Thunderbird International Business Review最新文献

This study seeks to unpack some underlying factors for immigrant entrepreneurial success. Specifically, we develop an integrative framework for immigrant entrepreneurship utilizing three key pillars or building blocks: home–host cultural asymmetry (related to cultural distance), home–host cultural integration (related to cultural interface), and immigrant entrepreneurship (related to adaptive learning). Through a phenomenon-driven research approach, our study finds (1) when the home-cultural heritage and family values interface with host country's cultural values, such interface is likely to have significant effects on the process of immigrant entrepreneurship; (2) immigrant entrepreneurs may go through the same sequential stages of cultural shock and cultural adaptation that other immigrants do; (3) we further find that immigrant entrepreneurs' business success may depend on a process of effective intercultural integration, with the process of intercultural integration that may shape the microfoundations of immigrant entrepreneurship and the choice of entrepreneurial strategy. Our study contributes to the growing research streams on immigrant entrepreneurship: the specific intercultural integration for immigrant entrepreneurship and the unique microfoundations of immigrant entrepreneurship.

In international marketing research, innovativeness is usually considered as an important element for firms that adopt an export orientation and that wonder about their success in foreign markets. It might help exporters to better ensure their international orientations. This study aims to test the relationship between institutional orientation, innovativeness, and export performance. It also aims to test the mediating effect of innovativeness in the relationship between institutional orientation and export performance. For this reason, a questionnaire was administered to 260 exporting companies. Results show that institutional orientation has an effect on export performance, especially through its dimension “conformity.” They also show that innovativeness can mediate the link between institutional orientation and export performance.

This paper examines the relationship between adaptive leadership and three levels of resilience: individual, team, and organizational. Developing multilevel resilience enables organizations to better anticipate conflicts and respond to environmental disruptions. Through correlation and regression analysis based on 148 respondents from companies in Russia, we build the relationship between adaptive leadership and three levels of resilience, unpacking the new role of leadership in shaping managerial responses to contextual change. The results suggest that adaptive leadership can positively influence all three levels of resilience, with adaptive leadership having the most significant impact on team resilience, then organizational resilience, leaving employee resilience behind. Such findings contribute to a deeper understanding of how exactly managerial mechanisms should be redesigned to overcome disruptions and develop leadership capabilities.

This paper investigates the impact of mainstream Sharia-based screening methodologies on equity risk. The study is based on the daily returns of 23 pairs of stock indices belonging to different index providers, namely Dow Jones, FTSE, and S&P. For risk measurement, the study uses five Value at Risk (VaR) methods. Moreover, the conditional VaR (CVaR) is used to analyze the tail behavior of return distributions. The results show that Sharia-based screening is a source of significant differences in risk. There is strong evidence that Islamic stock indices (ISIs) tend to be less risky than their conventional peers. Also, the screening process allows for keeping extreme negative returns at a lower level relative to unscreened indices. The analysis during the Dotcom and Subprime crises shows that, globally, the results are time-invariant. In sum, Islamic screening is tantamount to prudential rules that lead to low-risk portfolios; it is, in its essence, a risk-reduction strategy. Findings suggest that Sharia-compliant stocks would be of great attractiveness to risk-averse investors. They will find their claim in this asset class, as its riskiness is relatively low. For banks, a lower VaR of Islamic investing implies fewer capital requirements for market risk when holding portfolios that include Sharia-compliant stocks. Fewer capital requirements will enhance the banks' ability to invest and make profits, which will, in turn, result in reducing the cost of capital.

As generative artificial intelligence (GenAI) becomes more prevalent in academic circles, this article probes its ethical and practical integration in international business (IB) research. It explores the different phases of the research process where GenAI can be effectively employed, including idea generation, data analysis, and writing and communication. Notably, the article emphasizes the critical importance of upholding responsible and ethical standards when incorporating GenAI into IB research, guaranteeing that its utilization not only contributes to knowledge advancement but also conforms to the highest research integrity benchmarks.

This study explores how subnational institutional differences in a large emerging economy—Russia—influence the relationship between research and development (R&D), foreign direct investment (FDI) spillovers, and firm performance. We find that the relationship between R&D and firm performance is positively moderated by subnational institutional development. Furthermore, we find that FDI will more positively moderate the relationship between R&D and firm performance if subnational institutional development is also higher, thus showing that subnational institutional development may foster the positive spillover effect of FDI on local firms.