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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.
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
3.
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
4.
The regional character of Asian multinational enterprises 总被引:10,自引:6,他引:4
In recent issues of this Journal a debate has raged concerning the appropriate nature of academic research in the Asia Pacific region. While we support the
desire for both rigor and regional relevance in this research, we wish to demonstrate a strong commonality between the performance
of large Asian firms and others from Europe and North America. This prompts us to question the need for a new theory of the
MNE based on the experience of Asian firms. Like their counterparts elsewhere, the large Asian firms mostly operate on an
intra-regional basis. While in the literature it has been assumed that the path to success for Asian firms is globalization,
we show that the data supporting this is confined to a handful of unrepresentative case studies. We also present a bibliometric
analysis which shows an overwhelming case study sample selection bias in academic studies towards this small number of unrepresentative
cases.
Simon Collinson (D.Phil., SPRU, University of Sussex) is Associate Professor (Reader) of International Business at Warwick Business School and the Lead Ghoshal Fellow at the Advanced Institute of Management (AIM), UK. He has held visiting positions at NISTEP in Tokyo and AGSM at the University of Sydney, and was Visiting Professor at the Kelley School of Business, Indiana University. His research interests include global innovation strategies, knowledge management and adaptability in multinational firms, and FDI and collaborative innovation in Japan and China. He has published widely, such as in Organization Studies, the International Journal of Technology Management, Management International Review, R&D Management and Organizational Dynamics, and has received funding awards from the ESRC, EPSRC, DTI, Royal Society and CEC. With Professor Alan Rugman, Simon is also co-author of the FT Pearson International Business (4th Edition, 2006) textbook. Alan Rugman holds the L. Leslie Waters Chair of International Business at the Kelley School of Business, Indiana University, where he serves as Professor of International Business and Professor of Business Economics and Public Policy. He is also Director of the IU CIBER. He was Thames Water Fellow in Strategic Management at Templeton College, University of Oxford where he remains an Associate Fellow. Dr. Rugman has published widely in leading refereed journals that deal with economic, managerial, and strategic aspects of multinational enterprises and with trade and investment policy. His forty plus books include: The End of Globalization (Random House 2000; AMACOM 2001); (co-ed) The Oxford Handbook of International Business (Oxford University Press 2001) and, The Regional Multinationals (Cambridge University Press 2005). He has served as a consultant to major private sector companies and as an outside advisor to two Canadian Prime Ministers. Dr. Rugman served as President of the Academy of International Business from 2004–2006. 相似文献
Alan M. RugmanEmail: URL: http://www.kelley.indiana.edu/rugman |
Simon Collinson (D.Phil., SPRU, University of Sussex) is Associate Professor (Reader) of International Business at Warwick Business School and the Lead Ghoshal Fellow at the Advanced Institute of Management (AIM), UK. He has held visiting positions at NISTEP in Tokyo and AGSM at the University of Sydney, and was Visiting Professor at the Kelley School of Business, Indiana University. His research interests include global innovation strategies, knowledge management and adaptability in multinational firms, and FDI and collaborative innovation in Japan and China. He has published widely, such as in Organization Studies, the International Journal of Technology Management, Management International Review, R&D Management and Organizational Dynamics, and has received funding awards from the ESRC, EPSRC, DTI, Royal Society and CEC. With Professor Alan Rugman, Simon is also co-author of the FT Pearson International Business (4th Edition, 2006) textbook. Alan Rugman holds the L. Leslie Waters Chair of International Business at the Kelley School of Business, Indiana University, where he serves as Professor of International Business and Professor of Business Economics and Public Policy. He is also Director of the IU CIBER. He was Thames Water Fellow in Strategic Management at Templeton College, University of Oxford where he remains an Associate Fellow. Dr. Rugman has published widely in leading refereed journals that deal with economic, managerial, and strategic aspects of multinational enterprises and with trade and investment policy. His forty plus books include: The End of Globalization (Random House 2000; AMACOM 2001); (co-ed) The Oxford Handbook of International Business (Oxford University Press 2001) and, The Regional Multinationals (Cambridge University Press 2005). He has served as a consultant to major private sector companies and as an outside advisor to two Canadian Prime Ministers. Dr. Rugman served as President of the Academy of International Business from 2004–2006. 相似文献
5.
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
6.
This study adopted a structural approach to examine the formation and characteristics of Chinese business networks via interlocking
directorates during a stage in China’s institutional transitions. Analyses of the network structures of 949 listed companies
revealed that: (1) Chinese business networks were smaller in scale and lower in density than their Western counterparts; (2)
no nationwide network with a dominant center existed; (3) interlock occurred mainly in the form of smaller business groups
which tended to be regionally fragmented; (4) ties were more prevalent among industrial peers than with financial institutions;
and (5) government ownership was predominant. These findings therefore deepen our understanding about the pattern and extent
of business interlock in China. Not only do these findings provide substantive implications to the notion and dimensionality
of guanxi, but they also offer inspiration to managers and policy makers by illuminating key characteristics of network structure.
Laying these foundations shall pave the way for future research in the structure of Chinese business networks.
Bing Ren (PhD, The Chinese University of Hong Kong) is an associate professor in the Department of Management, School of Business at Nankai University, China. Her main research areas include Chinese business network studies, institutional transition and firm strategic choices, entrepreneurship and corporate governance issues in China. Currently, she is undertaking two research projects funded by the natural science foundation of China. The first one relates to the intercorporate network of interlocking directorates and its influence on firm strategies during China’s institutional transition. The second relates to a legitimacy perspective of new venture growth and creation in China. Kevin Au (PhD, University of British Columbia) is an associate professor of management at the Chinese University of Hong Kong, and serves as an associate director for the MBA programme and Centre for Entrepreneurship. His research interests span across micro and macro issues in global management, social network, entrepreneurship, and research methodology. He serves on the editorial boards of Asia Pacific Journal of Management and Journal of Organizational Behavior and conducts consulting projects for business and government organizations. This is Professor Au’s fourth contribution to APJM. Thomas A. Birtch is a Senior Research Fellow (Centre for Economics and Policy) at the University of Cambridge. He has held an academic appointment at The Chinese University of Hong Kong, visited universities in Asia, Europe, and North America, and has affiliations with several research centres, including at MIT, Cambridge, and The Chinese University of Hong Kong. He has also held directorships and senior management positions in large scale organizations and government spanning three continents and consulted in over 30 countries. His current research interests include the performance of individuals, organizations, and markets, the transferability of management practices, FDI and post-merger integration strategy, rewards and incentives, entrepreneurship and innovative organizations, and business in China. His recent publications appear in journals such as Human Relations, Management International Review, International Journal of Hospitality Management, International Journal of Human Resource Management, and Journal of International Management. 相似文献
Thomas A. BirtchEmail: |
Bing Ren (PhD, The Chinese University of Hong Kong) is an associate professor in the Department of Management, School of Business at Nankai University, China. Her main research areas include Chinese business network studies, institutional transition and firm strategic choices, entrepreneurship and corporate governance issues in China. Currently, she is undertaking two research projects funded by the natural science foundation of China. The first one relates to the intercorporate network of interlocking directorates and its influence on firm strategies during China’s institutional transition. The second relates to a legitimacy perspective of new venture growth and creation in China. Kevin Au (PhD, University of British Columbia) is an associate professor of management at the Chinese University of Hong Kong, and serves as an associate director for the MBA programme and Centre for Entrepreneurship. His research interests span across micro and macro issues in global management, social network, entrepreneurship, and research methodology. He serves on the editorial boards of Asia Pacific Journal of Management and Journal of Organizational Behavior and conducts consulting projects for business and government organizations. This is Professor Au’s fourth contribution to APJM. Thomas A. Birtch is a Senior Research Fellow (Centre for Economics and Policy) at the University of Cambridge. He has held an academic appointment at The Chinese University of Hong Kong, visited universities in Asia, Europe, and North America, and has affiliations with several research centres, including at MIT, Cambridge, and The Chinese University of Hong Kong. He has also held directorships and senior management positions in large scale organizations and government spanning three continents and consulted in over 30 countries. His current research interests include the performance of individuals, organizations, and markets, the transferability of management practices, FDI and post-merger integration strategy, rewards and incentives, entrepreneurship and innovative organizations, and business in China. His recent publications appear in journals such as Human Relations, Management International Review, International Journal of Hospitality Management, International Journal of Human Resource Management, and Journal of International Management. 相似文献
7.
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
8.
Asian contexts and the search for general theory in management research: A rejoinder 总被引:6,自引:5,他引:1
Klaus E. Meyer 《Asia Pacific Journal of Management》2007,24(4):527-534
“Asian Management Research Needs More Self-confidence” (Meyer, 2006) generated a surprisingly extended and diverse set of
responses from Asia and beyond. In this rejoinder, I draw together a few lines of arguments that have emerged in that debate
with the aim of moving the debate—and thus Asian management research agendas—forward. In particular, I argue that context
is a crucial variable to explain management behavior, yet for practical reasons, it has been neglected in research published
in top journals. Thus, I challenge management scholars in Asia and beyond to devise new research strategies to enhance our
understanding of the contextual boundaries of our knowledge.
Klaus E. Meyer (PhD, London Business School) is currently Professor of Strategy and International Business at the University of Bath. He has previously served 8 years on the faculty of Copenhagen Business School, and held visiting appointments at Hong Kong University of Science and Technology and National Cheng-chi University, Taipei. His research focuses on the strategies of multinational enterprises in emerging economies, especially foreign entry and growth strategies in Eastern Europe and East Asia. He has a personal website at . This is Professor Meyer’s third contribution to APJM. 相似文献
Klaus E. MeyerEmail: URL: www.klausmeyer.co.uk |
Klaus E. Meyer (PhD, London Business School) is currently Professor of Strategy and International Business at the University of Bath. He has previously served 8 years on the faculty of Copenhagen Business School, and held visiting appointments at Hong Kong University of Science and Technology and National Cheng-chi University, Taipei. His research focuses on the strategies of multinational enterprises in emerging economies, especially foreign entry and growth strategies in Eastern Europe and East Asia. He has a personal website at . This is Professor Meyer’s third contribution to APJM. 相似文献
9.
This study examines the long-term, dynamic equilibrium relationship for strategy variables of firms in strategic groups by
conducting a cointegration analysis. Replicating the Nair and Filer (Strateg. Manage. J., 24: 145–159, 2003) methodology and extending it to four industries listed on the Taiwan Stock Exchange, we find that not all of non-stationary
strategy variables have the cointegration relationships, and that only the strategy variables of strategic groups in our traditional
industries (as compared to our high-tech industries) should have a long-term competitive equilibrium (cointegration relationship).
In other words, we can proceed with an error correction model in some traditional industries to map out the relative positions
of rival firm strategies and subsequently implement appropriate reactions.
Shun-Jen Hsueh is a lecturer in the Department of Finance at Cheng Shiu University, Kaohsiung County, Taiwan. Meanwhile he is a PhD student in the Graduate School of Business Administration at National Cheng Kung University, Tainan, Taiwan. His research interests include strategic management, financial management, and the theory of incentives. Hsin-Hong Kang is a Professor of the Department of Business Administration at National Cheng Kung University, Tainan, Taiwan. His research interests include in the fields of managerial economics, international trade and investment, and international finance. 相似文献
Hsin-Hong KangEmail: |
Shun-Jen Hsueh is a lecturer in the Department of Finance at Cheng Shiu University, Kaohsiung County, Taiwan. Meanwhile he is a PhD student in the Graduate School of Business Administration at National Cheng Kung University, Tainan, Taiwan. His research interests include strategic management, financial management, and the theory of incentives. Hsin-Hong Kang is a Professor of the Department of Business Administration at National Cheng Kung University, Tainan, Taiwan. His research interests include in the fields of managerial economics, international trade and investment, and international finance. 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.
Indian business groups: Evolution and transformation 总被引:9,自引:8,他引:1
Ben L. Kedia Debmalya Mukherjee Somnath Lahiri 《Asia Pacific Journal of Management》2006,23(4):559-577
Business groups are an important constituent of many emerging economies. In this paper, we focus on the evolution and transformation
of Indian business groups (IBGs) over two economic eras — pre-reform era (pre 1991) and reform era (post 1991). To this end,
we analyze IBG behavior during these periods, and explain the implications of such behavior on IBG value creation. Our conceptualization
of IBG dynamics utilizes the perspectives of product relatedness and institutional relatedness, and undertakes a broad review of the extant literature.
Ben L. Kedia holds the Wang Chair of Excellence in International Business and is Director of the Wang Center for International Business Education and Research (CIBER) at The University of Memphis, USA. His research interests include cross-cultural and comparative management, and international business strategy. Dr. Kedia has served as Chair of the International Management Division of the Academy of Management and President of the Academy of International Business–U.S. Southwest. His research has been published in Academy of Management Review, Journal of World Business, Management International Review, etc. He received his PhD from Case Western Reserve University. Debmalya Mukherjee is a doctoral candidate in strategic management at The University of Memphis, USA. His research interests include international business strategy, emerging economies and virtual organizations. Debmalya has presented research papers at various national and international conferences. He received his MBA from Ohio University. He has served in a team consulting project in Italy. Prior to coming to the United States, Debmalya worked as a lawyer at the Calcutta High Court, India. Somnath Lahiri is a doctoral candidate in management at The University of Memphis, USA. His research interests include international outsourcing, emerging economies, and global business strategy. Somnath’s writings have appeared in European Business Forum and he has presented research papers at various conferences in the United States and abroad. He has also co-authored a book chapter on BRIC economies. Prior to coming to the United States, he served as a professional engineer for several years in India, both in the private- and government sector, where he specialized in contract handling and project monitoring. 相似文献
Somnath LahiriEmail: |
Ben L. Kedia holds the Wang Chair of Excellence in International Business and is Director of the Wang Center for International Business Education and Research (CIBER) at The University of Memphis, USA. His research interests include cross-cultural and comparative management, and international business strategy. Dr. Kedia has served as Chair of the International Management Division of the Academy of Management and President of the Academy of International Business–U.S. Southwest. His research has been published in Academy of Management Review, Journal of World Business, Management International Review, etc. He received his PhD from Case Western Reserve University. Debmalya Mukherjee is a doctoral candidate in strategic management at The University of Memphis, USA. His research interests include international business strategy, emerging economies and virtual organizations. Debmalya has presented research papers at various national and international conferences. He received his MBA from Ohio University. He has served in a team consulting project in Italy. Prior to coming to the United States, Debmalya worked as a lawyer at the Calcutta High Court, India. Somnath Lahiri is a doctoral candidate in management at The University of Memphis, USA. His research interests include international outsourcing, emerging economies, and global business strategy. Somnath’s writings have appeared in European Business Forum and he has presented research papers at various conferences in the United States and abroad. He has also co-authored a book chapter on BRIC economies. Prior to coming to the United States, he served as a professional engineer for several years in India, both in the private- and government sector, where he specialized in contract handling and project monitoring. 相似文献
12.
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
13.
Research rankings of Asia Pacific business schools: Global versus local knowledge strategies 总被引:3,自引:3,他引:0
Despite the increasing recognition of the importance of the research mission of universities, no previous work has investigated
the research productivity and research strategies of Asia Pacific business schools. This article fills this important gap
by conducting the first study to rank the publication productivity of 130 Asia Pacific business schools. Drawing on data from
the UTD Top 100 Business School Research Rankings™ and several additional sources, we rank Asia Pacific business schools’
research productivity in three areas: (1) twenty-four leading business journals, (2) seven top management journals, and (3)
five Asia Pacific management journals. We also extend this analysis by documenting the distinct publishing strategies of various
Asia Pacific business schools—global, local, or both.
Ram Mudambi (PhD, Cornell University) is Professor and Perelman Senior Research Fellow at Temple University and Visiting Professor of International Business at the University of Reading. His research interests focus on knowledge/innovation management and international entrepreneurship. Mike W. Peng (PhD, University of Washington) is the Provost’s Distinguished Professor of Global Strategy at the University of Texas at Dallas and Editor-in-Chief of the Asia Pacific Journal of Management. His research interests are global strategy, international business, and emerging economies. David H. Weng is a PhD student at the University of Texas at Dallas. His research interests include institutional theory and international management. 相似文献
David H. WengEmail: |
Ram Mudambi (PhD, Cornell University) is Professor and Perelman Senior Research Fellow at Temple University and Visiting Professor of International Business at the University of Reading. His research interests focus on knowledge/innovation management and international entrepreneurship. Mike W. Peng (PhD, University of Washington) is the Provost’s Distinguished Professor of Global Strategy at the University of Texas at Dallas and Editor-in-Chief of the Asia Pacific Journal of Management. His research interests are global strategy, international business, and emerging economies. David H. Weng is a PhD student at the University of Texas at Dallas. His research interests include institutional theory and international management. 相似文献
14.
Xiaohua Yang Yi Jiang Rongping Kang Yinbin Ke 《Asia Pacific Journal of Management》2009,26(1):141-162
This paper integrates institution-, industry-, and resource-based views of internationalization and demonstrates that industrial
characteristics, firm resources, and institutional factors can significantly explain the differences and similarities of international
expansion of Chinese and Japanese multinational enterprises (MNEs). In particular, this paper maps the growth of Chinese MNEs
since economic reforms in 1978 and that of Japanese MNEs after World War II. We illustrate the similarities and differences
between Chinese and Japanese MNEs with two case studies: foreign direct investment (FDI) of Haier and Matsushita. We suggest
that how firms internationalize, in addition to being influenced by industry- and resource-based considerations, is inherently
shaped by the domestic and international institutional frameworks governing these endeavors.
Xiaohua Yang (PhD, University of Kansas) is a Senior Lecturer in the School of Management at Queensland University of Technology. She has presented and published her work in the leading management journals and conferences around the world. She has taught in the United States, Australia, China, and Taiwan and lectured in Europe. 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. Yi Jiang (PhD, The Ohio State University) is an Assistant Professor at California State University, East Bay. She has published her research in leading management journals and presented her papers in management conferences. Her research interests are in the areas of international business, corporate strategy and corporate governance. Her recent research interests include privatization and corporate governance in emerging economies. Rongping Kang is a Senior Researcher at Institute of World Economics & Politics, Chinese Academy of Social Sciences. His research interests are in the areas of Chinese corporate strategy. His current research is on internationalization of Chinese firms. Yinbin Ke is an Assistant Chief Editor, Peking University Business Review. He graduated from Dalian University of Technology with a BSc. His research interests are in the areas of Chinese corporate strategy. His current research is on internationalization of Chinese firms. 相似文献
Yinbin KeEmail: |
Xiaohua Yang (PhD, University of Kansas) is a Senior Lecturer in the School of Management at Queensland University of Technology. She has presented and published her work in the leading management journals and conferences around the world. She has taught in the United States, Australia, China, and Taiwan and lectured in Europe. 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. Yi Jiang (PhD, The Ohio State University) is an Assistant Professor at California State University, East Bay. She has published her research in leading management journals and presented her papers in management conferences. Her research interests are in the areas of international business, corporate strategy and corporate governance. Her recent research interests include privatization and corporate governance in emerging economies. Rongping Kang is a Senior Researcher at Institute of World Economics & Politics, Chinese Academy of Social Sciences. His research interests are in the areas of Chinese corporate strategy. His current research is on internationalization of Chinese firms. Yinbin Ke is an Assistant Chief Editor, Peking University Business Review. He graduated from Dalian University of Technology with a BSc. His research interests are in the areas of Chinese corporate strategy. His current research is on internationalization of Chinese firms. 相似文献
15.
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
16.
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
17.
It has long been recognized that there is a tradeoff between exploration and exploitation. How organizations utilize resources
across time and space will affect firm survival and growth. In this paper, we examine resource utilization and performance
implications over time in an environment undergoing fundamental institutional transformation. Based on a large archive of
Chinese government data from 1988, 1992, and 1996, the study finds that (1) the impact of resource utilization is contingent
on the degree to which different resources are committed to factors of production, (2) the impact is curvilinear and only
valid within an “optimal” range, and (3) the performance implications change over time. As firms enter later stages of the
transitional process, efficiency becomes less important as they shift their strategic focus from exploitation to exploration,
which requires more flexibility. These findings have significant bearing on the issue of upgrading technological competitiveness
in China as the country becomes increasingly integrated in the global economy. Such insights may also have implications for
other emerging economies in Asia.
Justin Tan (PhD, Virginia Tech) is professor of management and the Newmont Endowed Chair in Business Strategy in the Schulich School of Business at York University in Canada. He is also a Distinguished Visiting Professor in the Guanghua School of Management at Peking University in China. He received the US Fulbright Distinguished Professorship and served in China from 2005 to 2006. Yong Zeng (PhD, Tsinghua University) is professor of finance in the College of Economics and Management at the University of Electronic Science and Technology in China. His research interests include financial engineering, corporate finance and capital market, economic forecasting and strategic decisions. His works have been published in major academic journals. 相似文献
Justin TanEmail: |
Justin Tan (PhD, Virginia Tech) is professor of management and the Newmont Endowed Chair in Business Strategy in the Schulich School of Business at York University in Canada. He is also a Distinguished Visiting Professor in the Guanghua School of Management at Peking University in China. He received the US Fulbright Distinguished Professorship and served in China from 2005 to 2006. Yong Zeng (PhD, Tsinghua University) is professor of finance in the College of Economics and Management at the University of Electronic Science and Technology in China. His research interests include financial engineering, corporate finance and capital market, economic forecasting and strategic decisions. His works have been published in major academic journals. 相似文献
18.
The prevailing ownership-based theories of the firm are increasingly being challenged by new forms of organising, as exemplified
by the Asian network multinational enterprise (MNE). We believe that an institutional approach, that tries to bridge both
the macro and micro levels of analysis, and that encompasses both formal and informal institutions, offers a promising way
to advance our understanding of the different forms of the contemporary MNE. This paper introduces a theoretical framework
that draws substantially on the work of Douglass North, and examines how an institutional dimension can be incorporated into
the three components of the OLI paradigm.
John H. Dunning is Emeritus Professor of International Business at the University of Reading, UK and at Rutgers University, US. He is an ex-president of both the Academy of International Business, and the International Trade and Finance Association. He has written or edited 48 books and more than 250 articles in professional journals. Sarianna M. Lundan is Associate Professor of International Business Strategy at the University of Maastricht in the Netherlands and Research Fellow at ETLA, the Research Institute of the Finnish Economy in Helsinki. She is the co-author with John Dunning of the second edition of Multinational Enterprises and the Global Economy, a major reference work in the field of International Business. 相似文献
Sarianna M. Lundan (Corresponding author)Email: |
John H. Dunning is Emeritus Professor of International Business at the University of Reading, UK and at Rutgers University, US. He is an ex-president of both the Academy of International Business, and the International Trade and Finance Association. He has written or edited 48 books and more than 250 articles in professional journals. Sarianna M. Lundan is Associate Professor of International Business Strategy at the University of Maastricht in the Netherlands and Research Fellow at ETLA, the Research Institute of the Finnish Economy in Helsinki. She is the co-author with John Dunning of the second edition of Multinational Enterprises and the Global Economy, a major reference work in the field of International Business. 相似文献
19.
Venture capital in China: Past,present, and future 总被引:8,自引:6,他引:2
This article reviews the literature on venture capital in China and examines where China’s venture capital industry has been
and where it is likely to go in the future. Since the 1980s, venture capital in China has grown steadily alongside the robust
national economy. The future is likely to offer even greater opportunities, as entrepreneurs are encouraged and property rights
improve. However, there will also be a period of transition as the market continues to mature and as new legal structures
and commercial arrangements emerge. Venture capital in China has many interesting differences from that in Western countries.
The venture capital industry is shaped by the institutional context and China is no exception to this. This article also examines
some specific differences between the system in China and that of the United States. Future prospects for venture capital
are also appraised as China continues its transition to a market economy.
David Ahlstrom (PhD, New York University) is a professor in the Management Department at The Chinese University of Hong Kong where he has taught for 11 years in international management and human resources. His research interests include international management and entrepreneurship in emerging economies. Professor Ahlstrom has published over 50 refereed articles in publications such as The Academy of Management Review, the Journal of Business Venturing, and Asia Pacific Journal of Management where he is currently a senior editor. Garry D. Bruton (PhD, Oklahoma) is a professor of entrepreneurship at the Neeley School of Business at Texas Christian University. His research focuses on entrepreneurship in emerging markets. He has published over 50 academic articles in journals such as The Academy of Management Journal, Strategic Management Journal, and Asia Pacific Journal of Management. Professor Bruton has also co-authored two textbooks published by Thomson-Southwestern. He is currently an associate editor of the Academy of Management Perspectives and is a senior editor of the Asia Pacific Journal of Management. Kuang S. Yeh (PhD, Carnegie Mellon) is a professor and chairman of the Department of Business Management at the National Sun Yat-Sen University in Kaohsiung, Taiwan. His areas of interest are in organization theory, corporate governance, business ethics, and entrepreneurship and venture capital. Professor Yeh has published in journals such as the Journal of World Business, International Business Review and a number of academic journals in Taiwan. He is currently studying issues of firm growth and change in China’s and Taiwan’s private enterprises. 相似文献
Kuang S. YehEmail: |
David Ahlstrom (PhD, New York University) is a professor in the Management Department at The Chinese University of Hong Kong where he has taught for 11 years in international management and human resources. His research interests include international management and entrepreneurship in emerging economies. Professor Ahlstrom has published over 50 refereed articles in publications such as The Academy of Management Review, the Journal of Business Venturing, and Asia Pacific Journal of Management where he is currently a senior editor. Garry D. Bruton (PhD, Oklahoma) is a professor of entrepreneurship at the Neeley School of Business at Texas Christian University. His research focuses on entrepreneurship in emerging markets. He has published over 50 academic articles in journals such as The Academy of Management Journal, Strategic Management Journal, and Asia Pacific Journal of Management. Professor Bruton has also co-authored two textbooks published by Thomson-Southwestern. He is currently an associate editor of the Academy of Management Perspectives and is a senior editor of the Asia Pacific Journal of Management. Kuang S. Yeh (PhD, Carnegie Mellon) is a professor and chairman of the Department of Business Management at the National Sun Yat-Sen University in Kaohsiung, Taiwan. His areas of interest are in organization theory, corporate governance, business ethics, and entrepreneurship and venture capital. Professor Yeh has published in journals such as the Journal of World Business, International Business Review and a number of academic journals in Taiwan. He is currently studying issues of firm growth and change in China’s and Taiwan’s private enterprises. 相似文献
20.
Klaus E. Meyer 《Asia Pacific Journal of Management》2009,26(2):187-193