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| Research on the Construction and Evolution Rule of Overseas Business Ecosystem in Fragile Institutional Environments—Based on the Case Analysis of CCECC |
| FENG Yongchun, GONG Yuechen, WANG Ling, WANG Mengyao |
| Tianjin University of Finance and Economics， Tianjin， China |
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Abstract This study selects China Civil Engineering Group Construction Corporation as the case study, and reveals the construction mechanism and evolution rule of overseas business ecosystem of the fragile institutional environments. The findings are as follows:①In the fragile institutional environments, Chinese infrastructure enterprises can gradually build overseas business ecosystems according to the construction mechanism of ‘decision-making basis-dominant logic—construction behavior—construction results’;②The construction of overseas business ecosystem by Chinese infrastructure enterprises has experienced the evolution of “project operation stage→industrialization construction stage→diversified expansion stage”, which dominant logic shows the evolution rule of “government-led logic→mixed logic with government-dominated, business-assisted→mixed logic of commercial dominated, government-assisted”.
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Received: 24 January 2024
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