缓解新兴市场软硬基础设施不足的问题

IF 8.9 1区 管理学 Q1 BUSINESS
Juan Bu , Alvaro Cuervo-Cazurra , Yadong Luo , Stephanie Lu Wang
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引用次数: 0

摘要

本研究探讨了软基础设施和硬基础设施不足对外国企业在新兴市场投资的影响,以及企业缓解这种影响的战略。软基础设施是指制度和法规等无形要素,而硬基础设施则包括交通、能源系统和供水等有形要素。根据资源依赖理论,我们认为外国企业很可能会减少在软硬基础设施不足的国家的投资规模,以降低不确定性。我们进一步提出了两项战略来减轻基础设施不足的负面影响。首先,外国企业可以采取影响战略,增加对东道国政府的影响力,以减轻软基础设施不足的负面影响。其次,可以采取屏蔽战略,减少对东道国政府的依赖,尤其是在处理硬基础设施缺陷时。我们分析了 2005 年至 2020 年间在 88 个新兴经济体运营的 3341 家外国企业的样本数据,发现这些论点得到了经验支持,突出了基础设施因素对外国企业在新兴经济体投资的重要意义。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Mitigating soft and hard infrastructure deficiencies in emerging markets

This study examines the impact of soft and hard infrastructure deficiencies on foreign firms’ investments in emerging markets and firm strategies to mitigate such impact. Soft infrastructure refers to intangible components such as institutions and regulations, while hard infrastructure encompasses tangible physical components like transportation, energy systems, and water supply. Drawing on resource dependence theory, we argue that foreign firms are likely to decrease their investment scale in countries with deficient soft and hard infrastructures to reduce uncertainty. We further propose two strategies to mitigate the negative effects of infrastructure deficiencies. First, foreign firms can adopt an influencing strategy, increasing their influence on the host government to alleviate the negative impact of soft infrastructure deficiencies. Second, a shielding strategy can be employed to reduce dependence on the host government, particularly when dealing with hard infrastructure deficiencies. We analyze data from a sample of 3,341 foreign firms operating in 88 emerging economies between 2005 and 2020 and find empirical support for these arguments, highlighting the significance of infrastructural considerations for foreign investments in emerging economies.

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来源期刊
CiteScore
16.50
自引率
11.20%
发文量
73
期刊介绍: The Journal of World Business holds a distinguished position as a leading publication within the realm of International Business. Rooted in a legacy dating back to 1965, when it was established as the Columbia Journal of World Business, JWB is committed to disseminating cutting-edge research that reflects significant advancements in the field. The journal actively seeks submissions that propel new theoretical frameworks and innovative perspectives on International Business phenomena. Aligned with its domain statement, submissions are expected to possess a clear multinational, cross-border, or international comparative focus, while remaining pertinent to the study of management and organizations. JWB particularly encourages submissions that challenge established theories or assumptions, presenting pioneering or counterintuitive findings. With an inclusive approach, the journal welcomes contributions from diverse conceptual and theoretical traditions, encompassing allied social sciences and behavioral sciences. Submissions should either develop new theories or rigorously test existing ones, employing a variety of qualitative, quantitative, or other methodological approaches. While JWB primarily caters to scholars and researchers, it values contributions that explore implications for Multinational Enterprises and their management, as well as ramifications for public policy and the broader societal role of business.
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