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European Journal of International Management
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European J. of International Management (209 papers in press)
Abstract: As China has launched the Digital Silk Road (DSR) initiative, the focus of Chinese overseas activities has subsequently been complemented by the global expansion of Chinese technology companies. While the vast majority of Central and Eastern European (CEE) countries share the concerns as regards the economic, security and technology challenge China poses to Europe, a few countries seem to have different approaches to the question of whether and to what extent Chinese technology companies are to be involved in CEE's digital transformation. The paper offers a comprehensive mapping of responses to the DSR challenge China poses in the CEE region, with the aim of analysing how these responses differ, and why. To explain the different responses, four hypotheses are formulated and evaluated, taking into account regional, global and national factors. Based on five illustrative examples, the paper concludes by confirming these hypotheses only for those countries opposing Chinese tech involvement.
Keywords: Digital Silk Road; Central and Eastern Europe; Chinese multinational companies; telecommunication companies; digitalisation; digital transformation.
Abstract: The aim of this paper is to identify indicators at country level that could prove useful in improving the effectiveness of fraud detection in European Structural and Investment Funds. We analyse data for 454 funds, belonging to the period 2014-2020, from the 28 countries that were members of the European Union in 2014. Explanatory results suggest the convenience of tracking funds, especially in countries with higher GDP and higher transparency levels, and the lesser relevance of the number of irregularities for countries with higher GDP and those receiving larger funds. Fraud and fraud detection rates in individual funds vary significantly across states. Federal states, such as the Federal Republic of Germany, are comparatively successful in detecting fraud in EU funds.
Keywords: fraud; fraud detection; fraud offences; corruption; transparency; structural and investment funds; anti-fraud strategy; Germany.
Abstract: The extant literature argues that Cross-Border M&As (CBMAs) by Chinese Multinational Enterprises (CMNEs) in developed economies are motivated by Strategic Asset Seeking (SAS). However, a more detailed look at the specific strategic assets is often missing. This study investigates which specific strategic assets CMNEs search for, based on the strategic assets that they already possess, and how assets from the acquiring and the acquired companies are bundled after acquisition. By analysing 12 CBMAs, through the perspectives of both the acquired and the acquiring firms, we demonstrate that the interplay between existing country-specific and firm-specific assets enables CMNEs to bundle their existing assets with complementary Western assets. We also provide empirical evidence that technology transfer between CMNEs and Western targets occurs in both directions, and that Chinese acquirers and their target firms both employ joint innovation to upgrade technologies and enhance product offerings.
Keywords: asset bundling; cross-border M&A; Chinese multinational enterprises; strategic asset seeking; emerging market enterprise; EMNE.
Exports and firm growth: the moderating effect of innovation
by David Rodeiro-Pazos, María Jesús Rodríguez-Gulías, Sara Fernández-López, Manuel Nogueira
Abstract: It has been claimed that innovation and export activities are important performance vehicles that can increase firm growth. Previous research has ignored how the links between firms' exports and innovation simultaneously affect employment growth at the micro level. In this paper, using a sample of 3267 Spanish manufacturing firms over the period 2004 to 2014, we explore the combined effect of exports and innovation on firm employment growth by using quantile regression dynamic panel models. Our results reveal that exporting has different effects on employment growth depending on firm size and the types of innovative activity carried out by firms. The authors find that the employment growth of innovative firms is negatively affected by export activities. Furthermore, the firm growth driven by R&D activities is slightly more pronounced in non-exporter SMEs and in large innovative firms, export activities are positively associated with employment growth in the upper quantiles.
Keywords: exports; innovation; employment growth; Spain; panel data; quantile regressions; manufacturing firms.
Investors' knowledge and interlocking directorship: the domino effect of media news on corporate performance
by Elvira Anna Graziano, Lucrezia Fattobene, Vincenzo Farina
Abstract: Owing to social structures that promote different types of connection, including investments and vertical relationships, boards of directors of international large companies often have some directors in sharing. Managing these complex relationships is very relevant both in terms of human resource management and knowledge management. Investors' knowledge usually is influenced by the news on interlocked directors affecting financial market trends. Using an event-study methodology, this paper aims to investigate whether newspaper articles (1999-2013) mentioning CEOs and Chairmen affiliated to multiple organisations influence the stock market prices of the companies where they are appointed. Results highlight that when the directors serve two different companies, they work as a transmission channel in influencing investors' knowledge and behaviour through media.
Keywords: investors' knowledge; interlocking directorship; human resource management; media effect; text analysis; event study; investors' behaviour; knowledge management; board of directors; domino effect.
A longitudinal study of birth, death and survival rates of micro companies in the European Union
by Fernando Almeida
Abstract: Micro companies play an extremely important role in the economy being the main driver of economic growth. They contribute decisively for employability, business innovation and in reducing social asymmetries. This role of micro companies in particular, and small and medium enterprises in general, is widely recognised in the literature. Nevertheless, the number of longitudinal studies that explicitly address the contribution of micro companies to the European economy is small, and most of them are essentially reports produced by European and national agencies that analyse the importance of this phenomenon in their economies. This study intends to characterise the birth, death and survival rates of micro companies in the European Union. The study adopts a quantitative and statistical approach in data analysis between 2008 and 2016, which allows us to characterise the evolution of these indicators and to understand which countries have the best and the worst performances.
Keywords: micro companies; small and medium enterprises; economic performance; European Union; European economy.
Effect of internal knowledge sourcing on multinational enterprise subsidiaries' service innovation performance: the mediating role of organisational learning
by Charles Oduro Acheampong Otoo, Wenyuan Li, Wisdom Wise Kwabla Pomegbe, Courage Simon Kofi Dogbe
Abstract: The study assesses the mediating role of organisational learning on the relationship between internal knowledge sourcing and MNE subsidiaries' service innovation performance. The study was based on primary data gathered from 156 MNE subsidiaries. We found exploratory learning had a partial mediating effect on the relationship between internal knowledge sourcing and MNE subsidiaries service innovation performance, but the effect was negative. Exploitative learning had a positive mediating effect on the relationship between internal knowledge sourcing and MNE subsidiaries' service innovation performance. Although previous studies have focused on the combined effect of exploratory and exploitative learnings (thereby considering organisational learning as a single construct), this study points out that the relationships of the two dimensions with internal knowledge sourcing were different.
Keywords: internal knowledge sourcing; organisational learning; exploratory learning; exploitative learning; service innovation performance; multinational enterprises.
Host country factors and international joint venture survival in the Middle East and North Africa
by Emna Moalla, Dora Triki, Ulrike Mayrhofer
Abstract: The purpose of this article is to analyse the influence of three host country-specific variables (political risk, cultural distance, level of economic development) on international joint venture (IJV) survival in the Middle East and North Africa (MENA). The authors compiled a database of 124 IJVs established in MENA countries. The findings demonstrate that cultural distance and the level of economic development have an impact on IJV survival, whereas political risk does not seem to affect IJV sustainability in this region. The study contributes to the debate about the role of host country factors for IJV survival, indicating that these factors may vary across geographic regions.
Keywords: survival; international joint ventures; political risk; cultural distance; level of economic development; MENA region.
Do institutional quality, innovation and ICT technologies promote financial market development?
by Muhammad Asif Khan, Domicián Máté, Mohamued Elyas Abdulahi, Rabeea Sadaf, Muhammad Atif Khan, Jozsef Popp, Judit Oláh
Abstract: Over the last two decades, emerging markets have received much attention due to their substantial development relative to the rest of the world This is mainly based on the progress of the financial sector Considering these facts, this study investigates whether the quality of financial institutions, and the innovative and technological environment stimulated financial development in various (22) emerging markets during period from 2006 to 2017 The analyses are based on distinctive competitiveness pillars, and additional control variables from the World Economic Forum?s publication, the Global Competitiveness Index, and the World Bank?s Development Indicators Another novelty of this research is its investigation of the moderation effect of innovation and ICT technologies on the quality of institutions The empirical findings of the linear and dynamic regressions (generalized method of moments) affirm that the interaction of innovation and technology with well-functioning institutions can accelerate the development of financial markets in emerging economies
Keywords: ICT Technologies; Institutional quality; Innovation; Financial market development.
The effect of internal and external practices of green supply chain management on performance and competitiveness of a company
by Ali Nazeri, Soodabeh Gholami, Nasser Safaie
Abstract: The purpose of this paper is to evaluate the effect of internal and external practices of green supply chain management on organisational performance and competitiveness. The validity of the questionnaire was approved based on the views and comments of academic and industrial experts In addition, Cronbach's alpha for this questionnaire was more than 0.7. The obtained data were statistically analysed in Amos software application. Then, the research hypotheses were tested in order to find out whether they are confirmed or rejected. The results showed that, out of 31 hypotheses, eight were rejected, as the significance level of the impact factor was greater than 0.05, and the others were confirmed. In other words, company size and ISO certificate showed no moderating effect on environmental, social, and operational performance. Hence, green supply chain management provides an opportunity for a company to invest in the design and production of green products.
Keywords: green supply chain management; performance; competitiveness.
Investigation of earnings management based on unique country samples
by Katarina Valaskova, Maria Kovacova, Peter Adamko, Elvira Nica, Tomas Kliestik
Abstract: Earnings management is the use of accounting techniques to produce financial reports that present an overly positive view of corporate business activities and financial position. Earnings management creates financial statements that inflate earnings, revenue, or total assets. This paper describes the basic concepts of the earnings management phenomenon, reviews the mainstream studies and portrays the genesis of earnings models development. The main aim of the paper is to assess the ability of selected earnings models applied in the national environment of Slovakia and Poland to reveal the earnings manipulation and to identify which of them reflect the country specificities more appropriately. The results show that the Jones modified model should be used in Slovakia and the Key model in Poland to detect the earnings management. Moreover, it was revealed that companies in both countries tend to manipulate earnings upwards and verified a difference in earnings manipulation over the years.
Keywords: accounting principles; discretionary and non-discretionary accruals; earnings management; earnings models.
'No saints', 'No sinners': corporate social responsibility impact on occupational embeddedness and corporate brand trust with extrinsic motivation as a moderating construct
by Evans Asante Boadi, Yongan Xu, Josephine Bosompem, Enock Mintah Ampaw, James Agyei
Abstract: Drawing on a conservation of resource theory perspective, this study investigates the effects of corporate social responsibility (CSR) on employees occupational embeddedness and corporate brand trust with the moderating role of extrinsic motivation in these relationships. A sample of 273 subordinate employees drawn from the banking sector in Ghana was analysed using hierarchical regression. The empirical results indicated that: (1) these employees' favourable perception of CSR related positively to their occupational embeddedness and corporate brand trust; and (2) the moderating effect of extrinsic motivation on CSR-occupational embeddedness link was stronger than the CSR-corporate brand trust link. Based on these results, recommendations are made to HR managers on the strategic impact of CSR on employees in times of trust deficit in the service industry and beyond. Recommendations on the extent to which employees can be motivated extrinsically with less compromise on the focus of the work itself are also articulated
Keywords: corporate social responsibility; occupational embeddedness; corporate brand trust; extrinsic motivation; Ghana.
Strategic analysis of e-book pricing models in the presence of network externalities
by Linlan Zhang, Lidan Fan
Abstract: In the presence of network externalities, we consider a two-echelon supply chain which consists of a publisher and a retailer, both e-books and physical books are simultaneously sold to consumers in this setting. We analyse pricing strategies of the publisher and the retailer under two different models that are widely used in the real market: agency and wholesale. We find retail prices of both e-books and physical books in the agency model are lower than those in the wholesale model. Our results may explain why retail prices of books in China are much lower than in developed countries to some extent. As Chinese consumers' acceptance of e-books rises, the wholesale model and higher retail price of books maybe the trends in the future e-books industry in China. Further, we identify that e-reader and e-books are complementary.
Keywords: e-book; e-reader; agency model; wholesale model; network externalities.
Development and fit of HRM over time in foreign subsidiaries: The case of Japanese subsidiaries in Poland
by Fabian Froese, Tomasz Olejniczak
Abstract: Human resource management (HRM) is a critical function in the management of foreign subsidiaries, yet we know little about how it is established and developed over time. This study investigates how HRM develops over time in a foreign subsidiary and how HRM fit is maintained and managed during this process. Based on a longitudinal, in-depth study of twelve Japanese manufacturing subsidiaries located in Poland, we propose a stage model of subsidiary HRM development, delineating changes in various types of HRM fit. Furthermore, we identify internal and external contingency factors (industry, mode of establishment, regional headquarters, and key organizational actors) that influence the development and fit of HRM.
Keywords: human resource management; Japan; Poland; subsidiary; organisational life cycle; fit; stage models.
Institutional learning, cultural differences and the motivation of syndication among cross-border venture capital firms in China
by Xiaoli Wang, Ye Yang, Linlu Tang
Abstract: Along with the globalisation trend, cross-border venture capital (VC) investments in emerging markets have also attracted many scholars' attentions. Confronted with the uncertainties of cultural distance and institutional difference, cross-border VC firms choose syndication as an effective investment strategy to reduce the risk. In this paper, we systematically investigate the motivation of the cross-border venture capitalists to form syndication with local VC firms when they invest in China's venture capital market, i.e. the determinants of their syndication decisions. To our knowledge, we are the first to incorporate cultural distance and institutional learning into the analysis of cross-border syndication decisions, and we believe our research will help investors better understand the foreign VC firms' syndication behaviours under the unique culture and institutional environment of China.
Keywords: cross-border venture capital; syndication; cultural distance; institutional learning.
The use of English as corporate language in global knowledge work over a 15-year business career
by Tiina Räisänen, Anne Kankaanranta
Abstract: This paper investigates the use of English as corporate language in the everyday global knowledge work of a business practitioner over his 15-year career. The data, collected over the practitioner's career, include both authentic data such as recordings of work practices and email communication, as well as interviews and ethnographic field notes. Applying content and genre analysis, we investigate how the practitioner's use of different genres of English as corporate language changes over time and how his experiences follow suit, enabling agency, participation and engagement in the global knowledge economy. While at the beginning of his career the trainee practitioner produces backstage genres only, as a manager he needs to navigate between official, frontstage genres and the mixed genres falling between the two extremes. Over his 15-year career the novice practitioner becomes a global knowledge worker who is empowered by his competence in English as corporate language.
Keywords: corporate language; English; lingua franca; MNC; knowledge work; genre; language-sensitive management research; ethnography; authentic text data.
Do multiple commitments predict job satisfaction in non-profit organisations? A longitudinal analysis
by Anat Freund, Amit Zriker
Abstract: This longitudinal study examined the relationship between multiple commitments (affective and continuance organisational commitments, career commitment, and job involvement) and job satisfaction at three time intervals. Participants were 122 employees working at an Israeli non-profit organisation. Results showed that the time elapsed between the measurement of multiple commitments and that of job satisfaction was a significant factor affecting the value of multiple commitments as predictors of job satisfaction. A short interval between the measurement of multiple commitments and the measurement of job satisfaction correlated with a better prediction value. Implications for future research on commitment and job satisfaction are discussed.
Keywords: multiple commitments; job satisfaction; third sector organisations; longitudinal analysis; management.
Do organisations' aims affect entrepreneurial orientation and inter-organisational cooperation? A report on Polish cooperatives and for-profit enterprises
by Rafal Kusa, Joanna Duda
Abstract: The aim of this study is to examine inter-organisational cooperation and the entrepreneurial orientation of an organisation in the context of its aims. This is shown with the example of cooperatives. Three hypotheses are tested; they pertain to the similarities and differences between cooperatives and for-profit enterprises in terms of entrepreneurial orientation, inter-organisational cooperation, and internationalisation. The hypotheses are tested with a U-Mann-Whitney analysis on a sample of 28 cooperatives and 44 small and medium-sized enterprises operating within the region of Lesser Poland. The findings confirm that entrepreneurial orientation is a universal characteristic of an organisation (regardless of its aims) and plays an important role in the performance of cooperatives. Additionally, the findings show the similarity in terms of cooperation as well as the differences in terms of the degree of internationalisation between cooperatives and for-profit enterprises. With its findings, this paper contributes to entrepreneurship theory and social economy theory.
Keywords: entrepreneurial orientation; entrepreneurship; inter-organisational cooperation; internationalisation; innovativeness; risk-taking; proactiveness; cooperatives; social economy; emerging economy.
The role of user experience in shaping employees' dynamic capabilities based model of job performance
by Katarzyna Tworek, Agnieszka Bienkowska, Anna Sa?amacha
Abstract: This paper concerns inclusion of the User Experience (UX) in the Employees' Dynamic Capabilities (EDC) based model of job performance, as a construct related to the currently changing job characteristics with potential to strengthen the indirect relation between EDC and job performance. The proposed theoretical framework is verified empirically on the sample of 550 organisations operating in Poland and in the USA. The verification shows that UX is a moderator of the relation between EDC, person-job fit, job satisfaction, work motivation, work engagement and job performance, and therefore might strengthen the overall impact of EDC on job performance.
Keywords: management; employees' dynamic capabilities; user experience; job performance; job satisfaction; person-job fit; work motivation; work engagement.
Pain points and challenges of cores return management among German and French automotive aftermarket companies
by Alena Klapalová, Michal Pla?ek, Gabriela Vaceková, Radoslav Skapa
Abstract: In the last years, circular economy is receiving increasing attention from politicians and business stakeholders worldwide including the automotive industry. Demand for the remanufactured spare parts for vehicles is forecast to grow in the following decade and one way to satisfy demand is to increase the efficiency and effectiveness of reverse logistics and core return management. There is a need to identify potential problems and barriers for circular economy business in general, and to ascertain the specific obstacles in industries that go through marked changes. The aim of this paper is to help to fill in this gap and to gain knowledge and understanding of pain points and challenges perceived by French and German representatives from the automotive aftermarket when managing the return of cores for remanufacturing. In-depth face-to-face and telephone interviews within 18 multiple-case studies were employed in both countries.
Keywords: cores return management; automotive aftermarket; pain points; challenges.
Chief Executive Officers' characteristics and the internationalisation of small and medium-sized enterprises: a quantile regression approach
by Abubakr Saeed, Ishtiaq Ahmad, Muhammad Saad Baloch, Judit Oláh, Jozsef Popp, Domicián Máté
Abstract: Chief Executive Officers (CEOs) play a crucial role in the managerial decisions of firms. The objective of this study is to analyse the role of CEOs in the internationalisation process of SMEs (small and medium-sized enterprises). Explicitly, the study investigates the impact of CEOs' demographic characteristics on the internationalisation process of SMEs. Based on the theoretical perspective of the resource-based view, the upper echelons theory, and the information processing theory, the study assumes that CEOs' characteristics, including tenure, education, age, and political connectedness affect the international performance of SMEs. Applying a novel (quantile) regression technique on UK-based small and medium-sized enterprises for the period from 2004 to 2015, the study offers evidence of CEOs' political connections. Moreover, the results show that educational levels positively influence the internationalisation process, while tenure and age negatively influence the internationalisation of SMEs.
Keywords: Chief Executive Officer; internationalisation; SMEs; tenure; age; political connectedness; education.
A comparison of the impact of high performance work practices in Pakistan and the UK
by Sadia Nadeem, Sharmeen Nasir
Abstract: Two key debates in the high performance work practices (HPWPs) literature relate to the comparison of HPWPs and high performance work systems (HPWSs), and the cultural effectiveness of these practices. This study contributes to both these discussions through examining the impact of HPWPs and HPWSs on individual and organisational level outcomes in Pakistan and the United Kingdom (UK). The study is based on multi-level models on primary data from 3,460 employees nested in 222 organisations in Pakistan, and secondary data from 21,981 employees nested in 1,923 organisations from the British Workplace Employment Relations Survey (WERS) in the UK. Overall, individual practices explained greater variance in desired outcomes than HPWSs in both countries, suggesting that HPWSs do not necessarily work effectively. Furthermore, complexity is added in terms of understanding the effectiveness of practices when used across cultures, as results indicate differences in the impact of various HPWPs between the two countries.
Keywords: high performance work practices; high performance work system; social exchange theory; cultural dimensions; cross-cultural HRM; employee outcomes; organisational outcomes; WERS 2011; Pakistan; UK.
The influence of organisational climate on organisational silence: a comparison of public and private organisations in Turkey
by Cihan Cobanoglu, Mehmet Sariisik, Orhan Akova, Guliz Coskun
Abstract: Technological developments and globalisation have led to a significant change in the competitive environment in which companies operate. Companies that are successful at acquiring maximum benefits from their employees will gain a competitive advantage over other companies. Therefore employees, especially qualified ones, are important assets for organisations. However, control mechanisms need to work efficiently in order to ensure there is a maximum gain from qualified employees, which would not be possible unless employees trust their respective supervisors. One of the factors that influence trust is organisational silence, which consequently influences organisational commitment and employee turnover. In order to increase organisational commitment and trust, organisations need to understand the factors that promote organisational silence. The purpose of this research is twofold: 1) to understand the relationship between the organisational environment and organisational silence in public and private companies in Turkey; 2) to compare the organisational environment and organisational silence behaviour.
Keywords: organisational silence; organisational climate; Turkey; public organisations; private organisations; influence of organisational climate; organisational environment; competitive environment.
Competence development in crowdsourcing: examining the impact of different evaluation standards.
by Andrey Barashev, Guoxin Li
Abstract: The paper aims to extend our understanding of solvers' motivation in a crowdsourcing contest by examining differential effects of competence development in terms of absolute, interpersonal, and intrapersonal standards, as well as to distinguish the influence of competence striving on effort and engagement on the crowdsourcing platform. We conduct an analytic study using an online survey on the massive Chinese platform - taskcn.com. Participants were selected on the criterion of their experience on the platform. Data were analysed using structural equation modelling. Based on a survey of 291 crowdsourcing participants, the study indicates that striving to demonstrate competence related to others does not enhance engagement or effort. However, self-based and task-based competence striving both predicted crowdsourcing participants' effort positively. Furthermore, engagement was only predicted by mastery competence development when individuals tried to enhance their skills and knowledge relative to selves. In this case, engagement also mediated the relation between self-based striving and effort. These findings shed light on the complex mechanisms underlying participants motivation, effort, and engagement in crowdsourcing and provide implications for the theory and practice of crowdsourcing management.
Keywords: crowdsourcing; work engagement; effort; achievement motivation; competence development; motivation.
Learning and strategic flexibility as drivers of the internationalisation process of firms in emerging countries
by M. Teresa Canet-Giner, Francisco Balbastre, Naira Escriba, Juan Antonio Gudziol-Vidal
Abstract: The purpose of this study is to gain a better understanding of strategic flexibility in the relationship between learning and the first stage of company internationalisation, that is, exports. We propose a mediating effect of strategic flexibility in this link. The empirical study consisted of a survey conducted among exporting Colombian firms. We used a structural model to analyse data, which was estimated through partial least squares path modelling (PLSPM). The sample involved 206 Colombian companies. Results confirmed that the relationship between learning and the export intensity and scope takes place when the company develops the capability to be strategically flexible. Our findings support the mediating effect of strategic flexibility in the relationship between learning and a firm's exports. The results obtained in this study may serve as a reference for organisations that are strategically expanding their activities in the international arena, particularly for Latin-American firms.
Keywords: learning; exports; strategic flexibility; emerging economy.
The impact of digitalisation on the profitability of large US banks
by Giusy Chesini, Elisa Giaretta
Abstract: According to knowledge-based theory, we propose a model to explain how digitalisation impacts bank performance. We identify four capabilities stemming from the digitalisation process that create sustainable competitive advantage: market-learning digital capabilities, organisational digital capabilities, technical digital capabilities and industry digital capabilities. Using a sample of 96 large listed US banks from 2007-2017, we create a unique new multisource dataset (Annual reports, Bloomberg, World Bank, and OECD EMI) that enables mapping the digitalisation of the US banking industry and testing the proposed model. The results of our empirical analysis demonstrate that digitalisation positively affects bank profitability; specifically, digitalisation leads to sustainable competitive advantages for banks through market-learning digital capabilities, technical digital capabilities and industry digital capabilities. Furthermore, we provide evidence that the digitalisation process both reduces and increases banks' numbers of branches and employees, as is common when strong technological innovations emerge through creative-disruptive mechanisms.
Keywords: digitalisation; digital banking; bank profitability; knowledge-based theory; content analytic studies; US banking system.
A study of the self-view and achievement motivation of Taiwanese, Indonesian and Vietnamese workers: a cross-national study
by Ming-Chang Wu, Farhad Abdul Kader Cassim, Ibnu Siswanto, Chenju Ko
Abstract: Taiwanese industries and universities recruit a lot of foreign workers and students from Southeast Asian countries. Unfortunately, a lack of research by local academics on understanding them in terms of psychological variables, such as self-view and achievement motivation, can lead to a neglect of their ability and skills development. As a result, this study investigated three groups of Asian workers, namely Taiwanese, Indonesians, and Vietnamese, on self-view and achievement motivation. A cross-national survey study of 895 respondents led us to conclude that although the three Asian groups are generally social-oriented in terms of their self-view and achievement motivation, Indonesian workers have a higher individual-oriented self-view (IOSV), social-oriented self-view (SOSV), individual-oriented achievement motivation (IOAM), and social-oriented achievement motivation (SOAM). Also, while there is a significantly positive relationship between self-view and achievement motivation, the nature of this relationship is different in each country.
Keywords: self-view; achievement motivation; individual-oriented self-view; social-oriented self-view; individual-oriented achievement motivation; social-oriented achievement motivation; cross-national study.
Commercial diplomacy as a mechanism for passive-reactive SME internationalisation: overcoming liabilities of outsidership
by Elena Georgiadou, Mathew Hughes, Céline Viala
Abstract: This study contributes to SME internationalisation literature by conceptualising commercial diplomacy (CD) as a mechanism enabling SME internationalisation. CD remedies for SMEs' liabilities of outsidership when those SMEs are compelled to internationalise under conditions of abrupt environmental shock in their domestic market. Using the Greek economic crisis as a research setting, we examine a situation in which established SMEs previously apathetic to internationalisation had to assume the risks of internationalising or face extinction. With data generated through 35 open-ended semi-structured interviews with commercial diplomats between 2013 and 2017, we conceptualise and empirically validate CD as a missing link in staged and network-revised theories of internationalisation. In turn, this paper overcomes the current inability of extant SME internationalisation literature to account for forced internationalisation of established SMEs as a reaction to environmental shocks in which building networks is unfeasible and accessing established networks requires time that these firms do not have.
Keywords: SME internationalization; commercial diplomacy; passive-reactive internationalization; liability of outsidership; international business networks; Uppsala; network theory.
International students as tourists: exploring impressions of Ghana's destination image
by Adjoa Ocran, Ogechi Adeola, Awele Achi, Robert E. Hinson
Abstract: This study explores how tourists' impressions of destination attributes influence the image formation of Ghana as a destination. A qualitative approach was used to conduct the research, owing to the exploratory nature of the investigation. The study employed focus group discussions and semi-structured interviews of a sample of 28 international students. Findings show that Ghana has a positive image in the minds of the tourists as a destination. In addition, most of the participants were willing to return to Ghana and even recommend Ghana as a vacation destination. Theoretically, the study discussed the meaning of destination image from three dimensions: perceptual, image and outcome. The practical implication of the study's findings is that Ghanaian destination marketing organisations should consider country of origin and travel motivation as factors that exert the greatest influence on how tourists assess the value of tourist destination.
Keywords: destination image; Ghana; country of origin; tourists' impressions; historical heritage; information sources; tourism; international students; internationalisation.
Antecedents of knowledge transfer effectiveness in international teams
by Torbjørn Bjorvatn, Andreas Wald
Abstract: We present the results of a study on the impact of geographical distance, native-language diversity and national cultural diversity on within-team knowledge transfer effectiveness. Further, we analyse the mediating effect of group-level absorptive capacity. Using a sample of 196 internationally dispersed project teams, we found geographical distance and cultural diversity to impede knowledge transfer effectiveness. In contrast, language diversity was positively associated with both absorptive capacity and knowledge transfer effectiveness, suggesting that the effects of the international business environment on team outcomes are more complex, layered and conflicting than commonly assumed. The paper contributes to theory in three ways. First, it synthesises the academic discourse on intra-team cross-border knowledge transfer effectiveness in the fields of international business, virtual teams and project management. Second, the effects of key features of the international business environment on such knowledge transfer are assessed. Third, context-specific drivers of absorptive capacity in international teams are determined.
Keywords: knowledge; knowledge transfer; distance; language; culture; diversity; international; team.
A meta-analysis of main, moderating and mediating effects of ethical leadership on employees' work outcomes
by Li Shuwen, Jia Ruiqian, L.U.O. Jinlian, Linmin Guo, Juergen H. Seufert
Abstract: This study employs a meta-analysis method to test the influence, boundaries and paths of ethical leadership on employees' work outcomes. Results suggest that ethical leadership is related positively to numerous outcomes such as employee voice and job performance. Furthermore, it is explored how ethical leadership influences these outcomes from moderators and mediators. Results reveal that, compared with the Anglo culture, ethical leadership in the Asian Confucian culture can stimulate employees' voice better while ethical leadership in the Anglo culture is more effective in enhancing leader-member exchange (LMX) and job satisfaction better. Ethical leadership is more likely to improve the performance of male subordinates rather than their female counterparts. Compared with public agents, ethical leadership in private organizations can promote employees voice and self-efficacy better. Organizational identity and LMX play mediating roles between ethical leadership, job performance and job satisfaction, respectively, while employee voice merely plays a mediating role.
Keywords: ethical leadership; employee voice; organisational identity; LMX; job satisfaction.
Conversation about social responsibility: CSR reporting in SMEs
by Kjartan Sigurdsson
Abstract: The literature on Corporate Social Responsibility (CSR) reporting suggests that while large firms are likely to adopt formal approaches to reporting on their CSR activities to stakeholders, SMEs are likely to be more informal in their approaches. This research examines how SMEs report on their CSR activities and how this relates to three attributes of stakeholder theory: descriptive, instrumental and normative. Using a multiple case study research strategy, CSR reporting was examined in fifteen SMEs. The three attributes of stakeholder theory form the theoretical framework for analysing the case data. While descriptive attributes of stakeholder theory reflect how SMEs operate
Keywords: CSR reporting; SMEs; CSR strategy; stakeholders; multiple case study.
Impact of workplace ostracism on voice behaviour in sustainable organisations: a mediated moderation model
by Ghulam Abid, Asma Nisar, Saira Ahmed, Saira Farooqi, Natasha Saman Elahi
Abstract: Employee voice is the communication that is constructive and change oriented and which is planned to improve a problematic situation. Drawing on conservation of resources (COR) theory, our study investigates the direct influence of workplace ostracism on employee energy. Moreover, this study also examines the mediating impact of energy in between the relationship of ostracism and voice behavior and the moderating impact of incivility among energy and voice behavior. Data was collected in three waves covering a 2-month time period at regular intervals of three weeks from employees and their immediate supervisors working in public sector financial institutions. By employing the PROCESS macro developed by Hayes on the actual sample of 300 employees and 19 supervisors from different job functions, strong empirical support has been established for all the direct and indirect hypothesised relationships. Theoretical and practical implications alongside recommendations for further empirical research on voice behaviour have also been suggested.
Keywords: workplace ostracism; energy; incivility; voice behaviour; conservation of resources.
Testing the external monitoring hypothesis on earnings management: a case of business groups in South Korea
by Young Kyun Chang, Pyung Kyung Kang, Won-Yong Oh, Minsup Song
Abstract: Previous studies on earnings management largely focused on the roles of internal governance mechanisms. However, an important but underexplored issue in the earnings management literature is how external stakeholders affect a firm's earnings management practice. We propose an external monitoring hypothesis ? earnings management is better monitored by external stakeholders when internal governance mechanisms are weak. Using a dataset of Korean Chaebol (business group) firms, we found that earnings management practices decrease when group-level and firm-level visibilities are salient. Our findings are consistent with the external monitoring hypothesis, suggesting that external monitoring mechanisms play significant roles in shaping a firm's behaviour.
Keywords: external monitoring; earnings management; corporate governance; business group; Chaebol.
Marshall plan or a mediator: the intellectual structure of management studies in Europe
by Hulusi Cenk Sozen, Erdem Kirkbesoglu, Sule Tuzlukaya, Mehmet Cakar
Abstract: This study aims at examining the role of the European Management Review (EMR) within the on-going paradigmatic debates between Europe and North America concerning management and organisational research. Ten years' worth of bibliometric data of the journal were gathered. Citation patterns of EMR authors were analysed according to journals they prefer to refer more frequently. Citation patterns of the authors from sub-regions of Europe were also compared to test whether heterogeneity exists in terms of academic resource usage. The findings highlight that EMR has successfully constructed a bridge between research traditions of two continents. Qualitative, macro and theoretical articles, which are significant characteristics of the European paradigm, have a considerable rate of acceptance in EMR. Besides obeying local rules of scientific inquiry, the majority of European authors have decided to use influential North American journals. EMR has partially found a way to unify fragmented research efforts in different parts of Europe.
Keywords: bibliometric; social network analysis; management studies.
The impact of total quality management and business networks on company export performance in emerging vs developed economies: evidence from furniture enterprises in Pakistan and the UK
by Mariusz Urbanski, Adnan Ul Haque, John Lang, Eugene Kozlovski
Abstract: This comparative research drawing on complementary theoretical perspective examines the moderating role of business networks (BN) in relation to total quality management (TQM) and company export performance (CEP) in the furniture business of the UK (developed economy) and Pakistan (emerging economy). By employing the PLS-SEM technique, we gathered data from a total of 230 export managers (115 each from economies) using network, connection, referral and purposive sampling. The findings revealed that there is a significant, positive relationship between TQM and CEP. Results also confirmed that BN statistically significantly moderates the relationship between TQM and CEP. We theorised that BN is an influential variable in enhancing the effectiveness of TQM that leads to an increase in the companys export performance. The present research contributes to the literature by providing an insight into the effectiveness of TQM and BN in the process of improving export performances in both emerging and developed economies.
Keywords: business networks; company export performance; contrasting economies; furniture industry; total quality management.
Cross-border M&As and early subordinate-leader trust: a social identity approach
by Diana W. P. Kwok
Abstract: Cross-border M&As are characterised by uncertainty and complexity, with identities and cultural differences that interconnect at multiple levels. This paper addresses subordinate-leader trust, an essential element for post-acquisition integration, and takes the perspective of the multicultural acquired-firm subordinate as the basic unit of analysis. Drawing on social identity and the concept of multiculturalism in M&As, the paper develops a model of trust in foreign-acquirer leaders based on ethnic similarity or religious similarity. The central argument is that ethnic and religious principles represent the work-related values of subordinates and leaders alike. The theoretical model offers an insight into the cognitive processes behind new subordinate-leader relationships that result from cross-border M&As. Factors that may be relevant to the context of post-acquisition integration are also suggested in order to explore the boundary conditions of the model.
Keywords: mergers and acquisitions; post-acquisition integration; subordinate-leader trust; social identity; multiculturalism; ethnic similarity; religious similarity.
Pro bono, cui bono, ex fida bona? Investigation on pro bono commitment of large US law firms in 1993-2007
by Tae-Hyun Kim, Young Kyun Chang
Abstract: Previous works have found the relationship between corporate philanthropy and financial performances inconclusive. This study proposes that such a mixed relationship should be better understood as how a firm's instrumental motive interacts with institutional pressures for philanthropy. To do so, this study focuses on large US law firms in 1993-2007 when the US legal service industry had been transformed into a highly commercialised for-profit market (instrumental motives), while having pressured law firms to provide philanthropic legal services known as pro bono (institutional pressures). We hypothesise that law firms would engage in pro bono when it is beneficial to the firm, and disengage from it otherwise, and such tendency would be moderated by the salience of institutional pressures on pro bono. We found overall support for the hypotheses. Theoretical contributions and practical implications are discussed.
Keywords: pro bono; law firm; commercialisation; instrumental motive; institutional pressure.
Mediating mechanism of thriving at work between family motivation, abusive supervision and organisational commitment
by Mariam Saleem, Ghulam Abid, Tahira Hassan Butt
Abstract: The current research empirically investigates the impact of family motivation, thriving and abusive supervision on organisational commitment. Data was collected in two waves (T1 and T2) over a one-month time period from 400 banking employees. Our results provide support for our hypothesised model. The results find that the family motivation and thriving are positively related to organisational commitment and also thriving mediates the association between family motivation and organisational commitment. Contrarily, abusive supervision has a negative impact on an employee's thriving and organisational commitment. Limitations and future directions have also been discussed.
Keywords: thriving; family motivation; organizational commitment; abusive supervision.
How emerging market firms can upgrade and develop into hidden champions: evidence from China
by Jingqin Su, Yibo Jia, Miao Cui, Xueke Du, Shuai Zhang
Abstract: This paper investigates how emerging market firms (EMFs) upgrade and develop into hidden champions in a context that differs from that of developed countries. With the perspective of global value chains (GVCs) theory, case studies of three Chinese hidden champions in different industries were conducted. The findings show that with the help of global lead firms, embedded depth and niche market breadth are key strategies for the EMFs to improve product competitiveness, technical capacities, global market share and bargaining power, and ultimately shape the development process and outcomes of hidden champions. Our results also suggest that both strategies are closely related to the distinctive characteristics and the subjective intention to improve performance of EMFs. This research is useful for both academics and practitioners and contributes to the theory of hidden champions by providing the GVC perspective. Furthermore, corresponding practical insights are offered to help more companies to be competitive.
Keywords: emerging market firms; hidden champions; global value chains; global lead firms; case study; upgrading.
Beauty product brand experimentation: how celebrities and reference groups influence South African female Generation Y consumers
by Riané C. Dalziel
Abstract: Consumers are exposed to a wide variety of products and brands because we live in an era characterised by globalisation. As such, consumers are inclined to exert brand experimentation tendencies, especially within the beauty product industry. This paper sought to determine the influence of celebrities and groups on the beauty product brand experimentation tendencies of South African female Generation Y students. Data was collected using a quantitative method, and analysed using SPSS and AMOS. According to the results, female Generation Y students' beauty product brand experimentation is a three-dimensional model including celebrity influence, group influence and brand experimentation. Path analysis signified that both celebrity and group influence have a significant positive and direct influence on female Generation Y students' brand experimentation tendencies. Therefore, brands, especially new brands entering the beauty product market, should make use of consumers' reference groups and celebrities to target these consumers.
Keywords: beauty product; brand experimentation; celebrity influence; female Generation Y; group influence; South Africa.
The link between ecological innovations and international competitiveness in the context of the Turkish chemical industry
by Esra Bal, Halim Kazan
Abstract: The link between eco-innovation and competitiveness has been the subject of extensive debate, with research shifting from a focus on the costs of greening firms to its implementation. This study attempts to contribute to the debate by highlighting the case of the Turkish chemical industry. Using data derived from computer-assisted telephone interviews across 159 companies, we explore the influence of three types of eco-innovation (organisational, process and product) on the international competitiveness of firms. Additionally, our study extends the scope of this tripartite model of eco-innovation by accounting for domestic market performance and the maturity level of innovations as moderating variables. Our findings indicate that, while it does not pay to be green in terms of competitive performance, several moderating variables mediate the influence of the organisational and process types of eco-innovation on international competitiveness. Furthermore, they indicate that eco-innovation activities in developing economies are unlikely to secure a competitive advantage in international markets. The findings may inform eco-innovative policies and business strategies in developing economies
Keywords: eco-innovation; international competitiveness; maturity level of innovation; domestic market performance.
Definition of financial distress supported by data in Slovak corporate conditions
by Martin Boďa, Vladimír Úradníček
Abstract: Any prediction of corporate financial condition requires a definition of financial distress. Using data on Slovak enterprises for the years 2010 to 2017, the paper discusses several definitions of financial distress conceivable for Slovak conditions and explores which definition is supported by data. It is inevitable to establish which of the variety of definitions adopted in recent research is actually supported by real financial traits of Slovak enterprises. To this end, Slovak enterprises are divided into separate groups by applying the OPTICS clustering algorithm on 10 common financial metrics depicting financial status one year prior to the assessment, and these groups are then confronted to those that arise from applying 25 different definitions of financial distress. It transpires that none of the definitions is reflected in the 10 financial indicators, which suggests that in Slovak conditions non-financial factors may be at work that cause eventually financial distress.
Keywords: definition of financial distress; Slovak enterprises; insolvency; overdebtedness; OPTICS.
Battle to win human capital through social media recruiting technology: an empirical revision of the UTAUT2
by Saqib Rehman, Ghulam Abid, Tahira Hassan Butt, Aman Ullah
Abstract: The trend of using social media recruitment has increased owing to the ubiquity and immediacy of social networking websites. The current study aims at examining how an organisation can win the battle of acquiring talented workforce. This study highlighted the role of technological factors such as performance expectancy, effort expectancy, hedonic motivation, price value and habit in recruiters' acceptance of social media recruiting technology. Primary data were collected through a survey questionnaire from HR managers of 224 organisations of Pakistan. The collected data were analysed by using structural equation modelling with AMOS 20. The results showed that performance expectancy, effort expectancy, hedonic motivation, price value and habit have significant impact on intention to adopt social media recruiting technology and the acceptance of social media recruiting technology.
Keywords: performance expectancy; effort expectancy; hedonic motivation; price value; habit; intention to adopt social media recruiting technology; social media recruiting technology acceptance.
Conceptualising the leader-member emotional exchange model
by SeyedMohammad Toghra, Fatemeh Gheitarani, Mirali Seyednaghavi
Abstract: Leadership is indeed one of the most important organisational concepts in leading human resources in the organisation and gaining organisational goals. Different researchers have investigated the dimensions of leadership in the organisation in their papers. The present paper is trying to find the connection between Hochschild`s emotional work theory and Graen`s leader-member exchange theory. Few researchers have been investigating the effect of emotional work on leadership and its effect on the quality of exchange between leader and members in organisation. Therefore, presenting a model that consists of emotional exchanges between leader and members according to emotional work dimensions, such as surface and deep acting and emotional contagion, can be a good departure point to investigate in this area. This paper is trying to synthesise the results of other researchers in the area of emotional work, emotional regulation, emotional contagion and leader-member exchange theory into a single comprehensive model.
Keywords: emotional work; leadership; leader-member exchange theory; emotional contagion; emotional regulation; leader-follower emotional exchange model.
The impact of companies' capabilities on investment ability and performance
by Janez Prašnikar, Metka Tekavčič, Vladimir Bukvič, Velimir Bole
Abstract: Based on the contemporary literature, a constructed conceptual structural and measurement model serves to test whether resources, such as financial flexibility and a firm's capabilities to explore and take up investment opportunities, are related to the investment ability of firms, which contributes to achieving better financial and non-financial performance in financial friction economies. By employing structural equation modelling (SEM) on a sample of Slovenian large and medium-sized enterprises, this paper shows that such relations do exist. We have shown that there is a positive relation between a firm's financial flexibility, its investment ability and performance. Moreover, in addition to financial flexibility, an internal organisation that empowers people, stimulates technological knowledge, and stimulates work in project teams represents an important asset in developing a firm's investment ability.
Keywords: investment; investment ability; financial flexibility; capabilities; linear structural equation model.
Cosmopolitan orientation, consumer consciousness, and green purchase intentions: mediating role of green trust
by Kamal Badar, Amira Khattak, Muhammad Danish, Adeel Tariq, Qasim Ali Nisar
Abstract: Based on consumer culture theory and the expanded rational expectation model, this study examined the cosmopolitan orientation as an antecedent to consumers' consciousness towards environment and health. Moreover, the study further examined the impact of consumers' environment and health consciousness on consumers' green purchase intentions with the mediating effect of green trust on this relationship. A questionnaire was distributed to a sample of 300 young students in Karachi and Islamabad using the convenient sampling approach. The research framework was tested using Structural Equation Modelling (SEM) in SmartPLS. The findings reveal that cosmopolitan orientation positively impacts consumers' environmental consciousness but not health consciousness. Moreover, consumers' environmental consciousness doesn't impact consumers' green purchase intentions through green trust. However, consumers' health consciousness positively impacts green purchase intentions through green trust.
Keywords: cosmopolitan orientation; consumer consciousness; green purchase intention; green trust.
Foreign ownership and the pursuit of global technological arbitrage opportunities
by Sergey Anokhin, Vladislav Spitsin, Andrei Trifonov, Irina Antonova
Abstract: In industries characterised by low intraindustry arbitrage opportunities, firms may extract entrepreneurial rents and ensure profitability by sourcing technological arbitrage opportunities across national borders. Foreign owners provide access to such opportunities. In the setting of 1073 Russian companies operating in the industrial machinery manufacturing industry over the course of 2013-2016, we present initial evidence suggesting that partial foreign ownership may avail international arbitrage opportunities to the firms, resulting in superior performance. The effect of arbitrage opportunities on firm performance is strongest when firms have high financial liquidity. The optimal share of foreign investor control that maximises firm performance is estimated between 39% and 51%.
Keywords: foreign ownership; arbitrage opportunities; performance; panel data.
Made in China, Germany, and Indonesia?: consumers' perceived quality of multinational products
by Jiwon Lee, Matthew Minsuk Shin
Abstract: This study examines consumers' perceived quality of multinational products depending on the country of manufacture. Multinational products can be high- or low-involvement products, and consumers can have high or low prior knowledge about them. The country of manufacture can be the same country as the brand origin (i.e. lateral manufacturing), a country with lower development than the brand origin (i.e. downward manufacturing), or a country with higher development than the brand origin (i.e. upward manufacturing). The results of the current study show that consumers with high prior knowledge perceive lateral-manufactured multinational products as having high quality. Meanwhile, consumers with low prior knowledge perceive upward-manufactured high- and low-involvement multinational products as having high quality. By revealing the influence of prior knowledge on consumers' perceived quality of multinational products based on the involvement level and country of manufacture, this study provides meaningful implications for the strategic marketing issues around multinational products.
Keywords: country of origin; country of manufacture; multinational product; high involvement; low involvement; prior knowledge; Europe; China; Indonesia.
The impact of social capital-based selection practices on talent management: evidence from telecom MNCs in Bangladesh
by Syed Monirul Hossain, Mohammad J. Uddin, Yuka Fujimoto, Seong-Yuen Toh
Abstract: The purpose of this paper is to explore how social capital-based selection practices influence talent management with MNCs in Bangladesh. To date, little is known on how social capital-based selection practices influence talent management to fulfill business priorities. The empirical data was collected through in-depth interviews of 12 managers from three telecommunication firms in Bangladesh using semi-structured questions. The cross-case analysis based on a phenomenological approach was used to capture talent management events. Findings revealed that trust generated from cognitive social capital among network ties was found valuable for talent selection. Ostensibly, upper-level managers have the capability to shape and implement a system in the talent management (TM) process that benefits candidates with network ties of informal social relationships. As a consequence, formal human resource management (HRM) practices are marginalised owing to social relationships within their network ties. HRM systems functioned administratively alongside the dominant social capital-based TM selection practices. For practical implications, upper-level managers used social capital-based selection practices beyond HRM systems that were often found pragmatic in selecting the right candidates for positions in organisations favouring intra-group homogeneity.
Keywords: social capital; selection practices; talent management; human resources; human resource management; multinational corporations; upper-level managerial group; middle level managerial group.
Founder's characteristics, institutions, and entrepreneurial firm's time to IPO in China
by Da Teng, Chengchun Li
Abstract: The initial public offering (IPO) is the most important stage in the evolution of an entrepreneurial firm. While numerous studies have investigated the determinants of the going public decision and the post-IPO performance, few studies have examined factors that influence the transition speed from the entrepreneurial firm stage to the professional firm stage. Leveraging a unique sample of 428 firms listed on Growth Enterprise Market in Shenzhen Stock exchange between 2009 and 2016, we assert that the entrepreneurial founder of the IPO firm is the key determinant of the transition speed. Based on the Upper Echelon theory and institution-based view, we suggest a that a founder's personal characteristics and external institutions drive the time to IPO. Our findings reveal the strategic importance of the founder and contribute to an improved understanding of why firms vary in the going public speed in an important emerging economy, China.
Keywords: founder's characteristics; market-supporting institutions; time to IPO; emerging economy; China.
Expatriate faculty job satisfaction and performance in public universities of Saudi Arabia
by Muhammad Awais Bhatti, Suzanie Adina T. Mat Saat, Ariff Syah Juhari, Megbel M. Aleidan, Leonardus W.W. Mihardjo
Abstract: Past researches have well-documented the area of employee job satisfaction and performance in a conventional setting, but limited research has been done in exploring the factors that affect job satisfaction and performance of employees working in multicultural environments. Therefore, the purpose of this research is to fill this gap by identifying and examining different factors affecting job satisfaction and performance of the expatriate faculty members working in a multicultural environment. Data was collected from 258 expatriate faculty members working in three public universities of Saudi Arabia. Structural equation modelling was used with Amos 18 to analyse the data. Findings revealed that multicultural leadership style and organisational culture played a vital role in boosting expatriate faculty job satisfaction and performance. Furthermore, the findings explained that the organisational culture and a multicultural leadership style worked together and enhanced organisational commitment, which also further enhanced job satisfaction and performance of the expatriate faculty working in a multicultural environment. This study also suggested that the role of organisational culture is twofold, as it explained that organisational culture (supportive culture) influenced organisational commitment, as well as expatriate faculty job satisfaction. In addition, internal LOC positively influenced expatriate faculty job satisfaction.
Keywords: cultural diversity; organisational culture; multicultural leadership style; job performance; higher educational institutions; faculty members.
How coopetition-driven innovation model works: A closer look at inlearning and absorptive capacity from a knowledge-based view
by Lobel Trong Thuy Tran
Abstract: This research explores whether the linkage between coopetition capability and innovation performance depends on the mediating role of inlearning, and, if so, the extent of the moderation of absorptive capacity. Drawing on the knowledge-based view, this study presents a framework to incorporate constructs and test their relationships with a sample of 235 financial service firms. The findings substantiate the mediating role of inlearning in the coopetition capability-innovation performance link, in which, at a higher level of absorptive capacity, inlearning increases rapidly as coopetition capability increases. This study recommends for incorporating inlearning and absorptive capacity into research on coopetition capability and innovation performance.
Keywords: knowledge-based view; coopetition capability; inlearning; absorptive capacity; innovation performance.
China's industrial policy and its implications for international business
by Shaomin Li, Matthew Farrell
Abstract: While it is common for countries to use industrial policies to protect domestic industries, the way China uses industrial policy is significantly different. First, unlike the industrial policy of other countries that mostly are guidelines, China's industrial policy is more like a corporate strategy that approves/disapproves projects and mobilises the country's resources to help its firms achieve dominance. Second, due to its size, the effect of China's industrial policy is global. Facing the rapid success of China's industrial policy, the international community needs to understand and effectively deal with it. We show how China has developed its industrial policy based on the Chinese Communist Party's governing philosophy, build our case using evidence from the electric vehicle batteries, solar panels, and high-speed rail industries, compare China's policy with Japan's in the 1960s, discuss concerns from other countries and China's replies, and comment on the implications of China's policy for the world.
Keywords: industrial policy; China; electric vehicle battery; solar panel; high-speed rail; protectionism; national interest; trade war.
Openness towards language differences and cultural differences in multicultural teams: How do they interact?
by Jakob Lauring, Christina Lea Butler, Minna Paunova, Timur Uman, Lena Zander
Abstract: In this paper, we address how different types of positive attitude towards international diversity among team members can influence team outcomes. Our study explores whether openness to language diversity could contribute to the effect of openness to value diversity becoming more salient. Data was collected from 1085 team leaders of highly globalised academic research teams in the Nordic region. The results show a significant and positive effect of openness to different cultural values on team outcomes. Furthermore, in teams rated more open to language diversity, the impact of openness to value diversity on team performance is enhanced. Effects of different types of diversity attitude have been assessed in extant literature. No prior studies, however, have focused on the interaction between the different types of diversity attitude. This is an important omission because one type of diversity attitude could function as a boundary condition for other types of diversity attitude.
Keywords: multicultural teams; openness to diversity; language.
Corporate responsibility practices and financial performance in Europe: a multilevel-pressures theory perspective
by Olivier Furrer, David A. Ralston, Carolyn P. Egri, Wade Danis, Knud Sinding, Jean-Pascal Gond, Nicola Berg, Mario Molteni, Tomasz Ochinowski, Francisco B. Castro, Irina Naoumova, Amandine Furrer-Perrinjaquet, Tevfik Dalgic, Ruth Alas, Marjo Siltaoja, Marina Dabic
Abstract: This multilevel study investigated the effect of national institutional environments on the relationship between corporate responsibility practices and financial performance in multiple European countries, controlling for firm-level predictors. By doing so, we demonstrate that neither institutional theory nor stakeholder theory is adequate to investigate results in a multilevel study, which is becoming the norm of the 21st century business world. As such, we develop the multilevel-pressures theory designed to handle the demands of multilevel analyses. It synthesises the essences of these two theories and expands upon them. To test our multilevel hypotheses, we conducted a survey of 2,622 firms from 18 European countries representing different institutional contexts in terms of societal governance, European Union integration, and economic conditions. Hierarchical linear modelling results indicated that, consistent with multilevel-pressures theory, national institutional contexts exert multi-level moderating effects on the relationships between investor, local community, and environmental corporate responsibility practices and firms' financial performance.
Keywords: corporate responsibility; Europe; financial performance; institutional theory; multilevel-pressures theory; stakeholder theory.
Changes in IFRS accounting policies in the European Union: a count data approach data approach
by Gualter Couto, Francisco Silva, Ruben Cordeiro
Abstract: Firms have changed their accounting policies, either due to the European Union's (EU) regulatory impositions or due to their own will, after the mandatory adoption of International Financial Reporting Standards (IFRS) for all listed companies in the EU member states except banks and insurance companies. We examined the changes in accounting policies between 2006 and 2011. The process of harmonisation of accounting policies within the EU is formal, as the changes introduced by such policies are essentially considered immaterial. The heterogeneity of the accounting policies might have been maintained. Furthermore, such changes have been influenced to a significant degree by the presence of the Big 4 and by the dimension of the entities. The results also suggest that the judgment used to assess the materiality of these changes is not homogeneous. Knowledge of the variables that explain IFRS adoption would allow us to determine whether the information disclosed by different companies can be compared, and it would provide regulatory bodies and European institutions with some guidance on how to improve and clarify the regulations.
Keywords: IFRS; IASB; accounting policies; European Union; Poisson regression.
FDI and technology transfer: the mediating role of market factors
by Alcides Barrichello, Rafael Ricardo Jacomossi, Rogério Morano, Paulo R. Feldmann
Abstract: Traditional FDI and technology transfer literature treats variables as market factors, infrastructure, and education and training as predecessors to attract foreign investment, but it does so in an individualised way This research aims to evaluate how these variables, when considered together, affect the attraction of FDI and technology transfer in the countries The study used indicators of 137 countries, extracted from Global Competitiveness Report, published by World Economic Forum Data were analyzed using structural equation modeling The research revealed that some market factors play a mediating role between the variables infrastructure, education and training regarding the attraction of FDI and technology transfer when all variables are analysed together in a single model In addition, the size of the domestic market is not necessarily an important variable in this context. This research contributes to the advancement of knowledge in the area since it shows an alternative and complementary way of understanding.
Keywords: foreign direct investment; technology transfer; FDI attraction; structural equation modelling; World Economic Forum; international business strategy; globalisation; international markets.
Towards an understanding of corporate heritage: its evolution from 2006 to 2019 and an agenda for future inquiry
by Tugra Nazli Akarsu, Reza Marvi, Pantea Foroudi
Abstract: Having a meaningful connotation with the longevity of the existence, the concept of heritage is being considered as a key element for international organisations to sustain the competitive advantage. The ample research on heritage made an enquiry to the domain of the research essential. Based on ISI Web of Knowledge, this paper evaluates the knowledge structure of corporate and brand heritage by reviewing 78 relevant articles with 941 citations in 50 journals from the business and management domain, between January 2006 and November 2019. By adopting co-citation analysis and multidimensional scaling, we identified five research groups. Co-occurrence network and algorithmic historiography were also utilised to identify the key themes, emerging and evolution of the seminal works. Based on the recent highly cited, a future model was proposed for researchers as well as international marketers that can provide insights on the evolving topics and trend areas within the research domain.
Keywords: corporate heritage; brand heritage; heritage; bibliometric; co-citation analysis; co-occurrence; algorithmic historiography.
Boundary spanning roles of financial advisors in M&As
by Sunny L. Sun, Young Ko
Abstract: How do investment banks (IBs) span informational boundaries and influence mergers and acquisitions (M&As)? By linking boundary-spanning with a network embeddedness perspective, we redefine the boundaries of focal firms and the roles of IBs. In particular, in the process of acquisition, firms build intra-firm ties by hiring IBs and relying on their inter-firm networks. We argue that IBs perform both an information-obtaining and an information-disseminating role across internal and external boundaries. IBs informational boundary-spanning roles become especially salient when targeting private firms. By analyzing 1,776 M&A deals with a series of interviews in China, we provide support for our predictions and suggest that IBs are rainmakers rather than supportive agents.
Keywords: mergers and acquisitions; intra-firm ties; inter-firm networks; informational boundary spanning.
Employees' empowerment and ambidextrous innovation: the knowledge sharing as mediator and the organisational trust as moderator
by Sarra Berraies, Belgacem Bchini, Amira Houaneb
Abstract: This research investigated the impact of employees' empowerment and exploitative, exploratory and ambidextrous innovations, the mediating role of the knowledge sharing in this relationship. We also examined the moderating effect of the organizational trust in the link between employees' empowerment and knowledge sharing. An empirical study performed within 232 Tunisian Knowledge-intensive Firms (KIF). The partial least squares analysis revealed that employees' empowerment is positively linked to exploratory and ambidextrous innovations. Also, findings indicated that knowledge sharing boosts exploitative, exploratory and ambidextrous innovations. Organisational trust moderates positively the link between employees' empowerment and knowledge sharing. This study pioneers the examination of the impact of employees' empowerment on ambidextrous innovation and the moderating effect of the organisational trust and the mediating role of the knowledge sharing in this link. It offers important managerial implications for KIFs' managers that seek to foster knowledge sharing within organisations and achieve ambidextrous innovation.
Keywords: employee empowerment; exploitative innovation; exploratory innovation; ambidexterity; organisational trust; knowledge sharing; knowledge-intensive firms; Tunisia.
The relationship between networks in finance and entrepreneurship
by Miguel-Angel Galindo-Martín, Soledad Castano Martinez, Teresa Mendez Picazo
Abstract: The specialised literature shows that business networks play an important role in the creation and development of business activity. Of particular importance is the activity of networks in finance to provide the resources that entrepreneurship needs. However, we must also consider the factors that may promote the emergence of these networks in finance. The objective of this paper is to analyse the effects of networks in finance on entrepreneurship, as well as the factors that influence them. A theoretical analysis of relations and an empirical study of 16 Organization for Economic Co-operation and Development (OECD) countries are developed, considering two types of model according to the entrepreneurship index. The results obtained indicate that there is a positive and significant relationship between networks in finance and entrepreneurship and that institutions that protect property rights and economic growth favour the use of networks in finance.
Keywords: entrepreneurship; networks in finance; institutions; rule of law; crowdfunding; economic growth; venture capital; corruption; banks; economic freedom.
The effects of guanxi on supply chains: the role of culture
by Chi Zhang, Seock-jin Hong, Marc Ohana
Abstract: With the intensification of Sino-Western trade, an increasing number of studies recognise the importance of guanxi (Chinese interpersonal relations) in international supply chain management. However, there are different types of guanxi, and this study aims to deepen our understanding of the effects of expressive and instrumental guanxi on supply chain performance among buyers with different cultural orientations. Drawing on survey data from 200 Chinese manufacturers conducting overseas business, we find that the mediated relationship between expressive guanxi and supply chain performance through affect-based trust is stronger for collectivist buyers, whereas the mediated relationship between instrumental guanxi and supply chain performance through cognition-based trust is stronger for individualist buyers. Therefore, this study not only sheds light on the effects of two types of guanxi on supply chain performance, but also unveils the moderating role of individualist/collectivist culture on the mediated relationship between guanxi and supply chain performance through affect-based and cognition-based trust.
Keywords: guanxi; affect-based trust; cognition-based trust; culture; buyer-supplier relationships; supply chain management.
The nexus of internal market orientation and international HR management
by Sergey Kazakov, José L. Ruiz-Alba
Abstract: This paper examines Internal Market Orientation (IMO) in the context of international businesses (Multinational Corporations, MNCs) that execute international human resources management (IHRM) to manage their workforce overseas. Grounded in conventional IMO theory, this study suggests a novel iIMO framework that introduces the utilisation of ICTs in IMO and sets business performance metrics as an outcome of iIMO implementation. The viability of the iIMO model was verified following empirical research, which included surveying 650 employees who represent 147 international organisations in the Russian Federation. This paper posits the suitability of the iIMO concept application in the IHRM and affirms its efficacy in the improvement of MNC's business performance.
Keywords: internal market orientation; market orientation; international human resource management; international companies; multi-national companies; organizational performance; business performance; IMO; MNC.
Factors contributing to organizational happiness: content, exploratory and confirmatory factorial analysis
by Georg Dutschke, Álvaro Dias, Carlos Guillen-Gestoso, Sánchez-Sevilla Sergio
Abstract: This study aims to identify the factors promoting organisational happiness. In recent years, research on organisational happiness has been increasing however the factors contributing to organisational happiness are still underexplored. Complementary qualitative-quantitative methods were conducted to obtain item cross-validation. The first method consisted of personal interviews, categorised through content analysis, aiming to identify those items and factors contributing to organisational happiness (n = 969). The second method aimed to validate the identified items and factors and to propose an organisational happiness measure. A survey was applied to a second sample (n = 1.954) of Portuguese and Spanish active professionals. Exploratory and confirmatory factor analysis was conducted. Five first-order factors were identified: (F1) Workplace Relationships; (F2) Acknowledgment and Respect; (F3) Continuous Learning and Personal Development; (F4) Sustainability and Job/Family Balance; (F5) Leadership. These five factors are explained by a second-order factor considered to be organisational happiness. A new comprehensive and integrated organisational happiness is presented.
Keywords: organisational happiness; organisational well-being; construct validity; happiness measure.
Banks' e-reputation and customers' e-loyalty in the mobile-banking applications: e-trust and e-satisfaction as mediators and frequency of use as moderator
by Karim Ben Yahia, Sarra Berraies
Abstract: This paper investigates the links between banks' e-reputation, and customers' e-trust, e-satisfaction and e-loyalty in the mobile banking (MB) context, and explores the moderating role of customers' frequency of use of MB application. Structural equation modelling was used to analyse the data collected from a sample of MB applications users. Results confirm that banks' e-reputation affects positively customers' e-trust. The dimensions of customers' e-trust, namely competence, benevolence and integrity, mediate the link between banks' e-reputation and customers' e-loyalty. MB applications use frequency moderates the link between banks' e-reputation and customers' e-trust. This study highlights the effects of banks' e-reputation in building a good relationship with customers. This work highlights the drivers on which banks must focus to retain their customers, the profile of MB users and the importance of developing a digital monitoring service to manage e-reputation and to create a real sense of closeness with customers.
Keywords: mobile banking services; online reputation; customers; e-trust; E-loyalty; E-satisfaction; Frequency of use; banks' digitalisation; benevolence; competence; integrity.
High-performance work systems, psychological capital and future time perspective: a cross-nations study
by Hamzah Elrehail, Elaheh Behravesh, A. Mohammed Abubakar, Shatha M. Obeidat, Abdallah Alsaad, Mehmet Necati Cizreliogullari, Maher Alatailat
Abstract: This study explores central questions related to the connections between a firm's high-performance work system (HPWS) and its ability to foster the positive employee outcomes, psychological capital (PsyCap) and future time perspective (FTP). Drawing on signalling theory, this paper develops and examines two mediation models. In the first, FTP is proposed as mediating the HPWS-PsyCap relationship; and in the second, PsyCap is proposed as mediating the HPWS-FTP link. Self-reported survey data was collected from bank employees in Cyprus, Turkey and the United Arab Emirates (UAE). Results from partial least squares structural equation modelling (PLS-SEM) revealed that HPWS exerts a positive influence on FTP and PsyCap. The mediation effects hold for all the countries. Deploying signalling theory enriches our understanding of organisational HRM practices and their possible impact on employees. Implications for practice and research are highlighted.
Keywords: work practices; hope; optimism; resilience; self-efficacy; future time perspective.
Effect of acquisitions on R&D intensity: international evidence
by Halit Gonenc, Bruce Seifert
Abstract: This study examines the effect of acquisitions worldwide on R&D intensity of acquiring firms. Acquisitions on one hand could help acquirers with accessing innovation capabilities of target firms. On the other hand, R&D intensity of acquirers decreases after acquisitions because of integration problems between the acquirer and the target. The results do not show strong evidence that R&D intensity significantly changes after acquisitions in general. Industry relatedness and the listing status of targets do not seem to matter in regards to acquirers future R&D intensity, either. However, R&D intensity appears to be influenced by whether or not acquirers operate in industries with high R&D intensity. Moreover, R&D intensity of acquirers increases after cross-border acquisitions when cultural distance is high and the income level is similar between the acquirer and the target countries. An increase in R&D intensity is more pronounced when acquirers are not American firms.
Keywords: acquisitions; R&D intensity; cross-border acquisitions; country income level; cultural distance.
COVID-19 crisis and online businesses resilience: A moderated mediation model
by Pejman Ebrahimi, Maryam Soleimani, Sebastian Kot, Maria Fekete-Farkas, Hamidreza Alipour
Abstract: This study aims to investigate how COVID-19 pandemic crisis effect on online businesses resilience. For this purpose, an online questionnaire was designed and distributed among the sample of four online businesses, and 443 completed questionnaires were analysed following the PLS-SEM approach. Online questionnaires started on March 10, 2020 and continued until July 5, 2020. Findings revealed that the moderated mediation effect was significant not only for ADAP-BMD-RES. Findings also highlighted that innovation in the COVID-19 pandemic crisis is the key to online business resilience. Moreover, the presence of a significant specific indirect effect exhibits the extent of BMI and BMD simultaneous effect on online business resilience. The important finding that focusing simultaneously on the structures of these two structures can lead to greater online business resilience during the COVID-19 pandemic is substantial in managerial point of view and can be taken into consideration by online business managers.
Keywords: COVID-19; online businesses resilience; business model innovation; business model development.
Social identities of expatriates: a systematic literature review and agenda for future research
by Feng Liu, Xin Gu
Abstract: As the business world becomes more global and interweaved, multinational organisations have gradually become the major actor in international business. Meanwhile, the number of expatriates is continuously increasing during this process. Social and cultural (non-)psychologists have examined expatriate acculturation and adjustment from both empirical and theoretical perspectives. However, existing studies have not gone far enough in fully understanding the definition and categorisation of expatriates' social identity, limiting our insights of the overarching effect of it on expatriate tasks and expatriates' experiences. This article provides a systematic literature review on expatriates' social identity from cultural and ethnic perspective. The overview shows most studies have been done based on empirical investigations, the use of identity theories is limited, and put emphasis more on outcomes than on antecedents, particularly antecedents of expatriates' social identity at the organisational level are deficient. Furthermore, by reviewing the theoretical frameworks and empirical findings of studies in this field, it also provides a roadmap for future scholars to more systematically research on expatriates social identity.
Keywords: expatriates; social identity; multinational corporations.
The work attitude and work conditions of older age workforce as a part of the social dimension of sustainability in Visegrad Group countries.
by Hana Stojanova, Ivona Vrdoljak Raguž, Katerina Pichova
Abstract: The aim of the paper is to recognise the factors that determine the work attitude and work conditions of older age workforce as a part of the social dimension of sustainability in Visegrad Group countries. The knowledge of these factors can help to increase the quality of the working environment for senior workforce, as well as extending their stay in the work process and using their experience and quality in the labour market. The comparison of the senior workforce working conditions among the Visegrad Group countries and EU 28 countries has become a part of the research. To fulfil the aim of the paper and the interpretation of identified factors, the method of factor analysis has been used. Based on research findings, the five main factors have been established associated with the sustainable employment of workers aged fifty years and older in Visegrad Group countries.
Keywords: sustainable employment; older age workforce; working conditions; Visegrad Group countries labour market.
Unorganised entrepreneurship in emerging economies: role of family supporting factors in the development of women-owned micro-enterprises in North India
by Harpriya Harpriya, Rakesh Kumar Sharma, Ash Sah
Abstract: This paper studies the role of family supportive factors for the development of women-owned micro-enterprises in North India. The survey is conducted through a self-structured questionnaire, from which data has been collected for various family supporting factors that are hypothesised to allow women to become successful entrepreneurs in North India. Multivariate regressions (stepwise) have been used to reveal the important role of these factors in the performance of women-owned micro-enterprises in North India. The findings suggest that family intensity plays a significant role in the performance of women-owned micro-enterprises.
Keywords: family support; micro-enterprises; North India; performance; women entrepreneurship.
Workplace bullying, organisational commitment and entrepreneurial intentions: the Serbian case
by Sanja Stankov, Tatjana Ilić-Kosanović, Jasmina Poštin, Eleonora Brtka, Milan Nikolić
Abstract: The aim of the paper is to examine the effects of workplace bullying on organisational commitment, the theory of planned behaviour and entrepreneurial intentions. The moderating effect of the respondents' level of education on the observed relationships was also examined. The data were obtained through a survey of 536 respondents employed by organisations in Serbia. The following methods were used: correlation analysis, regression analysis and hierarchical regression analysis. The main findings are: workplace bullying negatively affects organisational commitment, most strongly organisational identification; person-related bullying can damage employees' self-esteem, leading to loss of faith in their entrepreneurial skills, and a significant decline in their entrepreneurial intentions; work-related bullying can motivate employees to show their professional values and prove their business skills through entrepreneurship. The results are useful for leaders and employees, in terms of gaining a better understanding of the observed effects of workplace bullying and mitigating their consequences.
Keywords: workplace bullying; organisational commitment; theory of planned behaviour; entrepreneurial intentions; Serbia.
The impact of sustainable tourism on quality of life among the marginalised community in Mabul Island, Sabah, Malaysia.
by Fatin Nornajla Khairuddin, Sridar Ramachandran, May Ling Siow, Illisriyani Ismail, Risidaxshinni Kumarusamy, Puvaneswaran Kunasekaran
Abstract: Mabul Island is a famous diving site for local and foreign tourists, making it an important asset to the Malaysia's economy through its diving tourism. This study examined the impact of sustainable tourism on the quality of life among the marginalised community in Mabul Island using a 2017 population census as a representative sample. Multiple regression analysis of survey data revealed that four factors significantly influence the local community's quality of life, namely social impact, economic impact, gender, and tourism occupation. Therefore, this study contributes to a better understanding of sustainable tourism's impacts from the indigenous perspective.
Keywords: sustainable tourism; quality of life; marginalised community; Mabul Island.
Country of origin image: Portuguese and Italian shoes in China
by Cristela Bairrada, Guilherme Silva, Arnaldo Coelho
Abstract: This study intends to reinforce the knowledge about the Country of Origin Image (COI), identifying its antecedents and consequents by analysing how Portuguese and Italian footwear are perceived in the Chinese market. The cosmopolitanism and affinity constructs were the considered antecedents of COI, and the consequents were brand equity, luxury perception and purchase intention. To respond to the objectives outlined, a questionnaire was applied to Chinese consumers with 307 valid questionnaires. Structural equation modelling was used to test the proposed hypotheses. The analysis of the data allowed us to confirm that the COI has a positive influence on luxury perception and purchase intention of footwear coming from these two countries. However, brand equity was never shown to be a consequent. The inclusion of luxury perception as a consequent of COI is the main innovative aspect of this study, and it was shown to be a relevant construct in this context.
Keywords: country of origin image; luxury perception; purchase intention; footwear.
Future of business learning research: a bibliometric and causal layered analysis
by Pouria Goldasteh, Morteza Akbari, Afsaneh Bagheri, Ali Dehkordi Mobini
Abstract: Numerous studies have investigated different aspects of business learning for many years, and now exploring insights and directions of the future research in this area needs more precise and detailed methods. The main contribution of this study is a novel research methodology to analyse the future of business learning research by using specific bibliometric method outputs for presenting a casual layered analysis of this domain. Accordingly, a sample of 1411 papers in this area has been retrieved from Thompson Reuters Web of Science
Keywords: business learning; bibliometric method; causal layered analysis; strategic map.
International entrepreneurial orientation and the international performance of returnee firms: The moderating roles of networks and timing of internationalisation
by Haiyan Li, Li Yu
Abstract: Research has shown that returnee entrepreneurial firms exhibit high levels of international entrepreneurial orientation (IEO). However, evidence suggests ambiguity regarding how the level of IEO affects firms international performance. Drawing on social network theory, this study theorises about and specifies the network conditions under which IEO leads to higher international performance. Furthermore, whether the effects of networks vary with the timing of internationalisation is investigated. A sample of 216 Chinese returnee entrepreneurial firms with international business operations was used to test the proposed hypotheses. Results confirm that the effect of IEO on firms international performance is enhanced by both international and domestic networks. Furthermore, the moderating effects of different types of networks vary between early and late internationalised firms. These findings help clarify inconsistent results on the relationship between IEO and international performance by ascertaining the concurrent effects of international and domestic networks and suggesting that the timing of internationalisation may need to be considered in exploiting the benefits of such networks.
Keywords: Returnee entrepreneurship; IEO; international networks; Domestic networks; Timing of internationalisation.
CSR and firm value: stock price response to repeated unfaithful disclosure in the Korean stock market
by Wonsik Sul, Yejee Lee
Abstract: Today, the importance of CSR is increasing, and disclosure is one of the indicators of the transparency of corporate governance, which constitutes an important component of CSR. However, unfaithful disclosures are increasing in Korea, with the same firms repeating them. This study verified the effects of repeated unfaithful disclosures on stock prices, using data from 2012 to 2017. First, disclosure conditions were classified. The stock market response was then analysed through cumulative average abnormal returns. The findings showed that the negative effect on firm value was greater when a firm was designated as an unfaithful disclosure corporation for the second time. Moreover, warnings about designations and actual designations were perceived as negative news, whereas non-designations were perceived as positive news.
Keywords: corporate social responsibility; unfaithful disclosure; firm value; stock price.
Micro-level cultural profiles on teamwork orientation and contribution
by Edward Akoto, Vasyl Taras
Abstract: This study utilised the collectivism and power distance dimensions to examine the prevalence of micro-level cultural profiles in the predefined categorisation of national cultural settings and their effect on team orientation and contribution. Based on a multi-year sample of 11,058 individuals from 157 countries, our analysis confirmed four culture-based clusters: collectivist-high power distance, collectivist-low power distance, individualist-high power distance, and the individualist-low power distance profiles. As expected, the collectivist-based profiles were prevalent among the non-western respondents, but the individualist-based profiles were not prevalent among the western respondents. Similarly, the collectivist-low power distance and individualist-low power distance profiles reported higher contributions to the team. These findings contradict the prevalent assumptions about the east-west cultural differences. The study shows that the micro-level analysis of individual values is necessary for understanding individual behaviours in workgroups.
Keywords: profile analysis; culture configurations; micro-level values; collectivism/individualism; power distance; teamwork orientation; team contribution.
Role of supply chain agility, sustainability and information sharing in humanitarian supply chain management: a review analysis
by Raeda Jamal Sa’ada
Abstract: The paper aims to identify the significance of humanitarian supply chain management considering multiple factors and variables Primarily, it focuses on quality dimensions of information sharing such as timely, accuracy, completeness, credibility and adequacy It investigates the relationship between information sharing, supply chain agility, and supply chain sustainability A review approach is adopted, which integrates into various phases The articles relevant to the humanitarian supply chain management were selected from 2000 to 2019 Results of the study indicated supply chain agility, sustainability and information sharing as important contributors of humanitarian supply chain management. Findings further identified different ways and agent' part of the humanitarian supply chain management
Keywords: agility; supply chain; social responsibility; strategy development.
Solution strategy for inventory constrained maritime routing and scheduling: multi-commodity bulk shipping
by Seung-June Hwang, Seung Hyun Baek
Abstract: This article deals with a solution algorithm that takes advantage of model properties for routing problems on the maritime transport of liquid bulk products. It shows that the mixed-integer linear program can be decomposed into several subproblems by dualizing coupling constraints. Also, the minimization problem is solved by the Lagrangian relaxation method to get a better lower bound in this article. Numerical studies to establish the goodness of the combined Lagrangian relaxation and dual ascent method are conducted. The test results show an average duality gap of 26.8% and an average optimality gap of 12.5% on small sized problems. More importantly, the solution times are, on average, three orders of magnitude faster than getting a first feasible solution by CPLEX when using the default options of the solver.
Keywords: maritime routing and scheduling; multi-commodity bulk shipping; Lagrangian relaxation; dual ascent heuristic; duality gap.
Public subsidies and firm innovation: an international comparative review based on bibliometric analysis
by Ke Feng, Deming Zeng, Xin Zhou
Abstract: A fast-growing global literature examines the relationship between public subsidies and firm innovation from different perspectives. Through a systematic quantitative literature review and bibliometric analysis, this study maps the evolution of the intellectual structure of the literature on public subsidies and firm innovation through international comparison. The results indicate that the global literature developed a core collection of central topics and interconnected dominant research streams. Its focus gradually shifted from a macro to a firm-centric perspective that seeks to unravel how firms interact with external factors to use public subsidies and experience changes in innovation performance. Chinese, American, and German scholars, respectively, adopted d varied approaches, that is, real-problem driven, theory-driven, and policy-evaluation perspectives, respectively. These bibliometric results call for an integrated theoretical framework that combines resource-based view, organisational learning theory, examinations on international policy competition, and a contingency theory.
Keywords: public subsidies; firm innovation; international comparison; bibliometric analysis; social network analysis.
Can government R&D subsidies jointly leverage external and internal funds of enterprises to assist R&D?
by Xing Liu, Huan Shao, Chun Su
Abstract: The original intention of government R&D subsidy is not only to directly encourage enterprises to increase R&D investment, but also to guide external investors to help enterprises' innovation. Because of this, this paper, by manually collecting R&D subsidy data of Chinese A-share strategic emerging industrial enterprises from 2007 to 2017, based on the resource attribute and signal attribute of R&D subsidy, studies whether R&D subsidy can jointly leverage external and internal funds of enterprises to assist R&D. The research found that, at first, R&D subsidy can not only help enterprises with R&D by guiding external funds but also promote enterprises to increase their own funds for innovative activities. However, with the further increase of R&D subsidy intensity, external financing will gradually squeeze out the funds for R&D activities within the enterprises, thus making the R&D investment level caused by the enterprises' own funds begin to decrease continuously instead.
Keywords: China; government R&D subsidy; external financing funds of the enterprise; own funds within the enterprise; enterprise R&D investment.
CULTURAL INTELLIGENCE, CULTURAL DISTANCE, AND EXPORT PERFORMANCE OF THE FIRM
by Valeria Giovannini, Niels Noorderhaven, Andrea Prencipe
Abstract: Research in international business has tended to focus on macro-level factors, such as the cultural distance between home country and host country in explaining success in international activities like export. But micro-level factors, operating at the firm or individual level, may also affect export success. This study focuses on the cultural intelligence of managers. Based on survey data from Italian SMEs we find that the cultural intelligence of export managers is positively related to the export performance of their firms. We also find that this effect is stronger if the cultural distance between home and host countries is larger. Our study has implications for theory on export performance and the effects of cultural intelligence on international business.
Keywords: small and medium-sized enterprises; culture export; cultural intelligence.
Microfoundations of global innovative performance in Latin America: exploring the role of cultural intelligence and country of origin
by Jase Ramsey, Melanie Lorenz, Jack Clampit, Daniel Rottig
Abstract: The purpose of this study is to examine the microfoundations and emergence of firm-level cultural intelligence (CQ). Using dynamic capabilities theory, we conceptually develop a framework that proposes a positive relationship between firm-level CQ and innovative performance, moderated by a firm's country of origin. We further conduct an exploratory empirical analysis based on a lagged, cross-sectional design using multisource data, including primary survey data from 353 global managers from large Brazilian and foreign developed market MNEs operating in Brazil representing a variety of industries as well as archival data on innovative performance to include objective firm performance data. The results generally support our hypotheses. Specifically, the impact of firm-level CQ on innovative performance was supported for both the innovation input and the downstream innovation outcome of sales growth. The moderating effect of country of origin on innovation performance was partially supported.
Keywords: innovative performance; firm-level cultural intelligence; multinational enterprises; microfoundations of firm performance; country of origin.
The effects of organisational factors on work outcomes in hospitality: the role of resilience
by Ivana Blešić, Sanja Kovačić, Marko Petrović, Snežana Milićević
Abstract: The current study aims to analyse the relationships between organisational factors (learning culture, leadership, corporative communication, and work engagement), work outcomes (work satisfaction, turnover intention, employee participation) and employee resilience, intending to test a mediating role of employee resilience in the hotel industry. The current paper represents a quantitative study, using questionnaire as an instrument for data collection. Data were collected from a sample of 204 frontline employees in 30 hotels in Serbia. The results revealed the positive direct effects of organisational factors on employee resilience and work outcomes. Moreover, resilience is significantly affecting work outcomes. The research also showed the mediating effect of resilience in regression between organisational factors and work outcomes. The paper addresses an important research gap in hospitality research, as the mentioned model exploring organisational factors, work outcomes and employee resilience has never been applied in this field before.
Keywords: employee resilience; organisational factors; work outcomes; hotel industry.
Gaining insight into country image: a moderated mediation analysis of the perception of Italy across seven emerging markets
by Alessandro De Nisco, Michela C. Mason, Maria Rosaria Napolitano, Rubens Pauluzzo
Abstract: In spite of the substantial number of studies on country image, there is still a lack of a holistic understanding of the phenomenon. The aim of this paper is to examine the different aspects of macro and micro country image and their effects on behavioural outcomes towards Italian products and tourist destinations in the emerging market context. The study also deepens comprehension of the rather unexplored role of cultural heritage image. Data gathered from a sample of 3,928 respondents from seven emerging countries (Brazil, China, India, Indonesia, Russia, South Africa, and Turkey) were analysed with hierarchical cluster analysis, non-hierarchical k-means clustering algorithm, and multiple moderated mediation analysis. Results confirm the halo effect of country image in affecting consumers behavioural responses and show that cultural heritage image has a strong evocative power to communicate the identity of a country and the quality and appeal of its products or destinations.
Keywords: general country image; product country image; tourist destination image; cultural heritage image; product purchase intentions; destination visit intentions; segmentation; emerging countries.
Coping with uncertainty in FDI entry mode choices: differences between family and non-family businesses
by Ya-Wei Yang, Anthony Kuo, Ming-Sung Kao, Yi-Chieh Chang, Yao-Tung Chen
Abstract: This study examines how firms cope with internal (behavioral) uncertainty and external (environmental) uncertainty when they make FDI entry mode decisions, and the possible differences between FBs and non-FBs. Drawing from the transaction cost economics (TCE) tradition and new internalization theory, we hypothesize that all firms tend to choose joint venture (JVs) over wholly-owned subsidiaries (WOSs) when they encounter high uncertainty. We further hypothesize that, due to FBs concerns of socioemotional wealth (SEW), they are more likely than non-FBs to choose JVs when coping with high internal uncertainty and external uncertainty. The empirical results partially support our hypotheses, suggesting that FBs and non-FBs cope with internal uncertainty differently: FBs exhibit a higher tendency to choose JVs when they cope with internal uncertainty. However, FBs and non-FBs make similar FDI entry mode decisions when coping with external uncertainty.
Keywords: entry mode; family business; FDI; joint ventures; social emotional wealth; uncertainty.
CSR of foreign banks from Central and Eastern Europe: an international comparison
by Mirela Panait, Catalin Voica, Maria Palazzo, Alfonso Siano
Abstract: The paper analyses the chameleonic behaviour of banks with foreign capital in Central and Eastern Europe (CEE) after the fall of communism. Those banks decided to maximise profits, using abusive contractual clauses, while implementing corporate social responsibility (CSR). The research explores CSR reports and statistical data provided by different bodies in nine countries and correlates the results with country risk classification. The research highlights that asymmetry of information has caused a split between the declared responsible intentions of banks involved in the economic development of CEE and their unethical actions of selling misleading financial services to consumers with low level of financial education. The paper highlights that it is important for banks to understand that reducing the asymmetry of information with customers and applying a systematic and continuous approach to CSR can help financial organisations to attract important resources and to attain economic goals.
Keywords: foreign capitals; Central and Eastern Europe; corporate social responsibility; interest rate; chameleonic behaviour; agency theory.
Cultural intelligence development in internationalising SMEs: experiential and social learning mechanisms for successful owner-managers
by Rubens Pauluzzo
Abstract: The aim of this paper is to measure the impact of experiential and social learning mechanisms on the creation of cultural intelligence in the small and medium-sized enterprises (SMEs) domain. Data gathered from 244 owner-managers of Italian SMEs involved in international business activities show that social learning mechanisms can support SMEs in developing individuals' capabilities to function and manage in cultural diverse environments more effectively than experiential learning, since the acquisition of direct experience usually requires time, costs, and risks that small ventures cannot always afford. The present paper extends prior research on global leaders learning mechanisms by deepening comprehension of the rather unexplored context of internationalising SMEs learning processes, thus filling the gap on how these firms can gain knowledge from international markets.
Keywords: SMEs; international experience; cultural intelligence; leadership capabilities; learning mechanisms; Experiential Learning Theory; Social Cognitive Theory; moderated multiple regression analysis.
Imitation and speed of the internationalisation process: an analysis of market selection process
by Jude N. Edeh, Francisco José Acedo González, Jose Carlos Casillas, Encarnación Ramos-Hidalgo
Abstract: The role of speed in the internationalisation process of firms is increasingly becoming an important research question for international business scholars. In this regard, prior research raised the importance of experiential knowledge for understanding internationalisation speed, but neglected other sources of knowledge acquisition in the internationalisation process. This paper addresses this gap by examining the impact of inter-organizational imitation on the speed at which firms locate their operations in foreign markets. The empirical analysis is based on a sample of 479 Spanish international firms covering a 23-year period (1986
Keywords: internationalisation speed; market selection; interorganisational imitation; industry; frequency-based imitation; trait-based imitation.
Foreign entrepreneurs' social networks and business performance: contingent effects of political networking and policy uncertainty
by Ali Ahmad Bodla, Yuan Li, Ali Nawaz Khan, Longwei Tian
Abstract: This study explores how foreign entrepreneurs' social networks influence their business venture performance and how government policy uncertainty and political networking moderate this relationship. Using survey data from foreign business ventures in China, we find that foreign entrepreneurs' network structural holes significantly contribute to their business venture performance, but government policy uncertainty negatively moderates this relationship. It suggests that the positive relationship between network structural holes and business venture performance is reinforced by political networking, especially when government policy uncertainty is low. This study contributes to the international entrepreneurship and social network literature and provides a profound understanding of the mechanism that facilitates foreign business venture performance.
Keywords: foreign entrepreneurs; social network structures; government policy uncertainty; political networking; business venture performance.
A marriage in a complex relationship: bank source, bank visibility and banking efficiency. Does clients' perception agree with the balance sheet data?
by Joy Say, Zhao Honjiang, Evans Asante Boadi, Angela A. Nusenu, Kafui Y. Girentsi, Francisca S. Agbenyegah
Abstract: The study sought to find out the effect of bank origin and bank visibility on bank efficiency using the commercial banks in Ghana from 2014-2017. Employing a mixed research of secondary data and primary survey analysed using DEA and Structural Equation Modelling (SEM), the study found that bank efficiency and the perception of efficiency differ in terms of the origin of the bank. Firstly, the study found disparities in the conclusions of both the secondary data and the primary data analysis. The study also found that visibility negatively correlates with efficiency and further, the more visible a bank is, the more the bank is perceived to be efficient. The study thus implies that while policy is tailored towards removal of advantages and disadvantages alluding to origin, large stakeholder consultations are required in cases such as banking sector clean-ups.
Keywords: bank efficiency; visibility; bank origin; mixed research; Ghana.
Dynamic impact of corporate governance on innovation: an advanced panel data estimation
by Jun Wen, Hamid Mahmood, Samia Khalid, Yang Bai
Abstract: This study examined the impact of corporate governance on innovation intensity using a sample of listed firms in three Asian innovation countries namely, China, Japan, South Korea, from 2010-2017. This study explores the link between corporate governance and innovation We employed westerlund cointegration methodology to estimate the research findings Pesarans cross-section dependence test and slope homogeneity test confirmed the existence of a slope heterogeneity across firms Moreover, the results confirmed the long-run relationship between the corporate governance and innovation In the long run, innovation has increased and expand against corporate governance and size of firms Additionally, the results from Augmented Mean Group (AMG) were reconfirmed by utilizing the method. Our key findings lead towards the demonstration and emphasizes of the importance of appropriate policies for good corporate governance and at the same time, upgrading product innovations in order to attain long run sustainability and development.
Keywords: corporate governance; innovation; Westerlund cointegration.
The status of cooperation for the organisational learning of SMEs: an empirical literature review and research agenda
by Susana Geraldes, Mario Franco
Abstract: In an increasingly global and competitive world, organisations need to search for additional methods to gain competitive advantage and enhance performance. Greater relevance is attributed to inter-organisational learning, a key factor for the success of an organisation. The aim of this research is to present a systematic review of organizational learning and cooperation in small and medium sized enterprises (SMEs), based on related articles published in Web of Science and Scopus. Over the period 19942018, a total of 49 papers were found after applying exclusion criteria. Analysis of the evolution of publications, leading journals, authors, methodologies and theories was performed. Lastly, a content study identified three main topics in the field: partners, enabling factors and results and objectives for firms to cooperate and learn.
Keywords: organisational learning; cooperation; partnership; network; SME; empirical; systematic literature review.
Cessation of an era, collapse of a giant: a review of Nokia with a qualitative system dynamics approach
by Omur Saatcioglu, Nergis Ozispa, Burhan Kayiran, Emir Ozeren
Abstract: This study aims at understanding the demise of Nokia, a pioneering high-tech firm and leader in the mobile phone market for nearly 14 years. It investigates the main factors influencing Nokia's business and innovation performance during its collapse from the perspective of business functions, innovation types and innovation adoption. Drawing on an extensive review of the literature on Nokia via a qualitative system dynamics approach, we developed a holistic framework based on Nokias past failures. The key lessons learned were: the firm's strategy between 2003 and 2013 seemed confusing with ongoing internal struggles, a lack of clear strategic vision and decisions from top management, an inconsistency in organisational design choices and inadequate response to rapid technological changes and advances in the smartphone industry prevail. The paper contributes to a more nuanced understanding of cause-and-effects of Nokia's failure by identifying major variables within qualitative system dynamics model.
Keywords: business and innovation performance; innovation adoption; open innovation; business model innovation; reverse innovation; coopetition; Nokia; high-tech; mobile phone industry; system dynamics method.
Predicting Chinese tourists' revisit intention through destination personality, destination image and destination self-congruity: a case study in Glasgow, UK
by Shaohua Yang, Salmi Isa, Thurasamy Ramayah, Ghazanfer Abbasi
Abstract: This research intends to empirically examine the relationship between destination personality, destination image, destination self-congruity and revisit intention among Chinese tourists travelling in Glasgow, UK. This study draws quantitative data from 226 Chinese tourists who visited Glasgow. Data analysis is conducted through an approach called Partial Least Squares - Structural Equation Modelling (PLS-SEM). Findings indicate that destination image and revisit intention are under the impact of destination personality. It is also found that destination image is associated with revisit intention. However, moderating effects of destination self-congruity are identified to be insignificant between destination image and revisit intention. Valuable theoretical, practical and methodological significance can be found in this study for scholars and practitioners in the realm of tourism marketing.
Keywords: second order construct; formative model; destination image; destination self-congruity; Chinese tourists.
Knowledge and technology transfer in multinationals: a systematic literature review
by Rosivalda Pereira, Mario Franco, Margarida Rodrigues, Rui Silva
Abstract: The transfer of knowledge and technology in multinational firms (MNE) is fundamental for market development and is therefore a recurrent topic in the literature. This study aims to map the extensive literature on knowledge and technology transfer in multinationals, through a bibliometric review using the Bibliometrix package software, preceded by a descriptive analysis. The descriptive analysis shows the most cited articles and the journals with the greatest number of publications, among other aspects. The results of the Bibliometrix obtained show that bibliometric units are knowledge transfer, foreign direct investment and innovation, which has directed current topics towards innovation and technological transfer. The results also showed that these constructs are increasingly important to respond to unexpected challenges occurring at a global level, given that the success of these responses depends on resilience to change and the adoption of new forms of management based on digitalisation, talents and reshoring.
Keywords: multinational; knowledge transfer; technology transfer; Bibliometrix; bibliometrics.
From crowdfunding to crowdlending: the cases of Acero watch Perinet winery
by Samuel Ribeiro-Navarrete, Esther Calderón-Monge, Pilar Huerta-Zavala, Daniel Palacios
Abstract: Crowdlending is becoming an increasingly viable financing alternative for companies and individuals. This paper analyses the combined use of reward-based crowdfunding and crowdlending to finance ventures. It also examines the use of crowdlending to attract financing. The paper studies the cases of two companies from different sectors (watches and quality wine) and at different stages of the business life cycle. The crowdlending projects, platforms and types of loans used by these two companies also differ. Analysis based on the case method indicates that, for early-stage ventures, the combination of crowdfunding for business creation and crowdlending to support business operations is an effective way of funding an entrepreneurial venture. The choice of a crowdlending platform with a large community of investors ensures that borrowers achieve the funding they seek, as long as the loan offers high returns and low risk or the business idea is positive for the planet or society.
Keywords: crowdlending; crowdfunding; entrepreneurship; fintech; wine; watches.
The efficiency of financial intermediation and SMEs' cash holdings. Empirical evidence from emerging Europe
by Sorin Gabriel Anton
Abstract: The level of cash holdings and their determinants currently represent a hot issue in financial management research. Despite the extensive research conducted on the subject, topical knowledge on cash policies in the case of SMEs is still limited. The paper aims to analyse the effect of financial intermediation efficiency on the level of cash holdings for a large sample of gazelles from Central, Eastern, and South-Eastern Europe over the period 2006-2014. The empirical results suggest a negative relationship between bank lending-deposit spread and cash holdings. Equally, this study provides empirical evidence for a non-linear relationship between cash holdings and short-term debt. At the same time, large gazelles, firms with more tangible assets, and firms holding liquid assets other than cash, were shown to hold less cash. The results are robust to different econometric approaches, different sub-samples, and alternative variables for cash holdings.
Keywords: cash holdings; efficiency; financial intermediation; gazelles; emerging economies; Europe.
The impact of the COVID-19 fear on international opportunity recognition: the role of causation, effectuation and optimism
by Haroon Muzaffar
Abstract: The unprecedented fear triggered by the COVID-19 could profoundly affect how we see the world, and how we take our decisions. Against this background, we investigated how the COVID-19 fear impacts the international opportunity recognition (IOR), and causal and effectual decision-making logics of entrepreneurs. Additionally we examined the mediating role of the decision-making logics, and the moderating role of optimism in the COVID-19 fear to IOR relationship. Results showed that COVID-19 fear negatively impacts IOR, whereas it has positive impact on the causal and effectual decision-making logics. Further, results indicate that the relation between COVID-19 fear and IOR is mediated by the causal and effectual decision-making logics. We also found that the relationship of COVID-19 fear to IOR is significantly moderated by optimism.
Keywords: COVID-19 fear; international opportunity recognition; effectuation; causation; optimism; international entrepreneurship.
Chinese firms in developed and developing countries: the alignment of foreign direct investment motives with staffing practices
by Cuiling Jiang, Dorra Yahiaoui, Chi Zhang
Abstract: This study aims to investigate what motivates Chinese firms to expand their business abroad and how these firms align investment motives with their staffing practices in developed and developing countries. Through in-depth interviews with Chinese expatriate managers and host country managers in 21 overseas Chinese firms, our findings show that responding to Chinas Belt and Road Initiative (BRI), improving Chinas international reputation, benefitting from host country investment environment, and targeting host country Chinese investors, are the main investment motives to engage Chinese firms in internationalisation. To support these internationalisation motives, Chinese firms show instrumental, cognitive and moral focuses in their international staffing practices. For developed countries, Chinese firms prefer human resource management localisation, whereas for developing countries, Chinese firms staff their management positions mainly with expatriates.
Keywords: Belt and Road Initiative; China; developed countries; developing countries; foreign direct investment; motives; staffing practices.
Which factors moderate and mediate the relationship between enterprise risk management and firm performance? A meta-analysis and conceptual study.
by Lenka Syrová, Jindřch Špička
Abstract: The need for enterprise risk management always becomes more topical during an ongoing crisis. Implementing a formal or informal risk management system is an important part of all organisations' strategies to address crises, whether they are financial in nature or health related. Effective risk management helps achieve strategic goals, including firm performance. Enterprise risk management (ERM) does not always affect firm performance directly. The inconsistency in empirical studies' conclusions regarding this issue indicates that several mediator and moderator variables influence the association between ERM and firm performance. Therefore, the aim of this article is to propose a model of the relationship between ERM and firm performance based on a systematic literature review of 47 relevant articles. The authors found that it was necessary to investigate the moderating effect of organisational culture and the mediating effect of firm reputation on the relationship between enterprise risk management and subjective firm performance.
Keywords: enterprise risk management; determinants; mediator; moderator; non-financial companies; organisational culture; strategy; performance.
Can marketing counter technology leakage effects in emerging markets?
by Amit Bhatnagar, Siddhartha S. Syam
Abstract: Motivated by both cost savings and market opportunities, MNCs increasingly offshore production to emerging markets. Unfortunately, these markets often have weak copyright laws and even weaker enforcement culture that enable rampant unauthorised technology leakages. We develop an analytical model to investigate if investments in marketing and promotion can protect demand. Demand is modelled as a multiplicative function of two factors, base demand, which depends on R&D, and multiplier demand due to promotion and marketing. Three scenarios are investigated: (a) production and retailing independently in each market (b) outsourcing production for domestic and offshore markets to the offshore facility and (c) outsourcing with reverse competition in the home market from offshore competitors. We conduct an extensive simulation experiment and find that for a medium length planning horizon of five to six years, it is indeed possible to use promotion efforts to protect market share.
Keywords: offshoring; intellectual property theft; analytical economic models.
Preferential hiring of relatives and family SMEs' internationalisation
by Pablo Doucet, Ignacio Requejo, Isabel Suárez-González
Abstract: A well-established argument in the family business literature is that the pursuit of noneconomic goals has a remarkable impact on family firms' strategic decisions, and particularly on their international expansion intentions. But scant research explores how family goals affect family firms' internationalisation. Using survey and archival data on a sample of 1201 Spanish family SMEs, we show that altruism-induced preferences - as captured by the adoption of the preferential hiring of relatives (PHR) as a primary goal - significantly reduces foreign sales intensity and limits family business operations to their local regions. Furthermore, we find that the external threat of local unemployment exacerbates the negative effect of selecting PHR as a priority on export intensity. Our findings extend previous research on the internationalisation of family firms by highlighting the potentially adverse consequences of prioritising noneconomic goals and how the firm's environment may interact with such goals to accentuate or impede SMEs' internationalisation.
Keywords: family SMEs; internationalisation; family goals; altruism; export intensity.
Cross-generational analysis of anxiety, materialism and voluntary simplicity during the COVID-19 pandemic in Thailand
by Nuttapol Assarut, Theeranuch Pusaksrikit
Abstract: The coronavirus (COVID-19) outbreak represents an extremely stressful experience across the global population. People are anxious about their health, source of income, and daily routines. These COVID-19 related anxieties can lead to changes in consumer attitudes and behaviour. This study thus investigates the relationship between anxiety, materialism, and voluntary simplicity by consumers across generations during the outbreak in Thailand. Conducting survey research, our results show that this anxiety has had a direct effect on voluntary simplicity, particularly for Generation X and Generation Y. It has also had an indirect effect on voluntary simplicity through materialism on all generations, except Generation Y. This research offers insights into how to promote simplicity in living among different generations in a developing country.
Keywords: COVID-19; anxiety; materialism; voluntary simplicity; cross-generation; sustainable consumption; Thailand; baby boomers; Generation X; Generation Y; Generation Z.
Host and home country co-determinants of foreign establishment modes: evidence from the Chinese natural resource industries
by Jing Su, Ping Lv, Peter Gammeltoft, Ilan Alon
Abstract: We analyze the impact of home and host country co-determinants on the foreign establishment modes of Chinese multinational enterprises in natural resource industries. Using data from the Chinese Ministry of Commerce, we document that host country factors have a direct effect on establishment modes, whereas home country factors, particularly those related to the province in which the company is located, have an indirect effect through their impact on the firm's capabilities. While companies are more likely to pursue acquisitions in host countries with a rule-based governance environment, this relationship weakens when either the resource endowments of the home province increase, or the business environment of the home province improves.
Keywords: foreign establishment modes; home country; host country; natural resource industries; hierarchical linear modeling.
Managing the increase in the EU public debt risk amid the corona crisis
by Konrad Raczkowski, Marta Postula
Abstract: The purpose of this article is to examine the capacity for managing the public finance risk in European Union countries posed by the COVID-19 pandemic. Research has been conducted for the years between 1999 and 2020, broken down into respective periods. It is hypothesised that the management of the EU public finance risk amid the corona crisis will be determined differently for euro area countries and other EU member states, and depend on a strong protectionist policy manifesting itself in the introduction of non-standard values of subsidies and social transfers at the expense of higher public debt. The results obtained indicate the growing role of the state in driving the social and economic development in all EU countries
Keywords: public debt; public finance; risk; corona crisis; financial stability.
Evaluation of values, intelligence, and competencies for 'global leaders'
by Chiara Cannavale, Giorgia Rivieccio, Iman Zohoorian Nadali
Abstract: This paper explores the under-studied effects of emotional and spiritual intelligence and basic values on competencies of the 21st century global leaders and sheds light on how to further study such phenomena. This paper addresses an important gap in the literature of global leadership by considering values in the interactions among intelligences and competencies of global leaders. The theoretical bases of our exploratory paper rely on the basic values, expatriate acculturation, and the international adjustment model. Our sample observations of 46 global leaders inspire the development of some hypotheses for further studies. Analysis of the sample data suggested a mediating role of emotional intelligence in the indirect relationship between spiritual intelligence and competencies of global leaders. In contrast to conventional understandings, it was also revealed that
Keywords: basic values; emotional intelligence; spiritual intelligence; global competencies; global leadership.
The co-evolution of informal networks, institutions, and corruption in Russia: from an economy of favours to an economy of greed
by Daniel J. McCarthy, Sheila M. Puffer
Abstract: This article focuses on networks, institutions, and corruption in Russia in three consecutive periods from 1917 to the present. The article provides background on the country and its culture while looking at three periods individually, and discusses how corruption coevolved with networks and institutions. The change in institutions and networks that occurs during political upheavals provides fertile ground for variations in the predominant type of corruption. We posit that there is much more to be learned by studying these three phenomena as a linked set of constructs beyond analysing them individually. Additionally, our review of these phenomena co-evolving throughout the past century provides a longitudinal perspective. This article seeks to shed light on these phenomena over three consecutive periods the Soviet era, the post-Soviet period, and the current Putin era, all of which have markedly different institutional arrangements. In addition to analysing the practices of blat and sviazi, we discuss the concept of sistema which developed during the Putin years, and which provides the current foundation for corruption.
Keywords: Russia; networks; institutions; corruption; blat; sviazi; sistema; Putin; Former Soviet Union; bribery.
Influence of human resource information systems and technology on firm performance: a qualitative comparative analysis
by Belén Ribeiro-Navarrete, Dolores Botella-Carrubi, María Rodríguez García
Abstract: The application of information systems and technologies is a very important challenge for all areas of the company, causing changes in their work processes. Today, the literature has not reached a consensus on the impact that the digitization of the human resources area has on the results of the company. Therefore, the qualitative fuzzy set comparative analysis (fsQCA) has been used in a study with a sample of 42 technology companies from the Valencian Community to identify the conditions that affect the firm performance as an outcome. Two traditional contingent factors (company ownership and the CEO's educational background) are considered, as is the use of information systems and technology for human resource management (HRM). The fsQCA reveals that investment in tools for human resource optimisation and obsolete device replacement positively affect firm performance. Absence of profit growth is linked to a lack of investment in human resource optimisation technology. The distribution of capital amongst different owners, regardless of the technologys current or former availability also hampers firm performance
Keywords: human resource management; business performance; information systems; company ownership; fuzzy-set qualitative comparative analysis.
Talent management and workforce productivity: the roles of turnover and strategic HRM
by Young Ko, Stephen Swailes
Abstract: This study explores how talent management increases workforce productivity by examining the mediating mechanism of employee retention and the facilitating contingency of the strategic function of human resource management (HRM). Drawing from the resource-based view, we provide a theoretical framework linking talent management, employee turnover, workforce productivity, and strategic HRM. Analysis of three-wave time-lagged data from 294 firms in South Korea and post-hoc analysis shows that talent management influences workforce productivity through turnover and that strategic HRM is a critical contingency for the relationship. Specifically, talent management decreases voluntary turnover, which in turn increases workforce productivity. In addition, the direct and indirect effects of talent management on workforce productivity are more substantial when HRM is integrated with firm strategy.
Keywords: talent management; workforce productivity; voluntary turnover; strategic human resource management.
That leader is hard to beat: why words matter in international qualitative research
by Timothy C. Dunne, Joshua Aaron, William McDowell, Raj Mahto, Jack Marr
Abstract: In our highly interconnected global economy, cultural heterogeneity across regions and countries has a significant impact on management practices in organisations. This has prompted researchers to design and assess studies involving multi-culture or multi-countries samples to either gain a deeper understanding of culture or establish generalisability of their findings. We believe that cultural heterogeneity may hinder a cross-culture study owing to deep inherent underlying differences in participants from different cultures. The impact of culture heterogeneity amplifies especially in qualitative studies, where participants are engaged in interviews. Thus, in this paper we investigate the differential effects of culture on the phenomenon of priming during qualitative interviews. Using a qualitative analysis of responses to open ended questions from a sample of US and Chinese managers, two languages with very different etymological, cultural, and historical roots, we find that US and Chinese managers conceptualise various business terminology somewhat differently, therefore suggesting a difference in how priming impacts qualitative research conducted across those two samples. Our findings have significant implications for researchers and practitioners seeking to engage in multicultural work environments.
Keywords: interview priming; cultural heterogeneity; qualitative research.
Agglomeration economies: are they relevant for innovation and export intensity?
by Enrique Claver, Bartolome Marco-Lajara, Encarnación Manresa-Marhuenda
Abstract: Our objective is to identify the effect of agglomeration on the export intensity of a company, taking into account the different types of agglomeration as well as the effect of certain internal characteristics, including innovation capacity, foreign-ownership, age and size, among others. Using data from a survey conducted in 2016 by the Technological Innovation Panel (PITEC), an analysis was performed with a sample of 1,596 firms. The results obtained indicate that each type of agglomeration economies has a different effect on export intensity, this influence being direct or indirect through innovation. Our empirical findings open an agenda for policy-makers when deciding how they should promote innovation, agglomeration and exports, because they show that agglomeration directly and indirectly affects intensity export.
Keywords: export intensity; agglomeration; innovation; domestic versus foreign.
The effects of cultural intelligence, psychological safety, and teamwork climate on conflict frequency in global virtual teams
by David Baker, Zandra Balbinot, Eric D. Cohen, Fred Omondi Newa, Vasyl Taras
Abstract: This research investigates culturally sensitive management strategies to improve global virtual team (GVT) performance. The purpose is to assess the relationships between four discriminate sub-dimensions of CQ, psychological safety, work climate, and frequency of conflict in GVTs. It tests whether cognitive, metacognitive, motivational, and/or behavioral CQ differently predict individual psychological safety, which will, in turn, affect GVT work climate and conflict frequency in multicultural GVTs. Importantly, the results of this research imply that cross-cultural awareness is often more important than any specific individual cultural knowledge (i.e., cognitive CQ). Findings identified the strong significance of motivational CQ and moderate significance of meta-cognitive cultural intelligence as antecedents to perceived psychological safety, positive work climate, and reduction of perceived frequency of conflict in global virtual teams. Results did not show significant effects for cognitive CQ and behavioral CQ.
Keywords: international culture; psychological safety; global virtual teams; team conflict; cultural intelligence; virtual teams.
Foundations of innovativeness in the international arena: Foreign language use and creative performance
by Noreen Geenen, Katrin Muehlfeld, Diemo Urbig
Abstract: Individuals' creativity is a key resource underlying an organisation's innovativeness. With workplaces becoming increasingly multilingual, a question of growing relevance concerns whether using a native versus a foreign language affects individuals' creativity. This study integrates research on foreign language in international business and on determinants of individual creativity with cognitive psychological research. Experiments suggest a detrimental effect of foreign versus native language use on creative performance, which is stronger in verbal tasks. Subjectively perceived foreign language proficiency appears to mitigate this negative effect. In tasks framed in figural terms, foreign language use even seems to stimulate creativity compared with a native language setting. This finding implies a potential lever for organisations seeking to stimulate employees' creativity to deliberately use a foreign language context to encourage thinking outside the box, particularly when using nonverbal creativity tools. Important implications arise for future research and practice in international management and creativity and innovation management.
Keywords: foreign language use; foreign language proficiency; foreign language anxiety; creativity; creative performance; divergent thinking; innovativeness.
International corporate governance: a science mapping approach
by Jaime Guerrero-Villegas, Leticia Pérez-Calero Sánchez, Mónica Santana Her, Mar Bornay-Barrachina
Abstract: Studies on International Corporate Governance (ICG) have attracted attention among researchers and managers. The aim of this study was to investigate the major themes and the evolution observed in the scientific production of the ICG discipline. The bibliometric software tool SciMAT was used to perform a conceptual science mapping analysis based on co-word bibliographic networks. This review examined 262 scientific articles listed on the Web of Science from the year 1974 to 2019. It was revealed that, in the field of ICG, themes and theories have significantly evolved. Thus, while, under Agency Theory, risk-taking was the predominant theme in the initial stages, recent research is rather focused on the importance of the human and social aspects of both the board and top management teams, under theories such as Upper Echelons and Dependence Theory. The results presented in this study will enable authors to identify new lines of research.
Keywords: international corporate governance; international business; corporate governance bibliometric review; science mapping.
Entrepreneurial identity: a chronological and thematic literature review and research agenda
by Ali Rostamian, Kamal Sakhdari, Armin Khaleghi
Abstract: Among the burgeoning and promising topics in entrepreneurship research, entrepreneurial identity is one of the most cutting-edge and fragile phenomena. The lack of an overview of current knowledge and missing links in past studies encouraged us to conduct a systematic literature review of existing studies on entrepreneurial identity. To this end, focusing on chronological and thematic configuration, we aim to develop an integrative view of extant research by thematising the major subjects in the literature. The interrelationships between themes and sub-themes have been explored and prospective avenues for future research have been underlined through an integrative critical investigation of what we know about EI in the extant literature. In addition, we discuss the inadequacy of the literature in addressing four issues: lacking theoretical resources, the necessity for cultural understanding in contextualizing studies, implications of emergent methodological approach and, finally, the importance of the social ontology of becoming.
Keywords: entrepreneurial identity; systematic literature review; identity theories; critical entrepreneurship studies.
Intellectual capital and entrepreneurial ecosystem: the mediating role of organisational innovation and entrepreneurial intentions
by Ata Al Shraah, Ayman Abu-Rumman, Hamzeh AlShaar
Abstract: This study aims to explore the impact of intellectual capital on entrepreneurial ecosystem in Chinese business environment. Also, it aims to explain the mediating role of organisational innovation and entrepreneurial intents within the relationship between intellectual capital and entrepreneurial ecosystem; and to determine the differences in the relationship due to this mediation. This research adopts a quantitative approach. The design of this study is cross-sectional. Data was collected online using a structured questionnaire. The convenience sampling was used. The sample size for this study was 634 managers and their assistants in the high and middle level of management. The statistical analysis using Partial Least Squares Sequential Equation Modelling (PLS-SEM) revealed that the entrepreneurial ecosystem, as well as organisational innovation and entrepreneurial intention, are predicted by intellectual capital. Also, organisational innovation and entrepreneurial intention, as mediators, strengthen and improve the impact of intellectual capital on entrepreneurial ecosystem. However, the impact of intellectual capital on entrepreneurial ecosystem was partially mediated by both mediators.
Keywords: intellectual capital; organisational innovation; entrepreneurial intention; entrepreneurship.
Generation X consumer attitudes, habits, and behaviors towards sustainability related to COVID-19. A systematic literature review
by George Lazaroiu, Octav Neguri??, Iulia Grecu, Gheorghe Grecu, Paula Cornelia Mitran
Abstract: Throughout December 2020 and March 2021, a quantitative literature review of the Web of Science, Scopus, and ProQuest databases was performed, with search terms including COVID-19 + sustainability + Generation X + consumer behavior, food, tourism, pollution, and fashion. The search terms were determined as the most employed words or phrases across the investigated literature. As research published between 2020 and 2021 was inspected, only 225 articles met the eligibility criteria. By removing controversial or unclear results (insufficient/inessential data), findings unsupported by replication, too general material, or with quite identical titles, 85, mainly empirical, sources were identified. Future research should thus investigate how COVID-19-related environmental sustainability and circular economy might lead to decreased air pollution and expanded awareness of climate change.
Keywords: generation X; sustainability; COVID-19; consumer; attitude; habit; behavior.
A global study on how the COVID-19 pandemic impacted sustainable consumer behaviour across the generations: a systematic approach to sustainable consumption
by Juraj Chebeň, Drahoslav Lančarič, Raphael Lissillour, Lukasz Tomczyk
Abstract: This paper explores three groups of antecedents of sustainable consumption (SC) and how different generations approached sustainable consumption during Covid-19. In this study, which includes 2202 respondents, the authors use Binary Logistic Regression to explain the behavioural change (the adoption of a more sustainable approach) during Covid-19. Analysis of variance and posthoc testing were used to fill the gap in generational theory by explaining the behavioural differences of diverse generations. The findings demonstrate that change adopters to a significant degree are Generation X females with an above average income, living with a partner in big cities. Education seems to have no significant effect. Worldwide comparison of three main SC dimensions of 5 generations according to gender, household type, education, income during crisis makes this study highly valuable. The lack of cross-cultural behavioural comparison is the main research limitation. Managers should prioritize financial responsiveness over other dimensions of SC.
Keywords: sustainable consumer behaviour; crisis; Covid-19; financial responsiveness; environmentally friendly behaviour; social influence; cross-generational; income; gender; global study.
A systematic literature review on outsourcing nearshoring practices on the information and communication technologies industry
by Jorge Guedes, Leandro Ferreira Pereira
Abstract: With growing attention from governments and investors across the globe, the Information and Communication Technology (ICT) market is experiencing considerable growth. Advanced delivery models enabled by Outsourcing Nearshore models are a fundamental element of this business volume, being currently a fundamental piece of methodologies and practices from most global players. The academic contributions on the field reflects the same enthusiasm, showing a growing interest from the community on the subject. This paper intends to provide further visibility on the academic literature on Outsourcing Nearshoring practices on ICT over the past 10 years and it can be described as having a practical focus, while providing a review on the research outcomes, with the goal of critically analysing occurrence on a clearly defined scope in a neutral representation with a coverage limited to a representative sample, with an historical and statistical organization, having general scholars as main target audience.
Keywords: outsourcing; nearshoring; offshoring; services; project management; digital transformation; delivery models.
Drivers of 5G Technology Acceptance-A Bayesian Approach
by Morteza Akbari, Marzieh Keshavarz, Azadeh Rezvani, Asieh Bakhtiar, Elmira Shahriari
Abstract: 5G, or the internet of the fifth generation, is the newest technology that will play a more significant role in our lives than previous generations. The internet of the fifth generation not only connects humans but also connects machines and objects to each other and controls them. This level of efficiency enhances the user's experience and helps understand a new level of technology. Nevertheless, the successful application of 5G technologies is fundamentally influenced by the extent to which users are encouraged to accept it. Therefore, this research intends to explore drivers of 5G technology adoption. A total of 518 students from Iran and the USA were surveyed via a multistage stratified random sampling. The Bayesian approach and structural equation modelling were used for data analyses. Results indicated that self-efficacy, subjective norms, compatibility, trust, and relative advantages significantly influenced the intention to accept 5G technology.
Keywords: 5G technology; technology acceptance; intention; Bayesian approach.
Total quality management-innovation: a meta-analysis approach
by Amir Honarpour, Hasan Hosseini, Ahmad Jusoh, Khalil Md Nor, Majid Maleki
Abstract: So far, the relationship between total quality management and innovation has been subjected to several studies The diverse findings of these studies and the need to acquire further insights into generalized TQM practices and innovation relationships necessitate a meta-analytical study to correct and combine the results across variety of researches To examine the link more closely, the relationship between individual TQM practices and various innovation measurements hypothesized In addition, the existence of moderating variables in the relationship is also considered Numerical investigation was done, with implementing the meta-analysis of correlations approach on 25 studies to describe the distribution of the actual correlation between the independent and dependent variables (leadership, customer focus, people management, process management, information and analysis, supplier management, process innovation and product innovation), and the presence of moderators Our results show that a considerable amount of variance in innovation can be accounted for by TQM and the most
Keywords: total quality management; innovation; meta-analysis.
Consequences of control and monitoring: are they always perceived as negative attention?
by Amalia Nilsson, Hammad Haq
Abstract: This study examines the consequences experienced by subsidiaries when they are faced with control and monitoring by the headquarter. Previous research has equated control and monitoring with negative attention, as they are generally perceived to be value subtracting (or negative attention) by the subsidiaries. In line with previous studies, our findings show that subsidiaries experience value subtraction in the form of hampered performance, increased administrative work, and delayed decision-making. However, we also find that subsidiaries can perceive control and monitoring to be value adding. This study contributes to the literature by suggesting that control and monitoring can be perceived as either negative or positive attention, depending on the structural position or weight of the subsidiaries. Namely, the subsidiaries with a central structural position in the organization tend to perceive control and monitoring as value adding, whereas peripheral subsidiaries view it as value subtracting.
Keywords: attention-based view; control and monitoring; negative attention; positive attention; value subtraction; value addition.
Do consumer's sensory cues' preferences in retail differ between neighbouring countries?
by Adnane Alaoui, Véronique Flambard
Abstract: Sensory marketing enables retailers to elevate consumers shopping experience. Key to their success, is whether they should adapt their retail strategy to the country where they operate or not. This research contributes to better inform international retail by investigating cross-country differences in consumers sensorial preferences. It extends the actual conceptual framework of experiential marketing by adding an international dimension to it. It also offers the first empirical evidence that preferences for sensory cues do differ in two neighbouring European countries, when controlling for socio-economic variables, based on econometric analyses. The analysis also uncovers why shoppers like or dislike a specific sensory cue. The results suggest that French retailers cannot duplicate in England, sensory tactics used in France, and vice-versa. This is the first study that contrasts consumers preference for in-store sensory cues across countries to better inform the merchandising strategies of international retailers.
Keywords: sensory marketing; sensorial cues; atmospherics; experiential marketing; international retail; shopping experience; multivariate probit.
Cohesion and performance in global virtual teams: the moderating role of technical skills
by Ernesto Tavoletti, Liviu Florea, Vasyl Taras, Faruk Sahin, Fatih Çetin, Duysal Askun
Abstract: This study assesses the extent to which cohesion affects performance in Global Virtual Teams (GVTs) and whether this effect depends on team members technical skills. Data are collected from X-Culture, a largescale experiential learning project involving business students dispersed globally and relying on virtual electronic communication tools to solve business problems presented by multinational companies. The total number of participants we use for this study is 3001 individuals working in 679 GVTs. Results indicate that team cohesion is positively and significantly related to team performance when team members skills are high, but is not significantly related to team performance when team members skills are low. Based on the empirical results, the influence of cohesion on team performance should be predicated on the team characteristics. This study suggests the existence of boundary conditions to the cohesion-performance relationship and proposes the use of the concept of expeditious cohesion in GVTs.
Keywords: global virtual teams; team cohesion; team performance; technical skills; X-Culture.
Have familiness values increased during Covid-19? A Czech family business case.
by Marie Mikuová, Václav Friedrich, Petra Horváthová, Vojt?ch Meier
Abstract: Familiness is made up of a number of items that are both visible and silent, intertwining and influencing each other. Familiness can be a great support to family businesses. However, its low value can threaten the business. The aim of the research is to determine whether the familiness in Czech family businesses have changed as a result of Covid-19, and thus highlight potential vulnerabilities. A questionnaire is based on the F-PEC model. Data from 900 respondents collected in 2019 and 2021 were statistically processed to test research questions and hypotheses. The basic outputs show that the pillars of Power and Experience grew stronger during the pandemic. Threats were identified in the Culture pillar where the results are alarming. The conclusion agrees with the generally proclaimed family together in times of crisis, but not in the less visible pillar of Culture.
Keywords: competitiveness; familiness; family business; F-PEC; Covid-19.
The attitude towards corruption in the EU under a gender perspective
by Andrea Cámara, Julieta Díez, Martyna Nowak, Elena Temiño
Abstract: The study analyses the possible relationship between the level of corruption in a country, the gender inequality and the number of women in decision-making positions within government and large companies' boards of directors. The study was carried out for 35 European countries over the period 2010-2020. Results confirm that greater inequality increases the level of corruption, while a greater presence of women in decision-making positions, especially in European societies with a stronger rule of law, increases the transparency levels in the country and reduces corruption. This study does not provide sufficient evidence of gender disparities in terms of attitudes towards corruption. However, it is possible to verify that a greater presence of women in decision-making positions enhances the country's overall gender equality and, ultimately, reduces corruption.
Keywords: corruption; corrupt behaviour; gender perspective; panel data; gender equality; women in parliament; women on direction boards; Gender Inequality Index; rule of law.
Work-life balance in the service sector: predicting organisational citizenship behaviour
by Friday Ogbu Edeh, Isaac Monday Ikpor
Abstract: This study empirically investigates the effect of work-life balance on organisational citizenship behaviour (OCB) in Nigerian service organizations, using border theory and social exchange theory, as theoretical framework. The population for the study comprises of ten selected four star hotels that are registered with Ebonyi State Ministry of Commerce and Tourism. Simple random sampling was employed to selected ten registered hotels from Ebonyi State Ministry of Commerce and Tourism. Questionnaire was used to collect data from the respondents while linear regression was used to analyse the hypotheses with IBM SPSS Statistics (20.0). Our results indicate that work-life balance are significant and positively affect organisational citizenship behaviour (OCB). The study concludes that work-life balance measured in terms of supervisor support; coworker support and flexible working period are important variables in predicting OCB in four star hotels in Nigeria. Even though this study used Nigeria data, countries with similar attributes can benefit immensely from the study. This paper is expected to contribute to organisational behaviour literature and provide additional evidence on how work life balance affects organizational citizenship behaviour in Nigeria.
Keywords: Work-life balance; coworker support; supervisor support; flexible work period; organisational citizenship behaviour.
Why do Chinese firms pay premiums in cross-border mergers and acquisitions? An institutional perspective
by Zhu Zhang, Marjorie Lyles, Wu Changqi
Abstract: This paper studies the role of the institutional environment in affecting the size of acquisition premiums. Based on cross-border M&A data of Chinese MNEs, we find a positive relationship between institutional distance and premium. The larger the institutional distance between home and host country, the larger the premium is paid for the target. Furthermore, in order to better understand the nature of the institutional environment, we study the distinctive characteristics of the institutional environment of the host country which is often referred to as the institutional quality. Our results contribute by showing that when the institutional quality of the host country is good, the premium is reduced. When the acquirer and target are in related industries, the effect of institutional distance on the acquisition premiums is mitigated. We also contribute to previous studies by finding that the acquirers cross-border M&A experience does not help as expected in reducing the premiums.
Keywords: acquisition premiums; cross-border M&A; institutional environment; EM MNEs; China.
Examining the bidirectional relationship between ESG practices and economic performance using country-of-origin as a moderating factor
by Ismail Sila
Abstract: This study analysed the bidirectional link between environmental, social, and governance (ESG) practices and economic performance (EP) across six countries (France, Germany, the UK, the USA, Australia, and China) using longitudinal data covering the period from 2010 to 2015. The findings showed that there is a two-way relationship between ESG practices and EP. However, a specific pattern did not emerge for Australian, German, and US firms. The effect of EP on ESG was more predominant in all years for French and UK data. However, the model used to test the effect of ESG on EP was a better fit for Chinese data. Country comparisons indicated that there were significant differences across the six countries. Even when the overall model fit was similar, there were differences at the practice or hypothesis level. In particular, France and the UK differed from the rest in terms of overall model fit.
Keywords: corporate social responsibility; ESG concept; economic performance; organisational theory; Cross-country comparison.
Impact of global value chain participation on rural migrant labourers' employment opportunities in urban areas in developing countries
by Bo Li, Muhammad Mohiuddin, Qingfeng Cao
Abstract: This study examines whether participation in global value chains (GVC) promotes domestic rural migrant labourers' employment in cities in the developing countries. This is accomplished using a regression model and data from Chinas Customs and internal Migrant population dynamics data to assess the impact of participation in GVCs on the urban employment of rural labour. The study finds that participation in the GVC significantly improves the employment probability of rural labour in cities. Additionally, the farther the destination city of rural migrant laborers, the smaller the positive effect of participation in GVCs on the probability of employment. Findings also show that the lower the skills of the rural labour force, the more significant the role of participation in the GVC in improving the probability of employment in cities. The robustness test endorses the results establishing that participation in GVCs improves low-skilled rural labourers' employment in cities in the developing countries.
Keywords: global value chain participation; rural migrant labour; employment; urban area.
Digitalisation, SMEs' performance and employee wellbeing in the era of Covid-19: digital leadership as a moderator.
by Hani El-Chaarani, Sam El Nemar, Demetris Vrontis, Badih Arnaout, Evangelia Siachou
Abstract: The Covid-19 pandemic has created an unparalleled social and economic calamity that has impacted organisational performance worldwide, accelerating both employers and employees to switch to digitalisation. Using the resource-based view (RBV) of the firm, this study aims at exploring the impact of digitalisation (both business and HRM) on performance of SMEs operating in local and international markets as well as on their employees' wellbeing. To this end, the role of digital leadership is proposed as a moderator in the above-mentioned relationships. The study supports that business digitalisation improves SMEs' performance during the Covid-19 pandemic period. Yet, digitalisation of HRM has negatively affected employees' wellbeing, although employees' wellbeing associates positively with SMEs' performance. The study outcomes also reveal the role of digital leadership as a facilitator to employees' wellbeing, provides implications for both theory and practice, and adds value to emerging research on SME digitalisation in the era of Covid-19.
Keywords: Covid-19; digital transformation; digital leadership; employee wellbeing.
Responding to the multi-faceted liabilities of origin for emerging market MNEs: a cognitive institutional entrepreneurship perspective
by Bo Yang, Pao Kao, Wensong Bai, Tingting Jiang
Abstract: Liabilities of origin (LORs) are a unique challenge for emerging market multinational enterprises (EMNEs) in internationalisation, especially in the advanced markets. In this study, we ask research questions: what types of stereotypes from the host country stakeholders may contribute to EMNEs and LORs, and how EMNEs change these stereotypes over time. We conduct a case study on Chinese telecom Huawei and examine its market entries in Europe and the US markets. Our findings show three types of country-of-origin stereotype: capability-, ethics-, and government and enterprise relationship-based stereotypes contribute to LORs. We also find that EMNEs adopt three cognitive institutional entrepreneurship strategies: differentiation, replacement, and complementation to address these stereotypes. Our study provides a more fine-grained understanding of the relationship between stereotypes and LORs, and provides a new perspective for EMNEs to mitigate multi-faceted LORs. We also contribute to institutional entrepreneurship research by discussing it at cognitive level.
Keywords: liabilities of origin; cognitive institutional entrepreneurship; country-of-origin stereotype; legitimacy; foreign direct investment; emerging market multinational enterprises; case study.
The relationship between belt and road initiative and Agenda 2030: a litmus test for global sustainability and regional cooperation
by Siming Yu, Susana Otero, Muhammad Safdar Sial, Ubaldo Comite, Laura Mariana Cismas
Abstract: Since the announcement of Chinas Belt and Road Initiative (BRI) in 2013, it has received significant attention worldwide owing to its potential as a model for sustainable development. Likewise, the inclination of BRI towards the United Nations Agenda 2030 for sustainable development has further increased the importance of BRI from a global perspective. China initiated the BRI project to attain economic gains, but over time, as the nexus between BRI and Agenda 2030 was built, it provided a different lens to rethink BRI as a litmus test for global sustainability and regional cooperation. Although a positive link between BRI and Agenda 2030 has been developed in the literature, the fundamental relation between BRI and Agenda 2030 was not understood explicitly, especially how these two developmental visions could be integrated. Against this backdrop, this paper attempts to develop a deep understanding of how BRI and Agenda 2030 intersect.
Keywords: Belt and Road Initiative; sustainable development; Agenda 2030; regional cooperation; One Belt One Road.
Connecting the customer to the supply chain: proposition of a conceptual framework
by Justine Marty, Blandine Ageron
Abstract: Customers are increasingly seeking to become actively involved in the way that products are designed, sourced, manufactured and distributed. Moreover, they are concerned about ethical and environmental issues to a much greater extent than before. As a result, it is imperative that companies find ways to effectively integrate their customers into supply chain management (SCM) processes. This study explores the options that exist for organisations to proactively connect their customers to their supply chains. In this article, the researchers conduct a systematic literature review of the methods used to integrate the customer into SCM processes according to company objectives. A descriptive analysis is carried out and categories and dimensions are identified in the selected articles in order to propose a comprehensive framework. This framework highlights the most appropriate methods for companies to better integrate their customers into their SC.
Keywords: supply chain management; customer engagement; integration methods; systematic literature review; sustainability.
A spatio-temporal analysis of human capital, economic and institutional quality as determinants of international formal entrepreneurship
by Wided Ragmoun
Abstract: The purpose of this study examines the spillover effects of macroeconomics, financial and the institutional variable for formal entrepreneurship in 98 developed countries during the period 2006-2018 and demystify the investigation of entrepreneurial choice in response to each determinants and its nature. Using a spatial Durbin panel model, the results show a significant level of externality in terms of formal entrepreneurship, which means that an increase in one countrys formal entrepreneurship rate leads to an increase in this rate in its nearest neighbours. The spillover effect exists and differs from one factor to another. Direct, indirect, and total effects were identified for each determinant (macroeconomic, financial, and institutional variables). The unemployment rate seems to have a direct and indirect nonlinear impact on formal entrepreneurship. Foreign direct investment and financial development exert a negative spillover effect on the formal entrepreneurship of local countries.
Keywords: formal entrepreneurship ; determinants; spillover effect; SDM model.
Dynamic non-market capabilities in developing countries: an exploratory study
by Yusaf Akbar, Eszter Fabriczki
Abstract: Business executives are increasingly confronted with a non-market environment characterised by high levels of uncertainty. While dynamic capabilities and uncertainty are examined in business strategy contexts, few non-market strategy studies explicitly refer to them as a means of responding to uncertainty. This study employs an exploratory, qualitative methodology in our paper that examines the role played by dynamic capabilities deployed by executives in the management of non-market strategy. Our study makes three contributions to the extant literature. It builds exploratory theoretical and empirical linkages between dynamic capabilities and non-market strategy. It examines antecedents of dynamic non-market capabilities, and it explores three specific dynamic capabilities in a non-market context: ambidexterity, absorptive capacity, and continuous morphing. Using in-depth interviews with senior executives from developed and developing countries and employing deductive content analysis, we find the utilisation of dynamic non-market capabilities is prevalent in two cases: (a) when a managers professional experience has been in a developing country or (b) their life experience was in a developed country.
Keywords: dynamic capabilities; non-market strategy; developing economies; uncertainty; qualitative; elite interviews; deductive content analysis; absorptive capacity; continuous morphing.
Foreign entry timing, time since first entry, and internationalisation speed of exporting SMEs: when does manager domestic experience matter?
by Sandeep Yadav
Abstract: This study explores the interrelatedness between the various temporal concept of internationalisation. Using organisational learning perspective, this study explores the impact of foreign entry timing and time since first foreign entry on the speed of subsequent internationalisation intensity or growth. The author tests the proposed hypotheses on a sample of 10295 exporting small and medium-sized enterprises (SMEs) from 100 countries based on World Bank Enterprise Survey (WBES) data. The results show that foreign entry timing reduces the speed of internationalisation while time since first foreign entry increases the speed of internationalisation. Further, the author finds that manager prior domestic industry experience reduce disadvantages associated with the late start of internationalisation and increase the speed of internationalisation. In contrast, the author finds support for the negative moderating effect of manager domestic industry experience on time since first foreign entry and internationalisation speed relationship.
Keywords: foreign entry timing; time since first foreign entry; time in internationalisation; speed of internationalisation; SMEs; organisational learning; manager experience; temporality; absorptive capacity.
Transformational leadership style and non-financial performance in a moderated mediation model: evidence from Southeast Asian countries
by MalikA.B.U. Afifa, Nha Nguyen Minh
Abstract: The current study aims to determine the impact of transformational leadership style (TLS) on non-financial performance (NFP). We also discover the mediating effect of corporate social responsibility (CSR) and organizational citizenship behaviour (OCB) in this context. Moreover, bad reputation is examined as a moderator variable on the nexus between both OCB and CSR with NFP. It provides empirical evidence from developing Southeast Asian countries (i.e., Vietnam, Malaysia and Singapore). Utilizing the partial least squares structural equation modelling (PLS-SEM), our findings elucidate that TLS has a substantial positive effect on NFP. Furthermore, OCB and CSR are positive mediators for the nexus between TLS and NFP. Our results investigate and answer the questions about the extent of the antecedent variables (i.e., TLS, OCB and CSR) impact on NFP of developing countries. Additionally, through PROCESS 4.0 analysis, bad reputation has negatively and positively moderating effect on the OCB-NFP and CSR-NFP nexus, respectively.
Keywords: non-financial performance; transformational leadership; organisational citizenship; corporate social responsibility; bad reputation; Southeast Asian countries.
Entrepreneurship, financial development and threshold effects on foreign listings
by Xiaochen Ding, Lu Sui
Abstract: This paper examines financing abroad from the joint perspectives of international financial development and entrepreneurship. At the micro-level, we show that start-ups in countries with better entrepreneurial opportunities increase demand for foreign listing. Types of entrepreneurship have varying effects on foreign listing between developed and developing countries. A macro dynamic panel to 37 countries from 2006 to 2018 leads to more liquid stock markets, and countries with higher private credit/GDP, having more foreign listing at middle thresholds of financial development. Under venture capital, however, positive effects on the foreign listing are only found for high levels of venture capital.
Keywords: entrepreneurship; foreign listing; financial development; threshold effects.
Does ICT adoption and trade affect human development? Evidence from the EU transition economies
by Rita Remeikiene, Ligita Gaspareniene, Aleksandra Fedajev, Vladimir Mihajlovic, Martynas Endrijaitis, Marek Szarucki
Abstract: Information and communication technology (ICT) has been researched primarily in terms of its contributions to a country's economic growth. ICT may enhance many areas of human life quality. According to the human development paradigm, the increase in income resulting from ICT usage and trade is only a resource helping people to meet their economic needs. This study investigates the impact of ICT adoption and trade on human development in 11 EU transition economies over the 2000-2019 period employing the panel FMOLS approach. The empirical analysis disclosed that the use of the Internet and the share of ICT goods import in total import have a significant positive impact on human development. In contrast, the link between the share of ICT goods export in total export and human development is not statistically significant. The interesting result of this research is that mobile usage has a statistically significant negative impact on human development.
Keywords: human development; ICT adoption; ICT trade; FMOLS approach; panel causality; EU transition economies.
Forty-nine years of sensory research literature: a review on its development, foundation and future research directions
by Tugra Nazli Akarsu, Reza Marvi, Pantea Foroudi
Abstract: The notion of sensory is complex and bounded with different disciplines. Even though the relationship between the senses and consumer marketing has been acknowledged, the conceptual foundation is fragmented and scattered; it has become more multifaceted due to the increased attention it and its related concepts have drawn, which makes an investigation of the concept essential. We evaluate the foundational structure of sensory research over four decades. Our findings revealed twelve research groups (i.e., spatial judgement) and six research clusters (i.e., transition from experience to sensory) embodied by sensory research, which can be considered to make up the integral structure of the sensory domain. We provide a comprehensive understanding of sensory research for those who wish to understand its intellectual structure and a future research model that identifies three important perspectives (methodological, micro and macro) for researchers hoping to provide insights into sensory research based on emerging sensory topics.
Keywords: sensory literature; bibliometrics; co-citation analysis; knowledge structure.
The role of digitalisation in firms' international value creation: an integrative conceptual framework and a research agenda
by Carlos Halpern, Laura Fernandez-Mendez
Abstract: The new digital revolution promises to impact the way firms operate internationally even more profoundly than previous technology innovations have. This article reviews the most relevant literature on the intersection between digital technologies and international business to identify possible avenues of value creation in both the international and digital dimensions. Firms can achieve Digital International Value Creation by developing digital resources and using them in international value-creation opportunities. We identify three different value-creation paths that we label: International Going Digital, Digital Going International, and Going International with Digital. Environmental factors and the attributes of firms moderate this value-creation model. We believe that our framework will help academics and practitioners to analyse the complex implications of digital technologies in a global context, both their opportunities and their risks.
Keywords: international business; digital revolution; information technology; multinational; MNE; global company; resources; value creation; framework; research agenda.
The moderating role of economic uncertainty via corruption on investment: evidence from European firm level
by Sagi Akron, Ender Demir, José María Díez-Esteban, Conrado Diego García-Gómez
Abstract: This paper uniquely examines the moderation effect of economic uncertainty via corruption's impact on the firm level investment. By using a sample of firms from 30 countries in Europe for the period 2011-2020, we first observe a direct negative effect of either economic uncertainty or corruption on firms capital expenditures. More importantly, we crucially find a positive moderation effect of uncertainty on corruption, amplifying corruption's impact on the corporate investment. The findings, robust to country, industry and time fixed-effects, shed important light on the East-Asian countries growth puzzle.
Keywords: uncertainty; corruption; moderation; corporate investment; world uncertainty index.
Logistics influence on FDI: 'hard' versus 'soft' infrastructure components
by Filip Bugarcic, Viktorija Skvarciany
Abstract: The goal is to consider the potential of logistics in attracting FDI and to examine the degree of influence of selected LPI and GCI components related to the quality of the logistics system on FDI inflow in the EU-28. The panel data regression was employed covering the period of 2007 to 2018 (the newest data is available from 2018). The article results point to the importance of logistics as a factor of FDI inflows, with the special importance of physical infrastructure, ports, and international shipments as a segment of logistics services. The results also indicate effects in individual countries and years. Research results can serve policymakers as an instrument to improve the investment environment. Also, decision-makers can gain insight into the key factors of logistics performance that have an impact on investment decisions in the EU.
Keywords: logistics; foreign direct investments; panel data analysis; 'hard' and 'soft' infrastructure.
Partners' diversity and joint venture termination: the effects of business unrelatedness, size imbalance, and country experience asymmetry
by Daniele Cerrato, Ilaria Galavotti
Abstract: The objective of this paper is to analyse the relationship between partners diversity and the likelihood of international joint venture termination. Building on bargaining power theory, we unbundle partners' diversity into the three facets of variety, balance, and disparity, captured by business unrelatedness, size imbalance, and experience asymmetry in the target country, respectively. From a methodological standpoint, we relied on a logistic regression and a survival analysis, carried out on 117 international joint ventures established by Italian firms in 38 countries in the period 2000-2018. Our findings indicate that the effect played by partners' diversity on termination does vary depending on the nature of diversity involved. Thus, the factors that typically motivate the establishment of an international joint venture may not necessarily support its continuation. Managers should pay attention to the evolution of international joint ventures, considering that a firm's bargaining position relative to the partner may change over time.
Keywords: joint venture termination; partners' diversity; business unrelatedness; size imbalance; country experience asymmetry.
Antecedents of next generation succession intention in family businesses: A cross-country
by Rodrigo Basco, Juan Manuel Gomez Gonzalez
Abstract: This study theoretically extends and empirically tests the theory of the planned behaviour model in the field of family business by focusing on the antecedents that affect the succession intention of the next generation of family business members (NextGen) in eight countries. Our results showed that the perception of subjective norms and family management self-efficacy are the key antecedents to increase the next generation's intention to join their family business. The exceptions arise in Colombia, Germany, and Spain, where successors' beliefs in their ability to manage non-family human resources reduce their intention to join their family business.
Keywords: family firms; NextGen; theory of planned behaviour; succession; succession intention; PLS-SEM.
A systematic review of hybrid strategy: MCDM on the basis of potential research direction
by Alhamzah Alnoor, Khaw Khai Wah, Samah Hatem Almaki, Aws Zaidan, B.B. Zaidan
Abstract: To provide valuable insights into technology environments and support researchers, we must understand the options and gaps available in this type of research. Thus, in this study, a literature review is conducted to map the research landscape into a coherent classification. We conduct a focused search for every article related to (1) Porter's strategies and (2) hybrid strategy in four major databases, namely, Web of Science, ScienceDirect, IEEE Explore and Scopus. These databases contain a range of publications focusing on hybrid strategy using Porter's strategies. The final set of data generated from the classification scheme includes 126 articles divided into three categories.
Keywords: hybrid strategy; differentiation; cost leadership; focus; pure strategy; generic strategy.
Export intensity, intellectual property and technology development as drivers for green innovation
by Mohammad Jamal Bataineh, Pedro Sánchez-Sellero
Abstract: This study investigates how export intensity, intellectual property and advanced technology affect green innovation activities in all sectors at Spanish firms. We perform an econometrics analysis using the PITEC database for panel data at the firm level and use a fixed-effect model to control for unobserved heterogeneity over time. The findings reveal that exports promote green innovation despite having no direct effect on firm practices related to improving health, safety and the environment. Furthermore, advanced technology and intellectual property rights have a positive and significant relationship with green innovation, and patents are preferable for improving green innovation activities. However, advanced technology plays the most significant role in promoting green innovation in exporting firms.
Keywords: green innovation; eco-innovation; export; intellectual property; patent; copyright; trademark; technology development; environmental regulation; R&D intensity; R&D cooperation.
The influence of trust and knowledge sharing on the relationship between diversity and virtual team effectiveness: an empirical study using PLS-SEM and necessary condition analysis
by Philip Kardell, Joshua Hoffmann, Till Meisner
Abstract: The purpose of this research was to analyse the influence of trust and knowledge-sharing on the relationship between diversity and team effectiveness. A sample of 364 respondents was gathered through an online survey inquiring about their latest experience with a virtual team. The methods employed were Partial Least Squares Structural Equation Modelling (PLS-SEM) and Necessary Condition Analysis (NCA). It was found that diversity has a significant negative effect on trust and knowledge-sharing and that the construct trust has a significant positive effect on performance and satisfaction. Knowledge-sharing has a significant positive effect on satisfaction. Moreover, trust and knowledge-sharing were identified as necessary conditions for achieving performance and satisfaction in virtual teams. Trust and knowledge-sharing are crucial from the beginning, especially in more diverse teams. Cooperation and joint problem solving as well as high-quality information sharing systems and routines may help to increase team effectiveness.
Keywords: virtual teams; diversity; trust; knowledge-sharing; team effectiveness; team performance; team satisfaction; structural equation modelling; necessary condition analysis.
Cultural and institutional determinants in international marketing channel adaptation: the case of Vichy Cosmetics in China
by Gangfeng Zhang
Abstract: The debate on whether the international marketing mix should be standardized or adapted to the host market has lasted for half a century. I applied a combined framework of the Vrontis model of influential factors in marketing standardisation/adaptation and the Jonsson-Foss replication-as-strategy framework to a case study of Vichy Cosmetics' market entry, expansion, and subsequent retail channel switch in China. The case shows that: 1) both peripheral and core elements of channels might need to be adapted to the institutional and cultural characteristics of the host market; 2) that a firm's motive to take advantage of being a first mover and the confidence in their experience decrease international marketers' awareness of the market differences that they observed, exposing the firm to additional risk; 3) that caution is required in deciding which cultural construct to include in assessing cultural distance. It must include a cultural construct closely related to the business model's core.
Keywords: cross-border marketing; Chinese institutions and culture; channel adaptation; Vichy Cosmetics.
CAGE distance and innovation performance in MNEs: the moderating role of CSR
by Luu Nguyen, Shouming Chen, Ziyu Chen
Abstract: Based on extant theories of the liability of foreignness (LOF) and the reverse knowledge spillover effect, this study examines the relationship between the innovation performance of multinational enterprises (MNEs) and CAGE distance, an aggregate indicator of cross-national differences which includes cultural, administrative, geographic, and economic distance. Using a sample of 202 wholly-owned foreign subsidiaries of Chinese MNEs operating in 26 host countries, we provide empirical evidence that CAGE distance between home and host countries impedes innovation productivity of the parent, and such effects could be weakened by the MNEs active engagement in corporate social responsibility practice. Our research contributes to the existing conversation of cross-national distances in the literature. Several managerial implications are also suggested for multinationals to mitigate the hindering effect of such distance when operating abroad, thereby strengthening knowledge sharing and technology transfer within the subsidiary-parent network.
Keywords: CAGE distance; liability of foreignness; reverse technology transfer; corporate social responsibility.
Entrepreneurial ecosystem and competitiveness in different regions: A fuzzy set qualitative comparative approach
by Ali Davari, Morteza Akbari, Vajihe Baghersad, Azadeh Rezvani
Abstract: The competitiveness of industries plays a crucial role in sustainable development and promotes economic growth in regions. For competitiveness, industries are engaged in entrepreneurial ecosystems. Knowledge of which mix of entrepreneurial ecosystem (EE) components influences competitiveness in established and developing regions is limited. This research explored the causal configurations of components of entrepreneurial ecosystems that enable the competitiveness of industries in developing and underdeveloped regions and compared them. This study ranked the industries with the Herfindahl-Hirschman Index and identified five non-monopoly industries. Data was collected from 432 companies in these non-monopoly industries. We used the Partial Least Squares (SmartPLS-SEM) for the test measure model and fuzzy-set qualitative comparative analysis (fsQCA) to explore the causal recipes of which combinations of EE dimensions affect competitiveness in each region.
Keywords: competitiveness; entrepreneurship; entrepreneurial ecosystem; fsQCA; policy.
Overcoming institutional voids in emerging markets: a contingency framework
by Kamal Sakhdari, Fatemeh Askari
Abstract: Emerging markets are identified by their inefficient and underdeveloped market-supporting institutions. Yet, these markets are considered as suitable factor and consumer markets for multinational companies. Despite the growing body of the literature, void-filling strategies are mainly considered universal and less is known about the boundary conditions of the strategies. In this vein, we sought to reveal the strategies that MNEs adopt to more effectively operate in the novel context of Iran. Having designed a qualitative exploratory research on 13 MNEs active in the market, we found that MNEs use relational, substitution, signalling, and borrowing strategies to decrease the negative effect of institutional voids in the context. More importantly, the effectiveness of these strategies is subject to the target market, entry mode, and type of voids. These findings provide a more nuanced understanding of using void-filling strategies in emerging markets for better international performance.
Keywords: institutional voids; emerging markets; void-filling strategies; MNEs; qualitative method.
Sustainability of reverse logistics as a source of firms' competitive advantage in South Africa
by Progress Hove-Sibanda, Kgalalelo Confidence Bereng, Paul Igwe
Abstract: Reverse logistics (RL) management has become synonymous with sustainable business practices. This study examines the key practices amongst small and medium enterprises (SMEs). Based on resource-based theory (RBT), it explores the major barriers, as well as the effect of RL practices on SMEs' competitive advantage. The study applied a quantitative approach through questionnaires administered to 80 SMEs managers and owners in South Africa. It found that the adoption and implementation of waste management, remanufacturing and repackaging practices has a strongly positive and highly significant influence on SMEs' competitive advantage. Also, it identified waste management (recycle, reuse and landfill), remanufacturing and repackaging as the three broad RL practices among SMEs. The findings reveal that cost of adopting RL practices and lack of awareness of available resources and supports as the major barriers.
Keywords: reverse logistics; small and medium enterprises; resource-based theory; competitive advantage; sustainability.
Institutions and international entrepreneurship: the role of regulatory, normative and cognitive congruence
by Bruno Brandão Fischer, Celia Torrecillas, Michelle Olivero-Tallaj, Maribel Guerrero
Abstract: In this article, we address the impacts of institutions (regulatory, normative and cognitive) on the country-aggregate propensity to engage in export-oriented entrepreneurship. Using a panel-data of 88 countries from 2006 to 2017, we estimated the direct and moderate effects of institutions on international entrepreneurship. Although a positive institutional environment effect on international entrepreneurial activity has been observed, the nature of this effect is not consistent across models and is especially concentrated in developed economies. These findings provide insights into the complexity of institutional conditions and their impacts on export- oriented entrepreneurship. Through a multidimensional approach, our research offers novel evidence in the context of entrepreneurial internationalisation by analysing the institutional congruence hypothesis in the context of international entrepreneurship as an outcome. Indeed, we observed the lack of association between some institutional conditions and export-oriented entrepreneurship in developing economies. Key implications emerged regarding how to improve regulatory, cognitive and normative conditions in business environments by considering the notion of institutional alignment (a central issue in integrating global value chains).
Keywords: entrepreneurship; internationalisation; institutions; export-oriented entrepreneurship; GEM.
Development of youth anti-corruption potential in the European Union
by Rita Toleikiene, Vita Jukneviciene, Sigitas Balciunas, Nora Leach
Abstract: This paper analyses the dynamics of youth anti-corruption potential in the European Union (EU) member-states for the period 2013-2019. Youth anti-corruption potential is evaluated, based on three main dimensions: perception of corruption, attitudes towards the phenomenon, and behaviour resisting the malpractice. The study relies on secondary statistical data from the Special Eurobarometer on Corruption (EU-28). The perception is evaluated, based on youth opinion of the prevalence of corruption in the EU countries and experience related to the phenomenon. The attitudes are examined, based on the level of youth intolerance towards the malpractice. The behaviour is analysed, based on the readiness for social action, related to reporting instances of corruption. The results of the comparative analysis demonstrate variations in terms of youth anti-corruption potential amongst clusters of EU states.
Keywords: anti-corruption potential; youth corruption perception; youth attitude; anti-corruption behaviour; intolerance towards corruption; reporting; European Union.
Relevant factors affecting nascent entrepreneurial activity in Chile and Spain: An analysis of the impact of Covid-19
by Marcelo Leporati, Alfonso Jesús Torres Marin, Ana Fernández Laviada, Maribel Guerrero
Abstract: The goal of this research is to identify the internal and external factors that influence nascent entrepreneurial activity in Chile and Spain, with emphasis on the impact caused by the economic crisis originated by the COVID-19. We also analyse whether this crisis affected senior entrepreneurship. We used two samples of 16,436 and 27,065 individuals from Chile and Spain, respectively, in 2019-2020, obtained from Global Entrepreneurship Monitors APS which allows us to know what happened during the first moments of the pandemic. A logistic regression model was performed, establishing a causal relationship between the factors and the rate of nascent entrepreneurs. This research shows that this economic crisis negatively affected nascent entrepreneurial activity in both countries. However, nascent senior entrepreneurs have not been affected in Chile, while in Spain their activity increased. Our results may help governments to better understand the factors that influence nascent entrepreneurs and the impact of the economic crisis on them.
Keywords: entrepreneurship; nascent entrepreneurs; Covid-19; economic crisis; senior entrepreneurship.
The role of macro-indicators in crowdfunding success: empirical evidence from Latin America
by Javier Ramos, Antonella Cicchiello, Maria Messina
Abstract: This study aims to shed light on crowdfunding success in Latin-American economies. By using fsQCA methods, it explores the shared causal conditions explaining the highest and lowest amount of money raised via crowdfunding as a result of the combined effects of macro-indicators. Although the literature on the determinants of crowdfunding success is abundant, most studies focus on micro-variables. Evidence on macro-variables such as wealth, the development of the digital society, the ease of doing business or the degree of comparative competitiveness of each economy has not been sufficiently analysed. Our results suggest different patterns of success in crowdfunding between wealthier and less prosperous economies and a threefold way of success - the Chilean, the Mexican and the Brazilian - that allow us to understand similarities with other economies following similar patterns of success.
Keywords: crowdfunding success; macro-indicators; Latin America; QCA fuzzy-set analysis.
Two decades of foreign direct investment in Africa: a systematic literature review, integrative framework, and agenda for future research
by Abdul-Kadir Ameyaw, Andrei Panibratov
Abstract: Despite the increase in research efforts on foreign direct investment (FDI) in international business, the literature on FDI in Africa suffers from disintegration, theoretical boundaries, and empirical vagueness. The purpose of this article is to reveal how much work has been done, what knowledge has been obtained, and what directions need to be taken for future FDI in Africa research. We conduct a systematic literature review of pertinent theoretical and empirical studies encompassing 105 articles from reputable management and economics journals. Our study contributes to this body of scholarship by identifying and discussing prior research, agglomerating them into themes, providing a structured debate about what is already known, as well as offering an explanation on why and how Africa is a distinctive context, different from other emerging markets. We further develop an integrative framework that provides extensive knowledge of contemporary and promising avenues for future research.
Keywords: foreign direct investment; Africa; emerging markets; integrative framework; systematic review.
How does political uncertainty affect Chinese corporate M&A abroad? Evidence from the BRI scenario
by Zhiwei He, Yingbo Xu, Hongwei Ruan
Abstract: Not only does political risk in the host country affect MNEs (multinational enterprises) overseas M&A, but political risk in the home country cannot be ignored either. We examine the impact of political uncertainty represented by the turnover of officials in home and host countries on overseas M&A by Chinese listed companies from 2007 to 2018 in the context of the Belt and Road Initiative (BRI). We find that the BRI significantly facilitates Chinese firms overseas M&A, and this positive effect is reinforced by the political uncertainty caused by the turnover of local officials in China and mitigated by the political uncertainty caused by the turnover of leaders in the host country. Our findings provide solid evidence that political agent turnover affects firms overseas investment activities, thus revealing the positive effects of the BRI.
Keywords: M&A; Belt and Road Initiative; political uncertainty; officer turnover.
Empirical measurement of Hall's communication styles theory: a new marketing segmentation scale
by Enav Friedmann, Tiziano Vescovi, Merav Weiss-Sidi
Abstract: Halls theory of low- and high-context cultures is particularly applicable to marketing since it emphasizes communication style. Several researchers have proposed incomplete measurements of his theories, basing their scales mostly on student samples, omitting international comparisons, failing to translate the surveys into the original language, or framing the questions from a Western perspective. This article discusses the construction of a more reliable and accurate scale that measures two of Halls fundamental dimensions: contextual reasoning and social relations. In four studies (n = 1285), we gained empirical support for Halls theoretical framework. The scale was reliable and valid, as it predicted group membership to Chinese, Israeli, and American nationalities, confirming Halls cultural continuum. People who scored higher on the scale preferred the product featured in the commercial emphasizing social utility more than those who scored lower on the scale, further demonstrating the scales usefulness in predicting consumer choice for socially relevant message content. Future studies can use the new low - high-context (LC-HC) scale as a cultural segmentation tool for designing efficient marketing strategies.
Keywords: cross-cultural management; scale; low-high cultural contexts; international marketing; segmentation; China; Israel; USA.
International standard-setting alliance and its possible negative effect on consumers' technology acceptance and technology progress
by Wei Li, Xuemei Wang
Abstract: Based on the Theory of Consumer Choice and the research method of game modelling, this paper discusses one potential outcome generated by the international standard-setting alliance. We obtain the following conclusions. First, it is shown that (international) industrial standard-setting alliance is indeed true of potential power to restrain subsequent competing technologies including superior technology, and such crowding-out effect is positively impacted by the market power (measured by alliance size) of the standard-setting alliance. Second, as optional tactics, to increase the compatibility between subsequent technology and incumbent technology, or to increase the utility of subsequent technology are helpful to correct consumers choice and diminish the crowding-out effect of standard-setting alliance on subsequent competing superior technology. Third, the size and market power of standard-setting alliance needs to be properly monitored and controlled, so as to mitigate its improper intervention on consumers technology choice and its negative influence on technology innovation and progress.
Keywords: standard-setting alliance; technology standard; technology innovation; Hotelling model.
Co-worker relationship quality: the role of commitment and trust in China
by Sven Horak, Andreas Klein, Henning Ahlf, Bindu Arya, Shiming Xia
Abstract: We use social exchange theory to investigate how interpersonal factors such as trust and commitment influence co-worker relationship quality among a group of 346 Chinese white-collar employees. Our findings suggest that co-worker commitment positively influences co-worker relationship quality. Contrary to our expectations, there is no indication that co-worker trust directly affects co-worker relationship quality. Our findings suggest that commitment, rather than trust, plays a dominant role in co-worker relationship quality in the workplace in China. Further, stronger affective relationships between co-workers have a positive influence on trust and communication. We suggest that co-worker commitment is the central construct contributing to better co-worker relationships, triggered by affective ties, trust, and interpersonal communication. Our study seeks to contribute to the further development of social exchange theory by drawing attention to the social exchange context. To explore the role exchange context plays on co-worker relationships, we recommend future research be designed to enable cross-cultural exploration.
Keywords: social exchange theory; co-worker relationship quality; trust; affective ties; commitment; interpersonal communication; Guanxi; China.
'Some like it hot': the role of identity, website, co-creation behaviour on identification and love
by Pantea Foroudi, Reza Marvi
Abstract: This study uses the social identity and perceived value perspective to fill a gap in tourism studies regarding the effect of Airbnb identity, website, and travellers' engagement in value co-creation with Airbnb. The research addresses three questions: (1) What are the main factors influencing Airbnb brand love? (2) what are the key factors that influence co-creation behaviour favourability in Airbnb? and (3) what are the key consequences of co-creation behaviour in Airbnb? This research employs complexity theory, which integrates the principle of equifinality. To examine the data, this research employs structural equation modelling and fuzzy set qualitative comparative. The favourability of an identification and love are reflected by the extent to which travellers and users positively regard the Airbnb website. Findings reveal the significance of the co-creation behaviour in enhancing the service attractiveness and perceived value. Important implications for tourism managers and researchers are highlighted.
Keywords: identity; website; co-creation behaviour; service attractiveness; experience; perceived value; identification; love; sharing economy.
Spillover effects in the banking sector of emerging economies: a South Africa case study
by Alex Pietrus, Alireza Nazarian, Z. D. Javad Izadi
Abstract: This article aims to identify the presence of knowledge transfer and spillover effects and investigate the mechanism in which they materialise through efficiency and performance gained resulting from two foreign banks majority and minority ownership in the South African (SA) banking sector. To achieve these objectives, performance and efficiency indicators of ABSA and the Standard Bank are collected and computed using the t-statistics model. The findings suggest that not only these two banks became more efficient after foreign participation in their ownership structure, but also the level of knowledge transfer depends on the type of ownership.
Keywords: knowledge transfer; spillover effects; domestic and foreign banks; financial sector development.
Praise of intra-organisational social capital and knowledge-sharing behaviours in MNCs: understanding the human resource development mechanism role
by Saheb Imani, Pantea Foroudi, Reza Marvi
Abstract: Reviewing the literature suggests that there are four key research gaps associated with internal marketing practices, human resource development (HRD), social capital and knowledge sharing including: (i) lack of studies on how internal marketing capacities can shape the structure of social capital within a multinational organisation (MNC); (ii) lack of studies on how HRD mechanism, intra-organisational social capital and knowledge-sharing behaviours provide a critical link (mediation role) between internal marketing practices and multinational organisation outcomes. In addition, this manuscript emphasizes (iii) lack of studies on the importance of internal marketing practices for proposing an integrative and complete framework for explaining and predicting organisational outcomes; (iv) and the importance of internal marketing as moderating factors between HRD mechanism, social capital and knowledge sharing.
Keywords: internal marketing; intra-organisational social capital; knowledge-sharing behaviours; human resource development; moderated-mediation; paternalistic leadership; servant leadership.
Status anxiety and executive decision making: Financial implications of reactions to unethical behaviour
by Justin Davis, Andrew Fodor, Robert Perkins, William C. McDowell, John Batchelor
Abstract: This study provides a unique perspective on the forces at play in decision-making at the top level of organisations. This study extends research in the area of organisational decision-making by examining managerial goal conflict when confronted with status anxiety. We also examine the multi-level effects of status anxiety by examining the attitudes and reactions of investors in such situations. Using market options volatility of Arthur Anderson clients throughout its quick collapse, we analyse the severing of partnerships and the investor anxiety and company performance that accompanied these decisions. Our findings suggest senior executive compensation is a driver for decision-making in situations of high-status anxiety. In addition, investors are not influenced by these status concerns either before or after the decision to discontinue an exchange partner relationship. This finding highlights the importance of continued research in the area of customer and investor behaviour as it relates to corporate social responsibility.
Keywords: status anxiety; investor fear; market volatility; agency theory; uncertainty; implied volatility.
Determinants influencing international relocation of production: evidence from Taiwanese firms investing in China
by Hsiang-Hsi Liu, Jing-Yun Shen
Abstract: The main purpose of this study is to examine the determinants of the international relocation of production of Taiwanese firms investing in China over the past decade. Our criteria for considering Taiwanese firms is that they have experienced international relocation of production to other countries (outside China), and have the highest proportion of investment in China in their respective industries. Using the panel logit model, the results show that international experience, comparative economic-openness and comparative political-stability have a positive impact on the international relocation of production, while company size, age, profitability, corporate governance, comparative labour costs, comparative corporate tax rates, and geographic-cultural distance have negative effects. Basically, for Taiwanese companies investing in China, the country-categorical factors that affect the international relocation of production have a higher impact than the firm-categorical factors. It is hoped that our empirical results can provide guidance for business managers and government agencies to implement appropriate relocation strategies and decisions.
Keywords: international relocation of production; Taiwanese firms investing in China; panel logit model; random effects; generalised least squares.
Slowing down to speed up decision-making styles and international marketing agility
by Yoel Asseraf, Gnizy Itzhak
Abstract: TThe global crisis has made it clear that international marketing agility (IMA) the ability to respond fast to market shifts is crucial. Unfortunately, the international business literature addressing IMA is scant and provides little quantitative research. Specifically, the impacts of comprehensiveness and spontaneity decision-making styles on IMA are unclear. Consequently, this study draws on the dynamic capabilities, strategic choice, and ambidexterity theories to develop a model and test it quantitatively based on data from 187 Israeli managers. Data were analysed using partial least squares-structural equation modelling and the prediction algorithm PLSpredict. The study confirms that IMA is an important driver of new products performance. Surprisingly, whereas both comprehensiveness and spontaneity drive IMA, comprehensiveness is more vital in an international context. To enhance international performance, managers are advised to slow down to speed up as it will allow them to respond faster and achieve superior new products performance.
Keywords: decision-making; comprehensiveness; spontaneity; agility; NPD performance.
by Shuwei Jiang, Annika Tidström
Abstract: In order for international joint ventures (IJVs) to succeed, it is essential to manage the challenges related to internationalisation. IJVs can be seen as cooperative, however, there is often a simultaneous cooperative and competitive, i.e. coopetitive relationship between the companies involved. There is scarce research related to how coopetition can facilitate internationalisation, although coopetitive business relationships have been shown to increase value and performance of firms. This paper aims to explore how coopetitive IJVs can be used to manage challenges related to internationalisation into China. The empirical part is based on illustrative qualitative case study research including five cases of coopetitive IJVs in the automotive industry. The study sheds new light on the connectedness of IJVs and coopetition. Our findings show that through coopetitive IJVs, internationalisation challenges are managed by exchanging complementary and homogeneous resources. Moreover, our findings indicate the value of a dynamic and gradually developing competition between firms.
Keywords: Internationalisation; IJV; Coopetition; Chinese market; Automotive industry; SME.
Is guanxi prevalent across China? Evidence from seventeen provinces
by Ron Berger, Bradley R. Barnes, Matti Rachamim, Avi Silbiger
Abstract: Despite increased discourse on guanxi, studies surrounding its relevance across different regions of China have not been undertaken. Whilst guanxi may enable individuals to improve their business, avoid taxes and acquire resources, some have argued that its significance is declining as markets become more commercially developed. This school of thought considers guanxi as an outdated model that promotes corruption, detracts business from the free-market and plays a limited role today. This study seeks to examine the pivotal role or absence of guanxi across seventeen provinces to determine whether or not guanxi holds and still exists in modern day China.
Keywords: China; ganqing; guanxi; GRX; renqing; xinren.
Does green HRM really matter in higher educational institutions? The role of green engagement and green behaviours
by Qasim Ali Nisar, Qazi Muhammad Ali, Arab Ul Mateen, Abdul Khaliq, Shahbaz Haider
Abstract: The study aimed to examine the role of green human resource management (GHRM) in the environmental performance of higher educational institutes (HEIs). Besides, this study also focused on the mediating effect of green engagement and green behaviour in addition to the moderating role of green creativity. Data were collected from 208 individuals (senior, middle, and top management employees) working in HEIs using convenience sampling. The data were subjected to partial least square-structural equation modelling (PLS-SEM) analysis. The study provides insights regarding how GHRM practices influence environmental performance by considering psychological and behavioural mechanisms. The findings also explain the moderating influence of green creativity on the relationship between green engagement and green behaviours. Overall, the findings indicate that GHRM practices are one of the significant determinants of increasing environmental performance in HEIs.
Keywords: green human resource management; environmental performance; green engagement; green behaviour; green creativity.
Using digital technology to approach internationalisation: a capability threshold perspective
by Cizhi Wang, Zhongjuan Sun, Jialin Feng, Hejun FAN
Abstract: Manufacturing firms undertaking international business have widely applied digital technologies but to differing extents. Referring the current state of digital transformation in the Chinese manufacturing industry, greater digital transformation is necessary when approaching internationalisation, but it may trigger subsequent resource redeployment to merge digital technology and other, non-digital, firm resources. Therefore, we adopt the strategic flexibility theory to explore the importance of resource redeployment and examine the buffer effect of unabsorbed slack resources when upgrading the resource base with digital technology. Using a sample of 537 manufacturing firms in China, this study found the existence of a strategic flexibility threshold in the relationship between digital technology and internationalisation. Moreover, when a firms strategic flexibility exceeds this threshold, unabsorbed slack resources positively moderate the relationship between digital technology and internationalisation. However, absorbed slack resources negatively moderate the relationship between digital technology and internationalisation.
Keywords: digital technology; internationalisation; resource-based view; capability-based view; strategic flexibility; slack resources; threshold effect.
Gender board diversity: the effect on pollution targeting
by Ofra Bazel-Shoham, Nina Jorien Van Vulpen
Abstract: One of a corporate board's main tasks is establishing the corporation's targets implemented by the executive suite. We theoretically and empirically support that gender board diversity positively impacts the corporation's probability of emission reduction (ER) targets. Using a large international sample of 10,856 matched company-year observations from 2007 to 2018 for 1,841 companies in 34 different countries, we find that women on the board of directors positively influence ER policies and ER objectives. Our research makes a number of contributions to the literature on gender board diversity and environmentally friendly corporations.
Keywords: board gender diversity; emission reduction policy; emission reduction objective.
Liability of foreignness and liability of outsidership: understanding blockchain through Uppsala lens
by Bernardo Silva-Rêgo, Stephanie Moura, Yueling Sima
Abstract: This paper discusses how the blockchain governance model can add a new perspective to the International Business literature and shape the liability of outsidership (LOO) and liability of foreignness (LOF). Based on Uppsala tenets, we develop a conceptual model based on four propositions to show how the LOO and LOF can be less of an impeditive in a blockchain environment. The decentralised coordination allows a more symmetric distribution of information, hence lessening the power struggle, enhancing commitment, and reducing the time consumption of trust-based transactions. This paper contributes to the literature by (a) introducing a nuanced discussion about technology in international business, presenting blockchain governance as a hybrid of networks and contracts; and (b) discussing how blockchain governance mechanisms can moderate LOO and LOF impact on the firms legitimacy.
Keywords: network governance; liability of Foreignness; liability of outsidership; blockchain; trust; legitimacy.
The international multi-layer network spanning the innovation space: lessons from a cooperative case
by Martina Pieperhoff, Dietmar Rössl
Abstract: Capturing an interconnected international industry benefits from having access to a highly diversified network. In such a context, we investigated processes of innovation occurring within a network of heterogeneous members of a cooperative, a type of organisation owned by its members, who demand support from the cooperative and are involved in its decision-making processes. Because networks of cooperatives comprise actors on different levels who together form a multilayer network further enriched by the member structure of cooperatives, such a network should enable cooperatives to realise potential developments in their interconnected international industry. Applying the Gioia method, we examined innovation processes in one such organisation with a multilayer network
Keywords: international industry; network; innovation; cooperative; Gioia method.
Hybrid-within-hybrid: governance issues within international airline alliances
by Claude Ménard, Gezia Damergy
Abstract: Strategic alliances dominate the airline industry, with three ventures carrying the vast majority of passengers worldwide. The amplitude of this phenomenon has generated an abundant literature, mostly focused on why the industry endorsed this hybrid solution and, to a lesser degree, how it is governed. However, little attention has been paid to a more recent form in which a subset of firms implemented a specific alliance within the broader alliance, creating a hybrid within the hybrid. This article explores the institutional conditions of emergence of such arrangements and the modalities of governance securing their resilience. It does so through a careful examination of the pioneering agreement between Air France-KLM and Delta Air Lines (recently extended to Virgin). The analysis shows how this hybrid-within-hybrid relies on the adaptation of the rules of the game by intermediate (meso-) institutions and a relational contract providing partners a flexible managerial governance.
Keywords: organisations; institutions; airline industry; strategic alliances; hybrids; governance; contracts; committees; transaction costs; metal neutral.
Brace for impact: How strategic knowledge management determines innovation impact in MNE subsidiaries
by Sven Dahms, Sladjana Cabrilo, Suthikorn Kingkaew
Abstract: We investigate how strategic knowledge management generates high impact innovation configurations in MNE subsidiaries. A questionnaire survey was conducted among managing directors of foreign-owned subsidiaries in Singapore and Thailand. The data was analysed using fuzzy set qualitative comparative analysis techniques. We find that strategic knowledge management is a key condition for generating high impact innovations, but does require complementary conditions to do so, including inter- and intra-organizational networks along with national and subnational host country characteristics. For instance, while strategic knowledge management drives high impact innovations in subsidiaries located at a larger knowledge distance, there appears to be a trade-off between the complementarity of intra- and inter-organizational networks. Our study highlights that configurations can contribute to our theoretical and practical understanding of the role strategic knowledge management plays in the generation of impactful innovations at the subsidiary level.
Keywords: strategic knowledge management; networks; MNE; innovation; fsQCA.
Entrepreneurial orientation and opportunities recognition on foreign markets: empirical evidence from Central Europe
by Krzysztof Wach, Agnieszka G?odowska, Marek Maciejewski
Abstract: The article aims at exploring the links of opportunity recognition, opportunity creation and accidental discovery on foreign markets with entrepreneurial orientation (EO) and its three dimensions in the international context. The article takes an opportunity-based view toward internationalization. Apart from the literature review and its critics, the quantitative design is applied by using a CATI survey. It is based on a sample of 355 internationalized businesses from Poland. Simple and multivariate regressions were used to verify the assumed hypotheses. Based on the research sample of investigated firms, entrepreneurial orientation does influence positively recognition and creation of international opportunities. The higher the EO is, the higher the recognizing opportunities and creating opportunities are. EO has a positive impact on both recognizing opportunities and creating opportunities in international markets. On the other hand, the results are non-conclusive whether entrepreneurial orientation does or does not influence accidental opportunities discovery.
Keywords: international entrepreneurship; international business; opportunities; opportunity creation; opportunity recognition; opportunity discovery; entrepreneurial orientation; Poland; Central Europe.
Expected levels of sectoral economic integration: Implications of the BRI project for resource-rich countries
by Irina Heim, Natalia Ribberink, Maria Richert, Yelena Kalyuzhnova
Abstract: This study investigates the expected levels of sectoral economic integration resulting from the Belt and Road Initiative (BRI) in two emerging resource-rich host countries (Kazakhstan and Russia). It also investigates the expected levels of integration in two advanced resource-rich countries (Australia and Canada) and two technology-rich countries (Germany and China). This study explores factors that may affect the design of the policies that the governments of these countries used to implement to restrict or support investments in critical industries, including infrastructure and digital technologies. It adopts a qualitative research design based on 30 interviews and secondary data sources from six countries. We suggest that BRI-driven foreign direct investment (FDI) in critical industries may result in economic integration at the industry level. Through economic integration based on the internationalization of Chinese companies, resource-rich countries can develop new industries and therefore diversify their economies.
Keywords: economic integration; Belt and Road Initiative; resource-rich countries; digital technologies; infrastructure.
Network effects in international entrepreneurship: a meta-analytic review
by Jiawen Chen, Linlin Liu
Abstract: Despite the recognized importance of the network effects of international entrepreneurship, they are not yet clearly and conclusively understood. We elucidate this issue by conducting a meta-analysis of 51 primary studies. Our findings show that social network ties and business network ties are both positively associated with the entrepreneurial internationalization process in terms of international speed, scale, and scope, as well as with the international performance of new ventures. More importantly, social network ties and business network ties function complementarily in promoting the entrepreneurial internationalization process and enhancing international performance. We conclude by discussing the theoretical implications of our findings and promising directions for future research.
Keywords: entrepreneurial network; entrepreneurial internationalization; international performance; network pluralism.
Investment decisions and family CEOs
by Isabel-María García-Sánchez, Jennifer Martinez-Ferrero, Emma García-Meca
Abstract: This study explores how family ownership and family chief executive officers (CEO) affect investment decisions. We analyse figures from 940 international firms from 2008 to 2015 and by controlling the endogeneity problem, the paper finds that family control acts as a monitoring tool that enhances investment, bringing it to an optimal level. We also show that a family CEO with blood ties improves investment decisions in a family firm. This study also confirms the positive effect of managerial ability on investments decisions in family firms, and supports the moderating role of family CEOs in achieving optimal investment decisions under able managers. The results provide a valuable refinement to family-firm literature by analysing the role of family CEOs in moderating the influence of able managers. As far as we know, this is the first paper that addresses investment decisions, managerial ability and family CEOs in family firms.
Keywords: family firm; investment; CEO; managerial ability.
The impact of internal marketing on knowledge sharing capability
by Pantea Foroudi, Reza Marvi, Saheb Imani
Abstract: Despite the growing interest of policymakers and scholars to better understand the impact of internal marketing capabilities on social capital and knowledge sharing capability, little is known about how the specific antecedents of knowledge sharing capability can explain variations in performance from a migrant science, technology, engineering and mathematics professionals (STEM) perception. What are the influences of trust and absorptive capacity in the relationships between internal marketing capabilities, social capital, and entrepreneurial orientation with knowledge sharing capability in MNCs? The study is based on a sample of 438 migrant STEM-professionals among MNCs from multi-industries such as higher education, engineering, telecoms, technology and information systems, automotive, chemical and pharmaceutical industries, and provides evidence of a significant gap. This paper shows that growing immigrant diversity and internal marketing capabilities impact on entrepreneurial orientation and social capital. Entrepreneurial orientation and social capital influence the knowledge sharing capability.
Keywords: internal marketing capabilities; entrepreneurial orientation; social capital; knowledge sharing capability; STEM-professionals; MNCs.
A bibliometric review of innovation networks: 30 years of study
by Haniye Rezaei, Morteza Akbari, Asef Karimi, Pantea Foroudi
Abstract: Innovation networks as the key predictor of firms success have received substantial attention from both academics and practitioners in recent years. However, despite increasing attention being paid to innovation networks and their role in enhancing the performance of new products/services, there is a lack of consensus regarding the key antecedents and consequences of innovation networks in the pertinent literature. To address the lack of coherence in the literature, this paper adopts a bibliometric review method to provide a comprehensive overview of the current situation as well as recent trends in the pertinent literature. We conducted our bibliometric review by examining the time distribution of existing studies and, more importantly, analyzing the most significant authors, journals, countries, institutions, co-citations, co-occurrences, content analysis, and clustering of documents on innovation networks. This comprehensive method enabled us to conduct a robust analysis of the logical continuous flows and key ideas underpinning the innovation networks
Keywords: Bibliometric; Innovation Network; Web of Science Database; Co-citation; Co-occurrence Analysis.
The impact of logistics performance on internet retailing: a cross-country analysis
by Amir Eslami Andargoli, Hassan F. Gholipour, Behzad Foroughi, Nader Sheikholeslami Kandelousi
Abstract: The objective of this study is to investigate the relationship between internet retailing and logistics performance index and its six components (efficiency of customs and border clearance, quality of logistics services, ease of arranging international shipments, timeliness of international shipments, tracking and tracing consignments, and quality of trade and transport infrastructure). Using data from 80 developed and emerging countries from 2007 to 2018, the findings show that logistics performance index has a positive and significant relationship with internet retailing. We also find that quality of logistics services, ease of arranging international shipments, quality of trade and transport infrastructure as well as tracking and tracing consignments are significant determinants of internet retailing. Our results provide important implications for retail companies and policymakers.
Keywords: logistics; internet retailing; panel data; business performance; macroeconomic.
A neural network approach for predicting corruption in public procurement
by Iván Pastor-Sanz, Félix J. López-Iturriaga, David Blanco-Alcántara
Abstract: We apply topic modelling and neural network algorithms to a sample of more than 70,000 public procurement tenders from 33 European countries between 2016 and 2018. Rather than identifying a binary indicator of possible corruption, we establish a more precise red-flag indicator with four different levels. We initially identify some selection criteria that are more present in tenders with a low number of received offers, a common proxy of corruption. Our model then detects different corruption risk profiles depending on the selection criteria reported in the procurement announcement. Tenders awarded based mainly on price criteria present a higher risk of low competition. Consequently, non-price evaluation criteria (technical quality, environmental issues, etc.) are useful indicators for preventing corruption.
Keywords: corruption; neural networks; public procurement; self-organising maps; topic modelling.
Chinas Digital Silk Road investment effect: a boon for European countries or a danger to security
by Ping Lv, Pengqi Liu, Waner Xu
Abstract: In recent years, some European countries worry that China was using the Digital Silk Road (DSR) to enable recipient countries to adopt its model of technology-enabled authoritarianism, which would be detrimental to national security in those countries. This paper evaluates the DSR investment effect of the Belt and Road Initiative (BRI) using the Difference-in-Difference-in-Differences (DDD) model by exploring country-sector-year panel data based on China Global Investment Tracker database from 2005 to 2018. Our study finds that the BRI has significantly increased DSR investments by Chinese enterprises in the BRI countries of Europe without causing significant rise in problem transactions. Therefore, the A Danger to Security narrative that the DSR aims to take over European recipient countries sovereignty by technology financing is not supported by evidence. Discussion on sub-samples reveal that the BRI mainly promotes state-owned enterprises DSR investment, and that the preferred entry mode is cross-border merges and acquisitions.
Keywords: Digital Silk Road; Belt and Road Initiative; investment effect; national security; European countries.
Business relatedness and parent firm performance: is accumulated knowledge stock the missing link?
by Ramjanul Ahsan, Md. Imtiaz Mostafiz
Abstract: This study examines the relationships between business relatedness of parent firms and international joint venture (IJV), accumulated knowledge stock, and parent firm performance with the moderating effect of organisational culture. Drawing on the knowledge-based view, the Growth curve model is used to investigate parent firms performance in 210 IJVs in the UK and USA between 2006 and 2015. Our study shows that the impact of business relatedness on firm performance is time-variant and subject to a mediated effect. We argue that accumulated knowledge stock generated from business relatedness mediates the relationship between business relatedness and the parent firms performance. Moreover, the benefits of accumulated knowledge stock are more pronounced with the supportive organisational culture of parent firms. We advocate that by concentrating on the accumulation of knowledge stock, the parent firm can improve its performance. The findings provide profound implications to the top management to integrate knowledge that yields superior values and performance in the long run and forgoing marginal values in the short run.
Keywords: business relatedness; international joint venture; organisational culture; accumulated knowledge stock.
Boosting business confidence for Chinese multinationals in the Belt and Road Initiative
by Yanan Zhang, Di Fan, Yiyi Su
Abstract: Foreign location choice is a critical strategic decision faced by multinational enterprises (MNEs). As investors sentiments on business conditions and the degree of certainty of the future performance, business confidence plays a vital role in making such a location choice. In contrast to previous studies focusing on host country factors and a firms dynamic capabilities, the study extends the business confidence perspective by incorporating dyadic ties between home and host country factors, viz., civilian, cultural, and economic ties. Using 1,093 greenfield investment projects carried out by Chinese multinationals in the Belt and Road Initiative (BRI) participating countries between 2013 and 2019, our findings suggest that all three ties enhance firms business confidence to make investment decisions. Further, the findings are subject to heterogeneous ownership forms. Compared with state-owned enterprises (SOEs), non-SOEs rely more on the three ties to boost business confidence.
Keywords: Belt and Road Initiative; Chinese multinationals; foreign location choice; bilateral ties; firm ownership.
Managing conflict in global virtual teams: a study in cultural intelligence
by Sumati Varma, Richa Awasthy, Monica Adya
Abstract: Global Virtual Teams (GVTs) based projects provide a robust experiential learning environment to develop and enhance the global mind set and workforce readiness of dispersed teams. Yet, this learning environment can be negatively impacted by inherent team conflict, as described in this study through an incident that emerged in an online student collaboration platform (X-Culture). We view this incident through the lens of cultural intelligence and recommend that the design of pedagogy and interventions around GVST interactions can greatly improve the metacognitive intelligence of each participant and enhance the likelihood of successful GVT engagement through active conflict resolution. Key communications, informant interviews, e-mails, and Web board discussions were triangulated to demonstrate that lack of cultural intelligence and trust are the genesis of conflict between team members in multicultural GVTs. We conclude with recommendations for pedagogical and managerial practice that include pre-engagement preparatory development for GVTs..
Keywords: constructivist approach; experiential learning; global virtual teams; global virtual student teams; conflict; cultural intelligence; trust; project X-Culture.
Team climate and performance in global virtual teams: exploring the effects of cultural intelligence and emotional intelligence on team climate satisfaction
by Mahboobeh Davaei, Marjaana Gunkel, Vasyl Taras
Abstract: The literature has largely overlooked the role of multiple intelligences in global virtual teams (GVTs). Based on a global dataset including 723 individuals from 37 countries working in 218 GVTs, the present study aims to explore the impact of emotional intelligence (EQ) and cultural intelligence (CQ) on improving team climate satisfaction and, in turn, the effect of team climate satisfaction on the performance in GVTs. The multilevel analysis results show that team climate satisfaction mediates the effects of EQ and CQ on performance in GVTs. At the individual level, team members satisfaction with the team climate negatively mediates the relationship between team members EQ and CQ and their performance in GVTs. In contrast, at the team level, the average team climate satisfaction positively mediates the relationship between the average EQ and CQ of team members and the collective team performance in GVTs. We discuss the implications for research and practice.
Keywords: global virtual teams; cultural intelligence; emotional intelligence; performance; team climate satisfaction.
The digital silk road in support of state-driven standard-setting: implications for European firms
by Bent Petersen, Mathias S. Knauf, Caja N. Petersen, Toshimitsu Ueta
Abstract: Technical standards constitute an essential part of the Digital Silk Road. The paper explores state-driven technical standard-setting as an important aspect of emerging techno-nationalism. Until recently, technical standard-setting predominantly took place in the private sector. However, nation states are increasingly playing an active role in promoting home-grown technical standards. The paper focuses on the Chinese government as an example of this new development in standard-setting, and describes how the Belt and Road Initiative, including the Digital Silk Road, are used to promote technical standards rooted in China. Using the obsolescing bargaining model as an analytical framework, the paper discusses the implications of a surge of China-specific technical standard-setting for European firms and how this may impinge on their market and non-market strategies.
Keywords: technical standards; techno-nationalism; Digital Silk Road; China; European firms; obsolescing bargaining model.
Automotive global production networks in peripheral locations: convergent divergence patterns of institutionalisation
by Tugba Gurcaylilar-Yenidogan, Hilal Erkus
Abstract: The rise of international networks of production and participation in global value chains (GVCs) does matter also for national comparatives over institutional interactions of governance. GVC literature pays little attention to the political economy of inter-firm governance. Global production networks (GPNs) provide a broader explanation of the interaction of global and local governance by considering the collective behaviour of actors, institutions, national business systems and power relations in value-chain governance. With this in mind, the present study explores the modes of governance in GPNs by unveiling the role of institutions, institutional complementarities and national business systems in different local sourcing strategies of automakers and auto-parts suppliers in the Turkish automotive sector. The findings verify the roles of institutions in the different modes of governance emerging in automaker-supplier relations, and more specifically, reveal a pattern of convergent divergence of institutionalism within the Turkish automotive sector.
Keywords: global production networks; institutional complementarity; automotive industry; modes of governance; national business systems.
Analysis of firm-specific, country-specific and sectoral determinants of international franchise survival
by Cintya Lanchimba Lopez, Hugo Porras, Yasmin Salazar, Dianne H.B. Welsh
Abstract: Franchising is a major part of the worldwide economy. Different factors at the firm and country levels simultaneously influence franchising survival, including location and governance. The purpose of this study is to wholistically view of the factors that affect franchisors survival. This study examines the variables that influence franchisors survival in different economic sectors by comparing data from Latin America and Europe from 2009 to 2017. Using survival analysis modelling, the results show that first-mover franchises with greater business experience and contract characteristics that avoid agency problems are more likely to survive. We find that compared with late entrants, franchisors that enter the market earlier are more likely to gain brand loyalty, scarce strategic resources, and advantages from the early registration of their brand, which allows them to survive longer. As the host countrys economic, institutional, infrastructure, and technology factors improve, franchise survival increases. Implications are discussed.
Keywords: franchising; first-mover advantages; country stability; technology exports; international; Latin America; Europe; governance; survival strategy.
The economic impact of location on multi-unit franchising
by Cintya Lanchimba Lopez, Eugênio Bitti, Dianne H.B. Welsh
Abstract: One of the most common forms of franchising is multi-unit franchising (MUF), which is the primary growth vehicle for franchising worldwide. Many of these franchises are small businesses that face several problems, such as the lack of access to financial markets to grow faster In this context and based on agency theory, Thus, we address the question of the impact of the geographical dispersion of the franchised units to headquarters, agglomeration of stores, incentive mechanism, and monitoring on the proportion of multi-unit franchising in the chain Using a unique cross-sectional dataset of 202 franchisors in 26 Brazilian States from a survey of the franchisors, we found a positive relationship between the proportion of MUF and the studied variables, in agreement with agency theory. Implications for small businesses, franchising, and the economy are discussed.
Keywords: multi-unit franchising; location; agency theory; Brazil.
Transnational identities in the European labour market: a multilingual perspective
by Anne Kari Bjørge, Sandra Tomescu Baciu, Sunniva Whittaker
Abstract: EU policies encourage multilingualism as a factor to enable mobility within its labour market. One aspect of this is the offshoring of language-sensitive services from high-cost to lower-cost countries, which has been largely ignored in previous research. This calls for situated research of language issues contextualized with respect to different professional and geographical categories. The present paper addresses the situation of knowledge workers providing language-sensitive services for an off-shored MNC unit. The services in question require proficiency in the language of a high-cost country (Norway) and are offshored to a unit in a lower-cost country (Romania) for financial purposes. Norwegian proficiency in addition to English is a condition for employment at entry level. The article explores how a multilingual work situation impacts on knowledge workers' personal and professional identity, the concept of transnational identity and the issue of career pathing.
Keywords: transnationalism; identity; knowledge workers; service offshoring; multilingualism; hybrid language; European labour market; lingua franca; career pathing.
Tacitness on multinational corporations' location choice: multi-levelled moderating of knowledge transfer and absorptive capability
by Fang-Yi Lo, Kun-Huang Huarng, Yu-Ling Chiang
Abstract: Based on both resource-based theory and knowledge-based theory, we focus on tacitness of resources influencing the international location choice of multinational corporations. Tacitly or explicitly, multinational corporations select proper international locations to invest. This study is a multilevel setting, including multinational networks of parent company and their foreign subsidiaries. To examine the factors influencing location choice, we adopted hierarchical linear model statistics method to analyse multilevel data simultaneously of parent companies resources and subsidiaries locations. Empirical data from Taiwan Economic Journal database include 855 Taiwanese multinational corporations and their 12,637 subsidiaries around the world. Result support explicit and tacit resources will influence location choices, and the moderator of parent companies transfer capability and subsidiary absorptive capacity successfully decrease the constraint of tacit resources on choosing international locations, and increase flexibility of multinational corporations to conduct their international investment activities.
Keywords: hierarchical linear model; knowledge-based theory; location choice; parent companies' transfer capability; resource-based theory; subsidiary absorptive capacity.
INTO THE UNKNOWN: the impact of coronavirus on UK hotel stock performance
by Javad Izadi Zadeh Darjezi, Pantea Foroudi, Alireza Nazarian
Abstract: As the coronavirus disease (COVID-19) spread in March 2020, it crashed economies across the world, including in the UK. This study investigates the impact of the COVID-19 pandemic outbreak on the stock return of publicly listed hotels in the UK. By employing the event-study approach, this study proposes to scrutinise (i) the effect of the coronavirus pandemic on UK hotel stock price changes, (ii) how the magnitude of the COVID-19 outbreak has affected the stock price movements on the UK market place, and (iii) how COVID-19 has impacted the hotel industry via the reactions of the stock market. Our results show that the listed hotels in the stock market experienced substantial negative cumulative abnormal returns. This article's findings could empirically be useful for business to be better prepared for a similar future pandemic disease.
Keywords: COVID-19 pandemic; event study method; abnormal stock return; hotel industry.
Governance mechanisms drive SME export performance via competitive advantage
by Maria L. Vélez, Jose M. Sánchez-Vázquez, Raquel Florez Lopez
Abstract: This paper provides novel empirical evidence that scrutinises how control systems and trust, as governance mechanisms, contribute to SME export performance when they use international business networks. Drawing on the arguments about a positive relationship between them, we propose an integrative model about their direct and indirect effect on performance through competitive advantage. This model is tested using a sample of 193 Spanish export ventures. The results single out mutual trust as a source of competitive advantage and a key driver of export performance. Besides, having output controls in place increases trust, and indirectly impacts export performance through trust mediation. These findings claim that trust is an exclusive, inimitable resource that allows SMEs to effectively orchestrate their relationship with their intermediaries and the role of output controls as an essential mechanism to build trust and support trusts effect on performance.
Keywords: export performance; mutual trust; output control; behavioural control; competitive advantage.
Team Innovation and Export Venture Performance in SMEs: A Multilevel Moderated Mediated Model
by Tien Luu Dung
Abstract: This study aims to develop a logic for leveraging innovation resources at the team level for export venture performance. The study sample comprised 466 team leaders at 167 export and import firms in Ho Chi Minh City, Da Nang, and Ha Noi, Vietnam. The data is analysed using a partial least square-structural equation model (PLS-SEM). Team innovation needs an indirect, multi-level mechanism to transfer core capabilities to export venture performance rather than a unique direct mechanism, which might contribute to the international performance of SMEs via two pathways, namely the direct mechanism of employee exploration-exploitation innovation and the buffering role as the moderator of team absorptive capacity and intermediaries of firm domestic network capacity. In addition, team-centred transformational leadership may serve as the impetus for forming a significant innovation team. This initial study contributes significantly to international business theory by using team innovation and personal and organisational resources through the lens of dynamic capabilities theory.
Keywords: firm domestic network; employee exploitation innovation; employee exploration innovation; export venture performance; team absorptive capacity; team innovation.
International product rollout strategies and performance: the moderating effects of product innovativeness, order of entry and firm size
by Nik Mohd Hazrul Nik Hashim, Amin Ansary
Abstract: Export marketing strategy requires firms to decide whether to launch a new product sequentially or simultaneously across targeted foreign markets. While a handful of papers have explored the strategic launch concepts, the research community has yet to empirically assess how they affect multiple performance outcomes along the strategic-fit paradigm involving entry-level organisational contexts. To address this gap, the present study compares the effects of launch strategies across firms with distinguishing degrees of product innovativeness and different international entry order positions. Firm size was also assessed for possible moderating effects. Results from a sample of 182 exporting firms indicate that sequential product rollouts produced a stronger effect than simultaneous rollouts when regressed directly on performance. Although we did not find support for the firm size and strategy interaction, product innovativeness and order of entry displayed moderating influences on product performance. A closer examination via post-stratification interaction effects reveals that a sequential strategy was superior when firms introduced radical innovations. Conversely, in comparison to sequential launches, a simultaneous approach was found to be most applicable for first-mover product launches. Incremental product innovations and followers appear to be successful on specific launch-performance indicators. Implications for theory and practice are discussed.
Keywords: launch strategy; product innovativeness; order of entry; firm size; new product performance.
A state-of-the-art review on international strategic alliances: do we really know what we are researching?
by Susana C. Silva, Maria Elo, Jorma Larimo, Božidar Vlačić, Raquel Meneses
Abstract: This review explores recent literature on International Strategic Alliances (ISAs). Management of alliances requires a better understanding of different dimensions and components of ISAs and of their role. This review provides a state-of-the-art understanding of the concept using content analysis of 85 ISA articles. There is limited research on the concept of ISA and the components that affect the alliances' formation, post-formation and outcome. We found notable inconsistencies in the ISA literature on the concept. This highlights the need for further structuration of the concept and the need to provide characterisation that is more coherent. This review presents implications for the definition and future research avenues for the concept, especially regarding the theory, context and the scope of ISA research. Finally, this study provides a state-of-the-art discussion that proposes critical viewpoints for future development of the concept of ISAs, their influential components and their application in research and international management.
Keywords: international strategic alliance; alliance definition; state-of-the-art review; systematic literature review; alliance stage; alliance output.
Industrial clusters as drivers of revealed technological advantages of regions: the case of the Swiss chemical and pharmaceutical industries
by Cyril Cudré-Mauroux, Philippe Gugler
Abstract: Clusters, since Marshall, have been identified as drivers of productivity because of the specialisation of the companies that form these clusters. Given that the productivity and competitiveness of firms is strongly dependent on their innovative capabilities, particular attention has been devoted to the role of clusters as facilitators of innovation. Our hypothesis states that industrial clusters, reflecting labour specialisation, induce regional technological advantages reflecting innovation specialisation. Cluster mapping is mainly reliant on the Location Quotient (LQ), as an indicator of relative specialisation based on employment data. The Revealed Technological Advantage (RTA) reflects the innovative specialisation of industries located in a specific region. The objective of this paper is to compare the LQ with the RTA in the chemical and pharmaceutical industries within the Swiss territory. The correlation analysis reveals a strong positive relationship between the two indicators. However, when considering only the chemical industry, the result is not statistically significant.
Keywords: industrial clusters; relative specialisation; cluster mapping; competitiveness; innovation specialisation; location quotient; revealed technological advantages; patents; employment; chemical industry.
SMEs prefer JVs: why SMEs' equity entry mode choices are different from those of large firms?
by Maria Cristina Sestu, Alfredo D'Angelo, Antonio Majocchi
Abstract: Using a sample of 770 foreign market entries in the time period 2005-2015 we examine whether the equity entry mode strategies chosen by SMEs are different from those of large firms. Our findings reveal that when compared to large firms, SMEs tend to rely more on cooperative entry modes. More specifically, SMEs prefer joint venture rather than wholly owned subsidiary. Using a propensity score matching approach to avoid sample bias issues, our results show that the choice between joint venture and wholly owned subsidiary is strongly influenced by the size of the investing firm and by their financial resources, while the family ownership structure is not a significant discriminant. We discuss the theoretical underpinnings of our findings along with the managerial implications emerging from this research.
Keywords: entry modes; joint venture; wholly owned subsidiary; SMEs.
The impact of ecosystem on the speedy internationalisation of born global firms in emerging markets
by Mohammad Falahat, Zizah Che Senik, Yan-Yin Lee, Melissa W. Migin
Abstract: This study presents the ecosystem of born global firms in emerging markets by combining international entrepreneurship, born global perspective and the forces contributing to the advancement of competitive capabilities. The qualitative approach through in-person interviews with six born global firms was employed. Thematic coding was performed to facilitate model building required for this study. Findings reveal that triggering facets of push and pull factors, government support initiatives, enabling factors of entrepreneurial characteristics, market orientation, learning orientation and networking strongly contribute to building the competitive capabilities of born global that leads to speedy internationalisation. This study extends the research agenda in the field of international entrepreneurship in emerging markets by presenting the ecosystem comprising seven triggering, supporting and enabling forces contributing to competitive capabilities that lead to the speed of internationalisation of export-oriented enterprises in emerging markets.
Keywords: early internationalisation; speedy internationalisation; ecosystem; born globals; institutional voids; competitive capabilities; emerging markets.
Special Issue on: EMNet2021 Strategy - Governance Relationship In International Business Networks
by Muhammad Zafar Yaqub, Aveed Raha, Maria Jell-Ojobor, Josef Windsperger
Abstract: In today's turbulent and complex environments, international business networks (IBNs) in various forms (e.g., strategic alliances, franchise chains, export and licence relationships, cooperatives, global production networks, joint ventures, public-private partnerships, and digital platforms) are becoming increasingly important in helping multinationals to achieve competitive advantage. Owing to increased performance pressures in uncertain environments, firms embedded in networks are increasingly moving from cooperators to collaborators as value co-creators. The aim of this introductory article is to discuss how international business networks (IBNs) may mitigate uncertainty (emanating especially from disruptive digital innovations and global pandemics) through value, configuration and/or knowledge-driven governance, strategy, and management. In addition, we provide an overview of the articles included in the special issue on Governance, Strategy and Management of International Business Networks in Uncertain Times detailing their specific contributions to enrich the contemporary scholarly discourse in this regard.
Keywords: International Business Networks; Uncertain Times; Governance; Strategy; Management.