Rajeev Batra, S. Arunachalam, Nancy Y. C. Wong, Michael S. W. Lee
{"title":"Unpacking collective materialism: how values shape consumption in seven Asian markets","authors":"Rajeev Batra, S. Arunachalam, Nancy Y. C. Wong, Michael S. W. Lee","doi":"10.1057/s41267-023-00661-8","DOIUrl":"https://doi.org/10.1057/s41267-023-00661-8","url":null,"abstract":"<p>We study how collectivism, religion-tradition, thriftiness, and status/materialist consumption values jointly shape consumption preferences in seven Asian markets. These markets are diverse but relatively small, so identifying similarities should help companies implement standardized marketing strategies. Using data from 3000+ consumers, we find the effects to be largely similar. Collectivistic values directly and indirectly increase both religious and thriftiness values, both of which negatively affect status consumption values. However, the direct positive effect of collectivistic values on status consumption values is so strong that it dominates all of these countervailing negative effects, which explains the paradoxical affinity of Asian consumers towards luxury consumption while endorsing the moral virtues of thriftiness. We identify the effects these values have on preference towards symbolic (style, prestige, overseas origin) and utilitarian (durability, and value for price) attributes. Our results have implications for international marketing theory by highlighting the role of values in Asian consumption, and for practice by helping marketers arrive at more informed standardized brand/product strategies in these rapidly growing Asian markets. In particular, they support earlier findings that high and increasing luxury consumption in Asia may not be due to increasing individualism nor Westernization, but because collectivists have their own reasons for valuing status consumption.</p>","PeriodicalId":48453,"journal":{"name":"Journal of International Business Studies","volume":" 17","pages":""},"PeriodicalIF":11.6,"publicationDate":"2023-12-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138491538","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}
{"title":"How subsidiary and supplier misbehavior lead to corporate social responsibility performance improvements in multinationals","authors":"Cheng Li, Alvaro Cuervo-Cazurra","doi":"10.1057/s41267-023-00666-3","DOIUrl":"https://doi.org/10.1057/s41267-023-00666-3","url":null,"abstract":"<p>We study how misbehavior in a multinational’s value network, not only in subsidiaries but also in suppliers, affects its corporate social responsibility (CSR) performance. Combining the network perspective of multinationals with the risk management view of CSR, we argue that major misbehavior in subsidiaries and independent suppliers leads to CSR performance improvements. The reason is that in response to the misbehavior, the multinational not only addresses the specific problem with the misbehaving party but also refines network-wide practices to rebuild its reputation and social contract with stakeholders, leading to better CSR performance. Additionally, we argue that home-country CSR mandates enhance this relationship. The reason is that the regulatory mandates heighten the multinational’s sensitivity to the costs of value network partners’ misbehavior, strengthening its response. Analyses of 1262 multinationals from 35 home countries in 2008–2018 support these ideas. They also reveal that while major subsidiary misbehavior leads to higher internal CSR performance, major supplier misbehavior results in higher external CSR performance. These ideas and findings introduce and highlight how managers can use CSR as an ex-post strategic tool for addressing reputational damage caused by misbehavior in their global value networks, complementing the use of CSR as a source of competitive advantage.</p>","PeriodicalId":48453,"journal":{"name":"Journal of International Business Studies","volume":" 10","pages":""},"PeriodicalIF":11.6,"publicationDate":"2023-12-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138491532","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}
{"title":"What produces corporate social irresponsibility in offshore outsourcing? The effects of interorganizational relationship governance and institutional distance","authors":"Michael J. Mol, Sun Hye Lee","doi":"10.1057/s41267-023-00664-5","DOIUrl":"https://doi.org/10.1057/s41267-023-00664-5","url":null,"abstract":"","PeriodicalId":48453,"journal":{"name":"Journal of International Business Studies","volume":"27 9","pages":""},"PeriodicalIF":11.6,"publicationDate":"2023-12-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138596424","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}
{"title":"Paradigm shift and theoretical implications for the era of global disorder","authors":"Yadong Luo","doi":"10.1057/s41267-023-00659-2","DOIUrl":"https://doi.org/10.1057/s41267-023-00659-2","url":null,"abstract":"","PeriodicalId":48453,"journal":{"name":"Journal of International Business Studies","volume":"65 2","pages":""},"PeriodicalIF":11.6,"publicationDate":"2023-12-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138600462","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}
K. Bruijn, P. Georgallis, João Albino-Pimentel, A. Kourula, Hildy Teegen
{"title":"MNE–civil society interactions: a systematic review and research agenda","authors":"K. Bruijn, P. Georgallis, João Albino-Pimentel, A. Kourula, Hildy Teegen","doi":"10.1057/s41267-023-00649-4","DOIUrl":"https://doi.org/10.1057/s41267-023-00649-4","url":null,"abstract":"","PeriodicalId":48453,"journal":{"name":"Journal of International Business Studies","volume":"25 7","pages":""},"PeriodicalIF":11.6,"publicationDate":"2023-11-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139246045","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}
R. Jared DeLisle, Mengying Wang, H. Zafer Yüksel, Gulnara R. Zaynutdinova
{"title":"The effects of import competition on domestic financial markets: The role of limits-to-arbitrage","authors":"R. Jared DeLisle, Mengying Wang, H. Zafer Yüksel, Gulnara R. Zaynutdinova","doi":"10.1057/s41267-023-00655-6","DOIUrl":"https://doi.org/10.1057/s41267-023-00655-6","url":null,"abstract":"<p>While prior studies investigate the consequences of globalization, there remains a notable gap in understanding the market efficiency implications associated with globalization-induced import competition. Through the lens of asset pricing, we explore the financial market consequences of import competition exposure (ICE) and find a dark side of globalization. Consistent with the <i>managerial objectives theory,</i> we show that ICE is associated with high cash flow volatility, information asymmetry, and firm uncertainty. Moreover, ICE is positively related to limits-to-arbitrage (LTA), market inefficiencies such as holding and transactions costs. We find that domestic firms with higher ICE earn larger stock return premiums than those with lower exposure and, consistent with the <i>limits-to-arbitrage theory</i>, we demonstrate that LTA play a positive moderating role in the ICE premium. The use of a natural experiment in our analyses provides additional robust support of our hypotheses. Our findings impact both portfolio management decisions and how firms should incorporate the ICE premium into their cost of capital. A key implication is that firms exposed to import competition should prioritize transparency (such as disseminate highly readable disclosures) in order to diminish information asymmetry and limits-to-arbitrage, which would consequently reduce their associated ICE premium.</p>","PeriodicalId":48453,"journal":{"name":"Journal of International Business Studies","volume":"10 9","pages":""},"PeriodicalIF":11.6,"publicationDate":"2023-11-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138297671","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}
Fiona Kun Yao, Jing Yu Yang, Song Chang, Jane Wenzhen Lu
{"title":"Not all threats are equal: symbolic and realistic threats and the deployment of parent-country nationals","authors":"Fiona Kun Yao, Jing Yu Yang, Song Chang, Jane Wenzhen Lu","doi":"10.1057/s41267-023-00654-7","DOIUrl":"https://doi.org/10.1057/s41267-023-00654-7","url":null,"abstract":"<p>Through extending the psychological approach to threats, we advance a threat–contingency model to understand how two domains of host-country threats–symbolic and realistic–drive multinational enterprises (MNEs) to deploy parent-country nationals to manage their foreign subsidiaries. When faced with symbolic threats related to ethics and morals in a host country, MNEs act rigidly and conservatively, increasing the likelihood of deploying parent-country nationals as executives in foreign subsidiaries. When dealing with realistic threats associated with potential economic losses in a host country, however, MNEs are adaptive, decreasing the tendency to transfer parent-country nationals abroad and increasing the use of host-country nationals in foreign subsidiaries. The two threats interact in affecting staffing decisions. Moreover, industry globalization moderates asymmetrically the influences of the two threats: globalization strengthens the effect of symbolic threats but weakens the effect of realistic threats. We used a primary archival study and supplementary laboratory studies to test our hypotheses. Overall, our study provides an additional theoretical account to explain MNEs’ divergent responses toward two domains of threats in a host country. We conclude the study with implications for international business and global mobility research.</p>","PeriodicalId":48453,"journal":{"name":"Journal of International Business Studies","volume":"110 7","pages":""},"PeriodicalIF":11.6,"publicationDate":"2023-11-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138292866","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}
{"title":"List of Guest Editors","authors":"","doi":"10.1057/s41267-023-00646-7","DOIUrl":"https://doi.org/10.1057/s41267-023-00646-7","url":null,"abstract":"","PeriodicalId":48453,"journal":{"name":"Journal of International Business Studies","volume":"25 5","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134953971","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}
{"title":"Missed connections: A resource-management theory to combat loneliness experienced by globally mobile employees","authors":"Shea X. Fan, Fei Zhu, Margaret A. Shaffer","doi":"10.1057/s41267-023-00658-3","DOIUrl":"https://doi.org/10.1057/s41267-023-00658-3","url":null,"abstract":"<p>All globally mobile employees (GMEs) share a common propensity to experience loneliness when they relocate to a new country where they have yet to establish social connections. To better understand how GMEs combat this feeling, we offer a conceptual process model grounded in conservation of resources (COR) theory to describe how they achieve social integration. The process begins with an assessment of GMEs’ desired versus perceived social relations, with most perceiving a relational deficiency or loneliness. This then triggers an audit of available social resources, which we differentiate in terms of source (personal vs. contextual) and stability (enduring vs. transient) to develop a typology of resources. Depending on the availability of resources, GMEs will follow one of three resource-management pathways to become socially integrated. Those who choose an expansion pathway will achieve what we refer to as deep-level (authentic) social integration and those who follow a protection pathway will attain surface-level (functional) social integration. The underutilization pathway is an interim route that may lead to either a resource-expansion or resource-protection pathway depending on changes in the availability of resources. Our iterative and recursive cyclical process model has implications for international management research, workplace loneliness studies, and COR theory.</p>","PeriodicalId":48453,"journal":{"name":"Journal of International Business Studies","volume":"49 3","pages":""},"PeriodicalIF":11.6,"publicationDate":"2023-11-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91398753","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}
{"title":"Bilateral political tension and the signaling role of patenting in a host country","authors":"Nan Zhou, Jiatao Li, Jue Wang","doi":"10.1057/s41267-023-00657-4","DOIUrl":"https://doi.org/10.1057/s41267-023-00657-4","url":null,"abstract":"Abstract The current increasing volatility in international politics makes it more important to understand how multinational enterprises respond to political tension between host and home countries. This paper explains the impact of macro-level bilateral political tension on micro-level strategy of multinationals in the host country. We developed the idea that patenting may be used to signal a firm’s commitment and contribution to the host country’s economy and development. Data on 437 large multinationals and interviews with senior managers of 20 foreign subsidiaries in China show that patenting local innovation does indeed help an investing firm signal its usefulness to the host country government. It can thus serve as a response to bilateral political tension. The relationship between political tension and local patenting also depends on the relative trade dependence of the home and host countries and on the investing firm’s technology level and its stake in China. The greater the dependence of an MNE and its home country government on the host country, the more likely patenting of local innovations would increase in times of bilateral political tension.","PeriodicalId":48453,"journal":{"name":"Journal of International Business Studies","volume":"71 2","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135934052","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}