Essays on global strategy and institutions

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.

Department dc:contributor.department

Sloan School of Management.

Grantor dc:publisher

Massachusetts Institute of Technology

Year dc:date.issued

2003

Author dc:creator

• Siegel, Jordan Ian, 1976-

Advisor dc:contributor.advisor

• Donald Lessard.

• Sloan School of Management.

Statement dc:rights

• M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission.

Licence dc:rights.uri

• http://dspace.mit.edu/handle/1721.1/7582

Language dc:language.iso

eng

Handle dc:identifier.uri

http://hdl.handle.net/1721.1/17600

OAI identifier oai:identifier

oai:dspace.mit.edu:1721.1/17600