Anisur R. Faroque , Arafat Rahman , Mohammad Osman Gani , Imranul Hoque
{"title":"Heuristics and decision rationality in entry mode choice: Implications for decision effectiveness and international performance","authors":"Anisur R. Faroque , Arafat Rahman , Mohammad Osman Gani , Imranul Hoque","doi":"10.1016/j.ibusrev.2025.102521","DOIUrl":"10.1016/j.ibusrev.2025.102521","url":null,"abstract":"<div><div>This study explores how heuristics (availability and representativeness) and analytic rational decision-making influence the selection of international business entry modes and their subsequent impact on decision effectiveness and international performance. Grounded in dual-process theories, the research develops hypotheses linking heuristics, analytic rationality, decision effectiveness, and international outcomes. Utilizing a quantitative survey approach, the findings reveal that integrating the availability heuristic with analytic rational decision-making enhances the quality of internationalization decisions, whereas combining analytic decision-making with the representativeness heuristic can diminish decision effectiveness. These results emphasize the critical role of balancing heuristic and analytical approaches in managerial decision-making for international entry, contributing to dual-process theories within the international business context and providing valuable insights into the cognitive strategies shaping entry mode selection and organizational performance.</div></div>","PeriodicalId":51352,"journal":{"name":"International Business Review","volume":"35 1","pages":"Article 102521"},"PeriodicalIF":6.1,"publicationDate":"2025-10-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145221241","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}
Joan-Lluís Capelleras , Victor Martin-Sanchez , Chao Zhang
{"title":"Family management, external R&D collaboration, and the speed and scope of internationalization","authors":"Joan-Lluís Capelleras , Victor Martin-Sanchez , Chao Zhang","doi":"10.1016/j.ibusrev.2025.102522","DOIUrl":"10.1016/j.ibusrev.2025.102522","url":null,"abstract":"<div><div>This study investigates the dilemma faced by family firms in internationalization, balancing socioemotional wealth (SEW) preservation with potential financial gains. Drawing on the mixed gamble perspective, we first examine how family management influences the speed and scope of international expansion. Secondly, we explore the moderating role of external R&D collaboration in these relationships. Drawing on panel data from 3366 Spanish firms and 24,695 firm-year observations, we find that family-managed firms proceed more slowly with internationalization but tend to expand across a broader range of markets. Furthermore, external R&D collaboration supports a wider scope without necessarily accelerating speed. These findings offer new insights into how family management shapes internationalization, highlighting external R&D collaboration as a selective moderator.</div></div>","PeriodicalId":51352,"journal":{"name":"International Business Review","volume":"35 1","pages":"Article 102522"},"PeriodicalIF":6.1,"publicationDate":"2025-09-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145158566","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":"The double bind: Human resource management under sanctions and skilled labor exodus","authors":"Marina Latukha , Desislava Dikova , Andrei Panibratov , Nikita Kuleshov","doi":"10.1016/j.ibusrev.2025.102520","DOIUrl":"10.1016/j.ibusrev.2025.102520","url":null,"abstract":"<div><div>This paper examines how human capital (HC) outflows, triggered by economic sanctions imposed on Russia, constitute a profound environmental disruption with long-term consequences for firms. Drawing on HC theory and based on case studies of three companies in the Russian IT sector, the study analyzes how large-scale talent relocation, referred to as brain-drain, undermines firms’ strategic investments in HC development. We find that in the face of sustained uncertainty, human resource (HR) managers adopt reactive approaches, leading to the widespread abandonment of professional development initiatives. We argue that this shift risks eroding organizational capabilities and placing firms at a long-term competitive disadvantage. By moving beyond macroeconomic discussions of sanctions and focusing on firm-level human resource management (HRM) responses, this study offers new theoretical insights into how geopolitical shocks reshape HRM practices and disrupt the underlying logic of HC investment in high-skill industries.</div></div>","PeriodicalId":51352,"journal":{"name":"International Business Review","volume":"35 1","pages":"Article 102520"},"PeriodicalIF":6.1,"publicationDate":"2025-09-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145119286","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":"International high-tech cross-border acquisitions and long-term employment growth in foreign target firms: Are EMNEs catching up by hiring in foreign technological clusters?","authors":"Ludan Wu , Dylan Sutherland , John R. Anderson","doi":"10.1016/j.ibusrev.2025.102507","DOIUrl":"10.1016/j.ibusrev.2025.102507","url":null,"abstract":"<div><div>Do emerging market (E)MNEs, compared with developed market (D)MNEs, engage in more post-acquisition hiring when acquiring foreign high-tech firms? Drawing on the concepts of ‘home base augmentation’ and ‘catching up by hiring’ and extending them to high-tech cross-border M&As, we argue that EMNEs use post-acquisition hiring to access knowledge and embed themselves in world leading innovation networks to build innovation related dynamic capabilities. Using a large, matched sample of cross-border acquisitions, we find that EMNE acquisitions are associated with significantly higher post-acquisition employment growth than DMNE acquisitions. This effect is especially strong when targets are located in developed market technological clusters. These findings suggest that employment growth is not merely a by-product of acquisition, but a deliberate strategy through which EMNEs develop technological capabilities.</div></div>","PeriodicalId":51352,"journal":{"name":"International Business Review","volume":"35 1","pages":"Article 102507"},"PeriodicalIF":6.1,"publicationDate":"2025-09-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145049119","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":"Navigating the uncertainty of foreign legal systems: An organizational life stage model","authors":"Jifeng Yu , Dennis Duchon , Skylar Rolf","doi":"10.1016/j.ibusrev.2025.102508","DOIUrl":"10.1016/j.ibusrev.2025.102508","url":null,"abstract":"<div><div>This study aims to better understand the role of firm age and foreign legal systems (FLSs) in firms’ location choices for foreign direct investment (FDI). Anchored in the institutional foundations of the OLI paradigm, our theoretical framework integrates insights from the literatures on regulations and organizational life cycles. We argue and find support for the idea that a firm’s reliance on public rule of law (ROL) perception varies with its life stage. We also find that the effect of public ROL perception on FDI location choice is moderated by two alternative sources of FLS knowledge (FLS experience and foreign partners). Our preliminary evidence suggests a possible learning advantage of adolescence.</div></div>","PeriodicalId":51352,"journal":{"name":"International Business Review","volume":"35 1","pages":"Article 102508"},"PeriodicalIF":6.1,"publicationDate":"2025-09-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145020473","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":"Internationalization and Private Equity Partnerships: Legal Origin Heterogeneity and Fund Performance","authors":"Geoffrey Wood , Giorgos Papagiannakis , Marilou Ioakimidis , Jens Martin","doi":"10.1016/j.ibusrev.2025.102509","DOIUrl":"10.1016/j.ibusrev.2025.102509","url":null,"abstract":"<div><div>This study examines the impact of heterogeneity in legal origin between partners on the performance of Private Equity (PE) funds. Using a dataset of 3658 buyouts from 2000 to 2016, we show that internationalized PE partnerships, where Limited Partners (LPs) and General Partners (GPs) are from different legal systems, underperform compared to those within a single legal regime. We attribute this effect to challenges in contract enforcement and monitoring. Interestingly, while GP experience does not mitigate this negative effect, LP experience seems to intensify it, possibly due to overconfidence. We further find that funds with civil law GPs and common law LPs perform worse in terms of IRRs and MOIC, whereas the opposite combination only shows a decrease in MOIC. We explore potential explanations for these patterns, including the role of institutional differences, and discuss their implications for theories of PE internationalization and avenues for future research.</div></div>","PeriodicalId":51352,"journal":{"name":"International Business Review","volume":"35 1","pages":"Article 102509"},"PeriodicalIF":6.1,"publicationDate":"2025-09-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145004972","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":"Foreign ownership and R&D networks: Geographic and organizational proximity in R&D cooperation","authors":"Yingmin Wei , André Spithoven","doi":"10.1016/j.ibusrev.2025.102506","DOIUrl":"10.1016/j.ibusrev.2025.102506","url":null,"abstract":"<div><div>Foreign direct investment (FDI) enables firms to leverage the extensive international networks of foreign investors, potentially gaining a competitive advantage over domestic-owned firms and assuming distinct roles in R&D cooperation. To explore the effect of foreign ownership on firms’ choice of R&D partners, this study focuses on two key dimensions of R&D cooperation—partners’ location and group membership—and two aspects of R&D networks—the breadth and depth. Partners’ location investigates the geographic proximity between cooperating partners, while a shared business group membership fits the concept of organizational proximity. Using the biennial R&D survey from 2001 to 2017 conducted in Belgium, we find that foreign-owned firms are more likely to engage in various configurations of R&D cooperation than domestic-owned firms and maintain more extensive R&D networks, with a particular preference for international and intra-group cooperation. The findings indicate that foreign ownership helps to transcend geographic proximity but constrains firms to organizational proximity in R&D cooperation, thus reshaping the R&D cooperation landscape for firms.</div></div>","PeriodicalId":51352,"journal":{"name":"International Business Review","volume":"35 1","pages":"Article 102506"},"PeriodicalIF":6.1,"publicationDate":"2025-09-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144933699","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":"Navigating liabilities of foreignness in weak and challenging institutional environments: Strategies of established multinational enterprise subsidiaries in Cameroon","authors":"Young Hoon An","doi":"10.1016/j.ibusrev.2025.102505","DOIUrl":"10.1016/j.ibusrev.2025.102505","url":null,"abstract":"<div><div>This research article investigates the liability of foreignness confronting foreign firms operating in Africa and delineates strategies aimed at overcoming these challenges. While research to date have investigated the challenges experienced by firms in developed and emerging economies, our knowledge of liability of foreignness in weak and challenging environment is limited. The paper draws on in-depth interviews with executives, senior managers of sixteen multinational subsidiaries and local stakeholders in Cameroon to explore and explicate the different types of LOF that exist in Cameroon and the strategic responses in managing the liability of foreignness. Through empirical analysis, we uncover a spectrum of hurdles, and categorise different types of LOF; cognitive, normative and regulative. Facing these challenges, we find that MNE subsidiaries use Influence, Compromise and Avoid approaches to effectively mitigate the liabilities. The study contributes to both theoretical understanding and managerial practice, shedding light on the diverse challenges and actionable approaches for MNE subsidiaries in weak and challenging environments.</div></div>","PeriodicalId":51352,"journal":{"name":"International Business Review","volume":"34 6","pages":"Article 102505"},"PeriodicalIF":6.1,"publicationDate":"2025-08-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144863910","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":"International intensity, regional dispersion, and institutional distance: How a multinational configuration shapes capital structure","authors":"Samia Belaounia, Ghassen Bouslama","doi":"10.1016/j.ibusrev.2025.102504","DOIUrl":"10.1016/j.ibusrev.2025.102504","url":null,"abstract":"<div><div>This study examines how international expansion shapes firms’ capital structure decisions. Going beyond traditional measures of internationalization, our multidimensional perspective distinguishes between the scale of foreign operations (international intensity), the breadth of geographic engagement (regional dispersion), and the institutional distance between home and host countries. Drawing on co-insurance theory and organizational institutionalism, we argue that these dimensions interact to influence firms’ leverage decisions. Using panel data from 215 listed firms across 16 European countries (2010–2020), we find that internationalization is associated with lower long-term debt levels. This negative effect is especially pronounced when firms operate across multiple global regions or in institutionally distant environments. These findings suggest that the risks and coordination challenges associated with regional dispersion and institutional heterogeneity outweigh potential diversification benefits, prompting firms to adopt more conservative capital structures. To address endogeneity, we apply a system GMM estimator and visualize key interaction effects using average marginal effects. The results underscore that, when assessing the financial consequences of global expansion, both practitioners and scholars must consider the structural configuration of a firm’s international footprint, not merely its intensity.</div></div>","PeriodicalId":51352,"journal":{"name":"International Business Review","volume":"34 6","pages":"Article 102504"},"PeriodicalIF":6.1,"publicationDate":"2025-08-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144863907","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":"Effects of institutional (in)congruence between home and host countries on the ownership level of cross-border M&As","authors":"Yafei Hu , Yuanxu Li","doi":"10.1016/j.ibusrev.2025.102502","DOIUrl":"10.1016/j.ibusrev.2025.102502","url":null,"abstract":"<div><div>Institutional (in)congruence between home and host countries plays an important role in cross-border mergers and acquisitions (M&As). Drawing upon prior research on the diversity strand from an institutional economics perspective, we explore the (in)congruence effects of both formal and informal institutions between home and host countries on the ownership level of cross-border M&As. Using a sample of 19352 deals in Belt and Road Initiative (BRI) countries in 2008–2020, we find empirical support for congruence and incongruence effects for both formal and informal institutions. Our research contributes to the institutional economics literature by introducing a typology of formal institutional congruence, formal institutional incongruence, informal institutional congruence, and informal institutional incongruence. It also contributes to the international business literature by highlighting the critical roles that both formal and informal institutional congruence between home and host countries play in determining the ownership percentage of cross-border M&As.</div></div>","PeriodicalId":51352,"journal":{"name":"International Business Review","volume":"34 6","pages":"Article 102502"},"PeriodicalIF":6.1,"publicationDate":"2025-08-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144841808","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}