Hongshu Wang , Xinwei Shi , Wenwei Chen , Zeyu Chen , Zhijie Wang
{"title":"The impact of formal and informal institutional distances on the strategic asset seeking motives of Chinese multinational enterprises: An analysis of patent and trademark acquisitions","authors":"Hongshu Wang , Xinwei Shi , Wenwei Chen , Zeyu Chen , Zhijie Wang","doi":"10.1016/j.ibusrev.2024.102297","DOIUrl":"10.1016/j.ibusrev.2024.102297","url":null,"abstract":"<div><p>This study was to examine the influence of specific contributory variables within formal versus informal institutional distances on the sub-motives of emerging-market multinational enterprises’ (EMNEs) strategic-asset seeking (SAS), in order to gain insights into the behaviours and motivations of increasing outward foreign direct investment (OFDI) from emerging economies like China. From a multinomial logistic regression analysis of both firm and macro-level data, it was found that private business groups (PBGs) were more likely to target and acquire firms with patents and trademarks. The findings also suggest that the informal cultural distance was significantly associated solely with the EMNEs’ motive for seeking companies with trademarks but no patents. The association between formal institutional distance with EMNEs’ SAS behaviours was not significant. The findings also revealed that certain sub-dimensions of formal and informal cross-national distance had significant effects on overseas specific SAS behaviours. These findings inform further exploration of determinants of EMNEs’ SAS behaviours and provide a more comprehensive understanding of EMNEs’ internationalization trends. This research contributes to the current literature on EMNEs and provides practical and managerial implications for EMNE decision-makers while investing abroad.</p></div>","PeriodicalId":51352,"journal":{"name":"International Business Review","volume":"33 4","pages":"Article 102297"},"PeriodicalIF":8.7,"publicationDate":"2024-04-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140777850","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 through social networks: A systematic review and future research agenda","authors":"Xiaomin Han , François Goxe , Susan Freeman","doi":"10.1016/j.ibusrev.2024.102292","DOIUrl":"10.1016/j.ibusrev.2024.102292","url":null,"abstract":"<div><p>This paper provides a systematic review of 210 papers on social networks and firm internationalization published between 2010 and 2022. It presents a comprehensive analysis of how social networks influence firm internationalization, following the concept of “insidership”. We classify social networks into individual, organizational, and national levels, and link these network levels and their characteristics with internationalization behavior, degree, and performance. We find that social networks promote internationalization through resources, trust, knowledge, and capabilities but can also have negative effects. In addition, we integrate boundary conditions from individual, firm, and environmental levels. In particular, we show that few theories focus on the impact of decision makers’ psychological and cognitive mechanisms on firms’ internationalization through social networks. Additionally, limited studies pursue dynamic and comparative research designs, with few adopting quasi-experimental and longitudinal qualitative methods. Therefore, we call for more creativity in exploring managerial roles and strategic decisions in internationalization through extended social network syntheses and reflective methodologies.</p></div>","PeriodicalId":51352,"journal":{"name":"International Business Review","volume":"33 4","pages":"Article 102292"},"PeriodicalIF":8.7,"publicationDate":"2024-04-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0969593124000398/pdfft?md5=b1fde46d8e50964b1e14caafd20b7ba6&pid=1-s2.0-S0969593124000398-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140756820","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Javad E. Nooshabadi , Audra I. Mockaitis , Richa Chugh
{"title":"Chief executive officer’s dark triad personality and firm's degree of internationalization: The mediating role of ambidexterity","authors":"Javad E. Nooshabadi , Audra I. Mockaitis , Richa Chugh","doi":"10.1016/j.ibusrev.2024.102296","DOIUrl":"10.1016/j.ibusrev.2024.102296","url":null,"abstract":"<div><p>This study empirically examines the relationships among CEOs’ dark triad personality (narcissism, psychopathy, and Machiavellianism), ambidexterity, and firms’ internationalization behavior. Dark triad personality traits have attracted growing attention in the fields of psychology and organizational behavior due to their influence on individual decision-making, particularly by individuals in executive leadership roles. We extend research on dark triad personality to international business (IB) and examine the link between IB decision-makers’ personality traits and firms’ IB outcomes. Our research highlights the complex dynamics shaping firm internationalization, with both the CEO’s dark triad personality and ambidexterity playing significant roles in driving firm internationalization outcomes. An analysis of 405 firms from the United Kingdom and the United States reveals that ambidexterity partially mediates the relationship between dark triad personality and the degree of internationalization and that firms pursuing internationalization may benefit from CEOs with a dark triad personality.</p></div>","PeriodicalId":51352,"journal":{"name":"International Business Review","volume":"33 4","pages":"Article 102296"},"PeriodicalIF":8.7,"publicationDate":"2024-04-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S096959312400043X/pdfft?md5=524b522f54e2fc8d7576eeae46eab3b7&pid=1-s2.0-S096959312400043X-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140759705","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Andrea Calabrò , Ignacio Requejo , Fernando Reyes-Reina , Maria J. Sanchez-Bueno , Isabel Suárez-González
{"title":"Nearby or faraway? Determinants of target selection in family firm acquisitions","authors":"Andrea Calabrò , Ignacio Requejo , Fernando Reyes-Reina , Maria J. Sanchez-Bueno , Isabel Suárez-González","doi":"10.1016/j.ibusrev.2024.102295","DOIUrl":"10.1016/j.ibusrev.2024.102295","url":null,"abstract":"<div><p>We posit that, beyond the distinction between domestic and cross-border deals, family ownership configurations and board ownership determine whether family firms (FFs) prefer targets from closer or more distant markets, thus highlighting the crucial role of geographical distance when conducting acquisitions abroad. We further investigate whether target selection depends on firm performance relative to its aspirations. To test our hypotheses, we gather a comprehensive sample of 7297 acquisition deals, of which 3180 are cross-border transactions, undertaken by family and non-FFs from 30 European countries during the 2007–2015 period, with target firms located in 65 different countries. Our empirical strategy allows us to analyze FFs’ preference in terms of geographical distance when they decide to acquire a foreign company. The main findings suggest that FFs acquire targets from closer locations when there is a group of minority family shareholders or a higher level of board ownership. Meanwhile, FFs performing below their aspirations acquire more distant targets compared to other FFs. Our findings contribute to international business (IB) research by demonstrating that the distinction between domestic and foreign targets is not enough when investigating acquisitions, but the distance to the target firm is vital for a better understanding of cross-border deals.</p></div>","PeriodicalId":51352,"journal":{"name":"International Business Review","volume":"33 4","pages":"Article 102295"},"PeriodicalIF":8.7,"publicationDate":"2024-04-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140758324","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":"Constructing organizational culture in an international subsidiary: Elekta healthcare services in Greece","authors":"Maria Fregidou-Malama, Akmal S. Hyder","doi":"10.1016/j.ibusrev.2024.102293","DOIUrl":"10.1016/j.ibusrev.2024.102293","url":null,"abstract":"<div><h3>Purpose</h3><p>This study analyzes the development of organizational culture in an international subsidiary in healthcare through the interaction of the parent company and local culture.</p></div><div><h3>Design/methodology/approach</h3><p>We conducted a single case study on Elekta Greece, a subsidiary of the multinational company Elekta based in Sweden via interviews.</p></div><div><h3>Findings</h3><p>The company creates a unique organizational culture, called the <em>Philotask</em> culture, that takes into consideration the cultural contexts of Sweden and Greece, the value of philotimo, situation in the market, and the type of company and services.</p></div><div><h3>Research implications/limitations</h3><p>The model consists of a context-grounded framework focusing on healthcare. Research in other countries and industries can help to generalize this model.</p></div><div><h3>Practical implications</h3><p>The findings indicate that to develop organizational culture, managers need to consider the local cultural context.</p></div><div><h3>Originality/value</h3><p>This research contributes to organizational culture theory, reporting on the Philotask model that emerged.</p></div>","PeriodicalId":51352,"journal":{"name":"International Business Review","volume":"33 4","pages":"Article 102293"},"PeriodicalIF":8.7,"publicationDate":"2024-04-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0969593124000404/pdfft?md5=5dec9c60e2a79dc2f5a1b49b4f4571c7&pid=1-s2.0-S0969593124000404-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140769557","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"International experience of a manager; toward a new conceptualization","authors":"Alireza Safargholi","doi":"10.1016/j.ibusrev.2024.102290","DOIUrl":"10.1016/j.ibusrev.2024.102290","url":null,"abstract":"<div><p>This study aims to propose a new comprehensive conceptualization of the manager-level international experience (MIE) concept. It achieves this by building a framework based on Dewey`s philosophy of experience, conducting a systematic review of business and management literature, and integrating the results of these two steps. The outcome depicts MIE as a nine-dimensional concept encompassing length, depth, breadth, diversity, intensity, extensity, complexity, epic, and echo, operationalizable at regional or global levels of analysis. The new conceptualization can integrate the literature and pave the way for future empirical studies in various research fields, such as experiential knowledge and learning.</p></div>","PeriodicalId":51352,"journal":{"name":"International Business Review","volume":"33 4","pages":"Article 102290"},"PeriodicalIF":8.7,"publicationDate":"2024-04-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140763417","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":"Reputation, dynamic capabilities, and the global footprint of corporate venture capital programs","authors":"Sergey Anokhin , Fabian Eggers , Andrey Kretinin","doi":"10.1016/j.ibusrev.2024.102281","DOIUrl":"10.1016/j.ibusrev.2024.102281","url":null,"abstract":"<div><div>In a sample of 163 corporations observed over a course of four years, we study the joint impact of reputation and dynamic capabilities on the international expansion of corporate venture capital (CVC) programs. Our findings suggest that CVC reputation positively affects the global footprint of CVC programs, and that dynamic capabilities positively moderate this relationship. The results are robust to alternative operationalizations of reputation and dynamic capabilities. A post-hoc analysis suggests that different facets of the CVC reputation contribute to the observed effects. Specifically, a reputation for experience and a reputation for involvement with portfolio ventures positively affect the global footprint of a CVC program. At the same time, a reputation for misconduct with respect to intellectual property<span> suppresses internationalization of CVC programs. The effects of reputations for involvement and misconduct are positively moderated by dynamic capabilities of corporate investors, whereas the effect of reputation for experience is not affected by dynamic capabilities.</span></div></div>","PeriodicalId":51352,"journal":{"name":"International Business Review","volume":"34 2","pages":"Article 102281"},"PeriodicalIF":5.9,"publicationDate":"2024-03-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140400414","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":"Country portfolio diversity and firms’ portfolio adjustment decisions: A behavioral perspective","authors":"Guus Hendriks , Arjen H.L. Slangen , Pursey P.M.A.R. Heugens","doi":"10.1016/j.ibusrev.2024.102280","DOIUrl":"10.1016/j.ibusrev.2024.102280","url":null,"abstract":"<div><p>Taking a behavioral perspective, we explore how environmental diversity in a firm’s country portfolio shapes managers’ decisions to adjust the portfolio through foreign entries and exits. We argue that country portfolio diversity causes firms to exponentially incur behavioral failures and coordination costs that serve as a distress signal to managers, who therefore increasingly restrict foreign entries and increasingly undertake foreign exits as a function of such diversity. Applying performance feedback theory, we also argue that managers’ tendency to interpret behavioral failures and coordination costs from portfolio diversity as a distress signal – and, hence, their tendency to restrict entries and undertake exits as a function of such diversity – depends on whether their firm performs below or above their aspirations. Using measures of cultural, administrative, geographic and economic portfolio diversity, we find support for our ideas in a panel data analysis of all foreign entries and exits by 232 retailers from 24 countries over the period 2001–2007. Our findings illustrate the value of applying a behavioral lens to explain changes in a firm’s full set of international activities.</p></div>","PeriodicalId":51352,"journal":{"name":"International Business Review","volume":"33 4","pages":"Article 102280"},"PeriodicalIF":8.7,"publicationDate":"2024-03-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0969593124000271/pdfft?md5=41d5572b4db70d07d01103b54f6b107e&pid=1-s2.0-S0969593124000271-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140402764","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Emerging market multinationals and the politics of internationalization","authors":"Peter Gammeltoft , Andrei Panibratov","doi":"10.1016/j.ibusrev.2024.102278","DOIUrl":"10.1016/j.ibusrev.2024.102278","url":null,"abstract":"<div><p>Firms’ internationalization, the most essential topic in the international business discipline, have in recent years become highly entangled with political processes at multiple levels. Neither firm strategies and processes, nor IB theories and models have yet caught up with increasing politicization. In this paper, we pose three questions: why are firms increasingly affected by politics in their internationalization? How do firms respond to the increasing role of politics? And finally, how do theories considered foundational across IB research incorporate politics? We discuss how the resource-based view, transaction cost economics, institutional theory and agency theory relate to politics. Further, we identify eight predominant dimensions where firms are affected by politics. Finally, we suggest that the increasing role of politics can be ascribed not only to specific macro-level historical events but also to more fundamental micro-level transformations in prevalent institutional configurations of firms’ value adding activities.</p></div>","PeriodicalId":51352,"journal":{"name":"International Business Review","volume":"33 3","pages":"Article 102278"},"PeriodicalIF":8.7,"publicationDate":"2024-03-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0969593124000258/pdfft?md5=e3fe95f5122950e622633e44aa5a40f7&pid=1-s2.0-S0969593124000258-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140280370","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The impact of open innovation on the environmental sustainability practices and international sales intensity nexus: A multicountry study","authors":"","doi":"10.1016/j.ibusrev.2024.102279","DOIUrl":"10.1016/j.ibusrev.2024.102279","url":null,"abstract":"<div><p>Amid growing environmental concerns and increasing customer demand for environmental sustainability practices (ESP), international firms strive to develop ESP and leverage resources across their global networks as key players in global innovation systems. In this context, we investigate whether adopting an open innovation (OI) strategy is a viable solution to meet the demand for ESP and foster internationalization. Specifically, this study examines the potential moderating effect of OI on ESP because both entail the ability to coordinate, orchestrate, and synchronize networks to enhance international sales. Our study encompasses a multicountry sample of 514 internationally operating manufacturers. The findings reveal that simultaneous efforts to adopt OI with suppliers and ESP constrain the positive association between ESP and international sales intensity. We provide theoretical arguments to elucidate this counterintuitive finding, thereby revitalizing the discussion on the role of international firms’ adoption of ESP and sustainable innovation.</p></div>","PeriodicalId":51352,"journal":{"name":"International Business Review","volume":"33 5","pages":"Article 102279"},"PeriodicalIF":5.9,"publicationDate":"2024-03-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S096959312400026X/pdfft?md5=f631ef301818b359cf592dda86d78502&pid=1-s2.0-S096959312400026X-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140148450","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}