International Journal of Multinational Corporation Strategy
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International Journal of Multinational Corporation Strategy (4 papers in press)
Foreign ownership and domestic cooperation for innovation during good and harsh economic times by Antonio García Sánchez, Ruth Rama Abstract: A sample of firms active in the Spanish Information and Communication Technology sector during 2003-2014 is analysed to assess whether foreign subsidiaries are likely to make a technological contribution to domestic innovative capabilities during expansive phases of the business cycle and during recessions. Domestic firms are used as a control group. Innovative foreign subsidiaries are more likely than non-innovative foreign subsidiaries to cooperate for innovation with local partners. However, the most advanced foreign subsidiaries seem reluctant to engage in local cooperation for innovation. Foreign subsidiaries have shown greater capability than domestic firms in increasing their collaboration with local partners during the 2008 crisis. Keywords: internationalization of R&D; foreign subsidiaries; domestic business groups; cooperation for innovation; ICT sector; crisis; Spain.
The Moderating effect of Environmental Uncertainty on Executive Shareholding and Firms Investment Decisions by Richard B. Nyuur, Hao Wu, Yaw A. Debrah Abstract: This study investigates the relationship between executive shareholding and firm investment decisions (FID) under circumstances of environmental uncertainty (EU). We posit that the implementation of equity incentive plans for executives could influence their decision-making behaviour towards underinvestment or overinvestment. Using data from a sample of 400 listed Chinese firms from 2009-2012, we find that the relationship between executive shareholding (ES) and firm investment decisions (FID) is inverted U-shaped. Further, we find a negative relationship between environmental uncertainty and firm investment decisions, but no evidence of a moderating effect of environmental uncertainty on the association between executive shareholding and investment decisions. We therefore outline the implications of these findings and advance a theory based on these findings. Keywords: Environmental Uncertainty; executive shareholding; firm investment decisions; corporate performance; China.
THE IMPACT OF NEW FOREIGN BANKS STRATEGIES ON BANKING IN AFRICA by Cynthia Akwei Abstract: With the deregulation and liberalisation of the Ghanaian financial sector, the Ghanaian banking sector has seen an influx of new foreign banks, which are competing very well in this market. However, there is limited research on the impact of the strategies and impact of these new bank's operations in the host country. Using a qualitative and the interview method, data was collected from a case of four foreign banks operating in Ghana and analysed using cross-case comparative analysis. The findings from the study reveal that the exposure of foreign bank strategies in domestic markets lead to both positive and negative impacts. The operations of these foreign banks impact positively on their performance with higher profits and a negative impact on domestic banks profitability. This paper explores these empirical findings and presents its implications for foreign bank's operations in the domestic markets of an emerging economy.
Keywords: Africa; foreign direct investment; strategies; banks; deregulation.
Place Branding Sovereignty: Re-marketing Africa's Investment Narrative From 1619-2019 by Frederick Ahen Abstract: This paper analyses the origins, causes and effects of the negative branding of Africa and proposes novel sovereign (self-determination-based) strategies for rebranding the continent. We synthesize a selection of historically relevant themes about the role of imagery, corporate irresponsibility, urban myths, deceptive marketing, and pejorative media and academic portrayal of Africa. We analyze the extent to which these issues obfuscate our understanding of business management in Africa, including diaspora entrepreneurship and reconnection. The study practices literature mapping and historical institutionalism as a conjoined approach for probing and highlighting the important stages in geopolitical and marketing strategies that are partly responsible for relegating Africa to the bottom of a caste-based branding system. We explain how this default position has persisted for four centuriesmorphing from the target of a civilizing, humanitarian mission to philanthropy-based corporate social responsibility, where Africa is presented as only dependent on the eleemosynary gestures of others in spite of her enormous resources and attractive tourism and investment opportunities. This much is emblematic of the problematic nature of Africas economic and political struggle since colonialism. Such an image has mostly been normalized and treated ahistorically and uncritically in extant literature. The problem has led to the association of Africa with an economic backwater, notwithstanding the institutional reforms and numerous positive macro-economic indicators and political changes as favourable conditions for international business to thrive. Keywords: Africa; brand Africa; Africa rising; international business; country of origin; place branding.