[11月12日] 管理学Workshop

发布日期:2021-11-05 04:51    来源:

The Privileged Rush In? How Entrepreneurs’ Relational Ties Shape the Benefits of Starting Up Formal in An Emerging Economy

主讲人Markus Taussig, Rutgers Business School, Rutgers University

时间2021-11-12   9am-10:30am

会议方式 ZOOM会议号:952 7226 6465;密码:759353

链接: https://zoom.us/j/95272266465?pwd=MjBpYWRlaENWTCs0TGk3T2hGNVQzdz09

Abstract:

Why do entrepreneurs in emerging economies choose to start their business in the informal sector? The frequency with which growth-oriented emerging economy entrepreneurs make this decision contradicts conventional wisdom and economic and institutional theories, all of which posit that registering with government conveys much-needed legitimacy and access to external resources. Recent research, however, suggest that entrepreneurs can use the informal economy as safe ground within which to build up internal capabilities before registering with the government. In this paper, we resolve these competing views by proposing that the promise of formality at startup varies with firms’ relational resources for filling institutional voids. Using a nationally representative, pooled cross-sectional dataset of firm survey responses in Vietnam, we show evidence that initial informality positively affects firms’ performance post-formalization. More importantly, we find that it is firms that are large, politically connected, and male-owned that benefit from immediate registration.

Biography:

Markus Taussig’s research and teaching focus on international business and strategy, with a focus on emerging economies—especially those in Southeast Asia. More specifically, he studies how firm performance and behavior is influenced by weak market institutions. He also has extensive experience and expertise in the global private equity and manufacturing (especially apparel) industries and in survey design and implementation of randomized controlled trials (RCTs). His papers have been published in leading management and economics journals, including the American Political Science Review, the Academy of Management Journal, the Strategic Management Journal, the Journal of International Business Studies, and the Journal of Law, Economics, and Organizations.

 

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