Pub Date : 2023-01-26DOI: 10.1108/mbr-02-2022-0026
L. Shao, Liang Wang, Zaiyang Xie, Hua Zhou
Purpose Viewing the domestic downside risk as a “pushing” factor for outward foreign direct investment (OFDI), this study aims to examine the surge in Chinese cross-border acquisitions (CBAs) between 2008 and 2017, a unique window when private firms in China were allowed to conduct CBAs. Design/methodology/approach This study examines the effect of down-side risk on cross-border acquisition performance by using the sample of Chinese A-share listed companies from 2008 to 2017. Specifically, this study considers three kinds of systemic risk, systematic risk and idiosyncratic risk, and respectively examines their impact on CBAs activities; this study also investigates their subsequent results after CBAs activities. The contingency effect of state ownership on the above relationship is also discussed. Findings The findings reveal that pre-CBA systemic risk explains the volume of CBA activities; CBAs are followed by a reduction in systemic risk; the interactions between systemic risk and CBAs decrease with the level of state ownership; and the above results do not hold for traditional risk measures (i.e. systematic risk and idiosyncratic risk). Originality/value This study contributes to the literature by revealing the role of systemic risk as a “pushing” factor in the context of OFDI and suggesting an alternative explanation for CBAs from China: Chinese firms (especially private firms) took advantage of the rare opportunity between 2008 and 2017 given by the government to transfer assets overseas through CBA.
{"title":"Fleeing from systemic risk at home through cross-border acquisitions","authors":"L. Shao, Liang Wang, Zaiyang Xie, Hua Zhou","doi":"10.1108/mbr-02-2022-0026","DOIUrl":"https://doi.org/10.1108/mbr-02-2022-0026","url":null,"abstract":"\u0000Purpose\u0000Viewing the domestic downside risk as a “pushing” factor for outward foreign direct investment (OFDI), this study aims to examine the surge in Chinese cross-border acquisitions (CBAs) between 2008 and 2017, a unique window when private firms in China were allowed to conduct CBAs.\u0000\u0000\u0000Design/methodology/approach\u0000This study examines the effect of down-side risk on cross-border acquisition performance by using the sample of Chinese A-share listed companies from 2008 to 2017. Specifically, this study considers three kinds of systemic risk, systematic risk and idiosyncratic risk, and respectively examines their impact on CBAs activities; this study also investigates their subsequent results after CBAs activities. The contingency effect of state ownership on the above relationship is also discussed.\u0000\u0000\u0000Findings\u0000The findings reveal that pre-CBA systemic risk explains the volume of CBA activities; CBAs are followed by a reduction in systemic risk; the interactions between systemic risk and CBAs decrease with the level of state ownership; and the above results do not hold for traditional risk measures (i.e. systematic risk and idiosyncratic risk).\u0000\u0000\u0000Originality/value\u0000This study contributes to the literature by revealing the role of systemic risk as a “pushing” factor in the context of OFDI and suggesting an alternative explanation for CBAs from China: Chinese firms (especially private firms) took advantage of the rare opportunity between 2008 and 2017 given by the government to transfer assets overseas through CBA.\u0000","PeriodicalId":46630,"journal":{"name":"Multinational Business Review","volume":" ","pages":""},"PeriodicalIF":2.7,"publicationDate":"2023-01-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46091308","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-10DOI: 10.1108/mbr-07-2022-0095
Feiqiong Chen, Jie-hua Zhu, Wenjing Wang
Purpose This paper aims to investigate whether executive compensation and internal control can prevent overseas compliance risks through the mediating influence of multinational corporation (MNC) legitimacy and the moderating role of institutional distance. Design/methodology/approach Based on a law and economics perspective and the “bad apple,” the “red barrel” and the “bad cellar” theory of business misconduct, this paper constructs a systematic framework of “compliance motivation MNC legitimacy overseas compliance risk prevention” from the individual, organizational and systematic levels and uses data of Chinese MNCs for empirical analysis. Findings Empirical data from Chinese MNCs show that overseas compliance risks are comprehensively affected by the factors of the individual, organizational and systematic levels. Higher executive compensation and internal control will reduce MNCs’ overseas compliance risks through MNC legitimacy acquisition; institutional distance hinders the positive effect of internal control on MNC legitimacy and therefore aggravates overseas compliance risks. Practical implications This paper contributes to the understanding of the overseas law-abiding and offence behavior of MNCs from a law and economics perspective and offers valuable insights on how to prevent the ever-increasing overseas compliance risks. Originality/value Although the literature has analyzed the factors of compliance behavior, they are not interrelated, let alone integrated in a systematic risk prevention framework. This paper applies a law and economic analysis framework to the study of the overseas compliance risks for the first time.
{"title":"Overseas compliance risk prevention for multinational corporations in a law and economics perspective: empirical evidence from Chinese MNCs","authors":"Feiqiong Chen, Jie-hua Zhu, Wenjing Wang","doi":"10.1108/mbr-07-2022-0095","DOIUrl":"https://doi.org/10.1108/mbr-07-2022-0095","url":null,"abstract":"\u0000Purpose\u0000This paper aims to investigate whether executive compensation and internal control can prevent overseas compliance risks through the mediating influence of multinational corporation (MNC) legitimacy and the moderating role of institutional distance.\u0000\u0000\u0000Design/methodology/approach\u0000Based on a law and economics perspective and the “bad apple,” the “red barrel” and the “bad cellar” theory of business misconduct, this paper constructs a systematic framework of “compliance motivation MNC legitimacy overseas compliance risk prevention” from the individual, organizational and systematic levels and uses data of Chinese MNCs for empirical analysis.\u0000\u0000\u0000Findings\u0000Empirical data from Chinese MNCs show that overseas compliance risks are comprehensively affected by the factors of the individual, organizational and systematic levels. Higher executive compensation and internal control will reduce MNCs’ overseas compliance risks through MNC legitimacy acquisition; institutional distance hinders the positive effect of internal control on MNC legitimacy and therefore aggravates overseas compliance risks.\u0000\u0000\u0000Practical implications\u0000This paper contributes to the understanding of the overseas law-abiding and offence behavior of MNCs from a law and economics perspective and offers valuable insights on how to prevent the ever-increasing overseas compliance risks.\u0000\u0000\u0000Originality/value\u0000Although the literature has analyzed the factors of compliance behavior, they are not interrelated, let alone integrated in a systematic risk prevention framework. This paper applies a law and economic analysis framework to the study of the overseas compliance risks for the first time.\u0000","PeriodicalId":46630,"journal":{"name":"Multinational Business Review","volume":" ","pages":""},"PeriodicalIF":2.7,"publicationDate":"2023-01-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42743546","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-11-16DOI: 10.1108/mbr-05-2022-0080
Barbara Maggi, Claudia Pongelli, Salvatore Sciascia
Purpose Although research on family firms (FF) internationalization has seen a boom over the past 30 years, the understanding of how FFs internationalize with equity modes is still fragmented. Indeed, the majority of extant literature on this topic identifies internationalization with export, overlooking the alternative equity-based entry modes FFs have when entering a foreign country. The purpose of this paper is to fill this gap with a framework-based systematic literature review on the topic to improve the understanding of this phenomenon and propose a way forward. Design/methodology/approach This study conducted a framework-based systematic literature review of 93 papers published between 1993 and 2021. Findings This study adds to the current debate on FFs internationalization by integrating previous review efforts with a deeper investigation of FFs’ equity-based entry modes. This study contributes to this body of knowledge in the family business research by synthetizing and systematizing extant literature with a framework-based approach from the international business (IB) field. In so doing, this study builds a stronger link between these two areas of research. Finally, research gaps and promising research avenues for future studies are also presented. Originality/value This study responds to the call to create a dialogue between the FFs and IB fields by systematizing the extant body of knowledge and integrating the FF literature with one of the most widely used frameworks (Pan and Tse, 2000) on entry modes in the IB domain.
{"title":"Family firms and international equity-based entry modes: a systematic literature review","authors":"Barbara Maggi, Claudia Pongelli, Salvatore Sciascia","doi":"10.1108/mbr-05-2022-0080","DOIUrl":"https://doi.org/10.1108/mbr-05-2022-0080","url":null,"abstract":"\u0000Purpose\u0000Although research on family firms (FF) internationalization has seen a boom over the past 30 years, the understanding of how FFs internationalize with equity modes is still fragmented. Indeed, the majority of extant literature on this topic identifies internationalization with export, overlooking the alternative equity-based entry modes FFs have when entering a foreign country. The purpose of this paper is to fill this gap with a framework-based systematic literature review on the topic to improve the understanding of this phenomenon and propose a way forward.\u0000\u0000\u0000Design/methodology/approach\u0000This study conducted a framework-based systematic literature review of 93 papers published between 1993 and 2021.\u0000\u0000\u0000Findings\u0000This study adds to the current debate on FFs internationalization by integrating previous review efforts with a deeper investigation of FFs’ equity-based entry modes. This study contributes to this body of knowledge in the family business research by synthetizing and systematizing extant literature with a framework-based approach from the international business (IB) field. In so doing, this study builds a stronger link between these two areas of research. Finally, research gaps and promising research avenues for future studies are also presented.\u0000\u0000\u0000Originality/value\u0000This study responds to the call to create a dialogue between the FFs and IB fields by systematizing the extant body of knowledge and integrating the FF literature with one of the most widely used frameworks (Pan and Tse, 2000) on entry modes in the IB domain.\u0000","PeriodicalId":46630,"journal":{"name":"Multinational Business Review","volume":" ","pages":""},"PeriodicalIF":2.7,"publicationDate":"2022-11-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48799712","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-10-25DOI: 10.1108/mbr-08-2021-0114
Ahmed Hassan, Johann Fortwengel
Purpose The transfer of organizational practices in multinational enterprises (MNEs), typically from the headquarters to foreign subsidiaries, has been a key theme in international business (IB) literature. Research on this topic increasingly acknowledges the important role of organizational actors external to the focal MNE. Furthermore, there is a growing interest in the microfoundational underpinnings of practice transfer as an important phenomenon in IB. This paper aims to bring together these two emerging research trends to outline an exciting and important avenue for further research. Design/methodology/approach This is a conceptual paper. This paper builds on prior empirical research to theorize different types of involvement of external organizational actors in the transfer process. This study further identifies specific mechanisms that lead to transfer outcomes in terms of practice adaptation. Findings The authors develop conceptual arguments regarding the role of external actors in the microfoundations of transfer. The involvement of external organizational actors can be either direct or indirect, and it can occur in the initiation stage at headquarters level and/or in the implementation stage at subsidiary level. The authors theorize how the involvement of external organizational actors in the transfer process shapes practice adaptation as a key outcome. This study summarizes the theorization with the help of propositions, and this study also identifies a set of research questions that can guide future research on this increasingly important topic. Originality/value This paper contributes to the literature by developing a research agenda to open up the black box regarding the role of external actors in the microfoundations of practice transfer in MNEs.
{"title":"Integrating external actors into the microfoundations of practice transfer in MNEs: a research agenda","authors":"Ahmed Hassan, Johann Fortwengel","doi":"10.1108/mbr-08-2021-0114","DOIUrl":"https://doi.org/10.1108/mbr-08-2021-0114","url":null,"abstract":"\u0000Purpose\u0000The transfer of organizational practices in multinational enterprises (MNEs), typically from the headquarters to foreign subsidiaries, has been a key theme in international business (IB) literature. Research on this topic increasingly acknowledges the important role of organizational actors external to the focal MNE. Furthermore, there is a growing interest in the microfoundational underpinnings of practice transfer as an important phenomenon in IB. This paper aims to bring together these two emerging research trends to outline an exciting and important avenue for further research.\u0000\u0000\u0000Design/methodology/approach\u0000This is a conceptual paper. This paper builds on prior empirical research to theorize different types of involvement of external organizational actors in the transfer process. This study further identifies specific mechanisms that lead to transfer outcomes in terms of practice adaptation.\u0000\u0000\u0000Findings\u0000The authors develop conceptual arguments regarding the role of external actors in the microfoundations of transfer. The involvement of external organizational actors can be either direct or indirect, and it can occur in the initiation stage at headquarters level and/or in the implementation stage at subsidiary level. The authors theorize how the involvement of external organizational actors in the transfer process shapes practice adaptation as a key outcome. This study summarizes the theorization with the help of propositions, and this study also identifies a set of research questions that can guide future research on this increasingly important topic.\u0000\u0000\u0000Originality/value\u0000This paper contributes to the literature by developing a research agenda to open up the black box regarding the role of external actors in the microfoundations of practice transfer in MNEs.\u0000","PeriodicalId":46630,"journal":{"name":"Multinational Business Review","volume":" ","pages":""},"PeriodicalIF":2.7,"publicationDate":"2022-10-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46361820","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-10-05DOI: 10.1108/mbr-01-2022-0007
Chaojin Zhou
Purpose Real options theory posits that multinationality provides additional operating flexibility and helps firms reduce downside risk. This study aims to explore the effects of chief executive officer (CEO) characteristics on the downside risk implication of multinationality in Chinese multinational corporations (MNCs). Design/methodology/approach This study gathers a sample of Chinese MNCs from 2009 to 2020 and deploys a Tobit panel estimation model with fixed effects in the empirical analysis. Findings This study finds that multinationality has a significant negative effect on downside risk. The downside risk reduction effect of multinationality is stronger in firms led by older CEOs, women CEOs, CEOs with overseas experience or broader functional backgrounds or those with higher educational levels. Additionally, the above effects of CEO characteristics on the downside risk reduction effect of multinationality are more pronounced in firms with smaller top management team (TMT) sizes. Hence, the findings show that the multinational network constructed by Chinese MNCs could offer great operating flexibility, and CEO characteristics and the CEO–TMT interface play an important role in achieving real options flexibility from multinationality. Originality/value This study shows that multinationality could be an effective way for emerging market firms to reduce business risk. This study helps identify CEO characteristics that are associated with real option performance and emphasizes that CEO personal attitudes and abilities could influence the real options flexibility obtained from multinationality. This study also contributes to the understanding of micro foundations in international business by focusing on the role of CEO characteristics and the CEO–TMT interface in the downside risk implications of multinationality.
{"title":"CEO characteristics, multinationality and downside risk: evidence from Chinese multinational corporations","authors":"Chaojin Zhou","doi":"10.1108/mbr-01-2022-0007","DOIUrl":"https://doi.org/10.1108/mbr-01-2022-0007","url":null,"abstract":"Purpose\u0000Real options theory posits that multinationality provides additional operating flexibility and helps firms reduce downside risk. This study aims to explore the effects of chief executive officer (CEO) characteristics on the downside risk implication of multinationality in Chinese multinational corporations (MNCs).\u0000\u0000\u0000Design/methodology/approach\u0000This study gathers a sample of Chinese MNCs from 2009 to 2020 and deploys a Tobit panel estimation model with fixed effects in the empirical analysis.\u0000\u0000\u0000Findings\u0000This study finds that multinationality has a significant negative effect on downside risk. The downside risk reduction effect of multinationality is stronger in firms led by older CEOs, women CEOs, CEOs with overseas experience or broader functional backgrounds or those with higher educational levels. Additionally, the above effects of CEO characteristics on the downside risk reduction effect of multinationality are more pronounced in firms with smaller top management team (TMT) sizes. Hence, the findings show that the multinational network constructed by Chinese MNCs could offer great operating flexibility, and CEO characteristics and the CEO–TMT interface play an important role in achieving real options flexibility from multinationality.\u0000\u0000\u0000Originality/value\u0000This study shows that multinationality could be an effective way for emerging market firms to reduce business risk. This study helps identify CEO characteristics that are associated with real option performance and emphasizes that CEO personal attitudes and abilities could influence the real options flexibility obtained from multinationality. This study also contributes to the understanding of micro foundations in international business by focusing on the role of CEO characteristics and the CEO–TMT interface in the downside risk implications of multinationality.","PeriodicalId":46630,"journal":{"name":"Multinational Business Review","volume":" ","pages":""},"PeriodicalIF":2.7,"publicationDate":"2022-10-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46671666","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-07-28DOI: 10.1108/mbr-04-2022-0053
Rakesh B. Sambharya, F. Contractor, A. Rasheed
Purpose The purpose of this paper is to identify some of the major issues relating to the conceptualization and operationalization of industry globalization. Findings Globalized industries have four important characteristics: cross-border product flows, cross-border capital flows, dispersal of global value chains and global competition. However, lack of availability of data limits our ability to develop an operationalization that encompasses all these four aspects of globalization. Practical implications The authors identify some of the most important factors driving industry globalization as well as the major impediments to globalization. Originality/value Although the term “globalization” has attained a nearly “taken for granted” status, its meaning is rather vaguely specified and is often context dependent. This paper delineates the domain of the construct and identifies many of the practical issues in operationalizing the construct.
{"title":"Industry globalization: construct, measurement and variation across industries","authors":"Rakesh B. Sambharya, F. Contractor, A. Rasheed","doi":"10.1108/mbr-04-2022-0053","DOIUrl":"https://doi.org/10.1108/mbr-04-2022-0053","url":null,"abstract":"\u0000Purpose\u0000The purpose of this paper is to identify some of the major issues relating to the conceptualization and operationalization of industry globalization.\u0000\u0000\u0000Findings\u0000Globalized industries have four important characteristics: cross-border product flows, cross-border capital flows, dispersal of global value chains and global competition. However, lack of availability of data limits our ability to develop an operationalization that encompasses all these four aspects of globalization.\u0000\u0000\u0000Practical implications\u0000The authors identify some of the most important factors driving industry globalization as well as the major impediments to globalization.\u0000\u0000\u0000Originality/value\u0000Although the term “globalization” has attained a nearly “taken for granted” status, its meaning is rather vaguely specified and is often context dependent. This paper delineates the domain of the construct and identifies many of the practical issues in operationalizing the construct.\u0000","PeriodicalId":46630,"journal":{"name":"Multinational Business Review","volume":" ","pages":""},"PeriodicalIF":2.7,"publicationDate":"2022-07-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46085816","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-07-15DOI: 10.1108/mbr-04-2021-0055
Ettore Spadafora, Kwabena Aboah Addo, T. Kostova, Makafui Kwame Kumodzie-Dussey, E. Leo, Valentina Marano, Marc van Essen
Purpose Despite agency theory and resource dependence theory suggesting that – albeit through different mechanisms – board independence positively influences firm internationalization, empirical evidence on this relationship has been mixed and inconclusive. Based on this, the purpose of the present study is twofold: first, to analyze and synthesize the existing empirical literature and, second, to develop new theoretical insights on the effect of board independence on firm internationalization. Design/methodology/approach The authors used advanced meta-analytic techniques that allowed them, first, to synthesize the existing empirical literature on the board independence–firm internationalization relationship and, second, to examine the effect of several contingencies on such relationship. This study relies on data from 87 primary studies (published and unpublished) carried out in multiple academic fields in the period 1998–2021 and covering 49 countries. Findings The results confirm the established agency and resource-dependence arguments, suggesting that higher board independence is associated with greater firm internationalization. Moreover, the results show that the focal relationship is moderated by home-country formal and informal institutional factors, and in particular, the legal protection of minority shareholders and family business legitimacy. The authors do not find evidence that CEO duality and board size moderate the focal relationship or that board independence has a stronger effect on breadth than on depth of internationalization. Originality/value This study lies at the intersection of the literatures on corporate governance and firm internationalization and on comparative corporate governance of the multinational firm, shedding further light on the role played by institutional environments in determining the effectiveness of corporate governance mechanisms.
{"title":"Board independence and firm internationalization: a meta-analysis","authors":"Ettore Spadafora, Kwabena Aboah Addo, T. Kostova, Makafui Kwame Kumodzie-Dussey, E. Leo, Valentina Marano, Marc van Essen","doi":"10.1108/mbr-04-2021-0055","DOIUrl":"https://doi.org/10.1108/mbr-04-2021-0055","url":null,"abstract":"\u0000Purpose\u0000Despite agency theory and resource dependence theory suggesting that – albeit through different mechanisms – board independence positively influences firm internationalization, empirical evidence on this relationship has been mixed and inconclusive. Based on this, the purpose of the present study is twofold: first, to analyze and synthesize the existing empirical literature and, second, to develop new theoretical insights on the effect of board independence on firm internationalization.\u0000\u0000\u0000Design/methodology/approach\u0000The authors used advanced meta-analytic techniques that allowed them, first, to synthesize the existing empirical literature on the board independence–firm internationalization relationship and, second, to examine the effect of several contingencies on such relationship. This study relies on data from 87 primary studies (published and unpublished) carried out in multiple academic fields in the period 1998–2021 and covering 49 countries.\u0000\u0000\u0000Findings\u0000The results confirm the established agency and resource-dependence arguments, suggesting that higher board independence is associated with greater firm internationalization. Moreover, the results show that the focal relationship is moderated by home-country formal and informal institutional factors, and in particular, the legal protection of minority shareholders and family business legitimacy. The authors do not find evidence that CEO duality and board size moderate the focal relationship or that board independence has a stronger effect on breadth than on depth of internationalization.\u0000\u0000\u0000Originality/value\u0000This study lies at the intersection of the literatures on corporate governance and firm internationalization and on comparative corporate governance of the multinational firm, shedding further light on the role played by institutional environments in determining the effectiveness of corporate governance mechanisms.\u0000","PeriodicalId":46630,"journal":{"name":"Multinational Business Review","volume":" ","pages":""},"PeriodicalIF":2.7,"publicationDate":"2022-07-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44109537","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-07-14DOI: 10.1108/mbr-01-2022-0001
R. Jain, C. Oh, Daniel Shapiro
Purpose This paper aims to evaluate the past contributions of Multinational Business Review (MBR), identify research gaps and opportunities and provide a research agenda that addresses several sustainability-related and other contemporary challenges. Design/methodology/approach This study analyzes 400 papers published between 2003 and 2021 to map the MBR’s intellectual and conceptual structure using advanced bibliometric techniques. Findings The bibliographic coupling technique identifies core clusters in MBR papers, and subsequent content analysis of these clusters reveals the following five research fronts: internalization theory and the future of international business (IB) research; internationalization and firm performance; regionalization versus globalization debate; internationalization by emerging market firms; and global dynamic capabilities and firm internationalization. Originality/value To the best of the authors’ knowledge, this is the first comprehensive analysis of past contributions of MBR to research on IB and suggests a way for MBR to play a seminal role in addressing contemporary challenges in IB.
{"title":"A bibliometric analysis and future research opportunities in Multinational Business Review","authors":"R. Jain, C. Oh, Daniel Shapiro","doi":"10.1108/mbr-01-2022-0001","DOIUrl":"https://doi.org/10.1108/mbr-01-2022-0001","url":null,"abstract":"\u0000Purpose\u0000This paper aims to evaluate the past contributions of Multinational Business Review (MBR), identify research gaps and opportunities and provide a research agenda that addresses several sustainability-related and other contemporary challenges.\u0000\u0000\u0000Design/methodology/approach\u0000This study analyzes 400 papers published between 2003 and 2021 to map the MBR’s intellectual and conceptual structure using advanced bibliometric techniques.\u0000\u0000\u0000Findings\u0000The bibliographic coupling technique identifies core clusters in MBR papers, and subsequent content analysis of these clusters reveals the following five research fronts: internalization theory and the future of international business (IB) research; internationalization and firm performance; regionalization versus globalization debate; internationalization by emerging market firms; and global dynamic capabilities and firm internationalization.\u0000\u0000\u0000Originality/value\u0000To the best of the authors’ knowledge, this is the first comprehensive analysis of past contributions of MBR to research on IB and suggests a way for MBR to play a seminal role in addressing contemporary challenges in IB.\u0000","PeriodicalId":46630,"journal":{"name":"Multinational Business Review","volume":"1 1","pages":""},"PeriodicalIF":2.7,"publicationDate":"2022-07-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42212378","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-06-28DOI: 10.1108/mbr-03-2021-0027
M. Henning, Ramsin Yakob
Purpose The purpose of this study is to investigate how an increasingly intertwined international geography of ownership affects renewal activities and processes, including innovation, in established local companies that have shifted into foreign ownership. The authors develop a framework for the relations between (foreign) ownership and local renewal activities and processes (including innovation). The authors focus on access to resources for renewal, the development of capabilities for innovation and change, and local mandates to pursue renewal. Based on case studies of eight formerly Swedish-owned mid-size manufacturing companies that have shifted into and remained under foreign ownership during most of the 2010s, the authors develop a framework concerned with the relations between (foreign) ownership and renewal activities and processes in local firms. Design/methodology/approach Multiple intensive case studies of eight previously Swedish-owned mid-sized manufacturing companies to gain qualitative insights into the resource, capabilities and mandates for renewal under new ownership conditions. Empirical data collected primarily through semi-structured interviews and complemented with secondary material, including annual reports (2010–2018), databases, press releases and information on company websites. Empirical data were analyzed thematically to isolate key findings pertaining to renewal. At the core of the analysis process was the gradual creation of a framework that stipulates the relations between (foreign) ownership and firm renewal activities and processes. Findings The companies are endowed with liberal but conditional mandates to pursue strategic innovation in their original sites and draw on a stronger resource repertoire within their ownership spheres. In comparison to the established international business (IB) literature, the authors add considerations about how local aspects interact with international ones to form global distribution of renewal activities in our time. To economic geographers and innovation scholars, consideration of the local and its importance in renewal activities and processes is certainly not new, but we show how ownership is an important aspect that conditions some of the strategic interactions that companies have with their “outsides”. Originality/value Contributes to the burgeoning conversation between IB and economic geography disciplines. Emphasizes a deeper local aspect to the IB literature, partly how companies access resources and capabilities from the ownership sphere at points that suit their renewal efforts and partly the persistence of path-dependent aspects of local companies even as they get acquired by multinationals. Emphasizes ownership and mandate aspects to the literature in Economic geography, which tends to focus on regional/non-regional assets for renewal and innovation. Findings show that the non-regional assets are, in fact, two distinct categories as ownership becomes internat
{"title":"The impact of foreign firm ownership on local renewal activities","authors":"M. Henning, Ramsin Yakob","doi":"10.1108/mbr-03-2021-0027","DOIUrl":"https://doi.org/10.1108/mbr-03-2021-0027","url":null,"abstract":"\u0000Purpose\u0000The purpose of this study is to investigate how an increasingly intertwined international geography of ownership affects renewal activities and processes, including innovation, in established local companies that have shifted into foreign ownership. The authors develop a framework for the relations between (foreign) ownership and local renewal activities and processes (including innovation). The authors focus on access to resources for renewal, the development of capabilities for innovation and change, and local mandates to pursue renewal. Based on case studies of eight formerly Swedish-owned mid-size manufacturing companies that have shifted into and remained under foreign ownership during most of the 2010s, the authors develop a framework concerned with the relations between (foreign) ownership and renewal activities and processes in local firms.\u0000\u0000\u0000Design/methodology/approach\u0000Multiple intensive case studies of eight previously Swedish-owned mid-sized manufacturing companies to gain qualitative insights into the resource, capabilities and mandates for renewal under new ownership conditions. Empirical data collected primarily through semi-structured interviews and complemented with secondary material, including annual reports (2010–2018), databases, press releases and information on company websites. Empirical data were analyzed thematically to isolate key findings pertaining to renewal. At the core of the analysis process was the gradual creation of a framework that stipulates the relations between (foreign) ownership and firm renewal activities and processes.\u0000\u0000\u0000Findings\u0000The companies are endowed with liberal but conditional mandates to pursue strategic innovation in their original sites and draw on a stronger resource repertoire within their ownership spheres. In comparison to the established international business (IB) literature, the authors add considerations about how local aspects interact with international ones to form global distribution of renewal activities in our time. To economic geographers and innovation scholars, consideration of the local and its importance in renewal activities and processes is certainly not new, but we show how ownership is an important aspect that conditions some of the strategic interactions that companies have with their “outsides”.\u0000\u0000\u0000Originality/value\u0000Contributes to the burgeoning conversation between IB and economic geography disciplines. Emphasizes a deeper local aspect to the IB literature, partly how companies access resources and capabilities from the ownership sphere at points that suit their renewal efforts and partly the persistence of path-dependent aspects of local companies even as they get acquired by multinationals. Emphasizes ownership and mandate aspects to the literature in Economic geography, which tends to focus on regional/non-regional assets for renewal and innovation. Findings show that the non-regional assets are, in fact, two distinct categories as ownership becomes internat","PeriodicalId":46630,"journal":{"name":"Multinational Business Review","volume":" ","pages":""},"PeriodicalIF":2.7,"publicationDate":"2022-06-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48805786","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-06-16DOI: 10.1108/mbr-03-2021-0043
J. Katsos, J. Forrer
Purpose This study aims to advance theory on business in conflict zones (often termed “business for peace”) so as to enable the categorization of empirical work testing the field’s assertions. Design/methodology/approach In this conceptual paper, the authors present an assessment framework for categorizing research on the peace impacts of business entities, as suggested by Oetzel et al. (2009). This framework allows researchers to make comparisons across methodologies and fields on whether particular business actions contribute to peace. Findings Drawing on peace and conflict research, this study proposes a three-stage process in response to the presence of violence and its level of intensity, identify applicable research methods to assess the impact of business actions on peace at each of the three stages and offer suggestions for future research. Social implications Categorizing research impacts in the business for peace field will allow societal actors to evaluate the efficacy of claimed business for peace efforts. This is particularly true for those in within international organizations and non-governmental organizations (NGOs) who work with the private sector and for those in the private sector whose work attempts to enhance peace. Originality/value As a societal actor, business has a key role to play in peacemaking. The past decade has seen a proliferation of qualitative research work surrounding this theme. In a seminal work, Oetzel et al. (2009) suggested a research framework building on the theories of Fort and Schipani (2004) and suggested five actions that businesses could take to promote peace. To the best of the authors’ knowledge, this paper is the first one to respond to that suggestion by proposing a means of categorizing the impacts of business actions.
{"title":"Business against violence: assessing how business impacts peace","authors":"J. Katsos, J. Forrer","doi":"10.1108/mbr-03-2021-0043","DOIUrl":"https://doi.org/10.1108/mbr-03-2021-0043","url":null,"abstract":"\u0000Purpose\u0000This study aims to advance theory on business in conflict zones (often termed “business for peace”) so as to enable the categorization of empirical work testing the field’s assertions.\u0000\u0000\u0000Design/methodology/approach\u0000In this conceptual paper, the authors present an assessment framework for categorizing research on the peace impacts of business entities, as suggested by Oetzel et al. (2009). This framework allows researchers to make comparisons across methodologies and fields on whether particular business actions contribute to peace.\u0000\u0000\u0000Findings\u0000Drawing on peace and conflict research, this study proposes a three-stage process in response to the presence of violence and its level of intensity, identify applicable research methods to assess the impact of business actions on peace at each of the three stages and offer suggestions for future research.\u0000\u0000\u0000Social implications\u0000Categorizing research impacts in the business for peace field will allow societal actors to evaluate the efficacy of claimed business for peace efforts. This is particularly true for those in within international organizations and non-governmental organizations (NGOs) who work with the private sector and for those in the private sector whose work attempts to enhance peace.\u0000\u0000\u0000Originality/value\u0000As a societal actor, business has a key role to play in peacemaking. The past decade has seen a proliferation of qualitative research work surrounding this theme. In a seminal work, Oetzel et al. (2009) suggested a research framework building on the theories of Fort and Schipani (2004) and suggested five actions that businesses could take to promote peace. To the best of the authors’ knowledge, this paper is the first one to respond to that suggestion by proposing a means of categorizing the impacts of business actions.\u0000","PeriodicalId":46630,"journal":{"name":"Multinational Business Review","volume":" ","pages":""},"PeriodicalIF":2.7,"publicationDate":"2022-06-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49216594","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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