Multinationals’ political activity for institutional change: Evidence from Spain during the international crisis of 2008 |
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Authors: | Antonia M García-Cabrera Juan J Durán-Herrera Sonia M Suárez-Ortega |
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Institution: | 1. Universidad de Las Palmas de Gran Canaria (ULPGC), Facultad de Economía, Empresa y Turismo, Las Palmas de Gran Canaria, Spain;2. Universidad Autónoma de Madrid, Facultad de Ciencias Económicas y Empresariales, Madrid, Spain |
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Abstract: | International crises generate uncoupling between multinational enterprises (MNEs) and the institutional environment. In these settings, industry associations of MNEs have an incentive to engage in institutional change by taking a role as institutional entrepreneurs in order to generate change within the existing, unsuitable institutions. However, MNEs can also try to avoid such institutions or try to adapt to them. Because the antecedents and outcomes of these three forms of engagement in institutional change (institutional avoidance, adaptation, and entrepreneurship) have been scarcely studied in Europe, this reflection examines the case of Spain during the international crisis and analyses the coordinated action of MNEs through their associations in seven industries. The discussion of 30 pieces of evidence regarding the engagement in institutional change in Spain suggests a model that proposes relevant antecedents of different forms of engagement and the expected outcomes resulting from the chosen forms, among them: co-evolution and co-involution. |
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Keywords: | Corresponding author Institutional theory Institutional change Institutional entrepreneurship Multinational enterprises MNE Industry associations Economic crisis F23 G01 O43 D71 D73 H70 |
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