Resource Investment Model in Specifics of Developing Countries
Svetlana V. Orekhova, Evgeny A. Kuzmin
Svetlana V. Orekhova
Available Online June 2017.
- https://doi.org/10.2991/ttiess-17.2017.80How to use a DOI?
- resource strategy; institutional environment; transaction cost; developing countries
- The research was aimed at a search for characteristic criteria, using which it is possible to choose resource strategies specific for companies in the developing countries in the context of Russia. At the same time, differences between institutional environments of the developing and developed countries lead to ambiguous conclusions. The critical review of methodological approaches to the research has made it possible to obtain the reasonable evidence for the conclusion that managerial decision-making of the model depends on resource properties, as well as dynamic and structural parameters of the institutional environment (factors). The results, shown in the paper, say that it is necessary to revise the imperative paradigm about significance of the minimization criterion for cumulative costs and the expense ratio. Contrary to the reasonable focus on the accepted model of investment in non-specific assets, businesses in Russia apply the intermediate hybrid model with rigid boundaries and primarily institutional coordination mechanisms.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Svetlana V. Orekhova AU - Evgeny A. Kuzmin PY - 2017/06 DA - 2017/06 TI - Resource Investment Model in Specifics of Developing Countries PB - Atlantis Press SP - 488 EP - 494 SN - 2352-5428 UR - https://doi.org/10.2991/ttiess-17.2017.80 DO - https://doi.org/10.2991/ttiess-17.2017.80 ID - Orekhova2017/06 ER -