The Experts below are selected from a list of 111 Experts worldwide ranked by ideXlab platform
Max Boisot - One of the best experts on this subject based on the ideXlab platform.
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Entrepreneurship in Russia and China: The impact of Formal Institutional voids
Entrepreneurship: Theory and Practice, 2010Co-Authors: Sheila M. Puffer, Daniel J. Mccarthy, Max BoisotAbstract:Transition economies are often characterized by underdeveloped Formal Institutions, often resulting in an unstable environment and creating a void usually filled by inFormal ones. Entrepreneurs in transition environments thus face more uncertainty and risk than those in more developed economies. This article examines the relationship of Institutions and entrepreneurship in Russia and China in the context of Institutional theory by analyzing private property as a Formal Institution, as well as trust and blat/guanxi as inFormal Institutions. This article thus contributes to the literature on entrepreneurship and Institutional theory by focusing on these topics in transition economies, and by emphasizing how their relationship differs from that in developed economies. We conclude that full convergence toward entrepreneurs' reliance on Formal Institutions may not readily occur in countries like Russia and China due to the embeddedness of inFormal Institutions. Instead, such countries and their entrepreneurs may develop unique balances between inFormal and Formal Institutions that better fit their circumstances. Implications for the theory and practice of entrepreneurship in such environments are also offered.
Sheila M. Puffer - One of the best experts on this subject based on the ideXlab platform.
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Entrepreneurship in Russia and China: The impact of Formal Institutional voids
Entrepreneurship: Theory and Practice, 2010Co-Authors: Sheila M. Puffer, Daniel J. Mccarthy, Max BoisotAbstract:Transition economies are often characterized by underdeveloped Formal Institutions, often resulting in an unstable environment and creating a void usually filled by inFormal ones. Entrepreneurs in transition environments thus face more uncertainty and risk than those in more developed economies. This article examines the relationship of Institutions and entrepreneurship in Russia and China in the context of Institutional theory by analyzing private property as a Formal Institution, as well as trust and blat/guanxi as inFormal Institutions. This article thus contributes to the literature on entrepreneurship and Institutional theory by focusing on these topics in transition economies, and by emphasizing how their relationship differs from that in developed economies. We conclude that full convergence toward entrepreneurs' reliance on Formal Institutions may not readily occur in countries like Russia and China due to the embeddedness of inFormal Institutions. Instead, such countries and their entrepreneurs may develop unique balances between inFormal and Formal Institutions that better fit their circumstances. Implications for the theory and practice of entrepreneurship in such environments are also offered.
Leon Wansleben - One of the best experts on this subject based on the ideXlab platform.
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Formal Institution building in financialized capitalism the case of repo markets
Theory and Society, 2020Co-Authors: Leon WanslebenAbstract:Money markets are at the heart of financialized capitalism, as those markets that provide the funding liquidity needed for credit creation and leveraged trading. How have these markets evolved, grown, and become critical for larger financial flows? To answer this question, I distinguish an early period of financial globalization marked by regulatory arbitrage, offshoring, deregulation, and inFormal trading practices from a period of regime-consolidation marked by Formal Institutionalization. Concentrating on repo markets as the key funding sources for market-based banking, I demonstrate that new Institutional arrangements for these markets were initiated by private sector associations, but supported and authorized by public authorities. Bond trader groups codified new contractual arrangements and these were validated via reforms of bankruptcy codes and changes in central banks’ policy frameworks in the United States and European Union. Through these modifications and re-articulations in Institutional conditions, transactions and large exposures on money markets became routine affairs—for shadow banking actors like money market funds as well as for commercial banks. The article concludes by discussing the continuity of regime-consolidation efforts after the transatlantic financial crisis and hypothesizes that they reveal “neo-patrimonial” features.
Daniel J. Mccarthy - One of the best experts on this subject based on the ideXlab platform.
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Entrepreneurship in Russia and China: The impact of Formal Institutional voids
Entrepreneurship: Theory and Practice, 2010Co-Authors: Sheila M. Puffer, Daniel J. Mccarthy, Max BoisotAbstract:Transition economies are often characterized by underdeveloped Formal Institutions, often resulting in an unstable environment and creating a void usually filled by inFormal ones. Entrepreneurs in transition environments thus face more uncertainty and risk than those in more developed economies. This article examines the relationship of Institutions and entrepreneurship in Russia and China in the context of Institutional theory by analyzing private property as a Formal Institution, as well as trust and blat/guanxi as inFormal Institutions. This article thus contributes to the literature on entrepreneurship and Institutional theory by focusing on these topics in transition economies, and by emphasizing how their relationship differs from that in developed economies. We conclude that full convergence toward entrepreneurs' reliance on Formal Institutions may not readily occur in countries like Russia and China due to the embeddedness of inFormal Institutions. Instead, such countries and their entrepreneurs may develop unique balances between inFormal and Formal Institutions that better fit their circumstances. Implications for the theory and practice of entrepreneurship in such environments are also offered.
Zhao Jiazhan - One of the best experts on this subject based on the ideXlab platform.
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trust Formal Institution and china s foreign trade development evidence from 65 countries
China Soft Science, 2014Co-Authors: Zhao JiazhanAbstract:This paper analyses the impact of trust and Formal Institution on China's foreign trade development by using 65 countries' panel data during the period of 2003-2011. The result shows: The trust level of host country has obvious positive effect towards China's foreign trade; The Institution distance of China and the host country will increase the transaction cost in international trade,and will hamper the bilateral trade; Trust plays less important role for bilateral trade for OECD countries; Trust plays more important role for bilateral trade for non-OECD countries. Therefore,China should reform and adjust all kinds of Formal Institutions,pay more attention on the construction of inFormal Institutions,improve the social trust level,according to the effect of different Institution factors.