 |
 |
Dear friends and colleagues, Here are some articles on internationalization and multinational enterprises that have recently been accepted/published in the British Journal of Management. They include an important new article on extending internalization theory by Peter Buckley and Mark Casson. Please also note the BJM special virtual issue on emerging market research, which can be found here: https://onlinelibrary.wiley.com/page/journal/14678551/homepage/VirtualIssuesPage.html#frd Kind regards, J. George Frynas BJM Communication Associate Editor Here We Go Again: A Case Study on Re‐entering a Foreign Market<https://onlinelibrary.wiley.com/doi/10.1111/1467-8551.12407> Roberta Aguzzoli<https://onlinelibrary.wiley.com/action/doSearch?ContribAuthorStored=Aguzzoli%2C+Roberta>, Jorge Lengler<https://onlinelibrary.wiley.com/action/doSearch?ContribAuthorStored=Lengler%2C+Jorge>, Carlos M. P. Sousa<https://onlinelibrary.wiley.com/action/doSearch?ContribAuthorStored=Sousa%2C+Carlos+M+P> and Gabriel R. G. Benito<https://onlinelibrary.wiley.com/action/doSearch?ContribAuthorStored=Benito%2C+Gabriel+R+G> Globalization has motivated firms to expand into foreign markets, but internationalization is inherently dynamic. Many firms have exited foreign markets for various reasons, but some later decide to re‐enter those same markets. Based on a case study of a Brazilian multinational's activities in Mexico, this study contributes to the literature on re‐entry decisions of multinational enterprises and their outcomes, focusing on the roles of institutional voids and the experiences of decision‐makers during such processes. The findings suggest that companies learn from their mistakes and reconsider how they approach re‐entry and the resources that may need to be mobilized. However, the learning process is not straightforward as it is clouded by international knowledge myopia. This study highlights how multiple actors and considerations influence re‐entry events. BJM early view, https://doi.org/10.1111/1467-8551.12407 Tying the Acquirer's Human Resource Management Quality to Cross‐Border Acquisition Divestment Probability: Curvilinear Connection with Slacklining<https://onlinelibrary.wiley.com/doi/10.1111/1467-8551.12403> Emma Avetisyan<https://onlinelibrary.wiley.com/action/doSearch?ContribAuthorStored=Avetisyan%2C+Emma>, Yehuda Baruch<https://onlinelibrary.wiley.com/action/doSearch?ContribAuthorStored=Baruch%2C+Yehuda>, Pierre‐Xavier Meschi<https://onlinelibrary.wiley.com/action/doSearch?ContribAuthorStored=Meschi%2C+Pierre-Xavier>, Emmanuel Metais<https://onlinelibrary.wiley.com/action/doSearch?ContribAuthorStored=Metais%2C+Emmanuel> and Anne Norheim‐Hansen<https://onlinelibrary.wiley.com/action/doSearch?ContribAuthorStored=Norheim-Hansen%2C+Anne> Cross‐border acquisitions are growing in volume and global economic importance, yet a considerable number end in failure. Many of these failures may be linked to people management‐related issues. We extend this stream of research by investigating the impact of the acquirer's aggregate human resource management (HRM) quality on cross‐border acquisition divestment. Our empirical analysis uses a panel database of 4128 cross‐border acquisition/year observations and an event history design. The findings confirm a curvilinear relationship and suggest that acquisition failures are not merely associated with poor HRM quality, but also with very high levels of HRM quality, that is, with both extremes. Moreover, our results show that financial slack has a significant moderating effect on the curvilinear relationship between HRM quality and the likelihood of acquisition divestment. Overall, our study reveals boundary conditions for the widely demonstrated positive relationship between HRM quality and organizational performance in an acquisition context. BJM early view, https://doi.org/10.1111/1467-8551.12403 The Internalization Theory of the Multinational Enterprise: Past, Present and Future<https://onlinelibrary.wiley.com/doi/10.1111/1467-8551.12344> Peter J. Buckley<https://onlinelibrary.wiley.com/action/doSearch?ContribAuthorStored=Buckley%2C+Peter+J> and Mark Casson<https://onlinelibrary.wiley.com/action/doSearch?ContribAuthorStored=Casson%2C+Mark> This paper presents an agenda for extending the theory of international business in order to explain a wider range of phenomena. This, however, has to be done with due attention to the requirements of good social science theory. Relevant criteria are set out, together with a list of issues that new theory must address. Theory needs to focus on industries as well as firms, and make greater use of formal multi‐actor models. ‘Generalizing from the particular’ should be avoided; theory needs to be derived from general social science principles that have proved successful in cognate disciplines. BJM, Volume 31, Issue 2<https://onlinelibrary.wiley.com/toc/14678551/2020/31/2>, April 2020 [cid:[log in to unmask]] [cid:[log in to unmask]] Prof J. George Frynas | Professor of Strategic Management The Open University, Level 3 North, Berrill Building, Walton Hall, Milton Keynes MK7 6AA +44 (0) 1908 858389 | [log in to unmask]<mailto:[log in to unmask]> | www.open.ac.uk<http://www.open.ac.uk/> [cid:[log in to unmask]] Selected recent publications : Tatoglu E, Frynas JG, Bayraktar E, Demirbag M, Sahadev S, Doh J, Lenny Koh SC. “Why do emerging market firms engage in voluntary environmental management practices? A strategic choice perspective”, British Journal of Management, 31(1), 80-100, 2020. Frynas JG, Mol M, Mellahi M. “Management Innovation Made in China: Haier’s Rendanheyi”, California Management Review, 61(1), 71-93, 2018. Liedong TA, Frynas JG. “Investment Climate Constraints as Determinants of Political Tie Intensity in Emerging Countries: Evidence from Foreign Firms in Ghana”, Management International Review, 58 (5), 675-703, 2018. Also check out one of the top five cited articles in IJMR from 2015 : Frynas JG, Stephens S. “Political Corporate Social Responsibility: Reviewing Theories and Setting New Agendas”, International Journal of Management Reviews 17(4): 483-509, 2015. Available for free: https://onlinelibrary.wiley.com/doi/epdf/10.1111/ijmr.12049 ____ AIB-L is brought to you by the Academy of International Business. For information: http://aib.msu.edu/community/aib-l.asp To post message: [log in to unmask] For assistance: [log in to unmask] AIB-L is a moderated list.