Pub Date : 2025-02-05DOI: 10.1016/j.jwb.2025.101625
Anita Kerai , Nycil George
In this paper, we investigate how CEO power moderates the relationship between inconsistent performance feedback and family firm internationalization. We argue that when faced with such ambiguity, internationalization is contingent on the CEOs’ ability derived from their sources of power. We test our hypotheses using a sample of Indian family firms from 2008 to 2015. We find that powerful CEOs choose self-enhancement over problemistic search and are less likely to pursue firm internationalization. Our results also show that when CEOs draw power from formal sources, they are more prone to cognitive biases and, thus, more likely to adopt self-enhancement.
{"title":"Inconsistent performance feedback and firm internationalization: Can CEOs remove the haze?","authors":"Anita Kerai , Nycil George","doi":"10.1016/j.jwb.2025.101625","DOIUrl":"10.1016/j.jwb.2025.101625","url":null,"abstract":"<div><div>In this paper, we investigate how CEO power moderates the relationship between inconsistent performance feedback and family firm internationalization. We argue that when faced with such ambiguity, internationalization is contingent on the CEOs’ ability derived from their sources of power. We test our hypotheses using a sample of Indian family firms from 2008 to 2015. We find that powerful CEOs choose self-enhancement over problemistic search and are less likely to pursue firm internationalization. Our results also show that when CEOs draw power from formal sources, they are more prone to cognitive biases and, thus, more likely to adopt self-enhancement.</div></div>","PeriodicalId":51357,"journal":{"name":"Journal of World Business","volume":"60 3","pages":"Article 101625"},"PeriodicalIF":8.9,"publicationDate":"2025-02-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143519408","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Threats from patent litigations are a major roadblock for the internationalization strategies of MNCs from emerging markets (EMNCs). While existing theory focuses on weak patent systems in emerging economies as an obstacle for multinational corporations from developed economies, we conceptualize them as experiential learning contexts that shape the patent litigation routines of local firms. We reason that the depth of organizational learning from patent litigation experiences as defendants in weak, domestic patent systems is counterproductive for EMNCs. Such experiences lead to the development of patent litigation routines that are ill-suited for operating in countries with strong patent systems, thereby exposing EMNCs to costly patent litigations. We find empirical support by analyzing 2,273 Indian firms between 2007 and 2017. Learning from operating in many countries with strong patent systems and experience with international, as opposed to national, patent filings create boundary conditions.
{"title":"Strategic vulnerabilities of emerging market MNCs – How litigation experiences in weak patent systems increase the risks of patent litigation abroad","authors":"Wolfgang Sofka , Nikolaos Papageorgiadis , Sreevas Sahasranamam , K.V. Mukundhan","doi":"10.1016/j.jwb.2025.101624","DOIUrl":"10.1016/j.jwb.2025.101624","url":null,"abstract":"<div><div>Threats from patent litigations are a major roadblock for the internationalization strategies of MNCs from emerging markets (EMNCs). While existing theory focuses on weak patent systems in emerging economies as an obstacle for multinational corporations from developed economies, we conceptualize them as experiential learning contexts that shape the patent litigation routines of local firms. We reason that the depth of organizational learning from patent litigation experiences as defendants in weak, domestic patent systems is counterproductive for EMNCs. Such experiences lead to the development of patent litigation routines that are ill-suited for operating in countries with strong patent systems, thereby exposing EMNCs to costly patent litigations. We find empirical support by analyzing 2,273 Indian firms between 2007 and 2017. Learning from operating in many countries with strong patent systems and experience with international, as opposed to national, patent filings create boundary conditions.</div></div>","PeriodicalId":51357,"journal":{"name":"Journal of World Business","volume":"60 3","pages":"Article 101624"},"PeriodicalIF":8.9,"publicationDate":"2025-02-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143519410","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-02-03DOI: 10.1016/j.jwb.2025.101627
Anish Purkayastha , Andrew Delios , Vikas Kumar
We build on the Linkage, Leverage, and Learning (LLL) framework to develop theory on how business group (BG) affiliation enables knowledge sharing and resource leveraging across affiliates to facilitate global expansion via overseas subsidiary formation. We use a sample of 3,204 Indian BG affiliates from 2006 to 2014 modeled with zero-inflated negative binomial regression to examine this relationship between multisectoral expertise, the international knowledge of a BG and overseas subsidiary formation. Our results show that the positive influence of BG-level multisectoral expertise on overseas subsidiary formation is amplified by a BG's level of international knowledge as derived from its affiliates' export activities. Our findings highlight the importance of intra-group dynamics and BG heterogeneity in affiliate internationalization. We hence challenge the view of BGs existing and operating as homogeneous entities, where this across BG heterogeneity comes from the variable types and depths of exposure that a BG's affiliates have in international markets.
{"title":"Leveraging Multisectoral Expertise and International Knowledge: Business Group Influence on Overseas Subsidiary Formation","authors":"Anish Purkayastha , Andrew Delios , Vikas Kumar","doi":"10.1016/j.jwb.2025.101627","DOIUrl":"10.1016/j.jwb.2025.101627","url":null,"abstract":"<div><div>We build on the Linkage, Leverage, and Learning (LLL) framework to develop theory on how business group (BG) affiliation enables knowledge sharing and resource leveraging across affiliates to facilitate global expansion via overseas subsidiary formation. We use a sample of 3,204 Indian BG affiliates from 2006 to 2014 modeled with zero-inflated negative binomial regression to examine this relationship between multisectoral expertise, the international knowledge of a BG and overseas subsidiary formation. Our results show that the positive influence of BG-level multisectoral expertise on overseas subsidiary formation is amplified by a BG's level of international knowledge as derived from its affiliates' export activities. Our findings highlight the importance of intra-group dynamics and BG heterogeneity in affiliate internationalization. We hence challenge the view of BGs existing and operating as homogeneous entities, where this across BG heterogeneity comes from the variable types and depths of exposure that a BG's affiliates have in international markets.</div></div>","PeriodicalId":51357,"journal":{"name":"Journal of World Business","volume":"60 3","pages":"Article 101627"},"PeriodicalIF":8.9,"publicationDate":"2025-02-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143519411","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-02-01DOI: 10.1016/j.jwb.2024.101611
Alex Veen , Jeroen Meijerink , Tom Barratt , Anne Keegan , Caleb Goods
Food-delivery platforms seemingly confound the organizational logic that firms, upon internationalization, must gain legitimacy. We contribute to the literature on HRM in multinational enterprises by studying how Deliveroo and Uber Eats expanded into Australia and the Netherlands. Using an organizational legitimacy lens, we trace how these platforms navigate the legitimacy challenges arising from their business models based on ‘HRM without employment’. Our longitudinal time-sensitive qualitative case study design reveals how the platforms dynamically reconfigure their HRM activities and shadowbox with regulators. Rather than pursuing outright legitimacy, they seek to ‘buy time’, to establish local footprints, and, where possible, institutionally innovate.
{"title":"Overcoming legitimacy challenges of novel HRM practices during internationalization: The case of two food-delivery platforms","authors":"Alex Veen , Jeroen Meijerink , Tom Barratt , Anne Keegan , Caleb Goods","doi":"10.1016/j.jwb.2024.101611","DOIUrl":"10.1016/j.jwb.2024.101611","url":null,"abstract":"<div><div>Food-delivery platforms seemingly confound the organizational logic that firms, upon internationalization, must gain legitimacy. We contribute to the literature on HRM in multinational enterprises by studying how Deliveroo and Uber Eats expanded into Australia and the Netherlands. Using an organizational legitimacy lens, we trace how these platforms navigate the legitimacy challenges arising from their business models based on ‘HRM without employment’. Our longitudinal time-sensitive qualitative case study design reveals how the platforms dynamically reconfigure their HRM activities and shadowbox with regulators. Rather than pursuing outright legitimacy, they seek to ‘buy time’, to establish local footprints, and, where possible, institutionally innovate.</div></div>","PeriodicalId":51357,"journal":{"name":"Journal of World Business","volume":"60 2","pages":"Article 101611"},"PeriodicalIF":8.9,"publicationDate":"2025-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142889273","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-02-01DOI: 10.1016/j.jwb.2024.101609
Heinz Tüselmann , Rudolf R. Sinkovics , Grigory Pishchulov
We re-examine and advance the landscape of academic journal publishing, specifically focusing on international business (IB) journals. While previous journal rankings have identified sixteen domain-specific IB journals, a renewed look at the journal space shows that the landscape of publications for IB has grown, while at the same time, mostly, retained or even improved its quality propositions. Utilizing state-of-the art machine learning methods including Classification and Regression Trees (CART) and random forests next to data envelopment analysis (DEA) for performance evaluation as well as fuzzy clustering methods, our meta-ranking identifies opportunities for mid-range journals with potential for ascension to higher quality clusters. Comparative analysis further suggests Journal of World Business (JWB) as a candidate for future inclusion in elite journal lists such as the FT50 list, alongside the Journal of International Business Studies (JIBS). Overall, our results show the IB journal landscape is developing towards a quality-based growth trajectory. This advancement has the potential to bolster the long-term competitiveness of the discipline by expanding the scope of its scholarship. Furthermore, it enhances the discipline's influence within the broader management and business ecosystem.
{"title":"An advanced meta-ranking for the expanding international business field – Journal status and future trajectories","authors":"Heinz Tüselmann , Rudolf R. Sinkovics , Grigory Pishchulov","doi":"10.1016/j.jwb.2024.101609","DOIUrl":"10.1016/j.jwb.2024.101609","url":null,"abstract":"<div><div>We re-examine and advance the landscape of academic journal publishing, specifically focusing on international business (IB) journals. While previous journal rankings have identified sixteen domain-specific IB journals, a renewed look at the journal space shows that the landscape of publications for IB has grown, while at the same time, mostly, retained or even improved its quality propositions. Utilizing state-of-the art machine learning methods including Classification and Regression Trees (CART) and random forests next to data envelopment analysis (DEA) for performance evaluation as well as fuzzy clustering methods, our meta-ranking identifies opportunities for mid-range journals with potential for ascension to higher quality clusters. Comparative analysis further suggests Journal of World Business (JWB) as a candidate for future inclusion in elite journal lists such as the FT50 list, alongside the Journal of International Business Studies (JIBS). Overall, our results show the IB journal landscape is developing towards a quality-based growth trajectory. This advancement has the potential to bolster the long-term competitiveness of the discipline by expanding the scope of its scholarship. Furthermore, it enhances the discipline's influence within the broader management and business ecosystem.</div></div>","PeriodicalId":51357,"journal":{"name":"Journal of World Business","volume":"60 2","pages":"Article 101609"},"PeriodicalIF":8.9,"publicationDate":"2025-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142886996","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-02-01DOI: 10.1016/j.jwb.2024.101610
Tina C. Ambos , Ulf Andersson , Rian Drogendijk , Randi Lunnan , Pamela Sharkey Scott , H．Emre Yildiz
The microfoundations perspective offers promising avenues for advancing theoretical and empirical research in international business (IB). However, two key challenges have limited progress so far: first, uncovering micro-macro relationships in complex, often nested, IB phenomena; second, applying the multiple theoretical lenses offered by IB to coherently explain relationships. This paper addresses these challenges of applying microfoundations in IB by proposing a modular approach to its foundational framework, Coleman's (1990) bathtub. By breaking down the bathtub into its component parts or modules, each module relates to a specific, independent relationship between two constructs, that can be theorized and tested. We provide clear definitions of how modular (mono, abridged, partial, or full) explanations can be used as a tool for conceptualization and research design. In addition to enhancing our theoretical precision, a modular microfoundations approach also provides the architecture for existing studies to be connectable to new work focusing on other modules. This holds the potential of creating a full microfoundations explanation and thereby a rigorous and cumulative means for theory building in IB. We call for scholars to adopt this modular microfoundations perspective to better tackle the important questions of our time for global business and society.
{"title":"Revealing the promise of microfoundations for international business research: A modular approach","authors":"Tina C. Ambos , Ulf Andersson , Rian Drogendijk , Randi Lunnan , Pamela Sharkey Scott , H．Emre Yildiz","doi":"10.1016/j.jwb.2024.101610","DOIUrl":"10.1016/j.jwb.2024.101610","url":null,"abstract":"<div><div>The microfoundations perspective offers promising avenues for advancing theoretical and empirical research in international business (IB). However, two key challenges have limited progress so far: first, uncovering micro-macro relationships in complex, often nested, IB phenomena; second, applying the multiple theoretical lenses offered by IB to coherently explain relationships. This paper addresses these challenges of applying microfoundations in IB by proposing a <em>modular approach</em> to its foundational framework, Coleman's (1990) bathtub. By breaking down the bathtub into its component parts or modules, each module relates to a specific, independent relationship between two constructs, that can be theorized and tested. We provide clear definitions of how modular (mono, abridged, partial, or full) explanations can be used as a tool for conceptualization and research design. In addition to enhancing our theoretical precision, a modular microfoundations approach also provides the architecture for existing studies to be connectable to new work focusing on other modules. This holds the potential of creating a full microfoundations explanation and thereby a rigorous and cumulative means for theory building in IB. We call for scholars to adopt this modular microfoundations perspective to better tackle the important questions of our time for global business and society.</div></div>","PeriodicalId":51357,"journal":{"name":"Journal of World Business","volume":"60 2","pages":"Article 101610"},"PeriodicalIF":8.9,"publicationDate":"2025-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142936629","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The article examines how firms' institutional environments influence rivals' expected performance following horizontal M&A announcements of competitors. Grounded in institutional economics, we propose that institutional distance affects M&As' economic efficiency by influencing deal completion and creating subsequent differential costs and benefits post-deal completion. Our analysis of 124 international M&A announcements reveals that rivals’ performance is negatively affected by negative formal institutional distance between the acquirer and target, but positively affected by negative formal distance between the rival and acquirer. In addition, informal institutional distance between the acquirer and target has positive effect on rivals’ performance—though this effect vanishes for high-status acquirers.
{"title":"The Impact of International Mergers and Acquisitions on Rivals’ Performance: The Role of Formal and Informal Institutions","authors":"Dimitrija Kalanoski , Francesco Cappa , Michele Pinelli , Jean-Philippe Bonardi","doi":"10.1016/j.jwb.2024.101608","DOIUrl":"10.1016/j.jwb.2024.101608","url":null,"abstract":"<div><div>The article examines how firms' institutional environments influence rivals' expected performance following horizontal M&A announcements of competitors. Grounded in institutional economics, we propose that institutional distance affects M&As' economic efficiency by influencing deal completion and creating subsequent differential costs and benefits post-deal completion. Our analysis of 124 international M&A announcements reveals that rivals’ performance is negatively affected by negative formal institutional distance between the acquirer and target, but positively affected by negative formal distance between the rival and acquirer. In addition, informal institutional distance between the acquirer and target has positive effect on rivals’ performance—though this effect vanishes for high-status acquirers.</div></div>","PeriodicalId":51357,"journal":{"name":"Journal of World Business","volume":"60 3","pages":"Article 101608"},"PeriodicalIF":8.9,"publicationDate":"2025-01-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142936625","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-11-20DOI: 10.1016/j.jwb.2024.101595
Jinsun Bae , Joonkoo Lee , Sun Wook Chung , Hyunji Kwon
How does a multinational enterprise (MNE) monitor and regulate the working conditions of a multi-tiered global value chain? Literature based on internalization theory focuses on the role of an MNE as the sole regulator, assuming the passivity of suppliers within the chain. We challenge this approach as it is not feasible for a single firm to monitor and regulate hundreds of independent suppliers. We expand on this literature, particularly the cascading governance thesis, by considering suppliers as regulatory intermediaries and addressing the issue of regulatory quality. Through a case study of two Korean multinational first-tier suppliers in the apparel and electronics industries, we find that an MNE, as a lead firm, engages in a more prudent form of cascading governance than originally theorized, maintaining direct audits of sub-suppliers. First-tier suppliers exercised intermediary competence in facilitating the lead firm's cascading governance. However, faced with inconsistent lead firm demands and challenging host country environments, these suppliers had to compromise on regulatory quality and settle on “good-enough” compliance—a level of compliance that poses minimal risk to the firm while allowing them to prioritize production goals—over perfect compliance.
{"title":"Competent suppliers as a missing link: A supplier-centered view on cascading private labor governance in global value chains","authors":"Jinsun Bae , Joonkoo Lee , Sun Wook Chung , Hyunji Kwon","doi":"10.1016/j.jwb.2024.101595","DOIUrl":"10.1016/j.jwb.2024.101595","url":null,"abstract":"<div><div>How does a multinational enterprise (MNE) monitor and regulate the working conditions of a multi-tiered global value chain? Literature based on internalization theory focuses on the role of an MNE as the sole regulator, assuming the passivity of suppliers within the chain. We challenge this approach as it is not feasible for a single firm to monitor and regulate hundreds of independent suppliers. We expand on this literature, particularly the cascading governance thesis, by considering suppliers as regulatory intermediaries and addressing the issue of regulatory quality. Through a case study of two Korean multinational first-tier suppliers in the apparel and electronics industries, we find that an MNE, as a lead firm, engages in a more prudent form of cascading governance than originally theorized, maintaining direct audits of sub-suppliers. First-tier suppliers exercised intermediary competence in facilitating the lead firm's cascading governance. However, faced with inconsistent lead firm demands and challenging host country environments, these suppliers had to compromise on regulatory quality and settle on “good-enough” compliance—a level of compliance that poses minimal risk to the firm while allowing them to prioritize production goals—over perfect compliance.</div></div>","PeriodicalId":51357,"journal":{"name":"Journal of World Business","volume":"60 1","pages":"Article 101595"},"PeriodicalIF":8.9,"publicationDate":"2024-11-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142678499","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-11-18DOI: 10.1016/j.jwb.2024.101597
Eleni Tsougkou , John W. Cadogan , Nathaniel Boso , Ian R. Hodgkinson , João S. Oliveira , Tommi Laukkanen , Nahid Yazdani , Vicky M. Story
There is a lack of consensus on what the international product adaptation (IPA) concept involves, and only a partial understanding of its outcomes. Our analysis of the IPA-performance link uncovers, for the first time, the multidimensional nature of IPA. We show how the operational approaches used to explore IPA change its meaning across studies, demonstrate that IPA has different impacts across performance types, and highlight the range of mechanisms governing IPA's performance relationships. We present a set of issues that need to be accounted for to build a better theory of IPA's performance consequences, and a roadmap for future research.
{"title":"International product adaptation and performance: A systematic analysis of the literature and agenda for future research","authors":"Eleni Tsougkou , John W. Cadogan , Nathaniel Boso , Ian R. Hodgkinson , João S. Oliveira , Tommi Laukkanen , Nahid Yazdani , Vicky M. Story","doi":"10.1016/j.jwb.2024.101597","DOIUrl":"10.1016/j.jwb.2024.101597","url":null,"abstract":"<div><div>There is a lack of consensus on what the international product adaptation (IPA) concept involves, and only a partial understanding of its outcomes. Our analysis of the IPA-performance link uncovers, for the first time, the multidimensional nature of IPA. We show how the operational approaches used to explore IPA change its meaning across studies, demonstrate that IPA has different impacts across performance types, and highlight the range of mechanisms governing IPA's performance relationships. We present a set of issues that need to be accounted for to build a better theory of IPA's performance consequences, and a roadmap for future research.</div></div>","PeriodicalId":51357,"journal":{"name":"Journal of World Business","volume":"60 1","pages":"Article 101597"},"PeriodicalIF":8.9,"publicationDate":"2024-11-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142656647","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-11-11DOI: 10.1016/j.jwb.2024.101596
Rui Hou, Huaichuan Rui
We develop a co-evolutionary decoupling model to explain the decoupling process and its contributors, based on a Chinese bank's dynamic interdependency with the US-led global financial system. This decoupling is the joint outcome of the firm's strategic adaptations in response to economic, institutional, and geopolitical environmental challenges. By incorporating co-evolution and international relations perspectives into international business research, we reveal how and when non-economic environmental factors can decisively hinder a firm's, especially an EMNE's, internationalisation. This study provides new firm-level evidence on the ongoing Sino-US decoupling process, extending our understanding of international business through co-evolution and international relations perspectives.
{"title":"Co-evolutionary decoupling in EMNEs’ internationalisation: A Chinese bank's journey of drifting apart from the US-led global financial system","authors":"Rui Hou, Huaichuan Rui","doi":"10.1016/j.jwb.2024.101596","DOIUrl":"10.1016/j.jwb.2024.101596","url":null,"abstract":"<div><div>We develop a co-evolutionary decoupling model to explain the decoupling process and its contributors, based on a Chinese bank's dynamic interdependency with the US-led global financial system. This decoupling is the joint outcome of the firm's strategic adaptations in response to economic, institutional, and geopolitical environmental challenges. By incorporating co-evolution and international relations perspectives into international business research, we reveal how and when non-economic environmental factors can decisively hinder a firm's, especially an EMNE's, internationalisation. This study provides new firm-level evidence on the ongoing Sino-US decoupling process, extending our understanding of international business through co-evolution and international relations perspectives.</div></div>","PeriodicalId":51357,"journal":{"name":"Journal of World Business","volume":"60 1","pages":"Article 101596"},"PeriodicalIF":8.9,"publicationDate":"2024-11-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142656646","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"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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