subject:(local isomorphism strategy)

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University of Southern California

1. Wu, Zheying. Three essays on distance: examing the role of institutional distance on foreign firm entry, local isomorphism strategy and subsidiary performance.

Degree: PhD, Business Administration, 2009, University of Southern California

URL: http://digitallibrary.usc.edu/cdm/compoundobject/collection/p15799coll127/id/599523/rec/7464

This dissertation consists of three essays on the impact of institutional distance on foreign firm entry, local isomorphism strategy and foreign subsidiary performance. These studies employ two samples: the first one includes the foreign banks that entered the United States from 61 home countries during 1956-2006. The second one includes all foreign bank subsidiaries (83 in Essay 2 and 84 in Essay 3) that operated in the United States from 1978 to 2006.; The first essay focuses on the impact of institutional distance on foreign firm entry. It examines the relationship between the cultural/economic/regulatory/political distances and the number of foreign entrants from a particular home country. Moreover, it tests whether vicarious experience moderates the impact of institutional distance. The results support the argument that fewer foreign firms enter the host country market as the institutional distance increases. In addition, the finding also suggests that the negative impact of institutional distance on foreign firm entry is likely to decrease as there are more prior entrants from the same home country.; The second essay examines foreign firms’ decision to imitate local domestic competitors, i.e. the local isomorphism strategy. In this essay, I argue that foreign firms are likely to imitate local domestic incumbents more as the institutional distance increases. Furthermore, this impact of institutional distance is likely to be moderated as foreign firms learn from others’ experience and their own experience. The empirical findings support the primary argument by showing that foreign banks imitate local U.S. banks to a greater extent as the cultural/economic/regulatory distance between the home country and the U.S. increases. Moreover, this impact of institutional distance persists over time.; The third essay tests the performance impact of local isomorphism strategy. Contrary to prior research, this study finds a positive association between local isomorphism and foreign subsidiary performance. In this empirical test, local isomorphism strategy is treated as a self-selected endogenous variable. The results support the hypothesis that local isomorphism strategy, as a function of individual firm characteristics and environmental conditions, has a positive impact on foreign subsidiary performance. Advisors/Committee Members: Salomon, RobertMayer, Kyle J. (Committee Chair), Kim, Jay (Committee Member), Rajagopalan, Nandini (Committee Member), Hsiao, Cheng (Committee Member).

Subjects/Keywords: institutional distance; entry; local isomorphism strategy; foreign subsidiary performance; international business; strategy

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APA (6^th Edition):

Wu, Z. (2009). Three essays on distance: examing the role of institutional distance on foreign firm entry, local isomorphism strategy and subsidiary performance. (Doctoral Dissertation). University of Southern California. Retrieved from http://digitallibrary.usc.edu/cdm/compoundobject/collection/p15799coll127/id/599523/rec/7464

Chicago Manual of Style (16^th Edition):

Wu, Zheying. “Three essays on distance: examing the role of institutional distance on foreign firm entry, local isomorphism strategy and subsidiary performance.” 2009. Doctoral Dissertation, University of Southern California. Accessed January 20, 2021. http://digitallibrary.usc.edu/cdm/compoundobject/collection/p15799coll127/id/599523/rec/7464.

MLA Handbook (7^th Edition):

Wu, Zheying. “Three essays on distance: examing the role of institutional distance on foreign firm entry, local isomorphism strategy and subsidiary performance.” 2009. Web. 20 Jan 2021.

Vancouver:

Wu Z. Three essays on distance: examing the role of institutional distance on foreign firm entry, local isomorphism strategy and subsidiary performance. [Internet] [Doctoral dissertation]. University of Southern California; 2009. [cited 2021 Jan 20]. Available from: http://digitallibrary.usc.edu/cdm/compoundobject/collection/p15799coll127/id/599523/rec/7464.

Council of Science Editors:

Wu Z. Three essays on distance: examing the role of institutional distance on foreign firm entry, local isomorphism strategy and subsidiary performance. [Doctoral Dissertation]. University of Southern California; 2009. Available from: http://digitallibrary.usc.edu/cdm/compoundobject/collection/p15799coll127/id/599523/rec/7464

2. Zhang, Xueyuan. Strategizing of Foreign Firms in China: An institution-based perspective.

Degree: 2007, Erasmus Research Institute of Management

URL: http://hdl.handle.net/1765/10721

textabstractChina has been assuming a prominent position in the world economy and one of the most attractive destinations for FDI. However, the popular press often points to institutional voids and difficulties that foreign firms face in operation. How foreign firms strategize in China, therefore, becomes a very important question to both academics and practitioners. This book offers an institutional perspective. Based on a detailed analysis of ownership choice and political activities of foreign firms, the book shows that the interaction between institutions and foreign firms accounts much for strategic decisions. In the context of China, it is local institutions, such as local governments and local business societies, which play a substantial role in shaping the behaviour of foreign firms. As a response, foreign firms must "think local", appreciating the role of local institutions and fitting their behaviour to local circumstances within China. Doing so through a process of learning by doing ex post entry is costly. Therefore, foreign firms need to build up capabilities to manage formal and informal institutions effectively at the local level. From a theoretical perspective, the findings in this book contribute significantly to international business and strategy research into transition economies by contextualizing the existing theories and adding a local perspective.

Subjects/Keywords: MNC; china; entry strategy; foreign subsidiaries; institution-based perspective; international business; internationalization; isomorphism; learning; local perspective; political strategy

Record Details Similar Records Cite « Share

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APA · Chicago · MLA · Vancouver · CSE | Export to Zotero / EndNote / Reference Manager

APA (6^th Edition):

Zhang, X. (2007). Strategizing of Foreign Firms in China: An institution-based perspective. (Doctoral Dissertation). Erasmus Research Institute of Management. Retrieved from http://hdl.handle.net/1765/10721

Chicago Manual of Style (16^th Edition):

Zhang, Xueyuan. “Strategizing of Foreign Firms in China: An institution-based perspective.” 2007. Doctoral Dissertation, Erasmus Research Institute of Management. Accessed January 20, 2021. http://hdl.handle.net/1765/10721.

MLA Handbook (7^th Edition):

Zhang, Xueyuan. “Strategizing of Foreign Firms in China: An institution-based perspective.” 2007. Web. 20 Jan 2021.

Vancouver:

Zhang X. Strategizing of Foreign Firms in China: An institution-based perspective. [Internet] [Doctoral dissertation]. Erasmus Research Institute of Management; 2007. [cited 2021 Jan 20]. Available from: http://hdl.handle.net/1765/10721.

Council of Science Editors:

Zhang X. Strategizing of Foreign Firms in China: An institution-based perspective. [Doctoral Dissertation]. Erasmus Research Institute of Management; 2007. Available from: http://hdl.handle.net/1765/10721

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