Abstract
Why some firms perform well in natural resource-poor countries (NRPC) and others perform poorly in natural resource-rich countries (NRRC) has become significant in this era of resource booms and heavy natural resource dependence of emerging economies. Drawing from political economy and strategic management theoretical perspectives I use longitudinal multilevel and differential prediction techniques to examine the question. Data from 3,425 firms in 46 countries during the period 2007-2016 show that firms in NRPCs tend to perform better than those in NRRCs. Three factors each from political economy and strategic management account for the differential prediction. I discuss the theoretical and practical implications of the findings for organization scholarship in strategic management.
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