Katia M. Galdino, Kimberly M. Ellis, Bruce T. Lamont, Africa Ariño
{"title":"Institutional determinants of ownership stake in cross-border acquisitions in Africa: The moderating role of geographic distance","authors":"Katia M. Galdino, Kimberly M. Ellis, Bruce T. Lamont, Africa Ariño","doi":"10.1002/tie.22329","DOIUrl":"10.1002/tie.22329","url":null,"abstract":"<p>We look at how emerging markets' institutional features affect ownership stake in cross-border acquisitions (CBAs) within Africa. Particularly, we show that the presence of shared colonial history between the home and host country and the extent of fractionalization distance and formal institutional distance influence the acquiring firm's decision regarding its ownership stake in the target. Moreover, we show that geographic distance between the home and host country, by augmenting uncertainty faced by acquiring firms, moderates the relationship between these institutional features and ownership stake. We test our hypotheses in a sample of 341 intra-Africa CBAs from 2001 to 2016. Generally, we find that greater <i>ex ante</i> uncertainty and <i>ex post</i> costs increase ownership stake. Specifically, greater geographic distance strengthens the positive relationship between shared colonial history and ownership stake and reverses the negative relationship between formal institutional distance and ownership stake. As for fractionalization distance, the relationship is more nuanced and needs to be further studied. We contribute to advance research on south–south CBAs in general, particularly within Africa, as well as to extend hostage theory in foreign market entry strategies in and from emerging markets.</p>","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"65 3","pages":"311-323"},"PeriodicalIF":2.2,"publicationDate":"2022-12-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45941554","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 impact of kidnapping on foreign ownership of firms in Nigeria","authors":"Obiajulu Ede, Godwin Okafor","doi":"10.1002/tie.22328","DOIUrl":"10.1002/tie.22328","url":null,"abstract":"<p>Nigeria is one of the countries in Sub-Saharan Africa (SSA) that has faced high incidents of kidnapping. As a result of that, some studies have investigated its determinants and economic consequences in Nigeria. However, no study is yet to investigate its impact on the foreign ownership of firms. This is a research void that this article has attempted to fill. Using the World Bank Enterprise Survey and the United Nations Office on Drugs and Crime, we found empirical evidence of the negative impact of kidnapping on the foreign ownership of firms. An increase in the kidnapping rate by one (1 per 100,000 of population) will reduce the foreign ownership of firms by 4.855–10.098% depending on the econometric model. There is also empirical evidence that the impact of kidnapping on foreign ownership will vary by geographical regions in Nigeria and by firm size. Policy implications were deduced from our findings.</p>","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"65 3","pages":"341-354"},"PeriodicalIF":2.2,"publicationDate":"2022-12-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/tie.22328","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41489923","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":"Global talent management in the “new normal”—Editors' special issue introduction","authors":"Hussain Gulzar Rammal, João J. Ferreira","doi":"10.1002/tie.22320","DOIUrl":"10.1002/tie.22320","url":null,"abstract":"","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"65 1","pages":"5-8"},"PeriodicalIF":2.2,"publicationDate":"2022-12-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48859459","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":"Tackling talent challenges","authors":"Mary B. Teagarden","doi":"10.1002/tie.22322","DOIUrl":"10.1002/tie.22322","url":null,"abstract":"","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"65 1","pages":"3"},"PeriodicalIF":2.2,"publicationDate":"2022-12-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44527997","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":"On the role and nature of alliance management capability in family business: Empirical evidence from a developing market","authors":"Abdalhamed Nasr, Omar Al-Tabbaa","doi":"10.1002/tie.22323","DOIUrl":"10.1002/tie.22323","url":null,"abstract":"<p>Despite the research on alliance management capability (AMC) has evolved in recent years, we still lack a clear understanding of its antecedents and performance outcomes in the context of family businesses, a setting that is inherently different from a typical firm-to-firm corporation. Collecting data from the Libyan family firms sector, we found that alliance experience, family culture (as internal antecedence), and political instability (as external antecedence) are crucial for AMC development, where the latter has a significant effect on the alliance performance of these firms. We also discuss the theoretical and practical implications of our study.</p>","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"65 2","pages":"237-252"},"PeriodicalIF":2.2,"publicationDate":"2022-12-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/tie.22323","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49393041","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":"Privatized espionage: NSO Group Technologies and its Pegasus spyware","authors":"Sean D. Kaster, Prescott C. Ensign","doi":"10.1002/tie.22321","DOIUrl":"10.1002/tie.22321","url":null,"abstract":"<p>Advanced cyber technology like NSO Group Technologies' (NSO) controversial Pegasus spyware blurs distinctions between “good” and “bad.” This case follows the Israeli-based international leader in cyber espionage and developer NSO and one of its co-founders, Shalev Hulio from its creation in 2010 to the present. It includes NSO's acquisition by US-based private equity fund Francisco Partners in 2014. NSO's re-acquisition in 2019 by co-founders Hulio and Omri Lavie with funding support from London-based private equity fund Novalpina Capital. During this time, Pegasus had helped capture Mexican drug baron El Chapo, prevented terrorist attacks and broken up pedophilia, sex, and drug-trafficking rings. But Pegasus also contributed to the murder of <i>Washington Post</i> reporter Jamal Khashoggi as well as other illegal incidents against dissidents, journalist, and governments. As the case suggests, controlling access to such powerful technology that involves accountability, responsibility, and enforceability within a firm and within nations appears illusive.</p>","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"65 3","pages":"355-364"},"PeriodicalIF":2.2,"publicationDate":"2022-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/tie.22321","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44148270","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}
Bablu Kumar Dhar, Thanh Tiep Le, Tina A. Coffelt, Jakhongir Shaturaev
{"title":"U.S.-China trade war and competitive advantage of Vietnam","authors":"Bablu Kumar Dhar, Thanh Tiep Le, Tina A. Coffelt, Jakhongir Shaturaev","doi":"10.1002/tie.22325","DOIUrl":"10.1002/tie.22325","url":null,"abstract":"<p>China has been losing international competitiveness in labor-intensive industries due to various factors, including the trade war with the United States and globalization. Vietnam, however, has rapidly expanded its labor-intensive exports. The paper proposes to explore the future of labor-intensive industries in Vietnam due to the U.S.-China trade war. The paper examines export performance data from United Nation Comtrade for 10 specific labor-intensive industries that serve the U.S. market between 2000 and 2020 to assess the possibility of Vietnam overtaking China's position as the world's largest manufacturer. Using situation analysis, the paper compares the competitive advantage of Vietnam in labor-intensive industries due to the U.S.-China trade war. The paper found that China's competitiveness was negatively impacted for the final two periods, while Vietnam's competitive advantage increased.</p>","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"65 2","pages":"255-263"},"PeriodicalIF":2.2,"publicationDate":"2022-11-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47019587","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":"Where might brewers make better managers than MBAs?","authors":"Alfredo Behrens","doi":"10.1002/tie.22324","DOIUrl":"10.1002/tie.22324","url":null,"abstract":"<p>The cross-cultural analysis is largely bounded to countries, as organizational culture analysis is to corporations. This exploratory analysis brings the two together to signal what leadership styles might fit best in which markets. Populations tending to selflessness and obedience might respond more poorly to typical MBA-trained business leaders.</p>","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"65 4","pages":"443-445"},"PeriodicalIF":2.2,"publicationDate":"2022-11-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45978733","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":"Dan, S., Ivana, D., Zaharie, M., Metz, D., & Dragan, M. (2021). Digital talent management: Insights from the information technology and communication industry. Cham: Palgrave Macmillan, ISBN 978–3–030-76,750-1. doi: 10.1007/978-3-030-76750-1","authors":"Verma Prikshat, Parth Patel","doi":"10.1002/tie.22326","DOIUrl":"10.1002/tie.22326","url":null,"abstract":"","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"65 2","pages":"253-254"},"PeriodicalIF":2.2,"publicationDate":"2022-11-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41423597","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 connections world: The future of Asian capitalism. Simon Commander & Saul Estrin (2022). Cambridge University Press, 360 pages, ISBN: 9789351507369. Price: £26.99","authors":"Alfredo Behrens","doi":"10.1002/tie.22327","DOIUrl":"10.1002/tie.22327","url":null,"abstract":"","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"65 3","pages":"389-390"},"PeriodicalIF":2.2,"publicationDate":"2022-11-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42066645","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}