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Diversity between and within varieties of capitalism: transnational survey evidence

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  • James T. Walker
  • Christopher Brewster
  • Geoff Wood

Abstract

One of the central debates in contemporary socio-economics concerns the relationship between institutions and firm-level practices and the persistence of a number of alternative viable models for economic development. We examine diversity within and between specific types of capitalism using data from a transnational survey incorporating 14 organizational level practices in a sample of six capitalist archetypes, constituting 27 countries and some 6503 firms. We focus on one of the key-defining features of different varieties of capitalism, the interdependence of employers and employees. We find that there are clustering tendencies, consistent with the literature, but also considerable diversity within as well as between the varieties, although we did not find "diffuse diversity" or homogeneity. The analysis supports a complex and nuanced relationship within and between varieties of capitalism that has not been previously captured in the literature.

Suggested Citation

  • James T. Walker & Christopher Brewster & Geoff Wood, 2014. "Diversity between and within varieties of capitalism: transnational survey evidence," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 23(2), pages 493-533.
    • Handle: RePEc:oup:indcch:v:23:y:2014:i:2:p:493-533.
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    File URL: http://hdl.handle.net/10.1093/icc/dtt014
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    Citations

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    Cited by:

    1. Fainshmidt, Stav & Judge, William Q. & Aguilera, Ruth V. & Smith, Adam, 2018. "Varieties of institutional systems: A contextual taxonomy of understudied countries," Journal of World Business, Elsevier, vol. 53(3), pages 307-322.
    2. Johann Fortwengel, 2017. "Understanding When MNCs can Overcome Institutional Distance: A Research Agenda," Management International Review, Springer, vol. 57(6), pages 793-814, December.
    3. Walker, James & Wood, Geoff & Brewster, Chris & Beleska-Spasova, Elena, 2018. "Context, market economies and MNEs: The example of financial incentivization," International Business Review, Elsevier, vol. 27(1), pages 21-33.
    4. Wu, Jie & Wood, Geoffrey & Khan, Zaheer, 2021. "Top management team’s formal network and international expansion of Chinese firms: The moderating role of state ownership and political ties," International Business Review, Elsevier, vol. 30(3).
    5. Crawford Spence & Chris Carter & Ataur Belal & Javier Husillos & Claire Dambrin & Pablo Archel, 2016. "Tracking habitus across a transnational professional field," Work, Employment & Society, British Sociological Association, vol. 30(1), pages 3-20, February.
    6. Malik, Tariq H., 2017. "Varieties of capitalism, innovation performance and the transformation of science into exported products: A panel analysis," Technological Forecasting and Social Change, Elsevier, vol. 118(C), pages 324-333.
    7. Wood, Geoffrey & Brewster, Chris, 2016. "Corporate Governance and Human Resource Management," Annals of Corporate Governance, now publishers, vol. 1(4), pages 249-319, November.
    8. Fernando Moreira Silva & Mario Henrique Ogasavara & Renato Pereira, 2024. "Institutional distances and equity-based entry modes: a systematic literature review," Management Review Quarterly, Springer, vol. 74(3), pages 1723-1790, September.
    9. Goergen, Marc & Chahine, Salim & Wood, Geoffrey & Brewster, Chris, 2019. "The relationship between public listing, context, multi-nationality and internal CSR," Journal of Corporate Finance, Elsevier, vol. 57(C), pages 122-141.
    10. Jyoti Choudrie & Shruti Patil & Ketan Kotecha & Nikhil Matta & Ilias Pappas, 2021. "Applying and Understanding an Advanced, Novel Deep Learning Approach: A Covid 19, Text Based, Emotions Analysis Study," Information Systems Frontiers, Springer, vol. 23(6), pages 1431-1465, December.

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