Co-evolutionary decoupling in EMNEs’ internationalisation: A Chinese bank's journey of drifting apart from the US-led global financial system

IF 8.9 1区管理学 Q1 BUSINESS

Journal of World Business Pub Date : 2024-11-11 DOI:10.1016/j.jwb.2024.101596

Rui Hou, Huaichuan Rui

引用次数: 0

Abstract

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.

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新兴市场国家国际化过程中的共同演化脱钩：一家中国银行与美国主导的全球金融体系渐行渐远的历程

我们以一家中国银行与美国主导的全球金融体系的动态相互依存关系为基础，建立了一个共同演化的脱钩模型来解释脱钩过程及其促成因素。这种脱钩是该公司为应对经济、制度和地缘政治环境挑战而进行战略调整的共同结果。通过将共同演化和国际关系视角纳入国际商业研究，我们揭示了非经济环境因素如何以及何时会决定性地阻碍企业（尤其是新兴市场企业）的国际化。本研究为正在进行的中美脱钩进程提供了新的企业层面的证据，通过共同演化和国际关系视角扩展了我们对国际商业的理解。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of World Business BUSINESS-

CiteScore

16.50

自引率

11.20%

发文量

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.