共查询到20条相似文献,搜索用时 703 毫秒
1.
Real options and MNE strategies in Asia Pacific 总被引:1,自引:1,他引:0
Asia Pacific offers a lot of promising growth opportunities, but it also presents high levels of uncertainty for multinational
enterprises (MNEs). In this paper, we introduce real options theory as a theory of investment under uncertainty, and we discuss
its implications for MNEs and their strategies with a focus on the emerging economies in Asia Pacific. We suggest that MNEs
must recognize the various sources of uncertainty, as well as the various options embedded in their investments, and real
options theory can help them structure and design their investments to benefit from uncertainty. In particular, MNEs need
to develop the dynamic capabilities of managing real options in their investments to respond to the evolving economic and
institutional environment in the region. This paper also provides several implications for policy makers in Asia Pacific to
stimulate investment activities in the region and to help their firms venture successfully in the international market place.
Tony W. Tong is an Assistant Professor of Strategic Management at the Leeds School of Business at the University of Colorado. He obtained his Ph.D. from The Ohio State University. His current research applies real options theory to study firms’ corporate development activities and growth initiatives. His research in these areas has been published or accepted in journals such as the Academy of Management Journal, the Journal of International Business Studies, and Organization Science. Jing Li is an Assistant Professor of International Business at the Faculty of Business Administration at Simon Fraser University, Canada. Her research focuses on alliance activities in China, capability building of Chinese firms, and applications of real options theory to international strategy. Her research in these areas has appeared in the Journal of World Business, Advances in Strategic Management, and Managerial and Decision Economics. 相似文献
Jing LiEmail: |
Tony W. Tong is an Assistant Professor of Strategic Management at the Leeds School of Business at the University of Colorado. He obtained his Ph.D. from The Ohio State University. His current research applies real options theory to study firms’ corporate development activities and growth initiatives. His research in these areas has been published or accepted in journals such as the Academy of Management Journal, the Journal of International Business Studies, and Organization Science. Jing Li is an Assistant Professor of International Business at the Faculty of Business Administration at Simon Fraser University, Canada. Her research focuses on alliance activities in China, capability building of Chinese firms, and applications of real options theory to international strategy. Her research in these areas has appeared in the Journal of World Business, Advances in Strategic Management, and Managerial and Decision Economics. 相似文献
2.
In search of confidence: Context,collaboration, and constraints 总被引:7,自引:7,他引:0
The development of any field of scientific inquiry involves global scholarly conversations. While we agree with Meyer’s (2006)
key tenets, we extend his discussion of Asia management scholars’ need for self-confidence by exploring the role of context,
collaboration, and constraints in global scholarly discourse. In particular, we highlight the need for consideration of multi-level
context, the development of theories that are good for local stakeholders’ management practice and technology-facilitated
and super-institutional collaboration. We illustrate our arguments for the development, legitimization, and institutionalization
of Asia Pacific management research with examples from management and other scholarly disciplines in Australia, China, Europe,
and North America.
Xiaohua Yang (PhD, University of Kansas) is a Senior Lecturer in the School of Management at Queensland University of Technology. She leads the China study tour and has presented and published her work in leading management journals and conferences around the world. She has taught in the United States, Australia, Mainland China, and Taiwan and has lectured in Europe. She is a co-editor for Asia Pacific Journal of Management’s special issue on Varieties of Asian Capitalism: Indigenization and Internationalization. Her research interests are in the areas of global strategy, expatriate management and corporate social responsibility. Her current research is on internationalization of firms in emerging markets. Siri Terjesen (PhD, Cranfield University) is a Senior Lecturer in the Brisbane Graduate School of Business at Queensland University of Technology and a Research Fellow at the Max Planck Institute of Economics in Jena, Germany. She has published her international research in the Strategic Management Journal, Small Business Economics, and other journals. She is a member of Global Entrepreneurship Monitor. In the northern summers, she teaches entrepreneurship at the London School of Economics and Political Science, and Peking University. Her research interests include strategy and entrepreneurship. 相似文献
Siri TerjesenEmail: |
Xiaohua Yang (PhD, University of Kansas) is a Senior Lecturer in the School of Management at Queensland University of Technology. She leads the China study tour and has presented and published her work in leading management journals and conferences around the world. She has taught in the United States, Australia, Mainland China, and Taiwan and has lectured in Europe. She is a co-editor for Asia Pacific Journal of Management’s special issue on Varieties of Asian Capitalism: Indigenization and Internationalization. Her research interests are in the areas of global strategy, expatriate management and corporate social responsibility. Her current research is on internationalization of firms in emerging markets. Siri Terjesen (PhD, Cranfield University) is a Senior Lecturer in the Brisbane Graduate School of Business at Queensland University of Technology and a Research Fellow at the Max Planck Institute of Economics in Jena, Germany. She has published her international research in the Strategic Management Journal, Small Business Economics, and other journals. She is a member of Global Entrepreneurship Monitor. In the northern summers, she teaches entrepreneurship at the London School of Economics and Political Science, and Peking University. Her research interests include strategy and entrepreneurship. 相似文献
3.
Risk and capital structure in Asian project finance 总被引:1,自引:0,他引:1
Paul M. Vaaler Barclay E. James Ruth V. Aguilera 《Asia Pacific Journal of Management》2008,25(1):25-50
We develop and test hypotheses derived from a multi-level theoretical framework for understanding factors shaping the credit
risk and capital structure of a quintessentially Asian form of investment known as project finance. It differs from other
corporate financing approaches. A project company is separate and bankruptcy remote from the investing firm sponsors that
create it. The project company relies extensively on debt capital provided by creditors to fund project operations. Creditors
provide more (less) debt as a percentage of overall project capital when there is less (more) risk of project failure and
non-repayment. We define a target risk framework identifying country-, industry-, syndicate-, firm-, and project-related factors
shaping Asian project finance company credit risk and thus, project debt. In a sample of 238 project finance companies announced
in 13 Asian countries from 1995–2004, we observe substantial effects on project capital structure with respect to country-level
factors linked to institutional and macroeconomic theories, syndicate structure factors linked to agency theory, and lead
sponsor experience and project size factors linked to learning and transaction cost theories. We argue that these and other
determinants of project finance company credit risk and capital structure in Asia since the mid-1990s anticipate similar relationships
now emerging elsewhere around the globe.
Paul M. Vaaler (PhD, University of Minnesota) is associate professor of international business at the University of Illinois at Urbana-Champaign. He studies firm strategy and performance stability in turbulent industries. His current research focuses on risk and investment behavior by firms and individuals active in emerging-market countries experiencing economic and political modernization. Barclay James is a PhD candidate at the University of Illinois at Urbana-Champaign. He studies transaction cost economics in syndicate-based firms. His dissertation research examines the structure of project-finance companies in energy and extractive industries, and transaction cost factors affecting risk and contractual relationships between project syndicate members and project “off-takers” committed to buying project outputs at pre-set quantities and or prices. Ruth V. Aguilera (PhD, Harvard University) is associate professor of business administration at the University of Illinois at Urbana-Champaign. She studies comparative corporate governance regimes and institutional factors shaping international investment by firms. Her current research focuses on the social responsibility of firms under differing corporate governance regimes, and the impact of country regional groupings on firm investment decisions. 相似文献
Ruth V. AguileraEmail: |
Paul M. Vaaler (PhD, University of Minnesota) is associate professor of international business at the University of Illinois at Urbana-Champaign. He studies firm strategy and performance stability in turbulent industries. His current research focuses on risk and investment behavior by firms and individuals active in emerging-market countries experiencing economic and political modernization. Barclay James is a PhD candidate at the University of Illinois at Urbana-Champaign. He studies transaction cost economics in syndicate-based firms. His dissertation research examines the structure of project-finance companies in energy and extractive industries, and transaction cost factors affecting risk and contractual relationships between project syndicate members and project “off-takers” committed to buying project outputs at pre-set quantities and or prices. Ruth V. Aguilera (PhD, Harvard University) is associate professor of business administration at the University of Illinois at Urbana-Champaign. She studies comparative corporate governance regimes and institutional factors shaping international investment by firms. Her current research focuses on the social responsibility of firms under differing corporate governance regimes, and the impact of country regional groupings on firm investment decisions. 相似文献
4.
Feeling trusted by business leaders in China: Antecedents and the mediating role of value congruence 总被引:2,自引:1,他引:1
This paper examines the antecedents of felt trust, an under-explored area in the trust literature. We hypothesized that subordinates’
felt trust would relate positively with their leaders’ moral leadership behaviors and negatively with autocratic leadership
behaviors and demographic differences between leaders and themselves. We also hypothesized the above relationships to be mediated
by the leader-member value congruence. Results supported our hypotheses that value congruence mediated between autocratic
leadership behaviors and demographic differences and subordinates’ felt trust, but not moral leadership behaviors, which had
direct effects on subordinates’ perception of feeling trusted. Theoretical and practical implications are discussed.
Dora C. Lau (PhD, University of British Columbia) is an assistant professor of management at the Chinese University of Hong Kong. Her research interests include demographic diversity and faultlines, rational trust, team dynamics, chain store management, and Chinese management. Her current research projects include faultline dynamics in small teams, trust reciprocity within vertical dyads, and the relationship between leadership and trust networks. Jun Liu (PhD, Chinese University of Hong Kong) is an assistant professor in the OB and HR Department, School of Business, Renmin University of China. His research interests include leadership, psychological contact and research methods in managament. Ping Ping Fu (PhD, State University of New York, Albany) is an associate professor of management at the Chinese University of Hong Kong. Her research interests are mainly in executive leadership. She is the coordinator for the Chinese part of the Global Leadership and Organizational Effectiveness (GLOBE) project. 相似文献
Ping Ping FuEmail: |
Dora C. Lau (PhD, University of British Columbia) is an assistant professor of management at the Chinese University of Hong Kong. Her research interests include demographic diversity and faultlines, rational trust, team dynamics, chain store management, and Chinese management. Her current research projects include faultline dynamics in small teams, trust reciprocity within vertical dyads, and the relationship between leadership and trust networks. Jun Liu (PhD, Chinese University of Hong Kong) is an assistant professor in the OB and HR Department, School of Business, Renmin University of China. His research interests include leadership, psychological contact and research methods in managament. Ping Ping Fu (PhD, State University of New York, Albany) is an associate professor of management at the Chinese University of Hong Kong. Her research interests are mainly in executive leadership. She is the coordinator for the Chinese part of the Global Leadership and Organizational Effectiveness (GLOBE) project. 相似文献
5.
Varieties of export-oriented entrepreneurship in Asia 总被引:2,自引:2,他引:0
This paper explores differences in the proportion of export-oriented early-stage entrepreneurial activity in 12 Asian countries.
Drawing on varieties of capitalism theory, we find that Asian countries with high quality institutions are more likely to
have higher proportions of young export-oriented firms. However, analysis on a 51 country data set indicates that Asian countries
have significantly fewer young export-oriented firms than do non-Asian countries. Furthermore, the multi-country study reveals
that countries with higher proportions of export-oriented entrepreneurial activity tend to have flexible industrial relations,
high quality vocational training, and confrontational labor–employer relations, however the proportion of export-oriented
new ventures is not related to the quality of corporate governance and inter-firm relations.
Siri Terjesen (PhD, Cranfield University) is an assistant professor in the Management and Entrepreneurship Department at the Kelley School of Business at Indiana University. Concurrently, she is a visiting research fellow at the Max Planck Institute of Economics in Jena, Germany. Her primary research interests are international entrepreneurship and strategic management. She has published in journals including Strategic Management Journal, Small Business Economics, Journal of Business Ethics, Entrepreneurship Theory & Practice and Venture Capital and is co-author (with Anne Huff, Steve Floyd and Hugh Sherman) of Strategic Management. Jolanda Hessels (PhD, Erasmus University Rotterdam) is an assistant professor at the Erasmus School of Economics and a researcher at EIM Business and Policy in Zoetermeer. Her research interests include internationalization of SMEs, international new ventures and cross-country comparisons of entrepreneurship. Her work has been published in several journals including Small Business Economics as well as book chapters. Jolanda is the project coordinator of the Global Entrepreneurship Monitor (GEM) for the Netherlands. 相似文献
Jolanda HesselsEmail: |
Siri Terjesen (PhD, Cranfield University) is an assistant professor in the Management and Entrepreneurship Department at the Kelley School of Business at Indiana University. Concurrently, she is a visiting research fellow at the Max Planck Institute of Economics in Jena, Germany. Her primary research interests are international entrepreneurship and strategic management. She has published in journals including Strategic Management Journal, Small Business Economics, Journal of Business Ethics, Entrepreneurship Theory & Practice and Venture Capital and is co-author (with Anne Huff, Steve Floyd and Hugh Sherman) of Strategic Management. Jolanda Hessels (PhD, Erasmus University Rotterdam) is an assistant professor at the Erasmus School of Economics and a researcher at EIM Business and Policy in Zoetermeer. Her research interests include internationalization of SMEs, international new ventures and cross-country comparisons of entrepreneurship. Her work has been published in several journals including Small Business Economics as well as book chapters. Jolanda is the project coordinator of the Global Entrepreneurship Monitor (GEM) for the Netherlands. 相似文献
6.
Change and continuity in Japanese corporate governance 总被引:7,自引:5,他引:2
Previous studies on Japanese corporate governance were largely based on the agency theory framework, and can be seen as attempts
to understand the unique monitoring mechanisms in the Japanese context. This paper briefly reviews prior research and then
discusses the recent changes in the environment that have been affecting Japanese corporate governance. Our central argument
is that there is both change and continuity in Japanese Corporate Governance. We also present emerging research from an institutional
theory perspective. In this line of research, corporate governance is treated as part of a nation’s institutional framework
and hence, researchers need to understand unique institutional arrangements that affect corporate governance practices and
their change or continuity.
Toru Yoshikawa (PhD, York University) is Associate Professor of International Business and Strategic Management at DeGroote School of Business, McMaster University. His main research interest is corporate governance, especially its relation to corporate strategy and performance in large publicly listed firms and in family-owned firms. His research has been published or is forthcoming in such journals as the Strategic Management Journal, Organization Science, Academy of Management Journal, Journal of Management, Journal of Business Venturing, and Asia Pacific Journal of Management. This is Professor Yoshikawa’s 4th contribution to APJM. Jean McGuire (PhD, Cornell University) is the William Rucks IV Professor of Management at the E. J. Ourso College of Business, Louisiana State University. Her research interests are corporate governance, including executive compensation, transparency and disclosure, and patterns of ownership. Her research has appeared or is forthcoming in such journals as the Academy of Management Journal, Organization Science, Journal of International Business Studies, Journal of Management, and Asia Pacific Journal of Management. This is Professor McGuire’s 2nd contribution to APJM. 相似文献
Jean McGuireEmail: |
Toru Yoshikawa (PhD, York University) is Associate Professor of International Business and Strategic Management at DeGroote School of Business, McMaster University. His main research interest is corporate governance, especially its relation to corporate strategy and performance in large publicly listed firms and in family-owned firms. His research has been published or is forthcoming in such journals as the Strategic Management Journal, Organization Science, Academy of Management Journal, Journal of Management, Journal of Business Venturing, and Asia Pacific Journal of Management. This is Professor Yoshikawa’s 4th contribution to APJM. Jean McGuire (PhD, Cornell University) is the William Rucks IV Professor of Management at the E. J. Ourso College of Business, Louisiana State University. Her research interests are corporate governance, including executive compensation, transparency and disclosure, and patterns of ownership. Her research has appeared or is forthcoming in such journals as the Academy of Management Journal, Organization Science, Journal of International Business Studies, Journal of Management, and Asia Pacific Journal of Management. This is Professor McGuire’s 2nd contribution to APJM. 相似文献
7.
The impact of state shares on corporate innovation strategy and performance in China 总被引:4,自引:2,他引:2
This paper examines the impact of state shares on corporate innovation strategy and performance in the People’s Republic of
China (PRC). Through an investigation of 541 publicly traded companies in five high-tech industries during the period between
2000 and 2005, we find that the presence of state shares have a positive effect on the corporate choice of a process innovation
strategy over a product innovation one. However, this relationship is moderated by the overall ownership concentration ratio.
Moreover, our findings suggest that companies with large state shares prefer to conduct innovations independently rather than
collaboratively with others, and they usually achieve better innovation performance. These findings indicate that the government
play a role as both an investor and a resource allocation coordinator and therefore complicate the relationship between ownership
structure and corporate innovation activities.
Erming Xu (PhD, Renmin University of China) is a professor of management at the School of Business in Renmin University of China. His research interests include corporate governance mechanisms and performance in China, state shares with corporate innovation strategy, Asian business strategy in the emerging markets. His work has appeared in premier journals such as Management World, China Industrial Economy, etc. He is editor of Management Review, Nankai Business Review, R&D Management, Chinese Journal of Management, and Economic Management. He serves as the associate chair of the Chinese Academy of Business Management, and also an independent director of China Telecom Corporation Limited. Han Zhang (PhD, Capital University of Economics and Business) is a lecturer of management at School of Business Management in Capital University of Economics and Business. Her research interests include strategic management and innovation. Her work has appeared in Economic Theory and Business Management and Contemporary Finance & Economics. 相似文献
Han Zhang (Corresponding author)Email: |
Erming Xu (PhD, Renmin University of China) is a professor of management at the School of Business in Renmin University of China. His research interests include corporate governance mechanisms and performance in China, state shares with corporate innovation strategy, Asian business strategy in the emerging markets. His work has appeared in premier journals such as Management World, China Industrial Economy, etc. He is editor of Management Review, Nankai Business Review, R&D Management, Chinese Journal of Management, and Economic Management. He serves as the associate chair of the Chinese Academy of Business Management, and also an independent director of China Telecom Corporation Limited. Han Zhang (PhD, Capital University of Economics and Business) is a lecturer of management at School of Business Management in Capital University of Economics and Business. Her research interests include strategic management and innovation. Her work has appeared in Economic Theory and Business Management and Contemporary Finance & Economics. 相似文献
8.
National and corporate culture differences in international strategic alliances: Perceptions of Chinese partners 总被引:3,自引:3,他引:0
We consider the effect of national culture and corporate culture differences on the management of international strategic
alliances (ISAs). Findings are based on the perceptions of a relatively large sample of Chinese partner firms in ISAs with
foreign partners. We find that differences in national culture and corporate culture have contributed to a similar extent
to differing views on ISA management. However, findings indicate that differences in national culture and corporate culture
have a differential impact on aspects of ISA management. Perception of national culture and corporate culture differences
and the contribution of those differences to differing views on the management of ISAs are greater in relatively younger ISAs
compared with older ISAs. Managers in equity-based ISAs report fewer problems with culture related impediments to managing
ISAs than managers in non-equity-based ISAs.
Li Dong is a Lecturer in International Business at School of Management, Royal Holloway, University of London. He received his MSc in International Management from University of Reading, UK. He previously worked in a major global bank in China, and holds a professional certification in International Banking. His current research interests include strategic and managerial issues pertaining to international strategic alliances, the management of multinational enterprises, direct foreign investment, and business strategies in China. Keith W. Glaister is Dean of the Management School, University of Sheffield, and Professor of International Strategic Management. His main research focus is on the analysis of the formation, partner selection, management and performance of international joint ventures and strategic alliances. 相似文献
Keith W. GlaisterEmail: |
Li Dong is a Lecturer in International Business at School of Management, Royal Holloway, University of London. He received his MSc in International Management from University of Reading, UK. He previously worked in a major global bank in China, and holds a professional certification in International Banking. His current research interests include strategic and managerial issues pertaining to international strategic alliances, the management of multinational enterprises, direct foreign investment, and business strategies in China. Keith W. Glaister is Dean of the Management School, University of Sheffield, and Professor of International Strategic Management. His main research focus is on the analysis of the formation, partner selection, management and performance of international joint ventures and strategic alliances. 相似文献
9.
Meta-analyzing ownership concentration and firm performance in Asia: Towards a more fine-grained understanding 总被引:11,自引:11,他引:0
Pursey?P.?M.?A.?R.?Heugens Marc?van?Essen J.? van?Oosterhout 《Asia Pacific Journal of Management》2009,26(3):481-512
We present a meta-analysis of the relationship between concentrated ownership and firm financial performance in Asia. At the
cross-national level of analysis, we find a small but significant positive association between both variables. This finding
suggests that in regions with less than perfect legal protection of minority shareholders, ownership concentration is an efficient
corporate governance strategy. Yet, a focus on this aggregate effect alone conceals the existence of true heterogeneity in
the effect size distribution. We purposefully model this heterogeneity by exploring moderating effects at the levels of owner
identity and national institutions. Regarding owner identity, we find that our focal relationship is stronger for foreign
than for domestic owners, and that pure “market” investors outperform “stable” or “inside” owners whom are multiply tied to
the firm. Regarding institutions, we find that a certain threshold level of institutional development is necessary to make
concentrated ownership an effective corporate governance strategy. Yet we also find that strong legal protection of shareholders
makes ownership concentration inconsequential and therefore redundant. Finally, in jurisdictions where owners can easily extract
private benefits from the corporations they control, the focal relationship becomes weaker, presumably due to minority shareholder
expropriation.
Pursey P. M. A. R. Heugens (PhD, Erasumus University) is a professor of organization theory at the Rotterdam School of Management, Erasmus University. His research interests include bureaucracy and institutional theories of organization, comparative corporate governance, and business ethics. Marc van Essen is a PhD student at the Rotterdam School of Management, Erasmus University. He holds an MSc degree in economics and law from Utrecht University. His research interests include shareholder activism, comparative corporate governance, and meta-analytic research methods. J. (Hans) van Oosterhout (PhD, Erasumus University) is a professor of corporate governance and responsibility at the Rotterdam School of Management, Erasmus University. His research interests include the positive and normative theory of organizations and institutions, comparative corporate governance and management and governance of professional service firms. 相似文献
J. (Hans) van OosterhoutEmail: |
Pursey P. M. A. R. Heugens (PhD, Erasumus University) is a professor of organization theory at the Rotterdam School of Management, Erasmus University. His research interests include bureaucracy and institutional theories of organization, comparative corporate governance, and business ethics. Marc van Essen is a PhD student at the Rotterdam School of Management, Erasmus University. He holds an MSc degree in economics and law from Utrecht University. His research interests include shareholder activism, comparative corporate governance, and meta-analytic research methods. J. (Hans) van Oosterhout (PhD, Erasumus University) is a professor of corporate governance and responsibility at the Rotterdam School of Management, Erasmus University. His research interests include the positive and normative theory of organizations and institutions, comparative corporate governance and management and governance of professional service firms. 相似文献
10.
Regional multinationals and the Korean cosmetics industry 总被引:4,自引:1,他引:3
This paper analyzes the market penetration and expansion strategy of cosmetics and toiletries multinational enterprises (MNEs)
in South Korea from the perspective of regional strategy as developed recently by Rugman. We find that MNEs have different
market entry and expansion strategies in the home region and in the foreign region. Home region MNEs (Japanese MNEs in this
case), in general, utilize their firm-specific advantages (FSAs) better than foreign region MNEs (European and MNEs from the
Americas in this case). Due to differences in transaction costs, home region MNEs exploit downstream FSAs while foreign region
MNEs develop upstream FSAs. Market similarity also leads to a greater incentive to operate in the home region rather than
in foreign regions. The home region effect significantly increases the likelihood of entry into foreign markets as the host
country's “diamond” significantly affects the market entry strategies of MNEs.
Chang Hoon Oh is a PhD candidate at the Kelley School of Business, Indiana University. His research interests center on the market penetration strategies, learning and financial performance of multinationals. He will become an assistant professor of international business and strategy at Brock University, Canada, in summer 2007. Alan M. Rugman is the L. Leslie Waters Chair of International Business at the Kelley School of Business, Indiana University, where he is professor of international business and professor of business economics and public policy and director of the IU CIBER. He is president of the Academy of International Business, 2004–2006. He has been Thames Water Fellow in strategic management at Templeton College, University of Oxford. (). 相似文献
Alan M. RugmanEmail: URL: http://www.kelley.indiana.edu/rugman |
Chang Hoon Oh is a PhD candidate at the Kelley School of Business, Indiana University. His research interests center on the market penetration strategies, learning and financial performance of multinationals. He will become an assistant professor of international business and strategy at Brock University, Canada, in summer 2007. Alan M. Rugman is the L. Leslie Waters Chair of International Business at the Kelley School of Business, Indiana University, where he is professor of international business and professor of business economics and public policy and director of the IU CIBER. He is president of the Academy of International Business, 2004–2006. He has been Thames Water Fellow in strategic management at Templeton College, University of Oxford. (). 相似文献
11.
The adolescence of Asia management research: <Emphasis Type="Italic">APJM</Emphasis>, 1997–2006 总被引:3,自引:3,他引:0
Erin G. Pleggenkuhle-Miles Ramya R. Aroul Sunny Li Sun Yu-Shan Su 《Asia Pacific Journal of Management》2007,24(4):467-489
In this article we reflect on the adolescent years of Asia management research published in the Asia Pacific Journal of Management (APJM) by reviewing work published in the past 10 years (1997–2006). We report that during the last decade, APJM has published 223 research articles, written by 373 different authors, who are affiliated with 203 different institutions.
Our discussion of the future of Asia management research is guided by Kuhn’s (Kuhn, T. S. The structure of scientific revolutions. Chicago: University of Chicago Press, 1962) perspective on the nonlinear progression of science. We argue that as a growing
community, Asia management research is finding its “identity” and establishing its presence in the larger worldwide management
research community. Following our analysis, we conclude that the growth of Asia management research—as captured by APJM publications—throughout its “adolescent” years has set forth a challenging and exciting path for the future.
All authors contributed equally. We thank Mike Peng (Editor-in-Chief) for his encouragement and advice. This work was completed
when Yu-Shan Su was a Fulbright visiting scholar at the University of Texas at Dallas (UTD). She thanks the Fulbright Association
and the Taiwanese Ministry of Education for partially funding this work.
Erin G. Pleggenkuhle-Miles is a PhD student in International Management Studies at the University of Texas at Dallas. Her research interests include institutional effects on firm strategies and rural entrepreneurship. Ramya R. Aroul is a PhD student in International Management Studies at the University of Texas at Dallas. Her research interests include organization strategy and evolution of new industries in emerging economies and rural entrepreneurship. Sunny Li Sun is a PhD student in International Management Studies at the University of Texas at Dallas. His research interests include strategy on internationalization, M&A, alliance network and innovation. Yu-Shan Su (PhD, National Taiwan University) is Assistant Professor of International Business at Chang Jung Christian University, Tainan, Taiwan. During 2006–07, she was a Fulbright visiting scholar at the University of Texas at Dallas. Her research interests are innovation and knowledge management in organizations and R&D management in the biotechnology and pharmaceutical industry. 相似文献
Erin G. Pleggenkuhle-MilesEmail: |
Ramya R. AroulEmail: |
Sunny Li SunEmail: |
Yu-Shan Su (Corresponding author)Email: |
Erin G. Pleggenkuhle-Miles is a PhD student in International Management Studies at the University of Texas at Dallas. Her research interests include institutional effects on firm strategies and rural entrepreneurship. Ramya R. Aroul is a PhD student in International Management Studies at the University of Texas at Dallas. Her research interests include organization strategy and evolution of new industries in emerging economies and rural entrepreneurship. Sunny Li Sun is a PhD student in International Management Studies at the University of Texas at Dallas. His research interests include strategy on internationalization, M&A, alliance network and innovation. Yu-Shan Su (PhD, National Taiwan University) is Assistant Professor of International Business at Chang Jung Christian University, Tainan, Taiwan. During 2006–07, she was a Fulbright visiting scholar at the University of Texas at Dallas. Her research interests are innovation and knowledge management in organizations and R&D management in the biotechnology and pharmaceutical industry. 相似文献
12.
Asli M. Colpan 《Asia Pacific Journal of Management》2008,25(4):635-665
This study examines the dynamic relationships between product and international diversification, keiretsu financing, and economic
performance of the listed firms in Japan’s textile industry. Panel data analysis shows that the performance effects of those
strategic factors are contingent on macroeconomic environments, rather than showing consistent relationships. The potentially
positive or negative effects of particular diversification strategies and keiretsu financing are neutralized in the munificent
environments, as exogenous macroeconomic factors overwhelm endogenous decision-making by the management. In the scarce setting,
by contrast, it is those strategic factors that influence financial outcomes. Keiretsu financing moderates the relationship
between international diversification strategy and profitability positively only during times of economic scarcity.
Asli M. Colpan (PhD, Kyoto Institute of Technology and Kyoto University) is currently Research Fellow at the Institute for Technology, Enterprise and Competitiveness, Doshisha University and Senior Research Associate at the Graduate School of Management, Kyoto University. Her research interests include corporate strategy, corporate governance and especially the evolution of large enterprises in industrial and emerging economies. Her work has been published in such journals as Industrial and Corporate Change, Asian Business and Management and The Kyoto Economic Review. 相似文献
Asli M. ColpanEmail: |
Asli M. Colpan (PhD, Kyoto Institute of Technology and Kyoto University) is currently Research Fellow at the Institute for Technology, Enterprise and Competitiveness, Doshisha University and Senior Research Associate at the Graduate School of Management, Kyoto University. Her research interests include corporate strategy, corporate governance and especially the evolution of large enterprises in industrial and emerging economies. Her work has been published in such journals as Industrial and Corporate Change, Asian Business and Management and The Kyoto Economic Review. 相似文献
13.
The growth of outward investment from China has generated expressions of concern from policymakers in the United States regarding
the economic and national security impacts of such investments. While inward foreign direct investment (FDI) has come to be
viewed by most observers as generally imparting net economic benefits to the host economy, acquisitions of US companies by
Chinese multinational companies (MNCs) have been criticized on several grounds. One is based on the mode of entry itself:
some critics believe that entry by acquisition brings lower benefits than greenfield entry. A second and more prominent concern
is that acquisitions of US companies by Chinese state-owned enterprises (SOEs) may be motivated by non-commercial objectives
which, in turn, make those acquisitions of questionable value to the host economy. In this paper, we argue that Chinese FDI
in the United States is more likely to take the form of acquisitions than greenfield investments for the foreseeable future.
However, there is no strong case to be made that the host country economic benefits from Chinese FDI would be larger if entry
took place primarily through greenfield investments. Furthermore, most of the alleged costs to the US economy from inward
FDI from China are either unlikely to occur or are already anticipated by existing US laws and regulations, thus necessitating
no additional, specific legislation.
Steve Globerman (PhD, New York University) is the Kaiser Professor of International Business in the College of Business and Economics at Western Washington University. His research interests focus on international trade and direct investment determinants and effects, as well as public policies toward trade and direct investment. He has published widely on these and other topics and has consulted for various companies and international organizations including The World Bank and the OECD. Daniel Shapiro (PhD, Cornell University) is the Dean and Lohn Professor in the Faculty of Business Administration, Simon Fraser University. His research focuses on MNEs and foreign direct investment, corporate performance and strategy, and corporate ownership and governance. His research has been published in Strategic Management Journal, Academy of Management Journal, Journal of International Business Studies, and Journal of Industrial Economics, among others. He has served as a consultant to various organizations in the public and private sectors in the areas of foreign investment, mergers, competition policy, strategy and industrial policy. 相似文献
Daniel ShapiroEmail: |
Steve Globerman (PhD, New York University) is the Kaiser Professor of International Business in the College of Business and Economics at Western Washington University. His research interests focus on international trade and direct investment determinants and effects, as well as public policies toward trade and direct investment. He has published widely on these and other topics and has consulted for various companies and international organizations including The World Bank and the OECD. Daniel Shapiro (PhD, Cornell University) is the Dean and Lohn Professor in the Faculty of Business Administration, Simon Fraser University. His research focuses on MNEs and foreign direct investment, corporate performance and strategy, and corporate ownership and governance. His research has been published in Strategic Management Journal, Academy of Management Journal, Journal of International Business Studies, and Journal of Industrial Economics, among others. He has served as a consultant to various organizations in the public and private sectors in the areas of foreign investment, mergers, competition policy, strategy and industrial policy. 相似文献
14.
This study examines the role of top management team (TMT) member succession in breaking organizational inertia. We compare
the impact of two types of change in TMTs—in member number and demographic heterogeneity—on subsequent strategic reorientation
using data on the diversification activities of firms in the Japanese textile industry. Our findings suggest that executive
succession does not trigger strategic change unless succession entails change in the values and interests of executives embedded
in their demographic traits.
Riu Yokota (MS, University of Tsukuba) is an independent researcher in Japan. His research interests include executive succession, strategic change, and business ethics in organizations. Hitoshi Mitsuhashi (Ph.D. Cornell University) is an associate professor of organization studies at University of Tsukuba in Japan. His research interests include interorganizational relations, strategic change, and industry evolution. 相似文献
Hitoshi MitsuhashiEmail: |
Riu Yokota (MS, University of Tsukuba) is an independent researcher in Japan. His research interests include executive succession, strategic change, and business ethics in organizations. Hitoshi Mitsuhashi (Ph.D. Cornell University) is an associate professor of organization studies at University of Tsukuba in Japan. His research interests include interorganizational relations, strategic change, and industry evolution. 相似文献
15.
A growing number of Western-educated management PhD graduates are starting their academic career in Chinese business schools.
While opportunities are abundant for these returnees, they also face the choice between developing internationally transferable
assets and building locally embedded competences. Some possible solutions are discussed, at both personal and institutional
levels.
Dean Xu (PhD, York University) is an associate professor of strategy and international business at School of Business, the University of Hong Kong. Previously, he was on the faculty of Guanghua School of Management, Peking University. His research interests include multinational enterprises, Chinese firm strategy, and the competitive advantages of foreign and local firms in China. His research has been published or accepted at the Academy of Management Review, Journal of International Business Studies, Journal of Management, Strategic Management Journal, and other management journals. 相似文献
Dean XuEmail: |
Dean Xu (PhD, York University) is an associate professor of strategy and international business at School of Business, the University of Hong Kong. Previously, he was on the faculty of Guanghua School of Management, Peking University. His research interests include multinational enterprises, Chinese firm strategy, and the competitive advantages of foreign and local firms in China. His research has been published or accepted at the Academy of Management Review, Journal of International Business Studies, Journal of Management, Strategic Management Journal, and other management journals. 相似文献
16.
The development of entrepreneurship in China 总被引:2,自引:1,他引:1
In this paper, we provide an overview of the extant research on the development of entrepreneurship in China. This research
focus is a relatively recent phenomenon since China’s market transition started from late 1978. We review the literature over
the 26 years from 1980 through 2005, as published in 11 leading English-language academic journals. We identify 68 articles
from this review and analyze them based on the research subjects, methods, and firm types. From this review, and integrating
with research on market transitions, we propose a three-stage model of market transitions that has important implications
for entrepreneurship research in transition economies.
Jing Yu Yang (PhD, Hong Kong University of Science & Technology) is Assistant professor of international business discipline at The University of Sydney. Her current research interests include management and organization issues in emerging economies, entrepreneurship, MNC strategy, organizational learning and change, and inter-firm networks. Jiaotao Li (PhD, University of Texas at Dallas) is Professor and Head of the Department of Management of Organizations, Hong Kong University of Science and Technology. His current research interests are in the areas of strategy, organization theory, and entrepreneurship, with a focus on issues related to global firms and those from emerging economies. Professor Li has published in journals such as The Academy of Management Journal, The Strategic Management Journal, Organization Science, and Journal of International Business Studies. 相似文献
Jiatao LiEmail: |
Jing Yu Yang (PhD, Hong Kong University of Science & Technology) is Assistant professor of international business discipline at The University of Sydney. Her current research interests include management and organization issues in emerging economies, entrepreneurship, MNC strategy, organizational learning and change, and inter-firm networks. Jiaotao Li (PhD, University of Texas at Dallas) is Professor and Head of the Department of Management of Organizations, Hong Kong University of Science and Technology. His current research interests are in the areas of strategy, organization theory, and entrepreneurship, with a focus on issues related to global firms and those from emerging economies. Professor Li has published in journals such as The Academy of Management Journal, The Strategic Management Journal, Organization Science, and Journal of International Business Studies. 相似文献
17.
Mingfang Li Kannan Ramaswamy Barbara S. Pécherot Petitt 《Asia Pacific Journal of Management》2006,23(4):439-452
Drawing from transaction cost economics and strategic management, this paper develops a series of propositions that link market
failure with corporate strategy. In doing so, the paper focuses on both vertical and horizontal strategies as strategic approaches
that could be used to address different types of market failure. The significant contribution of the paper lies in its deconstruction
of the various types of market failure and developing a theoretically grounded set of propositions that identifies appropriate
corporate strategic responses that can be used to ameliorate the negative consequences of each type of failure. In doing so
it also explores the evolution of business groups and the viability of strategic choices that groups are likely to make as
they navigate the emerging market terrain.
Mingfang Li (PhD, Virginia Polytechnic Institute and State University) is Professor of Management at California State University, Northridge. He also is Distinguished Visiting Professor at Hohai University, Nanjing, China, and Visiting Professor at Xian Jiaotong University, Xian, China. Mingfang Li’s research and teaching focus on strategic management, global strategy, and technology and innovation management. His recent research examines strategies from emerging economies. Mingfang Li taught at various executive seminars in China, and delivered talks at various business programs. Kannan Ramaswamy (PhD, Virginia Polytechnic Institute and State University) is William D. Hacker Chair Professor of Management at Thunderbird. His current research interests focus on issues of critical relevance to emerging markets such as the evolution of multinationals from developing countries and the role of business groups in emerging markets. Parallel with his research interests, his teaching assignments cover similar topics within the realm of global strategy. He has taught in executive development programs for many of the world’s leading companies and also in academic programs at several global institutions. Barbara S. Pécherot Petitt (PhD, University of Grenoble, France) is Associate Professor of Finance at CERAM Sophia Antipolis. Previously she was Assistant Professor of Finance at Thunderbird. She specializes in corporate finance, valuation, mergers, and acquisitions. Prior to joining Thunderbird, she spent two years with Financial Services Management Development Limited as a consultant, and worked for several banks and companies in London and abroad. 相似文献
Barbara S. Pécherot PetittEmail: |
Mingfang Li (PhD, Virginia Polytechnic Institute and State University) is Professor of Management at California State University, Northridge. He also is Distinguished Visiting Professor at Hohai University, Nanjing, China, and Visiting Professor at Xian Jiaotong University, Xian, China. Mingfang Li’s research and teaching focus on strategic management, global strategy, and technology and innovation management. His recent research examines strategies from emerging economies. Mingfang Li taught at various executive seminars in China, and delivered talks at various business programs. Kannan Ramaswamy (PhD, Virginia Polytechnic Institute and State University) is William D. Hacker Chair Professor of Management at Thunderbird. His current research interests focus on issues of critical relevance to emerging markets such as the evolution of multinationals from developing countries and the role of business groups in emerging markets. Parallel with his research interests, his teaching assignments cover similar topics within the realm of global strategy. He has taught in executive development programs for many of the world’s leading companies and also in academic programs at several global institutions. Barbara S. Pécherot Petitt (PhD, University of Grenoble, France) is Associate Professor of Finance at CERAM Sophia Antipolis. Previously she was Assistant Professor of Finance at Thunderbird. She specializes in corporate finance, valuation, mergers, and acquisitions. Prior to joining Thunderbird, she spent two years with Financial Services Management Development Limited as a consultant, and worked for several banks and companies in London and abroad. 相似文献
18.
Adoption of professional management in Chinese family business: A multilevel analysis of impetuses and impediments 总被引:3,自引:3,他引:0
Building upon the market, institutional, and cultural perspectives, this paper identifies the major impetuses and impediments
that affect the professionalization of Chinese family business at the environment, firm, and owner levels. Our integrative
framework projects that whether a family business owner will adopt professional managers is largely determined by the relative
strength of impetus factors and impediment factors. We then discuss the possible governance choices under different configuration
of impetuses and impediments. This theoretical framework is expected to help set the momentum for further conceptual exploration
and empirical study in this area.
Jianjun Zhang (PhD, University of California at Berkeley) is an assistant professor at Guanghua School of Management, Peking University. His interests include entrepreneurship, firm governance, and political strategy of Chinese private firms. He is the author of Marketization and democracy in China and a number of articles. Hao Ma (PhD, University of Texas at Austin) is a professor of management at University of Illinois at Springfield, and professor of management and director of Academic Committee at Beijing International MBA Program, China Center for Economic Research, Peking University. His research interests include the nature and cause of competitive advantage, competitive analysis, strategic decision making, leadership style, and the entrepreneurial process, especially the exploration of the above topics in international setting. He has published in Academy of Management Review, Journal of Business Venturing, Journal of International Management, and Organization Dynamics, among others. 相似文献
Hao MaEmail: |
Jianjun Zhang (PhD, University of California at Berkeley) is an assistant professor at Guanghua School of Management, Peking University. His interests include entrepreneurship, firm governance, and political strategy of Chinese private firms. He is the author of Marketization and democracy in China and a number of articles. Hao Ma (PhD, University of Texas at Austin) is a professor of management at University of Illinois at Springfield, and professor of management and director of Academic Committee at Beijing International MBA Program, China Center for Economic Research, Peking University. His research interests include the nature and cause of competitive advantage, competitive analysis, strategic decision making, leadership style, and the entrepreneurial process, especially the exploration of the above topics in international setting. He has published in Academy of Management Review, Journal of Business Venturing, Journal of International Management, and Organization Dynamics, among others. 相似文献
19.
Sea-Jin Chang 《Asia Pacific Journal of Management》2006,23(4):407-417
Business groups played an important role in the economic development of East Asian countries. Yet business groups in East
Asia face an uncertain future. Following the Asian Crisis, foreign creditors and investors have demanded that business groups
have more transparent operations and stronger corporate governance. At the same time, as governments in East Asia have loosened
trade barriers, business groups have become subject to intense competition in domestic markets. This paper argues that business
groups can survive or even prosper by taking initiatives in corporate restructuring. This paper also highlights some areas
for further research on business groups in this region.
Sea-Jin Chang is currently Kumho Asiana Group Chaired Professor of Business Administration, Korea University. He received his PhD in management from the Wharton School of the University of Pennsylvania. Previously, he was a faculty member of New York University. He also had visiting appointments at Stanford, INSEAD, and London Business School. Professor Chang is primarily interested in the management of diversified multinational enterprises. His research interests include diversification, corporate restructuring, foreign direct investment organizational learning, corporate growth through joint ventures and acquisitions, and comparative management studies of Japan, Korea and China. 相似文献
Sea-Jin ChangEmail: |
Sea-Jin Chang is currently Kumho Asiana Group Chaired Professor of Business Administration, Korea University. He received his PhD in management from the Wharton School of the University of Pennsylvania. Previously, he was a faculty member of New York University. He also had visiting appointments at Stanford, INSEAD, and London Business School. Professor Chang is primarily interested in the management of diversified multinational enterprises. His research interests include diversification, corporate restructuring, foreign direct investment organizational learning, corporate growth through joint ventures and acquisitions, and comparative management studies of Japan, Korea and China. 相似文献
20.
Our study investigates the effect of Japanese horizontal keiretsu group membership on firm risk and return. Like prior studies,
our results show that horizontal keiretsu membership has a negative effect on firm profitability. However, we find that horizontal
keiretsu networks are likely to increase the gap between targeted and realized returns, which we call the outcome–aspiration gap. Moreover, in contrast to prior studies, our results indicate that keiretsu membership does not enable member firms to reduce
risks by smoothing profitability. Instead, our findings provide evidence that is counter to the conventional notion that Japanese
horizontal keiretsu allows their member firms to trade off profits for reduced risk.
Takehiko Isobe is Professor of Management at the Research Institute for Economics and Business Administration, Kobe University. He received his PhD from Keio University. His research interests include the effects of search behavior and strategic changes on corporate performance. He has published his research in the Academy of Management Journal, Strategic Management Journal, and Journal of International Business Studies. His research received the 2004 Best Paper Awards from the Asia Academy of Management. Shige Makino is Professor at the Department of Management in the Chinese University of Hong Kong. He received his PhD from the Richard Ivey School of Business, University of Western Ontario. His current research focuses on investigating the effects of non-economic factors on economic activities in international business practices. His research has appeared in leading journals such as Academy of Management Journal, Asia Pacific Journal of Management, Journal of International Business Studies, Strategic Management Journal, and Organization Science among others. He is the vice president of the Association of Japanese Business Studies and has been serving as editorial board member in many international journals. Anthony Goerzen earned his PhD from the Richard Ivey School of Business, University of Western Ontario. His research interests center on multinational enterprises, more specifically the organizational and performance effects of interfirm networks, cross-border alliances, and geographic locations. He has published his research in the Strategic Management Journal, Management International Review, Academy of Management Executive, and Journal of Small Business and Entrepreneurship. Aside from several book chapters, he has also written a book entitled Networks and Location based on his doctoral thesis which won the Udayan Rege Best Dissertation Award 2000–2002 (a biannual PhD thesis competition held by the Administrative Science Association of Canada) and was selected into the final four of the Gunnar Hedlund Best Dissertation Award 2002 (sponsored by the Institute of International Business and the European International Business Association) as well as the Barry Richman Best Dissertation Award 2002 (sponsored by the Academy of Management). 相似文献
Anthony GoerzenEmail: |
Takehiko Isobe is Professor of Management at the Research Institute for Economics and Business Administration, Kobe University. He received his PhD from Keio University. His research interests include the effects of search behavior and strategic changes on corporate performance. He has published his research in the Academy of Management Journal, Strategic Management Journal, and Journal of International Business Studies. His research received the 2004 Best Paper Awards from the Asia Academy of Management. Shige Makino is Professor at the Department of Management in the Chinese University of Hong Kong. He received his PhD from the Richard Ivey School of Business, University of Western Ontario. His current research focuses on investigating the effects of non-economic factors on economic activities in international business practices. His research has appeared in leading journals such as Academy of Management Journal, Asia Pacific Journal of Management, Journal of International Business Studies, Strategic Management Journal, and Organization Science among others. He is the vice president of the Association of Japanese Business Studies and has been serving as editorial board member in many international journals. Anthony Goerzen earned his PhD from the Richard Ivey School of Business, University of Western Ontario. His research interests center on multinational enterprises, more specifically the organizational and performance effects of interfirm networks, cross-border alliances, and geographic locations. He has published his research in the Strategic Management Journal, Management International Review, Academy of Management Executive, and Journal of Small Business and Entrepreneurship. Aside from several book chapters, he has also written a book entitled Networks and Location based on his doctoral thesis which won the Udayan Rege Best Dissertation Award 2000–2002 (a biannual PhD thesis competition held by the Administrative Science Association of Canada) and was selected into the final four of the Gunnar Hedlund Best Dissertation Award 2002 (sponsored by the Institute of International Business and the European International Business Association) as well as the Barry Richman Best Dissertation Award 2002 (sponsored by the Academy of Management). 相似文献