CCS Articles 3, 4

3 flashcards · Other · by Daniel F.

1. role of institutions in the IB approach vs CC approach (Jackson, G., & Deeg, R. (2008))

   International Business approach how institutions impact transaction costs and create incentives and constraints for MNEs institutional diversity in terms of its distance from an MNE's home country or ideal-typical liberal markets Success of MNE’s in host countries is dependent on ability to adapt to, or “fit” with institutional environment. No institutional evolution Comparative Capitalisms approach how institutions across several economic domains interact to form distinct national constellatio…

2. IB vs CC

   using both can account for better influence of large MNE's to national institutions

3. Mapping the business systems of 61 major economies (Witt, M. A., Kabbach de Castro, L. R., Amaeshi, K., Mahroum, S., Bohle, D., & Saez, L. (2018))

   underlying drivers other than geography that shape these systems The findings support the validity of the CME versus LME dichotomy for parts of the OECD, but not for the rest of the world state-led and family-led capitalism as business systems are called into doubt