Legal System Voids and Business-Government Ties in an Emerging Market Environment

• Main Authors: White, George O, Hemphill, Thomas A., Galang, Roberto Martin N, Canabal, Anne
• Format: text
• Published: Archīum Ateneo 2012
• Subjects: business-government interaction; legal system voids; relational ties; Business
• Online Access: https://archium.ateneo.edu/leadership-and-strategy-faculty-pubs/25; https://doi.org/10.5465/AMBPP.2012.16714abstract
• Institution: Ateneo De Manila University

In this study we develop and test a model investigating how wholly owned foreign subsidiaries (WOFSs) create positive performance outcomes when operating in an emerging market with inherent legal system voids. Our analysis of 181 WOFSs in the Philippines suggests that managerial perceptions of legal...