Host country corruption and MNE location choice: The view of institutional pluralism |
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| Institution: | 1. Faculty of Economics, Oita University, 700 Dannoharu, Oita city, Oita 870-1192, Japan;2. Graduate School of Business and Finance, Waseda University, 1-6-1 Nishi-Waseda, Shinjuku-ku, Tokyo 169-8050, Japan;1. Indian Institute of Technology Kharagpur, West Bengal, India;2. Department of Marketing, Indian Institute of Management Ranchi, Jharkhand, India;3. SP Jain School of Global Management, Dubai, United Arab Emirates;4. University of Palermo, Palermo, Italy;1. Palm Beach Atlantic University, 901 S Flagler Dr, West Palm Beach, FL 33401, United States of America;2. University of Texas, Austin, College of Education, 1912 Speedway, Stop D5000, Austin, TX 78712, United States of America;1. School of Management, Northwestern Polytechnical University, Xi''an, Shaanxi 710072, PR China;2. Faculty of Economics and Management, Free University of Bozen/Bolzano, Universitätsplatz 1, 93100 Bozen/Bolzano, Italy;3. Asia School of Business, 50480 Kuala Lumpur, Malaysia;4. Leuphana University of Lüneburg, Universitaetsallee 1, 21335 Lüneburg, Germany;5. Department of Management and Organisation, NUS Business School, National University of Singapore, 15 Kent Ridge Drive, 119245, Singapore;1. Waseda University, School of Commerce, 1-6-1 Nishiwaseda, Shinjuku-ku, Tokyo 169-8050, Japan;2. University of Hawaii at Manoa, The Shidler College of Business, Department of Marketing, 2404 Maile Way, Honolulu, HI 96822, USA;3. School of Management and Entrepreneurship, Kyambogo University, P.O.Box 1 Kyambogo, Kampala, Uganda;4. School of Business, Uganda Christian University, P.O. Box 4, Mukono, Uganda;5. Anheuser-Busch Hall 223, Department of Marketing, College of Business Administration, University of Missouri-St. Louis, One University Boulevard, St. Louis, MO 63211, USA |
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| Abstract: | Whether to invest in a corrupt host country is an important decision for MNEs. Although scholars have investigated the contingent impacts of the institutional characteristics of the MNE parent's home country, extant research concentrates on examining the country-level contingent impact. It neglects the institutional pluralism view that MNEs could face different institutional logics through firm-level channels in their home country, which influences their decision to enter a corrupt host country. Employing the unique dataset of 42,126 Japanese MNE-host country-year pairs, this study finds that MNEs are discouraged from investing in corrupt host countries when they have greater foreign ownership or a higher ratio of independent board members because they face shareholder-oriented institutional logic in the home country. Such an effect is mitigated when MNEs are embedded in cross-equity holdings, as they face stakeholder-oriented logic. |
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