Trends in international business thought and literature: The Arabian gulf countries

The Arabian Gulf countries represent an important economic segment of the Arab world and a vital market for foreign investors and exporters. Yet, most observers agree that the past successful economic growth derived from oil revenues cannot continue unless the economies in the Arabian Gulf are diversified and privatized. This structural adjustment process poses many challenges but also opportunities for local and foreign managers. This article reviews selected business trends in the region. These trends concern government economic policies, environmental concerns, services marketing, and management education.     

Trends in international business,thought, and literature: The past and future of political analysis for international business

The literature on political risks (and opportunities) in international business has expanded far beyond its initial preoccupation with expropriation and instability in “third world,” developing countries. The literature has thus become more concerned with other types of government policies and with political conditions in “first world” and “second world” countries as well. In those respects, the literature has developed analytically and become of more widespread relevance to managerial issues in international business. This article reviews the topical coverage of the political risk literature of international business, and in addition it considers key analytical issues concerning the levels of analysis, theoretical content, and analytical methods that have been evident, as well as those that have been neglected. © 1993 John Wiley & Sons, Inc.     

Trends in international business thought and literature: Job insecurity: Emerging social roles of the 90s

Job insecurity is a societal problem of global concern that is not likely to abate in the foreseeable future. The proportion of the population subjected to some degree of job insecurity is considerably larger than the number of workers who actually experience job loss. To date, the problem, despite its damaging consequences, has not been adequately studied. In particular, scholars have ignored the impact of the external environment. This leaves open a field of interesting questions concerning the relationships between cultural and other factors and the experience of job insecurity. Such factors may have important effects on the way individuals respond to job insecurity in different countries. © 1995 John Wiley & Sons, Inc.     

Trends in international business thought and literature (supplement): The transatlantic business dialogue: Business at the negotiating table

The Transatlantic Business Dialogue (TABD) is a novel coalition of American and European business leaders who seek to influence their respective governments on transatlantic trade and investment matters. In the past year, the TABD has emerged as a powerful voice in setting the agenda for the “transatlantic marketplace.” This article examines the TABD's origins and development, and suggests that the TABD may serve as a future model for trade and investment negotiations.     

Trends in international business thought and literature: Traversing the path to insolvency: Lessons from an international alliance in management education

In 1988 the Madrid Business School (MBS) was created through a cooperative agreement between a small entrepreneurial firm in Madrid, Spain, and a large public institution of higher education in the United States. By mid-1994 MBS was financially insolvent and had closed. Discussion of this case focuses on two questions: first, could the American partner have taken any actions to increase the likelihood of MBS as a viable institution? Second, what constitutes a strategic approach to international cooperative agreements? Both issues offer lessons for entering into and participating in international cooperative agreements in higher education.     

Corruption in international business: A review and research agenda

We systematically reviewed the literature on corruption in international business (137 articles) for the last 17 years between 1992 and 2019. Additionally, we identified seven research streams in this growing literature: (1) the legislation against corruption, (2) the determinants of corruption, (3) combating corruption, 4) the effect of corruption on firms, (5) the political environment and corruption, (6) corruption as a challenge to existing theories of management, and (7) the effect of corruption on foreign direct investment and trade. Based on this review, we recommend that strong international laws are needed to minimize the negative impact of corruption on international business. Firms must also consider corruption when formulating strategies to increase operational efficiency and performance. Finally, corruption challenges some key assumptions of existing theories of management. Scholars need to test and expand these existing theories by considering corruption as an important issue in international business.     

A review of research methodologies in international business

What is common practice in international business (IB) research methodology? To address this question, we surveyed 1,296 empirical articles published in six leading international business journals from 1992 to 2003. The study uncovers state-of-the-art approaches in research methodologies in IB in terms of five major aspects: data collection methods, sample sources including sampled countries and subjects, sampling methods, sample sizes, and response rates. The results indicate that (1) mail questionnaire surveys dominate empirical research, (2) 60.9% of the studies use a one-country sample (88.9% from western countries), (3) 33.7% of the studies are based upon sample frames provided by third parties, and (4) the median sample size is 180 with an average response rate of 40.1%. Suggestions and recommendations are also provided to improve the methodological rigor of IB research.     

Trends in international business thought and literature: Reviewing east asia's miracle,its economic dynamism,and future issues

East Asia's miracle and its economic dynamism has become a popular topic for academic and business research. Researchers and practitioners have used many theories and justifications to explain this area. Since there is limited consensus among the researchers regarding the East Asian miracle, viewpoints, interpretations, and discipline-centered critiques remain equivocal. This article reviews and analyzes salient issues of this debate, its multidisciplinary contents, and some of the inherent differences between various perspectives put forward by the researchers. The importance of this review lies in its multidisciplinary approach and cross-referencing.     

Foreign market entry mode choice of small and medium-sized enterprises: A systematic review and future research agenda

Despite significant differences between small and medium-sized enterprises (SMEs) and large multinational enterprises (MNEs), the majority of extant foreign market entry mode choice literature has focused on MNEs. The current state of knowledge regarding SME foreign market entry mode choice is equivocal. The present paper reviews the current state of SME foreign market entry mode choice literature and maps future research directions. To this end, we systematically analyze 33 relevant journal articles for their theoretical frameworks and contextual dimensions. Based on this review, we identify gaps in the literature and develop an agenda to guide future scholarship in this important domain of research in taking SME-specific characteristics into consideration.     

Trends in international business thought and literature: One country,two currencies? Hong Kong's exchange-rate regime after 1997

A key factor in assessing the future of the Hong Kong dollar is whether China would, after 1997, take the drastic step of abolishing the Hong Kong dollar in favor of the Renminbi (RMB) as legal tender. While this possibility should not be discounted, our view is that a merger of the two currencies would only occur in the distant future when the RMB becomes fully convertible. This study argues that the status quo of the HK$-US$ link would be preserved at least until the turn of the century. A combination of factors, including the overriding need to maintain confidence and stability in Hong Kong, which is crucial for a smooth transition of sovereignty; the weak relationship between either imported or domestic-generated inflation and the exchange rate link; and the misconception that Hong Kong's export competitiveness has been undermined by an overvalued Hong Kong dollar would help to support the argument that other alternative regimes for the Hong Kong dollar exchange rate would not be feasible in the short run. These alternative regimes include changing to a floating rate     

International vertical alliances within the international business field: A systematic literature review and future research agenda

International vertical alliances (IVAs) have garnered increasing scholarly interest in the strategy and international business (IB) literature. Our review of 111 papers published in major IB journals from 2000 to 2020 sheds light on the antecedents, key mediators, moderators and outcomes of IVAs. To generate insights, we juxtaposed forward and backward alliances and compared IVAs with their domestic vertical and horizontal counterparts. In this paper, we highlight key areas for future IVA research, including—but not limited to—broadening the scope of the investigation in order to integrate new theories and methods suited to examine such alliances in the IB field.