Asia Pacific Journal of Management最新文献

The Asia Pacific Journal of Management (APJM) has been instrumental in advancing management research specific to the Asia-Pacific region for four decades. This article underscores the importance of leveraging the unique contextual features of the Asia-Pacific region to enrich and refine management theories. Traditional management theories, often rooted in Western contexts, may not fully capture the complexities of the Asia-Pacific region’s diverse and dynamic environment. The article highlights the need for context-specific research that considers the region’s economic, institutional, and cultural diversity. It calls for a deeper exploration of under-researched areas of management. By contextualizing existing theories and developing new ones grounded in the Asia-Pacific context, the Asia Pacific Journal of Management aims to provide valuable insights for both scholars and practitioners. The editorial also outlines the journal’s vision to promote diverse perspectives, encourage submissions from underrepresented contexts, and celebrate contributions that significantly advance the understanding of management in the Asia-Pacific region.

This paper joins the festivities that celebrate Professor Yadong Luo’s winning of the Academy of Management International Management Division (AOM IMD) Hyundai Motor Eminent Scholar Award. We address three crucial questions: (1) What do we know from Luo’s three decades of research? (2) How can he achieve sustained high-impact research? (3) What lessons can we learn from his scholarship? Deploying artificial intelligence (AI) to help make sense of Luo’s prolific and influential research, we find that his scholarship excels in both quantity and quality, expanding the boundaries in international business (IB) and international management (IM) research through his conceptual and empirical exploration of a broad range of topics. A trailblazing scholar bridging East and West, Luo has been a pioneer in reframing traditional West-based IB/IM concepts in East-based contexts centered on emerging markets. Asserting influence beyond his own field, he has successfully exported some IB/IM research to other disciplines. Critical lessons from his scholarship include: (1) Passion, dedication, and focus are a must. (2) Attention to reality and continuous learning drive success. (3) Open perspectives allow for better engagement with new phenomena.

Researchers have widely acknowledged entrepreneurial alertness (EA) as one of the most influential aspects of the key concept of opportunity recognition. Systematic literature reviews and meta-analysis have demonstrated quite unambiguously that alertness leads to entrepreneurial actions, which facilitates the overall entrepreneurial process. In this paper, we provide an overview of the extant research on EA. We also introduce the seven new papers included in this special issue of Asia Pacific Journal of Management on entrepreneurial alertness. These manuscripts offer a broad range of novel insights into the conceptualization, measurement, and nomological network of, as well as the antecedents and consequences of, EA in the context of the Asia Pacific region. We also discuss common themes and directions for future research on EA.

This article examines Yadong Luo’s recent contributions to the study of geopolitics and international business and offers directions for future research. At the heart of Luo’s scholarship lies the concept of fragmented globalization, which underscores the transition from a liberal, rules-based multilateral order to a fragmented global landscape shaped by nationalistic interventionism, techno-nationalism, and pragmatic inclusivity. I explore Luo’s assertion that fragmented globalization represents a paradigm shift in international business, necessitating a renewed focus on the political dimensions of the field. I also discuss how Luo’s research helps inform the development of a business-grounded perspective on international business policy.

Multinational platforms (MNPs), such as TikTok, Grab, and Airbnb, are facing significant legitimacy challenges in foreign markets. While some of these challenges are similar to those experienced by conventional multinational enterprises (MNEs), the platform-based business models of MNPs, which create value primarily through networks of external users and complementors, rather than through hierarchically controlled foreign subsidiaries, lead to unique legitimacy challenges and open up novel strategies for overcoming them. We explore how MNPs can leverage legitimacy spillovers from their complementors to overcome legitimacy challenges and establish credibility in new markets. We propose that effective governance and strategic management of complementor relationships can significantly enhance MNPs’ legitimacy across diverse institutional contexts. Our findings contribute to the literature on digital platform internationalization, offering new insights and strategic tools for MNP managers to navigate the complex global landscape.

This article reflects on the author’s academic journey, culminating in the AOM Hyundai Motor Eminent Scholar Award. Guided by two sets of PHD principles—Passion, Humility, Dedication and Purpose, Horizon, Diversity—the author underscores how these values shape our scholarly contributions. The NICE framework (Navigational, Insightful, Cooperative, and Engaged) is introduced to characterize impactful scholarship, advocating for a blend of theoretical rigor, collaborative engagement, and societal relevance. Emphasizing the evolving landscape of globalization, the article calls for international business and management scholars to address new challenges, such as fragmented geopolitics and the strategic reorientation of global businesses, to advance the field in today’s complex global environment.

The final judgment on the relationship between corporate social responsibility (CSR) and idiosyncratic risk (IR, a key financial indicator) is yet to come. To resolve the contradictory findings of existing CSR–IR relationship studies, the study proposed a conceptual framework for the contingent role of opportunity cost in the relationship between CSR and IR. Using 23,019 firm-year observations of Chinese listed firms covering 3,193 firms, we discovered that CSR reduces IR. Moreover, we investigated the moderating effect of two crucial determinants on the opportunity cost of resource allocation: non-scale free resources and demand conditions. In particular, we found that firms with more non-scale free resources derive more IR-reduction benefits from CSR, while firms facing a high-demand product market gain less IR-reduction from CSR. Our results contribute to a greater comprehension of both the costs and benefits of CSR among scholars, managers, and investors.

While firm digitalization has significantly shaped business conduct and performance, our understanding of how it affects firms’ engagement with social issues such as poverty alleviation remains underdeveloped. Drawing on information processing theory, we propose that digitalization empowers firms to undertake poverty alleviation responsibilities by enhancing their information processing capabilities. We further develop an integrative framework that highlights the synergetic effects between institutional pressures and firm capability portfolios. We argue that the positive impact of firm digitalization is stronger when institutional pressures are presented (i.e., government intervention and state ownership) and when firms possess complementary capabilities (i.e., innovation capability and operational flexibility). The results of our analysis of 2015–2020 panel data on Chinese listed firms provide strong support for our hypotheses. Overall, this study provides a capability-based view for the poverty alleviation research and informs policymakers a fresh new way to foster firms’ engagement in poverty alleviation.