Overcoming institutional voids via arbitration
从法律理论出发，研究企业如何通过国际商业仲裁而非依赖东道国制度来克服制度空白，并构建理论框架分析合资企业选择仲裁的条件。
Extending the literature on institutional voids, we introduce theory from law that highlights the ability of firms to choose the laws and enforcement mechanisms that govern their international joint ventures (IJVs). Specifically, firms may overcome institutional voids by borrowing institutions via binding international commercial arbitration (BICA) rather than relying on host-market institutions. Leveraging an institution-based view, we develop a theoretical framework to articulate the conditions under which IJV partners may choose BICA as opposed to domestic courts to overcome institutional voids in host markets.