Utilizing an Integrative Multilens Model

Numerous studies have examined firm performance primarily in emerging economies such as Central and Eastern Europe and China. These economies had institutional voids characterized by major institutional gaps associated with transitioning from command-based systems to free market systems. These economies, however, had moderate levels of factors of production. This study extends the literature on emerging economies in four distinct ways. First, we call for an examination of firm performance in a category of underresearched emerging economies that we call "double void." These have low levels of both market institutions and factors of production. Second, we develop a model integrating two theoretical perspectives used in current research (institutional theory and resource-based theory) with resource-dependence theory, which has not been used much but is particularly relevant to double-void emerging economies. Third, we use our integrative multilens model to highlight factors affecting firm performance in double-void contexts. Fourth, we explore and highlight several research implications of this study and propose further research in emerging economies.