Unbalanced Institutions in Market Transition: How Do They Matter for Firm Strategic Choices and Performance in Emerging Economies?

Weiping Liu; Jiatao Li

doi:10.1007/s11575-019-00393-8

Unbalanced Institutions in Market Transition: How Do They Matter for Firm Strategic Choices and Performance in Emerging Economies?

Weiping Liu, Jiatao Li

Research output: Journal Publication › Article › peer-review

7 Citations (Scopus)

Abstract

The legal and economic institutions in emerging economies normally undergo major changes during the transition to a market economy. The development of legal and economic institutions in such economies is discussed, and two different development paths are analyzed. One relates to economies with relatively better-developed economic institutions, and the other to those with relatively better-developed legal institutions. A series of propositions are developed to explain how different imbalances in institutional development might influence market competition, firms’ strategic choices, and firm performance. A three-stage model of economic development is proposed which attempts to account for the two different situations.

Original language	English
Pages (from-to)	675-702
Number of pages	28
Journal	Management International Review
Volume	59
Issue number	5
DOIs	https://doi.org/10.1007/s11575-019-00393-8
Publication status	Published - 1 Oct 2019
Externally published	Yes

Keywords

Competitive advantage
Market transition
Strategic choice
Unbalanced institutions

ASJC Scopus subject areas

Business and International Management
Strategy and Management

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1007/s11575-019-00393-8

Cite this

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title = "Unbalanced Institutions in Market Transition: How Do They Matter for Firm Strategic Choices and Performance in Emerging Economies?",

abstract = "The legal and economic institutions in emerging economies normally undergo major changes during the transition to a market economy. The development of legal and economic institutions in such economies is discussed, and two different development paths are analyzed. One relates to economies with relatively better-developed economic institutions, and the other to those with relatively better-developed legal institutions. A series of propositions are developed to explain how different imbalances in institutional development might influence market competition, firms{\textquoteright} strategic choices, and firm performance. A three-stage model of economic development is proposed which attempts to account for the two different situations.",

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AU - Li, Jiatao

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Y1 - 2019/10/1

N2 - The legal and economic institutions in emerging economies normally undergo major changes during the transition to a market economy. The development of legal and economic institutions in such economies is discussed, and two different development paths are analyzed. One relates to economies with relatively better-developed economic institutions, and the other to those with relatively better-developed legal institutions. A series of propositions are developed to explain how different imbalances in institutional development might influence market competition, firms’ strategic choices, and firm performance. A three-stage model of economic development is proposed which attempts to account for the two different situations.

AB - The legal and economic institutions in emerging economies normally undergo major changes during the transition to a market economy. The development of legal and economic institutions in such economies is discussed, and two different development paths are analyzed. One relates to economies with relatively better-developed economic institutions, and the other to those with relatively better-developed legal institutions. A series of propositions are developed to explain how different imbalances in institutional development might influence market competition, firms’ strategic choices, and firm performance. A three-stage model of economic development is proposed which attempts to account for the two different situations.

KW - Competitive advantage

KW - Market transition

KW - Strategic choice

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JO - Management International Review

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IS - 5

ER -

Unbalanced Institutions in Market Transition: How Do They Matter for Firm Strategic Choices and Performance in Emerging Economies?

Abstract

Keywords

ASJC Scopus subject areas

UN SDGs

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