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Political Connections And Strategic Choices Of Emerging Market Firms: Case Study Of Russia’S Pharmaceutical Industry, Anton Klarin, Pradeep Kanta Ray
Political Connections And Strategic Choices Of Emerging Market Firms: Case Study Of Russia’S Pharmaceutical Industry, Anton Klarin, Pradeep Kanta Ray
Research outputs 2014 to 2021
Purpose – The purpose of this paper is to investigate the importance of political connections in the emerging market context.
Design/methodology/approach – 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.
Findings – 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 …