Review of International Business and Strategy最新文献_第6页

Inward foreign direct investment in emerging economies: a review and future research avenues 新兴经济体的外来直接投资:回顾与未来研究途径

IF 3.1 Q2 Business, Management and Accounting

Review of International Business and Strategy

Pub Date : 2022-11-16 DOI: 10.1108/ribs-03-2022-0033

Sharmistha Chowdhury, R. R. Sharma, Yang Yu

PurposeGiven the surge in foreign direct investment (FDI) in emerging economies (EEs) during the past four decades, inward FDI (IFDI) has spawned a rich, scholarly conversation on the topic. This paper aims to review the literature regarding EE IFDI determinants and the impact of IFDI on those economies. It also aims to provide some future research directions.Design/methodology/approachA systematic review with thematic analysis of 372 articles on the topic, published between 1991 and 2021, is undertaken. In addition to using the relevant keywords, the snowballing approach was used to manually track the literature.FindingsThis review highlights EE IFDI determinants such as institutional quality, corruption and intellectual property rights, regional trade agreements and distances, formal and informal institutions and their interactions, national and subnational diversity and policy expectations. Further, IFDI impacts EEs both at macro- and micro-levels. This review also indicates a substantial increase in research during the period 2000 to 2010 and a decline thereafter; it also indicates Africa and Latin America being under-researched, with a focus on Africa recently increasing.Research limitations/implicationsRich research opportunities exist in examining the mechanisms (mediators) and conditions (moderators) that influence relationships between the antecedents of IFDI and their outcomes. Further opportunities exist in examining the role of the context and in undertaking a multilevel analysis.Originality/valueThis review provides an understanding of what influences multinational enterprises’ FDI to EEs and how it impacts those economies. It also raises potential future research questions. It provides a holistic understanding of the chosen scope and domain.

目的鉴于过去四十年来新兴经济体的外国直接投资激增，内向外国直接投资引发了一场丰富的学术讨论。本文旨在回顾有关EE IFDI决定因素以及IFDI对这些经济体的影响的文献。它还旨在提供一些未来的研究方向。设计/方法/方法对1991年至2021年间发表的372篇关于该主题的文章进行了系统综述和主题分析。除了使用相关关键词外，还使用滚雪球方法手动跟踪文献。发现这篇综述重点介绍了EE IFDI的决定因素，如机构质量、腐败和知识产权、区域贸易协议和距离、正式和非正式机构及其互动、国家和国家以下各级的多样性和政策期望。此外，IFDI在宏观和微观层面上都会影响EEs。这项审查还表明，在2000年至2010年期间，研究大幅增加，此后有所下降；它还表明，非洲和拉丁美洲的研究不足，最近越来越关注非洲。研究局限性/含义在研究影响IFDI前因及其结果之间关系的机制（中介因素）和条件（调节因素）方面存在丰富的研究机会。在审查背景的作用和进行多层次分析方面还有更多的机会。原创性/价值这篇综述了解了跨国企业对专属经济区的外国直接投资的影响以及它如何影响这些经济体。它还提出了未来潜在的研究问题。它提供了对所选范围和领域的全面理解。

{"title":"Inward foreign direct investment in emerging economies: a review and future research avenues","authors":"Sharmistha Chowdhury, R. R. Sharma, Yang Yu","doi":"10.1108/ribs-03-2022-0033","DOIUrl":"https://doi.org/10.1108/ribs-03-2022-0033","url":null,"abstract":"\u0000Purpose\u0000Given the surge in foreign direct investment (FDI) in emerging economies (EEs) during the past four decades, inward FDI (IFDI) has spawned a rich, scholarly conversation on the topic. This paper aims to review the literature regarding EE IFDI determinants and the impact of IFDI on those economies. It also aims to provide some future research directions.\u0000\u0000\u0000Design/methodology/approach\u0000A systematic review with thematic analysis of 372 articles on the topic, published between 1991 and 2021, is undertaken. In addition to using the relevant keywords, the snowballing approach was used to manually track the literature.\u0000\u0000\u0000Findings\u0000This review highlights EE IFDI determinants such as institutional quality, corruption and intellectual property rights, regional trade agreements and distances, formal and informal institutions and their interactions, national and subnational diversity and policy expectations. Further, IFDI impacts EEs both at macro- and micro-levels. This review also indicates a substantial increase in research during the period 2000 to 2010 and a decline thereafter; it also indicates Africa and Latin America being under-researched, with a focus on Africa recently increasing.\u0000\u0000\u0000Research limitations/implications\u0000Rich research opportunities exist in examining the mechanisms (mediators) and conditions (moderators) that influence relationships between the antecedents of IFDI and their outcomes. Further opportunities exist in examining the role of the context and in undertaking a multilevel analysis.\u0000\u0000\u0000Originality/value\u0000This review provides an understanding of what influences multinational enterprises’ FDI to EEs and how it impacts those economies. It also raises potential future research questions. It provides a holistic understanding of the chosen scope and domain.\u0000","PeriodicalId":45046,"journal":{"name":"Review of International Business and Strategy","volume":null,"pages":null},"PeriodicalIF":3.1,"publicationDate":"2022-11-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46074664","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Accelerated internationalization of SMEs and microfoundations of dynamic capabilities: towards an integrated conceptual framework 加速中小企业的国际化和动态能力的微观基础:朝向一个综合的概念框架

IF 3.1 Q2 Business, Management and Accounting

Review of International Business and Strategy

Pub Date : 2022-11-11 DOI: 10.1108/ribs-12-2021-0174

Hela Chebbi, Majdi Ben Selma, Kamal Bouzinab, Andrew Papadopoulos, Alexie Labouze, Robert Desmarteau

Purpose

Striving for growth since their early stages, many small and medium enterprises (SMEs) are increasingly adopting an entrepreneurial behavior based on a rapid and early international expansion. Although some extant research have been done on the dynamic capabilities of SMEs’ accelerated internationalization–born global (BG) SMEs, no study was, to the best of the authors’ knowledge, carried on the microfoundations underlying this phenomenon. This paper aims to fill this gap in the literature and contribute to the growing theory development of SME’s microfoundations.

Design/methodology/approach

This paper proposes an integrated conceptual framework to better identify the microfoundations that influence born global SMEs internationalization by integrating individual, structural and processual – the microfoundations approach within the dynamic capabilities of sensing, seizing and reconfiguring.

Findings

Our propositions argue that born global SMEs are characterized by dynamic capabilities based on a combination of some individual (manager’s human and social capital, such as its personal orientation, experiences, cognition and intuition), process (market learning, technology development) and structural (agility, communication/coordination) factors that helps a lot in the acceleration of the internationalization process.

Research limitations/implications

Empirical study should be done to enrich the conceptual material.

Practical implications

To identify some international opportunities, companies should rely on the entrepreneurial orientation of its managers, its experience and network as well as the market-related learning and technological processes. The managerial cognition is important to seize opportunities while the manager’s human capital is needed to reconfigure resources while internationalizing rapidly.

Social implications

This research shows that individual attributes are important but insufficient to accelerate the internationalization process. Some individual characteristics are more useful in sensing international opportunities rapidly, such as manager’s international entrepreneurial, past experience and network, However, the managerial cognition is important to seize opportunities, whereas the manager’s human capital is needed to reconfigure resources while internationalizing rapidly.

Originality/value

Born global firms must develop several dynamic capabilities to foster their accelerated early international development. This paper gives insights about the individual, structural and processual of sensing international opportunities, seizing and reconfiguring resources and competencies for born globals.

许多中小型企业(SMEs)在早期阶段就努力实现增长，越来越多地采用基于快速和早期国际扩张的创业行为。虽然已有一些关于中小企业加速国际化的全球(BG)中小企业的动态能力的研究，但据作者所知，还没有研究对这一现象背后的微观基础进行研究。本文旨在填补这一文献空白，为中小企业微观基础理论的不断发展做出贡献。设计/方法/方法本文提出了一个综合概念框架，通过将个体、结构和过程结合起来，更好地识别影响全球中小企业国际化的微基础——微基础方法在感知、抓住和重新配置的动态能力中。我们的观点认为，天生全球化的中小企业具有动态能力的特点，这种动态能力是一些个体(管理者的人力资本和社会资本，如其个人取向、经验、认知和直觉)、过程(市场学习、技术开发)和结构(敏捷性、沟通/协调)因素共同作用的结果，这些因素对加速国际化进程有很大帮助。研究局限/启示应进行实证研究以丰富概念材料。为了确定一些国际机会，公司应该依靠其管理人员的创业倾向，其经验和网络以及与市场相关的学习和技术过程。在快速国际化的过程中，需要管理者的人力资本来重新配置资源，而管理者的认知是抓住机遇的重要因素。社会意义本研究表明，个体属性对加速国际化进程具有重要作用，但还不够。经理人的国际创业精神、过去经验、人际网络等个人特征对快速感知国际机遇更有帮助，但经理人的认知对抓住机遇至关重要，而经理人的人力资本则是在快速国际化过程中对资源进行重新配置的必要条件。原创/价值导向型的跨国公司必须发展若干动态能力，以促进其加速的早期国际化发展。本文从个体、结构和过程的角度对天生全球化者感知国际机遇、抓住和重新配置资源和能力进行了分析。

{"title":"Accelerated internationalization of SMEs and microfoundations of dynamic capabilities: towards an integrated conceptual framework","authors":"Hela Chebbi, Majdi Ben Selma, Kamal Bouzinab, Andrew Papadopoulos, Alexie Labouze, Robert Desmarteau","doi":"10.1108/ribs-12-2021-0174","DOIUrl":"https://doi.org/10.1108/ribs-12-2021-0174","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>Striving for growth since their early stages, many small and medium enterprises (SMEs) are increasingly adopting an entrepreneurial behavior based on a rapid and early international expansion. Although some extant research have been done on the dynamic capabilities of SMEs’ accelerated internationalization–born global (BG) SMEs, no study was, to the best of the authors’ knowledge, carried on the microfoundations underlying this phenomenon. This paper aims to fill this gap in the literature and contribute to the growing theory development of SME’s microfoundations.</p>\u0000<h3>Design/methodology/approach</h3>\u0000<p>This paper proposes an integrated conceptual framework to better identify the microfoundations that influence born global SMEs internationalization by integrating individual, structural and processual – the microfoundations approach within the dynamic capabilities of sensing, seizing and reconfiguring.</p>\u0000<h3>Findings</h3>\u0000<p>Our propositions argue that born global SMEs are characterized by dynamic capabilities based on a combination of some individual (manager’s human and social capital, such as its personal orientation, experiences, cognition and intuition), process (market learning, technology development) and structural (agility, communication/coordination) factors that helps a lot in the acceleration of the internationalization process.</p>\u0000<h3>Research limitations/implications</h3>\u0000<p>Empirical study should be done to enrich the conceptual material.</p>\u0000<h3>Practical implications</h3>\u0000<p>To identify some international opportunities, companies should rely on the entrepreneurial orientation of its managers, its experience and network as well as the market-related learning and technological processes. The managerial cognition is important to seize opportunities while the manager’s human capital is needed to reconfigure resources while internationalizing rapidly.</p>\u0000<h3>Social implications</h3>\u0000<p>This research shows that individual attributes are important but insufficient to accelerate the internationalization process. Some individual characteristics are more useful in sensing international opportunities rapidly, such as manager’s international entrepreneurial, past experience and network, However, the managerial cognition is important to seize opportunities, whereas the manager’s human capital is needed to reconfigure resources while internationalizing rapidly.</p>\u0000<h3>Originality/value</h3>\u0000<p>Born global firms must develop several dynamic capabilities to foster their accelerated early international development. This paper gives insights about the individual, structural and processual of sensing international opportunities, seizing and reconfiguring resources and competencies for born globals.</p>","PeriodicalId":45046,"journal":{"name":"Review of International Business and Strategy","volume":null,"pages":null},"PeriodicalIF":3.1,"publicationDate":"2022-11-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138506040","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Degree of internationalisation and firm performance: the flattening role of organisational slack resources 国际化程度与企业绩效：组织闲置资源的扁平化作用

IF 3.1 Q2 Business, Management and Accounting

Review of International Business and Strategy

Pub Date : 2022-11-10 DOI: 10.1108/ribs-03-2022-0030

T. Luu, Lan Anh Trinh, Thanh Thi Phuong Nguyen, Ngoc Linh Chi Ngo, Nguyen Phuong Nhi Le, Nhat Vi Vu

PurposeThis study aims to analyse the impact of the degree of internationalisation (DOI) on firm performance (FP), with the moderating role of organisational slack resources, namely, absorbed slack human resources, absorbed financial slack resources and unabsorbed slack resources, in the context of Asian emerging markets.Design/methodology/approachData includes 45 companies and 225 observations in 2014–2018. The authors adopted the generalised least squares method to test their hypotheses.FindingsDOI negatively influences FP, indicating that the link between DOI and FP is not U-shaped but relatively linear. Absorbed human resources and absorbed slack financial resources significantly enhance FP, absorbing resources associated with DOI and FP. Unabsorbed slack resources play a minor role in mitigating the deleterious impact of DOIs on FP.Practical implicationsFirms in an emerging market should begin exploring and expanding into overseas markets with characteristics similar to the domestic market. The firm should optimise the benefits of slack resources by appropriately allocating resources to strategic operations.Originality/valueThis study reveals the beneficial effect of organisational slack resources on the DOI-FP relationship via the lens of the resource-based view.

本研究旨在分析在亚洲新兴市场背景下，国际化程度(DOI)对企业绩效(FP)的影响，以及组织松弛资源(即吸收的人力松弛资源、吸收的财务松弛资源和未吸收的松弛资源)的调节作用。设计/方法/方法数据包括2014-2018年的45家公司和225项观察。作者采用广义最小二乘法来检验他们的假设。发现DOI负向影响FP，表明DOI与FP之间的联系不是u型的，而是相对线性的。被吸收的人力资源和被吸收的闲置财力显著提高FP，吸收与DOI和FP相关的资源。未被吸收的闲置资源在减轻doi对计划生育的有害影响方面起着次要作用。实际意义新兴市场的企业应该开始探索和拓展具有类似国内市场特征的海外市场。企业应通过适当地将资源分配到战略运营中来优化闲置资源的效益。原创性/价值本研究通过资源基础视角揭示了组织闲置资源对DOI-FP关系的有益影响。

{"title":"Degree of internationalisation and firm performance: the flattening role of organisational slack resources","authors":"T. Luu, Lan Anh Trinh, Thanh Thi Phuong Nguyen, Ngoc Linh Chi Ngo, Nguyen Phuong Nhi Le, Nhat Vi Vu","doi":"10.1108/ribs-03-2022-0030","DOIUrl":"https://doi.org/10.1108/ribs-03-2022-0030","url":null,"abstract":"\u0000Purpose\u0000This study aims to analyse the impact of the degree of internationalisation (DOI) on firm performance (FP), with the moderating role of organisational slack resources, namely, absorbed slack human resources, absorbed financial slack resources and unabsorbed slack resources, in the context of Asian emerging markets.\u0000\u0000\u0000Design/methodology/approach\u0000Data includes 45 companies and 225 observations in 2014–2018. The authors adopted the generalised least squares method to test their hypotheses.\u0000\u0000\u0000Findings\u0000DOI negatively influences FP, indicating that the link between DOI and FP is not U-shaped but relatively linear. Absorbed human resources and absorbed slack financial resources significantly enhance FP, absorbing resources associated with DOI and FP. Unabsorbed slack resources play a minor role in mitigating the deleterious impact of DOIs on FP.\u0000\u0000\u0000Practical implications\u0000Firms in an emerging market should begin exploring and expanding into overseas markets with characteristics similar to the domestic market. The firm should optimise the benefits of slack resources by appropriately allocating resources to strategic operations.\u0000\u0000\u0000Originality/value\u0000This study reveals the beneficial effect of organisational slack resources on the DOI-FP relationship via the lens of the resource-based view.\u0000","PeriodicalId":45046,"journal":{"name":"Review of International Business and Strategy","volume":null,"pages":null},"PeriodicalIF":3.1,"publicationDate":"2022-11-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47155730","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Exploring corruption impacts on MNE performance through the lens of risk and uncertainty 从风险和不确定性的角度探讨腐败对跨国公司绩效的影响

IF 3.1 Q2 Business, Management and Accounting

Review of International Business and Strategy

Pub Date : 2022-11-08 DOI: 10.1108/ribs-03-2022-0037

Dawn L Keig, L. Brouthers

PurposeThis paper aims to apply a risk/uncertainty lens to corruption to explore how different types of corruption (formal vs informal) in a multinational enterprise’s (MNE) operating environment have different relationships to firm performance.Design/methodology/approachThis paper uses a portfolio approach to measure the formal and informal corruption impacts of an MNE’s entire set of operating locations and test the hypotheses using both accounting- and market-based measures of performance on a sample of 648 firms.FindingsThis study hypothesizes and finds that because formal corruption represents risk, it is typically included in the a priori evaluations of trade-offs between market attractiveness and costs made by MNEs prior to market entry, higher formal corruption in the firm’s environment is positively related to its financial performance. Conversely, the uncertainty associated with the generally intangible and pervasive nature of informal corruption prevents similar, accurate cost consideration before entering the market, resulting in a negative relationship between higher levels of informal corruption and firm performance.Originality/valueThis study provides unique empirical support for the notion that MNEs can both gain and lose by investing in corrupt institutional environments, grounded in an understanding of the differences between risk and uncertainty, reinforcing the importance of considering the potential impacts of both the formal and informal dimensions of corruption in a firm’s operating environment.

目的本文旨在将风险/不确定性视角应用于腐败，探讨跨国企业经营环境中不同类型的腐败（正式与非正式）与企业绩效之间的不同关系。设计/方法论/方法本文使用投资组合方法来衡量跨国公司整套经营地点的正式和非正式腐败影响，并在648家公司的样本中使用会计和基于市场的绩效衡量标准来检验假设。发现这项研究假设并发现，由于形式腐败代表风险，它通常包括在跨国公司进入市场前对市场吸引力和成本之间的权衡的先验评估中，因此公司环境中更高的形式腐败与其财务业绩呈正相关。相反，与非正式腐败的普遍无形和普遍性相关的不确定性阻碍了在进入市场之前进行类似、准确的成本考虑，导致更高水平的非正式腐败与公司业绩之间存在负面关系。独创性/价值这项研究为跨国公司在腐败的制度环境中投资既有收益也有损失的观点提供了独特的实证支持，基于对风险和不确定性之间差异的理解，加强了考虑腐败在企业经营环境中的正式和非正式层面的潜在影响的重要性。

{"title":"Exploring corruption impacts on MNE performance through the lens of risk and uncertainty","authors":"Dawn L Keig, L. Brouthers","doi":"10.1108/ribs-03-2022-0037","DOIUrl":"https://doi.org/10.1108/ribs-03-2022-0037","url":null,"abstract":"\u0000Purpose\u0000This paper aims to apply a risk/uncertainty lens to corruption to explore how different types of corruption (formal vs informal) in a multinational enterprise’s (MNE) operating environment have different relationships to firm performance.\u0000\u0000\u0000Design/methodology/approach\u0000This paper uses a portfolio approach to measure the formal and informal corruption impacts of an MNE’s entire set of operating locations and test the hypotheses using both accounting- and market-based measures of performance on a sample of 648 firms.\u0000\u0000\u0000Findings\u0000This study hypothesizes and finds that because formal corruption represents risk, it is typically included in the a priori evaluations of trade-offs between market attractiveness and costs made by MNEs prior to market entry, higher formal corruption in the firm’s environment is positively related to its financial performance. Conversely, the uncertainty associated with the generally intangible and pervasive nature of informal corruption prevents similar, accurate cost consideration before entering the market, resulting in a negative relationship between higher levels of informal corruption and firm performance.\u0000\u0000\u0000Originality/value\u0000This study provides unique empirical support for the notion that MNEs can both gain and lose by investing in corrupt institutional environments, grounded in an understanding of the differences between risk and uncertainty, reinforcing the importance of considering the potential impacts of both the formal and informal dimensions of corruption in a firm’s operating environment.\u0000","PeriodicalId":45046,"journal":{"name":"Review of International Business and Strategy","volume":null,"pages":null},"PeriodicalIF":3.1,"publicationDate":"2022-11-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48120845","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 2

Firm innovation and technical capabilities for enhanced export performance: the moderating role of competitive intensity 提高出口业绩的企业创新和技术能力：竞争强度的调节作用

IF 3.1 Q2 Business, Management and Accounting

Review of International Business and Strategy

Pub Date : 2022-11-08 DOI: 10.1108/ribs-01-2022-0015

Mengdi Zhang, Mohd Haniff Jedin

PurposeDrawing on the resource-based view (RBV) and structure–conduct–performance (SCP) paradigm perspectives, this study aims to investigate the influence of the innovation and technical capabilities of exporting organisations on their export performance moderate by competitive intensity.Design/methodology/approachPrimary data were collected from 162 Chinese manufacturer–exporter companies operating across China. The conceptual framework of this study, which incorporated the impact of RBV and SCP paradigm determinants on export performance through the interaction effect of competitive intensity, was tested using structural equation modelling (Smart-PLS).FindingsResults show that the technical and innovation capabilities can increase its export success in international markets. Furthermore, this research finds that competitive intensity moderates the positive relationship between technical capability and export performance but not the relationship between innovation capability and export performance.Originality/valueThis study presents a holistic assessment of the export performance of manufacturer–exporter enterprises by accounting for the overlooked effect of organisational capabilities through the moderating function of competitive intensity. This study has far-reaching consequences for export academics and practitioners, including the fundamental concept of an internationalizing small- and medium-sized enterprises, especially the manufacturers.

目的利用基于资源的视角（RBV）和结构-行为-绩效（SCP）范式视角，本研究旨在调查出口组织的创新和技术能力对其出口绩效的影响。设计/方法/方法主要数据来自162家在中国各地运营的中国制造商-出口商公司。本研究采用结构方程模型（Smart PLS）检验了RBV和SCP范式决定因素通过竞争强度的交互作用对出口绩效的影响。结果表明，技术和创新能力可以提高其在国际市场上的出口成功率。此外，本研究发现，竞争强度调节了技术能力与出口绩效之间的正向关系，但不调节创新能力与出口业绩之间的关系。原创性/价值本研究通过竞争强度的调节功能，考虑到组织能力被忽视的影响，对制造商-出口商企业的出口绩效进行了全面评估。这项研究对出口学者和从业者产生了深远的影响，包括国际化中小企业，特别是制造商的基本概念。

{"title":"Firm innovation and technical capabilities for enhanced export performance: the moderating role of competitive intensity","authors":"Mengdi Zhang, Mohd Haniff Jedin","doi":"10.1108/ribs-01-2022-0015","DOIUrl":"https://doi.org/10.1108/ribs-01-2022-0015","url":null,"abstract":"\u0000Purpose\u0000Drawing on the resource-based view (RBV) and structure–conduct–performance (SCP) paradigm perspectives, this study aims to investigate the influence of the innovation and technical capabilities of exporting organisations on their export performance moderate by competitive intensity.\u0000\u0000\u0000Design/methodology/approach\u0000Primary data were collected from 162 Chinese manufacturer–exporter companies operating across China. The conceptual framework of this study, which incorporated the impact of RBV and SCP paradigm determinants on export performance through the interaction effect of competitive intensity, was tested using structural equation modelling (Smart-PLS).\u0000\u0000\u0000Findings\u0000Results show that the technical and innovation capabilities can increase its export success in international markets. Furthermore, this research finds that competitive intensity moderates the positive relationship between technical capability and export performance but not the relationship between innovation capability and export performance.\u0000\u0000\u0000Originality/value\u0000This study presents a holistic assessment of the export performance of manufacturer–exporter enterprises by accounting for the overlooked effect of organisational capabilities through the moderating function of competitive intensity. This study has far-reaching consequences for export academics and practitioners, including the fundamental concept of an internationalizing small- and medium-sized enterprises, especially the manufacturers.\u0000","PeriodicalId":45046,"journal":{"name":"Review of International Business and Strategy","volume":null,"pages":null},"PeriodicalIF":3.1,"publicationDate":"2022-11-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44551128","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 6

Influential dynamic capabilities and small and medium enterprises' internationalization success: mediating role of international entrepreneurial orientation 影响力动态能力与中小企业国际化成功:国际创业取向的中介作用

IF 3.1 Q2 Business, Management and Accounting

Review of International Business and Strategy

Pub Date : 2022-11-03 DOI: 10.1108/ribs-12-2021-0171

Moza Rashed AlShehhi, Jacob Cherian, S. Farouk, M. Al Nahyan

PurposeThis study aims to analyze how international entrepreneurial orientation mediates the relationship between influential dynamic capabilities and the internationalization success of small and medium-sized enterprises (SMEs) in the context of the United Arab Emirates (UAE).Design/methodology/approachAdopting a quantitative approach, the researchers designed a questionnaire based on an extensive literature review and used structural equation modeling to ascertain the mediating role of international entrepreneurial orientation in the relationship between influential dynamic capabilities and SMEs' internationalization success.FindingsThe findings of this study indicate that international entrepreneurship orientation mediates the relationship between dynamic capabilities and internationalization success, as the indirect impact value is greater than the direct effect value for the relationship. Because the existence of the mediator in the model has no significant impact on the model's direct effects, full mediation is the most appropriate mediation type.Research limitations/implicationsThis study has some limitations. One of the major limitations of this study relates to the limited finances of the incumbent, as the questionnaires were delivered to the respondents via email, but the incumbent had to follow up with phone calls and reminders. Second, this study mainly relied upon primary data and analysis based on the use of qualitative techniques; in future, researchers can incorporate qualitative aspects using interviews and other qualitative analysis tools and techniques. Third, limitation relates to sample size, as the sample size of research was above 500 but was limited to just UAE. Future researchers can conduct a cross-sectional analysis to determine the mediating role of different factors for the promotion of internationalization.Practical implicationsThis study highlights the fundamental factors affecting the internationalization of SMEs in the UAE context, which has rarely been discussed. This study broadens the scope of internationalization by discussing its impact on SMEs' financial and non-financial performance.Social implicationsThis study will contribute to the advancement of current information about the elements that impact the internationalization of SMEs and develop a new framework for analyzing SMEs' internationalization in the UAE.Originality/valueThis study contributes to the literature by developing and testing a framework based on a comprehensive literature review to include different factors and their constructs that impact the potential internationalization of SMEs in developing economies. This study identifies and addresses a research gap regarding the relationship between internationalization and company performance among UAE SMEs.

目的本研究旨在分析在阿拉伯联合酋长国（UAE）背景下，国际创业导向如何调节中小企业（SME）的影响力动态能力与国际化成功之间的关系，研究人员在大量文献综述的基础上设计了一份问卷，并使用结构方程模型来确定国际创业取向在中小企业影响力动态能力与国际化成功之间的中介作用。研究结果表明，国际创业取向在动态能力与国际化成功之间起中介作用，因为这种关系的间接影响值大于直接影响值。由于模型中中介的存在对模型的直接效果没有显著影响，因此完全中介是最合适的中介类型。研究局限性/含义这项研究有一些局限性。这项研究的主要局限性之一与任职者的财务状况有限有关，因为调查问卷是通过电子邮件发送给受访者的，但任职者必须通过电话和提醒来跟进。其次，本研究主要依靠原始数据和基于定性技术的分析；在未来，研究人员可以使用访谈和其他定性分析工具和技术来结合定性方面。第三，限制与样本量有关，因为研究的样本量超过500，但仅限于阿联酋。未来的研究人员可以进行横断面分析，以确定不同因素在促进国际化方面的中介作用。实际含义本研究强调了阿联酋中小企业国际化的基本因素，而这些因素很少被讨论。本研究通过讨论国际化对中小企业财务和非财务绩效的影响，拓宽了国际化的范围。社会含义本研究将有助于推进有关影响中小企业国际化的因素的最新信息，并为分析UAE.中小企业国际化开发一个新的框架。原创性/价值本研究通过在全面文献综述的基础上开发和测试一个包括不同因素的框架，为文献做出贡献以及影响发展中经济体中小企业潜在国际化的结构。本研究确定并解决了阿联酋中小企业国际化与公司绩效之间关系的研究空白。

{"title":"Influential dynamic capabilities and small and medium enterprises' internationalization success: mediating role of international entrepreneurial orientation","authors":"Moza Rashed AlShehhi, Jacob Cherian, S. Farouk, M. Al Nahyan","doi":"10.1108/ribs-12-2021-0171","DOIUrl":"https://doi.org/10.1108/ribs-12-2021-0171","url":null,"abstract":"\u0000Purpose\u0000This study aims to analyze how international entrepreneurial orientation mediates the relationship between influential dynamic capabilities and the internationalization success of small and medium-sized enterprises (SMEs) in the context of the United Arab Emirates (UAE).\u0000\u0000\u0000Design/methodology/approach\u0000Adopting a quantitative approach, the researchers designed a questionnaire based on an extensive literature review and used structural equation modeling to ascertain the mediating role of international entrepreneurial orientation in the relationship between influential dynamic capabilities and SMEs' internationalization success.\u0000\u0000\u0000Findings\u0000The findings of this study indicate that international entrepreneurship orientation mediates the relationship between dynamic capabilities and internationalization success, as the indirect impact value is greater than the direct effect value for the relationship. Because the existence of the mediator in the model has no significant impact on the model's direct effects, full mediation is the most appropriate mediation type.\u0000\u0000\u0000Research limitations/implications\u0000This study has some limitations. One of the major limitations of this study relates to the limited finances of the incumbent, as the questionnaires were delivered to the respondents via email, but the incumbent had to follow up with phone calls and reminders. Second, this study mainly relied upon primary data and analysis based on the use of qualitative techniques; in future, researchers can incorporate qualitative aspects using interviews and other qualitative analysis tools and techniques. Third, limitation relates to sample size, as the sample size of research was above 500 but was limited to just UAE. Future researchers can conduct a cross-sectional analysis to determine the mediating role of different factors for the promotion of internationalization.\u0000\u0000\u0000Practical implications\u0000This study highlights the fundamental factors affecting the internationalization of SMEs in the UAE context, which has rarely been discussed. This study broadens the scope of internationalization by discussing its impact on SMEs' financial and non-financial performance.\u0000\u0000\u0000Social implications\u0000This study will contribute to the advancement of current information about the elements that impact the internationalization of SMEs and develop a new framework for analyzing SMEs' internationalization in the UAE.\u0000\u0000\u0000Originality/value\u0000This study contributes to the literature by developing and testing a framework based on a comprehensive literature review to include different factors and their constructs that impact the potential internationalization of SMEs in developing economies. This study identifies and addresses a research gap regarding the relationship between internationalization and company performance among UAE SMEs.\u0000","PeriodicalId":45046,"journal":{"name":"Review of International Business and Strategy","volume":null,"pages":null},"PeriodicalIF":3.1,"publicationDate":"2022-11-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46272629","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 4

Role of formal and informal networks in the relationship between government support and Ghanaian indigenous firms’ degree of internationalisation 正式和非正式网络在政府支持与加纳本土企业国际化程度之间关系中的作用

IF 3.1 Q2 Business, Management and Accounting

Review of International Business and Strategy

Pub Date : 2022-10-14 DOI: 10.1108/ribs-01-2022-0001

L. Takyi, V. Naidoo, Courage Simon Kofi Dogbe, Edward O. Akoto

PurposeThis study aims to assess the potential mediating effects of formal and informal networks in the relationship between government support and Ghanaian indigenous firms’ degree of internationalisation.Design/methodology/approachThis study was a cross-sectional design, where the structured questionnaire was used in gathering data from 301 indigenous Ghanaian firms. The path estimation was conducted by running structural equation modelling in AMOS v.23.FindingsIt was concluded that government support had a significant positive effect on Ghanaian indigenous firms’ degree of internationalisation. Formal network was found to partially mediate the relationship between government support and indigenous firms’ degree of internationalisation. Finally, it was concluded that informal networks had no mediating effect.Research limitations/implicationsOne limitation is that the effect of the government support and network strategy was only explored on indigenous exporters, meaning that exporters which did not fall within the definition of indigenous firms were excluded from the study. Future studies could conduct a comparative study on the same variables, using indigenous and non-indigenous firms.Practical implicationsIt is recommended that Ghanaian exporters should participate in government training and workshop programmes focussing on building export business strategies and networking to improve export activities.Originality/valueThis study’s unique contribution is its investigation of how networking portfolio, including formal and informal ties, helps explain the nexus between government support and the internationalisation of local firms in the developing market, such as Ghanaians.

目的本研究旨在评估正式和非正式网络在政府支持与加纳本土企业国际化程度关系中的潜在中介作用。设计/方法/方法本研究采用横断面设计，采用结构化问卷收集301家加纳本土企业的数据。通过运行AMOS v.23中的结构方程模型进行路径估计。研究发现，政府支持对加纳本土企业的国际化程度有显著的正向影响。研究发现，正规网络在政府支持与本土企业国际化程度之间起到部分中介作用。最后得出结论，非正式网络没有中介作用。一个限制是，政府支持和网络战略的影响只探讨了本土出口商，这意味着出口商不属于本土企业的定义被排除在研究之外。今后的研究可以利用本土和非本土公司对相同的变量进行比较研究。实际影响建议加纳出口商参加政府培训和讲习班方案，重点是建立出口业务战略和建立网络，以改善出口活动。原创性/价值本研究的独特贡献在于它调查了网络组合(包括正式和非正式关系)如何帮助解释政府支持与发展中市场(如加纳)当地公司国际化之间的联系。

{"title":"Role of formal and informal networks in the relationship between government support and Ghanaian indigenous firms’ degree of internationalisation","authors":"L. Takyi, V. Naidoo, Courage Simon Kofi Dogbe, Edward O. Akoto","doi":"10.1108/ribs-01-2022-0001","DOIUrl":"https://doi.org/10.1108/ribs-01-2022-0001","url":null,"abstract":"\u0000Purpose\u0000This study aims to assess the potential mediating effects of formal and informal networks in the relationship between government support and Ghanaian indigenous firms’ degree of internationalisation.\u0000\u0000\u0000Design/methodology/approach\u0000This study was a cross-sectional design, where the structured questionnaire was used in gathering data from 301 indigenous Ghanaian firms. The path estimation was conducted by running structural equation modelling in AMOS v.23.\u0000\u0000\u0000Findings\u0000It was concluded that government support had a significant positive effect on Ghanaian indigenous firms’ degree of internationalisation. Formal network was found to partially mediate the relationship between government support and indigenous firms’ degree of internationalisation. Finally, it was concluded that informal networks had no mediating effect.\u0000\u0000\u0000Research limitations/implications\u0000One limitation is that the effect of the government support and network strategy was only explored on indigenous exporters, meaning that exporters which did not fall within the definition of indigenous firms were excluded from the study. Future studies could conduct a comparative study on the same variables, using indigenous and non-indigenous firms.\u0000\u0000\u0000Practical implications\u0000It is recommended that Ghanaian exporters should participate in government training and workshop programmes focussing on building export business strategies and networking to improve export activities.\u0000\u0000\u0000Originality/value\u0000This study’s unique contribution is its investigation of how networking portfolio, including formal and informal ties, helps explain the nexus between government support and the internationalisation of local firms in the developing market, such as Ghanaians.\u0000","PeriodicalId":45046,"journal":{"name":"Review of International Business and Strategy","volume":null,"pages":null},"PeriodicalIF":3.1,"publicationDate":"2022-10-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41262317","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Dynamic capabilities and FDI in conflict zones: the role of diversification and stock management capabilities 动态能力和冲突地区的外国直接投资:多样化和库存管理能力的作用

IF 3.1 Q2 Business, Management and Accounting

Review of International Business and Strategy

Pub Date : 2022-10-13 DOI: 10.1108/ribs-11-2021-0150

Dina M. Abdelzaher, N. Ramadan

PurposeDespite the increased level of national conflict around the world, outward foreign direct investment (FDI) targeting these areas has increased. This study aims to adopt a dynamic capability lens to examine the relationship between firm capabilities and the level of conflict in their FDI portfolio. The paper argues that conflict zones may be an attractive destination for a subset of firms, given their capability profile.Design/methodology/approachThe authors draw from a sample of US Fortune 500 firms (2019) to examine their FDI destinations; specifically, they collected data on the locations of their foreign subsidiaries, which resulted into a final sample of 118 diversified US firms. The model was analyzed using ordinary least squares multiple regression to predict the extent to which their FDI portfolios have ongoing domestic and international conflict and the impact of expansion in such conflict-stricken markets on firm financial performance (ROA).FindingsThe authors find that firms with greater international geographical diversification capabilities, as depicted by their geographic spread, and those with greater local stock management capability, as depicted by their initial public offering maturity, are more likely to launch subsidiaries in high ongoing conflict zones. Furthermore, the authors find that while it may be unprofitable for firms to seek FDI in high-conflict zones, firms that operate in strategic industries (manufacturing, infrastructure, natural resource extraction) experienced positive performance. This can be attributed to the fact that firms operating in these sectors are more likely to directly profit in the reconstruction/rebuilding of such conflict-stricken markets.Originality/valueWhile previous literature focused on macro-level factors, this study sought to highlight firm-level factors that determine FDI decision in conflict zones. The authors capture different dimensions/sources of firms’ dynamic capability, one resulting from foreign experience (i.e. geographic diversification) and the other from local experience (i.e. domestic stock management) to assess how each correlate with multinational corporations’ level of conflict in their FDI portfolio. Furthermore, the authors contribute to the understanding of the relationship between expansion in conflict zones and firm performance and highlight that industry does matter. Implications from this study highlight the importance of building risk management capabilities to handle not just expansion in conflict zones but also during challenging times like those brought about by pandemics.

目的尽管世界各地的国家冲突加剧，但针对这些地区的对外外国直接投资却有所增加。本研究旨在采用动态能力视角来考察企业能力与其外国直接投资组合中冲突程度之间的关系。该论文认为，鉴于一部分公司的能力，冲突地区可能是一个有吸引力的目的地。设计/方法论/方法作者从美国《财富》500强企业（2019年）的样本中抽取数据，考察其外国直接投资目的地；具体来说，他们收集了外国子公司的位置数据，最终对118家多元化的美国公司进行了抽样。使用普通最小二乘多元回归对该模型进行分析，以预测其外国直接投资组合在多大程度上存在持续的国内和国际冲突，以及在这些冲突严重的市场中扩张对企业财务绩效的影响，如其地理分布所示，而那些具有更大本地股票管理能力的公司，如其首次公开募股成熟度所示，更有可能在持续冲突激烈的地区设立子公司。此外，作者发现，虽然企业在高度冲突地区寻求外国直接投资可能无利可图，但在战略行业（制造业、基础设施、自然资源开采）经营的企业表现积极。这可以归因于这样一个事实，即在这些部门经营的公司更有可能在重建/重建这些受冲突影响的市场中直接获利。原创性/价值虽然以前的文献侧重于宏观层面的因素，但本研究试图强调决定冲突地区外国直接投资决策的企业层面的因素。作者捕捉了企业动态能力的不同维度/来源，一个来自外国经验（即地理多元化），另一个来自当地经验（即国内股票管理），以评估每一个维度/来源如何与跨国公司在其外国直接投资组合中的冲突水平相关联。此外，作者有助于理解冲突地区的扩张与企业绩效之间的关系，并强调行业确实很重要。这项研究的启示强调了建立风险管理能力的重要性，不仅要应对冲突地区的扩张，还要应对流行病等具有挑战性的时期。

{"title":"Dynamic capabilities and FDI in conflict zones: the role of diversification and stock management capabilities","authors":"Dina M. Abdelzaher, N. Ramadan","doi":"10.1108/ribs-11-2021-0150","DOIUrl":"https://doi.org/10.1108/ribs-11-2021-0150","url":null,"abstract":"\u0000Purpose\u0000Despite the increased level of national conflict around the world, outward foreign direct investment (FDI) targeting these areas has increased. This study aims to adopt a dynamic capability lens to examine the relationship between firm capabilities and the level of conflict in their FDI portfolio. The paper argues that conflict zones may be an attractive destination for a subset of firms, given their capability profile.\u0000\u0000\u0000Design/methodology/approach\u0000The authors draw from a sample of US Fortune 500 firms (2019) to examine their FDI destinations; specifically, they collected data on the locations of their foreign subsidiaries, which resulted into a final sample of 118 diversified US firms. The model was analyzed using ordinary least squares multiple regression to predict the extent to which their FDI portfolios have ongoing domestic and international conflict and the impact of expansion in such conflict-stricken markets on firm financial performance (ROA).\u0000\u0000\u0000Findings\u0000The authors find that firms with greater international geographical diversification capabilities, as depicted by their geographic spread, and those with greater local stock management capability, as depicted by their initial public offering maturity, are more likely to launch subsidiaries in high ongoing conflict zones. Furthermore, the authors find that while it may be unprofitable for firms to seek FDI in high-conflict zones, firms that operate in strategic industries (manufacturing, infrastructure, natural resource extraction) experienced positive performance. This can be attributed to the fact that firms operating in these sectors are more likely to directly profit in the reconstruction/rebuilding of such conflict-stricken markets.\u0000\u0000\u0000Originality/value\u0000While previous literature focused on macro-level factors, this study sought to highlight firm-level factors that determine FDI decision in conflict zones. The authors capture different dimensions/sources of firms’ dynamic capability, one resulting from foreign experience (i.e. geographic diversification) and the other from local experience (i.e. domestic stock management) to assess how each correlate with multinational corporations’ level of conflict in their FDI portfolio. Furthermore, the authors contribute to the understanding of the relationship between expansion in conflict zones and firm performance and highlight that industry does matter. Implications from this study highlight the importance of building risk management capabilities to handle not just expansion in conflict zones but also during challenging times like those brought about by pandemics.\u0000","PeriodicalId":45046,"journal":{"name":"Review of International Business and Strategy","volume":null,"pages":null},"PeriodicalIF":3.1,"publicationDate":"2022-10-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46873506","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The mediating role of investment image in the effect of country image on investment intention: an empirical study on Egypt 投资形象在国家形象对投资意愿影响中的中介作用:基于埃及的实证研究

IF 3.1 Q2 Business, Management and Accounting

Review of International Business and Strategy

Pub Date : 2022-10-05 DOI: 10.1108/ribs-06-2021-0082

Aya Mohamed Izzularab, Farouk Radwan, Ramadan Gad, Peter Björk

PurposeThis study aims to investigate the effect of country image on investment intention and the role of investment image as a mediating factor. Both cognitive and affective country image dimensions were addressed to assess the functional and emotional aspects of the country image and their effects on investment intention. The current study targeted Egypt, as one of the developing countries, from the point of view of Nordic investors.Design/methodology/approachPartial least squares structural equation modeling was used to test the proposed model using data collected from 124 top managers of different companies in the clean energy sector in Nordic countries.FindingsThe results showed that cognitive and affective country images are positively related to the investment image, and that investment image is positively correlated with the investment intention. The investment image has a full mediating role in the relationship between cognitive and affective country images and investment intention.Originality/valueThe past few decades have witnessed a growing interest in country image research; however, limited studies have investigated the impact of country image on foreign investment intention. This study adds to the understanding for the potential contribution of the investment image of developing countries in the decision-making process for the foreign direct investment.

目的本研究旨在探讨国家形象对投资意愿的影响，以及投资形象作为中介因素的作用。国家形象的认知和情感两个维度被用来评估国家形象的功能和情感方面及其对投资意向的影响。从北欧投资者的观点来看，目前的研究以埃及为对象，埃及是发展中国家之一。设计/方法/方法偏最小二乘结构方程模型使用从北欧国家清洁能源部门不同公司的124名高层管理人员收集的数据来测试所提出的模型。结果表明，认知国家形象和情感国家形象与投资形象正相关，投资形象与投资意向正相关。投资形象在认知国家形象和情感国家形象与投资意愿的关系中起着充分的中介作用。在过去的几十年里，人们对国家形象研究的兴趣日益浓厚;然而，关于国家形象对外商投资意愿影响的研究有限。本研究增加了对发展中国家投资形象在外国直接投资决策过程中潜在贡献的理解。

{"title":"The mediating role of investment image in the effect of country image on investment intention: an empirical study on Egypt","authors":"Aya Mohamed Izzularab, Farouk Radwan, Ramadan Gad, Peter Björk","doi":"10.1108/ribs-06-2021-0082","DOIUrl":"https://doi.org/10.1108/ribs-06-2021-0082","url":null,"abstract":"\u0000Purpose\u0000This study aims to investigate the effect of country image on investment intention and the role of investment image as a mediating factor. Both cognitive and affective country image dimensions were addressed to assess the functional and emotional aspects of the country image and their effects on investment intention. The current study targeted Egypt, as one of the developing countries, from the point of view of Nordic investors.\u0000\u0000\u0000Design/methodology/approach\u0000Partial least squares structural equation modeling was used to test the proposed model using data collected from 124 top managers of different companies in the clean energy sector in Nordic countries.\u0000\u0000\u0000Findings\u0000The results showed that cognitive and affective country images are positively related to the investment image, and that investment image is positively correlated with the investment intention. The investment image has a full mediating role in the relationship between cognitive and affective country images and investment intention.\u0000\u0000\u0000Originality/value\u0000The past few decades have witnessed a growing interest in country image research; however, limited studies have investigated the impact of country image on foreign investment intention. This study adds to the understanding for the potential contribution of the investment image of developing countries in the decision-making process for the foreign direct investment.\u0000","PeriodicalId":45046,"journal":{"name":"Review of International Business and Strategy","volume":null,"pages":null},"PeriodicalIF":3.1,"publicationDate":"2022-10-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46478131","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The impact of foreign directors and firm performance on strategic change 外国董事和公司业绩对战略变革的影响

IF 3.1 Q2 Business, Management and Accounting

Review of International Business and Strategy

Pub Date : 2022-08-22 DOI: 10.1108/ribs-10-2021-0137

Ihssan Samara, I. Yousef

PurposeThis study aims to investigate the joint effect of foreign directors (FDs) and firm performance on the corporate strategic change.Design/methodology/approachA theoretical framework linking foreign directors, firm performance and strategic change is proposed and tested. This study uses a sample of longitudinal data from 958 US listed firms over the period 2010–2018. The basic model of study first tests whether there is a direct relationship between FDs and level of strategic change. It then incorporates firm performance as a moderating variable, testing its effect on the relationship between foreign director and strategic change.FindingsConsistent with the study’s expectations, the empirical findings indicate that FDs rich in appropriate experience are associated with superior strategic change, measured both in terms of variation in firm strategy over time and deviation from industry norms. The findings confirm that FDs are a salient driver of strategic change. The strength of the effect, however, depends on the firm performance.Research limitations/implicationsThis paper has implications for effective global leadership development based on international appointments. First, directors can benefit from being assigned to work in foreign countries so that they are exposed to a wide range of experiences and can learn to overcome culture shock. Second, posting directors to foreign countries can improve their international knowledge and enhance various competencies related to creativity, leadership and problem-solving. By demonstrating that the board’s characteristics can play a role in corporate strategy development, the current study thus has implications for both study and practice with regard to board composition. The number of seats on any given board is finite, and each individual director is thus expected to not only monitor top management but also to apply their knowledge and relevant experience in service to the company’s ambitions. Except in cases where high firm performance leads to strategic persistence, the results suggest that greater levels of FDs correlate positively with strategic change.Practical implicationsThe practical implications of this paper pertain to director recruitment and selection. First, the findings echo support for the inclusion of members with greater levels of international experience on boards and top management teams. It seems that, despite the importance of this characteristic, directors at US companies often lack substantial experience abroad (Carpenter and Westphal, 2001). A possible reason for this could be that internationally experienced employees otherwise lack the social capital necessary for promotion to directorships because of time spent stationed away from the firm’s headquarters. It is thus essential for companies to create networking opportunities for directors assigned to foreign offices.Originality/valueAlthough previous research has provided some insight into how chief e

目的本研究旨在探讨外国董事和公司绩效对公司战略变革的共同影响。设计/方法论/方法提出并测试了将外国董事、公司绩效和战略变革联系起来的理论框架。这项研究使用了958年的纵向数据样本 2010-2018年期间的美国上市公司。研究的基本模型首先检验了FD与战略变革水平之间是否存在直接关系。然后，它将公司业绩作为一个调节变量，测试其对外国董事和战略变革之间关系的影响。研究结果与该研究的预期一致，实证结果表明，富有适当经验的FD与卓越的战略变革有关，无论是从公司战略随时间的变化还是偏离行业规范的角度来衡量。研究结果证实，FDs是战略变革的重要驱动力。然而，效果的强弱取决于公司的业绩。研究局限性/含义本文对基于国际任命的有效全球领导力发展具有启示。首先，导演可以从被分配到外国工作中受益，这样他们就可以接触到广泛的经验，并学会克服文化冲击。其次，将董事派往国外可以提高他们的国际知识，并提高与创造力、领导力和解决问题有关的各种能力。通过证明董事会的特征可以在公司战略发展中发挥作用，本研究对董事会组成的研究和实践都具有启示意义。任何董事会的席位数量都是有限的，因此每个董事不仅要监督最高管理层，还要将他们的知识和相关经验应用于公司的雄心。除了高公司绩效导致战略持续性的情况外，研究结果表明，更高水平的FD与战略变化呈正相关。实际意义本文的实际意义与董事的招聘和选拔有关。首先，调查结果呼应了对将具有更高国际经验的成员纳入董事会和高级管理团队的支持。似乎，尽管这一特征很重要，但美国公司的董事往往缺乏丰富的海外经验（Carpenter和Westphal，2001）。造成这种情况的一个可能原因是，有国际经验的员工由于在公司总部以外的地方工作，缺乏晋升董事所需的社会资本。因此，公司必须为派驻海外办事处的董事创造建立联系的机会。独创性/价值尽管之前的研究已经对首席执行官的国际经验如何在战略变革中体现提供了一些见解，但对于董事会成员来说，这种理解还远远不够完整。此外，企业绩效作为潜在的调节影响的话题仍然没有得到充分的探讨。因此，本研究的目的是评估董事中的FDs对公司战略变化的影响，同时考虑到公司业绩在这种关系中可能的混淆作用。

{"title":"The impact of foreign directors and firm performance on strategic change","authors":"Ihssan Samara, I. Yousef","doi":"10.1108/ribs-10-2021-0137","DOIUrl":"https://doi.org/10.1108/ribs-10-2021-0137","url":null,"abstract":"\u0000Purpose\u0000This study aims to investigate the joint effect of foreign directors (FDs) and firm performance on the corporate strategic change.\u0000\u0000\u0000Design/methodology/approach\u0000A theoretical framework linking foreign directors, firm performance and strategic change is proposed and tested. This study uses a sample of longitudinal data from 958 US listed firms over the period 2010–2018. The basic model of study first tests whether there is a direct relationship between FDs and level of strategic change. It then incorporates firm performance as a moderating variable, testing its effect on the relationship between foreign director and strategic change.\u0000\u0000\u0000Findings\u0000Consistent with the study’s expectations, the empirical findings indicate that FDs rich in appropriate experience are associated with superior strategic change, measured both in terms of variation in firm strategy over time and deviation from industry norms. The findings confirm that FDs are a salient driver of strategic change. The strength of the effect, however, depends on the firm performance.\u0000\u0000\u0000Research limitations/implications\u0000This paper has implications for effective global leadership development based on international appointments. First, directors can benefit from being assigned to work in foreign countries so that they are exposed to a wide range of experiences and can learn to overcome culture shock. Second, posting directors to foreign countries can improve their international knowledge and enhance various competencies related to creativity, leadership and problem-solving. By demonstrating that the board’s characteristics can play a role in corporate strategy development, the current study thus has implications for both study and practice with regard to board composition. The number of seats on any given board is finite, and each individual director is thus expected to not only monitor top management but also to apply their knowledge and relevant experience in service to the company’s ambitions. Except in cases where high firm performance leads to strategic persistence, the results suggest that greater levels of FDs correlate positively with strategic change.\u0000\u0000\u0000Practical implications\u0000The practical implications of this paper pertain to director recruitment and selection. First, the findings echo support for the inclusion of members with greater levels of international experience on boards and top management teams. It seems that, despite the importance of this characteristic, directors at US companies often lack substantial experience abroad (Carpenter and Westphal, 2001). A possible reason for this could be that internationally experienced employees otherwise lack the social capital necessary for promotion to directorships because of time spent stationed away from the firm’s headquarters. It is thus essential for companies to create networking opportunities for directors assigned to foreign offices.\u0000\u0000\u0000Originality/value\u0000Although previous research has provided some insight into how chief e","PeriodicalId":45046,"journal":{"name":"Review of International Business and Strategy","volume":null,"pages":null},"PeriodicalIF":3.1,"publicationDate":"2022-08-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49487594","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 2