Legal-Economic Institutions, Entrepreneurship, and Management: Perspectives on the Dynamics of Institutional Change from Emerging Markets (Contributions to Management Science)

The study of dynamics of institutional change in emerging markets are subjects of great interest in contemporary political economy. The dynamics and quality of institutional change can have significant impacts on the long-run performance of economies, economic growth and development of nations, and play a fundamental role in societies. It provides a comprehensive understanding of legal-economic institutions, and sheds light on the way to global peace by producing a better understanding of the dynamics of historical change. Topics range from institutional uncertainty, hybrid market order and labor market institutions, to good governance of institutions and WTO rules as trade institutions, as well as entrepreneurship and institutional change in emerging markets, and the role of modern technologies. This edited volume emphasizes legal-economic institutions, and the role of management and entrepreneurship on dynamics, trends, and implications of institutional change in emerging markets. Presenting research articles by eminent scholars and experts engaged in education and research, who address and discuss the most recent issues in the field, they reveal new insights into the dynamics of institutional change for researchers interested in development of new theories and comparative studies, especially in the era of emerging markets. The book is appealing to a wide range of global audience, can serve as a useful reference work in education and research, offers innovative and productive discussions, and can satisfy scholarly and intellectual interests, regarding institutional development and a broad spectrum of its interactions with functioning of markets and economies. Acknowledgements Contents Contributors List of Figures List of Tables An Introduction to: Legal-Economic Institutions, Entrepreneurship, and Management: Perspectives on the Dynamics of Institutional Change from Emerging Markets References Part I: Legal-Economic Institutions Institutional Uncertainty: The Hybrid Market Order in Bulgaria 1 Introduction 2 Theoretical Background 3 Economic Development and Quality of Governance in Bulgaria 4 Institutional Uncertainty of the Hybrid Market Order 4.1 Institutional Ambiguity: The Legal Framework and its Enforcement 4.2 Systemic Corruption 4.2.1 Public Perceptions of Corruption 4.2.2 Cronyism: The Link between Politics and Economics 5 Trust in Institutions 6 Conclusion References Efficiency and Distributional Effects of the Two-Tracked Labor Market Institutions in Albania 1 Introduction 2 Labor Market Structure and Employment Composition in Albania 3 Welfare Regimes Clusters and Implications for Unemployment 3.1 The “Post-communist” Welfare System 3.2 Welfare Regimes as a Moderator of Economic and Labor Market Performance 4 Labor Market Institutions 4.1 Minimum Wage 4.2 Employment Protection Legislation 4.2.1 Nonstandard Forms of Employment Arrangements and Labor Market Segmentation 4.2.2 Redundancy Rules 5 Conclusion References How a Good Governance of Institutions Can Reduce Poverty and Inequality in Society? 1 Introduction 2 Theoretical Framework 2.1 Governance and Inequality in Society 2.2 Good Governance and Poverty in Society 3 Method 3.1 Data and Their Sources 3.2 Measures 3.3 Statistical Analyses, Model Specification, and Estimation Method 4 Results 5 Conclusions and Limitations Appendices Appendix A Appendix B References Escalated Export Taxes and WTO Rules as Trade Institutions: Lessons from Argentina’s Biodiesel Exports 1 Setting the Issue: WTO Rules as “Institution Building” 1.1 Industrialization Through Escalated Export Taxes 1.2 Developing Countries and WTO Rules on Contingent Protection: Antidumping and Countervailing Measures 2 Input Subsidies from Escalated Export Barriers: Estimate for Argentina’s Biodiesel Exports 3 Contingent Protection Against Biodiesel Imports from Argentina: Measures and Trade Impacts 3.1 European Union 3.2 Peru 3.3 USA 4 WTO Appellate Body Ruling Against the EU’s AD Duties 5 Final Remarks References A Dynamic Canvas Framework of Competitive Neutrality Principle (CNP) for Economic Institutional Changes Regarding State-Owned Enterprises: A Case from Vietnam 1 Introduction 2 Overview of SOEs in Vietnam 3 What and Why CNP? 3.1 CNP and Institutional Changes in Transitional Economies 3.2 Aspects of CNP 3.3 Preconditions of CNP 3.4 CNP Monitoring and Enforcement 4 Institutional Changes of Vietnam’s Economy Toward a Socialist-Oriented Market Model: Through the Lens of the CNP 4.1 National Policy Framework and Building Blocks of CNP 4.1.1 Legal Forms of Operation 4.1.2 Cost Allocation Mechanism for Designated Functions 4.1.3 Business Performance Measurement 4.1.4 Public Services and Compensation 4.1.5 Tax Neutrality 4.1.6 Regulatory Neutrality 4.1.7 Financial Incentives and Debt Neutrality 4.1.8 Government Procurement 4.2 Preconditions of CNP Application in Vietnam’s Legal Framework 4.3 CNP Monitoring and Enforcement 5 Conclusions 5.1 Overall Assessment of CNP Application to SOEs-Related Economic Institutional Changes in Vietnam 5.2 Policy Recommendations for Vietnam References Part II: Entrepreneurship and Management Entrepreneurship and Institutional Change in Emerging Markets 1 Introduction 2 Institutions and Institutional Change 2.1 What Are Institutions? 2.2 Institutional Change and Entrepreneurship 2.3 Institutions, Entrepreneurship, and Economic Growth 3 How Do Entrepreneurs Bring Institutional Change? 3.1 Institutional Change Through Political Processes 3.2 Change Through Innovation 3.3 Change Through Direct Actions 3.3.1 Evasive Entrepreneurship 3.3.2 Passive Adaptation 3.3.3 Active Adaptation and Resistance to Change 3.4 Other Mechanisms to Influence Institutional Change 3.4.1 Path-Dependency 3.4.2 Institutional Acculturation 4 Entrepreneurship and Institutional Change in Transition Countries in Recent Years 5 Conclusion References Governmental Supportive Policies for Green Entrepreneurial Activity in Saudi Arabia: An Institutional Analysis 1 Introduction 2 The Case of Saudi Arabia 3 Theoretical Framework 3.1 Institutional Economics and Green Entrepreneurship 3.2 Hypotheses Development 4 Methodology 4.1 Data and Variables 4.1.1 Dependent Variable 4.1.2 Independent Variables 4.1.3 Control Variables 4.2 Model and Techniques 5 Results and Discussion 6 Conclusions References The Role of Modern Technologies on Entrepreneurship Dynamics Across Efficiency and Innovation-Driven Countries 1 Introduction 2 Conceptual Framework Development 3 Methodology 4 Assessment 4.1 Technology Effects Among Countries 4.2 Investment in Modern Technologies 4.3 Contribution of Modern Technologies to the Entrepreneurship Dynamic 4.4 Modern Technologies and Intrapreneurship Dynamics 4.5 Importance of Modern Technologies Within Strategic Goals 4.6 Inputs and Outputs of Modern Technologies 5 Conclusions and Recommendations References Institutional Change: A Renewed Perspective on Grocery Stores Operation in Mauritius 1 Introduction 2 Literature Background 2.1 Online Grocery Shopping in Mauritius 2.2 Intention to Transact 2.3 Perceived Benefits and Appealing Factors of Online Grocery 2.4 Readiness 2.5 Attitude 3 Methodology 4 Results 5 Conclusion and Recommendation References Institutional Change of Disaster Risk Reduction Management Offices in Selected Areas of Post-Haiyan Philippines 1 Introduction 2 Sustainability and Climate Change Mitigation and Adaptation 3 Tourism Resilience 4 MSMEs and Postdisaster Tourism 5 DRRM Offices Before Typhoon Haiyan 6 DRRM Offices After Typhoon Haiyan 7 Resilience Program Outline for Postdisaster Tourism MSMEs 8 Conclusions and Implications References Index