文献类型：期刊文献

英文题名：Internationalization of SMEs from emerging markets: An institutional escape perspective

作者：Wu, Bing[1,2];Deng, Ping[1,2]

机构：[1]East China Univ Sci & Technol, Sch Business, Shanghai 200237, Peoples R China;[2]Cleveland State Univ, Monte Ahuja Coll Business, Cleveland, OH 44115 USA

年份：2020

卷号：108

起止页码：337

外文期刊名：JOURNAL OF BUSINESS RESEARCH

收录：;WOS:【SSCI(收录号:WOS:000518709500028)】；

基金：Both authors contribute equally. We are deeply indebted to Associate Editor Sumit K. Kundu and two anonymous reviewers for their insightful comments and constructive suggestions. We thank Wan Chen for her extremely hard work in collecting data. This research is partially supported by grants from the Natural Science Foundation of China (NSFC) (#71202051, #71972072, #71872053, and #71872161), Shanghai Planning Office of Philosophy and Social Science (#2018BGL007), the Ministry of Education (MOE) Project of Key Research Initiatives of Humanities and Social Sciences at Chinese Universities (#17JZD020), and the Monte Ahuja Endowment Fund for the Chair of Global Business at Cleveland State University. An earlier version of the paper was presented at the 2016 annual conference of the Academy of Management (AOM) and was awarded as one of the best papers.

语种：英文

外文关键词：China; Emerging market firms (EMFs); Entry mode; Institutional arbitrage; Institutional escapism; Location choice; Small and medium-sized firms (SMEs)

摘要：Conceptualized as an escape response to the misalignment between firm needs and home country institutions, institutional escapism appears to be ignored in the research on emerging market firms (EMFs) and particularly small medium-sized enterprises (SMEs). As an integral part of institutional theory, however, the escape view could be especially applicable to study the internationalization of SMEs from emerging markets. To fill the research gap, we develop a theoretical framework of institutional escapism with institutional arbitrage as a functioning mechanism. Based on an empirical analysis of 319 private SMEs in China, we find that SMEs tend to escape to a host country with institutions different from their home country and choose an entry mode of low-resource commitment, revealing a solid institutional arbitrage logic by partially escaping from domestic market. We also demonstrate that such choice of location and entry mode does not change with economic development of a host country. By explicitly showing that escape orientation and arbitrage logic are not necessarily independent or as separate as they were treated in the literature, our integrating approach provides a relatively fuller picture of the internationalization of EMFs and especially Chinese SMEs.