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The Changing Strategies of International Business: How MNEs Manage in a Changing Commercial and Political Landscape PDF

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The Changing Strategies of International Business How MNEs Manage in a Changing Commercial and Political Landscape Edited by Agnieszka Chidlow, Pervez N. Ghauri, Thomas Buckley, Emma C. Gardner, Amir Qamar & Emily Pickering The Academy of International Business Series Editors Academy of International Business Michigan State University East Lansing, USA Rudolf Sinkovics Alliance Manchester Business School University of Manchester Manchester, UK Olli Kuivalainen Lappeenranta University of Technology Lappeenranta, Finland The Academy of International Business – AIB-UKI Chapter book series is dedicated to publish cutting-edge research in International Business (IB) that is of contemporary relevance and at the cusp of conceptual and empirical development. The socio-political environment within which IB activity takes place is reconfigured and transformed with tremendous speed. This book series seeks to close the time-to-market of new findings and offer a solid evi- dence base and frameworks that helps to understand these changes. Each of the editions curates the work that exists under a special IB theme, bringing together advances by leading authors in the field. More information about this series at http://www.palgrave.com/gp/series/14246 Agnieszka Chidlow • Pervez N. Ghauri Thomas Buckley • Emma C. Gardner Amir Qamar • Emily Pickering Editors The Changing Strategies of International Business How MNEs Manage in a Changing Commercial and Political Landscape Editors Agnieszka Chidlow Pervez N. Ghauri Birmingham Business School Birmingham Business School University of Birmingham University of Birmingham Birmingham, UK Birmingham, UK Thomas Buckley Emma C. Gardner Management School Birmingham Business School University of Sheffield University of Birmingham Sheffield, UK Birmingham, UK Amir Qamar Emily Pickering Birmingham Business School Birmingham Business School University of Birmingham University of Birmingham Birmingham, UK Birmingham, UK The Academy of International Business ISBN 978-3-030-03930-1 ISBN 978-3-030-03931-8 (eBook) https://doi.org/10.1007/978-3-030-03931-8 Library of Congress Control Number: 2018964107 © The Editor(s) (if applicable) and The Author(s), under exclusive licence to Springer Nature Switzerland AG 2019 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or informa- tion storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors, and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. This Palgrave Macmillan imprint is published by the registered company Springer Nature Switzerland AG The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland Contents Part I Risky Business: Multinationals, Governments and Political Risk 1 1 Legitimacy and Institutional Governance Infrastructure: Understanding Political Risk from a Chinese MNE Perspective 3 Xia Han and Xiaohui Liu 2 Applying Theory to Understand How Multinational Firms Address Brexit 27 Saad Laraqui and Bert J. Jarreau 3 Bureaucrats in International Business: A Review of Five Decades of Research on State-Owned MNEs 49 Asmund Rygh Part II Paths to Performance and Current Perspectives on Emerging Markets 71 4 Contextual Transfer Barriers, Social Interaction, and Innovation Transfer Performance 73 Olivia H. Kang and Pao T. Kao v vi Contents 5 Equity Ownership Strategy in Greenfield Investments: Influences of Host Country Infrastructure and MNE Resources in Emerging Markets 95 Ahmad Arslan, Jorma Larimo, and Desislava Dikova 6 The Value of Local Externalities in Country- of- Origin Clusters: Evidence from China 117 Berrbizne Urzelai and Francisco Puig 7 Acquirer’s Country of Origin and Target Firm’s Performance 135 Jinlong Gu, Yong Yang, and Roger Strange 8 Human Rights Reporting of BRIC and Non- BRIC MNEs: An Exploratory Comparative Analysis 157 Stefan Zagelmeyer Part III International Small (but) Mighty Enterprises and Entrepreneurs 175 9 The Role of Culture in Responsible Business Practice: An Exploration of Finnish and Russian SMEs 177 Maria Uzhegova, Lasse Torkkeli, and Maria Ivanova-Gongne 10 The Internationalization of Born-Digital Companies 199 Ioan-Iustin Vadana, Lasse Torkkeli, Olli Kuivalainen, and Sami Saarenketo 11 Technological Disruptions and Production Location Choices 221 Lisa De Propris and Diletta Pegoraro Index 241 Notes on Contributors Ahmad Arslan is a senior research fellow (International Business) at the Department of Marketing, Management and International Business, Oulu Business School, University of Oulu, Finland. Previously, he has worked in academia in the UK and Finland as a senior lecturer, assistant professor and researcher. His core areas of research interests include cross-border mergers and acquisitions, emerging econo- mies, foreign market entry strategies, internationalization of small firms and multina- tional enterprises’ (MNEs) strategies. His earlier research has been published in prestigious academic journals such as British Journal of Management, International Business Review, International Marketing Review, Scandinavian Journal of Management, Journal of Strategic Marketing, Journal for East European Management Studies and Journal of Global Marketing, among others. Moreover, Ahmad has also contributed several book chapters to edited handbooks addressing different international business and strategy topics. Finally, he is an editorial board member of two academic journals (Journal of East-West Business and International Journal of Export Marketing). Lisa De Propris is Professor of Regional Economic Development at Birmingham Business School, the University of Birmingham, in the UK. She has expertise in man- ufacturing, industry 4.0, technological change, clusters/districts, creative industries, regional economic development, industrial policy and European Union (EU) regional policy. Desislava Dikova is Professor in International Business at Vienna University of Economics and Business Administration, Austria. She previously held academic posi- tions at the University of Groningen, the Netherlands and King’s College London, the UK. She earned her doctorate degree from the University of Groningen, the Netherlands. She is the editor-in-chief of the Journal of East-West Business Associate editor of the European Management Review, Senior Editor of the International Journal of Emerging Markets and is a member of the editorial boards for the Journal of International Business Studies, Journal of World Business, Journal of International Marketing and vii viii Notes on Contributors Management and Organization Review. Desislava’s research is focused on the interna- tional behaviour of multinational companies; she examines their foreign market entry-mode choices and the subsequent performance of foreign subsidiaries in transi- tion economies. In addition, Desislava studies the competitive behaviour of firms with respect to the types of innovation investments and their cross-border merger and acquisition activity. Her research has been published in highly ranked international journals such as the Journal of International Business Studies, Journal of Management Studies, International Business Review, Journal of Business Research, Journal of International Marketing, Journal of International Management and others. Jinlong Gu is a research assistant and a tutor at the University of Sussex Business School, UK. He holds a PhD in Management from the University of Sussex. His research interests include cross-border acquisition, firm internationalization and location. Xia Han is Lecturer in International Business at Alliance Manchester Business School, Manchester University, UK. Her teaching and research interests include emerging market multinational enterprises (EMNEs), global political economy and political risk management. Her research addresses the implications of home- country institutions for EMNEs’ post-entry performance. She also looks at political risk man- agement strategies of EMNEs. Maria Ivanova-Gongne is a university teacher in International Marketing, Åbo Akademi University, Turku, Finland. Her research interests include business-to-busi- ness marketing management, particularly the aspects of business interaction, mana- gerial sensemaking and culture in international business-to-business relationships and networks. Her work has appeared in international top journals such as Industrial Marketing Management, Scandinavian Journal of Management, Journal of Business and Industrial Marketing and European Management Journal. Bert J. Jarreau is a collegiate travelling professor at the University of Maryland University College Europe in Kaiserslautern, Germany. He is a scholar-practitioner whose professional experience includes information technology leadership roles across diverse industries including non-profit association, government and industry (information services, automotive and real estate). He teaches organizational behav- iour, marketing and international business strategy in the MBA programme in Germany and the UK. His research focuses on international business strategy. Bert holds a Doctor of Management from the University of Maryland University College. Olivia H. Kang is Assistant Professor of International Business at the Department of Business Studies, Uppsala University, Sweden. Her research covers the develop- ment and transfer of innovations in multinational firms, and the strategic management of innovations. Olivia’s recent research covers the factors that impact the knowledge transfer with specific interest in the social innovation development process. Notes on Contributors ix Pao T. Kao is Assistant Professor in International Business at the Department of Business Studies, Uppsala University, Sweden. His research interests lie in under- standing how firms strategically manage their internationalization process in the face of changes in market, institutional and technological environments. Kao’s articles have appeared in Journal of International Entrepreneurship, Journal of Management and Organisational History and Progress in International Business Research. Olli Kuivalainen is Professor of International Marketing and Entrepreneurship at the School of Business and Management of the Lappeenranta University of Technology, Finland, and also Professor of International Business and Management at the Alliance Manchester Business School, University of Manchester. His main research interests include internationalization of small and medium enterprises (SMEs) and international entrepreneurship, and marketing and technology manage- ment. He has published in journals such as Journal of International Business Studies, Journal of World Business, International Business Review, Journal of International Marketing, International Marketing Review, Technovation and Journal of International Entrepreneurship. Saad Laraqui is a collegiate travelling professor at the University of Maryland University College Europe in Kaiserslautern, Germany. He teaches leadership, orga- nizational behaviour, finance, strategy and international business in the MBA pro- gramme in Germany, Italy, the UK and Bahrain. His research focuses on foreign direct investment (FDI), activities of multinational enterprises (MNEs) and eco- nomic integration. Laraqui holds a PhD in Finance and International Business from Rutgers University. Jorma Larimo is Professor of International Marketing at the University of Vaasa, Finland. He is the Vice Dean of the School of Marketing and Communications and Head of the Doctoral Programme of Business Studies at the University of Vaasa. His areas of interest include small and medium-sized enterprise internationalization and foreign entry strategies of multinational enterprises, especially foreign direct invest- ment, mergers and acquisitions, and international joint venture strategies and perfor- mance. He has edited six books addressing various aspects of international business. His research has been published in well-ranked academic journals including the International Business Review, Journal of International Business Studies, Journal of International Marketing, Management International Review, Journal of World Business, Journal of Global Marketing, Journal of East-West Business and Journal for East European Management Studies. Larimo has also contributed book chapters to several edited books. Xiaohui Liu is Professor of International Business at Birmingham Business School, the University of Birmingham, UK, and Visiting Professor of School of International Business, Southwestern University of Finance and Economics, China. Her main research interests include knowledge spillovers, human mobility, innovation and the

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