Choose a firm in a particular Variety of Capitalism in a particular institutional context of one country or two firms in different countries (within one Variety of Capitalism or contrasting Varieties and this can be a developed country or an emerging market country). What sort of property right are and have been protected and how? What sort of legal system is there – in terms of structure and function? See Milhaupt and Pistor framework chapters 1-2 and case studies. How do these characteristics affect your chosen firm(s) strategies – in terms of labour conditions and working practices and in terms of corporate governance practices? How have these institutional characteristics affected your firm’s strategies?
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