-
作者：Turturea, Roxana; Sauerwald, Steve; Heugens, Pursey P. M. A. R.
作者单位：Stockholm School of Economics; University of Houston System; University of Houston; Erasmus University Rotterdam; Erasmus University Rotterdam - Excl Erasmus MC
摘要：Governments worldwide use executive compensation to bond CEOs of state-owned enterprises (SOEs) to political agendas at the expense of private owners. We extend principal-principal (PP) agency theory to delve into the CEO cooption behavior of governments. First, building on the institution-based view, we theorize that political institutions shape the ability of governments to trigger PP conflicts by bonding SOE CEOs through executive compensation. Second, leveraging the comparative state capit...
-
作者：Zhou, Kevin Zheng; Dong, Meitong
作者单位：University of Hong Kong; Chinese Academy of Sciences; University of Science & Technology of China, CAS
摘要：Does inward foreign direct investment (FDI) promote or inhibit the technological innovation of local firms? Prior research has generated mixed views and findings on this important question. To address this puzzle, we propose that FDI spillover and crowding-out effects may apply to different phases of innovation (i.e., idea generation and R&D implementation) respectively, which then leads to differential impacts of FDI on incremental and radical innovation. The results from a panel dataset of C...
-
作者：Qin, Fei
作者单位：University of Bath
摘要：The effectiveness of accelerators in fostering new venture development has traditionally been attributed to variations in their internal operations and design, with limited consideration of contextual factors. This study broadens the understanding of accelerators by situating their roles in relation to entrepreneurial ecosystems and introducing a multi-level framework on how macro-level institutions and meso-level accelerator programs interact to shape venture growth. By linking organizational...
-
作者：Kano, Liena; Grogaard, Birgitte; Ciravegna, Luciano; Adarkwah, Gilbert Kofi
作者单位：University of Calgary; BI Norwegian Business School; INCAE Business School; University of Reading; Universite de Montreal; HEC Montreal
摘要：This counterpoint challenges the view advanced by Yu, Bansal, and Arjali & egrave;s (J Int Business Stud 54:1151-1169, 2023), who argue that multinational enterprises (MNEs), by virtue of their cross-border operations, are inherently detrimental to the environment. While Yu et al.'s call for responsible resource use is commendable, we contend that their framework oversimplifies the complex realities of international business (IB). Drawing on New Internalization Theory (NIT), we examine environ...
-
作者：Colak, Gonul; Habimana, Theogene; Korkeamaki, Timo
作者单位：Hanken School of Economics; University of Sussex; Aalto University
摘要：Many African economies face high debt levels, yet local firms have unique growth opportunities requiring external financing. We examine whether government borrowing constrains corporate financing in Africa and how these effects differ by debt source. Using a manually collected dataset from 29 African countries (2000-2019), we uncover financing patterns that challenge conventional theories. In sharp contrast to firms in developed markets, we find that African firms experience a crowding-in effe...
-
作者：Muratova, Yulia; Dhanaraj, Charles; Svystunova, Liudmyla
作者单位：Aarhus University; University System of Georgia; Georgia State University; Loughborough University
摘要：Equal treatment of foreign and local firms is the cornerstone of international investment law. Yet, why do foreign firms face discrimination in host countries? We analyze this critical but underexplored aspect of the liability of foreignness in two stages. First, drawing on the insights from political science, we argue that the political ideology of the host government along the left-right spectrum drives discriminatory dynamics, resulting in elevated regulatory risk for foreign firms. Next, w...
-
作者：Chen, Xuchang; Maksimov, Vladislav; Mathias, Blake Dustin; Wang, Stephanie Lu
作者单位：University of Reading; University of North Carolina; University of North Carolina Greensboro; Indiana University System; Indiana University Bloomington; IU Kelley School of Business
摘要：Market-seeking foreign direct investment (FDI) remains central for firms to expand their global presence and seize opportunities abroad. However, existing research often focuses on immediate or near-term drivers related to firms' market-seeking FDI strategies, and thus neglects the valuable insights a historical perspective can provide. To address this gap, we draw insights from imprinting theory and propose a framework theorizing the dual-layered imprinting of historical conditions stemming f...
-
作者：Marra, Marianna; Nielsen, Bo Bernhard
作者单位：Polytechnic University of Milan; University of Sydney
-
作者：Corina, Margherita; Hartwell, Christopher; Carballo, Alfonso
作者单位：Kozminski University
-
作者：Stutz, Christian; Matala, Saara
作者单位：University of Jyvaskyla; Chalmers University of Technology
摘要：Industrial policy, the use of state power to influence the development of industries, has become increasingly influential in international business, yet its firm-level dynamics remain understudied. Through a history-to-theory approach and microhistorical analysis, we investigate how the Finnish shipbuilding industry employed nonmarket strategies (NMS) to influence outward-oriented industrial policies that supported its international expansion. Grounded in New Institutional Economics, we identi...
