AIB 2012 Conference Proceedings - Academy of International ...

TUESDAY
Performance Survey (BEEPS) over the period 2002-2008, we estimate a bivariate probit model of exporting and
importing. The main finding is that there is a positive correlation between import and export at the level of the
firm, but after controlling for size (and other firm level character- istics) importing have a positive effect on
exporting, but exporting to not increase the probability of importing. The evidence is thus consistent with the
presence of common sunk costs and with a one-way link between im- porting and exporting. The positive effect
of import on export is mainly due to an increase in firm productivity and product innovation (For more
information, please contact: Davide Castellani, University of Perugia, Italy: davide.castellani@unipg.it)
Session: 3.4.10 - Competitive
Track: 1 - Institutions, Governance, and CSR
Microfinance, Venture Investment and International Business
Presented On: July 3, 2012 - 14:30-15:45
Chair: Raj Aggarwal, University of Akron
National Institutional Configurations, Organizational Forms, and
in Global Microfinance
Eric Yanfei Zhao, University of Alberta
the Financial-Social Performance Relationship
In this paper, I develop a configurational approach to the financial-social performance debate and apply it to a
study of the global microfinance organizations (MFOs) in 94 countries between 1995 and 2007. Based on their
relative performance on both financial and social dimensions, MFOs are categorized into four ideal types: selfsustainable,
mission-drifting, subsidized, and failing. According to the configurational approach, the specific
ideal type an MFO falls into depends on both national institutional configurations and the MFO's organizational
form. Results provide support for the configurational approach and have significant theoretical and policy
implications. (For more information, please contact: Eric Yanfei Zhao, University of Alberta, Canada:
eric.zhao@ualberta.ca)
The Dividends of Diaspora: Migrants, Remittances, and Changes in Home-Country Rule of Law
Michael Cummings, University of Minnesota
Paul Vaaler, University of Minnesota
Michael Barnett, University of Oxford
How do we explain the cross-country transmission of institutional norms vital to international business ("IB")
Since at least the 1970s, scholars have highlighted the role of governments, banks and business as means for
transmitting institutional norms across countries. In the 2000s, migrants may constitute a new and increasingly
important transmission source from developed to developing countries. We choose one such institutional norm,
rule of law, and develop alternative theories to explain how rule-of-law norms might be transmitted to
developing countries through migrants and their remittances. We then present evidence from regression
analyses of migrants, migrant remittances and rule-of-law trends in 49 developing countries from 2001-2010.
Results suggest that home-country rule of law strengthens as the host-country rule of law of remitting migrants
strengthens. Migrants and their remittances matter, but their impact on institutional norms in the home country
depends on where both reside abroad. (For more information, please contact: Michael Cummings, University of
Minnesota, USA: cummings@umn.edu)
Business, the State, and Poverty Alleviation: Insights from the Backlash against Commercial Microfinance in
India
Joshua K. Ault, University of Victoria
Andrew Spicer, University of South Carolina
AIB 2012 Conference Proceedings
Page 254