Articles under review
 Pro-market reforms and the outsourcing tradeoffs: Evidence from transition economies. With Mukherjee, D., Singh, D., & Gaur, A.
Abstract: What determines the firm scope is a fundamental question driving the strategy and international business literature. A rich body of work has utilized a multitude of theoretical perspectives to predict conditions affecting the vertical scope of a firm. However, this approach has historically not accounted for the influence of pro-market institutional reforms on the firm’s governance decision. This is rather surprising given pro-market reforms lead to market supporting institutions, which, in theory, should encourage market-based governance and impact a firm’s vertical scope. In attempting to fill this lacuna, we develop a model based on insights from institution-based view, strategic flexibility perspective, and transaction cost theory to examine how pro-market reforms and firm-level intangible assets influence outsourcing of production activities. Empirical evidence derived from the analysis of firms from transition economies indicates that in the backdrop of institutional changes, the levels of outsourcing of production activities are strongly shaped by both economic and legal reforms- and firm-level intangible assets (R&D). Furthermore, R&D investment moderates the relationship between pro-market reforms and outsourcing such that the positive association between reforms and outsourcing is weaker for firms that engage in R&D.
 Nuruzzaman, N., Gaur, A., & Sambharya, R. The Accession to the WTO and internationalization of firms from emerging markets.
Abstract: International business scholars recently have shifted attention to the role of supranational institutions in influencing the cross-border activities of firms. Such shifting in the analysis of focal institution is necessary as supranational institutions can fill the void of domestic institutions, especially in developing countries. Taking advantage of the variation of entry date to the World Trade Organization (WTO), we perform the difference-in-difference test to examine whether country accession to the WTO significantly increases firms’ degree of internationalization. In addition, we bring insights from the cognitive psychology approach to the study of institutions and argue that firms’ reactions to membership in supranational institutions vary depending on how the manager perceives the institutional environment. We find that firms from countries that accede to WTO have significantly higher growth of foreign sales when their managers have positive perception about the domestic institution. In contrary, accession to the supranational institution does not significantly increase foreign sales of firms whose managers perceive domestic institutions as obstacles.