Daniel Mandel Gandrita, David Pascoal Rosado, Ana Gandrita
{"title":"AI Integration and Strategic Planning: Fostering Inclusivity and Strategic Evolution in the Workplace","authors":"Daniel Mandel Gandrita, David Pascoal Rosado, Ana Gandrita","doi":"10.1002/tie.70035","DOIUrl":"https://doi.org/10.1002/tie.70035","url":null,"abstract":"<div>\u0000 \u0000 <p>This research explores the symbiotic relationship between effective strategic planning (SP), management relationships (MR), and the integration of artificial intelligence (AI). We collected data from <i>n</i> = 360 participants using a structural equation modeling approach in a quantitative research methodology. Additionally, we conducted a bibliometric analysis focused on AI and the strategic planning process to collect data for our literature review. The resulting framework highlights the evolution and adoption of AI for strategic planning, facilitating the connection between new strategies, particularly in contexts of resistance to change. Our study explores potential disruptions affecting talent retention and loyalty. Findings show that effective integration of AI, supported by strong management practices, reduces employee turnover risks and enhances employee commitment. Employees who actively contribute and believe in this technology tend to embrace a culture of innovation more readily. Moreover, they become more resilient, playing a crucial role in supporting strategic planning efforts, thereby providing benefits for navigating crises and uncovering sustainable strategies. Lastly, theoretical findings suggest that future studies on strategic areas, such as sustainability, HR, performance, and innovation reveal the need to develop a diverse and collaborative workplace culture.</p>\u0000 </div>","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"68 2","pages":"251-265"},"PeriodicalIF":3.2,"publicationDate":"2025-09-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146139703","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":"When Profitability Speaks Loudest: How Institutional Quality Shapes Valuation in Global Semiconductor Firms","authors":"Tsuyoshi Sato","doi":"10.1002/tie.70034","DOIUrl":"https://doi.org/10.1002/tie.70034","url":null,"abstract":"<div>\u0000 \u0000 <p>This study investigates how profitability, innovation investment, and capital structure interact with national institutional environments to shape firm valuation in the global semiconductor industry. Using panel data of 881 firm-year observations from 57 multinational firms (2005–2023), we find that valuation effects depend on governance quality. Profitability (ROA) is rewarded only in strong rule-of-law environments; elsewhere, it has little or even negative impact on price-to-book ratios. R&D intensity is penalized in highly regulated environments, where export controls, compliance costs, and uneven intellectual property enforcement may delay commercialization and elevate perceived risk. Financial leverage is more positively valued in politically stable countries, indicating greater investor tolerance for debt under reduced macro-political uncertainty. While focused on semiconductors, these findings extend to other capital-intensive, innovation-driven sectors. Aligning performance signals with institutional contexts can enhance investor confidence and improve valuation outcomes in global markets.</p>\u0000 </div>","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"68 2","pages":"239-249"},"PeriodicalIF":3.2,"publicationDate":"2025-08-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146139793","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":"Financial Volatility Spillovers and Risk Dynamics in Global Tourism: Evidence From Equity and Bond Markets","authors":"Md. Nahiduzzaman, Rubaiyat Shabbir, Bapon Chandra Kuri, Bablu Kumar Dhar, Anick Roy","doi":"10.1002/tie.70031","DOIUrl":"https://doi.org/10.1002/tie.70031","url":null,"abstract":"<p>This study explores the financial volatility and asset interdependence in the global tourism sector by examining spillover dynamics between tourism equities and both green and non-green financial assets from global stock and bond markets. Utilizing a combination of risk-adjusted return metrics, Value at Risk (VaR), Conditional VaR (CVaR), wavelet coherence, and Quantile Vector Autoregression (QVAR), the analysis reveals that while tourism equities offer the highest risk-adjusted returns, they also carry significant downside risk—particularly during periods of financial distress. Wavelet analysis uncovers pronounced short- and medium-run volatility in tourism stocks, and QVAR results demonstrate high spillover intensity, with connectedness surpassing 83% in both bull and bear markets. Notably, conventional and green equities do not consistently serve as effective hedges for tourism investments, although green bonds may offer some diversification benefits during stable periods. These findings may offer indicative evidence for international investors, financial analysts, and policymakers aiming to improve asset allocation, enhance risk awareness, and inform investment planning in tourism-dependent economies. By highlighting patterns of market interconnectedness, the study may inform portfolio strategies under conditions of rising global uncertainty.</p>","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"68 2","pages":"209-237"},"PeriodicalIF":3.2,"publicationDate":"2025-08-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/tie.70031","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146136351","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":"The Dynamics of International Marketing: A Case Study of an International Alpine Resort in Hokkaido, Japan","authors":"Chihiro Nakayama","doi":"10.1002/tie.70015","DOIUrl":"https://doi.org/10.1002/tie.70015","url":null,"abstract":"<p>This study examines the dynamics of alpine resorts and their evolution in international marketing. International marketing is a complex process involving different actors across borders. The literature has often examined marketing at specific points in time. However, the evolution of marketing processes and international service firms because of interactions among different actors remains unknown. Actor-network theory is adopted as a powerful tool to highlight complex and dynamic processes challenging the conventional approach of international business. It employs the case study method. A multi-method approach is used, where semi-structured interviews, participant observation, and secondary data are triangulated. The findings demonstrate that actor-network theory offers a relational network perspective and an alternative view to see international business in a more processual manner. Theoretically, this study extends the conceptualization of marketing, opening avenues for international business. Managerially, it suggests considering non-business actors into account to comprehensively understand the processes.</p>","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"68 2","pages":"177-190"},"PeriodicalIF":3.2,"publicationDate":"2025-08-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/tie.70015","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146154945","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":"Formal Institutional Quality and Product Innovation: Moderating Effects of Policy Instability and Technological Infrastructure","authors":"Samuel Amponsah Odei","doi":"10.1002/tie.70032","DOIUrl":"https://doi.org/10.1002/tie.70032","url":null,"abstract":"<p>Grounded in the strategy tripod view, this research aims to examine the relationship between formal institutional quality and product innovation while considering the moderating effects of policy instability and technological infrastructure. The study focuses on 44 emerging markets in sub-Saharan Africa (SSA) using data for the period 2006–2022, with empirical evidence based on the probit model with two-way fixed effects. This research revealed that (i) formal institutional quality positively influences product innovation; (ii) technological infrastructure modulates formal institutional quality for an overall negative impact on product innovation; (iii) policy instability and technological infrastructure positively modulate the relationship between formal institutional quality and product innovation; (iv) policy instability positively modulates the relationship between formal institutional quality and product innovation, and this improves with technological infrastructure. This multidimensional analysis provides valuable insights for policymakers and firm managers seeking to foster a favorable environment for innovation in emerging markets.</p>","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"68 2","pages":"191-207"},"PeriodicalIF":3.2,"publicationDate":"2025-08-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/tie.70032","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146139684","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}
Izaete Leite Nogueira, Ana Cláudia de Araujo Moxotó, Aristides da Rocha Oliveira Junior
{"title":"Geopolitical Risk and Food Inflation","authors":"Izaete Leite Nogueira, Ana Cláudia de Araujo Moxotó, Aristides da Rocha Oliveira Junior","doi":"10.1002/tie.70029","DOIUrl":"https://doi.org/10.1002/tie.70029","url":null,"abstract":"<p>This study investigates the complex relationship between geopolitical risk and food inflation, a critical issue for global food security. Using panel data from 177 countries from 2019 to 2021, the research employs a random effects estimation model to analyze the dynamic. The central aim is to ascertain if countries with higher geopolitical risk also experience greater food inflation. The analysis confirms a positive correlation, where increased country instability is associated with higher food inflation. The study also reveals a counterintuitive positive relationship between GDP per capita and food inflation, challenging common economic assumptions. These findings have significant implications for economic policy and international cooperation, highlighting the need for strategies to mitigate the impacts of geopolitical instability on food prices and bolster food security.</p>","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"68 2","pages":"165-176"},"PeriodicalIF":3.2,"publicationDate":"2025-08-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/tie.70029","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146154810","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}
Charles Okeyia, Nuno Marques de Almeida, Joe Amad-Echendu, Simplice A. Asongu
{"title":"Blockchain and Digital Technologies in the Telecommunications Industry","authors":"Charles Okeyia, Nuno Marques de Almeida, Joe Amad-Echendu, Simplice A. Asongu","doi":"10.1002/tie.70020","DOIUrl":"https://doi.org/10.1002/tie.70020","url":null,"abstract":"<p>This article examines how fourth industrial revolution (4IR) technologies, specifically blockchain and digital twin technologies, can be utilized to address the energy supply challenge and enhance the management of distributed telecom infrastructure assets in a research context. The emphasis is on how blockchain and digital twin technologies can be applied to improve asset maintenance activities. Following a systematic review of the existing literature and the development of a model, the research methodology involves the use of structured questionnaires and semi-structured interviews—a mixed-methods approach based on operational data on the asset's functionality. The findings from the asset data suggest that the adoption of blockchain and digital twin technologies substantially enhances the effective functionality of assets installed in telecoms-based stations. However, the intricacy of integrating these 4IR technologies with conventional assets, as well as evidence from questionnaires and interviews, further suggests that they provide a foundation for the digitalization of maintenance methods, resulting in substantial improvements in operational and maintenance effectiveness and efficiency. The blockchain and digital twin technologies accelerate a predictive maintenance method by proactively identifying unexpected asset failures, thereby lowering mean time to repair and operating expenditures.</p>","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"68 2","pages":"139-163"},"PeriodicalIF":3.2,"publicationDate":"2025-08-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/tie.70020","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146139657","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":"State Capture—Institutionalized Corruption of the South African Revenue Service","authors":"Jennifer H. Heckel, Prescott C. Ensign","doi":"10.1002/tie.70018","DOIUrl":"https://doi.org/10.1002/tie.70018","url":null,"abstract":"<p>This study provides valuable insight for scholars, practitioners, and government officials on how a local office of a respected international consulting firm became associated with allegations of illicit influence and state capture. The article presents how political and business leaders used a government agency, the South African Revenue Service (SARS), to gain power, amass wealth, and find protection from prosecution. It outlines how illegal actions by public officials sworn to uphold justice and the rule of law harmed the Republic of South Africa. It also examines how a consulting firm that values integrity and trustworthiness contributed to questionable decisions by state officials. The impact at SARS included: bypassing government procurement procedures; restructuring and staffing that dismantled tax code enforcement; distributing public funds into private hands; and avoiding public accountability. The study concludes with a synopsis of the multiple investigations and implications for ethical behavior in an era of institutionalized state capture.</p>","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"68 1","pages":"123-135"},"PeriodicalIF":3.2,"publicationDate":"2025-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/tie.70018","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145706381","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}
Darius Ikyanyon, Egena Ode, Rabake Nana, Terungwa Paul Joseph Jato
{"title":"Board Gender Diversity and Sustainable Innovation in Emerging Market Multinational Enterprises: Do Country-Level Institutions Matter?","authors":"Darius Ikyanyon, Egena Ode, Rabake Nana, Terungwa Paul Joseph Jato","doi":"10.1002/tie.70023","DOIUrl":"https://doi.org/10.1002/tie.70023","url":null,"abstract":"<p>There is little research attention on the antecedents of sustainable innovation (SI) in emerging market multinational enterprises (EMNEs). This study, therefore, considers the effect of board gender diversity on SI in EMNEs. We combine upper echelons and institutional theories to examine the influence of board gender diversity and country-level institutional factors on SI. Our analysis of a 10-year (2013–2022) panel data of EMNEs from 19 countries reveals a positive effect of board gender diversity on SI. Our study also reveals that country-level institutional factors such as governance effectiveness, control of corruption, and gender parity index moderate the positive association between board gender diversity and SI. Our study contributes to the literature on SI by providing insights on how board gender diversity and institutional quality enhance investments in SI. The managerial implications of our research are discussed.</p>","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"68 1","pages":"107-122"},"PeriodicalIF":3.2,"publicationDate":"2025-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/tie.70023","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145706377","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}
Shirlei Cristiane de Oliveira, Leonardo Colares Castro
{"title":"Strategic International Marketing: Strategy Development and Implementation (2nd ed.). By Carl Arthur Solberg and Håvard Huse, Abingdon, Oxon; New York, NY: Routledge, 2024. 418 pp. $43.99 (Paperback) ISBN: 978-1-03-246773-3","authors":"Shirlei Cristiane de Oliveira, Leonardo Colares Castro","doi":"10.1002/tie.70022","DOIUrl":"https://doi.org/10.1002/tie.70022","url":null,"abstract":"","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"68 2","pages":"267-269"},"PeriodicalIF":3.2,"publicationDate":"2025-07-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146140080","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}