Informal institutions and comparative advantage of South-based MNEs: Theory and evidence

Informal institutions and comparative advantage of South-based MNEs: Theory and evidence

This paper builds a theory based on “informal institutions” to characterize the comparative advantage of South-based MNEs. MNEs headquartered in countries with poorer state institutions are shown to endogenously invest more in firm-specific institutional capital to compensate for the lack of state i...

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Bibliographic Details
Main Authors: CHANG, Pao-Li, CHEN, Yuting
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2021
Subjects:
FDI location
Firm productivity
Firm R&D intensity
Informal institution
Finance
International Economics
Technology and Innovation
Online Access:https://ink.library.smu.edu.sg/soe_research/2418
https://ink.library.smu.edu.sg/context/soe_research/article/3417/viewcontent/Informal_institutions_comparative_advantage_South_av.pdf
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Institution: Singapore Management University
Language: English

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https://ink.library.smu.edu.sg/soe_research/2418
https://ink.library.smu.edu.sg/context/soe_research/article/3417/viewcontent/Informal_institutions_comparative_advantage_South_av.pdf

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