Strategy Research in Emerging Economies: Challenging the Conventional Wisdom

33 Pages Posted: 14 Jan 2005

See all articles by Mike Wright

Mike Wright

Nottingham University Business School

Igor Filatotchev

City University London - The Business School

Robert E. Hoskisson

Arizona State University (ASU) - Management Department

Mike W. Peng

University of Texas at Dallas - Naveen Jindal School of Management

Abstract

This review and introduction to the Special Issue on 'Strategy Research in Emerging Economies' considers the nature of theoretical contributions thus far on strategy in emerging economies. We classify the research through four strategic options: (1) firms from developed economies entering emerging economies; (2) domestic firms competing within emerging economies; (3) firms from emerging economies entering other emerging economies; and (4) firms from emerging economies entering developed economies. Among the four perspectives examined (institutional theory, transaction cost theory, resource-based theory, and agency theory), the most dominant seems to be institutional theory. Most existing studies that make a contribution blend institutional theory with one of the other three perspectives, including seven out of the eight papers included in this Special Issue. We suggest a future research agenda based around the four strategies and four theoretical perspectives. Given the relative emphasis of research so far on the first and second strategic options, we believe that there is growing scope for research that addresses the third and fourth.

Suggested Citation

Wright, Mike and Filatotchev, Igor and Hoskisson, Robert E. and Peng, Mike W., Strategy Research in Emerging Economies: Challenging the Conventional Wisdom. Available at SSRN: https://ssrn.com/abstract=648742

Mike Wright (Contact Author)

Nottingham University Business School ( email )

Jubilee Campus
Wollaton Road
Nottingham, NG8 1BB
United Kingdom
+44 115 951 5257 (Phone)
+44 115 951 5204 (Fax)

Igor Filatotchev

City University London - The Business School ( email )

106 Bunhill Row
London, EC1Y 8TZ
United Kingdom

Robert E. Hoskisson

Arizona State University (ASU) - Management Department ( email )

Main Campus
PO Box 874006
Tempe, AZ 85287-4006
United States

Mike W. Peng

University of Texas at Dallas - Naveen Jindal School of Management ( email )

P.O. Box 830688
Richardson, TX 75083-0688
United States

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