메뉴 건너뛰기




Volumn 36, Issue 12, 2015, Pages 1845-1865

Unbundling the effects of institutions on firm resources: The contingent value of being local in emerging economy private equity

Author keywords

agency theory; emerging economies; institutions based view; local resources; private equity (PE)

Indexed keywords

INVESTMENTS;

EID: 84945452210     PISSN: 01432095     EISSN: 10970266     Source Type: Journal    
DOI: 10.1002/smj.2312     Document Type: Article
Times cited : (65)

References (93)
  • 2
    • 33644799969 scopus 로고    scopus 로고
    • Venture capital in emerging economies: Networks and institutional change
    • Ahlstrom D, Bruton G,. 2006. Venture capital in emerging economies: networks and institutional change. Entrepreneurship: Theory and Practice 30 (2): 299-320.
    • (2006) Entrepreneurship: Theory and Practice , vol.30 , Issue.2 , pp. 299-320
    • Ahlstrom, D.1    Bruton, G.2
  • 3
    • 33749645730 scopus 로고    scopus 로고
    • Venture capital and corporate governance
    • In, Cornelius P. Kogut B.M. (eds). New York, NY: Oxford University Press.
    • Allen F, Song WL,. 2003. Venture capital and corporate governance. In Corporate Governance and Capital Flows in a Global Economy, Cornelius P, Kogut BM, (eds). New York, NY: Oxford University Press; 133-156.
    • (2003) Corporate Governance and Capital Flows in A Global Economy , pp. 133-156
    • Allen, F.1    Song, W.L.2
  • 4
    • 84899793442 scopus 로고    scopus 로고
    • Do firms want to borrow more? Testing credit constraints using a directed lending program
    • Banerjee A, Duflo E,. 2014. Do firms want to borrow more? Testing credit constraints using a directed lending program. The Review of Economic Studies, 81 (2): 572-607.
    • (2014) The Review of Economic Studies , vol.81 , Issue.2 , pp. 572-607
    • Banerjee, A.1    Duflo, E.2
  • 7
    • 2442603616 scopus 로고    scopus 로고
    • Entrepreneurs' access to private equity in China: The role of social capital
    • Batjargal B, Liu M,. 2004. Entrepreneurs' access to private equity in China: the role of social capital. Organization Science 15 (2): 159-172.
    • (2004) Organization Science , vol.15 , Issue.2 , pp. 159-172
    • Batjargal, B.1    Liu, M.2
  • 9
    • 0000577806 scopus 로고    scopus 로고
    • Venture capital and the structure of capital markets: Banks versus stock markets
    • Black B, Gilson R,. 1998. Venture capital and the structure of capital markets: banks versus stock markets. Journal of Financial Economics 47 (3): 243-277.
    • (1998) Journal of Financial Economics , vol.47 , Issue.3 , pp. 243-277
    • Black, B.1    Gilson, R.2
  • 11
    • 8344256454 scopus 로고    scopus 로고
    • When Mickey Loses Face: Recontextualization, Semantic Fit, and the Semiotics of Foreignness
    • Brannen MY, (2004). " When Mickey Loses Face: Recontextualization, Semantic Fit, and the Semiotics of Foreignness." Academy of Management Review 29 (4): 593-616.
    • (2004) Academy of Management Review , vol.29 , Issue.4 , pp. 593-616
    • Brannen, M.Y.1
  • 12
    • 0037355895 scopus 로고    scopus 로고
    • An institutional view of China's venture capital industry: Explaining the differences between China and the West
    • Bruton G, Ahlstrom D,. 2003. An institutional view of China's venture capital industry: explaining the differences between China and the West. Journal of Business Venturing 18 (2): 233-259.
    • (2003) Journal of Business Venturing , vol.18 , Issue.2 , pp. 233-259
    • Bruton, G.1    Ahlstrom, D.2
  • 13
    • 67650904181 scopus 로고    scopus 로고
    • Institutional differences and the development of entrepreneurial ventures: A comparison of the venture capital industries in Latin America and Asia
    • Bruton G, Ahlstrom D, Puky T,. 2009. Institutional differences and the development of entrepreneurial ventures: a comparison of the venture capital industries in Latin America and Asia. Journal of International Business Studies 40 (5): 762-778.
    • (2009) Journal of International Business Studies , vol.40 , Issue.5 , pp. 762-778
    • Bruton, G.1    Ahlstrom, D.2    Puky, T.3
  • 17
    • 84959825367 scopus 로고
    • From entry barriers to mobility barriers: Conjectural decisions and contrived deterrence to new competition
    • Caves R, Porter M,. 1977. From entry barriers to mobility barriers: conjectural decisions and contrived deterrence to new competition. Quarterly Journal of Economics 91 (2): 241-261.
    • (1977) Quarterly Journal of Economics , vol.91 , Issue.2 , pp. 241-261
    • Caves, R.1    Porter, M.2
  • 18
    • 55349132382 scopus 로고    scopus 로고
    • Which country matters? Institutional development and foreign affiliate performance
    • Chan C, Isobe T, Makino S,. 2008. Which country matters? Institutional development and foreign affiliate performance. Strategic Management Journal 29 (11): 1179-1205.
    • (2008) Strategic Management Journal , vol.29 , Issue.11 , pp. 1179-1205
    • Chan, C.1    Isobe, T.2    Makino, S.3
  • 19
    • 84992985166 scopus 로고
    • International expansion strategy of Japanese firms: Capability building through sequential entry
    • Chang SJ,. 1995. International expansion strategy of Japanese firms: capability building through sequential entry. Academy of Management Journal 38 (2): 383-407.
    • (1995) Academy of Management Journal , vol.38 , Issue.2 , pp. 383-407
    • Chang, S.J.1
  • 20
    • 0036501819 scopus 로고    scopus 로고
    • How much does the business group matter in Korea?
    • Chang SJ, Hong J,. 2002. How much does the business group matter in Korea? Strategic Management Journal 23 (3): 265-274.
    • (2002) Strategic Management Journal , vol.23 , Issue.3 , pp. 265-274
    • Chang, S.J.1    Hong, J.2
  • 21
    • 83555165015 scopus 로고    scopus 로고
    • Sustaining superior performance in an emerging economy: An empirical test in the Indian context
    • Chari M, David P,. 2011. Sustaining superior performance in an emerging economy: an empirical test in the Indian context. Strategic Management Journal 33 (2): 217-229.
    • (2011) Strategic Management Journal , vol.33 , Issue.2 , pp. 217-229
    • Chari, M.1    David, P.2
  • 22
    • 73949114872 scopus 로고    scopus 로고
    • Promarket reforms and firm profitability in developing countries
    • Cuervo-Cazurra A, Dau LA,. 2009. Promarket reforms and firm profitability in developing countries. Academy of Management Journal 52 (6): 1348-1368.
    • (2009) Academy of Management Journal , vol.52 , Issue.6 , pp. 1348-1368
    • Cuervo-Cazurra, A.1    Dau, L.A.2
  • 23
    • 49949091364 scopus 로고    scopus 로고
    • Transforming disadvantages into advantages: Developing country MNEs in the least developed countries
    • Cuervo-Cazurra A, Genc M,. 2008. Transforming disadvantages into advantages: developing country MNEs in the least developed countries. Journal of International Business Studies 39 (6): 957-979.
    • (2008) Journal of International Business Studies , vol.39 , Issue.6 , pp. 957-979
    • Cuervo-Cazurra, A.1    Genc, M.2
  • 24
    • 77951854660 scopus 로고    scopus 로고
    • Private equity returns and disclosure around the world
    • Cumming D, Walz U,. 2010. Private equity returns and disclosure around the world. Journal of International Business Studies 41 (4): 727-754.
    • (2010) Journal of International Business Studies , vol.41 , Issue.4 , pp. 727-754
    • Cumming, D.1    Walz, U.2
  • 25
    • 33846421594 scopus 로고    scopus 로고
    • The legitimacy of strategic alliances: An institutional perspective
    • Dacin M, Oliver C, Roy J,. 2007. The legitimacy of strategic alliances: an institutional perspective. Strategic Management Journal 28 (2): 169-187.
    • (2007) Strategic Management Journal , vol.28 , Issue.2 , pp. 169-187
    • Dacin, M.1    Oliver, C.2    Roy, J.3
  • 26
    • 0035604885 scopus 로고    scopus 로고
    • Survival and profitability: The roles of experience and intangible assets in foreign subsidiary performance
    • Delios A, Beamish P,. 2001. Survival and profitability: the roles of experience and intangible assets in foreign subsidiary performance. Academy of Management Journal 44 (5): 1028-1038.
    • (2001) Academy of Management Journal , vol.44 , Issue.5 , pp. 1028-1038
    • Delios, A.1    Beamish, P.2
  • 27
    • 0034339405 scopus 로고    scopus 로고
    • Japanese firms' investment strategies in emerging economies
    • Delios A, Henisz W,. 2000. Japanese firms' investment strategies in emerging economies. Academy of Management Journal 43 (3): 305-323.
    • (2000) Academy of Management Journal , vol.43 , Issue.3 , pp. 305-323
    • Delios, A.1    Henisz, W.2
  • 28
    • 55649106580 scopus 로고    scopus 로고
    • Returns to capital in microenterprises: Evidence from a field experiment
    • De Mel S, McKenzie D, Woodruff C,. 2008. Returns to capital in microenterprises: evidence from a field experiment. Quarterly Journal of Economics 123 (4): 1329-1372.
    • (2008) Quarterly Journal of Economics , vol.123 , Issue.4 , pp. 1329-1372
    • De Mel, S.1    McKenzie, D.2    Woodruff, C.3
  • 30
    • 46049107582 scopus 로고    scopus 로고
    • Capital structure with risky foreign investment
    • Desai M, Foley F, Hines J Jr,. 2008. Capital structure with risky foreign investment. Journal of Financial Economics 88 (3): 534-553.
    • (2008) Journal of Financial Economics , vol.88 , Issue.3 , pp. 534-553
    • Desai, M.1    Foley, F.2    Hines, J.3
  • 32
    • 22144435063 scopus 로고    scopus 로고
    • Distance matters: Liability of foreignness, institutional distance and ownership strategy
    • Eden L, Miller S,. 2004. Distance matters: liability of foreignness, institutional distance and ownership strategy. Advances in International Management 16: 187-221.
    • (2004) Advances in International Management , vol.16 , pp. 187-221
    • Eden, L.1    Miller, S.2
  • 33
    • 84945449544 scopus 로고    scopus 로고
    • Emerging Markets Private Equity Association (EMPEA). Washington, DC.
    • Emerging Markets Private Equity Association (EMPEA). 2010. Fundraising and investment review. Washington, DC.
    • (2010) Fundraising and Investment Review
  • 35
    • 84923591849 scopus 로고    scopus 로고
    • Working paper 17687, National Bureau of Economic Research, Cambridge, MA.
    • Fan J, Morck R, Yeung B,. 2011. Capitalizing China. Working paper 17687, National Bureau of Economic Research, Cambridge, MA.
    • (2011) Capitalizing China
    • Fan, J.1    Morck, R.2    Yeung, B.3
  • 36
    • 65249168848 scopus 로고    scopus 로고
    • MNC subsidiaries and country risk: Internalization as a safeguard against weak external institutions
    • Feinberg S, Gupta A,. 2009. MNC subsidiaries and country risk: internalization as a safeguard against weak external institutions. Academy of Management Journal 52 (2): 381-399.
    • (2009) Academy of Management Journal , vol.52 , Issue.2 , pp. 381-399
    • Feinberg, S.1    Gupta, A.2
  • 37
    • 0001609111 scopus 로고    scopus 로고
    • Estimating the value of political connections
    • Fisman R,. 2001. Estimating the value of political connections. American Economic Review 91 (4): 1095-1102.
    • (2001) American Economic Review , vol.91 , Issue.4 , pp. 1095-1102
    • Fisman, R.1
  • 38
    • 0003671365 scopus 로고
    • Simon & Schuster: New York.
    • Ghemawat P,. 1991. Commitment. Simon & Schuster: New York.
    • (1991) Commitment
    • Ghemawat, P.1
  • 39
    • 76849094152 scopus 로고    scopus 로고
    • Institutions and the internationalization of US venture capital firms
    • Guler I, Guillén M,. 2009. Institutions and the internationalization of US venture capital firms. Journal of International Business Studies 41 (2): 185-205.
    • (2009) Journal of International Business Studies , vol.41 , Issue.2 , pp. 185-205
    • Guler, I.1    Guillén, M.2
  • 40
    • 0034359528 scopus 로고    scopus 로고
    • The institutional environment for multinational investment
    • Henisz W,. 2000. The institutional environment for multinational investment. Journal of Law, Economics, and Organization 16 (2): 334-364.
    • (2000) Journal of Law, Economics, and Organization , vol.16 , Issue.2 , pp. 334-364
    • Henisz, W.1
  • 41
    • 0038780735 scopus 로고    scopus 로고
    • The power of the Buckley and Casson thesis: The ability to manage institutional idiosyncrasies
    • Henisz W,. 2003. The power of the Buckley and Casson thesis: the ability to manage institutional idiosyncrasies. Journal of International Business Studies 34 (2): 173-184.
    • (2003) Journal of International Business Studies , vol.34 , Issue.2 , pp. 173-184
    • Henisz, W.1
  • 42
    • 77956691366 scopus 로고    scopus 로고
    • Political capabilities, policy risk, and international investment strategy: Evidence from the global electric power generation industry
    • Holburn G, Zelner B,. 2010. Political capabilities, policy risk, and international investment strategy: evidence from the global electric power generation industry. Strategic Management Journal 31 (12): 1290-1315.
    • (2010) Strategic Management Journal , vol.31 , Issue.12 , pp. 1290-1315
    • Holburn, G.1    Zelner, B.2
  • 44
    • 4344630945 scopus 로고    scopus 로고
    • What do entrepreneurs pay for venture capital affiliation?
    • Hsu D,. 2004. What do entrepreneurs pay for venture capital affiliation? Journal of Finance 59 (4): 1805-1844.
    • (2004) Journal of Finance , vol.59 , Issue.4 , pp. 1805-1844
    • Hsu, D.1
  • 46
    • 0031502583 scopus 로고    scopus 로고
    • Knowledge, bargaining power, and the instability of international joint ventures
    • Inkpen A, Beamish P,. 1997. Knowledge, bargaining power, and the instability of international joint ventures. Academy of Management Review 22 (1): 177-202.
    • (1997) Academy of Management Review , vol.22 , Issue.1 , pp. 177-202
    • Inkpen, A.1    Beamish, P.2
  • 48
    • 0038660446 scopus 로고    scopus 로고
    • Financial contracting theory meets the real world: An empirical analysis of venture capital contracts
    • Kaplan S, Stromberg P,. 2003. Financial contracting theory meets the real world: an empirical analysis of venture capital contracts. Review of Economic Studies 70 (2): 281-315.
    • (2003) Review of Economic Studies , vol.70 , Issue.2 , pp. 281-315
    • Kaplan, S.1    Stromberg, P.2
  • 49
    • 0001921324 scopus 로고    scopus 로고
    • Why focused strategies may be wrong for emerging markets
    • Khanna T, Palepu K,. 1997. Why focused strategies may be wrong for emerging markets. Harvard Business Review 75 (4): 41-48.
    • (1997) Harvard Business Review , vol.75 , Issue.4 , pp. 41-48
    • Khanna, T.1    Palepu, K.2
  • 50
    • 0000859784 scopus 로고    scopus 로고
    • Is group affiliation profitable in emerging markets? An analysis of diversified Indian business groups
    • Khanna T, Palepu K,. 2000. Is group affiliation profitable in emerging markets? An analysis of diversified Indian business groups. Journal of Finance 55 (2): 867-891.
    • (2000) Journal of Finance , vol.55 , Issue.2 , pp. 867-891
    • Khanna, T.1    Palepu, K.2
  • 51
    • 0001937627 scopus 로고    scopus 로고
    • Estimating the performance effects of business groups in emerging markets
    • Khanna T, Rivkin J,. 2001. Estimating the performance effects of business groups in emerging markets. Strategic Management Journal 22 (1): 45-74.
    • (2001) Strategic Management Journal , vol.22 , Issue.1 , pp. 45-74
    • Khanna, T.1    Rivkin, J.2
  • 52
    • 34247482883 scopus 로고
    • Finance and growth: Schumpeter might be right
    • King R, Levine R,. 1993. Finance and growth: Schumpeter might be right. Quarterly Journal of Economics 108 (3): 717-737.
    • (1993) Quarterly Journal of Economics , vol.108 , Issue.3 , pp. 717-737
    • King, R.1    Levine, R.2
  • 53
    • 0035073236 scopus 로고    scopus 로고
    • Strategy and structure in developing countries: Business groups as an evolutionary response to opportunities for unrelated diversification
    • Kock C, Guillén M,. 2001. Strategy and structure in developing countries: business groups as an evolutionary response to opportunities for unrelated diversification. Industrial and Corporate Change 10 (1): 77-113.
    • (2001) Industrial and Corporate Change , vol.10 , Issue.1 , pp. 77-113
    • Kock, C.1    Guillén, M.2
  • 54
    • 84935412217 scopus 로고
    • The stability of joint ventures: Reciprocity and competitive rivalry
    • Kogut B,. 1989. The stability of joint ventures: reciprocity and competitive rivalry. Journal of Industrial Economics 38 (2): 183-198.
    • (1989) Journal of Industrial Economics , vol.38 , Issue.2 , pp. 183-198
    • Kogut, B.1
  • 55
    • 55349106605 scopus 로고    scopus 로고
    • Institutional theory in the study of multinational corporations: A critique and new directions
    • Kostova T, Roth K, Dacin M,. 2008. Institutional theory in the study of multinational corporations: a critique and new directions. Academy of Management Review 33 (4): 994-1006.
    • (2008) Academy of Management Review , vol.33 , Issue.4 , pp. 994-1006
    • Kostova, T.1    Roth, K.2    Dacin, M.3
  • 57
    • 36448930136 scopus 로고    scopus 로고
    • The quality of the legal system, firm ownership, and firm size
    • Laeven L, Woodruff C,. 2007. The quality of the legal system, firm ownership, and firm size. Review of Economics and Statistics 89 (4): 601-614.
    • (2007) Review of Economics and Statistics , vol.89 , Issue.4 , pp. 601-614
    • Laeven, L.1    Woodruff, C.2
  • 60
    • 84993865817 scopus 로고
    • Venture capitalists and the oversight of private firms
    • Lerner J,. 1995. Venture capitalists and the oversight of private firms. Journal of Finance 50 (1): 301-318.
    • (1995) Journal of Finance , vol.50 , Issue.1 , pp. 301-318
    • Lerner, J.1
  • 61
    • 15544376362 scopus 로고    scopus 로고
    • Does legal enforcement affect financial transactions? the contractual channel in private equity
    • Lerner J, Schoar A,. 2005. Does legal enforcement affect financial transactions? The contractual channel in private equity. Quarterly Journal of Economics 120 (1): 223-246.
    • (2005) Quarterly Journal of Economics , vol.120 , Issue.1 , pp. 223-246
    • Lerner, J.1    Schoar, A.2
  • 62
    • 33746130781 scopus 로고    scopus 로고
    • Political relationships, global financing, and corporate transparency: Evidence from Indonesia
    • Leuz C, Oberholzer-Gee F,. 2006. Political relationships, global financing, and corporate transparency: evidence from Indonesia. Journal of Financial Economics 81 (2): 411-439.
    • (2006) Journal of Financial Economics , vol.81 , Issue.2 , pp. 411-439
    • Leuz, C.1    Oberholzer-Gee, F.2
  • 63
    • 0346613552 scopus 로고    scopus 로고
    • Stock markets, banks, and economic growth
    • Levine R, Zervos S,. 1998. Stock markets, banks, and economic growth. American Economic Review 88 (3): 537-558.
    • (1998) American Economic Review , vol.88 , Issue.3 , pp. 537-558
    • Levine, R.1    Zervos, S.2
  • 64
    • 84989078868 scopus 로고
    • Foreign entry and survival: Effects of strategic choices on performance in international markets
    • Li J,. 1995. Foreign entry and survival: effects of strategic choices on performance in international markets. Strategic Management Journal 16 (5): 333-351.
    • (1995) Strategic Management Journal , vol.16 , Issue.5 , pp. 333-351
    • Li, J.1
  • 65
    • 0012813351 scopus 로고    scopus 로고
    • Financial development and financing constraints: International evidence from the structural investment model
    • Love I,. 2003. Financial development and financing constraints: international evidence from the structural investment model. Review of Financial Studies 16 (3): 765-791.
    • (2003) Review of Financial Studies , vol.16 , Issue.3 , pp. 765-791
    • Love, I.1
  • 66
    • 0039563015 scopus 로고    scopus 로고
    • The internationalization and performance of SMEs
    • Lu JW, Beamish PW,. 2001. The internationalization and performance of SMEs. Strategic Management Journal 22 (6-7): 565-586.
    • (2001) Strategic Management Journal , vol.22 , Issue.67 , pp. 565-586
    • Lu, J.W.1    Beamish, P.W.2
  • 67
    • 32844466656 scopus 로고    scopus 로고
    • Keeping it all in the family: The role of particularistic relationships in business group performance during institutional transition
    • Luo X, Chung CN,. 2005. Keeping it all in the family: the role of particularistic relationships in business group performance during institutional transition. Administrative Science Quarterly 50 (3): 404-439.
    • (2005) Administrative Science Quarterly , vol.50 , Issue.3 , pp. 404-439
    • Luo, X.1    Chung, C.N.2
  • 68
    • 0030355085 scopus 로고    scopus 로고
    • Local knowledge transfer and performance: Implications for alliance formation in Asia
    • Makino S, Delios A,. 1996. Local knowledge transfer and performance: implications for alliance formation in Asia. Journal of International Business Studies 27 (5): 905-927.
    • (1996) Journal of International Business Studies , vol.27 , Issue.5 , pp. 905-927
    • Makino, S.1    Delios, A.2
  • 69
    • 21244446049 scopus 로고    scopus 로고
    • Probing theoretically into Central and Eastern Europe: Transactions, resources, and institutions
    • Meyer K, Peng M,. 2005. Probing theoretically into Central and Eastern Europe: transactions, resources, and institutions. Journal of International Business Studies 36 (6): 600-621.
    • (2005) Journal of International Business Studies , vol.36 , Issue.6 , pp. 600-621
    • Meyer, K.1    Peng, M.2
  • 70
    • 58449124705 scopus 로고    scopus 로고
    • Institutions, resources, and entry strategies in emerging economies
    • Meyer K, Estrin S, Bhaumik S, Peng M,. 2009. Institutions, resources, and entry strategies in emerging economies. Strategic Management Journal 30 (1): 61-80.
    • (2009) Strategic Management Journal , vol.30 , Issue.1 , pp. 61-80
    • Meyer, K.1    Estrin, S.2    Bhaumik, S.3    Peng, M.4
  • 71
    • 0036502180 scopus 로고    scopus 로고
    • Identifying liabilities of foreignness and strategies to minimize their effects: The case of labor lawsuit judgments in the United States
    • Mezias J,. 2002. Identifying liabilities of foreignness and strategies to minimize their effects: the case of labor lawsuit judgments in the United States. Strategic Management Journal 23 (3): 229-244.
    • (2002) Strategic Management Journal , vol.23 , Issue.3 , pp. 229-244
    • Mezias, J.1
  • 72
    • 84971697893 scopus 로고
    • Transnational strategies of protection and defense by multinational corporations: Spreading the risk and raising the cost for nationalization in natural resources
    • Moran T,. 1973. Transnational strategies of protection and defense by multinational corporations: spreading the risk and raising the cost for nationalization in natural resources. International Organization 27 (2): 273-287.
    • (1973) International Organization , vol.27 , Issue.2 , pp. 273-287
    • Moran, T.1
  • 75
    • 0030543697 scopus 로고    scopus 로고
    • The growth of the firm in planned economies in transition: Institutions, organizations, and strategic choice
    • Peng M, Heath P,. 1996. The growth of the firm in planned economies in transition: institutions, organizations, and strategic choice. Academy of Management Review 21 (2): 492-528.
    • (1996) Academy of Management Review , vol.21 , Issue.2 , pp. 492-528
    • Peng, M.1    Heath, P.2
  • 76
    • 84862244566 scopus 로고
    • The effect of credit market competition on lending relationships
    • Petersen M, Rajan R,. 1995. The effect of credit market competition on lending relationships. Quarterly Journal of Economics 110 (2): 407-443.
    • (1995) Quarterly Journal of Economics , vol.110 , Issue.2 , pp. 407-443
    • Petersen, M.1    Rajan, R.2
  • 77
    • 0003106484 scopus 로고
    • Core competence of the corporation
    • Prahalad C, Hamel G,. 1990. Core competence of the corporation. Harvard Business Review 68 (3): 79-91.
    • (1990) Harvard Business Review , vol.68 , Issue.3 , pp. 79-91
    • Prahalad, C.1    Hamel, G.2
  • 80
    • 0037633994 scopus 로고    scopus 로고
    • The great reversals: The politics of financial development in the twentieth century
    • Rajan R, Zingales L,. 2003. The great reversals: the politics of financial development in the twentieth century. Journal of Financial Economics 69 (1): 5-50.
    • (2003) Journal of Financial Economics , vol.69 , Issue.1 , pp. 5-50
    • Rajan, R.1    Zingales, L.2
  • 81
    • 0000488805 scopus 로고
    • The economic theory of agency: The principal's problem
    • Ross S,. 1973. The economic theory of agency: the principal's problem. American Economic Review 63 (2): 134-139.
    • (1973) American Economic Review , vol.63 , Issue.2 , pp. 134-139
    • Ross, S.1
  • 82
    • 0000887602 scopus 로고
    • The structure and governance of venture-capital organizations
    • Sahlman WA,. 1990. The structure and governance of venture-capital organizations. Journal of Financial Economics 27 (2): 473-521.
    • (1990) Journal of Financial Economics , vol.27 , Issue.2 , pp. 473-521
    • Sahlman, W.A.1
  • 84
    • 0001067784 scopus 로고    scopus 로고
    • The effect of own-firm and other-firm experience on foreign direct investment survival in the United States, 1987-1992
    • Shaver J, Mitchell W, Yeung B,. 1997. The effect of own-firm and other-firm experience on foreign direct investment survival in the United States, 1987-1992. Strategic Management Journal 18 (10): 811-824.
    • (1997) Strategic Management Journal , vol.18 , Issue.10 , pp. 811-824
    • Shaver, J.1    Mitchell, W.2    Yeung, B.3
  • 85
    • 12144259346 scopus 로고    scopus 로고
    • Can foreign firms bond themselves effectively by renting US securities laws?
    • Siegel J,. 2005. Can foreign firms bond themselves effectively by renting US securities laws? Journal of Financial Economics 75 (2): 319-359.
    • (2005) Journal of Financial Economics , vol.75 , Issue.2 , pp. 319-359
    • Siegel, J.1
  • 86
    • 69949168100 scopus 로고    scopus 로고
    • Is there a better commitment mechanism than cross-listings for emerging-economy firms? Evidence from Mexico
    • Siegel J,. 2009. Is there a better commitment mechanism than cross-listings for emerging-economy firms? Evidence from Mexico. Journal of International Business Studies 40 (7): 1171-1191.
    • (2009) Journal of International Business Studies , vol.40 , Issue.7 , pp. 1171-1191
    • Siegel, J.1
  • 87
    • 0033283301 scopus 로고    scopus 로고
    • Technological resources and the direction of corporate diversification: Toward an integration of the resource-based view and transaction cost economics
    • Silverman B,. 1999. Technological resources and the direction of corporate diversification: toward an integration of the resource-based view and transaction cost economics. Management Science 45 (8): 1109-1124.
    • (1999) Management Science , vol.45 , Issue.8 , pp. 1109-1124
    • Silverman, B.1
  • 88
    • 0035343976 scopus 로고    scopus 로고
    • Syndication networks and the spatial distribution of venture capital investments
    • Sorenson O, Stuart T,. 2001. Syndication networks and the spatial distribution of venture capital investments. American Journal of Sociology 106 (6): 1546-1588.
    • (2001) American Journal of Sociology , vol.106 , Issue.6 , pp. 1546-1588
    • Sorenson, O.1    Stuart, T.2
  • 89
    • 0000342340 scopus 로고
    • Credit rationing in markets with imperfect information
    • Stiglitz J, Weiss A,. 1981. Credit rationing in markets with imperfect information. American Economic Review 71 (3): 393-410.
    • (1981) American Economic Review , vol.71 , Issue.3 , pp. 393-410
    • Stiglitz, J.1    Weiss, A.2
  • 91
    • 0000662187 scopus 로고    scopus 로고
    • Financial markets and the allocation of capital
    • Wurgler J,. 2000. Financial markets and the allocation of capital. Journal of Financial Economics 58 (1): 187-214.
    • (2000) Journal of Financial Economics , vol.58 , Issue.1 , pp. 187-214
    • Wurgler, J.1
  • 92
    • 0001171863 scopus 로고    scopus 로고
    • The dynamics of the liability of foreignness: A global study of survival in financial services
    • Zaheer S, Mosakowski E,. 1997. The dynamics of the liability of foreignness: a global study of survival in financial services. Strategic Management Journal 18 (6): 439-463.
    • (1997) Strategic Management Journal , vol.18 , Issue.6 , pp. 439-463
    • Zaheer, S.1    Mosakowski, E.2
  • 93
    • 70349775719 scopus 로고    scopus 로고
    • Contentious implementation and retrenchment in neoliberal policy reform: The global electric power industry, 1989-2001
    • Zelner B, Henisz W, Holburn G,. 2009. Contentious implementation and retrenchment in neoliberal policy reform: the global electric power industry, 1989-2001. Administrative Science Quarterly 54 (3): 379-412.
    • (2009) Administrative Science Quarterly , vol.54 , Issue.3 , pp. 379-412
    • Zelner, B.1    Henisz, W.2    Holburn, G.3


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.