Theoretical foundations of emerging economy business research

• Meyer, Klaus E. 
• Peng, Mike W. 

Indexed by

SSCI Scopus FT ABDC-A*

Abstract

In　“Probing　Theoretically　into　Central　and　Eastern　Europe:　Transactions,　Resources,　and　Institutions,”　we　outlined　the　contributions　of　research　in　Central　and　Eastern　Europe　(CEE)　to　theoretical　debates　in　business　research.　In　this　retrospective,　we　reflect　upon　the　evolution　of　the　field　over　the　past　decade.　With　the　fading　impact　of　CEE’s　distinct　shared　history,　we　suggest　that　CEE　best　be　analyzed　as　emerging　economies,　rather　than　as　a　distinct　geographic　entity.　Emerging　economy　business　research　is　converging　on　common　themes　and　shared　theoretical　ideas,　while　identifying　critical　variations　that　constrain　generalizations　among　and　beyond　emerging　economies.　This　research　thus　highlights　the　need　to　develop　a　better　understanding　of　the　boundary　conditions　of　scholarly　theories　of　business　knowledge.　Over　the　past　decade,　the　institution-based　view　has　emerged　from　distinct　intellectual　traditions　in　institutional　economics,　organizational　theory,　and　the　analysis　of　business–government　bargaining.　Research　in　these　converging　lines　of　theorizing　places　contextual　variations　at　the　center　of　explanations　of　business　phenomena　around　the　world.　We　suggest　that　the　institution-based　view　is　evolving　toward　a　paradigm,　and　offer　suggestions　on　how　to　advance　this　research　agenda　further,　in　particular　by　exploring　how　firms　engage　with　different　sets　of　potentially　conflicting　institutions　at　multiple　levels　and　locations.

Keyword

• Central and Eastern Europe (CEE)
• context of business
• emerging economies
• institution-based view
• paradigm
• ultilevel institutions

Author Community

[Meyer, Klaus E.] CEIBS, Dept Management, 699 Hongfeng Rd, Shanghai 201206, Peoples R China

[Peng, Mike W.] Univ Texas Dallas, Jindal Sch Management, Richardson, TX 75083 USA

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