Strategic management in private and family businesses

Lü, Yuan; Au, Kevin; Peng, Mike W.; Xu, Erming

doi:10.1007/s10490-013-9359-3

“…Of course, new developments in the institution-based view can be found along many other dimensions not covered in this paper. As a family of theories, the institution-based view has now given birth to an institution-based view of corporate governance (Globerman, Peng, & Shapiro, 2011;Jiang & Peng, 2011;Lu, Au, Peng, & Xu, 2013;Peng & Jiang, 2010;Sauerwald & Peng, 2013;Van Essen, Huegens, Otten, & van Oosterhout, 2012;Young, Peng, Ahlstrom, Bruton, & Jiang, 2008), an institution-based view of corporate diversification (Kim et al, 2010;Lee, Peng, & Lee, 2008;Peng, Lee, & Wang, 2005), an institution-based view of mergers and acquisitions (Lin, Peng, Yang, & Sun, 2009;Yang, Sun, Lin, & Peng, 2011), and an institution-based view of knowledge management and intellectual property rights (Khoury & Peng, 2011;Lu et al, 2008;Mahlich, 2010;Peng, 2013). Clearly, the institution-based view has been significantly deepened and broadened recently.…”

Section: Resultsmentioning

confidence: 99%

New Research Directions in the Institution-Based View

Peng¹

2014

Multidisciplinary Insights From New AIB Fellows

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This paper points out new directions for the deepening and broadening of the institution-based view, by drawing on three streams of research with which I have been involved recently: (1) outward foreign direct investment from emerging economies, (2) bankruptcy laws and entrepreneurship development, and (3) institution-based research focusing on Africa. Such deepening has been accomplished by enhancing our institutionbased understanding of foreign direct investment with a focus on emerging multinationals, while broadening has been done both substantively by probing into the impact of bankruptcy laws on entrepreneurship development around the world and geographically by calling for enhanced research attention on Africa via an institution-based lens.

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“…As a family of theories, the institution-based view has now given birth to an institution-based view of corporate governance (Globerman, Peng, & Shapiro, 2011;Jiang & Peng, 2011;Lu, Au, Peng, & Xu, 2013;Peng & Jiang, 2010;Sauerwald & Peng, 2013;Van Essen, Huegens, Otten, & van Oosterhout, 2012;Young, Peng, Ahlstrom, Bruton, & Jiang, 2008), an institution-based view of corporate diversification (Kim et al, 2010;Lee, Peng, & Lee, 2008;Peng, Lee, & Wang, 2005), an institution-based view of mergers and acquisitions (Lin, Peng, Yang, & Sun, 2009;Yang, Sun, Lin, & Peng, 2011), and an institution-based view of knowledge management and intellectual property rights (Khoury & Peng, 2011;Lu et al, 2008;Mahlich, 2010;Peng, 2013). Clearly, the institution-based view has been significantly deepened and broadened recently.…”

Section: Resultsmentioning

confidence: 99%

New Research Directions in the Institution-Based View

Peng¹

2014

Multidisciplinary Insights From New AIB Fellows

Self Cite

View full text Add to dashboard Cite

This paper points out new directions for the deepening and broadening of the institution-based view, by drawing on three streams of research with which I have been involved recently: (1) outward foreign direct investment from emerging economies, (2) bankruptcy laws and entrepreneurship development, and (3) institution-based research focusing on Africa. Such deepening has been accomplished by enhancing our institutionbased understanding of foreign direct investment with a focus on emerging multinationals, while broadening has been done both substantively by probing into the impact of bankruptcy laws on entrepreneurship development around the world and geographically by calling for enhanced research attention on Africa via an institution-based lens.

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“…Ownership in firms based in EE tends to be more concentrated (often in a way of family ownership, business group affiliation, or state ownership) than in developed (especially common law) countries such as the United States (Chen, Li, Shapiro, & Zhang, 2014;Fan, Wei, & Xu, 2011;Filatochev, Jackson, & Nakajima, 2013;Globerman, Peng, & Shapiro, 2011;La Porta, Lopez-de-Silanes, & Shleifer, 1999;Lu, Au, Peng, & Xu, 2013). There is evidence that acquisition performance in EE is affected by an acquirer's ownership structure and concentration (Pattnaik, Chang, & Shin, 2013).…”

Section: Ownership Structurementioning

confidence: 99%