Institutional Environment

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Joanne E Oxley - One of the best experts on this subject based on the ideXlab platform.

  • e commerce readiness Institutional Environment and international competitiveness
    Journal of International Business Studies, 2001
    Co-Authors: Joanne E Oxley, Bernard Yeung
    Abstract:

    A systematic cross-country analysis of e-commerce activity reveals that although physical infrastructure explains much of the variation in basic Internet use, e-commerce activity also depends significantly on a supportive Institutional Environment. Chief among the characteristics of such an Environment are national respect for the “rule of law” and, secondarily, the availability of credible payment channels such as credit cards. These results suggest that an Institutional Environment that facilitates the building of transactional integrity is critical to the development of e-commerce.© 2001 JIBS. Journal of International Business Studies (2001) 32, 705–723

  • e commerce readiness Institutional Environment and international competitiveness
    Journal of International Business Studies, 2001
    Co-Authors: Joanne E Oxley, Bernard Yeung
    Abstract:

    A systematic cross-country analysis of e-commerce activity reveals that although physical infrastructure explains much of the variation in basic Internet use, e-commerce activity also depends significantly on a supportive Institutional Environment. Chief among the characteristics of such an Environment are national respect for the “rule of law” and, secondarily, the availability of credible payment channels such as credit cards. These results suggest that an Institutional Environment that facilitates the building of transactional integrity is critical to the development of e-commerce.

  • Institutional Environment and the mechanisms of governance the impact of intellectual property protection on the structure of inter firm alliances
    Journal of Economic Behavior and Organization, 1999
    Co-Authors: Joanne E Oxley
    Abstract:

    Abstract This study builds on developments in transaction cost economics to examine how Institutional Environment and transaction (project) characteristics affect governance of inter-firm alliances. The focus is on the choice between equity and contractual alliance forms under differing regimes of intellectual property protection and other national Institutional features. Empirical results identify transaction-level characteristics as primary drivers of governance choice in alliances, but intellectual property protection is also a significant factor: firms adopt more hierarchical governance modes when protection is weak. Complete understanding of the structure of inter-firm alliances thus requires a combined focus on the Institutional Environment and mechanisms of governance.

Bernard Yeung - One of the best experts on this subject based on the ideXlab platform.

  • e commerce readiness Institutional Environment and international competitiveness
    Journal of International Business Studies, 2001
    Co-Authors: Joanne E Oxley, Bernard Yeung
    Abstract:

    A systematic cross-country analysis of e-commerce activity reveals that although physical infrastructure explains much of the variation in basic Internet use, e-commerce activity also depends significantly on a supportive Institutional Environment. Chief among the characteristics of such an Environment are national respect for the “rule of law” and, secondarily, the availability of credible payment channels such as credit cards. These results suggest that an Institutional Environment that facilitates the building of transactional integrity is critical to the development of e-commerce.

  • e commerce readiness Institutional Environment and international competitiveness
    Journal of International Business Studies, 2001
    Co-Authors: Joanne E Oxley, Bernard Yeung
    Abstract:

    A systematic cross-country analysis of e-commerce activity reveals that although physical infrastructure explains much of the variation in basic Internet use, e-commerce activity also depends significantly on a supportive Institutional Environment. Chief among the characteristics of such an Environment are national respect for the “rule of law” and, secondarily, the availability of credible payment channels such as credit cards. These results suggest that an Institutional Environment that facilitates the building of transactional integrity is critical to the development of e-commerce.© 2001 JIBS. Journal of International Business Studies (2001) 32, 705–723

Witold J Henisz - One of the best experts on this subject based on the ideXlab platform.

  • the Institutional Environment for infrastructure investment
    Industrial and Corporate Change, 2002
    Co-Authors: Witold J Henisz
    Abstract:

    The empirical evidence that links political institutions to economic outcomes has grown dramatically in recent years. However, virtually all of this analysis is undertaken using data from the past three decades. This paper extends this empirical framework by performing a two-century long historical analysis of the determinants of infrastructure investment in a panel of over 100 countries. The results demonstrate that political Environments that limit the feasibility of policy change are an important determinant of investment in infrastructure. Copyright 2002, Oxford University Press.

  • the Institutional Environment for economic growth
    Economics and Politics, 2000
    Co-Authors: Witold J Henisz
    Abstract:

    This article forges an explicit link between an objective measure of political constraints and variation in cross-national growth rates. It derives a new measure of political constraints from a simple spatial model of political interaction that incorporates information on the number of independent branches of government with veto power and the distribution of preferences across and within those branches. The derived variable is found to have a statistically and economically significant impact on growth rates using simple ordinary least squares, three-stage least squares and generalized method of moments estimation techniques.

  • the Institutional Environment for economic growth
    Social Science Research Network, 1999
    Co-Authors: Witold J Henisz
    Abstract:

    This article builds upon the growing literature linking cross-national variation in political institutions to differences in economic outcomes. Specifically, it considers the impact of additional veto points (the executive, unicameral or bicameral legislatures, the judiciary and sub-federal entities) and heterogeneity of preferences both across and within these veto points on economic growth. The political data described above is employed in a spatial modeling framework to derive an objective internationally comparable measure of the feasibility of policy change in a given country for a given year. This measure, labeled the political constraint index (POLCON) is available for virtually all countries in each year since 1960. In addition to its historical availability, this index also has several other advantages in comparison to more traditional measures of the political Environment. First, in comparison to more traditionally employed measures such as the level of democracy or the degree of political instability, the political constraint index was specifically designed to examine the feasibility of policy change. It therefore correctly codes "democracies" or "stable" regimes where the rule of law is poorly observed such as Russia in the 1990s or Zaire under Marshal Mobuto Sese Seko as inimical to growth. Second, in comparison to the subjective risk ratings more recently introduced into the literature, the political constraint index is objectively derived and therefore not biased by potentially biased opinions on the security of investments in a given country such as those that characterized many countries in the run-up to the East Asian crisis nor is it subject to the related endogeneity critique that is often leveled against such measures. Furthermore, the empirical results demonstrate that the political constraint index is a statistically and economically significant determinant of cross-national variation in economic growth even in conjunction with a host of traditional explanatory variables and irrespective of the estimation technique (OLS, GLS, GMM) employed. These results are shown to be superior to many of the traditionally used measures of the Institutional Environment and thus offer both new evidence of the importance of political institutions that offer a credible commitment to private property rights as well as a framework to begin to unpack the question of which political institutions matter for what types of economic outcomes.

Richard W Scott - One of the best experts on this subject based on the ideXlab platform.

  • a multidimensional model of organizational legitimacy hospital survival in changing Institutional Environments
    Administrative Science Quarterly, 1998
    Co-Authors: Martin Ruef, Richard W Scott
    Abstract:

    Using data on 143 hospital organizations, this article examines the antecedents and effects of two forms of organizational legitimacy (managerial and technical) over a 46-year period. Results show that both the managerial and technical forms provide notable improvements in organizational survival chances but that the strength of each effect varies over time depending on the nature of the Institutional Environment. Variation also appears in the antecedents of legitimacy - for example, the ability of a hospital to secure approval for its managerial practices depends on the correspondence between its mission and the logic of the surrounding Institutional Environment. The results suggest that a multidimensional model can reveal nuances of organizational legitimacy that are missed by more unitary conceptions.

Yingyi Qian - One of the best experts on this subject based on the ideXlab platform.

  • who are russia s entrepreneurs
    2005
    Co-Authors: Simeon Djankov, Yingyi Qian, Edward Miguel, Gerard Roland, Ekaterina Zhuravskaya
    Abstract:

    Social scientists studying entrepreneurship have emphasized three distinct sets of variables: the Institutional Environment, sociological variables, and personal and psychological characteristics. We are conducting surveys in five large developing and transition economies to better understand entrepreneurship. In this short paper, using over 2,000 interviews from a pilot study in Russia, we find evidence that the three sets of variables matter: perceptions of the local Institutional Environment, social network effects and individual characteristics are all important in determining entrepreneurial behavior.

  • who are russia s entrepreneurs
    Journal of the European Economic Association, 2005
    Co-Authors: Simeon Djankov, Yingyi Qian, Edward Miguel, Gerard Roland, Ekaterina Zhuravskaya
    Abstract:

    Social scientists studying entrepreneurship have emphasized three distinct sets of variables: the Institutional Environment, sociological variables, and personal and psychological characteristics. We are conducting surveys in five large developing and transition economies to better understand entrepreneurship. In this short paper, using over 2,000 interviews from a pilot study in Russia, we find evidence that the three sets of variables matter: perceptions of the local Institutional Environment, social network effects, and individual characteristics are all important in determining entrepreneurial behavior. (JEL: M13, O12, P12)

  • Institutional Environment community government and corporate governance understanding china s township village enterprises
    Journal of Law Economics & Organization, 1998
    Co-Authors: Jiahua Che, Yingyi Qian
    Abstract:

    We study China's township-village enterprises (TVEs) from an organizational perspective with a focus on governance. Unlike most previous studies, we interpret the firm boundaries of TVEs at the community level rather than the enterprise level. From this perspective, we analyze the central role that community governments play in TVE governance as an organizational response to the imperfect Institutional Environment of both state and market. Specifically, we show that the community government's involvement in TVEs helps overcome the problems of state predation and under-financing of private enterprises. We also explain why TVE governance leads to harder budget constraints than state-owned enterprises.