Management International Review最新文献_第2页

The Curvilinear Impact of Cultural Friction on Foreign Divestment 文化摩擦对撤资的曲线影响

IF 4.3 3区管理学

Management International Review Pub Date : 2024-03-27 DOI: 10.1007/s11575-024-00528-6

Ha Nguyen, Jorma Larimo, Douglas Dow

{"title":"The Curvilinear Impact of Cultural Friction on Foreign Divestment","authors":"Ha Nguyen, Jorma Larimo, Douglas Dow","doi":"10.1007/s11575-024-00528-6","DOIUrl":"https://doi.org/10.1007/s11575-024-00528-6","url":null,"abstract":"<p>International business scholars have long recognized the potential influence of cultural differences on foreign divestment; however, the empirical results are mixed. Our study helps resolve this contradiction and contribute to the existing literature in three ways. First, we advocate the use of cultural friction metric, instead of the more traditional cultural distance approach. This overcomes a key limitation in the modelling the impact of cultural differences. The friction construct metric includes an index of firm-specific factors, referred to as the degree of ‘cultural interaction’. This index moderates the impact of cultural distance, reflecting firm—level differences. We also build on calls for more Positive Organizational Scholarship by challenging the negative bias in the international business literature and propose a curvilinear effect of cultural differences on divestment probability. Lastly, we investigate a potential boundary condition—the moderating effect of entry mode on the main hypothesis. Our empirical sample include 2120 Finnish foreign subsidiaries operating in 40 countries during 1970–2010. Our analyses confirm that the cultural differences, when measured by the friction metric, appear to be a significant and superior predictor of subsidiary divestment probability, and that the relationship appears to be U-shaped. Our robustness analyses also highlight the importance of which cultural framework is applied and controlling for selection bias.</p>","PeriodicalId":51434,"journal":{"name":"Management International Review","volume":"16 1","pages":""},"PeriodicalIF":4.3,"publicationDate":"2024-03-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140323407","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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

MNCs’ Intermediate Units and Their Choice of Control Mechanisms 跨国公司中间机构及其控制机制的选择

IF 4.3 3区管理学

Management International Review Pub Date : 2024-01-22 DOI: 10.1007/s11575-023-00527-z

引用次数: 0

Multinational Corporations’ Interactions with Host Institutions: Taking Stock and Moving Forward 跨国公司与东道国机构的互动:评估与前进

IF 4.3 3区管理学

Management International Review Pub Date : 2023-11-27 DOI: 10.1007/s11575-023-00525-1

Liudmyla Svystunova, Yulia Muratova, Johann Fortwengel, Tony Edwards

引用次数: 0

De-globalization, International Trade Protectionism, and the Reconfigurations of Global Value Chains 去全球化、国际贸易保护主义与全球价值链重构

IF 4.3 3区管理学

Management International Review Pub Date : 2023-11-24 DOI: 10.1007/s11575-023-00522-4

Nadia Zahoor, Jie Wu, Huda Khan, Zaheer Khan

引用次数: 0

Effects of National Institutions on Corporate Brand Ability Associations During the Pandemic 疫情期间国家制度对企业品牌能力关联的影响

3区管理学

Management International Review Pub Date : 2023-11-06 DOI: 10.1007/s11575-023-00523-3

Nele Jacobs, Bernhard Swoboda

{"title":"Effects of National Institutions on Corporate Brand Ability Associations During the Pandemic","authors":"Nele Jacobs, Bernhard Swoboda","doi":"10.1007/s11575-023-00523-3","DOIUrl":"https://doi.org/10.1007/s11575-023-00523-3","url":null,"abstract":"Abstract During the COVID-19 pandemic, consumer behavior and brand preferences changed. However, surprisingly little is known about how or why corporate brand associations differ and change across countries during such black swan events, especially for multinationals with a specific expertise and ability, for example, to offer vaccines. The authors use institutional theory to fill this gap. They contribute to international business research by analyzing the roles of national institutions in consumers’ corporate brand ability associations (CBAA) in 20 countries over time. They find generally different roles of regulative, normative, and cultural-cognitive institutions in consumers’ CBAA. Moreover, those roles changed and varied for Pfizer, as a multinational corporation that offered the first vaccine in Western countries, and its competitors before and during the pandemic. Institutional theory strongly complements signaling theory in cross-national studies on CBAA. This study shows, for the first time, which institutions drive CBAA cross-nationally and why the role of each institution changes during a black swan event, such as COVID-19. It has direct implications for managers interested in cross-national consumer responses.","PeriodicalId":51434,"journal":{"name":"Management International Review","volume":"45 1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135634778","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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

How Does Protectionism Impact Multinational Firm Reshoring? Evidence from the UK 保护主义如何影响跨国公司回流?来自英国的证据

3区管理学

Management International Review Pub Date : 2023-10-24 DOI: 10.1007/s11575-023-00521-5

Yama Temouri, Vijay Pereira, Agelos Delis, Geoffrey Wood

引用次数: 0

Protectionism and Cross-Border Mergers and Acquisitions Undertaken by US Multinational Enterprises: The Moderating Role of Intellectual Property Rights Protection 保护主义与美国跨国企业的跨国并购:知识产权保护的调节作用

3区管理学

Management International Review Pub Date : 2023-10-10 DOI: 10.1007/s11575-023-00518-0

Ahmad Arslan, Ofra Bazel-Shoham, Matthew Imes, Sang Mook Lee, Amir Shoham

{"title":"Protectionism and Cross-Border Mergers and Acquisitions Undertaken by US Multinational Enterprises: The Moderating Role of Intellectual Property Rights Protection","authors":"Ahmad Arslan, Ofra Bazel-Shoham, Matthew Imes, Sang Mook Lee, Amir Shoham","doi":"10.1007/s11575-023-00518-0","DOIUrl":"https://doi.org/10.1007/s11575-023-00518-0","url":null,"abstract":"Abstract This paper examines the impact of protectionism and intellectual property right (IPR) protection in host markets on cross-border mergers and acquisitions (CB M&As). CB M&As have become important vehicles for firms to expand into foreign markets and acquire strategic assets. In recent years, the topic has attracted significant scholarly interest. Recently, many countries have enacted protectionist measures to protect local firms and jobs. Consequently, the impact such measures have on economic activities is under debate in the literature. This study leverages the vital context of CB M&As undertaken by US multinational enterprises (MNEs) between 2011 and 2017 in 49 host countries. The findings indicate that host country IPR protection has a much more substantial and positive impact on CB M&A activities undertaken by USA MNEs than the protectionist policies of the host country by itself. The findings further suggest that, although local protectionism, by itself, does not play a significant role in CB M&As, its presence strengthens the positive effect of IPR protection on CB M&A activities in the host country, thereby supporting the contingent role of such protection. These findings have important implications for research, practice, and policy.","PeriodicalId":51434,"journal":{"name":"Management International Review","volume":"38 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136294851","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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

Dealing with Trust Deficit and Liabilities of Foreignness in Host Countries: Chinese Multinational Enterprises in Australia 东道国信任赤字与涉外负债的处理:在澳中资跨国企业

3区管理学

Management International Review Pub Date : 2023-10-10 DOI: 10.1007/s11575-023-00524-2

Mingqiong Mike Zhang, Ying Lu, Jiuhua Cherrie Zhu, Kaixin Zhang

{"title":"Dealing with Trust Deficit and Liabilities of Foreignness in Host Countries: Chinese Multinational Enterprises in Australia","authors":"Mingqiong Mike Zhang, Ying Lu, Jiuhua Cherrie Zhu, Kaixin Zhang","doi":"10.1007/s11575-023-00524-2","DOIUrl":"https://doi.org/10.1007/s11575-023-00524-2","url":null,"abstract":"Abstract In the face of growing global tendencies of anti-globalization and de-globalization, emerging economy multinational enterprises (EMNEs) are suffering from a trust deficit and multiple liabilities of foreignness in leading economies. The purpose of this study is to empirically examine the coping strategies of EMNEs towards the challenging institutional environment in host countries. It adopts a qualitative approach, conducting longitudinal multiple cases studies among MNE subsidiaries and employing interviews as the main method of data collection. The findings reveal that EMNEs are not passive recipients of the adverse institutional environment and adopt institutional adaptation as the only response strategy. Given that a single strategy cannot be effective, they have developed both proactive and protective strategies to handle the multiple liabilities of foreignness and trust deficit. This study can help EMNEs gain a better understanding of the dominance effect and develop more effective measures to manage challenging institutional environments in host countries. Given that interactions between institutional environments and firm-level strategies of MNEs remain under-researched, this study advances understanding of strategies and behaviours of MNEs in host countries.","PeriodicalId":51434,"journal":{"name":"Management International Review","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136296160","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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

Subsidiary Capital Structure in Multinational Enterprises: A New Internalization Theory Perspective 跨国企业子公司资本结构:一个新的内部化理论视角

3区管理学

Management International Review Pub Date : 2023-09-27 DOI: 10.1007/s11575-023-00517-1

Asmund Rygh, Gabriel R. G. Benito

{"title":"Subsidiary Capital Structure in Multinational Enterprises: A New Internalization Theory Perspective","authors":"Asmund Rygh, Gabriel R. G. Benito","doi":"10.1007/s11575-023-00517-1","DOIUrl":"https://doi.org/10.1007/s11575-023-00517-1","url":null,"abstract":"Abstract We study subsidiary capital structure as a mechanism of intra-MNE (multinational enterprise) governance from the perspective of “new internalization theory”. We build on the argument from transaction cost theory that equity and debt are not just financial instruments but also alternative governance structures, with equity useful for financing specific assets that do not serve well as collateral, especially when external uncertainty is high. Inside an MNE, debt represents a partial reintroduction of market mechanisms that can limit governance costs and strengthen subsidiary manager incentives. However, debt financing may be inappropriate if subsidiaries possess specific assets that are lost if debt contracts are enforced. Using subsidiary-level panel data from Norwegian MNEs, we argue that patents registered in the subsidiary represent MNE-specific non-location bound knowledge assets, while subsidiary R&D income represents location-bound and subsidiary-specific assets. We predict MNE-specific assets to be negatively related to external debt, and subsidiary-specific assets to be negatively related to all debt, under conditions of external uncertainty. We find only partial support for our hypotheses. Patents are negatively related to external debt when external uncertainty in the form of political risk is high. However, we do not find similar significant results for location-bound and subsidiary-specific assets, measured by subsidiary R&D income. For both measures, there is evidence that debt financing is viable in low-risk contexts. Further analysis indicates different effects for joint ventures as compared to wholly owned subsidiaries. We build on the partly unexpected results to propose an expanded internalization perspective on subsidiary capital structure.","PeriodicalId":51434,"journal":{"name":"Management International Review","volume":"80 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135536626","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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

Protectionism and its Impact on MNC Subsidiaries’ Performance 保护主义及其对跨国公司子公司绩效的影响

3区管理学

Management International Review Pub Date : 2023-09-27 DOI: 10.1007/s11575-023-00519-z

Pervez N. Ghauri, Simon Shufeng Xiao, Byung Il Park, Seong-Jin Choi

引用次数: 0