{"title":"非正式制度的阴暗面:犯罪、腐败和非正式如何影响外国公司的承诺","authors":"Juan Bu, Yadong Luo, Huan Zhang","doi":"10.1002/gsj.1417","DOIUrl":null,"url":null,"abstract":"<div>\n \n \n <section>\n \n <h3> Research Summary</h3>\n \n <p>This study focuses on three prevalent societal issues—crime, corruption, and informal sector—that constitute the dark side of informal institutions in developing countries. We argue that the dark side of informal institutions has the potential to impede foreign firms' desire and ability to commit to the host countries. The effects of these three forms on foreign firms differ depending on the type of local commitment. Analyzing the World Bank data of foreign firms in 36 developing countries, we find that (a) host country corruption is stronger in deterring foreign firms' long-term investment, (b) host country informality is stronger in obstructing foreign firms' innovation output, and (c) host country crime is stronger in undermining foreign firms' production capacity utilization. Our analysis also shows that host country's efficient regulatory institutions and foreign firms' non-market-seeking motive are two important countervailing forces that attenuate the negative effects of the dark side of informal institutions.</p>\n </section>\n \n <section>\n \n <h3> Managerial Summary</h3>\n \n <p>Foreign firms investing in developing countries need to deal with some illegal yet widespread practices in these countries. Specifically, crime, corruption, and informal sector represent the most prevalent and important societal issues that exert informal constraints on foreign firms. This study examines how the negative informal institutions influence foreign firms. Our cross-country analysis using the World Bank data shows that, among the three negative informal institutions, corruption has a stronger effect in deterring foreign firms' investment commitment, informal sector has a stronger effect in obstructing foreign firms' innovation commitment, and crime has a stronger effect in undermining foreign firms' production commitment. Moreover, these negative effects will be alleviated when the developing country has efficient regulatory institutions or when the foreign firm has a low market dependence on the developing country. Our findings provide implications for managers of multinational enterprises (MNEs) investing in developing countries and offer suggestions for policymakers on how to improve the institutional environment for foreign investment.</p>\n </section>\n </div>","PeriodicalId":47563,"journal":{"name":"Global Strategy Journal","volume":null,"pages":null},"PeriodicalIF":5.7000,"publicationDate":"2021-08-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"10","resultStr":"{\"title\":\"The dark side of informal institutions: How crime, corruption, and informality influence foreign firms' commitment\",\"authors\":\"Juan Bu, Yadong Luo, Huan Zhang\",\"doi\":\"10.1002/gsj.1417\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div>\\n \\n \\n <section>\\n \\n <h3> Research Summary</h3>\\n \\n <p>This study focuses on three prevalent societal issues—crime, corruption, and informal sector—that constitute the dark side of informal institutions in developing countries. We argue that the dark side of informal institutions has the potential to impede foreign firms' desire and ability to commit to the host countries. The effects of these three forms on foreign firms differ depending on the type of local commitment. Analyzing the World Bank data of foreign firms in 36 developing countries, we find that (a) host country corruption is stronger in deterring foreign firms' long-term investment, (b) host country informality is stronger in obstructing foreign firms' innovation output, and (c) host country crime is stronger in undermining foreign firms' production capacity utilization. Our analysis also shows that host country's efficient regulatory institutions and foreign firms' non-market-seeking motive are two important countervailing forces that attenuate the negative effects of the dark side of informal institutions.</p>\\n </section>\\n \\n <section>\\n \\n <h3> Managerial Summary</h3>\\n \\n <p>Foreign firms investing in developing countries need to deal with some illegal yet widespread practices in these countries. Specifically, crime, corruption, and informal sector represent the most prevalent and important societal issues that exert informal constraints on foreign firms. This study examines how the negative informal institutions influence foreign firms. Our cross-country analysis using the World Bank data shows that, among the three negative informal institutions, corruption has a stronger effect in deterring foreign firms' investment commitment, informal sector has a stronger effect in obstructing foreign firms' innovation commitment, and crime has a stronger effect in undermining foreign firms' production commitment. Moreover, these negative effects will be alleviated when the developing country has efficient regulatory institutions or when the foreign firm has a low market dependence on the developing country. Our findings provide implications for managers of multinational enterprises (MNEs) investing in developing countries and offer suggestions for policymakers on how to improve the institutional environment for foreign investment.</p>\\n </section>\\n </div>\",\"PeriodicalId\":47563,\"journal\":{\"name\":\"Global Strategy Journal\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":5.7000,\"publicationDate\":\"2021-08-07\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"10\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Global Strategy Journal\",\"FirstCategoryId\":\"91\",\"ListUrlMain\":\"https://onlinelibrary.wiley.com/doi/10.1002/gsj.1417\",\"RegionNum\":2,\"RegionCategory\":\"管理学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"BUSINESS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Global Strategy Journal","FirstCategoryId":"91","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1002/gsj.1417","RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS","Score":null,"Total":0}
The dark side of informal institutions: How crime, corruption, and informality influence foreign firms' commitment
Research Summary
This study focuses on three prevalent societal issues—crime, corruption, and informal sector—that constitute the dark side of informal institutions in developing countries. We argue that the dark side of informal institutions has the potential to impede foreign firms' desire and ability to commit to the host countries. The effects of these three forms on foreign firms differ depending on the type of local commitment. Analyzing the World Bank data of foreign firms in 36 developing countries, we find that (a) host country corruption is stronger in deterring foreign firms' long-term investment, (b) host country informality is stronger in obstructing foreign firms' innovation output, and (c) host country crime is stronger in undermining foreign firms' production capacity utilization. Our analysis also shows that host country's efficient regulatory institutions and foreign firms' non-market-seeking motive are two important countervailing forces that attenuate the negative effects of the dark side of informal institutions.
Managerial Summary
Foreign firms investing in developing countries need to deal with some illegal yet widespread practices in these countries. Specifically, crime, corruption, and informal sector represent the most prevalent and important societal issues that exert informal constraints on foreign firms. This study examines how the negative informal institutions influence foreign firms. Our cross-country analysis using the World Bank data shows that, among the three negative informal institutions, corruption has a stronger effect in deterring foreign firms' investment commitment, informal sector has a stronger effect in obstructing foreign firms' innovation commitment, and crime has a stronger effect in undermining foreign firms' production commitment. Moreover, these negative effects will be alleviated when the developing country has efficient regulatory institutions or when the foreign firm has a low market dependence on the developing country. Our findings provide implications for managers of multinational enterprises (MNEs) investing in developing countries and offer suggestions for policymakers on how to improve the institutional environment for foreign investment.
期刊介绍:
The Global Strategy Journal is a premier platform dedicated to publishing highly influential managerially-oriented global strategy research worldwide. Covering themes such as international and global strategy, assembling the global enterprise, and strategic management, GSJ plays a vital role in advancing our understanding of global business dynamics.