An institution-based view of international business strategy: a focus on emerging economies
Author: Mike W. Peng, Denis Y. L. Wang, Yi Jiang.
Peng, Mike W. and Wang, Denis Y. L. and Jiang, Yi. 2008/07/01. "An institution-based view of international business strategy: a focus on emerging economies." Journal of International Business Studies 39 (5): 920-936. https://link.springer.com/article/10.1057/palgrave.jibs.8400377
Leveraging the recent research interest in emerging economies, this Perspective paper argues that an institution-based view of international business (IB) strategy has emerged. It is positioned as one leg that helps sustain the “strategy tripod” (the other two legs consisting of the industry- and resource-based views). We then review four diverse areas of substantive research: (1) antidumping as entry barriers; (2) competing in and out of India; (3) growing the firm in China; and (4) governing the corporation in emerging economies. Overall, we argue that an institution-based view of IB strategy, in combination with industry- and resource-based views, will not only help sustain a strategy tripod, but also shed significant light on the most fundamental questions confronting IB, such as “What drives firm strategy and performance in IB?”Published: 2008/07/01Typ: journalArticleISSN: 0047-2506, 1478-6990