The authors argue that closer attention should be paid to the interorganizational rules of decision making and their implications for intraorganizational processes. They claim that exogenous changes in macro-institutional rules, which result in a move from formal and sequential to informal and simultaneous interaction between collective actors, will lead to changes in individual actors’ respective ...

What is the relationship between globalization and the political power of business? Much of the existing literature focuses on the ability of mobile capital to threaten exit in order to press for more business friendly rules. In this article, we refine arguments about exit options in global markets by arguing that the relative exit options ...