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Research seminar with Professor Tomi Laamanen

November 8, 2013 @ 12:00 pm - 1:30 pm

Tomi LaamanenTomi Laamanen is a Chaired Professor of Strategic Management and Director at the Institute of Management of the University of St. Gallen . Prior to his present position he was Professor of Strategic Management and Director of the Institute of Strategy of Aalto University. Tomi Laamanen’s research focuses on strategic management with a special emphasis on acquisition programs, strategy processes and practices, capability dynamics, and management’s cognition. Tomi Laamanen is one of the associate editors of the Strategic Management Journal and an editorial board member in the Journal of Management.



Institutional Determinants of Acquisition Strategies: The Role of Informal Institutions in Russia


We contribute to an improved understanding of the effects of informal institutions on local firms’ acquisition behavior in an emerging economy context. We compare the different regions of the Russian Federation and propose that an environment that allows for interactions between businesses and local political decision-makers through corrupt practices, called state capture, can form an informal institutional framework that is supportive of acquisitive growth. We argue that the autonomy and continuity of regional political leadership strengthens this effect. Moreover, we find that a disruption caused by a change in regional political leadership – a central element of informal institution – can deter acquisition behavior, irrespective of the extent to which state capture is possible. Results from an analysis of the behavior of 2,981 firms established in 40 different regions of Russia during 2001-2008 support most of our predictions. We extend the existing research on institutional determinants of behavior and the importance of informal institutions for stability and predictability when businesses have to cope with institutional voids.


November 8, 2013
12:00 pm - 1:30 pm
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Kilen CBS
Kilevej 14A, room k.2.75
Copenhagen, 2000 Denmark
+45 3815 3390


Department of Strategic Management and Globalization