IDEAS home Printed from https://ideas.repec.org/a/wly/reggov/v1y2007i3p197-212.html

Multinationals and institutional competitiveness

Author

Listed:
  • Peer Hull Kristensen
  • Glenn Morgan

Abstract

This article discusses how institutional competitiveness and multinationals are mutually enriching concepts. Multinationals transfer capital, technology, and knowledge into new settings. They allow subsidiaries access to new markets, new resources, and new processes. Potentially, therefore, institutional competitiveness can be increased by the presence of multinational corporations (MNCs) and their subsidiaries. However, this depends on the type of multinational and the type of institutional context. By differentiating two types of MNC in terms of short‐term and long‐term orientations to investment, and two types of host institutional setting in terms of strength of institutional complementarities and interconnectedness, we develop a typology of four types of interaction between MNCs and institutional settings. We then analyze how each type influences institutional competitiveness. We conclude that these outcomes, while structurally shaped, are still dependent on how actors (individuals, firms, collective organizations, and governments) strategize to develop institutional frameworks in the context of highly competitive global markets.

Suggested Citation

  • Peer Hull Kristensen & Glenn Morgan, 2007. "Multinationals and institutional competitiveness," Regulation & Governance, John Wiley & Sons, vol. 1(3), pages 197-212, September.
    • Handle: RePEc:wly:reggov:v:1:y:2007:i:3:p:197-212
    DOI: 10.1111/j.1748-5991.2007.00017.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1748-5991.2007.00017.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1748-5991.2007.00017.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Froud, Julie, et al, 2000. "Restructuring for Shareholder Value and Its Implications for Labour," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 24(6), pages 771-797, November.
    2. Amable, Bruno, 2003. "The Diversity of Modern Capitalism," OUP Catalogue, Oxford University Press, number 9780199261147.
    3. Elger, Tony & Smith, Chris, 2005. "Assembling Work: Remaking Factory Regimes in Japanese Multinationals in Britain," OUP Catalogue, Oxford University Press, number 9780199241514.
    4. Glenn Morgan & Diana Rosemary Sharpe & William Kelly & Richard Whitley, 2002. "The Future of Japanese Manufacturing in the UK," Journal of Management Studies, Wiley Blackwell, vol. 39(8), pages 1023-1044, December.
    5. Anthony Ferner & Matthias Varul, 2000. "‘Vanguard’ Subsidiaries and the Diffusion of New Practices: A Case Study of German Multinationals," British Journal of Industrial Relations, London School of Economics, vol. 38(1), pages 115-140, March.
    6. Wortmann, Michael, 2000. "What is new about global corporations? Interpreting statistical data on corporate internationalization," Discussion Papers, Research Unit: Organization and Employment FS I 00-102, WZB Berlin Social Science Center.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Vickie Dekocker, 2016. "When do social actors shape sub-national employment policies? Case study evidence from four multinationals in Belgium," Economic and Industrial Democracy, Department of Economic History, Uppsala University, Sweden, vol. 37(4), pages 622-643, November.
    2. Phil Almond & Maria Gonzalez Menendez & Patrick Gunnigle & Jonathan Lavelle & David Luque Balbona & Sinead Monaghan & Gregor Murray, 2014. "Multinationals and regional economies: embedding the regime shoppers?," Transfer: European Review of Labour and Research, , vol. 20(2), pages 237-253, May.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Tony Edwards & Rocío Sánchez-Mangas & Patrice Jalette & Jonathan Lavelle & Dana Minbaeva, 2016. "Global standardization or national differentiation of HRM practices in multinational companies? A comparison of multinationals in five countries," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 47(8), pages 997-1021, October.
    2. Paul Marginson & Paul Edwards & Tony Edwards & Anthony Ferner & Olga Tregaskis, 2010. "Employee Representation and Consultative Voice in Multinational Companies Operating in Britain," British Journal of Industrial Relations, London School of Economics, vol. 48(1), pages 151-180, March.
    3. Anthony Ferner & Jacques Bélanger & Olga Tregaskis & Michael Morley & Javier Quintanilla, 2013. "U.S. Multinationals and the Control of Subsidiary Employment Policies," ILR Review, Cornell University, ILR School, vol. 66(3), pages 645-669, May.
    4. Corinne Perraudin & Héloïse Petit & Antoine Rebérioux, 2007. "Marché boursier et gestion de l'emploi : Analyse sur données d'entreprises françaises," Documents de travail du Centre d'Economie de la Sorbonne r07041, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
    5. Jia, Fu & Rutherford, Christine & Lamming, Richard, 2016. "Cultural adaptation and socialisation between Western buyers and Chinese suppliers: The formation of a hybrid culture," International Business Review, Elsevier, vol. 25(6), pages 1246-1261.
    6. Girardone, Claudia & Kokas, Sotirios & Wood, Geoffrey, 2021. "Diversity and women in finance: Challenges and future perspectives," Journal of Corporate Finance, Elsevier, vol. 71(C).
    7. Grande, Rafael & Muñoz de Bustillo, Rafael & Fernández Macías, Enrique & Antón, José Ignacio, 2020. "Innovation and job quality. A firm-level exploration," Structural Change and Economic Dynamics, Elsevier, vol. 54(C), pages 130-142.
    8. repec:bla:jomstd:v:40:y:2003:i:3:p:609-616 is not listed on IDEAS
    9. Reto Bürgisser & Donato Di Carlo, 2023. "Blessing or Curse? The Rise of Tourism‐Led Growth in Europe's Southern Periphery," Journal of Common Market Studies, Wiley Blackwell, vol. 61(1), pages 236-258, January.
    10. Hein, Eckhard & van Treeck, Till, 2024. "Financialisation and demand and growth regimes: A review of post-Keynesian contributions," ifso working paper series 32, University of Duisburg-Essen, Institute for Socioeconomics (ifso).
    11. Karbowski, Adam, 2019. "Analiza otoczenia instytucjonalnego systemu tworzenia wiedzy w krajach Europy Środkowej [Analysis of the institutional environment of the knowledge subsystem in Central Europe]," MPRA Paper 95570, University Library of Munich, Germany, revised 2019.
    12. repec:spo:wpmain:info:hdl:2441/50jd34uldo9jioklc7b0dpu4ej is not listed on IDEAS
    13. Anthony McDonnell & Jonathan Lavelle & Patrick Gunnigle, 2014. "Human Resource Management in Multinational Enterprises: Evidence From a Late Industrializing Economy," Management International Review, Springer, vol. 54(3), pages 361-380, June.
    14. Joachim Ahrens & Patrick Jünemann, 2011. "Adaptive Efficiency and Pragmatic Flexibility: Characteristics of Institutional Change in Capitalism, Chinese-style," Chapters, in: Werner Pascha & Cornelia Storz & Markus Taube (ed.), Institutional Variety in East Asia, chapter 2, Edward Elgar Publishing.
    15. Amable, Bruno & Azizi, Karim, 2011. "Varieties of capitalism and varieties of macroeconomic policy. Are some economies more procyclical than others?," MPIfG Discussion Paper 11/6, Max Planck Institute for the Study of Societies.
    16. Loris Guery & Anne Stevenot & Geoffrey T. Wood & Chris Brewster, 2017. "The Impact of Private Equity on Employment: The Consequences of Fund Country of Origin—New Evidence from France," Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 56(4), pages 723-750, October.
    17. Tony Edwards & Paul Marginson & Anthony Ferner, 2013. "Multinational Companies in Cross-National Context: Integration, Differentiation, and the Interactions between MNCS and Nation States," ILR Review, Cornell University, ILR School, vol. 66(3), pages 547-587, May.
    18. Robert Boyer, 2007. "Growth strategies and poverty reduction: the institutional complementarity hypothesis," Working Papers halshs-00587703, HAL.
    19. Pisany Paweł, 2016. "Comparative Models of Capitalism in the Areas of Financial System and Corporate Governance – the Diversity of Capitalism Approach Perspective," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 52(1), pages 59-76, December.
    20. Simon Deakin & Prabirjit Sarkar, 2008. "Assessing the Long-Run Economic Impact of Labour Law Systems: A Theoretical Reappraisal and Analysis of New Time Series Data," WEF Working Papers 0043, ESRC World Economy and Finance Research Programme, Birkbeck, University of London.
    21. Pasquale Tridico, 2011. "Varieties of capitalism and responses to the Financial Crisis: the European social Model versus the US Model," Departmental Working Papers of Economics - University 'Roma Tre' 0129, Department of Economics - University Roma Tre.
    22. Ledezma, Ivan, 2013. "Defensive strategies in quality ladders," Journal of Economic Dynamics and Control, Elsevier, vol. 37(1), pages 176-194.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wly:reggov:v:1:y:2007:i:3:p:197-212. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://doi.org/10.1111/(ISSN)1748-5991 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.