Financial and business services (FABS) as intermediaries play a significant role in global production networks (GPNs). Yet the mechanisms through which they influence the activities of lead and supplier firms in GPNs have received little in-depth attention. The paper addresses this shortcoming...

Questions remain about the factors that influence the ability of transnational corporations (TNCs) to shape processes of institutional change. In particular, questions about power relations need more attention. To address such questions, this article develops a neoinstitutional theory-inspired...