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作者：Morris, Shad; Snell, Scott; Bjorkman, Ingmar
作者单位：Brigham Young University; University of Virginia; Aalto University
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作者：Kano, Liena
作者单位：University of Calgary
摘要：Global value chain (GVC) governance is an established field within international business research, yet the relational aspects of GVCs have, to date, garnered less scholarly attention than have efficiency considerations. This conceptual study's objective is to explore the relational dynamics of GVC governance using an internalization theory perspective, and by linking GVC research with insights from the business network literature. GVCs are argued to be a distinct form of asymmetrical networks...
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作者：Quang Nguyen; Kim, Trang; Papanastassiou, Marina
作者单位：Middlesex University; Foreign Trade University FTU
摘要：We explore the link between uncertainty in economic policy, firm-level FDI, and firm hedging behavior - building upon a newspaper-based index of economic policy uncertainty (EPU). We find that the relative difference in EPU between home and host country has a significant relationship with FDI. Firms increase their FDI level in countries, which have a low level of EPU relative to their home country. In addition, firms use derivatives more intensively in response to an increase in EPU. Interesti...
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作者：Huang, Henry He; Kerstein, Joseph; Wang, Chong
作者单位：Yeshiva University; Hong Kong Polytechnic University
摘要：Increasingly adverse climatic conditions have created greater systematic risk for companies throughout the global economy. Few studies have directly examined the consequences of climate-related risk on financing choices by publicly listed firms across the globe. We attempt to do so using the Global Climate Risk Index compiled and published by Germanwatch (Kreft & Eckstein, 2014), which captures at the country level the extent of losses from extreme weather events. As expected, we find the like...
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作者：Buckley, Peter J.; Chen, Liang; Clegg, L. Jeremy; Voss, Hinrich
作者单位：University of Leeds; University of Sussex
摘要：A distinguishing feature of emerging economy multinationals is their apparent tolerance for host country institutional risk. Employing behavioral decision theory and quasi-experimental data, we find that managers' domestic experience satisfaction increases their relative risk propensity regarding controllable risk (legally protectable loss), but decreases their tendency to accept noncontrollable risk (e.g., political instability). In contrast, firms' potential slack reduces relative risk prope...
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作者：Schwens, Christian; Zapkau, Florian B.; Brouthers, Keith D.; Hollender, Lina
作者单位：University of Cologne; Vrije Universiteit Amsterdam; University of London; King's College London; Heinrich Heine University Dusseldorf
摘要：Despite extensive research, the literature is unclear about the circumstances under which a firm learns from its past foreign entry modes and how this experiential learning is related to future mode choices. Building on the internationalization process (IP) model and the idea that some experiential learning is location-bound, while other learning is non-location-bound, we develop and test theory to explain how experiential learning about foreign operation modes and markets impact future mode c...
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作者：Buchner, Axel; Espenlaub, Susanne; Khurshed, Arif; Mohamed, Abdulkadir
作者单位：University of Passau; University of Manchester; Alliance Manchester Business School; Cranfield University
摘要：Against the background of the growing internationalization of venture capital (VC) investing, this is the first global comparison of the returns generated by individual domestic and cross-border deals. We examine investments worldwide during 1971-2009 and find that cross-border investments significantly underperform compared with equivalent domestic investments. Returns are negatively affected by geographic distances, cultural disparities, and institutional differences between the home and hos...
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作者：Luo, Yadong; Tung, Rosalie L.
作者单位：University of Miami; Simon Fraser University
摘要：The springboard view has become one theoretic lens to analyze emerging market multinationals (EMNEs) in the past decade. A decade after its first introduction in 2007, new developments offer keen insights on these firms and MNEs in general that aggressively engage in critical asset-seeking. We compare this view with other IB theories, highlighting their differences as well as complementarity. We articulate unique strengths and weaknesses of EMNEs, including their vulnerability and complexity c...
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作者：Peterson, Mark F.; Barreto, Tais S.
作者单位：Aarhus University; Nova Southeastern University
摘要：Societal cultural value dimension scholarship can both learn from and inform the family of interrelated approaches to culture research in IB that appear in recent commentaries. It can exchange insights about societal values and meaning systems with neo-institutional and institutional logics research. It can also exchange insights with dual-processing cognition theories that are used to understand individuals in an international context by treating societal culture values and institutional char...
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作者：Li, Jing; Meyer, Klaus E.; Zhang, Hua; Ding, Yuan
作者单位：Simon Fraser University; China Europe International Business School
摘要：Firms and governments operate in broad networks in which the home government and its diplomatic service are a critical node - or a referral point'' - between firms and potential partners in foreign locations. Thus diplomatic relations between countries matter for the choice of foreign investment location. Using a network perspective, we argue that the extent to which good diplomatic relations induce firms to invest in friendly host countries depends on their political connections to home gover...
