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Dear Colleagues, Raveendra Chittoor (Indian School of Business) and I would like to welcome you to the following PDW at AOM Phily on Aug 2, 2014. The official program says 9-11:00am, but we will devote 10 mins extension to the interaction with the audience.

Submission: 15674 | Sponsor(s): IM | PDW Cosponsor(s): BPS/OMT

Scheduled: Saturday, Aug 2 2014 9:00am-11:10am at

Pennsylvania Convention Center in Room 108B

AN INSTITUTIONAL DIVERSITY PERSPECTIVE OF GLOBAL STRATEGY

A proposed structure

1) Introduction by Victor Z. Chen (U of NC, Charlotte) (10 minutes)

·        What is institutional diversity-based perspective?

·        What have been done? What more do we need?

·        What is the goal of this PDW? How is this PDW structured?

2) A moderated discussion among panelists (no formal presentations). The beauty of this section is spontaneity and interaction. (100 minutes, structured into five 20 minutes' sections)

2a) An emerging-market (EM) based view of institutions, led by Tarun Khanna (Harvard U) and Ravi Ramamurti (Northeastern U) (20 minutes)

·        What are the major unique home institutional settings in emerging markets?

·        How are they different from those in developed markets and among themselves?

·        As investors, how do EM MNEs see "institutional voids" abroad from their home-country perspective? For instance, in Victor's previous consulting experience, Chinese firms always complained about Canada and America's "institutional void" of lacking a local government-endorsed list of investment opportunities.

·        Given the prevalence of non-market institutions and non-market strategies in EMs, how do we incorporate non-market institutional voids into our theory?

Tarun Khanna will begin with an opening keynote on new perspectives of "institutional voids" (8 minutes). It will be followed by a spontaneous discussion (12 minutes) led by Ravi Ramamurti and Tarun Khanna on how different EM institutions are, with everybody else free to jump in.

2b) EMs in the comparative institutional analysis, led by Michael Witt (INSEAD) and Aldo Musacchio (Harvard U) (20 minutes)

·        How does the above discussion enrich the comparative institutional analysis approach, which was developed primarily in developed market contexts?

·        How do we incorporate the unique institutional contexts into the current framework of varieties of capitalism)?

·        How does state capitalism fit into the varieties of capitalism model?

·        What new institutional dimensions (e.g., visible hands by elite families or the state) should be added into the varieties of capitalism framework?

Michael Witt will share his new findings on varieties of capitalism based on developing Asia countries (5 minutes), followed by Aldo Musacchio on state capitalism (5 minutes). The next 10 minutes will be an interaction between Michael Witt and Aldo Musacchio, with everybody else free to jump in.

2c) Pathways through which EM institutions influence the structures and strategies of EM firms, led by Michael Hitt (Texas A&M U) and Robert Hoskisson (Rice U) (20 minutes)

·        How do unique institutional structures shape the structure of EM firms (e.g., corporate governance, inter-firm relations, business groups)?

·        What is the individual influence of each major institutional dimension?

·        What is the confluence of these dimensions altogether through different cross-dimensional interactions and patterns?

Michael Hitt will share his studies on polycentrism and institutional diversity (5 minutes), followed by Robert Hoskisson on unique structures of EM firms (5 minutes). The next 10 minutes will be an interaction between Michael Hitt and Robert Hoskisson, with everybody else free to jump in.

2d) Incorporating these new perspectives into our existing IB theories, led by Mona Makhija (Ohio State U) (20 minutes).

As the JIBS editor focusing on institutional studies, Mona Makhija will explain how these new institutional perspectives can be incorporated into and/or change existing IB theories (8 minutes). The next 12 minutes will be an interactive discussion with all panelists.

2e) Local insights and practical implications, led by Raveendra Chittoor (Indian School of Business) and Dan Catarivas (Manufacturers' Association of Israel) (20 minutes)

From local perspectives, how do these academic discussions inform practices on outward FDI, management of MNEs, as well as the role of business associations and the government? The interaction will be led by Raveendra Chittoor and Dan Catarivas, with everybody else free to join.

3) Comments from the audience (20 minutes)

(Total Time: 2 hours and 10 minutes)

VICTOR ZITIAN CHEN, Ph.D.

T: +1 (980) 636-9207| E: EMGP.Editor@gmail.com | W: http://www.VictorZChen.com/

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Assistant Professor of International Management

UNIVERSITY OF NORTH CAROLINA, CHARLOTTE | The Belk College of Business | 9201 University City Blvd, Charlotte, NC 28223-0001 | http://belkcollege.uncc.edu/

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Fellow, Global Coordinator and Editor, Emerging Market Global Players (EMGP) Project

COLUMBIA UNIVERSITY | Columbia Center on Sustainable Investment* | Columbia Law School - The Earth Institute | 435 West 116th Street, New York, NY 10027 | http://ccsi.columbia.edu/

* formerly known as Vale Columbia Center on Sustainable Internatonal Investment

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Co-founder and Associate Editor

TRANSNATIONAL CORPORATIONS REVIEW | 《跨国公司评论》

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