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The Impact of Institutional Transformations on MNEs Entrepreneurship in Emerging Economies

Author

Listed:
  • Xanthippe Adamoglou

    (Department of Balkan, Slavic & Oriental Studies, Adjunct Lecturer, University of Macedonia, Greece.)

  • Yannis Hajidimitriou

    (Professor, Department of Business Administration, University of Macedonia, Greece.)

Abstract

This paper examines how an emerging economy’s institutional context motivates different forms of MNE entrepreneurship, which, subsequently, leads either to economic development or economic growth. To do so, the paper distinguishes emerging economies’ institutional environment into a state of stable conditions and a state of crisis and it reconciles such a distinction with Cantwell’s et al. (2010) coevolution framework. Secondary statistic data, in conjunction with the appreciative method, have been applied to test the three hypotheses developed. Results reveal that in the periods 1990-2001 and 2008-2011 institutional avoidance and adaptation took place. In the period 2002-2007 institutional coevolution emerged, while in the period 2012-2016 institutional avoidance prevailed.

Suggested Citation

  • Xanthippe Adamoglou & Yannis Hajidimitriou, 2021. "The Impact of Institutional Transformations on MNEs Entrepreneurship in Emerging Economies," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 71(3-4), pages 48-66, July-Dece.
    • Handle: RePEc:spd:journl:v:71:y:2021:i:3-4:p:48-66
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    References listed on IDEAS

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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Multinational enterprises; emerging economies; FDI; institutional development; economic development; economic growth;
    All these keywords.

    JEL classification:

    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
    • L24 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Contracting Out; Joint Ventures
    • L24 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Contracting Out; Joint Ventures

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