Should we stay or should we exit? Dilemmas faced by multinationals under sanctioned regimes

IF 8.9 1区 管理学 Q1 BUSINESS
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Abstract

This study investigates how multinational enterprises (MNEs) navigate sanctioned regimes using the Myanmar context following a 2021 military coup. We find that without formal institutional pressures, MNEs exit voluntarily due to informal stakeholder pressures. However, such exits are often considered irresponsible as MNEs transfer assets to unethical buyers or the sanctioned regime, thus potentially worsening the human rights conditions. We provide eight propositions that define a responsible exit from a sanctioned regime. This study offers insights into the multifaceted nature of strategic exits thus articulating ethical dilemmas faced when exiting from foreign markets amid sanctions-induced challenges, real or perceived. This study proposes a framework outlining the interplay between formal and informal institutional pressures placed on MNEs in sanctioned regimes, thus theoretically contributing to the institution-based view by highlighting legitimacy concerns and reputational management strategies employed by MNEs.

我们应该留下还是退出?受制裁制度下跨国公司面临的困境
本研究以 2021 年缅甸军事政变为背景,探讨了跨国企业(MNE)如何驾驭受制裁的制度。我们发现,在没有正式制度压力的情况下,跨国企业会迫于非正式利益相关者的压力而自愿退出。然而,这种退出往往被认为是不负责任的,因为跨国企业会将资产转移给不道德的买家或受制裁的政权,从而可能导致人权状况恶化。我们提出了八项主张,对负责任地退出受制裁制度进行了定义。本研究深入探讨了战略退出的多面性,从而阐明了在退出外国市场时,面对制裁引发的实际或感知挑战所面临的道德困境。本研究提出了一个框架,概述了在制裁制度下对跨国企业施加的正式和非正式制度压力之间的相互作用,从而通过强调跨国企业采用的合法性关切和声誉管理策略,从理论上为基于制度的观点做出了贡献。
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来源期刊
CiteScore
16.50
自引率
11.20%
发文量
73
期刊介绍: The Journal of World Business holds a distinguished position as a leading publication within the realm of International Business. Rooted in a legacy dating back to 1965, when it was established as the Columbia Journal of World Business, JWB is committed to disseminating cutting-edge research that reflects significant advancements in the field. The journal actively seeks submissions that propel new theoretical frameworks and innovative perspectives on International Business phenomena. Aligned with its domain statement, submissions are expected to possess a clear multinational, cross-border, or international comparative focus, while remaining pertinent to the study of management and organizations. JWB particularly encourages submissions that challenge established theories or assumptions, presenting pioneering or counterintuitive findings. With an inclusive approach, the journal welcomes contributions from diverse conceptual and theoretical traditions, encompassing allied social sciences and behavioral sciences. Submissions should either develop new theories or rigorously test existing ones, employing a variety of qualitative, quantitative, or other methodological approaches. While JWB primarily caters to scholars and researchers, it values contributions that explore implications for Multinational Enterprises and their management, as well as ramifications for public policy and the broader societal role of business.
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