We draw on institutional theory and the resource-based view to analyze the relation between home-country governance imperfections and the export intensity of firms in transition economies, including an examination of the moderating role of innovation. We propose that greater governance imperfections result in lower export intensity and that innovation mitigates the constraints of operating with weak home-country institutions. Analyses of panel data from the Business Environment and Enterprise Performance Survey (BEEPS) on firms from transition economies provide support for our arguments. Our findings allow us to conclude that although firms from transition economies face difficulties to export due to the regulatory constraints of their home countries, a strategy based on innovation represents a viable way of overcoming these limitations.

我们利用制度理论和基于资源的观点来分析转型经济体中母国治理不完善与企业出口强度之间的关系，包括检验创新的调节作用。我们认为，更大的治理不完善会导致出口强度降低，而创新可以减轻与薄弱的母国机构合作的限制。商业环境和企业绩效调查 (BEEPS) 中关于转型经济体公司的面板数据分析为我们的论点提供了支持。我们的研究结果使我们得出结论，尽管来自转型经济体的公司由于其本国的监管限制而面临出口困难，但基于创新的战略是克服这些限制的可行方法。