Diverse Institutional Environments and Product Innovation of Emerging Market Firms

被引:62
作者
Wu, Jie [1 ]
机构
[1] Univ Macau, Dept Management & Mkt, Macau, Peoples R China
关键词
Institutional environments; Institutional distance; Institutional diversity; Product innovation; Emerging markets; China; INTERNATIONAL EXPANSION; STRATEGIES; DISTANCE; CHOICE; EXPLOITATION; PERFORMANCE; VOLATILITY; LEGITIMACY; INVESTMENT; NETWORKS;
D O I
10.1007/s11575-012-0162-z
中图分类号
C93 [管理学];
学科分类号
12 ; 1201 ; 1202 ; 120202 ;
摘要
This study unbundled institutional environment into two distinct aspects: institutional distance (the degree of dissimilarity between the institutional environment of a firm's home country and an economy into which it expands) and institutional diversity (the variety of all the institutional environments to which a firm is exposed), and related them to product innovation performance of emerging market firms. Data on 917 Chinese manufacturing firms in multiple industries over 3 years was analyzed. The results show a positive relationship between institutional distance and product innovation success. An inverted U-shaped relationship was found between the institutional diversity of a firm's foreign markets and its product innovation success.
引用
收藏
页码:39 / 59
页数:21
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