Ownership and Global Strategy
Submission
deadline:
June
15,
2022
Guest
Editors:
Geoffrey
T.
Wood,
WesternUniversity,
Canada
Anna
Grosman,Loughborough
University
London,UK
Michael
J.
Mol,
Copenhagen
Business
School,
Denmark&
University
of
Birmingham,
UK
Supervising
Editor:
Alvaro
Cuervo-Cazurra,
Northeastern
University,
USA
Who owns the firm (local or foreign shareholders, governments or private investors, concentrated or diffused shareholders, traditional or alternative investors) has long been an essential
topic for research on organizations. At
the
same
time,
our
conceptualization
of
ownership
has
widened
over
time
to
incorporate owners as strategists (most prominently in the case of entrepreneurial financiers), sources of capital (as in the case of large joint-stock companies), and mechanisms
of control (direct or via institutional intermediaries).
The
linkages
and
tensions
amongst these
conceptual
foundations
(for
instance,
the
tension between ownership, ownership structures, and control) have been the focus of a large literature in global strategy. At the same time, this diversity in conceptual foundations
provides numerous opportunities for advancing our understanding of the role of ownership in global strategy. This is the objective of this special issue: analyzing how ownership affects global strategy and, by extension, how strategies are employed to accommodate
owners.
Although
not
an
exhaustive
list,
we
would
particularly
welcome
papers
that
have
a
scope that
goes
beyond national boundaries
and look at questions such as those listed below.
Owners
as
strategists:
1.
International
private
equity:
2.
Sovereign
wealth
funds:
3.
International
venture
capital:
4.
International
crowdfunding:
5.
International
hedge
funds:
a.
What
is
the
effect
of
hedge
fund
activism
on
managerial
behavior
in
investee
firms?
b.
How
do
hedge
funds
impact
the
management
of
the
overseas
firms
they
invest in?
c.
What
is
the
impact of
the
increased
usage
of
high-frequency
trading by
international
hedge funds in different national systems on target firm policies and practices?
d.
What is the impact of co-investment by hedge funds and other alternative investors on investee firms?
6.
What
are
emerging
regulatory
responses,
perhaps
as
a
form
of
financial
protectionism,
to
alternative
and
institutional
investors
at
the
national
and
supranational
levels,
and
how
do
these
affect
investors and investees?
7.
Why do firms acquire strategic assets across borders in a portfolio manner (as opposed to direct ownership)?
What
are
the
implications
for
ownership
and
control,
and
how
does
this
affect strategy in investee firms?
8.
What
is
the
effect
of
country
of
origin
on
corporate
control
by
institutional
investors
from
abroad?
9.
How do United Nations’ sustainable development goals reshape the investment strategy of international investors?
Firms
accommodating
ownership:
Alvaro CUERVO-CAZURRA
Professor, International Business and Strategy, Northeastern University
Co-editor, Global Strategy Journal
Recent publications:
Multinationals misbehavior. JWB
Implementing the United Nations’ Sustainable Development Goals in international business. JIBS
State ownership and internationalization: The advantage and disadvantage of stateness. JWB
Innovating for the Middle of the Pyramid in Emerging Countries. Cambridge University Press