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In the absence of well-developed, formal institutional frameworks, informal network-based strategies have been argued to be especially viable in emerging economies. However, some empirical research has challenged these earlier theoretical arguments. In light of new evidence, this chapter develops a contingency perspective differentiating firms' networks as strong ties and weak ties. It suggests that while strong-tie networks are typically found during the early phase of institutional transitions, weak-tie networks are more likely to be developed and leveraged during the late phase of transitions. The upshot is that as the performance benefits of strong ties decline during institutional transitions, emerging weak ties' impact on firm performance is likely to increase.

The purpose of this paper is to examine an important yet underexplored research question in the literature: What determines the length of contract governing buyer–supplier relationships during market transitions? The length of contract is a solid indicator of the comprehensiveness of a contract. By integrating transaction costs economics, the embeddedness perspective and the institution-based view, the paper develops a model that incorporates specific investments and perceived opportunism, strategies to select suppliers and buyer firms’ confidence in the institutional environment. It further posits how buyer firms’ dependence on suppliers moderates these relationships.

Data were collected nationwide via face-to-face interviews with 328 executives in 164 Chinese firms who shared information pertaining to 774 buyer–supplier contracts. A fine-grained mixed-empirical method was designed to test the proposed hypotheses, to confirm the reliability and to generalize the research findings.

All the proposed factors significantly influence the length of the contract. Results obtained through a moderated mediating model suggest that buyers with supplier-specific investments and that choose market-based selection relative to a relationship-based tend to perceive more opportunism in buyer–supplier relationships, which will lead to shortening the length of the contract. However, the buyer’s perception of opportunism will decrease when buyers perceive higher levels of confidence in their legal institutions.

The study discusses several practical implications for B2B managers who typically involve in interfirm exchanges as well as for emerging economies’ institutions.

Leveraging theoretical insights from transaction cost economics, the institution-based view and buyer–supplier relationships literature, this empirical study adds unique contributions to B2B research in general and emerging economies’ institutional literature in particular.

This study explains the international opportunity development of SMEs from emerging economies during institutional transition. This research enriches our understanding of how these firms adopt different approaches to developing international opportunities when they confront the turbulent institutional environment. We develop a phase-based framework for the evolution of transitional institution for SMEs’ internationalization and the SMEs’ internationalization process in that framework. By providing an empirical case study of a privately owned SME from China, the main finding is that SMEs from emerging economies become more entrepreneurial and proactive in developing the international opportunity during the institutional transition.

This paper points out new directions for the deepening and broadening of the institution-based view, by drawing on three streams of research with which I have been involved recently: (1) outward foreign direct investment from emerging economies, (2) bankruptcy laws and entrepreneurship development, and (3) institution-based research focusing on Africa. Such deepening has been accomplished by enhancing our institution-based understanding of foreign direct investment with a focus on emerging multinationals, while broadening has been done both substantively by probing into the impact of bankruptcy laws on entrepreneurship development around the world and geographically by calling for enhanced research attention on Africa via an institution-based lens.

Drawing on the resource-based view and network theory, the purpose of this paper is to investigate the role of external networks (ENs) and absorptive capacity (AC) in export market location decision of emerging economy firms (EEFs) and the performance implication of this decision.

This study employs structural equation modeling to test three hypotheses: first, ENs influence an EEF manager's propensity to enter culturally/psychically distant markets for exports. Distant markets are more likely to be chosen by managers of firms with abundant ENs. Second, AC moderates this network-market location relationship. Third, superior performance results from the fit between managers’ propensity to enter a market and firms’ levels of ENs and AC.

An analysis of 196 Chinese exporting firms supports the hypotheses.

Though the theoretical discussion is general, the empirical context is specific to Chinese export manufacturers. Replicating the study is necessary in different contexts.

The study identifies to managers the importance of external (i.e. ENs) and internal resources and capabilities (i.e. AC) and linkages between resources and capabilities, strategy and performance.

The study is novel in conceptually addressing the role of ENs and AC in firms’ decision making and performance and in testing hypotheses with robust methodology and data.

The purpose of this paper is to draw from organizational ecology and institutional theory, the authors suggest that there will be a curvilinear relationship between legal system uncertainty and foreign direct investment (FDI) attraction in Southeast Asia. The authors extend theory by arguing that this is because uncertainty will provide opportunities for FDI that seek this form of operating environment, leveraging legal system uncertainty as a basis for competitive advantage.

The authors test and find support for the hypotheses using FDI data from nine Southeast Asian countries for the years 1995-2005.

In this paper, the authors hypothesize and find that the relationship between legal system uncertainty and FDI attraction is curvilinear in nature, such that FDI attraction decreases with legal system uncertainty down to an inflection point, but then increases beyond this point; and that the relationship between legal system uncertainty and FDI attraction is moderated by government intervention in the host country economy, such that the strength of this relationship is greater when government intervention is high rather than when it is low. Implications of the findings and suggestions for future inquiry are presented.

Conventional wisdom suggests that legal system uncertainty will negatively affect FDI attraction. However, to date, research on the effects of legal system uncertainty on FDI attraction in emerging markets has received very little attention. The aim of this research study is to shed new light on how, under certain conditions, legal system uncertainty will attract FDI in Southeast Asia.

This chapter focuses on the influence of the home government on the internationalization of Russian multinational enterprises (MNEs). It views government involvement and political connectedness as a form of informal connections and networks that seriously impact operations in general and internationalization, in particular in the case of Russian multinationals. Using the literature on MNEs from emerging markets and our familiarity with Russian business and political specificities, we develop a set of five propositions devoted to the subject. We further discuss the research and management implications of our analysis.

Firms’ strategic responses to environmental shifts under conditions of uncertainty in the wake of institutional changes are far from understood. We utilize data from over 1,200 firms in seven Central Eurasian transition economies to examine the extent to which institutional inefficiency is predictive of the response strategies employed by the firms in their environments. We also examine how firms maneuver in the environment through an innovative effort in developing new products, opening new plants or upgrading product lines and technologies. Our results seem indicative of both an adaptive and an innovative effort by firms in these countries. The results are discussed with respect to empirical limitations and future research avenues in these transition economies.

This study conducts a systematic literature review on the determination of urban land value to offer a comprehensive understanding of the methods, datasets, themes and factors of land value. The study aims to identify research gaps and suggest directions for future research in urban land value.

The study adopts the systematic literature review (SLR) approach to synthesize the literature on urban land value. The SLR is structured according to a three-stage protocol, involving planning, conducting and reporting to ensure transparency and reproducibility. Quantitative bibliometric analysis and qualitative hierarchical thematic analysis are used to assess the evolution of research and to identify key themes and factors.

The study reveals an unbalanced research focus on developed economies and residential land in urban land value literature. A hierarchical framework categorizes 644 factors into 25 subthemes and 8 themes across physical dimensions (e.g. land attributes and structure attributes) and market dimensions (e.g. land market and macroeconomic conditions). Two primary estimation methods – regression and residual – are identified, each suitable based on data availability. The literature’s evolution is driven by advances in empirical methods. An extensive catalog of databases is compiled, and a corresponding menu of methods is discussed with a focus on empirical identification strategies.

The study is limited by the focus on urban land value and the exclusion of agricultural, recreational and transportation land. Future research should expand to other land types and integrate new data sources and advanced methodologies such as machine learning to enhance empirical robustness.

The systematic review provides a foundation for practical applications and policy discussions on land value estimation and taxation. It offers a useful catalog of land value databases and a menu of land evaluation methods. They are useful for real estate businesses to perform accurate land evaluations and investment appraisals. They can also assist governments in determining precise land value for tax assessments and public policy formulation.

This paper is among the first to apply the SLR approach to urban land value – the price of an essential asset owned by households, businesses and governments. A key contribution is the identification of two distinct evolution patterns of literature: a “pine tree” pattern, showing linear, accumulative growth using homogeneous methodologies (e.g. regression methods) and a “palm tree” pattern, where diverse methods (e.g. residual methods) form independent branches. This analysis provides a new perspective on how methodological homogeneity influences the structure of research themes, offering insights into the dynamics of knowledge development in the field and in general.

The purpose of this paper was to compare the electrochemical homogeneity of AZ91D after various heat treatment processes, and its influence on the growth, composition, microstructure and corrosion resistance of phosphate conversion coatings.

The electrochemical activity of different heat-treated Mg alloys was evaluated via scanning vibrational electrode technique; the characterization of the microstructure and phase composition of coatings was conducted using a scanning electron microscope and X-ray diffraction. The corrosion resistance was evaluated by electrochemical tests and accelerated neutral salt spray tests.

T6 treatment increased the electrochemical homogeneity, while T4 treatment decreased the microstructure homogeneity of AZ91D magnesium alloy, due to the existence of residual Al-Mn impurity phase. The phosphate conversion coating (PCC) on T6 heat-treated Mg alloys showed the most compact microstructure and the best corrosion resistance, while the coating on the T4 heat-treated Mg alloy exhibited the worst microstructure and corrosion resistance.

The microstructure and protectiveness of coatings are related to the homogeneousness of Mg alloy: an Mg substrate with a more heterogeneous electrochemical reactivity yields a PCC with less protectiveness, which could be explained by the difference of precipitation kinetics at the metal/electrolyte interface.