-
作者：Luo, Yadong; Zhang, Anlan; Fang, Tony
作者单位：University of Miami; Hong Kong Metropolitan University; Stockholm University
摘要：Media has emerged as a powerful yet under-theorized force shaping the nonmarket environments of multinationals (MNEs), particularly amid intensifying geopolitical tensions and ideological polarization. Drawing on mass communication theory, we conceptualize media, encompassing both institutional news media and social media platforms, as a distinct nonmarket influencer that actively constructs legitimacy, propagates geopolitical narratives, and accelerates public sentiment across borders. We dev...
-
作者：Decker, Stephanie; Jones, Geoffrey; Meyer, Klaus E.; Piekkari, Rebecca; Welch, Catherine
作者单位：University of Birmingham; Harvard University; Western University (University of Western Ontario); Aalto University; Trinity College Dublin
摘要：History is not merely prologue to International Business (IB) research-it is a constitutive element of how we understand multinational enterprises, foreign market entry, institutional change, and cross-border value creation. Despite increased recognition of interdisciplinary collaboration, IB scholars remain unclear about how to rigorously integrate historical methods and insights from Business History. In this special issue introduction, we address the impediments to closer interdisciplinary ...
-
作者：Shaheer, Noman; Li, Sali; Chen, Liang; Brouthers, Keith D.; Li, Dan; Liesch, Peter
作者单位：University of Sydney; University of South Carolina System; University of South Carolina Columbia; Singapore Management University; University of London; King's College London; Indiana University System; Indiana University Bloomington; IU Kelley School of Business; University of Queensland
摘要：We seek to reconceptualize internationalization strategy by shifting focus from static, single-entry mode choices to dynamic constellations of multiple involvement modes. In an era of rapid technological change enabled by artificial intelligence, blockchain, and robotics, geopolitical volatility fueled by trade wars and violent conflicts, and increasing sustainability demands, multinational corporations (MNCs) need to rethink how they are involved with diverse stakeholder expectations, priorit...
-
作者：Bessembinder, Hendrik; Cooper, Michael J.; Jiao, Wei; Zhang, Feng
作者单位：Arizona State University; Arizona State University-Tempe; Utah System of Higher Education; University of Utah; Rutgers University System; Rutgers University Camden; Rutgers University New Brunswick; Southern Methodist University
摘要：Firms often experience significant abnormal stock returns following major corporate events, but these returns vary widely across countries. We examine how national institutions-particularly financial system development, investor protection, and governance practices-influence post-event stock returns for over 164,000 events across 58 countries. Our analysis covers six frequent corporate events: dividend initiations, share repurchases, seasoned equity offerings, stock splits, mergers and acquisi...
-
作者：Bai, Xuan; Zhou, Kevin Zheng; Zhang, Bingkun; Xie, En
作者单位：Southwestern University of Finance & Economics - China; University of Hong Kong; University of Melbourne; Tongji University
摘要：While prior research has emphasized the economic threats posed by political risk, it is unclear how geopolitical risk (GPR), a supranational-level risk, affects global supply chain decisions. Drawing on the political economy perspective, we posit that GPR presents both opportunities and threats for multinational corporations (MNCs), depending on the political affinity between MNCs' home and host countries. We also identify the risk-mitigation roles of MNCs' political lobbying and market divers...
-
作者：Senbet, Lemma W.
作者单位：University System of Maryland; University of Maryland College Park; University System of Maryland; University of Maryland College Park
摘要：Multinational enterprises (MNEs) can be agents of positive climate action by deploying their vast resources, technology, capital, and collaborative partnerships. They can also promote cross-border mobility of corporate governance and regulatory standards. Allen et al. (J Int Bus Stud, 2024) provide a systematic descriptive analysis to support such an MNE role. In my commentary, I provide a perspective from low-income countries, particularly Africa. Although they face disproportionate climate i...
-
作者：Cerar, Jelena; Reiche, B. Sebastian; Nell, Phillip C.
作者单位：Vienna University of Economics & Business; Copenhagen Business School; University of Navarra; IESE Business School
摘要：Building on Meyer, van Witteloostuijn, and Beugelsdijk's (2017) editorial on best practices for conducting and reporting hypothesis-testing research in IB, we examine the extent to which their guidelines-and related recommendations by Hahn and Ang (2017)-have been adopted in leading IB journals. We analyze all null-hypothesis significance testing-based articles published in the Journal of International Business Studies and the Journal of World Business between 2012 and 2024, using fine-grained...
-
作者：Liu, Chang; Zhang, Pengxiang; Wang, Stephanie Lu
作者单位：Chinese University of Hong Kong; Peking University; Indiana University System; Indiana University Bloomington; IU Kelley School of Business
摘要：Digital regulations are often portrayed as barriers to digital firms' internationalization because they hinder digital firms' market penetration and fragment their global operations. We argue, however, that regulations may play a different role for digital firms that internationalize through virtual presence. Leveraging the European Union's (EU's) General Data Protection Regulation (GDPR) as context, we examine how the GDPR affects digital products' penetration in the EU and whether it drives ...
-
作者：Sedunov, John; Taboada, Alvaro G.
作者单位：Villanova University; Mississippi State University
摘要：Using a sample of 639 cross-border bank acquisitions in 65 countries from 1995 to 2019, we examine the spillover effects of such acquisitions on the systemic risk of non-target (peer) banks in host countries. We find that cross-border bank acquisitions lead to increases in peer banks' systemic risk. We evaluate competing hypotheses related to moderating institutional factors and to the underlying channels at work. Our findings show that CB bank acquisitions lower peer banks' market and pricing...
-
作者：Ni, Xiaoran; Si, Yi; Zhang, Bohui
作者单位：Central University of Finance & Economics; Xiamen University; Xi'an Jiaotong University; The Chinese University of Hong Kong, Shenzhen; The Chinese University of Hong Kong, Shenzhen
摘要：Using a global dataset, we document that an increase in country-level climate vulnerability, measured by exposure, sensitivity, and adaptive capacity to the negative effects of climate change, results in an increase in firm-level stock price crash risk. Among these components, adaptive capacity exhibits the most prominent and persistent explanatory power. We confirm our main findings using an instrumental variable approach and exploring two regulatory shocks that tend to generate worldwide or ...
