Institutional fragility and internationalization of Indian firms: Moderating effects of inward FDI and linkages
基于707家印度企业2008-2018年数据，研究发现印度国内制度脆弱性会降低企业国际化水平，而行业层面的内向FDI和企业层面的外资关联能缓解这种负面影响。
In this paper, using institutional and organizational learning theories, we argue that institutional fragility within India impacts the internationalization of Indian firms such that firms from more fragile regions are likely to have lower internationalization levels. We also suggest that this effect is moderated by inward (industry-level) foreign direct investment (FDI) and inward (firm-level) linkages with foreign firms. We test our hypotheses based on the analysis of 707 Indian firms over the period 2008–2018. Our study contributes to the literature examining the complexity, and the speed and consistency of institutional progress in emerging economies, and its impact on firms’ internationalization.