New institutional economics: contributions to international business studies

Silva-Rêgo, Bernardo; Figueira, Ariane Roder

doi:10.1108/ijoem-07-2018-0372

Cited by 3 publications

(1 citation statement)

References 73 publications

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“…In General, it is necessary to form a new economic paradigm at the intersection of Sciences [43]. Therefore, we propose: the paradigm of ethicological value creation [44], "eclectic paradigm" based on the new institutional economy [45].…”

Section: Introductionmentioning

confidence: 99%

Economics and Political economy textbooks: 28 years of interaction

Privalov

Privalova

2021

SHS Web Conf.

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The article analyzes the methodology of modern economic theory. The advantages and disadvantages Of the McConnell and brew economies are analyzed. It is compared with the textbook “Political economy” of the period of the USSR and Soviet Russia. A literature review has shown that many authors are critical of Main stream and are looking for alternative theories and methodologies. The article analyzes the institutional reasons for teaching Economics. Given the growing global crisis of industrial civilization and, in particular, the systemic crisis of its economic and political leader-the United States, the question is raised about the need to create a new type of textbook on economic theory. The article describes the philosophical roots of Economics and Marxist political economy. According to the authors of the article, these two areas of science and education in the twentieth century became examples of a “secular form of religion”, since their ideological orientation prevailed over the scientific content. “Russian Economics” is a textbook for undergraduates that has broader system relationships with other Sciences (sociology, political science, Cybernetics, zoopsychology, etc.) and applies, along with well-known models of Economics, also qualitative methods and models of classical political economy within the framework of a systematic approach. The article describes the methodological principles of a new type of textbook that reflect the basic provisions of traditional European culture and can serve to form the concept of the “third way economy”, as an objectively emerging model of a mixed economy.

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Section: Introductionmentioning

confidence: 99%

Economics and Political economy textbooks: 28 years of interaction

Privalov

Privalova

2021

SHS Web Conf.

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Balancing global corporate sustainability engagement in asymmetric markets: The Coca-Cola Co. case

Simões-Coelho

Figueira

Russo

2023

Sustainable Production and Consumption

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Do political and business relations help emerging markets' SMEs in their national and international expansion? Evidence from Brazil and China

Fornés

Cardoza

Altamira

2021

IJOEM

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PurposeThis study aims to understand whether business and political relations help emerging markets' SMEs to overcome the challenges posed by low institutionalization in their national and international expansion. It focuses on the role that these relations play in determining access to government funding and contracts and to market information and business-related knowledge.Design/methodology/approachThe data were collected from 828 SMEs in Brazil and China. The data analysis was developed in two stages: the first stage was based on multivariate regression analyses using the ratio of sales outside the companies' region of origin divided by total sales as a dependent variable and the survey's answers as independent variables; outward sales were taken at two different levels – national and international – to consider: (1) the different stages in the national and international expansion process, and (2) the fragmented nature of domestic markets in both Brazil and China. The second stage was based on a stepwise multiple regression as the relative importance of the variables was not known beforehand and the objective was to rank them according to the managers' perceptions.FindingsInformal institutions, in particular business and political relations, can help to reduce uncertainty and overcome some disadvantages associated with weak institutionalization. They do this by providing access to trusted distribution channels, improving the familiarity with different institutional environments and strengthening the management of supply chains and commercial strategies to serve markets outside their region. Also, SMEs in emerging markets getting access to private sources of funding, market knowledge and government contracts through business and political relations are in a better position to expand nationally and internationally.Originality/valueThe research shows that the domestic environment, in particular one with low levels of institutionalization, impacts negatively the national and international expansion of SMEs and, more importantly, how firms can use business and political relations to overcome the obstacles posed by this environment. The findings also have implications for theory, practice and policymaking.

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New institutional economics: contributions to international business studies

Cited by 3 publications

References 73 publications

Economics and Political economy textbooks: 28 years of interaction

Economics and Political economy textbooks: 28 years of interaction

Balancing global corporate sustainability engagement in asymmetric markets: The Coca-Cola Co. case

Do political and business relations help emerging markets' SMEs in their national and international expansion? Evidence from Brazil and China

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