Institution-based view argues that the success and failure of firms are enabled and constrained by institutions. Which of the following about this view is true?
Institution-based view argues that the success and failure of firms are enabled and constrained by institutions. Which of the following about this view is true?
Chapter1: Financial Statements And Business Decisions
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
Transcribed Image Text:Institution-based view argues that the success and failure of firms are enabled and
constrained by institutions. Which of the following about this view is true?
Select one:
a. The institutional similarities between developed and emerging economies have
propelled the institution-based view to the forefront of strategy discussions.
b. When formal institutional constraints fail, informal constraints tend to fail as well.
C. Institutions are little more than background conditions to strategic decisions.
d. The institution-based view focuses on the dynamic interaction between
institutions and firms, and considers strategic choices the outcome of such
interaction.
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