Catalogue Search | MBRL
Are you sure you want to remove the book from the shelf?
{{itemTitle}}
149,896
result(s) for
"INSTITUTIONAL DEVELOPMENT"
Sort by:
Law and development : an institutional critique
This book draws on the analytical framework of New Institutional Economics (NIE) to critically examine the role which law and the legal system play in economic development. Analytical concepts from NIE are used to assess policies which have been supported by multilateral development organisations including securing private property rights, reform of the legal system and financial development. The importance of culture in shaping the legal environment, which in turn influences financial sector development, is also assessed using Oliver Williamson's 'levels of social analysis' framework.
Book
Spatiotemporal analysis of energy consumption and financial development in African OPEC countries
Purpose
This study aims to investigate in a country-specific comparative and panel form, the impact of energy use on financial development in Organisation of Petroleum Exporting Countries (OPEC)-African countries of Algeria, Gabon, Libya and Nigeria.
Design/methodology/approach
With data sets covering the period 1980 to 2020, this study used a combination of country-specific autoregressive distributed lag model (ARDL) and panel-ARDL as well geo-maps to show the spatiotemporal nuances of the investigated countries.
Findings
It was discovered across the investigated countries and in the panel framework that energy consumption significantly impacts both bank development and institutional development, which are subsets of financial development. In addition, evidence in favor of adjustment of financial development to the shocks and dynamics of energy consumption was found.
Practical implications
Integrative developmental drive for the two sectors can enhance growth and value-chain interactions for the imperatives of the overall growth and development of the OPEC-African countries.
Originality/value
This study adds to the literature on finance and energy development by the introduction of the spatiotemporal analysis.
Journal Article
Institutions, technology, and circular and cumulative causation in economics
This text investigates the relation between technology and institutions and their mutual influence during processes of development and change and illustrates this on the development process in Argentina after 1946. General and case-study specific policy recommendations are offered.
Book
A Comparative Study of Two Networked (neoendogenous) Development Approaches: The EU LEADER and China’s Resident Work Team in Poor Villages (RWTIPV)
Networked (neoendogenous) development is a prescriptive of rural development that merges the positive aspects of exogenous and endogenous approaches by integrating bottom-up demands and top-down planning, internal and external resources and networks, and vertical political-administrative and interterritorial contexts. The current paper opted for a multicase analysis approach and used a tailored networked rural development institutional analysis and development (NRD-IAD) framework to analyse four organizational aspect changes, namely, institutional characteristics, configuration and structure, actions and activities, and outcomes and evaluation, among four case studies; two studies came from the EU LEADER (links between actions for the development of the rural economy), and the other two came from China’s resident work team in poor villages (RWTIPV). The research questions are as follows: What is the difference and common principle between these two approaches, and to what extent can they engage in exchange and be mutually learned from? Primary data were collected through involvement, observation, and open-ended interviews with actors in rural regions of China. Secondary data consisted of the resident cadre’s job log, resident work team ledger, minutes of the meeting, village’s work reports, government regulations, guidelines for poverty-alleviation planning in China’s RWTIPV cases, and published journals and internet sources in EU LEADER cases. In terms of difference, we identified the LEADER system mainly as a regulation-based network with relationships as supplementary information, while the RWTIPV system was mainly found to be a relationship-based network with regulations as supplementary information. Although the two systems seem different, the underlying logic is the same, that is, to engage with a collective reflexivity and action agency (CRAA), embedded in the locality and representing much of the local resource base, and to obtain a sufficient level of relational capacity to create the necessary conditions for integrated rural development. These common principles enable exchange and mutual learning to occur between the LEADER and RWTIPV systems through the unified idea (theory) of CRAA. The current findings contribute to the emergence of a new rural development paradigm mechanism and the role of institutional work.
Journal Article
Exporting and innovating among emerging market firms
Building on the recombinatory view of innovation and an institutional perspective, this study investigated how the level of institutional development in a firm’s home region and the institutional distance between the home and export markets might influence the effectiveness of learning through exporting. For exporters in emerging economies, more support for R&D and better-developed market intermediaries at home were found to enhance the positive effect of exporting on firms’ innovation, while market openness in the home region tends to dampen it. Exporters exporting more to other emerging economies tend to be more innovative than those exporting more to advanced markets. These findings arise from an empirical study of exporting and innovation among Chinese manufacturers.
Journal Article
Social Status and Corporate Social Responsibility: Evidence from Chinese Privately Owned Firms
In countries such as China, where Confucianism is the backbone of national culture, high-social-status entrepreneurs are inclined to engage in corporate social responsibility (CSR) activities due to the perceived high stress from stakeholders and high ability of doing CSR. Based on a large-scale survey of private enterprises in China, our paper finds that Chinese entrepreneurs at private firms who have high social status are prone to engage in social responsibility efforts. In addition, high-social-status Chinese entrepreneurs are even more likely to engage in social responsibility efforts as they become more politically connected and as the region becomes more market-oriented. These findings extend the upper echelons perspective of CSR into Chinese context by shedding light on antecedents of CSR from a new perspective (i.e., entrepreneurs' social status) and clarifying the boundary conditions of the social status-CSR link from the institutional perspective.
Journal Article
Unraveling the mechanisms of reputation and alliance formation: A study of venture capital syndication in China
Extant research shows that resources are significant to a firm's choice of alliance formation. We focus on an important form of intangible resource—firm reputation—and examine how it affects a firm's propensity to form alliances. We propose an inverted U-shaped relationship between a firm's reputation and its likelihood of alliance formation, resulting from the opposing mechanisms of opportunity and need. We also examine how this relationship may vary across two contingencies: (1) foreign and domestic firms; and (2) different levels of institutional development. Empirical analyses of China's venture capital (VC) industry provide support for our hypotheses.
Journal Article
Business groups and the study of international business
This paper harmonizes the business group literature in international business and across relevant fields within a unified theoretical framework. Business groups (firms under common control but with different, if overlapping, owners) are economically important in much of the world. Business groups’ economic significance co-evolves with their economies’ institutions and market environments, patterns of particular interest to international business scholars. The vast literature on business groups raises discordant perspectives. This paper first proposes a unifying definition and provides a list of stylized historical observations on business groups across different parts of the world. It then develops a Coasean framework to harmonize seemingly disparate views from the literature by building on recent surveys and the stylized historical patterns of business groups. We enlist two concepts – fallacies of composition/decomposition and time inconsistency – to harmonize these perspectives. This yields a theoretical framework for understanding business groups that mobilizes concepts long-used to understand multinational enterprises: the economy’s market and hierarchical transaction costs, openness, and their dynamic interactions. We then apply this framework to globalization and business group internationalization. This work leads to an overarching research agenda encompassing seemingly inconsistent prior work.
Journal Article
Principal-principal conflicts under weak institutions: A study of corporate takeovers in China
The principal-principal perspective is tested and extended in the context of corporate takeovers of Chinese publicly listed firms from 1998 to 2007. The resistance of a target firm's controlling shareholder toward potential takeovers reflects the conflict between the principal and minority shareholders. It was found that this resistance weakens when target firms are located in regions with more institutional development, where the minority shareholders' interests are better protected. The resistance also decreases for target firms with CEOs who are politically connected, as these CEOs may be more interested in their own political careers than in representing the interests of the controlling shareholders.
Journal Article
The relative value of firm and nonprofit experience
Research Summary
Nonprofit organizations (NPOs) are often identified as a natural vehicle for the engagement of firms in large‐scale social issues. We evaluate this argument by examining the conditions under which NPO experience is more valuable than firm experience in overcoming the key challenges associated with corporate disaster giving. Findings from a quasi‐experiment across the 4,396 natural disasters worldwide between 2003 and 2015 demonstrate that firms could donate more by implementing the aid through NPOs (on their own) in countries with low (high) institutional development, especially where they lack (have) market operations. However, we also observe that firms more frequently than not opted into the allocation mode that yielded comparatively low aid, raising questions about incentive alignment and communication across the business and nonprofit sectors.
Managerial Summary
Firms are increasingly tackling social issues across the world. Nonprofit organizations (NPOs) are often identified as natural channels for facilitating such engagement, but we have no systematic evidence to confirm this. We tackle this question by outlining the conditions under which allocating company aid for disaster relief and recovery through NPOs results in greater donations than when the firms disburse its aid directly to victims. We analyze all major natural disasters that affected the world between 2003 and 2015 and observe that firms would have donated more through an NPO (directly) in countries with low (high) institutional development where they lacked (had) local operations. Yet, firms frequently chose the channel that yielded lower donations.
Journal Article