Strictly limited choice or agency? Institutional duality, legitimacy, and subsidiaries’ political strategies

Political strategies, entrepreneurial overconfidence and foreign direct investment in developing countries

“…This is because the institutional voids and the comparatively greater role host country governments play in developing economies increase the risk associated with the potential (in-) actions of socio-political actors, in particular, host country governments (Nell, Puck, & Heidenreich, 2015). In consequence, Holtbrü gge et al suggest that ''[t]he insufficient consideration or ignorance of these stakeholders may not only cause severe conflicts and moral condemnation but may also lead to financial losses'' (Holtbrü gge et al, 2007, p. 48).…”

International project finance: review and implications for international finance and international business

“…However, the mechanisms proposed in PF differ from those most prominently propagated by institutional IB scholars. Based on the works of DiMaggio and Powell (1983), IB research has identified imitation strategies (Salomon and Wu 2012), local political activism (Nell et al 2015;Sawant 2012), local equity shares (Chan and Makino 2007) and stakeholder management (Henisz 2014;Henisz et al 2014), as important strategies to counter institutional risks and reduce the liability of foreignness (Zaheer 1995(Zaheer , 2002. PF often involves more aggressive, power-related strategies to counter institutional divides and risk.…”

Coping with Autocracy: Corporate Political Activity, Institutional Duality, and MNE Local Firm Rivalry During 'Institutional Backsliding'

“…Firms engage in CPA, which comprises activities aimed to affect the legal and policy environment and to influence decision-makers' opinions (Nell et al, 2015), because the institutional context may constrain or facilitate their activities and their success in the market place (Feinberg et al, 2015;Doh et al 2012). …”

“…In particular, the CPA literature emerged in the context of developed countries (Hillman & Hitt, 1999;Hillman, Keim & Schuler, 2004) and has hence little to say about how the (institutional) context of emerging economies affects CPA (Deng & Kennedy, 2010;Mondejar & Zhao, 2013;Zhang et al 2016). This is despite the fact that CPA is particularly important in emerging market economies where the boundaries between the economic and the political domain are blurry (Carney et al, 2016;Zhang et al, 2016;Nell et al, 2015;Luo, 2007).…”