Journal of International Business Studies最新文献

Liability of foreignness in immersive technologies: evidence from extended reality innovations

IF 11.6 1区管理学

Journal of International Business Studies Pub Date : 2025-01-24 DOI: 10.1057/s41267-024-00756-w

Hyoryung Nam, Yiling Li, P. K. Kannan, Jeonghye Choi

{"title":"Liability of foreignness in immersive technologies: evidence from extended reality innovations","authors":"Hyoryung Nam, Yiling Li, P. K. Kannan, Jeonghye Choi","doi":"10.1057/s41267-024-00756-w","DOIUrl":"https://doi.org/10.1057/s41267-024-00756-w","url":null,"abstract":"Emerging extended reality (XR) technologies, such as augmented reality (AR) and virtual reality (VR), enable global businesses to deliver immersive experiences to customers beyond geographical borders. Despite the opportunities, leveraging XR innovations in foreign markets can present significant challenges. This study investigates whether and under what conditions global businesses experience liability of foreignness (LOF) when leveraging XR innovations. We argue that LOF in XR innovations arises from the inherent disadvantages foreign firms face in delivering mentally fluent XR experiences, which in turn can diminish the effectiveness of their XR innovations compared to local counterparts. We further contend that the extent of LOF in XR innovations varies depending on the features of XR technology, with greater LOF in less realistic, more interactive, and more vivid XR innovations. We also suggest that foreign businesses can mitigate LOF by strategically leveraging brand newness and brand platforms. Our empirical analyses, based on a dataset of 257 beauty brands in South Korea from 2019 to 2022, support the presence of LOF in XR innovations and show how technology features and brand-specific factors influence the extent of LOF. Our findings provide valuable insights for global businesses developing strategies to configure immersive technologies in international markets.","PeriodicalId":48453,"journal":{"name":"Journal of International Business Studies","volume":"15 1","pages":""},"PeriodicalIF":11.6,"publicationDate":"2025-01-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143030908","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The multinational enterprise, capabilities, and digitalization: governance and growth with world disorder

IF 11.6 1区管理学

Journal of International Business Studies Pub Date : 2025-01-24 DOI: 10.1057/s41267-024-00767-7

David J. Teece

引用次数: 0

Multinational enterprises and climate action: a low-income perspective with Africa focus 跨国企业与气候行动：以非洲为重点的低收入视角

IF 11.6 1区管理学

Journal of International Business Studies Pub Date : 2025-01-10 DOI: 10.1057/s41267-024-00764-w

Lemma W. Senbet

{"title":"Multinational enterprises and climate action: a low-income perspective with Africa focus","authors":"Lemma W. Senbet","doi":"10.1057/s41267-024-00764-w","DOIUrl":"https://doi.org/10.1057/s41267-024-00764-w","url":null,"abstract":"Multinational enterprises (MNEs) can be agents of positive climate action by deploying their vast resources, technology, capital, and collaborative partnerships. They can also promote cross-border mobility of corporate governance and regulatory standards. Allen et al. (J Int Bus Stud, 2024) provide a systematic descriptive analysis to support such an MNE role. In my commentary, I provide a perspective from low-income countries, particularly Africa. Although they face disproportionate climate impact, these economies possess abundant clean energy resources. I discuss the potential of MNEs to help unlock the value associated with these resources. On the financing side, MNE banks can deploy their technology and resources to promote climate finance startups. They can also play a role in public–private partnerships to unlock private capital at scale for low-income countries. Allen et al. focus on the bright side of the MNEs in climate action. I expand my commentary to provide a balanced view and discuss the dark side with a focus on Africa. In particular, I highlight the role of MNE banks in rapid sovereign debt build-up and difficulties in debt restructuring. Further, I discuss the role of MNEs in capital flight. Successful debt distress resolutions and curbing capital flight can free up resources for green financing.","PeriodicalId":48453,"journal":{"name":"Journal of International Business Studies","volume":"7 1","pages":""},"PeriodicalIF":11.6,"publicationDate":"2025-01-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142961657","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Leveraging the capabilities of multinational firms to address climate change: a finance perspective 利用跨国公司的能力应对气候变化：金融视角

IF 11.6 1区管理学

Journal of International Business Studies Pub Date : 2025-01-10 DOI: 10.1057/s41267-024-00748-w

Franklin Allen, Adelina Barbalau, Erik Chavez, Federica Zeni

{"title":"Leveraging the capabilities of multinational firms to address climate change: a finance perspective","authors":"Franklin Allen, Adelina Barbalau, Erik Chavez, Federica Zeni","doi":"10.1057/s41267-024-00748-w","DOIUrl":"https://doi.org/10.1057/s41267-024-00748-w","url":null,"abstract":"Climate change and the associated issue of curbing carbon emissions have risen on the agenda of policymakers worldwide. However, global coordination on matters such as harmonized regulation has been subject to significant political frictions, and the large intergovernmental transfers needed to finance the transition of developing economies have proven hard to raise. Recently, there have been considerable responses to climate change from the private sector, with stakeholders placing more pressure on firms, and financial markets mobilizing increasingly more capital towards the reduction of negative externalities. We argue that although multinational enterprises (MNEs) have been a major contributor to the problem, they can be an important part of the solution – they have unique features that enable them to play an important role in the fight against climate change. MNEs have extensive and efficient internal markets for governance, financing, and technology, which enable them to circumvent country-specific frictions to climate action such as heterogeneous regulation, corruption, and the lack of technology. We analyze how different public and private incentive mechanisms could be designed to leverage MNEs’ unique features, realign their incentives, and engage their potential to play a role in decarbonizing the economy. Lastly, we discuss challenges, opportunities, and future research.","PeriodicalId":48453,"journal":{"name":"Journal of International Business Studies","volume":"49 1","pages":""},"PeriodicalIF":11.6,"publicationDate":"2025-01-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142961658","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

When does historical context matter? Explaining the emergence of competence-creating subsidiaries 历史背景什么时候起作用？解释能力创造子公司的出现

IF 11.6 1区管理学

Journal of International Business Studies Pub Date : 2025-01-10 DOI: 10.1057/s41267-024-00768-6

Andrew C. Godley, Shane Hamilton, Marrisa Joseph

{"title":"When does historical context matter? Explaining the emergence of competence-creating subsidiaries","authors":"Andrew C. Godley, Shane Hamilton, Marrisa Joseph","doi":"10.1057/s41267-024-00768-6","DOIUrl":"https://doi.org/10.1057/s41267-024-00768-6","url":null,"abstract":"Despite thorough attention to how context shapes subsidiary behavior, very little IB research has explored the dynamic impact of disruptive changes in historical context on organizational innovations in MNEs. Existing IB theory has robustly theorized the growth of competence-creating subsidiaries from the 1980s to the 2000s. However, our historical research demonstrates that this body of existing theory fails to explain an equally significant growth in subsidiaries with protean competence-creating characteristics from 1945 to 1970. We show that the introduction of the U.K. National Health Service in 1948 precipitated a major upgrade of research capabilities among a near majority of the population of subsidiaries in U.K. pharmaceuticals by 1970. Synthesizing from both IB and literature on historical methods, we analyze the impact of this disruptive transformation in context, identifying the specific mechanisms that produced the rapid growth in what we identify as proto-competence-creating subsidiaries. This occurred in response to a dramatically new context, in ways that differ from those predicted by current theoretical explanations, and led to an institutional innovation hitherto unknown to IB. The implications of this are significant in a contemporary moment of rapid institutional disruption, when existing conceptualizations of subsidiary behavior may increasingly fail to capture real-world dynamics.","PeriodicalId":48453,"journal":{"name":"Journal of International Business Studies","volume":"14 1","pages":""},"PeriodicalIF":11.6,"publicationDate":"2025-01-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142961688","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Corruption experience and foreign investments: clean hands or dirty hands learning? 腐败经历与外国投资：干净的手还是肮脏的手？

IF 11.6 1区管理学

Journal of International Business Studies Pub Date : 2024-12-16 DOI: 10.1057/s41267-024-00763-x

Negash Haile Dedho, René Belderbos, Alvaro Cuervo-Cazurra

{"title":"Corruption experience and foreign investments: clean hands or dirty hands learning?","authors":"Negash Haile Dedho, René Belderbos, Alvaro Cuervo-Cazurra","doi":"10.1057/s41267-024-00763-x","DOIUrl":"https://doi.org/10.1057/s41267-024-00763-x","url":null,"abstract":"Host-country corruption discourages multinational firms’ foreign investments. Nonetheless, multinationals may still want to invest to benefit from local business opportunities. To deal with the challenges of operating in a corrupt host country, they can use experience gained in other corrupt countries. We distinguish between “clean hands” and “dirty hands” learning about corruption – that is to say, learning how to avoid bribing, or learning how to pay bribes and avoid traceability. We disentangle these two competing mechanisms, which were confounded in previous studies, by assessing how home-country enforcement of laws against bribery abroad modifies how prior experience in corrupt countries mitigates the discouraging effect of host-country corruption on investment. We propose that, under clean hands learning, home-country enforcement strengthens the mitigating influence whereas, under dirty hands learning, home-country enforcement weakens this influence. Results from analyzing the location choices made by 25,067 multinationals from 97 countries for their 91,371 greenfield investments in 101 countries from 2008 to 2016 reveal that corruption experience mitigates the discouraging influence of host country corruption but that home country enforcement of laws against bribery reverses this influence. This is consistent with the view that dirty hands learning prevails over clean hands learning.","PeriodicalId":48453,"journal":{"name":"Journal of International Business Studies","volume":"120 1","pages":""},"PeriodicalIF":11.6,"publicationDate":"2024-12-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142825058","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The sustainability of MNE sustainability initiatives 跨国公司可持续发展倡议的可持续性

IF 11.6 1区管理学

Journal of International Business Studies Pub Date : 2024-12-09 DOI: 10.1057/s41267-024-00760-0

Srilata Zaheer

引用次数: 0

Theories of firms and the emergence of multinational enterprises: the organizational and managerial implications of solving transactional problems versus creating exchange value 企业理论与跨国企业的出现：解决交易问题与创造交换价值的组织和管理含义

IF 11.6 1区管理学

Journal of International Business Studies Pub Date : 2024-12-06 DOI: 10.1057/s41267-024-00759-7

Jay B. Barney, Ilze Kivleniece, Anita M. McGahan

{"title":"Theories of firms and the emergence of multinational enterprises: the organizational and managerial implications of solving transactional problems versus creating exchange value","authors":"Jay B. Barney, Ilze Kivleniece, Anita M. McGahan","doi":"10.1057/s41267-024-00759-7","DOIUrl":"https://doi.org/10.1057/s41267-024-00759-7","url":null,"abstract":"Teece (J Int Bus Stud 45(1):8–37, 2014) identifies two theories of the emergence of multinational enterprises (MNEs)—one that focuses on how MNEs solve transactional difficulties that can emerge in market exchanges and another that focuses on how MNEs facilitate economic value creation that is difficult to realize through market exchanges—and suggests that both theories are important in understanding MNE emergence. However, the organizational and managerial implications of these two theories are very different. MNEs that solve transactional difficulties are typically hierarchical in nature, where senior managers exercise managerial fiat to direct subordinates, firm boundaries are well defined, and subordinate behavior is monitored to minimize opportunism. MNEs that create economic value are typically less hierarchical, involve the creation of cooperative relations among stakeholders to facilitate co-specialized investments, have less well-defined boundaries, and reduce the threat of opportunism by ensuring that stakeholders gain more continuing in this exchange than other exchanges. The organizational and managerial implications of these two theories suggest that MNEs that form to both solve transactional difficulties and to create economic value will face difficult challenges trying to reconcile the organizational and management imperatives implied by these theories. This paper concludes by discussing how MNEs might address these organizational and managerial conflicts.","PeriodicalId":48453,"journal":{"name":"Journal of International Business Studies","volume":"225 1","pages":""},"PeriodicalIF":11.6,"publicationDate":"2024-12-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142789941","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Cross-border political ties: foreign firms’ campaign contributions and the crowding out of domestic competitors 跨国政治关系：外国公司的竞选捐款和国内竞争者的排挤

IF 11.6 1区管理学

Journal of International Business Studies Pub Date : 2024-12-05 DOI: 10.1057/s41267-024-00734-2

Meghana Ayyagari, April Knill, Kelsey Syvrud

{"title":"Cross-border political ties: foreign firms’ campaign contributions and the crowding out of domestic competitors","authors":"Meghana Ayyagari, April Knill, Kelsey Syvrud","doi":"10.1057/s41267-024-00734-2","DOIUrl":"https://doi.org/10.1057/s41267-024-00734-2","url":null,"abstract":"A substantial body of literature has shown that political connections have benefited firms domestically, but their cross-border value for multinational enterprises (MNEs) remains understudied. This paper provides novel evidence on the strategic advantages MNEs gain through political ties in host countries and the consequences for domestic firms. Examining foreign companies’ contributions to US political campaigns through political action committees (PACs) sponsored by their US subsidiaries, we find that contributing foreign firms win significantly more U.S. government contracts than non-contributing foreign firms. Crucially, this increased access for foreign contributing firms crowds out government contract allocation to similar domestic firms that do not make political donations, even in regulated industries favoring domestic suppliers. Our findings demonstrate that MNEs can effectively leverage political connections as a non-market strategy to gain preferential treatment over local competitors in a host nation. However, these cross-border political ties come at the expense of domestic firms’ competitiveness, informing policy debates around restricting foreign corporate influence in domestic elections. From a managerial perspective, our findings suggest that strategic political ties are an important consideration for MNEs alongside traditional location factors when evaluating foreign investment decisions and navigating institutional complexities abroad.","PeriodicalId":48453,"journal":{"name":"Journal of International Business Studies","volume":"111 1","pages":""},"PeriodicalIF":11.6,"publicationDate":"2024-12-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142789905","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Regulatory actions and reputation spillovers: investor reactions to Foreign Corrupt Practices Act violations 监管行动和声誉溢出：投资者对违反《反海外腐败法》的反应

IF 11.6 1区管理学

Journal of International Business Studies Pub Date : 2024-12-04 DOI: 10.1057/s41267-024-00738-y

Seung-Hyun Lee, Jisun Yu, Jinsil Kim

{"title":"Regulatory actions and reputation spillovers: investor reactions to Foreign Corrupt Practices Act violations","authors":"Seung-Hyun Lee, Jisun Yu, Jinsil Kim","doi":"10.1057/s41267-024-00738-y","DOIUrl":"https://doi.org/10.1057/s41267-024-00738-y","url":null,"abstract":"This study examines reputational penalty spillovers in the context of multinational enterprises’ (MNE) Foreign Corrupt Practices Act (FCPA) violations. We focus on investor reactions to unaccused industry bystander MNEs upon two FCPA regulatory events: investigation and enforcement. Expanding on the notion of categorization, we theorize that unaccused bystander MNEs would experience reputation spillover penalties in the investigation stage due to investors’ similarity-based categorization. In the enforcement stage, investors focus more on individual firm traits and no longer rely on similarity-based categorization in their evaluation, resulting in penalties isolated to the focal MNE and competitive benefits to bystander MNEs. Additionally, due to causal-based categorization, these investor reactions would be further influenced by whether the bystander MNEs had subsidiaries in the host country where the bribery had occurred, as well as the level of host-country corruption. We test these arguments using event study methods involving US-listed bystander MNEs upon 190 FCPA regulatory events from 1998 to 2021 and find support for most of our hypotheses. This study provides more nuanced theoretical underpinnings for reputation spillovers and highlights social evaluation aspects in studying MNE corruption and other socially irresponsible practices.","PeriodicalId":48453,"journal":{"name":"Journal of International Business Studies","volume":"262 1","pages":""},"PeriodicalIF":11.6,"publicationDate":"2024-12-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142776579","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0