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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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2021
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| Subjects: | |
| 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 |