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http://ssrn.com/abstract=1310862
 
 

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Cultural and Political Embeddedness, Foreign Investment and Locality in Transforming Economies: The Case of ABB in Poland and China


Jane Hardy


University of Hertfordshire - Business School

Frank Currie


University of Hertfordshire - Business School

Zhen Ye


Golden Bough International Intellectual Property (UK); The University of Chicago Booth School of Business

September 1, 2005

Competition and Change, Vol. 9, No. 3, pp. 277-297, 2005

Abstract:     
The article draws on the concepts of cultural and political embeddedness to analyse the local embeddedness of a global transnational engineering firm in transforming economies. It compares the process of the negotiations for and the acquisitions of assets undertaken by ABB in Wroclaw, Poland and Xiamen, China. With reference to political embeddedness, while the firm has a strong espoused business culture, the relative strength and autonomy of local institutions in Wroclaw and Xiamen implied different corporate strategies for entry and acquisition. The cultural embeddedness of ABB meant that there were strong similarities in Xiamen and Wroclaw in terms of transferring the norms and routines of the firm. Taking a longer-term view what may appear to be contrasting approaches could be viewed as the same strategy working under more severe institutional constraints, which ultimately slows the pace of acquisition and control rather than fundamentally changing its nature.

Number of Pages in PDF File: 21

Keywords: Embeddedness, Foreign investment, Transformation, Transnational firms

JEL Classification: F23, F21, L23, L52, L60, M14, M50, N60, O17, O52, O53, P16, P20, P26, P33, P45, P50, P51, P52, P59,

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Date posted: December 4, 2008  

Suggested Citation

Hardy, Jane and Currie, Frank and Ye, Zhen, Cultural and Political Embeddedness, Foreign Investment and Locality in Transforming Economies: The Case of ABB in Poland and China (September 1, 2005). Competition and Change, Vol. 9, No. 3, pp. 277-297, 2005. Available at SSRN: http://ssrn.com/abstract=1310862

Contact Information

Jane Hardy
University of Hertfordshire - Business School ( email )
College Lane
Hatfield, Hertfordshire Al10 9AB
United Kingdom
Frank Currie
University of Hertfordshire - Business School ( email )
College Lane
Hatfield, Hertfordshire Al10 9AB
United Kingdom
Zhen Ye (Contact Author)
Golden Bough International Intellectual Property (UK) ( email )
Golden Bough International Intellectual Property
81 Oxford Street
London, London W1D2EU
United Kingdom
+44-(0)2071567939 (Phone)
+44-(0)2076574346 (Fax)
HOME PAGE: http://www.goldenboughip.com
The University of Chicago Booth School of Business ( email )
5807 S. Woodlawn Avenue
Chicago, IL 60637
United States

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