{"title":"Ethnic Polarization and Ownership Decision in Cross-Border Acquisitions: The Case of Emerging Market Multinational Enterprises","authors":"Jianhong Zhang, Jiangang Jiang","doi":"10.1111/1467-8551.12916","DOIUrl":"https://doi.org/10.1111/1467-8551.12916","url":null,"abstract":"<p>Ethnic issues have been creating complex sociopolitical realities and grand challenges for economic activities in many countries, yet much less is known about their micro-level effects on international business. This study explores the impact of ethnic polarization in target countries on equity ownership in cross-border acquisitions (CBAs) by emerging market multinational enterprises (EMNEs). Drawing upon real options theory (ROT) and the concept of uncertainty, we construct a theoretical framework to investigate this impact and explore how the impact varies based on situational conditions. By analysing data on country-level ethnic polarization and CBAs by EMNEs from 23 acquirer countries in 107 target countries during 1996–2020, we found evidence of a negative relationship between ethnic polarization in the target countries and equity ownership, conditional on the levels of democracy in target countries, the degrees of ethnic polarization in acquirer countries and acquirers’ local experiences. Managers in EMNEs should strategically assess equity ownership levels by considering these connections to mitigate risks and capitalize on opportunities in CBAs.</p>","PeriodicalId":48342,"journal":{"name":"British Journal of Management","volume":"36 4","pages":"1506-1523"},"PeriodicalIF":5.7,"publicationDate":"2025-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8551.12916","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145197206","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Hong Bo, Sofia Johan, Rodiat Lawal, Rilwan Sakariyahu
{"title":"Disentangling China's Infrastructure Investment in Africa: A Symbiotic Partnership or an Unequal Substitute for African Resources?","authors":"Hong Bo, Sofia Johan, Rodiat Lawal, Rilwan Sakariyahu","doi":"10.1111/1467-8551.12912","DOIUrl":"https://doi.org/10.1111/1467-8551.12912","url":null,"abstract":"<p>This paper examines how China's infrastructure investment influences African exports to China. We analyse data from 46 African countries and 14 industries that have received China's infrastructure investment from 2005 to 2019. Our results show that China's infrastructure investment in the primary sector has led to more African exports to China (i.e. resource-seeking). In contrast, investment in the non-primary sector has had a substitution effect on African exports to China (i.e. market-seeking). We find that China's infrastructure investment in Africa is driven mainly by resource-seeking. We further document that both the host country's endowment of natural resources and the resources for infrastructure arrangement moderate the positive impact of China's infrastructure investment on African exports to China. These results consistently confirm that China's infrastructure investment in Africa has facilitated China's access to African natural resources.</p>","PeriodicalId":48342,"journal":{"name":"British Journal of Management","volume":"36 4","pages":"1444-1461"},"PeriodicalIF":5.7,"publicationDate":"2025-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8551.12912","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145197207","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Can Small Firms Innovate Away From Competition?","authors":"Marc Cowling, Alex Sclip, Giulio Velliscig","doi":"10.1111/1467-8551.12913","DOIUrl":"https://doi.org/10.1111/1467-8551.12913","url":null,"abstract":"<p>In this paper we test whether innovation allows entrepreneurs to navigate their way out of highly competitive markets into calmer waters where competitive pressures are reduced. In doing so, we establish three key findings: first, in line with the Schumpeterian creative destruction theory, our results document a decreasing marginal effect of prior innovation on consecutive perceived competition, an effect that is stronger for small firms operating in more competitive markets; then, we highlight the different synergistic effects generated by the complementarity between tangible and intangible innovation activities in competitive and oligopolistic markets that support the Schumpeterian view; finally, we establish that such synergies have proven crucial in navigating out of the COVID-19 pandemic.</p>","PeriodicalId":48342,"journal":{"name":"British Journal of Management","volume":"36 4","pages":"1462-1477"},"PeriodicalIF":5.7,"publicationDate":"2025-03-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8551.12913","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145197057","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Employment Stability and Firm Performance Over Time: The Moderating Effect of Industry Volatility","authors":"Syungjin Han, Changhyun Kim, Tae-Yeol Kim","doi":"10.1111/1467-8551.12915","DOIUrl":"https://doi.org/10.1111/1467-8551.12915","url":null,"abstract":"<p>This study investigated how employment stability affects firm performance over time. While some scholars have identified the strategic benefits of employment stability, others have emphasized its associated costs. We theorized a temporal perspective to reconcile these contrasting views. Using publicly traded firms in Compustat North America from 1985 to 2018, we found that employment stability negatively impacts current firm performance but benefits a firm's long-term performance. Additionally, we found that the dynamic effects of employment stability on firm performance become more pronounced when a firm's industry faces higher volatility. Our study provides an important theoretical framework for reconciling seemingly conflicting arguments regarding the impact of employment stability on firm performance. Empirically, we demonstrate the contrasting effects of employment stability on firms’ current and long-term performance and highlight the boundary conditions of industry volatility in these relationships.</p>","PeriodicalId":48342,"journal":{"name":"British Journal of Management","volume":"36 4","pages":"1478-1489"},"PeriodicalIF":5.7,"publicationDate":"2025-03-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8551.12915","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145197017","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Barak S. Aharonson, Felix F. Arndt, Pawan Budhwar, Yu-Yu Chang, Soumyadeb Chowdhury, Ana Cristina Costa, John G. Cullen, Kevin Daniels, Paul P. Momtaz, Clare Rigg, Martyna Śliwa, Silvio Vismara, Riikka Sarala, Shuang Ren, Paul Hibbert
{"title":"Establishing a Contribution: Calibration, Contextualization, Construction and Creation","authors":"Barak S. Aharonson, Felix F. Arndt, Pawan Budhwar, Yu-Yu Chang, Soumyadeb Chowdhury, Ana Cristina Costa, John G. Cullen, Kevin Daniels, Paul P. Momtaz, Clare Rigg, Martyna Śliwa, Silvio Vismara, Riikka Sarala, Shuang Ren, Paul Hibbert","doi":"10.1111/1467-8551.12910","DOIUrl":"https://doi.org/10.1111/1467-8551.12910","url":null,"abstract":"<p>Riikka Sarala, Shuang Ren and Paul Hibbert</p><p>When we commissioned this editorial symposium we had two principal aims. The first was to provide guidance for authors who are new to the journal and those with more experience who are seeking to develop impactful contributions to our field. The second aim was to showcase the experience and insights of the team of associate editors at the <i>British Journal of Management</i> (<i>BJM</i>): all of the team are pivotal in the journal's mission and work hard to help authors make the most of their research.</p><p>With our twin aims in mind, we gave the team a broad remit. They were free to approach the task of offering guidance from their own standpoint and with their own choice of focus within <i>BJM</i>’s field. We also encouraged our colleagues to work in the way that they found most productive: independently, with other <i>BJM</i> associate editors or with colleagues from within their own networks. While other commitments and the heavy burdens of academic life meant that some of our colleagues could not participate in this symposium (but will hopefully be able to take part in further editorials), eight of the team took part, along with some collaborators. They covered a wide range of themes from <i>BJM</i>’s broad and inclusive take on the field of business, management and organization studies: a perspective on upper echelon decision-making and digital transformation (Arndt, Chang and Aharonson); a balanced view of artificial intelligence (Chowdhury and Budhwar); a standard-setting survey of trends in organizational behaviour (Costa and Daniels); a generative ‘take’ on religion in the workplace (Cullen); emerging directions in research on fintech and digital finance (Momtaz and Vismara); opportunities for new research in the management, knowledge and education space (Rigg); and a wayfinding view of equality, diversity and inclusivity research and practice (Śliwa). If you are developing your research in any of those areas, you will find the advice invaluable.</p><p>Taken as a whole, our colleagues' work proved to be diverse, instructive and generative. Reflecting on their contributions and themes allowed us to construct the framework for guidance shown in Figure 1.</p><p>As you can see in the figure, the contributions from our editorial team members helped to show that there are two key aspects of the journal's terrain: the <i>foundations</i>, a set of principles and standards that show how to construct rigorous research in the field; and the <i>frontiers</i>, the emerging debates that allow the field to be extended – or for unmapped territory to be charted. The contributions also showed that there are two ways of engaging with these aspects of the terrain: through <i>exemplifying</i>, which roots guidance in key principles and particular exemplars in the journal's recent articles to show standards; and through <i>exploring</i>, which finds new opportunities through uncovering and characterizing a","PeriodicalId":48342,"journal":{"name":"British Journal of Management","volume":"36 2","pages":"481-499"},"PeriodicalIF":4.5,"publicationDate":"2025-03-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8551.12910","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143762328","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Crafting Sustainable Careers as Minority Academics","authors":"Martyna Śliwa, Ajnesh Prasad","doi":"10.1111/1467-8551.12914","DOIUrl":"https://doi.org/10.1111/1467-8551.12914","url":null,"abstract":"<p>Reflecting on our experiences in the academic profession, in this paper we offer insights on how to craft sustainable careers as minority academics. While there has been engaged interest amongst business school scholars to study the myriad <i>challenges</i> encountered by those academics who occupy minority identity categories, there has been far less consideration of the <i>strategies</i> that can be adopted to navigate the profession in order to not only survive but thrive. In presenting narrative ruminations related to research, teaching and service, we illuminate certain shared themes found across our professional experiences that may provide strategies to other minority academics as they construct their own academic careers. These shared themes revolve around striking a delicate balance between playing the proverbial ‘game’ and remaining true to who we are. While ostensibly disclaiming any suggestion that we put forward an all-encompassing ‘solution’ to the challenges confranted by minority academics working as management educators in today's business school, this paper offers a set of ideas and practical advice on some of the paths available through which to craft sustainable careers in the academic profession.</p>","PeriodicalId":48342,"journal":{"name":"British Journal of Management","volume":"36 4","pages":"1416-1424"},"PeriodicalIF":5.7,"publicationDate":"2025-03-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145196995","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Pastures Green: Corporate Investments in Green Skills and Toxic Chemical Releases","authors":"Jens Hagendorff, Duc Duy Nguyen, Vathunyoo Sila","doi":"10.1111/1467-8551.12909","DOIUrl":"https://doi.org/10.1111/1467-8551.12909","url":null,"abstract":"<p>Firms face pressure to improve their environmental performance. However, in addition to making substantive investments that enhance environmental outcomes, firms may also engage in investments that are green but mostly symbolic and not effective in improving environmental performance. To examine whether the green skill investments firms make are effective in enhancing environmental performance, we analyse detailed job posting data from 2010 to 2020 and micro-level data on toxic chemical emissions from plants. We find that an increased demand for green skills is associated with subsequent reductions in toxic chemical releases at plants, especially toxins that are harmful to humans. Further analyses reveal that reductions in toxic releases are more pronounced when firms direct their investments in green skills towards local establishments rather than the headquarters. By integrating a resource-based view with concepts of market failure and organizational legitimacy, we show that investments in green skills can simultaneously serve legitimacy-seeking and substantive performance-improvement purposes.</p>","PeriodicalId":48342,"journal":{"name":"British Journal of Management","volume":"36 3","pages":"1374-1389"},"PeriodicalIF":4.5,"publicationDate":"2025-03-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8551.12909","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144520078","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Andrew R. Timming, Di Fan, Yipeng Liu, Vikas Kumar, Heidi Neck
{"title":"The Changing Role of Human Resource Management as a Driver of Innovation in New Organizational Forms","authors":"Andrew R. Timming, Di Fan, Yipeng Liu, Vikas Kumar, Heidi Neck","doi":"10.1111/1467-8551.12908","DOIUrl":"https://doi.org/10.1111/1467-8551.12908","url":null,"abstract":"<p>The role of human resource management (HRM) in pro-actively driving business innovation has been tenuous at best in the past. Most innovations have happened in spite of, rather than because of, HRM. But the artificial intelligence revolution through which we are currently living marks an alignment between technological innovation and process innovation, the likes of which has never been seen before. The incorporation of new technologies into the practice of HRM is likely to lead to a new paradigm in ‘people management’, broadly construed. We explain how this new paradigm will emerge against the backdrop of the three papers included in this Special Issue on new organizational forms, business model innovation and HRM.</p>","PeriodicalId":48342,"journal":{"name":"British Journal of Management","volume":"36 2","pages":"500-510"},"PeriodicalIF":4.5,"publicationDate":"2025-03-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143762057","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Baris Istipliler, Mujtaba Ahsan, Kevin Mole, Samuel Adomako, Michael Asiedu Gyensare, Jintong Tang
{"title":"Entrepreneurial Alertness in Dynamic Environments: Mediating Pathways to Entrepreneurial Orientation and Performance","authors":"Baris Istipliler, Mujtaba Ahsan, Kevin Mole, Samuel Adomako, Michael Asiedu Gyensare, Jintong Tang","doi":"10.1111/1467-8551.12907","DOIUrl":"https://doi.org/10.1111/1467-8551.12907","url":null,"abstract":"<p>Entrepreneurial orientation (EO) is critical for firms navigating dynamic environments, yet the mechanisms driving its development remain underexplored. This study examines the role of entrepreneurial alertness (EA) as a mediator linking environmental dynamism to EO and firm performance. We argue that whilst information acquisition reduces uncertainty, excessive focus on gathering information without adequate processing can lead to inefficiencies and missed opportunities. This imbalance may hinder the development of EO and adversely affect firm performance. Using data from 209 small and medium enterprises in Ghana, collected across multiple informants in two waves, our findings provide empirical support for the proposed model. The study contributes to the EO literature by demonstrating the relationship between information acquisition and processing in fostering EO and performance. It also cautions against the risks of overemphasizing one dimension at the expense of the other in dynamic environments. Additionally, we extend the conceptualization of EA by demonstrating that its dimensions operate through flexible, non-linear pathways, enabling entrepreneurs to adapt their information-processing strategies to the demands of dynamic environments.</p>","PeriodicalId":48342,"journal":{"name":"British Journal of Management","volume":"36 4","pages":"1425-1443"},"PeriodicalIF":5.7,"publicationDate":"2025-03-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8551.12907","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145196749","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"‘A Marriage of Convenience’: Inter-organizational Learning through Strategic Collaboration","authors":"Cinla Akinci, Allan Macpherson","doi":"10.1111/1467-8551.12898","DOIUrl":"https://doi.org/10.1111/1467-8551.12898","url":null,"abstract":"<p>Collaboration is often used to combine capabilities and share resources to deliver strategic goals. The process has potential to support organizational learning and intertwining of knowledge between participating organizations. However, this often overlooks the complexities and contexts that make collaborations prone to failure. This paper explores inter-organizational learning between two police forces in the United Kingdom as they embark on a strategic partnership through collaboration. We investigate how learning emerges through the collaboration, what tensions surface as the partnership develops and how these tensions are resolved. Our research contributes to inter-organizational learning theory in three ways. Firstly, we show that inter-organizational learning is a multi-level process through practices that occur at inter-personal, inter-group and inter-organizational levels. Secondly, we highlight that key tensions attenuate the effectiveness of learning processes. Finally, we note that the outcomes of institutionalized learning — that is, merging infrastructure, standardizing processes and creating a shared identity — are interconnected, and that inter-organizational learning cannot be achieved without all three being embedded successfully. We offer new and important insights into the collaborative learning efforts that promote strategic partnership and integration.</p>","PeriodicalId":48342,"journal":{"name":"British Journal of Management","volume":"36 3","pages":"1205-1218"},"PeriodicalIF":4.5,"publicationDate":"2025-03-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8551.12898","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144520109","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}