Long Range Planning最新文献

How international physical presence and infrastructure differences moderate the link between digital internationalization and MNE performance 国际实体存在和基础设施差异如何调节数字国际化与跨国公司绩效之间的联系

IF 6.3 2区管理学 Q1 BUSINESS

Long Range Planning

Pub Date : 2026-04-01 Epub Date: 2026-02-06 DOI: 10.1016/j.lrp.2026.102619

Georgios Batsakis , Vasilis Theoharakis , Chengguang Li , Palitha Konara

While prior work has predominantly studied the performance implications of multinational enterprise (MNE) physical internationalization, research on how MNEs perform when simultaneously coordinating international digital channels and physical presence remains scarce. This challenge is particularly acute in retail, where the strategic convergence of born-digital retailers expanding physically and traditional retailers going digital creates new cross-domain challenges. Nonetheless, the impact of international physical presence and differences in home country physical infrastructure relative to host countries on MNE performance remains unexplored. Drawing on the integration-responsiveness (IR) framework, we suggest that a non-linear, U-shaped pattern governs the relationship between digital internationalization and performance for these retail MNEs, because the costs of integration and responsiveness are dominant at lower levels of internationalization while their advantages become more pronounced with increased internationalization. Further, we argue that the digital internationalization and MNE performance relationship steepens (a) with a higher international physical presence and (b) for firms originating from home countries with superior physical infrastructure relative to their host countries. Utilizing an 11-year panel of some of the largest retail MNEs, our research contributes to international strategy literature by extending the IR framework to a multidomain digital and physical context, stressing the strategic importance of firm- and country-level physical resources and infrastructure in digital internationalization.

虽然先前的工作主要是研究跨国企业（MNE）实体国际化对绩效的影响，但关于跨国企业在协调国际数字渠道和实体存在时如何绩效的研究仍然很少。这一挑战在零售领域尤为突出，数字化零售商的实体扩张和传统零售商的数字化战略融合创造了新的跨领域挑战。尽管如此，国际实体存在以及母国实体基础设施相对于东道国的差异对跨国公司绩效的影响仍未得到探讨。根据整合-响应性（IR）框架，我们认为这些零售跨国公司的数字化国际化与绩效之间的关系是非线性的u型模式，因为整合和响应性的成本在较低的国际化水平下占主导地位，而随着国际化程度的提高，它们的优势变得更加明显。此外，我们认为，数字国际化和跨国公司绩效之间的关系(a)随着国际实体存在的增加和(b)来自母国的公司相对于东道国拥有更优越的实体基础设施而变得更加陡峭。利用对一些最大的零售跨国公司长达11年的调查，我们的研究通过将IR框架扩展到多领域的数字和物理背景，强调公司和国家层面的物理资源和基础设施在数字国际化中的战略重要性，为国际战略文献做出了贡献。

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引用次数: 0

Keep or disrupt the rhythm? The effect of political connections on R&D irregularity 保持还是破坏节奏？政治关系对研发违规的影响

IF 8.5 2区管理学 Q1 BUSINESS

Long Range Planning

Pub Date : 2026-03-20 DOI: 10.1016/j.lrp.2026.102632

Anran Li

引用次数: 0

International production in the age of platform multinationals 跨国公司平台时代的国际生产

IF 6.3 2区管理学 Q1 BUSINESS

Long Range Planning

Pub Date : 2026-02-01 Epub Date: 2026-01-14 DOI: 10.1016/j.lrp.2026.102607

Alexey Bereznoy.

The advancement of platform multinational enterprises (PMNEs) to the forefront of the world's largest business players has become one of the latest global economic trends. Adopting platform-based business models has not only radically transformed the operation of this new breed of MNEs but also challenged the foundations of the established theories of multinational enterprise. It is against this background that increasingly visible changes are taking place in the area of international production, which was traditionally seen as an inherent attribute of MNEs' activities. This paper aims to explore these changes arising from the platformization of multinational business. The work identified a number of the new characteristics that the rapid expansion of PMNEs conveys to the international production, including different mode of formation of the global production networks, specific governance mechanism based on orchestration of ecosystem participants and changing role of data in international production activities. The paper also highlights serious challenges that the complex intertwining of the new and traditional formats of international production generates for multinational incumbents in the context of their platformization. Given the current importance and fast-growing nature of PMNEs, it is suggested to extend the borders of the international production notion by including not only the traditional part controlled by classic MNEs through equity-based and non-equity instruments but also the new platform-based segment that covers production activities governed by global digital platforms.

平台型跨国企业（PMNEs）向全球最大商业参与者的前沿发展已成为最新的全球经济趋势之一。采用基于平台的商业模式不仅从根本上改变了这种新型跨国公司的运作方式，而且也挑战了现有跨国企业理论的基础。正是在这种背景下，国际生产领域正在发生日益明显的变化，而国际生产传统上被视为跨国公司活动的固有属性。本文旨在探讨跨国企业平台化带来的这些变化。这项工作确定了PMNEs的迅速扩大给国际生产带来的一些新特征，包括全球生产网络形成的不同模式、基于生态系统参与者协调的具体治理机制以及数据在国际生产活动中不断变化的作用。本文还强调了跨国公司在其平台化背景下，新的和传统的国际生产形式的复杂交织给他们带来的严峻挑战。鉴于PMNEs目前的重要性和快速增长的性质，建议扩大国际生产概念的边界，不仅包括由经典跨国公司通过基于股权和非股权的工具控制的传统部分，还包括涵盖由全球数字平台管理的生产活动的新的基于平台的部分。

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引用次数: 0

Lifelines and sinking ships: Investor reactions to asset retirements during industry transitions 生命线和沉船：投资者对行业转型期间资产退役的反应

IF 6.3 2区管理学 Q1 BUSINESS

Long Range Planning

Pub Date : 2026-02-01 Epub Date: 2026-01-09 DOI: 10.1016/j.lrp.2026.102605

Julianne Sellin , Todd Schifeling , Ram Mudambi

The decarbonization of carbon-intensive industries presents a critical challenge for firms and policymakers. While incumbent firms possess the resources and capabilities to lead these transitions, they frequently face economic and institutional barriers that delay adaptation. When incumbent firms attempt to reconfigure their core assets to respond to industry disruption, they often face pressure from financial markets to maintain their existing strategy. Prior research suggests that such pressures may mitigate over time as the need for adaptation becomes more accepted. However, less is known about how incumbents are variably exposed to these pressures and the underlying drivers of a shift in investor reactions. Building on research on incumbent adaptation and stakeholder management, we argue that technological commitment contributes to firm-specific exposure to inertial pressures, while convergence in economic interests and normative values helps to align adaptive organizations with investors. Greater levels of technological displacement and shareholder activism lead investors to react more favorably to retirements related to an incumbents’ core technology. On the other hand, investors favor more proactive retirements by incumbents with peripheral exposure to the technology. We find support for our arguments from an event study of decisions to retire coal generators by U.S. investor-owned electric utilities from 2008 to 2018. Our results contribute to understanding challenges with incumbent adaptation to industry disruption, as well as the urgent issue of climate change mitigation by highlighting how financial markets can shape the decarbonization trajectories of carbon-intensive incumbents.

碳密集型产业的脱碳对企业和政策制定者来说是一个重大挑战。虽然现有企业拥有领导这些转型的资源和能力，但它们经常面临经济和制度障碍，从而推迟了适应。当现有企业试图重新配置其核心资产以应对行业动荡时，它们往往面临来自金融市场的压力，要求它们维持现有战略。先前的研究表明，随着适应的需要被更多地接受，这种压力可能会随着时间的推移而减轻。然而，对于现有企业如何以不同的方式暴露于这些压力，以及投资者反应转变的潜在驱动因素，人们知之甚少。基于对在职者适应和利益相关者管理的研究，我们认为技术承诺有助于企业特定的惯性压力暴露，而经济利益和规范价值观的趋同有助于使适应性组织与投资者保持一致。更大程度的技术替代和股东激进主义导致投资者对与现有企业核心技术相关的退休反应更积极。另一方面，投资者更青睐那些对技术有外围接触的现有企业主动退休。我们从2008年至2018年美国投资者所有的电力公司决定退役燃煤发电机的事件研究中找到了支持我们论点的证据。我们的研究结果通过强调金融市场如何塑造碳密集型现有企业的脱碳轨迹，有助于理解现有企业适应行业颠覆所面临的挑战，以及缓解气候变化的紧迫问题。

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引用次数: 0

Bridging corporate purpose and strategic renewal: A review and future research agenda 衔接企业目标与战略更新：回顾与未来研究议程

IF 6.3 2区管理学 Q1 BUSINESS

Long Range Planning

Pub Date : 2026-02-01 Epub Date: 2025-11-24 DOI: 10.1016/j.lrp.2025.102591

Chiara Pantalena, Luca Manelli, Josip Kotlar, Federico Frattini

There is growing interest in the strategic role of corporate purpose in processes of strategic renewal, but existing research appears fragmented and offers mixed insights. Some evidence suggests that purpose-driven organizations might be more flexible in navigating change and better able to radically reinvent themselves. Other studies emphasize the path-dependent nature of corporate purpose, conceiving it as a conservative force leading to inertia. Despite the substantial endorsement of the connection between corporate purpose and strategic renewal by practitioners, research lags behind in fully understanding and explaining the role of corporate purpose in strategic renewal processes. This disconnect reflects a broader issue of limited knowledge cumulativity, as fragmented research streams have so far impeded the development of an integrated understanding of these phenomena. To address this issue, this study develops a systematic literature review to identify the links between corporate purpose and strategic renewal across diverse research streams. Building on this analysis, using a design-oriented approach, we organize a research agenda of the purpose-strategic renewal nexus, bridging different and sometimes divergent streams of literature and outlining opportunities to contribute to theoretical advancements across diverse theoretical traditions and empirical contexts. The proposed research agenda is organized around three main objectives: testing and elaborating, contextualizing, and theorizing the relationship between corporate purpose and strategic renewal.

人们对企业目标在战略更新过程中的战略作用越来越感兴趣，但现有的研究似乎支离破碎，提供的见解参差不齐。一些证据表明，目标驱动型组织在应对变化方面可能更灵活，更能从根本上重塑自己。其他研究则强调企业目标的路径依赖性质，认为它是一种导致惯性的保守力量。尽管从业者对企业目标与战略更新之间的联系给予了大量认可，但在充分理解和解释企业目标在战略更新过程中的作用方面，研究仍然滞后。这种脱节反映了一个更广泛的知识积累有限的问题，因为碎片化的研究流迄今为止阻碍了对这些现象的综合理解的发展。为了解决这一问题，本研究进行了系统的文献综述，以确定企业目标与战略更新之间的联系。在此分析的基础上，采用设计导向的方法，我们组织了一个目的-战略更新联系的研究议程，弥合不同的，有时是分歧的文献流，并概述了在不同理论传统和经验背景下为理论进步做出贡献的机会。拟议的研究议程围绕三个主要目标组织：测试和详细说明，情境化和理论化公司目标与战略更新之间的关系。

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引用次数: 0

Framing circularity in an AI ecosystem: Aligning purpose, strategy, and governance 在人工智能生态系统中构建循环：调整目标、战略和治理

IF 6.3 2区管理学 Q1 BUSINESS

Long Range Planning

Pub Date : 2026-02-01 Epub Date: 2025-12-08 DOI: 10.1016/j.lrp.2025.102601

Saeed Khanagha , Shaz Ansari , Saeedeh Ahmadi

This paper develops a conceptual framework to explain how alignment around circular economy goals is challenged and negotiated within a business ecosystem in which an AI orchestrator and decentralized yet interdependent actors co-create AI-based value. We argue that circularity in this context is not merely a technical or structural coordination problem but also an interpretive challenge. This challenge is shaped by the heterogeneity of interests among actors as well as the polysemous nature of AI technologies, which results in variation in how AI implications and circularity objectives are understood and prioritized. Building on ecosystem theory and framing research, we identify three interrelated tensions related to purpose, strategy, and governance. These tensions reflect underlying conflicts in meaning, responsibility, and control. We then theorize how contrasting frames interact and reinforce each other, and how reconciliatory framings emerge through new entrants and peripheral actors, as well as orchestrators who adjust or stabilize their own framing. This perspective advances understanding of circularity as a contested process and contributes to research on ecosystem governance and alignment. We show how framing processes shape coordination in the absence of hierarchical control.

本文开发了一个概念框架来解释如何在人工智能协调者和分散但相互依存的参与者共同创造基于人工智能的价值的商业生态系统中挑战和协商围绕循环经济目标的一致性。我们认为，在这种情况下，循环性不仅是一个技术或结构协调问题，也是一个解释上的挑战。这一挑战是由参与者之间利益的异质性以及人工智能技术的多义性决定的，这导致了人工智能影响和循环目标的理解和优先级的变化。在生态系统理论和框架研究的基础上，我们确定了与目的、战略和治理相关的三个相互关联的紧张关系。这些紧张反映了在意义、责任和控制方面的潜在冲突。然后，我们理论化了对比框架如何相互作用和加强，以及和解框架如何通过新进入者和外围参与者以及调整或稳定自己框架的策划者出现。这一观点促进了对循环作为一个有争议的过程的理解，并有助于生态系统治理和校准的研究。我们展示了框架过程如何在缺乏层次控制的情况下形成协调。

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引用次数: 0

Institutional work of SMEs in coopetition: Developing competence diversity in a resource- scarce environment 合作中中小企业的制度工作：资源稀缺环境下能力多样性的发展

IF 6.3 2区管理学 Q1 BUSINESS

Long Range Planning

Pub Date : 2026-02-01 Epub Date: 2025-12-30 DOI: 10.1016/j.lrp.2025.102603

Kristin Sabel , Andreas Kallmuenzer , Johanna Gast , Wojciech Czakon

While strategy research has extensively examined interfirm collaboration, the micro-foundations of coopetition – particularly how firms develop collaborative practices with competitors – remain underexplored. This study investigates how SMEs institutionalize coopetition, as a strategic response to resource constraints. We examine how SMEs have addressed the challenges of acquiring skilled workers in resource-scarce business environments. Drawing on Institutional Theory, our time-lagged study (2019–2024) of manufacturing and tourism SMEs reveals how strategic adaptation through coopetition enhances firms’ competence diversity. We used a qualitative methodology and conducted 40 semi-structured interviews with Swedish SME owners/CEOs, in two equal waves in 2019 and 2024, with a majority of the firms being the same. By approaching tourism and manufacturing industry networks in Southern and Northern Sweden, and applying Snowball Sampling Methods, we have accessed a maximum heterogeneity sample. We applied a qualitative comparative perspective and analyzed the data using a Gioia-inspired approach through NVivo. Initial data collected in 2019 identified emergent, informal competence-sharing arrangements driven by resource constraints typical of SMEs. By 2024, we observed a substantial, institutionalized shift toward deliberate coopetition strategies, driving SMEs to improve competence diversity. The COVID–19 pandemic served as an exogenous shock that catalyzed the institutional work, compelling firms to develop novel approaches to skilled workers acquisition and retention through coopetition. This research contributes to strategy research by illuminating how resource-constrained ventures develop and institutionalize innovative strategies through coopetition, demonstrating that strategic adaptation to environmental jolts can transform ad hoc practices into strategic capabilities.

虽然战略研究已经广泛地研究了企业间的合作，但合作的微观基础——特别是企业如何与竞争对手开展合作实践——仍然没有得到充分的探索。本研究探讨中小企业如何将合作制度化，作为对资源约束的战略回应。我们研究了中小企业如何在资源稀缺的商业环境中应对获取熟练工人的挑战。利用制度理论，我们对制造业和旅游业中小企业的时间滞后研究（2019-2024）揭示了通过合作的战略适应如何增强企业的能力多样性。我们使用定性方法，在2019年和2024年的两波相同的浪潮中，对瑞典中小企业所有者/首席执行官进行了40次半结构化访谈，其中大多数公司是相同的。通过研究瑞典南部和北部的旅游和制造业网络，并应用雪球抽样方法，我们获得了最大异质性样本。我们应用了定性比较的观点，并通过NVivo使用gioia启发的方法分析了数据。2019年收集的初步数据确定了由中小企业典型的资源限制驱动的紧急非正式能力共享安排。到2024年，我们观察到向深思熟虑的合作战略的实质性制度化转变，推动中小企业提高能力多样性。2019冠状病毒病大流行是一种外部冲击，促进了制度性工作，迫使企业开发通过合作获取和留住技术工人的新方法。本研究阐明了资源受限企业如何通过合作发展创新战略并将其制度化，从而有助于战略研究，并证明了对环境变化的战略适应可以将临时实践转化为战略能力。

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引用次数: 0

Approaching environmentalism for high ESG ratings: Evidence from dynamic multi-signal interpretation 接近环境保护主义的高ESG评级：来自动态多信号解释的证据

IF 6.3 2区管理学 Q1 BUSINESS

Long Range Planning

Pub Date : 2026-02-01 Epub Date: 2026-01-14 DOI: 10.1016/j.lrp.2026.102608

Jieyu Wang , Taiwen Feng

Research on environmentalism signalling overlooks the complexity within a single strategy dimension and is particularly silent on delineating the dynamics of multi-signal interpretation. This article bridges these gaps by conceptualizing ESG ratings as the result of comprehensive interpretation of firms’ multifold environmental signals and providing a dynamic picture of how multi-signalling unfolds. We adopt a time-series configurational approach to reveal different equifinal signal configurations associated with high ESG ratings across 9 observed consecutive years. Our findings indicate that configurations driving high ESG ratings across periods are not identical, which may involve the co-evolution of institutional logics embedded in signalling environment and strategic choices for environmental signals. We then develop a multi-case analysis to disentangle the underlying logics of multi-signal interpretation. This study adds to the research on the multifaceted nature and dynamics of signal perception by discussing the role of adaptative and exaptative signals and highlighting that the perception is subject to signalling environment.

环境保护信号的研究忽略了单一策略维度的复杂性，对多信号解释的动态描述尤其沉默。本文通过将ESG评级概念化为对公司多重环境信号的综合解释的结果，并提供了多重信号如何展开的动态图景，从而弥合了这些差距。我们采用时间序列配置方法来揭示连续9年观察到的与高ESG评级相关的不同等效信号配置。我们的研究结果表明，不同时期推动高ESG评级的配置并不相同，这可能涉及信号环境中嵌入的制度逻辑和环境信号的战略选择的共同演变。然后，我们开发了一个多案例分析，以解开多信号解释的潜在逻辑。本研究通过讨论适应性和适应性信号的作用，并强调信号感知受信号环境的影响，增加了对信号感知的多面性和动态性的研究。

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引用次数: 0

The strategic interplay of market orientation and digital transformation: Empirical insights from textual analysis 市场导向与数字化转型的战略互动：来自文本分析的实证见解

IF 6.3 2区管理学 Q1 BUSINESS

Long Range Planning

Pub Date : 2026-02-01 Epub Date: 2026-01-02 DOI: 10.1016/j.lrp.2026.102604

Ming Pang , Chunhui Huo , Xiaorui Wang , Tariq H. Malik

Digital technology is revolutionizing the business landscape, compelling firms to embrace digital transformation (DT). As customer preferences evolve and competition intensifies in this digital age, the significance of market orientation (MO) becomes increasingly apparent. Within the framework of dynamic capabilities, our study operationalizes MO as the embodiment of a firm’s sensing and seizing capabilities, while DT corresponds to transformation capabilities. We explore the relationship between MO and DT through textual analysis approach. Utilizing panel data from Chinese listed companies for the years 2011–2022 and employing a fixed-effects model, our analysis demonstrates that MO positively influences DT. This positive association remains accepted across a series of robust tests. Furthermore, our findings suggest that research and development (R&D) investment positively strengthens this relationship. Non-state-owned enterprises and high-tech companies, in particular, exhibit a stronger effect. This study contributes to the broader understanding of how the interplay between MO and DT is instrumental in navigating the current dynamic business environment.

数字技术正在彻底改变商业格局，迫使企业接受数字转型（DT）。随着客户偏好的演变和数字时代竞争的加剧，市场导向（MO）的重要性变得越来越明显。在动态能力的框架内，我们的研究将MO作为企业感知和抓住能力的体现，而DT则对应于企业的转化能力。我们通过文本分析的方法来探讨MO和DT之间的关系。利用2011-2022年中国上市公司的面板数据，采用固定效应模型，我们的分析表明，MO正影响DT。这种积极的联系在一系列强有力的测试中仍然被接受。此外，我们的研究结果表明，研究与开发（R&；D）投资正强化了这种关系。特别是非国有企业和高科技公司，表现出更强的效应。本研究有助于更广泛地理解业务运营和业务发展之间的相互作用如何有助于驾驭当前动态的商业环境。

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引用次数: 0

Follow the Tide? Firms’ exploration and spatial competition in the product space 随大流？：企业在产品空间的探索与空间竞争

IF 6.3 2区管理学 Q1 BUSINESS

Long Range Planning

Pub Date : 2026-02-01 Epub Date: 2025-12-14 DOI: 10.1016/j.lrp.2025.102602

Prakash Raj Paudel , Pengfei Wang

How do firms respond to their competitors' exploration? Prior literature has mostly drawn on vicarious learning to argue that firms will simply follow their competitors to explore. While plausible, however, it overlooks the directions toward which competitors pursue relative to focal firms. Because exploration is defined from the viewpoint of a given firm, competitors' exploration is not necessarily considered exploratory by the focal firm. Emphasizing the spatial competition perspective, we maintain that competitors may explore away from or closer towards a firm's position, which can largely shape the effect of competitors' exploration on its own exploration. By analyzing the product market repositioning of U.S. firms from 1997 to 2017, we find evidence supporting spatial competition. Competitors' exploration is more likely to drive a firm to explore when these competitors converge towards its market position (i.e., competitive convergence). We also find that firms engage in more exploration when competitors' exploration is accompanied by greater competitor churn. These findings extend understanding of how firms strategize their exploration and handle spatial competition in the product space.

企业如何应对竞争对手的探索？先前的文献大多利用替代学习来论证公司只会跟随竞争对手去探索。然而，尽管这种说法似乎有理，但它忽略了竞争对手相对于核心企业所追求的方向。因为探索是从给定公司的角度定义的，竞争对手的探索不一定被重点公司认为是探索性的。强调空间竞争的视角，我们认为竞争对手的探索可能远离或靠近企业的位置，这在很大程度上决定了竞争对手的探索对企业自身探索的影响。通过对1997 - 2017年美国企业产品市场重新定位的分析，我们发现了支持空间竞争的证据。竞争对手的探索更有可能驱使企业在这些竞争对手向其市场地位趋同时进行探索（即竞争趋同）。我们还发现，当竞争对手的探索伴随着更大的竞争对手流失时，企业会进行更多的探索。这些发现扩展了对企业如何在产品空间中进行战略探索和处理空间竞争的理解。

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引用次数: 0