Review of International Business and Strategy最新文献

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Taking on the world: the internationalisation of City Football Group 走向世界:城市足球集团的国际化进程
IF 3.1
Review of International Business and Strategy Pub Date : 2023-12-25 DOI: 10.1108/ribs-06-2023-0047
Christopher Richardson
{"title":"Taking on the world: the internationalisation of City Football Group","authors":"Christopher Richardson","doi":"10.1108/ribs-06-2023-0047","DOIUrl":"https://doi.org/10.1108/ribs-06-2023-0047","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>Football is at once both a global sport and one that is defined by fiercely guarded local boundaries. For a firm operating within this highly lucrative industry and with ambitions of establishing a strong international presence for itself, a balance must be struck between riding on the game’s global appeal on the one hand and the need to somehow embed itself within particular local spaces on the other. This study aims to analyse how one such firm, the holding company City Football Group (CFG), is going about achieving this.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>This is a conceptual paper that adopts a broadly inductive approach, building on an extensive analysis of both theoretical research and publicly available secondary data to develop a framework depicting three key strategies associated with CFG’s internationalisation.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>Three factors are identified as being especially pertinent in CFG’s international expansion: the composition of CFG’s top management team; the attempts to establish a unifying “City identity”; and CFG’s forays into more peripheral leagues around the world after having established itself at the “top end” of the game.</p><!--/ Abstract__block -->\u0000<h3>Practical implications</h3>\u0000<p>The framework presented in this paper is particularly oriented towards a practitioner audience. Managers of firms operating in football, as well as in other industries in which the pressure to be both globally integrated and locally responsive is particularly acute, can draw lessons from both the framework and the broader insights presented here on CFG’s global expansion.</p><!--/ Abstract__block -->\u0000<h3>Social implications</h3>\u0000<p>Football is widely regarded as the world’s most popular sport, and fans often take matters very seriously when it comes to the club they support. How football clubs are run is, therefore, a matter of considerable societal interest, as demonstrated by various fan protests over the years. As global, multi-club ownership structures like that adopted by CFG become more commonplace, this study will provide football fans with some insight into the strategies of these companies and how their own clubs fit within these ownership models.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>This study addresses an under-researched topic: the international expansion of a prominent football holding company.</p><!--/ Abstract__block -->","PeriodicalId":45046,"journal":{"name":"Review of International Business and Strategy","volume":"2 1","pages":""},"PeriodicalIF":3.1,"publicationDate":"2023-12-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138824967","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Equity ownership structure and internationalization of firms: the role of international experience of board chairs 股权结构与企业国际化:董事会主席国际经验的作用
IF 3.1
Review of International Business and Strategy Pub Date : 2023-12-20 DOI: 10.1108/ribs-05-2023-0033
Henry Xie, Jane Xie
{"title":"Equity ownership structure and internationalization of firms: the role of international experience of board chairs","authors":"Henry Xie, Jane Xie","doi":"10.1108/ribs-05-2023-0033","DOIUrl":"https://doi.org/10.1108/ribs-05-2023-0033","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>This study aims to investigate the impact of equity ownership structure (i.e. CEO ownership, board chair ownership and institutional ownership) on internationalization of firms. The moderating role of international experience of board chairs is also examined.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>This study uses Compustat-Capital IQ data from Standard &amp;Poor’s. The sample of this study includes 309 US multinational corporations representing different sectors. The parameters were estimated by using the ordinary least squares regression with the SPSS statistical package.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>The finding of this study suggests that CEO ownership and board chair ownership have a significant, positive impact on the degree of internationalization of firms, whereas institutional ownership has a negative impact. The predicted moderating role of international experience of board chairs has found mixed results.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>This study contributes to the literature by taking a holistic approach to examine the impact of equity ownership types (i.e. CEO ownership, board chair ownership and institutional ownership) on firms’ degree of internationalization. To the best of the authors’ knowledge, this research is also the first to investigate the impact of independent board chairs’ equity ownership and international experience on internationalization.</p><!--/ Abstract__block -->","PeriodicalId":45046,"journal":{"name":"Review of International Business and Strategy","volume":"75 1","pages":""},"PeriodicalIF":3.1,"publicationDate":"2023-12-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138741645","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Artisan entrepreneurship: influence and network in the development of sustainable strategies in cross-border low-density territories through a Quintuple Helix paradigm 工匠企业家精神:通过五重螺旋范式在跨境低密度地区可持续战略发展中的影响和网络
IF 3.1
Review of International Business and Strategy Pub Date : 2023-12-06 DOI: 10.1108/ribs-09-2023-0103
Alex Olivier Rodrigues, Carla Susana Marques, Veland Ramadani
{"title":"Artisan entrepreneurship: influence and network in the development of sustainable strategies in cross-border low-density territories through a Quintuple Helix paradigm","authors":"Alex Olivier Rodrigues, Carla Susana Marques, Veland Ramadani","doi":"10.1108/ribs-09-2023-0103","DOIUrl":"https://doi.org/10.1108/ribs-09-2023-0103","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>The purpose of this study is, from the perspective of artisan entrepreneurship (AE), to understand how professional and higher education institutions, local authorities, local and cross-border cultural entities and tourism stakeholders perceive AE by collaborating in a network to develop innovative and sustainable strategies, using the Quintuple Helix innovation model.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>Using a qualitative approach, 34 semi-structured interviews were carried out with organisations by emailing them a Google Form. The organisations interviewed were from the north-east of Portugal (Bragança, Miranda do Douro, Mogadouro, Vimioso and Vinhais) and the north of Spain (Zamora Province). The data collected was subjected to content and lexical analysis using the computerised lexical analysis software IRaMuTeQ.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>AE is seen as the representation of a culture where traditional crafts are the identity of a region. The practical and political implications for decision makers in the Quintuple Helix can be seen in the definition of strategies and proposals that should leverage and define regional and cross-border policies, leveraging the need for networking to define concrete measures and programmes for support and training in entrepreneurship and AE, as well as the creation and/or standardisation of existing support networks.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>To the best of the authors’ knowledge, this work is the first study to address and deal with the issue of AE by understanding how professional and higher education institutions, local authorities, local and cross-border cultural entities perceive AE and collaborate in a network to develop innovative and sustainable strategies, through the paradigm of the Quintuple Helix model. It also combines a content analysis and a lexical analysis using computerised lexical analysis software – IRaMuTeQ.</p><!--/ Abstract__block -->","PeriodicalId":45046,"journal":{"name":"Review of International Business and Strategy","volume":"46 3","pages":""},"PeriodicalIF":3.1,"publicationDate":"2023-12-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138506033","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Pakistan’s export potential assessment at intensive and extensive margins 巴基斯坦密集型和粗放型出口潜力评估
IF 3.1
Review of International Business and Strategy Pub Date : 2023-11-29 DOI: 10.1108/ribs-05-2023-0039
Imtiaz Ahmad, Maha Ahmad, Ghulam Qadir, Asad Khan Afridi
{"title":"Pakistan’s export potential assessment at intensive and extensive margins","authors":"Imtiaz Ahmad, Maha Ahmad, Ghulam Qadir, Asad Khan Afridi","doi":"10.1108/ribs-05-2023-0039","DOIUrl":"https://doi.org/10.1108/ribs-05-2023-0039","url":null,"abstract":"Purpose This study aims to estimate Pakistan’s export potential in new and existing export products, as well as their potential destination markets. Design/methodology/approach This study uses a nonparametric approach based on demand, supply and easiness factors for estimating export potential at disaggregated product and destination levels. Findings A significant number of new export products (extensive margin) and existing products (intensive margin) are identified that have export potential. The estimated unrealized export potential at extensive margins is $2bn and at intensive margins is $5bn. The range of new products included value-added products, semifinished products and intermediate products. Surprisingly, there is high potential to diversify in China and export existing products more intensively in the EU. Moreover, the potential at extensive margins is regional diverse compared to intensive margins. Research limitations/implications The methodology used in this paper only provides export potential for short-to-medium term period because the global demand conditions are varying. Also, the mineral and resource-based products cannot be included in the analysis because their exports are heavily dependent on the availability of natural resources. Practical implications The findings have important policy implications in terms of providing guidelines for government policies related to industrial development, international trade and export promotion at the product and destination level. Overall, the study reveals that traditional sectors lack room for product diversification. As the existing export incentives favor major industries. To foster diversification, existing incentives must be redesigned to cover new products or sectors. Moreover, China has the greatest potential for product diversification, while Europe has the greatest potential to export current products more intensively. Further research is needed to simulate trade policy scenarios and estimate demand, supply and ease factors in export potential. Originality/value This study provides a unique perspective on export potential assessment at disaggregated product and destination levels, reinforcing the importance of redesigning trade policies and export incentives separately for export diversification.","PeriodicalId":45046,"journal":{"name":"Review of International Business and Strategy","volume":"20 1","pages":""},"PeriodicalIF":3.1,"publicationDate":"2023-11-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139214830","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Export performance and international resources and capabilities: a quantitative study on born globals 出口绩效与国际资源和能力:对天生全球化者的定量研究
Review of International Business and Strategy Pub Date : 2023-10-23 DOI: 10.1108/ribs-06-2023-0064
Dafnis N. Coudounaris, Peter Björk
{"title":"Export performance and international resources and capabilities: a quantitative study on born globals","authors":"Dafnis N. Coudounaris, Peter Björk","doi":"10.1108/ribs-06-2023-0064","DOIUrl":"https://doi.org/10.1108/ribs-06-2023-0064","url":null,"abstract":"Purpose This paper aims to investigate the internal factors of resources and capabilities of five born globals (BGs) from Estonia. It explores quantitatively the internal factors between a medium BG and four small BGs. Design/methodology/approach The study used a survey questionnaire in collecting information from the CEOs of BGs. The questionnaire consisted of 105 questions relevant to export sales related to differences in internal factors. Findings The firms’ size and industrial sector play a role in export sales due to differences in internal factors. Small BGs expect financially based rewards, non-financial rewards, the job satisfaction of sales representatives with the export manager, and with work in general, and the representatives’ job satisfaction is higher in the small BGs than in the medium BG. The sales representatives’ job performance, their work performance, sales presentations, technical knowledge, adaptiveness, teamwork, planning, support, the organisational capabilities for business identification, relationship-building and innovation are all higher in medium BGs than in small BGs. Eleven sub-constructs of the model were shown to be important for small BGs. Originality/value The current study is focused on BGs from Estonia, i.e. small BGs and medium BGs. The study contributes to the internal factors of resources and capabilities of BGs as well as to the literature review on BGs. It also provides a logical conceptual model, indicating that the export manager’s job satisfaction is the central construct influenced by antecedent factors and is related directly to the export sales performance of the BG.","PeriodicalId":45046,"journal":{"name":"Review of International Business and Strategy","volume":"52 10","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135365856","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
As an emerging market Turkish culture’s quest to be positioned on Meyer’s cultural map 作为一个新兴市场,土耳其文化寻求在迈耶的文化地图上定位
Review of International Business and Strategy Pub Date : 2023-09-14 DOI: 10.1108/ribs-03-2023-0023
Mustafa Abdül Metin Dinçer, Mustafa Yıldırım, Esra Dil
{"title":"As an emerging market Turkish culture’s quest to be positioned on Meyer’s cultural map","authors":"Mustafa Abdül Metin Dinçer, Mustafa Yıldırım, Esra Dil","doi":"10.1108/ribs-03-2023-0023","DOIUrl":"https://doi.org/10.1108/ribs-03-2023-0023","url":null,"abstract":"Purpose This study aims to reveal Türkiye's place on the global cultural map through eight dimensions compared to other countries with the help of these two subresearch questions: “Where is Türkiye positioned on Meyer's map, and how is the positioning when country groups are taken into account?”. Design/methodology/approach This issue is considered necessary regarding the country’s business culture, which is an emerging market. For this, 17 senior executives engaged in international trade activities were selected as cases. The eight dimensions of Erin Meyer’s culture map were analyzed by considering the interview data obtained from the executives. Findings As a result of the analysis, it was determined that Türkiye is in a position that can be called an east–west synthesis in terms of culture, even though it is geographically evaluated within MENA and that it is located close to the middle of the continuum axis on the basis of almost all dimensions. However, the three dimensions out of eight – communication, deciding and trusting – are relatively far from the middle. The authors believe that this situation is closely related to Türkiye’s unique historical characteristics. Research limitations/implications The placement of the nations on a cultural map may be useful for practitioners. By looking at the relative position on this map and taking it into consideration while building connections and negotiating, for instance, businesses and policymakers who wish to enhance their ties with Türkiye can be aware of the distinctions between their own countries and Türkiye. The inhibiting nature of qualitative research prevents generalization; however, much bigger data set may be used for a comparable approach. Further research can be done to solve this issue because the cases under examination do not permit comparisons specific to the American continent. Originality/value The theoretical contribution of this study lies in its focused revelation of Turkey’s cultural positioning within the context of emerging markets. Positioning the countries on the cultural map can provide some convenience to the practitioners. Türkiye is a crucial clustering center when global production is considered. This opens the country to contact other cultures and enables intercultural transfer and learning.","PeriodicalId":45046,"journal":{"name":"Review of International Business and Strategy","volume":"12 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135488755","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The antecedents and outcome of foreign direct divestment for developing economies 发展中经济体的外国直接撤资的前奏和结果
IF 3.1
Review of International Business and Strategy Pub Date : 2023-09-08 DOI: 10.1108/ribs-06-2023-0061
Ebrahim Merza, Omar Alhussainan
{"title":"The antecedents and outcome of foreign direct divestment for developing economies","authors":"Ebrahim Merza, Omar Alhussainan","doi":"10.1108/ribs-06-2023-0061","DOIUrl":"https://doi.org/10.1108/ribs-06-2023-0061","url":null,"abstract":"\u0000Purpose\u0000This paper aims to investigate the drivers of foreign direct divestment (FDD), how it relates to foreign direct investment (FDI) flows and stocks and its implications for developing countries. While divestment occurs for various reasons, it can be explained by reversing the propositions implied by FDI theories.\u0000\u0000\u0000Design/methodology/approach\u0000The authors combine FDI data and FDI theories to provide theoretical explanations for FDD and what it means for developing countries. FDI stock and flow data are used to derive inferences on trends in FDD and examine the implications of FDI theories on FDD.\u0000\u0000\u0000Findings\u0000Changes in the modes of global production and the rise of COVID-19 have reinforced the trend of stagnant or diminishing FDI flows observed since the global financial crisis, with implications for FDD. The authors demonstrate how the various FDI theories can be used to explain FDD, except for the currency areas hypothesis. By reviewing the costs and benefits of FDI, it is concluded that shrinking FDI flows and stocks may not be as detrimental for developing economies as it is typically portrayed.\u0000\u0000\u0000Originality/value\u0000The paper uses two original approaches to measure and explain the motives for FDD. The first is a reassessment of FDI theories in a way that makes them valid theories for FDD. The second original approach is to interpret data on FDI flows and stocks to imply the trends governing FDD, which is useful, as data on foreign divestment are not available on a country or regional basis.\u0000","PeriodicalId":45046,"journal":{"name":"Review of International Business and Strategy","volume":" ","pages":""},"PeriodicalIF":3.1,"publicationDate":"2023-09-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45200120","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Social media adoption and export intensity: the moderating role of firm size 社交媒体的采用和出口强度:企业规模的调节作用
IF 3.1
Review of International Business and Strategy Pub Date : 2023-09-06 DOI: 10.1108/ribs-02-2023-0016
Zelha Altinkaya, Mustafa Kemal Yilmaz, Mine Aksoy, Zekeriya Oguz Secme
{"title":"Social media adoption and export intensity: the moderating role of firm size","authors":"Zelha Altinkaya, Mustafa Kemal Yilmaz, Mine Aksoy, Zekeriya Oguz Secme","doi":"10.1108/ribs-02-2023-0016","DOIUrl":"https://doi.org/10.1108/ribs-02-2023-0016","url":null,"abstract":"\u0000Purpose\u0000Social media (SM) networks offer a golden opportunity for firms that particularly engage in international activities to set up sustainable customer relationships and improve competitiveness. The purpose of this study is to examine the influence of SM adoption on the export intensity (EI) of firms listed on Borsa Istanbul (BIST) for the years 2010–2020. The authors use social media index (SMI) to measure SM adoption and firm size (FSize) as a moderator on exploring the interaction of SM and EI.\u0000\u0000\u0000Design/methodology/approach\u0000Using a sample of 150 firms listed on the BIST Industrials Index, this study explores how the adoption of SM affects EI by using panel data analysis over the period of 2010–2020.\u0000\u0000\u0000Findings\u0000The results indicate that the SMI has a positive and significant effect on the EI. FSize positively moderates the interaction of SMI and EI, indicating that large firms benefit more from the SM in increasing export performance. The findings reflect high potential of EI improvement through adopting right SM policies in emerging markets.\u0000\u0000\u0000Research limitations/implications\u0000The sample covers only public companies listed on the BIST Industrials Index. Future studies may extend the coverage and include multiple emerging markets to draw generalized results for the export-oriented firms. This research also analyzes solely four SM networks, i.e. Facebook, Instagram, Twitter and YouTube. However, there are many other SM networks that firms use in online marketing in foreign markets. Finally, this research did not discuss the potential factors that could influence the use of SM in emerging market firms.\u0000\u0000\u0000Practical implications\u0000This study denotes the significant role of SM adoption on the EI of firms in an emerging market setting from the perspective of resource-based view. It presents an insightful approach in understanding the mission played by SM networks in enhancing the EI of Turkish firms. Policymakers may use the findings to develop public support programs to promote the adoption and implementation of the SM among exporting firms in emerging markets.\u0000\u0000\u0000Originality/value\u0000The study provides evidence on the effects of SM adoption on the EI from the perspective of emerging countries. It also helps to gain a deeper understanding of how different SM platforms contribute to the internationalization of firms.\u0000","PeriodicalId":45046,"journal":{"name":"Review of International Business and Strategy","volume":" ","pages":""},"PeriodicalIF":3.1,"publicationDate":"2023-09-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46721867","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Exploring the link between home country attributes and firms' internationalisation: evidence from GEDI and WEF data 探索母国属性与企业国际化之间的联系:来自GEDI和WEF数据的证据
IF 3.1
Review of International Business and Strategy Pub Date : 2023-08-18 DOI: 10.1108/ribs-03-2023-0018
T. Ndofirepi
{"title":"Exploring the link between home country attributes and firms' internationalisation: evidence from GEDI and WEF data","authors":"T. Ndofirepi","doi":"10.1108/ribs-03-2023-0018","DOIUrl":"https://doi.org/10.1108/ribs-03-2023-0018","url":null,"abstract":"\u0000Purpose\u0000This study aims to examine the degree to which a selection of home country factors affects the proclivity of firms to internationalise. The study also proposes and tests a conceptual model that fuses institutional and resource-based theories to improve our understanding of firm internationalisation.\u0000\u0000\u0000Design/methodology/approach\u0000The study uses cross-sectional, national-level secondary data from the 2018 Global Entrepreneurship Development Institute and World Economic Forum data sets on global entrepreneurship and competitiveness indices for 137 countries. The data is analysed using correlation and hierarchical regression analysis to test the hypotheses.\u0000\u0000\u0000Findings\u0000The results indicate that national income, institutions, trade openness and availability of risk capital positively influenced firm internationalisation, while home-country networking had an inverse effect. However, home country infrastructure had no statistically significant effect on firm internationalisation.\u0000\u0000\u0000Research limitations/implications\u0000The findings highlight the importance of considering home country attributes in understanding the internationalisation of firms.\u0000\u0000\u0000Originality/value\u0000This study contributes to the body of knowledge by providing empirical evidence of the role of local factors on the internationalisation of entrepreneurial ventures. It also tests a novel conceptual model that integrates institutional and resource-based theories to explain the nuances of the internationalisation of business ventures globally.\u0000","PeriodicalId":45046,"journal":{"name":"Review of International Business and Strategy","volume":" ","pages":""},"PeriodicalIF":3.1,"publicationDate":"2023-08-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46261165","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Performance of cross-border acquirers from India and China: its sustainability in the long-run? 印度和中国跨境收购商的业绩:其长期可持续性?
IF 3.1
Review of International Business and Strategy Pub Date : 2023-06-29 DOI: 10.1108/ribs-01-2023-0002
Samta Jain, Smita Kashiramka, P. K. Jain
{"title":"Performance of cross-border acquirers from India and China: its sustainability in the long-run?","authors":"Samta Jain, Smita Kashiramka, P. K. Jain","doi":"10.1108/ribs-01-2023-0002","DOIUrl":"https://doi.org/10.1108/ribs-01-2023-0002","url":null,"abstract":"\u0000Purpose\u0000Emerging market multinational companies have been vigorous in pursuing inorganic growth through cross-border acquisitions (CBAs). The fundamental studies till now have portrayed that rapid internationalization through CBAs tends to create value for these emerging market firms (EMFs) in the short term. However, there is an ambiguity about whether these firms endure better performance in the long term. The purpose of this study is to assess the long-term (ex-post) financial and operating performance of EMFs involved in overseas acquisitions before the COVID-19 pandemic hit the world economy.\u0000\u0000\u0000Design/methodology/approach\u0000CBAs completed by Indian and Chinese companies constitute the sample of the study. The performance has been analysed during the pre-COVID period spanning 17 years from 2001 to 2017. A comprehensive set of 14 financial ratios has been used to represent change (improvement/decline) in enterprises’ post-acquisition operating performance; these ratios have been divided into four broad groups: profitability, efficiency, solvency and liquidity ratios.\u0000\u0000\u0000Findings\u0000The performance of Indian companies has deteriorated significantly after the acquisition. However, there has been no change (deterioration/improvement), subsequent to CBAs, in the profitability of Chinese firms.\u0000\u0000\u0000Practical implications\u0000The findings of the study support that firms from emerging economies exploit CBAs as a “springboard” to obtain strategic assets including intangible resources and brands rather than to achieve synergies through economies of scale and scope. Apparently, outbound acquisitions by emerging economy firms are not driven by cost-reduction or revenue-generation activities.\u0000\u0000\u0000Originality/value\u0000None of the studies, to the best knowledge of the authors, has carried out performance analysis using a comprehensive set of financial ratios. The comparative study of two emerging economies is another valuable addition to the existing literature. The study holds the potential to serve as the benchmark to assess the performance of CBAs executed after COVID-19.\u0000","PeriodicalId":45046,"journal":{"name":"Review of International Business and Strategy","volume":" ","pages":""},"PeriodicalIF":3.1,"publicationDate":"2023-06-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45073026","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
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