دانلود رایگان مقاله موسسه محلی سرمایه سیاسی و بین المللی از شرکت کارآفرینی در اقتصاد در حال توسعه

ABSTRACT

This study advances the institution-based view of strategy by integrating it with firm-specific capability considerations. In particular, we investigate the integrative influence of subnational-level home country institutional environments and firm-level political capital, as an important way to seek resources, on emerging economy entrepreneurial firms’ internationalization. With data from Chinese entrepreneurial firms, we find that the development of subnational institutional environments in the home country is related to firms’ degree of internationalization. Furthermore, while political capital with low-level governments enhances the effect of subnational institutions on internationalization, political capital with high levels of government has no such moderation effect. Theoretical and empirical contributions and implications are discussed.

6. Discussion

This article shows how subnational institutions in the home country can benefit emerging market entrepreneurial firms’ international expansion and how such benefits vary across firms with different types of political capital. By and large, our results from a sample of 760 entrepreneurial firms in China over five years corroborate the central proposition of this study—well-established subnational institutions in a home country facilitate entrepreneurial firms’ internationalization, and political capital is important for linking the home market institutional environment and firms’ decisions to expand internationally