author_facet Klarin, Anton
Ray, Pradeep Kanta
Klarin, Anton
Ray, Pradeep Kanta
author Klarin, Anton
Ray, Pradeep Kanta
spellingShingle Klarin, Anton
Ray, Pradeep Kanta
International Journal of Emerging Markets
Political connections and strategic choices of emerging market firms : Case study of Russia’s pharmaceutical industry
General Medicine
author_sort klarin, anton
spelling Klarin, Anton Ray, Pradeep Kanta 1746-8809 Emerald General Medicine http://dx.doi.org/10.1108/ijoem-05-2016-0138 <jats:sec><jats:title content-type="abstract-subheading">Purpose</jats:title><jats:p>The purpose of this paper is to investigate the importance of political connections in the emerging market context.</jats:p></jats:sec><jats:sec><jats:title content-type="abstract-subheading">Design/methodology/approach</jats:title><jats:p>A case study analysis of three Russian pharmaceutical firms is conducted to uncover how they performed through the Russian transition – the institutional upheaval of the 1990s – and the ongoing state-led industrialization.</jats:p></jats:sec><jats:sec><jats:title content-type="abstract-subheading">Findings</jats:title><jats:p>In the early years of transition, firms heavily rely on political networking to gain legitimacy and fill institutional voids. As institutions strengthen, the need for political networking is being substituted by arm’s length networking. Strengthening of institutions also results in a more stable business environment, evolving firms’ strategies from short-term core competency concentration to long-term innovative visions.</jats:p></jats:sec><jats:sec><jats:title content-type="abstract-subheading">Research limitations/implications</jats:title><jats:p>Firms operating in the Russian, Commonwealth of Independent States and some other Eastern European state domains must be wary of complex ties that are prevalent in these countries and often can assist or hinder firm performance. Although formal institutions strengthen arm’s length networks, a close cooperation between strategic firms and the state remains.</jats:p></jats:sec><jats:sec><jats:title content-type="abstract-subheading">Originality/value</jats:title><jats:p>The paper proposes two phases of the Russian transition and provides a taxonomy of strategic choices of Russian firms during the transition. Further, the paper describes the key institutional developments in the two phases of the Russian transition. Finally, a framework of political connections and their role in business operations in the two phases of the transition is provided.</jats:p></jats:sec> Case study of Russia’s pharmaceutical industry Political connections and strategic choices of emerging market firms : Case study of Russia’s pharmaceutical industry International Journal of Emerging Markets
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title_sub Case study of Russia’s pharmaceutical industry
title Political connections and strategic choices of emerging market firms : Case study of Russia’s pharmaceutical industry
title_unstemmed Political connections and strategic choices of emerging market firms : Case study of Russia’s pharmaceutical industry
title_full Political connections and strategic choices of emerging market firms : Case study of Russia’s pharmaceutical industry
title_fullStr Political connections and strategic choices of emerging market firms : Case study of Russia’s pharmaceutical industry
title_full_unstemmed Political connections and strategic choices of emerging market firms : Case study of Russia’s pharmaceutical industry
title_short Political connections and strategic choices of emerging market firms : Case study of Russia’s pharmaceutical industry
title_sort political connections and strategic choices of emerging market firms : case study of russia’s pharmaceutical industry
topic General Medicine
url http://dx.doi.org/10.1108/ijoem-05-2016-0138
publishDate 2019
physical 410-435
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spelling Klarin, Anton Ray, Pradeep Kanta 1746-8809 Emerald General Medicine http://dx.doi.org/10.1108/ijoem-05-2016-0138 <jats:sec><jats:title content-type="abstract-subheading">Purpose</jats:title><jats:p>The purpose of this paper is to investigate the importance of political connections in the emerging market context.</jats:p></jats:sec><jats:sec><jats:title content-type="abstract-subheading">Design/methodology/approach</jats:title><jats:p>A case study analysis of three Russian pharmaceutical firms is conducted to uncover how they performed through the Russian transition – the institutional upheaval of the 1990s – and the ongoing state-led industrialization.</jats:p></jats:sec><jats:sec><jats:title content-type="abstract-subheading">Findings</jats:title><jats:p>In the early years of transition, firms heavily rely on political networking to gain legitimacy and fill institutional voids. As institutions strengthen, the need for political networking is being substituted by arm’s length networking. Strengthening of institutions also results in a more stable business environment, evolving firms’ strategies from short-term core competency concentration to long-term innovative visions.</jats:p></jats:sec><jats:sec><jats:title content-type="abstract-subheading">Research limitations/implications</jats:title><jats:p>Firms operating in the Russian, Commonwealth of Independent States and some other Eastern European state domains must be wary of complex ties that are prevalent in these countries and often can assist or hinder firm performance. Although formal institutions strengthen arm’s length networks, a close cooperation between strategic firms and the state remains.</jats:p></jats:sec><jats:sec><jats:title content-type="abstract-subheading">Originality/value</jats:title><jats:p>The paper proposes two phases of the Russian transition and provides a taxonomy of strategic choices of Russian firms during the transition. Further, the paper describes the key institutional developments in the two phases of the Russian transition. Finally, a framework of political connections and their role in business operations in the two phases of the transition is provided.</jats:p></jats:sec> Case study of Russia’s pharmaceutical industry Political connections and strategic choices of emerging market firms : Case study of Russia’s pharmaceutical industry International Journal of Emerging Markets
spellingShingle Klarin, Anton, Ray, Pradeep Kanta, International Journal of Emerging Markets, Political connections and strategic choices of emerging market firms : Case study of Russia’s pharmaceutical industry, General Medicine
title Political connections and strategic choices of emerging market firms : Case study of Russia’s pharmaceutical industry
title_full Political connections and strategic choices of emerging market firms : Case study of Russia’s pharmaceutical industry
title_fullStr Political connections and strategic choices of emerging market firms : Case study of Russia’s pharmaceutical industry
title_full_unstemmed Political connections and strategic choices of emerging market firms : Case study of Russia’s pharmaceutical industry
title_short Political connections and strategic choices of emerging market firms : Case study of Russia’s pharmaceutical industry
title_sort political connections and strategic choices of emerging market firms : case study of russia’s pharmaceutical industry
title_sub Case study of Russia’s pharmaceutical industry
title_unstemmed Political connections and strategic choices of emerging market firms : Case study of Russia’s pharmaceutical industry
topic General Medicine
url http://dx.doi.org/10.1108/ijoem-05-2016-0138