Institutions and competition: does internationalisation provide advantages for the family firms in a transition economy?

IF 1.5 Q2 ECONOMICS
Recai Coşkun, Li̇ri̇don Kryeziu, B. Krasniqi
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引用次数: 6

Abstract

PurposeKosovo has experienced a radical shift from a centrally planned economy to a market economy and built institutions from scratch. During the institutional building process, due to inconsistencies in institutional reforms, firms faced several challenges in competing in the domestic market and engaging in exporting activities. The purpose of the study is threefold. First, to examine how institutional settings influence family firms’ success; second, how and which types of strategic behaviours family firms pursue in response to institutional deficiencies and third, whether and how internationalisation helps the firms overcome the difficulties resulting from deficiencies of the institutions.Design/methodology/approachThis study employs a qualitative document analysis technique using secondary and primary data to examine the impact of institutional settings on firm internationalisation and related firm reactions.FindingsFindings suggest that fiscal policy, weak protection of property rights and contractual enforcement negatively influenced family firms because of unfair competition, unpredictable business environment and additional costs due to deficient institutions. The authors found that internationalisation provided benefits for the firms in handling the problems posed by the institutions. The firms focused on three main strategies to respond to weak institutions: improving product quality, diversifying and differentiating products and setting competitive prices.Originality/valueThis study contributes to the literature and explains how and which economic institutions influence firm internationalisation and how engagement in international business activities provides an advantage in responding to deficient institutions in the home country.
制度与竞争:国际化是否为转型经济中的家族企业提供了优势?
目的科索沃经历了从中央计划经济向市场经济的根本转变,并从头开始建立机构。在体制建设过程中,由于体制改革的不一致性,企业在国内市场竞争和从事出口活动方面面临着一些挑战。这项研究的目的有三个。首先,考察制度环境如何影响家族企业的成功;第二,家族企业如何以及哪些类型的战略行为来应对制度缺陷;第三,国际化是否以及如何帮助企业克服制度缺陷带来的困难。设计/方法/方法本研究采用定性文件分析技术,使用二级和一级数据来检验制度设置对企业国际化和相关企业反应的影响。调查结果表明,由于不公平竞争、不可预测的商业环境以及制度缺陷导致的额外成本,财政政策、产权保护不力和合同执行对家族企业产生了负面影响。作者发现,国际化为企业处理机构带来的问题提供了好处。这些公司专注于应对薄弱机构的三个主要战略:提高产品质量、产品多样化和差异化以及制定有竞争力的价格。独创性/价值这项研究对文献做出了贡献,并解释了哪些经济机构如何以及哪些经济机构影响企业国际化,以及参与国际商业活动如何在应对母国缺乏的机构方面提供优势。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
3.70
自引率
15.80%
发文量
22
期刊介绍: Institutions – especially public policies – are a significant determinant of economic outcomes; entrepreneurship and enterprise development are often the channel by which public policies affect economic outcomes, and by which outcomes feed back to the policy process. The Journal of Entrepreneurship & Public Policy (JEPP) was created to encourage and disseminate quality research about these vital relationships. The ultimate aim is to improve the quality of the political discourse about entrepreneurship and development policies. JEPP publishes two issues per year and welcomes: Empirically oriented academic papers and accepts a wide variety of empirical evidence. Generally, the journal considers any analysis based on real-world circumstances and conditions that can change behaviour, legislation, or outcomes, Conceptual or theoretical papers that indicate a direction for future research, or otherwise advance the field of study, A limited number of carefully and accurately executed replication studies, Book reviews. In general, JEPP seeks high-quality articles that say something interesting about the relationships among public policy and entrepreneurship, entrepreneurship and economic development, or all three areas. Scope/Coverage: Entrepreneurship, Public policy, Public policies and behaviour of economic agents, Interjurisdictional differentials and their effects, Law and entrepreneurship, New firms; startups, Microeconomic analyses of economic development, Development planning and policy, Innovation and invention: processes and incentives, Regional economic activity: growth, development, and changes, Regional development policy.
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