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Dear friends and colleagues,

We are delighted to announce the publication of the June 2024 issue (volume 33, issue 3) of International Business Review. It is another bumper issue full of exciting articles!

The issue starts with a Special Section on “Emerging market multinationals and the politics of internationalization”, guest edited by Peter Gammeltoft & Andrei Panibratov. In their introductory article, the Editors suggest not only that MNEs are ill-equipped to handle the political contingencies in internationalization but also that the IB literature offers limited support in addressing political processes. They pose and offer guidance on three key questions: how do foundational IB theories incorporate politics; what are the contextual drivers of the politics of internationalization; and how do firms navigate and respond to the political environment? The Section continues with six articles on how political processes both support and impede internationalization; how political risk affects location decisions, and how this relationship is affected by legitimacy in host countries; how Chinese outward FDI policies affect cross-border M&As by privately-owned enterprises; how bilateral investment treaties add to the political capabilities of EMNEs and enhance their advantages in host countries; how home-country adverse political shocks affect the profitability of outward cross-border M&As; and how the political embeddedness of Chinese MNEs impacts their capacity to reverse transfer knowledge from their subsidiaries.

The first of the regular articles is provided by David Brock & Michael Hitt and entitled “Making sense of dynamic capabilities in international firms: review, analysis, integration, and extension.” The authors review the extant research on dynamic capabilities in the international context and identify six “meta dynamic capabilities” and six “strategic dynamic capabilities”. The article provides an excellent foundation to the forthcoming IBR Special Issue (submission deadline 31 March 2025) on “Multinational dynamic capabilities: how multinational, how dynamic, how capable?” that is being guest edited by David Brock, Michael Hitt, Michael Holmes, Duane Ireland & Kai Xu. We look forward to receiving plenty of submissions.

The remaining seven articles focus on whether subsidiary general managers are best recruited from outside or inside MNEs; MNEs' role in implementing the UN Sustainable Development Goals; how GVC participation influences the knowledge structure of SMEs; the design and governance of IJV innovation strategies; institutional obstacles, networking and SME exporting in emerging economies; the language choice dilemma for small international firms; and the impact of cultural context on the relationship between destructive leadership and followers’ task performance.

Best wishes

Roger Strange & Fang Lee Cooke (IBR Editors-in-Chief)

International Business Review

Volume 33, Issue 3, June 2024

Special Section on “Emerging Market Multinationals and the Politics of Internationalization”; Guest edited by Peter Gammeltoft & Andrei Panibratov.

Emerging market multinationals and the politics of internationalization

Peter Gammeltoft & Andrei Panibratov

Article 102278

Politically connected EMNCs in a (de)globalising world: A review and future research directions

Dongdong Huang, Lai Si Tsui-Auch, Marleen Dieleman & David Gomulya

Article 102196

Chinese SMEs’ location choice and political risk: The moderating role of legitimacy

Zibang Chen, Axèle Giroud, Asmund Rygh & Xia Han

Article 102199

More policy is not always effective policy: How policy coherence affects firm internationalization

Fredrik Utesch-Xiong, Gunnar Leymann & Sarianna M. Lundan

Article 102082

Emerging market multinationals and international investment agreements

Laura Gómez-Mera & Gonzalo Varela

Article 102252

Home country adverse political shocks and cross-border mergers and acquisitions financial performance of politically connected emerging market firms

Chenxi Zhou, Yameng Zhang & Maoliang Bu

Article 102175

Liability of political embeddedness in Chinese multinationals: Implications for headquarters’ roles and reverse knowledge transfer

Cong Su, Ulf Holm & Oscar Martín Martín

Article 102230

Regular Articles

Making sense of dynamic capabilities in international firms: Review, analysis, integration, and extension

David M. Brock & Michael A. Hitt

Article 102260

The origin and nationality of general manager successors in local-market-seeking MNE subsidiaries

Liang (Arthur) Li, Andreas P.J. Schotter & Paul W. Beamish

Article 102272

Evaluating MNEs’ role in implementing the UN Sustainable Development Goals: The importance of innovative partnerships

Leonidas C. Leonidou, Marios Theodosiou, Frode Nilssen, Pantelitsa Eteokleous & Angeliki Voskou

Article 102259

Shadow of the giant: How global value chain participation influences the knowledge structure of SMEs

Yimin Wang & Li Xin

Article 102270

Design and governance of international joint venture innovation strategy: Evidence from China

Jason Lu Jin & Liwen Wang

Article 102277

With a little help from my friends: Institutional obstacles, networking, and SME exporting in emerging European and Asian economies

Nebojša Stojčić, Marina Dabić & Martina Musteen

Article 102258

Exploring the language choice dilemma of international small firms: A social exchange perspective on English-only versus multilingualism

Sazzad Talukder & Wilhelm Barner-Rasmussen

Article 102257

An implicit leadership theory examination of cultural values as moderators of the relationship between destructive leadership and followers’ task performance

Katherine C. Alexander, Jeremy D. Mackey, Liam P. Maher, Charn P. McAllister & B. Parker Ellen