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INSTITUTIONAL ADVANTAGE
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DOI：10.1111/j.2042-5805.2013.01072.x.png)
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Abstract
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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. Copyright (C) 2014 Strategic Management Society.
Keywords:
competitive advantage
institutions
foreign direct investment
multinational corporations
international strategy
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ORGANIZATION SCIENCEIF5.4
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