Integrating host-country political heterogeneity into MNE–state bargaining: insights from international political economy

IF 8.6 1区 管理学 Q1 BUSINESS Journal of International Business Studies Pub Date : 2023-10-04 DOI:10.1057/s41267-023-00651-w
Sumon Kumar Bhaumik, Saul Estrin, Rajneesh Narula
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Abstract

The international business (IB) literature has emphasised the heterogeneity of firm strategies in shaping MNE–state bargaining, but largely ignored the heterogeneity of states. In contrast, the international political economy (IPE) literature provides a more nuanced consideration of state strategies and their economic and political priorities. We seek to address this oversight by making two related contributions. In the context of MNE–state bargaining, we first discuss how differences in political systems and the political and economic objectives of states may affect their negotiating stance with MNEs. We consider the impact of changes in the balance of state objectives by considering how much importance governments assign to improving the welfare of its broader population, relative to how important they are concerned with the “private benefits” that accrue to the political elites. This enables us to add micro-foundations to the characterisation of the state. Second, we apply a Nash bargaining framework to MNE–state negotiations that vividly captures the relative bargaining powers of the MNE and the state, including how “outside options” available to these two actors can influence the shape of actual bargains. We discuss the implications of these two contributions for future research.

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将东道国政治异质性纳入跨国国家谈判:来自国际政治经济学的见解
国际商务(IB)文献强调了企业战略在形成跨国国家谈判中的异质性,但在很大程度上忽略了国家的异质性。相比之下,国际政治经济学(IPE)文献对国家战略及其经济和政治优先事项提供了更细致入微的考虑。我们试图通过作出两项相关贡献来解决这一疏忽问题。在跨国公司与跨国公司谈判的背景下,我们首先讨论政治制度的差异以及各国的政治和经济目标如何影响它们与跨国公司的谈判立场。我们考虑国家目标平衡变化的影响,通过考虑政府对提高其更广泛人口福利的重视程度,相对于他们对政治精英积累的“私人利益”的关注程度。这使我们能够为国家的特征添加微观基础。其次,我们将纳什谈判框架应用于跨国公司与国家的谈判,该框架生动地捕捉了跨国公司和国家的相对议价能力,包括这两个行动者可获得的“外部选择”如何影响实际讨价还价的形式。我们将讨论这两项贡献对未来研究的影响。
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来源期刊
CiteScore
16.20
自引率
10.30%
发文量
84
期刊介绍: The Selection Committee for the JIBS Decade Award is pleased to announce that the 2023 award will be presented to Anthony Goerzen, Christian Geisler Asmussen, and Bo Bernhard Nielsen for their article titled "Global cities and multinational enterprise location strategy," published in JIBS in 2013 (volume 44, issue 5, pages 427-450). The prestigious JIBS Decade Award, sponsored by Palgrave Macmillan, recognizes the most influential paper published in the Journal of International Business Studies from a decade earlier. The award will be presented at the annual AIB conference. To be eligible for the JIBS Decade Award, an article must be one of the top five most cited papers published in JIBS for the respective year. The Selection Committee for this year included Kaz Asakawa, Jeremy Clegg, Catherine Welch, and Rosalie L. Tung, serving as the Committee Chair and JIBS Editor-in-Chief, all from distinguished universities around the world.
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