Unbalanced Institutions in Market Transition: How Do They Matter for Firm Strategic Choices and Performance in Emerging Economies?
Weiping Liu and
Jiatao Li ()
Additional contact information
Weiping Liu: Shanghai University of Finance and Economics
Jiatao Li: Hong Kong University of Science and Technology
Management International Review, 2019, vol. 59, issue 5, No 1, 675-702
Abstract The legal and economic institutions in emerging economies normally undergo major changes during the transition to a market economy. The development of legal and economic institutions in such economies is discussed, and two different development paths are analyzed. One relates to economies with relatively better-developed economic institutions, and the other to those with relatively better-developed legal institutions. A series of propositions are developed to explain how different imbalances in institutional development might influence market competition, firms’ strategic choices, and firm performance. A three-stage model of economic development is proposed which attempts to account for the two different situations.
Keywords: Unbalanced institutions; Market transition; Strategic choice; Competitive advantage (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
http://link.springer.com/10.1007/s11575-019-00393-8 Abstract (text/html)
Access to the full text of the articles in this series is restricted.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:spr:manint:v:59:y:2019:i:5:d:10.1007_s11575-019-00393-8
Ordering information: This journal article can be ordered from
Access Statistics for this article
Management International Review is currently edited by Michael-Jörg Oesterle and Joachim Wolf
More articles in Management International Review from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().