Essays on global strategy and institutions
Name
53479907-MIT.pdf
Description
Full printable version
Size
7.98 MB
Format
Adobe PDF
Checksum (MD5)
ca12143119d85db5c3020b9fa968a0c7
Author(s)
Siegel, Jordan Ian, 1976-
Advisor(s)
Donald Lessard.
Alternative Title
Essays in global strategy and institutions
Date Issued
2003
Publisher
Massachusetts Institute of Technology
Abstract
This thesis examines how firms in countries with weak governance institutions access outside (technological and financial) resources and capabilities. The first essay challenges current views regarding the efficacy of renting foreign jurisdictions through cross-listings and shows that reputational mechanisms are more important. The second essay, which follows a group of Korean firms through the sequence of liberalizations and political changes since 1987, provides further evidence that reputational mechanisms are central in obtaining external resources and capabilities. The third essay suggests that Mexican firms selected alternative strategies besides cross-listings before liberalization, and that one of these strategies (forming a cross-border alliance) turned out to be more effective. The timing of liberalization is the key shift variable that determines which Mexican firms cross-listed and which firms instead formed cross-border alliances and/or acquired political connectedness. This thesis also demonstrates the complementarity of investing in domestic influence and the establishment of cross-border strategic alliances.
Description
Thesis (Ph. D.)--Massachusetts Institute of Technology, Sloan School of Management, 2003.
MIT Institute Archives copy: p. 177 and unnumbered sequence bound in reverse order between p. [130] and p. [131]; microfiched accordingly.
Includes bibliographical references.
Subjects
Sloan School of Management.
MIT Department
Sloan School of Management
Terms of Use
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