The Changing Strategies of International Business: How MNEs Manage in a Changing Commercial and Political Landscape

In: The Academy of International Business Ser.

In: Academy of International Business

Abstract

Intro -- Contents -- Notes on Contributors -- List of Figures -- List of Tables -- Part I: Risky Business: Multinationals, Governments and Political Risk -- 1: Legitimacy and Institutional Governance Infrastructure: Understanding Political Risk from a Chinese MNE Perspective -- Introduction -- Theoretical Background and Hypotheses -- Hypotheses Development -- Direct Effect of Host-Country Institutional Governance Infrastructure -- The Moderating Role of Legitimacy -- Chinese MNEs' Legitimacy with Host-Country Government -- Chinese MNEs' Legitimacy with Host-Country Industrial Agencies -- Chinese MNEs' Legitimacy with Host-Country General Public -- Sample and Data -- Measurements -- Chinese MNEs' Perceived Level of Host-Country Political Risk -- Host-Country Institutional Governance Infrastructure -- Chinese MNEs' Legitimacy with the Host-Country Government -- Chinese MNEs' Legitimacy in Host-Country Regulated Industries -- Chinese MNEs' Legitimacy with the Host-Country General Public -- Control Variables -- Results -- Common Method Bias -- Construct's Reliability and Validity -- Hypotheses Tests and Results -- Discussion -- Contributions -- Implications -- Limitations -- Conclusion -- References -- 2: Applying Theory to Understand How Multinational Firms Address Brexit -- Introduction -- Firm-Specific Assets, Competitive Advantages, Dynamic Capabilities and Ownership-Location-Internalization (OLI) Eclectic Paradigm of MNE Activity -- FSAs, Competitive Advantages, and Dynamic Capabilities -- OLI Eclectic Paradigm of MNE Activity -- Ownership-Specific Advantages (O) -- Location-Specific Advantages (L) -- Internalization-Specific Advantages (I) -- Relational Assets -- Relationship-Specific Competitive Advantages -- Social Capital -- Competitive Advantage Theoretical Frameworks -- Social Capital Theory -- Discussion of a Dynamic Framework.