Abstract
This paper examines institutional formation and institutional entrepreneurship relating to outward foreign direct investment (OFDI) in China and Russia since the beginning of their market-oriented economic reforms. It focuses on the stages of OFDI institutional development during these periods of major system change, with particular reference to both the processes and outcomes involved. In each country, the state and its agencies were the principal institutional entrepreneurs in developing the OFDI system. Consequently, the development of OFDI institutions depended heavily on the extent to which state policy was consistent in supporting their regulative, normative and cognitive pillars. The paper concludes by advancing theoretical propositions and an analytical framework which posits various consequences of political and economic continuity for OFDI institutional development, moderated by the level of institutional entrepreneurship coming from governmental and business sources.
| Original language | English |
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| Publication date | 9 Jul 2011 |
| Number of pages | 30 |
| Publication status | Published - 9 Jul 2011 |
| Event | 27th EGOS Colloquium - Gothenburg, Sweden Duration: 7 Jul 2011 → 9 Jul 2011 |
Conference
| Conference | 27th EGOS Colloquium |
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| Country/Territory | Sweden |
| City | Gothenburg |
| Period | 07/07/2011 → 09/07/2011 |
Keywords
- Institutional system
- organizational field
- internationalization
- outward foreign direct investment
- Russia
- China