 Impact of the formal and informal institutions on the performance of Indian mining companies: A fuzzy set QCA analysisSaurabh Upadhyay Resources Policy, 2023, vol. 82, issue C Abstract: The extractive industry is marred with a permanent marker of being anti-stakeholders. The current shift of focus upon stakeholder salience, welfare, and collaboration has provided favourable results to extractive companies. Although similar in terms of nature of ownership, geography, and scale of operations, there's a stark contrast in the performances of the state-owned coal mining companies in India. The article wishes to explicate the subtle reasons for variances in the performances of two neighbouring and similar coal mining giants in India through an institutional analysis. The inductive study collects data from the field (25 interviews). Fuzzy Set Qualitative Comparative Analysis (fsQCA) of 12 mines reveals the contrasting causal pathways explaining the impacts of formal and informal institutions on mining companies' outcomes and productivities. The study showed that the lack of generalized trust and generally high levels of corruption around the mining operations provides space for parallel institutions like the mining mafia to gain legitimacy, thus hampering the productivity of the State-owned mining companies. Keywords: Mining mafia; fsQCA; Generalized trust; Corruption; Social capital; Institutional analysis (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:82:y:2023:i:c:s0301420723001927 DOI: 10.1016/j.resourpol.2023.103484 Access Statistics for this article Resources Policy is currently edited by R. G. Eggert More articles in Resources Policy from Elsevier |
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