{"title":"Ownership effects on direction of multinationality: Evidence from Indian EMNEs","authors":"Arindam Mondal, Apalak Khatua","doi":"10.1002/tie.22356","DOIUrl":"10.1002/tie.22356","url":null,"abstract":"<p>An essential yet challenging decision that emerging market multinational enterprises (EMNEs) must make when setting up a subsidiary abroad is whether to do it in developed or emerging market economies. The extant literature has rarely probed what influences the location choice of EMNEs' outward investments. This paper aims to address this gap and hypothesizes that large shareholdings by promoters or foreign institutional investors negate agency problems (due to managerial risk aversion) and enhance the propensity to pursue risky but value-accrediting upmarket strategies. Furthermore, this paper argues that these beneficial effects of large owners are significantly weaker for group-affiliated firms compared to their standalone counterparts. We test our proposed hypotheses using a proprietary, longitudinal dataset during 2007–2013 for 213 Indian multinational firms and find support for our arguments.</p>","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"65 5","pages":"485-499"},"PeriodicalIF":2.2,"publicationDate":"2023-06-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42004657","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}
Jorge Alcaraz, Dominique Mazé, Ricardo E. Buitrago R.
{"title":"Interaction of home and host countries' institutional conditions: An analysis of greenfield projects by Latin American firms","authors":"Jorge Alcaraz, Dominique Mazé, Ricardo E. Buitrago R.","doi":"10.1002/tie.22360","DOIUrl":"10.1002/tie.22360","url":null,"abstract":"<p>Studying firms from emerging economies has been receiving more attention in recent decades. However, the host- and home-country perspectives have allowed understanding, to a significant extent, of the firms' expansion abroad. We argue the necessity of investigating the interaction of home and host-country institutional conditions to advance the understanding of the internationalization strategies of firms from emerging economies. Employing a sample of 1387 firms from 17 Latin American countries, we examine how their operations expanded from 2003 to 2019 by undertaking 2636 cross-border greenfield projects in 94 host countries. Results indicate that the interaction of home and host countries' weak institutional conditions drives the decision-making process for the internationalization of Latin American firms.</p>","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"66 1","pages":"65-80"},"PeriodicalIF":2.2,"publicationDate":"2023-06-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43228036","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":"Multinationals from emerging economies: Strategies, challenges, and the way forward","authors":"Abdul A. Rasheed, Zafar U. Ahmed","doi":"10.1002/tie.22358","DOIUrl":"10.1002/tie.22358","url":null,"abstract":"<p>Multinationals from emerging economies are relatively new players in the global economy. This Special Issue includes five articles that cover several important aspects of the market and nonmarket strategies pursued by emerging market multinational corporations (EMNCs). Given that only a few firms from emerging markets embrace the possibilities and challenges of going global, we highlight the need to examine country, industry, and firm level antecedents of the emergence of EMNCs. We also draw attention to the need to study the role played by immigrant populations in EMNC internationalization.</p>","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"65 5","pages":"455-459"},"PeriodicalIF":2.2,"publicationDate":"2023-06-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48260465","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":"Perspectives on global business","authors":"Mary B. Teagarden","doi":"10.1002/tie.22344","DOIUrl":"https://doi.org/10.1002/tie.22344","url":null,"abstract":"","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"65 4","pages":"397"},"PeriodicalIF":2.2,"publicationDate":"2023-06-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50124040","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":"Conceptualizing CSR as innovative adoption by MNCs from emerging Asian economies","authors":"Abdullah Al-Mamun, Sawlat Zaman","doi":"10.1002/tie.22348","DOIUrl":"10.1002/tie.22348","url":null,"abstract":"<p>Two frequently researched fundamental factors in the recent business arena are corporate governance and corporate social responsibility (CSR). Though the earlier is globalized in various aspects, the latter is still traditionally identified as a Western practice for corporations. This research paper argues that Multi-national Corporations (MNCs) from emerging economies contribute to their parent country's business dynamics including CSR through “reverse knowledge innovation.” To some extent, CSR is prioritized and implemented in these emerging economies, as their MNCs adopt and diffuse CSR practices domestically through reverse knowledge flows. Based on 10 economies from Asia in terms of CSR adoption, we find that CSR is largely considered a Western business innovation among the emerging economies and their home-grown multinationals are the main vehicle of transfer in this case. This study identifies that there are three different levels of CSR adoption depending on a country's phase of economic development: Luxury, diffusion, and institutionalized. The study thus contributes in terms of a multi-level theory by highlighting a source of CSR variation at the national level in the domain of Asian emerging economies.</p>","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"65 6","pages":"567-580"},"PeriodicalIF":2.2,"publicationDate":"2023-05-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/tie.22348","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43315150","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}
Rima Y. Helal, Sa'ad Ali, Sophie Strecker, David Weir
{"title":"Navigating wasta in business practices in Lebanon","authors":"Rima Y. Helal, Sa'ad Ali, Sophie Strecker, David Weir","doi":"10.1002/tie.22352","DOIUrl":"10.1002/tie.22352","url":null,"abstract":"<p>Faced with severe social, political, and economic challenges, Lebanon is described as a weak state. Argued to be a key factor weakening the formal institutions there, is the prevalent practice of wasta. This article seeks to answer two questions: (1) Why is wasta prevalent in a business environment characterised by weak formal institutions, such as Lebanon? (2) How can managers navigate the use of wasta in the Lebanese business context where it prevails, avoiding its negative outcomes while utilizing its positive outcomes? Fourteen semi-structured interviews were conducted of managers from the Lebanese industrial sector. The findings highlight that wasta is used due to the networked nature of Lebanese society, economic hardship, widespread corruption and to maintain power. It was found that wasta could be beneficial in securing jobs, removing red tape, and gaining employment for humanitarian reasons. Finally, the negative outcomes of using wasta were found to include the employment of unqualified individuals, a reduction of organizations' productivity and a further weakening of formal institutions.</p>","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"65 6","pages":"639-648"},"PeriodicalIF":2.2,"publicationDate":"2023-05-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/tie.22352","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47567835","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 effect of foreign knowledge acquisition on international performance: The mediating roles of international orientation and business model innovation","authors":"Samuel Adomako","doi":"10.1002/tie.22353","DOIUrl":"10.1002/tie.22353","url":null,"abstract":"<p>Research on how business model innovation (BMI) in international markets affects international performance continues to proliferate. However, existing research is sparse on primary predictors of this relationship. Drawing upon knowledge creation theory, this article investigates a serial mediation model that supports the role of the indirect effects of foreign knowledge acquisition (FKA) via international orientation (IO) and BMI on international performance. Utilizing time-lagged survey data from multiple respondents in Ghana (<i>N</i> = 352), the results revealed that high levels of FKA enhance BMI via increased IO, and BMI ultimately improves international performance. Implications relating to theory and practice are discussed.</p>","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"66 1","pages":"19-31"},"PeriodicalIF":2.2,"publicationDate":"2023-05-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/tie.22353","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43625663","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":"Outward foreign investment by transnational entrepreneurs: Insights from emerging economies","authors":"Thomas G. Pittz","doi":"10.1002/tie.22346","DOIUrl":"10.1002/tie.22346","url":null,"abstract":"<p>This research considers how transnational entrepreneurs in emerging economies identify and develop opportunities for investment into international ventures. Specifically, this study seeks to identify common drivers for outward investment by transnational entrepreneurs from their country of origin (Brazil and India) to their adopted country (the US). Findings indicate three common drivers of this type of internationalization: formal education, effectual logic, and the leveraging of perceived market differences. Furthermore, the data show that entrepreneurs prefer a gradual process of investment rather than a large-scale initial investment during the exploitation of international opportunities in the adopted country. The results of this study have important practical implications and are valuable additions to the scholarly understanding of the growing field of transnational entrepreneurship.</p>","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"65 6","pages":"611-623"},"PeriodicalIF":2.2,"publicationDate":"2023-05-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41515532","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":"How to identify the canaries that might save the organizations: Mapping the most curiosity-oriented in Brazil","authors":"Thais Amaral, Alfredo Behrens","doi":"10.1002/tie.22350","DOIUrl":"10.1002/tie.22350","url":null,"abstract":"<p>This study explores the effectiveness of international instruments for identifying the curious and alerts us to the relative ineffectiveness of foreign instruments to map the curious in Brazil. We used indirect questions to better map the most curious collaborators at Brazilian organizations. We believe our instrument eludes the Brazilian bias for impression management. Our sample covered 384 respondents in Brazil and identified that there are more curious professionals in small and medium-sized enterprises than in large and multinational companies, and that team members are more curious than those in managerial positions. Furthermore, our study reveals that the most curious perceive to be penalized when offering their perceptions regarding weak signals. This study points the need to invest in developing and protecting a more curiosity-oriented staff. In addition to contributing to the literature on curiosity at work, this study provides insights for companies that want to develop their teams to perceive business weak signals.</p>","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"65 6","pages":"599-609"},"PeriodicalIF":2.2,"publicationDate":"2023-05-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44262279","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 Chinese outward foreign direct investment motives in ASEAN countries through export performance: The role of competitive intensity among Chinese smartphone manufacturers","authors":"Meng Di Zhang, Mohd Haniff Jedin","doi":"10.1002/tie.22349","DOIUrl":"10.1002/tie.22349","url":null,"abstract":"<p>This study aims to examine the impact of outward foreign direct investment (OFDI) objectives on the achievement of export performance under competitive intensity. We apply the diverse theoretical perspectives of the eclectic paradigm and institutional theory. Primary data were collected from 162 Chinese manufacturer–exporter companies. Specifically, this research shows that Chinese OFDI motives increase its export performance in ASEAN markets. Furthermore, we discover that competitive intensity moderates the relationship between strategic assets-seeking foreign direct investment (FDI) motive and export performance, but not the relationship between market-seeking FDI motive and export performance. Hence, this study presents a holistic assessment of Chinese smartphone manufacturers' export performance by accounting for the overlooked effect of firms seeking FDI motive through the moderating of competitive intensity.</p>","PeriodicalId":47515,"journal":{"name":"Thunderbird International Business Review","volume":"65 6","pages":"625-638"},"PeriodicalIF":2.2,"publicationDate":"2023-05-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48844653","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}