Diverse Institutional Environments and Product Innovation of Emerging Market Firms

被引：61
|
作者：
Wu, Jie [1 ]
机构：
[1] Univ Macau, Dept Management & Mkt, Macau, Peoples R China
来源：
MANAGEMENT INTERNATIONAL REVIEW | 2013年 / 53卷 / 01期
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.
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页码：39 / 59
页数：21
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