{"title":"The Effect of Global Value Chain Governance on Organizational Resilience: A Configurational Approach","authors":"Yun Song, Hui Sun, Ruiqiu Zhang","doi":"10.1002/tie.22439","DOIUrl":"https://doi.org/10.1002/tie.22439","url":null,"abstract":"<div>\u0000 \u0000 <p>In the current VUCA (Volatility, Uncertainty, Complexity, and Ambiguity) global environment, how Chinese manufacturing enterprises embedded in global value chains (GVCs) can enhance organizational resilience through governance is an important issue that urgently requires attention. This study adopts a configurational perspective, employing fuzzy-set qualitative comparative analysis (fsQCA) and necessary condition analysis (NCA) to examine the pathways through which six antecedent conditions—spanning three dimensions: GVC structural governance, GVC managerial governance, and industry dynamism—affect organizational resilience. The results indicate that digital platform integration, digital platform reconfiguration, supplier integration, customer integration, technological dynamism, and market dynamism do not serve as necessary conditions for enhancing organizational resilience. The study identifies six distinct configurations that contribute to organizational resilience, revealing a “convergent” effect. These configurations can be classified into four categories: “structural-managerial governance synergy-driven,” “market dynamism-oriented,” “technological dynamism-oriented,” and “structural governance-driven.” Additionally, one configuration was found to result in lower organizational resilience, primarily due to ineffective coordination between GVC structural governance and managerial governance. These findings offer a deeper understanding of the complex interactions between various factors influencing organizational resilience, providing both theoretical insights and practical guidance for firms seeking to strengthen their organizational resilience.</p>\u0000 </div>","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"67 4","pages":"513-530"},"PeriodicalIF":2.2,"publicationDate":"2025-05-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144191048","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}
Erik Alves, Sérgio Fernando Loureiro Rezende, Katia M. Galdino, Ângela França Versiani
{"title":"Foundational and Supporting Uncertainties in EMNE Internationalization: A Holistic View","authors":"Erik Alves, Sérgio Fernando Loureiro Rezende, Katia M. Galdino, Ângela França Versiani","doi":"10.1002/tie.22440","DOIUrl":"https://doi.org/10.1002/tie.22440","url":null,"abstract":"<div>\u0000 \u0000 <p>This study analyzes how EMNEs respond to uncertainty types throughout internationalization, investigating how entry and post-entry modes change given several external sources of uncertainty. It relies on a process-based, embedded case study of an EMNE's internationalization process, using backward-looking data to analyze its entry and post-entry moves in other emerging markets. We found that the researched firm did not respond to an uncertainty type in isolation but considered multiple types of uncertainty during internationalization, doing so holistically. These uncertainties were categorized into foundational and supporting. Whereas the former is a baseline uncertainty, the latter is a moderating uncertainty. The association between foundational and supporting uncertainties and entry and post-entry moves in foreign markets originates three international paths. These results generate guidelines on how to internationalize in highly uncertain emerging markets.</p>\u0000 </div>","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"67 4","pages":"499-511"},"PeriodicalIF":2.2,"publicationDate":"2025-05-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144190888","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}
{"title":"The Role of Globalization in Entrepreneurial Development and Unemployment: A Comparative Study of South Africa and the United Kingdom","authors":"Karikari Amoa-Gyarteng, Shepherd Dhliwayo","doi":"10.1002/tie.22438","DOIUrl":"https://doi.org/10.1002/tie.22438","url":null,"abstract":"<p>This study examines how institutional conditions influence entrepreneurial activity in South Africa and the United Kingdom. It investigates how globalization fosters or constrains new business formation and the growth of established businesses. Using hierarchical regression analysis, the study analyzes panel data from 2001 to 2020 to assess the effects of globalization on early-stage and established entrepreneurship and its impact on unemployment. The Sobel test is applied to determine whether entrepreneurial activity mediates the relationship between globalization and unemployment. The findings show that in the United Kingdom, globalization supports both early-stage and established entrepreneurship, contributing to lower unemployment. In South Africa, however, globalization primarily benefits established businesses, while early-stage entrepreneurial ventures face structural challenges such as limited access to finance and regulatory inefficiencies. These results highlight the importance of a strong entrepreneurial ecosystem in ensuring that globalization leads to broad-based business growth and job creation. The study emphasizes the need for targeted policy interventions to improve institutional support, particularly in emerging economies, so that early-stage businesses can integrate into global markets and contribute to sustainable economic development.</p>","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"67 4","pages":"487-497"},"PeriodicalIF":2.2,"publicationDate":"2025-04-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/tie.22438","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144190806","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Jae-Yeon Kim, Myropi Garri, Malcolm Beynon, David Pickernell
{"title":"Exploring South Korean Foreign Direct Investment Motives and State-Level Location Decisions: US Evidence 1995–2008","authors":"Jae-Yeon Kim, Myropi Garri, Malcolm Beynon, David Pickernell","doi":"10.1002/tie.22433","DOIUrl":"https://doi.org/10.1002/tie.22433","url":null,"abstract":"<p>This study uses a novel application of panel fuzzy-set qualitative comparative analysis (fsQCA) in the international management field. utilizing a unique database capturing reasons for foreign direct investment (FDI), and state-level location, we explain location decisions of high-technology South Korean (henceforth Korean) multinational enterprises (MNEs), when first entering the United States of America (henceforth US), from 1995 until the 2008 financial crisis. Various home country conditions, combined with a desire for technological upgrading, encouraged firms to seek locational advantages. Additionally, rather than assuming FDI to be driven by a single purpose over time, the addition of regional characteristics allows a typology of reasons for Korean FDI to be developed. We show evolving Korean FDI trends in the US with home country and regional perspectives interacting to attract FDI into US states with different characteristics, arguing this is consistent with US policy seeking to attract inward investment to foster economic development.</p>","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"67 4","pages":"465-486"},"PeriodicalIF":2.2,"publicationDate":"2025-03-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/tie.22433","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144191175","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Keith D. Brouthers, George Nakos, Niklas Lindlbauer, Igor Kalinić
{"title":"Export Channel Choice for SMEs: A Cognitive Perspective","authors":"Keith D. Brouthers, George Nakos, Niklas Lindlbauer, Igor Kalinić","doi":"10.1002/tie.22436","DOIUrl":"https://doi.org/10.1002/tie.22436","url":null,"abstract":"<div>\u0000 \u0000 <p>Despite decades of research on SME export channel choice, we know little about the role played by managerial mindsets. Managerial mindsets are the cognitive mental models managers rely on for processing and evaluating information and making decisions. In this paper, we develop and test the notion that, in addition to the influence of transaction cost factors, the global mindset of top managers has a significant impact on the export channels that SMEs use. We also suggest that this relation is sensitive to the level of political instability in the target market since such instability increases risk and uncertainty. A multinomial regression analysis was used to analyze the responses of a sample of 208 Chinese SMEs. The results provide support for our ideas. In this way, we contribute to a better understanding of how managerial thinking can influence the strategic choices that are made and the boundary conditions that exist when SMEs expand abroad.</p>\u0000 </div>","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"67 4","pages":"449-464"},"PeriodicalIF":2.2,"publicationDate":"2025-02-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144191188","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}
{"title":"Mapping the Foreign Investments (OFDI) From Emerging Economies Toward Developed Nations: A Consequential Convergence of Investment Outflows and the OLI Paradigm","authors":"Abuzar Nomani, S. R. Rithi, Raghuveer Negi","doi":"10.1002/tie.22435","DOIUrl":"https://doi.org/10.1002/tie.22435","url":null,"abstract":"<div>\u0000 \u0000 <p>A fascinating insight we present in this research is what instigated the flow of outward FDI from emerging economies (EE) to developed nations by employing the O-L-I framework. Here, we offer the novelty of our research through earlier studies that only used the O-L-I framework to understand the genesis of FDI outflow from developed nations (DN) to developing/emerging economies. The mapping of investment patterns from EE materialized in 3-D (EE to DN, EE to EE, and DN to EE) by incorporating country-specific ownership, location, and internalization advantages. Twenty years of panel data have been used from nine countries. We used pooled OLS, random-effects, and fixed-effect models to understand the cause–effect relationship. Our findings exhibit that technological advancement, infrastructure, and economic stability are the major drivers for outward investment flow from one nation to another. In addition, patents and infrastructure can initiate the outward flow of FDI from emerging countries to developed countries.</p>\u0000 </div>","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"67 4","pages":"431-448"},"PeriodicalIF":2.2,"publicationDate":"2025-02-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144191142","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}
{"title":"Does Corruption Influence Earnings Management? Evidence From BRICS Nations","authors":"Sweta Tiwari, Chanchal Chatterjee","doi":"10.1002/tie.22431","DOIUrl":"https://doi.org/10.1002/tie.22431","url":null,"abstract":"<div>\u0000 \u0000 <p>Despite the extensive research on the causes and effects of corruption, there has been scant research on the effect of corruption on earnings management of firms operating in emerging economies under different legal systems. The present paper fills this research gap by investigating the influence of corruption on earnings management of firms operating in the BRICS nations, which are either under common or code law at prima facie. Further, we make a novel attempt to examine the moderating role of cash holdings and cash flow in explaining this association. Our data includes 329 nonfinancial listed firms with 1552 firm-year observations ranging from 2014 to 2021. Using system GMM approach, we find that higher corruption leads to higher earnings management in five emerging BRICS nations. We also gather that managers operating in highly corrupt countries tend to hold high cash levels, maintain a higher cash flow, and engage 3.5%–3.8% more in earnings management. Our results are robust to both the measures of earnings management (real-activity-based and accrual-based). Our findings have significant implications for executives and directors of firms if earnings management is considered illegal in any of these countries and such law is enforced. In addition, our study would share important insights to the external stakeholders, such as investors, policymakers, and regulators.</p>\u0000 </div>","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"67 3","pages":"413-428"},"PeriodicalIF":2.2,"publicationDate":"2025-01-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143749974","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}
{"title":"Intellectual Property and Islamic Finance: Opportunities and Challenges for a New Islamic Intellectual Property Finance Framework","authors":"Nadia Naim, Noor Suhaida Kasri","doi":"10.1002/tie.22430","DOIUrl":"https://doi.org/10.1002/tie.22430","url":null,"abstract":"<p>This paper explores the intersection of Intellectual Property (IP) and Islamic finance, proposing a policy framework to integrate IP valuation into Sharia-compliant financing. Focusing on the UK, it also extends to global markets, including ASEAN, GCC, and MENA regions. The paper identifies gaps in current practices, particularly in incorporating IP assets into Islamic financial products, highlighting untapped market potential. It emphasizes the need for regulatory compliance, Sharia board approvals, and robust audit mechanisms to ensure ethical integration. Key recommendations include developing a comprehensive IP framework, fostering international collaboration, and capacity building through education. The framework aims to align economic growth with ethical financing, enhancing transparency and the robustness of Islamic IP financing globally.</p>","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"67 3","pages":"395-412"},"PeriodicalIF":2.2,"publicationDate":"2025-01-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/tie.22430","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143749531","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Unveiling the Dynamics of Entrepreneurial Ecosystems in an Emerging Economy: A Delphi and MCDM Approach","authors":"Gourav Aggarwal, Smita Kashiramka","doi":"10.1002/tie.22432","DOIUrl":"https://doi.org/10.1002/tie.22432","url":null,"abstract":"<div>\u0000 \u0000 <p>The global surge in startup activity has led to the requirement of understanding entrepreneurial ecosystems (EEs) in emerging economies. This study employs a dual-lens approach to analyze the health and performance dynamics of the EE from an emerging economy-India. Delphi Technique is used to identify the elements of the EE; Best Worst Method (a multi-criteria decision-making method) is employed to quantify their contributions to the health and performance of the EE. Availability of finance, government programs, physical infrastructure, entrepreneurial culture, legal infrastructure, entrepreneurial education and training, and ease of shutting down emerge as key health factors. Innovation and research serve as a crucial mediating factor. On the performance front, entrepreneurial perception of market dynamics, intentions, value creation, networking, mentoring, perception about entrepreneurship, self-efficacy, activity, and employment opportunities emerge as influential factors. The study proposes two indices to measure EE health and performance. This standardized approach can help compare EEs, identify intervention opportunities, offer holistic industrial insights, and aid investment decisions. The existing indices, like the Global Entrepreneurship Index, do not consider the regional context and assume the contribution of all elements of the EE as equal. Our research offers a comprehensive framework for evaluating and advancing EEs in emerging economies through a weighted framework for elements contributing to the health and performance of an EE respectively.</p>\u0000 </div>","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"67 3","pages":"377-393"},"PeriodicalIF":2.2,"publicationDate":"2025-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143749787","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}
Emiliano Finocchi, Susan M. Mudambi, Jennifer Oetzel, Susan Feinberg
{"title":"When MNC Subsidiaries Are Caught in a Political Crisis: The Case of Mozambique","authors":"Emiliano Finocchi, Susan M. Mudambi, Jennifer Oetzel, Susan Feinberg","doi":"10.1002/tie.22429","DOIUrl":"https://doi.org/10.1002/tie.22429","url":null,"abstract":"<div>\u0000 \u0000 <p>In political crises, subsidiary-level managers of multinational corporations (MNCs) face critical decisions around managing investment risk. Given the potentially existential threat posed by political crises, this study examines subsidiary responses to political risk. The focus is on the effect of firm crisis experience, threat perception, and managerial social embeddedness on the stay-or-exit decisions. With data from senior managers of 107 MNCs in Mozambique, we test three hypotheses. We find that the crisis experience of the MNC is a significant predictor of managers' threat perceptions (H1). While threat perception positively affects the likelihood of subsidiary exit (H2), the social embeddedness of the subsidiary manager dampens that relationship (H3). Threat perception does not necessarily drive exit likelihood, as subsidiaries led by socially embedded managers with high levels of social interactions with Mozambican and foreign friends are less likely to exit. These findings contribute to the literature on subsidiary-level political risk management and underscore the significance of social embeddedness and crisis experience in shaping subsidiary resilience to political instability. For managers, these results highlight the value of fostering strong local networks and crafting flexible risk management strategies. Such insights are crucial for navigating the complexities of international markets during political turmoil.</p>\u0000 </div>","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"67 3","pages":"361-375"},"PeriodicalIF":2.2,"publicationDate":"2024-12-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143749937","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}