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Institutions and Firms’ Performance: A Bibliometric Analysis and Future Research Avenues

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  • Alexandre Oliveira

    (CARME—Centre of Applied Research in Management and Economics, Polytechnic Institute of Leiria, Morro do Lena–Alto Vieiro, 2411-901 Leiria, Portugal
    Faculty of Economics, University of Coimbra CeBER, Avenida Doutor Dias da Silva 165, 3004-512 Coimbra, Portugal)

  • Fernando Carvalho

    (Faculty of Economics, University of Coimbra CeBER, Avenida Doutor Dias da Silva 165, 3004-512 Coimbra, Portugal)

  • Nuno Rosa Reis

    (CARME—Centre of Applied Research in Management and Economics, Polytechnic Institute of Leiria, Morro do Lena–Alto Vieiro, 2411-901 Leiria, Portugal
    School of Technology and Management, Polytechnic Institute of Leiria, Morro do Lena–Alto Vieiro, 2411-901 Leiria, Portugal)

Abstract

International business scholars have recognized the importance of the contextual embeddedness of firms. However, how they matter remains a contested question. Although recent efforts have been made to review the field, it remains unclear how institutions affect firms’ performance. We aim at answering the following research question: How is the intellectual and the conceptual structure of the institutions and firms’ performance field defined? We searched in the WoS and Scopus databases with pre-determined keywords, and we obtained a sample of 1063 articles that we analyzed by conducting the citation and co-citation analyses, keyword co-occurrence analysis, and thematic map analysis. Our bibliometric results portrayed how the intellectual and conceptual structure of the field has evolved. We contribute to the international business literature by providing a one-stop overview of the field, thus identifying current accomplishments and future research avenues on the relationship between institutions and firms’ performance. By analyzing the articles included on the Emerging and Niche clusters, we discuss future research avenues on the topics of sustainability, entrepreneurship, political ties, and institutional quality.

Suggested Citation

  • Alexandre Oliveira & Fernando Carvalho & Nuno Rosa Reis, 2022. "Institutions and Firms’ Performance: A Bibliometric Analysis and Future Research Avenues," Publications, MDPI, vol. 10(1), pages 1-20, February.
    • Handle: RePEc:gam:jpubli:v:10:y:2022:i:1:p:8-:d:751750
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