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The role of international institutional complexity on emerging market multinational companies Innovation
Jie Wu1; Seung Ho Park2
2019-05
Source PublicationGLOBAL STRATEGY JOURNAL
ISSN2042-5791
Volume9Issue:2Pages:333-353
Other Abstract

Research Summary: This study examines the role ofinternational institutional complexity, which is defined asthe scope and multiplicity of institutional dimensionsacross foreign markets, on emerging market multinational companies' (EMMCs) innovation performance. We pro-pose that international institutional complexity provides learning opportunities for EMMCs' innovation perfor-mance but also incurs higher management costs to handle information overload from overextended internationaliza-tion. We further propose that the host exposure and the heterogeneity of an EMMC's top management team (TMT) moderate the main effect of international institu-tional complexity on EMMC innovation. The empirical testing utilizes a longitudinal panel dataset of 7,072 for-eign expansion steps by 767 Chinese firms from 2001and 2010 and offers strong support for the proposed hypotheses.

Managerial Summary: Despite the emergence of EMMCs over the past 30 years, there is little understand-ing of how international institutional complexity impacts EMMCs' innovation capabilities. By analyzing a longitu-dinal panel dataset of 7,072 foreign expansion steps by 767 Chinese firms from 2001 and 2010, we find that the international institutional complexity of an EMMC has aninverted U-shaped impact (first increasing and then decreasing) on its innovation, such that a moderate levelof international institutional complexity generates the most innovation output. We also find that TMT host exposure and TMT heterogeneity positively moderate the relationship between international institutional complexity and EMMCs' innovation performance. Our study contributes to better understanding EMMCs' international strategies in enhancing their innovation capabilities.

KeywordEmerging Market Multinational Companies Innovation International Institutional Complexity Tmt Heterogeneity Tmt Host Exposure
DOIhttp://doi.org/10.1002/gsj.1166
Indexed BySSCI
Language英语
WOS Research AreaBusiness ; Economics
WOS SubjectManagement
WOS IDWOS:000473084800007
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Cited Times [WOS]:1   [WOS Record]     [Related Records in WOS]
Document TypeJournal article
CollectionDEPARTMENT OF MANAGEMENT AND MARKETING
Corresponding AuthorJie Wu
Affiliation1.Department of Management and Marketing,Faculty of Business Administration, University ofMacau, Avenida da Universidade, Taipa, Macau
2.Department of Strategy and Entrepreneurship,China Europe International Business School,Pudong, People's Republic of China
First Author AffilicationFaculty of Business Administration
Corresponding Author AffilicationFaculty of Business Administration
Recommended Citation
GB/T 7714
Jie Wu,Seung Ho Park. The role of international institutional complexity on emerging market multinational companies Innovation[J]. GLOBAL STRATEGY JOURNAL,2019,9(2):333-353.
APA Jie Wu,&Seung Ho Park.(2019).The role of international institutional complexity on emerging market multinational companies Innovation.GLOBAL STRATEGY JOURNAL,9(2),333-353.
MLA Jie Wu,et al."The role of international institutional complexity on emerging market multinational companies Innovation".GLOBAL STRATEGY JOURNAL 9.2(2019):333-353.
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