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

Research output: Journal PublicationArticlepeer-review

6 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 languageEnglish
Pages (from-to)675-702
Number of pages28
JournalManagement International Review
Volume59
Issue number5
DOIs
Publication statusPublished - 1 Oct 2019
Externally publishedYes

Keywords

  • Competitive advantage
  • Market transition
  • Strategic choice
  • Unbalanced institutions

ASJC Scopus subject areas

  • Business and International Management
  • Strategy and Management

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