Thunderbird International Business Review最新文献

{"title":"Navigating changes in 2023, looking forward to a new year","authors":"Mary B. Teagarden","doi":"10.1002/tie.22366","DOIUrl":"10.1002/tie.22366","url":null,"abstract":"","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"65 6","pages":"551"},"PeriodicalIF":2.2,"publicationDate":"2023-08-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46371320","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":"Not household names: Emerging market multinationals","authors":"Mary B. Teagarden","doi":"10.1002/tie.22364","DOIUrl":"10.1002/tie.22364","url":null,"abstract":"","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"65 5","pages":"453"},"PeriodicalIF":2.2,"publicationDate":"2023-08-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49589120","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":"Chinese cross-border mergers and acquisitions: How communication practices impact integration outcomes","authors":"Jean Wang,&nbsp;Lars Schweizer","doi":"10.1002/tie.22363","DOIUrl":"10.1002/tie.22363","url":null,"abstract":"<p>This study provides an empirical investigation on how communication practices impact the post-acquisition integration outcomes, in the context of Chinese cross-border mergers and acquisitions (CBMAs). We tailored our assessment to reflect communication practices during Chinese CBMA integration. The integration outcomes are measured by organizational commitment and strategic performance improvement. Using a data collected via survey from global executives and middle managers, we find that communication accuracy, channel efficiency, and overseas business management department positively impact organizational commitment. Moreover, inter-organizational trust mediates the effect of communication accuracy on organizational commitment, and communication officer on organizational commitment. In addition, we find that the language barrier of the Chairman negatively impacts strategic performance improvement. Moreover, acquisition experience, business relatedness, industrial investors, private-owned investors, and management consultant all positively affect strategic performance improvement. However, middle managers negatively impact the integration outcomes.</p>","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"66 1","pages":"81-99"},"PeriodicalIF":2.2,"publicationDate":"2023-07-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/tie.22363","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44003018","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":"Corporate governance transparency: Do firm-level ethics policies and country-level investor protections substitute or complement?","authors":"Thomas Weber,&nbsp;Kaveh Moghaddam,&nbsp;Krista B. Lewellyn,&nbsp;Amirhossein Maleki","doi":"10.1002/tie.22362","DOIUrl":"10.1002/tie.22362","url":null,"abstract":"<p>This study empirically investigates the direct and interactive effects of firm-level ethics policies and country-level investor protection on firm corporate governance transparency. Using data on 9298 firms collected from the Bloomberg Terminal, we find that there is a positive relationship between country-level investor protection and firm corporate governance transparency. The results also support the argument that firms with existing ethics policies exhibit greater corporate governance transparency. We also find that in countries with weaker investor protection, the impact of firm-level ethics policies on corporate governance transparency is stronger. This study advances our understanding of the corporate governance transparency determinants, and the empirical evidence supports the notion that firm-level factors such as ethics policies may compensate for the lack of formal national investor protection regulations.</p>","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"66 1","pages":"51-63"},"PeriodicalIF":2.2,"publicationDate":"2023-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43937061","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":"Corruption, formal institutions, and foreign direct investment: The case of OECD countries in Africa","authors":"Salman Bahoo,&nbsp;Ilan Alon,&nbsp;Josanco Floreani,&nbsp;Marco Cucculelli","doi":"10.1002/tie.22361","DOIUrl":"10.1002/tie.22361","url":null,"abstract":"<div>\u0000 \u0000 \u0000 <section>\u0000 \u0000 <h3> Purpose</h3>\u0000 \u0000 <p>Corruption has shown a mixed impact on foreign direct investment (FDI). This study proposed moderating the role of two—foreign aid (international institution) from the home country and democracy (national institution) in the host country—between corruption-FDI nexus.</p>\u0000 </section>\u0000 \u0000 <section>\u0000 \u0000 <h3> Methodology</h3>\u0000 \u0000 <p>The framework is analyzed using panel data analysis (2001–2018) of bilateral foreign aid and FDI from 18 European members of the Organization for Economic Cooperation and Development (OECD) to 34 African countries.</p>\u0000 </section>\u0000 \u0000 <section>\u0000 \u0000 <h3> Findings</h3>\u0000 \u0000 <p>The presents several key findings. First, Africa's level of government corruption harms bilateral FDI from Europe. Second, the OECD's bilateral foreign aid moderates the negative effects of Africa's host-country corruption on FDI. Third, the level of democracy in the host country also moderates the negative impact of corruption on FDI. Finally, foreign aid strongly moderates the negative effect of corruption on FDI in democratic countries compared to non-democratic host countries.</p>\u0000 </section>\u0000 \u0000 <section>\u0000 \u0000 <h3> Research Implications</h3>\u0000 \u0000 <p>This study provides the institutional analysis that bilateral foreign aid and democracy as formal institutions affect the European multinational enterprises's decision to invest in Africa.</p>\u0000 </section>\u0000 \u0000 <section>\u0000 \u0000 <h3> Practical Implications</h3>\u0000 \u0000 <p>It presents the policy and managerial implications. First, European MNEs managers avoid investing in Africa, and governments must take strict actions to attract FDI. Second, foreign aid and democracy motivate MNEs to invest in Africa. Finally, the OECD policymaker could formulate rigorous and relevant conditions for foreign aid to Africa to reduce corruption.</p>\u0000 </section>\u0000 \u0000 <section>\u0000 \u0000 <h3> Originality/Value</h3>\u0000 \u0000 <p>Through the lens of institutional theory and selectorate theory, the novel institutional role of foreign aid and democracy is proposed and tested between the nexus of corruption-FDI.</p>\u0000 </section>\u0000 </div>","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"65 5","pages":"461-483"},"PeriodicalIF":2.2,"publicationDate":"2023-07-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45619882","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":"Entry modes for Chinese enterprises in Latin America","authors":"Francisco Valderrey,&nbsp;Federico Trigos,&nbsp;Evodio Kaltenecker","doi":"10.1002/tie.22357","DOIUrl":"10.1002/tie.22357","url":null,"abstract":"<p>The Belt and Road Initiative (BRI) has been an important project for President Xi Jinping on foreign soil. The initiative gained momentum through colossal investments in Eurasia and Africa, mainly through infrastructure projects, backed by generous funding from Chinese financial institutions. A few years later, Latin America emerged as a new target for geographically extending the BRI. The region provides sufficient motivation to entice Chinese investors; it is well endowed with natural resources, offers a market of approximately 670 million people, and has many unmet needs. In addition, recent geopolitical reasons such as the ongoing trade war between the United States and China may give Chinese enterprises indirect access to the world's largest consumer market. We present a brief overview of the relationship between China and Latin America, focusing on the mode of entry of Asian companies into these territories. We analyze the primary entry mode of Chinese enterprises and whether they do so through Greenfield Investment (GI) or Mergers and Acquisitions (M&amp;A). For this purpose, we use data from the China Global Investment Tracker. Thus, we intend to provide a complete picture of how public and private Chinese organizations are gaining a foothold in Latin America, and present its managerial implications.</p>","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"66 1","pages":"33-50"},"PeriodicalIF":2.2,"publicationDate":"2023-06-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44912743","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":"An emerging market multinational Company's internationalization: From original equipment manufacturer to global brand leader","authors":"Su Liu,&nbsp;Dwarka Chakravarty,&nbsp;Paul W. Beamish","doi":"10.1002/tie.22359","DOIUrl":"10.1002/tie.22359","url":null,"abstract":"<p>We examine an emerging market multinational company's (EMNC's) transformation from an original equipment manufacturer (OEM) to an original brand manufacturer (OBM) and global leader. Our longitudinal study of Hisense—China's largest TV company (and the world's third largest) spans three decades and involves detailed interviews with over 50 executives. We study how the company's global value chain network evolved, how it reconfigured its organization, upgraded its capabilities, and enhanced its brand reputation. We develop propositions that may contribute to improved explanations for an EMNC's internationalization sequence, development of competitive advantages, overseas management practices, and brand building.</p>","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"65 5","pages":"501-517"},"PeriodicalIF":2.2,"publicationDate":"2023-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/tie.22359","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41613267","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":"Emerging market multinational corporations' cross‐border mergers and acquisitions and political distance: Does corporate political activity matter?","authors":"L. Brown, Ru-Shiun Liou, Dinesh Hasija","doi":"10.1002/tie.22355","DOIUrl":"https://doi.org/10.1002/tie.22355","url":null,"abstract":"","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"79 1","pages":""},"PeriodicalIF":2.2,"publicationDate":"2023-06-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"51000238","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":"Emerging market multinational corporations' cross-border mergers and acquisitions and political distance: Does corporate political activity matter?","authors":"Lee Warren Brown,&nbsp;Ru-Shiun Liou,&nbsp;Dinesh Hasija","doi":"10.1002/tie.22355","DOIUrl":"https://doi.org/10.1002/tie.22355","url":null,"abstract":"<p>Due to rising anti-globalization sentiment, emerging market multinational corporations (EMNCs) face additional challenges in conducting cross-border mergers and acquisitions, particularly in the developed markets. Built on institutional theory, we specifically examine how political distance, representing host–home country differences in various attributes in the political environment, influences the speed of approval for EMNC acquisition in the United States. The findings suggest that a larger political distance between the United States and EMNCs home country reflects challenges for EMNCs to gain legitimacy in the United States, resulting in the longer time required for acquisition approval. The EMNCs' corporate political activity moderated this relationship in that more corporate political activity improves the legitimacy perception of EMNCs among political actors, decreasing the time required for acquisition approval.</p>","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"65 5","pages":"533-546"},"PeriodicalIF":2.2,"publicationDate":"2023-06-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50145235","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":"Liabilities of origin and its influence on firm's corporate social performance? A study of emerging market multinational corporations","authors":"Ajith Venugopal,&nbsp;Marwan Al-Shammari,&nbsp;Prasad M. V. Thotapalli,&nbsp;Mohammad Fuad","doi":"10.1002/tie.22354","DOIUrl":"10.1002/tie.22354","url":null,"abstract":"<p>This study draws upon the institutional-based view to examine how home country institutional voids affect the corporate social performance (CSP) of emerging market multinational corporations (EMNCs). We propose that home country institutional voids of EMNCs are positively related to CSP. We also argue that EMNCs' internationalization and visibility will further augment the above relationships. We tested our hypotheses using a sample of 89 EMNCs from 10 countries from 2009 to 2018 and found support for our arguments. Our findings show that EMNCs use CSP to overcome the liabilities of origin due to their home-country institutional voids. Internationalization and visibility increase the challenges of origin liabilities and EMNCs respond by enhancing their CSP. Our research adds to the existing knowledge base on institutional voids within the realm of international business.</p>","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"65 5","pages":"519-531"},"PeriodicalIF":2.2,"publicationDate":"2023-06-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49391975","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}