Contemporary Issues in International Business (eBook)

Institutions, Strategy and Performance

Davide Castellani, Rajneesh Narula, Quyen T. K. Nguyen, Irina Surdu, James T. Walker (Herausgeber)

eBook Download: PDF

2018 | 1st ed. 2018
XX, 324 Seiten
Springer International Publishing (Verlag)
978-3-319-70220-9 (ISBN)

Infos

The ACADEMY OF INTERNATIONAL BUSINESS (UK and Ireland Chapter)
Published in association with the UK and Ireland Chapter of the Academy of International Business.

This brand new edited collection addresses the growing uncertainty and socio-economic challenges of globalisation and its profound implications for the strategies and operations of multinational enterprises (MNEs). Responding to the new balance in international business, the authors offer valuable insights into the co-evolutionary processes involved in headquarters-subsidiary relationships, the need for novel strategies by MNEs to retain competitive advantage, improve performance and contribute to the global economy.

Davide Castellani is Professor of International Business at the Henley Business School, University of Reading, UK.

Rajneesh Narula is Professor of International Business Regulation and the John H. Dunning Chair of International Business at the Henley Business School, University of Reading, UK.

Quyen T.K. Nguyen is Associate Professor of International Business and Strategy at the Henley Business School, University of Reading, UK.

Irina Surdu is Lecturer of Strategy and International Business at the Henley Business School, University of Reading, UK.

James T. Walker is Professor of International Business and Head of International Business and Strategy at the Henley Business School, University of Reading, UK.

Inhalt

Acknowledgements 6
Contents 8
Editors and Contributors 11
List of Figures 17
List of Tables 19
1 No Longer at Ease in the Old Dispensation: Reappraising the Role of International Business in the World Economy 21
The Background to This Volume 21
Contributions to This Volume 24
Institutions and International Business Strategy 24
Institutions, Emerging Markets and Economic Performance 26
Headquarter-Subsidiaries Relations 27
Location Decisions and MNEs Performance 29
Part I Institutions and International Business Strategy 31
2 Multinationals, Corporate Social Responsibility and Regional Change in Transition Economies 32
Introduction 32
Economic Development in Emerging Economies—An IB Perspective 34
MNEs and Industrial Upgrading in Emerging Economies 35
MNEs, CSR and Development in Emerging Economies 36
Economic Development in Emerging Economies—A Geographical Perspective 38
Institutions, Institutional Change and Regional Economic Development 38
University–Industry Linkages and Regional Economic Development 39
The CSR-RIU Model 40
Global CSR Certificates and Regional Institutional Change 43
The Formation of UVILs: Institutional Entrepreneurship Through Local CSR 44
Conclusion and Outlook 46
References 48
3 International Business and Corporate Wrongdoing: A Review and Research Agenda 53
Introduction 53
Corporate Wrongdoing in Management Research 55
A Brief Overview of the Literature 55
Corporate Wrongdoing: Definitions and Measurement Issues 57
IB Research and MNCs’ Wrongdoing 59
Unaddressed Questions and Future Research Directions 64
References 67
4 The Internationalisation of Ventures: The Roles of a Nation’s Institutions and the Venture’s Value Orientation 72
Introduction 72
Theoretical Framework and Hypothesis Development 75
A Nation’s Formal and Informal Institutions and the Likelihood of Venture Internationalisation 75
The Venture’s Value Orientation and Its Likelihood of Internationalisation 77
Methodology 79
Data 79
Dependent Variable: International Ventures vs. Domestic Ventures 80
Independent Variables: Formal and Informal Institutions 80
Venture Value Orientation: Socially Oriented vs. Profit-Oriented 82
Control Variables 82
Model 84
Results 84
Discussion 86
Formal Institutions and Venture Internationalisation 86
Informal Institutions and Venture Internationalisation 86
Social Value Orientation and Venture Internationalisation 87
Conclusions 88
References 89
Part II Institutions, Emerging Markets and Economic Performance 93
5 Global Security Risks, Emerging Markets and Firm Responses: Assessing the Impact of Terrorism 94
Introduction 94
Firm Performance, Terrorism and EMNEs 96
Firm Performance 96
Terrorism 97
Theoretical Justification for Examining the Intersection Between EMNEs and Terrorism 99
EMNES and Firm Performance in Dangerous Locations 99
Contextual Evidence from Mexico 102
The Terrorism Threat 102
Firm Responses and Performance: The Case of Grupo Carso 103
Discussion and Conclusion 104
References 107
6 Institutions, Economic Growth and International Competitiveness: A Regional Study 113
Introduction 113
Institutions, Competitiveness and Economic Performance: Definition of Concepts 115
Political Institutions 116
Economic Institutions 117
Institutions and International Competitiveness 118
Institutions and Economic Growth 119
Reviewing Economic Performance and Foreign Investment in the Caribbean Region: Rationale for This Study 120
Methodology 123
Results on Variance in the Caribbean Region’s Economic Performance 123
The Effect of Institutional Quality on Economic Performance 125
Discussion and Conclusions 130
References 135
7 The Complementarity of Foreign and Domestic Investments by Emerging-Market Multinationals 139
Introduction 139
The Impact of Foreign Direct Investment on Domestic Investment 141
Complements: Foreign Investment has a Positive Impact on Domestic Investment 148
Substitutes: Foreign Investment has a Negative Impact on Domestic Investment 148
Inconclusive: Foreign Investment has an Unclear Influence on Domestic Investment 149
The Impact of Foreign Direct Investment on Domestic Investment by Emerging-Market Firms 150
The Complementarity of Foreign and Domestic Investment by Emerging-Market Multinationals 151
Research Design 153
Results 156
Conclusion 158
References 162
Part III HQ-Subsidiaries Relations 165
8 The Dynamics of Differentiation: The Resource Bases of Development and the Roles of MNE Subsidiaries 166
Introduction 166
Levels of Developmental Resources 167
Developmental Resources and the Strategic Diversity of MNEs 169
Conclusion 178
References 182
9 Unfolding the Intra-organisational Perception Gap in Decision-Making 184
Introduction 184
Literature Review and Conceptual Development 186
Evolution of the MNE and Decision-Making 186
Methodology 190
Data Description 190
Questionnaire Design 192
Data Analysis and Results 193
Discussion and Conclusion 197
Limitations and Recommendations 198
References 199
10 Strategy Creativity in Multinational Subsidiaries 203
Introduction 203
Theoretical Background 205
Strategy in Multinational Subsidiaries 205
Strategy Creativity 206
Subsidiary CEO Entrepreneurial Self-efficacy 206
Strategic Learning Capability 207
Strategic Autonomy 208
Strategic Capabilities 209
Data and Methods 209
Independent Variables 210
Strategic Learning Capability 210
Strategic Autonomy 210
Strategic Capabilities 210
Dependent Variable 211
Strategy Creativity 211
Mediating Variable 211
Subsidiary CEO Entrepreneurial Self-efficacy 211
Control Variables 211
Descriptive Statistics and Statistical Safeguards 212
Data Analysis 212
Results 214
Discussion 216
Implications for Practice 217
Limitations and Implications for Future Research 217
References 218
11 Subsidiary Combinative Capability for Knowledge Creation as a Co-evolutionary Development Process 223
Introduction 223
Conceptual Background: The Janus-Faced Subsidiary 225
The Janus-Faced Subsidiary: Allegiance to Internal and External Networks 225
The Combinative Capability of the Janus-Faced Subsidiary 227
The Combinative Capability of Competence Creators Versus Competence Exploiters 229
Towards a Research Agenda 231
Discussion and Conclusions 233
References 236
Part IV Location Decisions and MNEs Performance 242
12 Establishing How MNCs Are Defined: A Response to the Regional/Global Debate 243
Introduction 243
Literature Review 244
Regionalisation Versus Globalisation 244
Regionalisation 244
Globalisation 246
Methodology Employed 249
Variables Selected 249
Data 250
Classification Methods and Definitions 251
Summary of Models 251
Results 251
Concluding Remarks 255
References 257
13 Outward FDI from South Korea: The Relationship Between National Investment Position and Location Choice 260
Introduction 260
Revisiting the IDC Perspective: The Case of South Korean Outward FDI Development 263
South Korean Outward FDI Motives: An Integrated Model 267
Evolution of FDI and the Changing Internationalisation Strategies of South Korean MNEs 271
South Korean Outward FDI Location Choices by Industry and FDI Motives 275
Discussion and Conclusions 279
References 281
14 Does It Pay to Be International? Evidence from Industrial District Firms 285
Introduction 285
Theoretical Framework 287
Offshoring, Manufacturing, and Organisation of the Value Chain 287
Local and Global Location Strategies of Industrial District Firms 289
Data and Methodology 289
Results 291
Discussion and Conclusion 296
References 300
15 Firm Diversification and Financial Performance: Evidence from Manufacturing Firms Worldwide 305
Introduction 305
Literature Review and Hypotheses Development 307
The Joint Effect of Product and International Diversification on Firm Performance 307
High-tech Versus Low-tech Sector Context 310
Emerging Versus Developed Country Context 311
Data 313
Empirical Specification 313
Descriptive Statistics 315
Regression Results 315
Discussion and Conclusion 319
References 320
Index 324

Produkt-Details

• Erscheint lt. Verlag: 14.2.2018
• Reihe/Serie: The Academy of International Business
• Reihe/Serie: The Academy of International Business
• Zusatzinfo: XX, 324 p. 17 illus.
• Verlagsort: Cham
• Sprache: englisch
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Unternehmensführung / Management
• Schlagworte: Global Economy • Globalization • International business • mnes • Socio-Economic Challenges • Strategy
• ISBN-10: 3-319-70220-3 / 3319702203
• ISBN-13: 978-3-319-70220-9 / 9783319702209