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

IF 5.7 2区 管理学 Q1 BUSINESS
Juan Bu, Yadong Luo, Huan Zhang
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引用次数: 10

摘要

本研究聚焦于构成发展中国家非正式制度阴暗面的三个普遍的社会问题——犯罪、腐败和非正规部门。我们认为,非正式制度的阴暗面有可能阻碍外国公司对东道国作出承诺的愿望和能力。这三种形式对外国公司的影响取决于当地承诺的类型。通过分析世界银行在36个发展中国家的外国公司数据,我们发现(a)东道国的腐败在阻止外国公司的长期投资方面更强,(b)东道国的非正式行为在阻碍外国公司的创新产出方面更强,(c)东道国的犯罪在破坏外国公司的产能利用方面更强。分析还表明,东道国的有效监管制度和外国企业的非市场动机是两股重要的抵消力量,可以减弱非正式制度黑暗面的负面影响。在发展中国家投资的外国公司需要处理这些国家普遍存在的一些非法行为。具体来说,犯罪、腐败和非正规部门代表了对外国公司施加非正式限制的最普遍和最重要的社会问题。本研究探讨负面非正式制度如何影响外资企业。我们利用世界银行数据进行的跨国分析表明,在三种负面非正式制度中,腐败在阻碍外国企业投资承诺方面的作用更强,非正式部门在阻碍外国企业创新承诺方面的作用更强,犯罪在破坏外国企业生产承诺方面的作用更强。此外,当发展中国家拥有有效的监管机构或外国公司对发展中国家的市场依赖性较低时,这些负面影响将得到缓解。研究结果为在发展中国家投资的跨国企业管理者提供了启示,并为政策制定者提供了如何改善外国投资制度环境的建议。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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.

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来源期刊
CiteScore
14.20
自引率
11.80%
发文量
46
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.
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