Navigating institutional change: An historical perspective of firm responses to pro-market reversals
| Autor: | Kieran M. Conroy, Michael Aldous |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2021 |
| Předmět: |
History
media_common.quotation_subject Strategy and Management Context (language use) Institutions 0502 economics and business Responses Economic geography Business and International Management Business history media_common Conceptualization Institutional change 05 social sciences Perspective (graphical) Independence Multinational corporation Multinationals Reversals Long-run 050211 marketing Business 050203 business & management Finance Path dependence |
| Zdroj: | Aldous, M & Conroy, K M 2021, ' Navigating institutional change: An historical perspective of firm responses to pro-market reversals ', Journal of International Management, vol. 27, no. 2, 100849 . https://doi.org/10.1016/j.intman.2021.100849 |
| DOI: | 10.1016/j.intman.2021.100849 |
| Popis: | We explore the strategic responses of multinational enterprises (MNEs) in the context of protracted institutional change. Analyzing the long-run trajectory of three British MNEs during the setting of Indian independence, we find that these firms engaged in a series of tactical and strategic responses to address uncertain institutional changes in the form of pro-market reversals. Our findings reveal how MNE responses are characterized by path dependence and path creation in that they are historically conditioned by patterns of previous decisions and actions. We demonstrate how tactical responses to earlier institutional changes coalesce to shape dominant strategic responses in later periods. Our paper contributes to a more holistic conceptualization of how MNEs strategize in response to pro-market reversals by integrating a business history lens. |
| Databáze: | OpenAIRE |
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