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Impact of International Business pp 62–76Cite as

Palgrave Macmillan

The Impact of Actors and the Aspect of Time in Institutional Change Processes in a Developing Country Context

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Part of the book series: The Academy of International Business ((AIB))

Abstract

The rise of developing countries is undeniably evident in the global business arena. There is increasing evidence of innovative and highly intellectual business activities from these countries, for example in the form of new drug developments from India and technological innovation from China. These innovations often require searching for and utilising tacit knowledge (Asheim and Coenen, 2005) which is prone to asymmetric information problems and intellectual property (IP) abuse. Thus, a firm that operates in these environments emphasises either loose or stringent IP protection standards which then influences the firm’s decision regarding the nature and location of innovative activities, in addition to capability endowments and cost calculations (Buckley and Casson, 1976; Dunning, 1988; Teece, 2006). As a result, governments are in continuous search for optimal levels of IP protection standards (varying from high to low levels) to ensure that there is a conducive environment for the advancement of local innovation systems (Chaminade et al., 2012; Jaffe et al., 1993). This is especially true in developing countries.

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Authors
  1. Kristin Brandl
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  2. Izzet Darendeli
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  3. Robert D. Hamilton III
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  4. Ram Mudambi
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Editor information

Editors and Affiliations

  1. Manchester Metropolitan University Business School, UK

    Heinz Tüselmann , Stephen Buzdugan , Qi Cao , David Freund  & Sougand Golesorkhi , , ,  & 

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© 2016 Kristin Brandl, Izzet Darendeli, Robert D. Hamilton III and Ram Mudambi

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Brandl, K., Darendeli, I., Hamilton, R.D., Mudambi, R. (2016). The Impact of Actors and the Aspect of Time in Institutional Change Processes in a Developing Country Context. In: Tüselmann, H., Buzdugan, S., Cao, Q., Freund, D., Golesorkhi, S. (eds) Impact of International Business. The Academy of International Business. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-137-56946-2_5

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