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作者：Pinkham, Brian C.; Peng, Mike W.
作者单位：Western University (University of Western Ontario); University of Texas System; University of Texas Dallas
摘要：Extending the literature on institutional voids, we introduce theory from law that highlights the ability of firms to choose the laws and enforcement mechanisms that govern their international joint ventures (Ws). Specifically, firms may overcome institutional voids by borrowing institutions via binding international commercial arbitration (BICA) rather than relying on host-market institutions. Leveraging an institution-based view, we develop a theoretical framework to articulate the condition...
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作者：El Ghoul, Sadok; Guedhami, Omrane; Kim, Yongtae
作者单位：University of Alberta; University of South Carolina System; University of South Carolina Columbia; Santa Clara University
摘要：Drawing on transaction cost theories and the resource-based view of a firm, we posit that the value of corporate social responsibility (CSR) initiatives is greater in countries where an absence of market-supporting institutions increases transaction costs and limits access to resources. Using a large sample of 11,672 firm year observations representing 2445 unique firms from 53 countries during 2003-2010 and controlling for firm-level unobservable heterogeneity, we find supportive evidence tha...
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作者：Kim, Hyejun; Song, Jaeyong
作者单位：Massachusetts Institute of Technology (MIT); Seoul National University (SNU)
摘要：Business groups may fill institutional voids in emerging economies, but empirical research is lacking as to when and how institutional voids affect economic behavior of individual firms. We examine the effect of institutional voids in capital markets on individual transactions in emerging economies, focusing on M&A deals that were abandoned after being publicly announced. M&A deals may fall through when unexpected information is brought to light or financing difficulties arise. At the country ...
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作者：Kingsley, Allison F.; Graham, Benjamin A. T.
作者单位：University of Vermont; University of Southern California
摘要：Information voids reflect a lack of publicly available information about a country's investment climate, and represent the information problems associated with institutional voids. We argue that foreign investors differ in their sensitivity to information voids based on their own private information and their flexibility in responding rapidly to change. We predict that foreign banks will be least hampered by information voids, due to their privileged access to private information about local c...
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作者：Marano, Valentina; Tashman, Peter; Kostova, Tatiana
作者单位：Northeastern University; Portland State University; University of South Carolina System; University of South Carolina Columbia
摘要：This article examines the link between the condition of institutional voids in emerging markets and the use of the practice of corporate social responsibility (CSR) reporting by emerging market multinational enterprises (EM-MNEs). Based on neo-institutional theory and in light of the specificity of emerging markets, we propose a positive relationship between institutional voids and CSR reporting. Home-country institutional voids push companies to internationalize as a way to escape the institu...
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作者：Doh, Jonathan; Rodrigues, Suzana; Saka-Helmhout, Ayse; Makhija, Mona
作者单位：Villanova University; Erasmus University Rotterdam - Excl Erasmus MC; Erasmus University Rotterdam; Radboud University Nijmegen; University System of Ohio; Ohio State University
摘要：For nearly two decades, scholars in international business and management have explored the implications of institutional voids for firm strategy and structure. Although institutional voids offer both opportunities and challenges, they have largely been associated with firms' efforts to avoid or mitigate institutional deficiencies and reduce the transaction costs associated with operating in settings subject to those institutional shortcomings. The goal of this special issue is to advance scho...
