Institutional advantage

Research output: Contribution to journalArticleScientificpeer-review

Abstract

Is there such a thing as institutional advantage—and what does it mean for the study of corporate competitive advantage? In this article, I develop the concept of institutional competitive advantage, as distinct from plain competitive advantage and from comparative institutional advantage. I first identify and synthesize insights from strategy and institutional theories. I then arrive at a definition of institutional advantage and develop theory about its predictors, emphasizing a firm's interaction with institutions over its life cycle. This analysis highlights foreign direct investment and multinational enterprise as prime venues for insights into institutional advantage from a strategic perspective.
Original languageEnglish
Pages (from-to)55-69
JournalGlobal Strategy Journal
Volume4
Issue number1
DOIs
Publication statusPublished - Feb 2014

Keywords

  • competitive advantage
  • institutions
  • foreign direct investment
  • multinational corporations
  • international strategy

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