Communication de conférence

The Institutional Diversity of Regions and MNEs' Internationalization

in 55th AIB Annual Meeting, Istanbul, Turkey, July 3-6, 2013

Arregle, Jean-Luc (19..-....) ; Miller, Toyah L. ; Hitt, Michael A. ; Beamish, Paul W. ; Annual Meeting of the Academy of International Business ("Bridging the Divide: Linking IB to Complementary Disciplines and Practice"). 55th, Istanbul, Turkey, July 3-6, 2013

Academy of international business 2013

Semi-globalization emphasizes the role of geographic regions in MNEs’ internationalization due to the possibility of developing region-bound firm specific advantages and arbitrage. In this paper, we develop and test hypotheses about the effects of a region’s institutional diversity on MNEs’ propensity to internationalize in a country, as it influences the possibility and cost of RFSAs and arbitrage. We develop hypotheses about a Ushaped relationship between a region’s institutional diversity, ... differentiating formal and informal institutions, and the propensity of a MNE to internationalize in a country in this region. We test these hypotheses on a sample of Japanese MNEs operating in 45 countries within eight regions. The results validate these U-shaped relationships showing that a region’s diversity plays an important and complex role in semi-globalization. These results present a new perspective to understand how regions’ characteristics explain semi-globalization and MNEs’ internationalization.

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