entities in Tanzania. Based on this, the generalisation of research findings can be sought in that particular context.

Practical implications

Findings imply that procurement records management and care is highly influenced by the constraining factors that hinder efficient records keeping in most procuring entities in Tanzania.

Social implications

Majority of procurement management units and user departments’ staff were found to possess inadequate knowledge, skills and competences in management and care of procurement records. The procuring entities should ensure that procurement staffs are trained in records and archives management practices.

Originality/value

This study contributes towards adding knowledge to the existing body of knowledge on the procurement records and archives management systems.

Details

Records Management Journal, vol. 28 no. 3
Type: Research Article
ISSN: 0956-5698

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Article
Publication date: 25 October 2018

Yufeng SU, Nengquan WU and Xiang Zhou

Entrepreneurial process strongly relies on context. The previous entrepreneurship research in developed countries over-emphasizes on its economic impact, but ignores its…

Abstract

Purpose

Entrepreneurial process strongly relies on context. The previous entrepreneurship research in developed countries over-emphasizes on its economic impact, but ignores its social impact, which leads to the slow development of entrepreneurship theories. Transitioning China provides entrepreneurs with a typical environment where opportunities and constraints coexist, which is a new research area in the field of entrepreneurship study.

Design/methodology/approach

Based on the grounded theory approach, this paper generalizes a local entrepreneurial process model from a multiple case study.

Findings

The paper states that the interaction among entrepreneurs, opportunities and institutional context is the core of the process. To be specific, entrepreneurial process includes an inner and an outer mechanism. The inner mechanism is based on the relations among institutional constraints, entrepreneurs and opportunities: nascent entrepreneurs, forced by institutional constraints to start a business, undergo a psychological process with entrepreneurial angst, reflective learning and effectuation and finally create business opportunities. The outer mechanism is grounded in the relations among new ventures, institutional evolution and opportunity development: new ventures facilitate institutional evolution through institutional entrepreneurship strategies, which in turn supports the ventures in the sustainable development of opportunities.

Originality/value

This study illuminates the social and institutional impact of entrepreneurial behavior, which is gradually fading and forgotten in modern society. The findings of the study enrich the research on entrepreneurial process, entrepreneurial cognition and institutional entrepreneurship and also provide implications for entrepreneurs.

Details

Nankai Business Review International, vol. 10 no. 2
Type: Research Article
ISSN: 2040-8749

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Article
Publication date: 10 January 2020

Juan M. Gil-Barragan, José A. Belso-Martínez and Francisco Mas-Verdú

Given the unresolved question about which causal conditions contribute to accelerated internationalization among small and medium enterprises (SMEs) from weak institutional

Abstract

Purpose

Given the unresolved question about which causal conditions contribute to accelerated internationalization among small and medium enterprises (SMEs) from weak institutional environment, this paper aims to combine theoretically relevant antecedents of domestic networks relationships (weak or strong domestic ties) and decision-making logic (effectuation or causation) to explore the configurations that are the most promising for explaining accelerated internationalization.

Design/methodology/approach

This study uses fuzzy-set qualitative comparative analysis (fsQCA) to examine the accelerated internationalization of 33 contrarian cases of SMEs located in weak institutional environment. The data set has been collected through in-depth interviews with managers in Colombia (21 cases) and Peru (12 cases). Building on the findings, an integrative model for accelerated internationalization is presented.

Findings

The authors found that the combination of weak domestic ties and effectuation logic accelerated the internationalization of SMEs with fewer resource constraints. In contrast, strong domestic ties and causation behavior lead to accelerated internationalization of SMEs with greater resource constraints. They propose a model to help enrich the existing literature about the causal configurations for achieving accelerated internationalization in SMEs from weak institutional environment.

Originality/value

The contribution of this study is to provide empirical evidence to address three shortcomings in the literature. First, the mixed results regarding the impact of strong and weak domestic ties and decision-making logic in the accelerated internationalization of SMEs; second, the limited research on domestic networks; and third, the scarce investigation in weak institutional environment, where the emphasis on constrained resources is higher.

Details

European Business Review, vol. 32 no. 2
Type: Research Article
ISSN: 0955-534X

Keywords

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Book part
Publication date: 8 November 2010

Howard E. Aldrich

Institutional theories of organizations in sociology have focused on exteriority and constraint over the past three decades, in keeping with their roots in macrosocial…

Abstract

Institutional theories of organizations in sociology have focused on exteriority and constraint over the past three decades, in keeping with their roots in macrosocial theory (Parsons, 1956). These theories have mostly examined the macrocontext for organization- and field-level activities, rather than the microprocesses through which humans accomplish particular actions. However, with the widespread diffusion and adoption of neo-institutional theory (hereafter NIT) as the default framework within organizational sociology, some authors have been unable to resist extending it to encompass microlevel change processes. In particular, people studying entrepreneurship, broadly defined, have created a new category of actors, called institutional entrepreneurs (hereafter IEs), along with associated new concepts, such as embedded autonomy. Organization studies journals now routinely publish papers on the topic of institutional entrepreneurship (Leca & Naccache, 2006), and special sections of mainstream management journals also regularly feature such papers.

Details

Institutions and Entrepreneurship
Type: Book
ISBN: 978-0-85724-240-2

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Book part
Publication date: 12 November 2016

Weijing He, Patrick Ring and Agyenim Boateng

Over the past decade internationalisation by banks from emerging market economies has accelerated. The purpose of this study is to examine the role of government and home…

Abstract

Purpose

Over the past decade internationalisation by banks from emerging market economies has accelerated. The purpose of this study is to examine the role of government and home country institutions in the international expansion process of Chinese commercial banks (CCBs).

Methodology/approach

By employing qualitative research method, data was collected via interviews from 30 senior managers based on a sample of 10 CCBs involved in international expansion over the 2001–2013 period.

Findings

The study finds that the Chinese government and home institutions play an important role in motivating CCBs’ internationalisation. Evidence from this research illustrates the effect institutional factors have in emerging economy firms’ internationalisation.

Practical implications

The managerial implication of these findings is that CCBs could take great advantage of government policy by developing proper internationalisation strategies and capabilities that would enhance CCBs’ competitiveness in global market. On the institutional front, removal of the institutional constraints imposed on Chinese banking industry is required. Using market-oriented management and regulatory rules rather than imposing administrative restrictions could therefore accelerate CCBs’ adaption and integration in the international market and enhance their competitive power.

Details

The Political Economy of Chinese Finance
Type: Book
ISBN: 978-1-78560-957-2

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Article
Publication date: 16 September 2013

David Oglethorpe and Graeme Heron

The purpose of the research is to identify the observable operational and supply chain barriers and constraints that occur in local food supply chains, especially with…

Abstract

Purpose

The purpose of the research is to identify the observable operational and supply chain barriers and constraints that occur in local food supply chains, especially with smaller producers, as they seek to increase market penetration across a wider geographic area.

Design/methodology/approach

The research adopts a multiple case study approach using mixed methods of data collection where case study companies are interviewed and complete a questionnaire. This process allows us to create a supply chain map and create a narrative which records the burdens and impacts occurring in local food supply chains and smaller producers looking beyond local markets. This evidence is then set against the theory of constraints (TOC) to provide a theoretical underpinning and to examine consistency of the findings.

Findings

Seven broad categories of constraint type are observed: constraints due to the nature of the market; due to scale and the nature of products; constraints related to employment and skills; institutional constraints; constraints in supply chain relationships; certification, policy and regulatory constraints; and constraints around personal beliefs and anthropomorphism. Each is described as to its origin, its limitation to business and where possible, how it might be remedied. The constraints point to some counter-intuitive results as far as common perceptions of local food are concerned but suggestions for improvement are made through collaborative producer efforts, alternative institutional intervention, supply chain re-engineering and logistics innovation.

Practical implications

Practical suggestions are made to improve the inclusiveness of distribution networks, to better utilise regional food groups (RFGs), to develop opportunities to set up autonomous supply chain centres, or to broaden the function of farmer co-operatives. The paper also provides an alternative model of the TOC specifically adapted for local food producers, the focus of which plays to their strengths and focuses on building competencies across, up and down the supply chain.

Originality/value

The adaptation of the TOC provides an advancement of knowledge in the area of food supply chain analysis and is done in a way that is more practical in use. The paper also provides the opportunity to take a similar approach to examining other niche supply opportunities in the sector, which may be dependent on other geographically defined barriers, such as seasonal or ethnic products.

Details

International Journal of Operations & Production Management, vol. 33 no. 10
Type: Research Article
ISSN: 0144-3577

Keywords

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Article
Publication date: 8 February 2016

Jing Zhou, Wei Lan and Yingkai Tang

By integrating agency theory with the institution-based view, the purpose of this paper is to examine whether-and if so, how-the likelihood of completion of cross-border…

Abstract

Purpose

By integrating agency theory with the institution-based view, the purpose of this paper is to examine whether-and if so, how-the likelihood of completion of cross-border acquisitions (CBAs) is influenced by institutional shareholders, in interaction with institutional quality and constraints both at the country and firm levels.

Design/methodology/approach

After controlling for endogeneity by the latent instrumental variable (LIV) approach, the authors test the hypotheses using a sample of CBAs undertaken by Chinese listed firms during the period 2002-2012.

Findings

The authors find that as institutional shareholders tend to enhance the quality of corporate governance, an overseas acquisition attempt undertaken by acquiring firm with greater institutional ownership is more likely to be completed. This relation is more prominent when the acquisition is exposed to inferior institutional context, such as when the target firm is domiciled in countries with weaker institutional quality, the acquiring firm is state-controlled, or the target is publicly traded in stock markets.

Research limitations/implications

An additional focus on the share-price reaction to the announcement or long-term alliance performance of such CBAs may reveal the relative importance of institutional shareholders in CBAs. The potential varying effects between domestic and foreign institutional investors deserve to be tested. Other factors, for instance antitrust laws, could be further studied.

Practical implications

The results will better inform and enhance governance and internationalization strategies of Chinese firms that are expected to undertake CBAs activities in areas such as the cooperation with institutional shareholders, the choice of target domiciled location, the reform of ownership structure, and the selection of target’s types in host country. In addition, given a broadly similar pattern of legal evolution between China and many other emerging countries since the 1990s (Peng and Heath, 1996), China’s experience may also provide valuable lessons and insights for firms from other emerging economies when undertaking CBAs activities in their internationalization strategies.

Originality/value

This study develops a theoretical link of firm-specific characteristics and country-level factors into an integrated analytical framework by applying agency theory in interaction with institution theory into literature on CBAs. This theoretical framework varies from most of extant studies often using a single theory into their analysis and would thus provide a new analytical train of thought for future studies.

Details

Management Decision, vol. 54 no. 1
Type: Research Article
ISSN: 0025-1747

Keywords

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