Internationalization in Times of a Shifting Policy Environment: A Springboard Perspective in the Chinese Logistics Industry
The institution-based perspective has gained increasing attention in international business research. Extant studies on the interactions between organizations and their institutional environment focus on the influence of institutions on organizational conduct and governance and organizational responses to particular institutional situations. We study these responses in the context of the internationalization of emerging market multinationals from a springboard perspective. This paper presents an eclectic classification of organizational strategies in the cases of institutional pressures, multiplicity, and voids. We then apply the lens of institutional perspective and internationalization efforts using springboard strategies on the Chinese logistics industry, at a time when there are significant institutional transitions embodied by the One Belt One Road initiative and the Made in China 2025 policy. In doing so, we intend to shed light on how EM MNEs respond to and leverage their institutional environment for international expansion and development. Further, we identify institutional transitions as field with high potential and invite researchers to devote efforts in understanding strategic responses of organizations in this particular context.
Academy of International Business