Back–shoring
, 216, 338–342
decision
, 348
phenomenon of
, 338–339
Battery electric vehicles (BEVs)
, 226, 235
analysis of constructs
, 233
assessment of research hypotheses
, 233
conceptual model
, 229–230
data analysis and results
, 231
details of respondents
, 231
domain
, 228
evaluation of PLS-SEM results
, 231–233
limitations and future research
, 235–236
literature review
, 227–229
methodology
, 230
respondents profiles
, 231
Behavioral intention (BI)
, 229, 233
Behavioural Theory of the Financial Firm (BTTF)
, 11, 146
Benevolent resource recombination
, 79
Bottom of pyramid (BOP)
, 93
Bounded rationality
, 23, 25, 65–66, 73–75, 303
challenges
, 76
Business
, 2
business-to-business relationships
, 309
ethics scholars 173
, 192
model
, 113–114
system
, 268, 270, 273–274, 278, 282
Carbon Border Adjustment Mechanism (CBAM)
, 128, 132–134
IB in CBAM industries
, 134–136
Carbon Disclosure Project
, 243
Carbon emissions embodied in EU’s trade
, 128–131
Carbon performance
concept
, 242
literature
, 242
MNEs role in carbon performance research
, 248–249
stakeholder drivers of
, 243–246
Chain development on global basis
, 387–388
Chinese Foreign Aid Projects
, 173
Chinese aid in Africa
, 173
data overview and analysis
, 178–185
findings and contributions
, 191–193
firm involvement in foreign aid
, 174–175
limitations and future research
, 193–194
methodology
, 175–177
project aim
, 188
project conditions
, 189
project size
, 189–190
recipient country characteristics
, 190–191
research agenda
, 185
sectors of sustainable development
, 186–188
Circular economy (CE)
, 274, 298, 322
behavioral challenges in
, 312
broad implications
, 330–331
business model
, 307
circular value creation
, 299–302
contractual setups in
, 312
goal
, 300
human resources
, 308
inbound logistics and procurement
, 304–306
increased transaction costs in
, 309
information and knowledge in CE
, 311–312
infrastructure
, 309
marketing, sales, and service
, 306–318
operations
, 306
outbound logistics
, 306
principles
, 323–324
recycle
, 328–330
reduce
, 324–326
reuse
, 326–328
spatial closeness as enabler of efficient CE advancement
, 310
strategies
, 300
technical development
, 308
theory
, 299
transaction cost analysis
, 303–304
transaction cost drivers in spatially bounded
, 313
transaction cost theory
, 302–303
transition
, 322
transport in
, 312–313
uncertainty in
, 310–311
value loop
, 303–304
Circular Economy Action Plan
, 270
Circular value creation
, 299–302
Climate change
, 128, 240, 268–269, 273, 354
adaptation process
, 288
concepts and measurement
, 242–243
corporate carbon strategies and strategic commitment
, 246–248
environmental and carbon performance
, 241
in IB and GVC research
, 283–291
institutional features conditioning firm characteristics on
, 275–276
institutional perspectives and relevance to
, 271
institutionalism in practice
, 277–282
issues
, 269, 274–276
role of MNEs in carbon performance research
, 248–249
stakeholder drivers of environmental and carbon performance
, 243–246
strategies
, 5
two-dimensional complexity of institutional environments in net zero transition
, 249–256
world’s largest firms only talk and not walk addressing
, 35–37
Climate gas emission
, 347
Climate policy diversity
, 253–256
Collaboration to “walk the talk”, importance of
, 7–8
“ColourDry” technology
, 326
Comparative aspects
, 120–121
Comparative capitalism (CC)
, 241, 250–251
Competitive advantage
, 202–204
Complementary local resources
, 48, 50, 52, 55
Complementary resources
, 23, 25, 46–47, 53–54
digitalization and
, 49–53
and foreign entry modes
, 47–49
Conceptual model
, 350–348
Conscience, matters of
, 102–104
Control variables
, 210, 364
Coordinated market economies (CMEs)
, 250
Corporate carbon strategies and strategic commitment
, 246–248
Corporate commitment to and reporting on human rights
, 108–109
Corporate decision-makers
, 100
Corporate environmental performance
, 242
Corporate financial performance (CFP)
, 354
control variables
, 362
CSR and CFP in advanced vs. emerging countries
, 356–358
dependent variable
, 360–361
descriptive statistics
, 363–364
econometric findings
, 364–365
independent variables
, 361
literature review and hypotheses development
, 356
methodology
, 362–363
moderating variables
, 362
research design
, 359
research findings
, 363
robustness checks
, 365–367
sample and data
, 359–360
Corporate governance
, 114–115
Corporate human rights
additional organisational aspects
, 115
business model
, 113–114
capital structure and ownership structure
, 114
context, theoretical perspectives and analytical framework
, 108
corporate commitment to and reporting on
, 108–109
corporate governance
, 114–115
domestic setting
, 111–113
drivers of
, 113
external drivers
, 116
financial markets, consumers and NGOs
, 116–117
financial performance
, 116
firm size
, 116
governance systems and regulation
, 117
industry-specific actors and institutions
, 117
internal drivers
, 113
international aspects
, 118–120
legitimacy theory
, 109–110
media
, 118
signalling theory
, 111
stakeholder theory
, 110–111
theoretical perspectives
, 109
Corporate social irresponsibility (CSI)
, 354–355, 361
and CFP in advanced vs. emerging countries
, 358–359
control variables
, 362
dependent variable
, 360–361
descriptive statistics
, 363–364
econometric findings
, 364–365
independent variables
, 361
literature review and hypotheses development
, 356
methodology
, 362–363
moderating variables
, 362
research design
, 359
research findings
, 363
robustness checks
, 365–367
sample and data
, 359–360
Corporate social responsibility (CSR)
, 2, 90, 92, 143, 354–355
and CFP in advanced vs. emerging countries
, 356–358
competing interpretations of societal responsibilities of corporations
, 91–94
control variables
, 362
CSI and CFP in advanced vs. emerging countries
, 358–359
dependent variable
, 360–361
descriptive statistics
, 363–364
econometric findings
, 364–365
four types of challenges
, 95
framework
, 94–95
further implications at CSR as four different types of challenges
, 104–105
independent variables
, 361
literature review and hypotheses development
, 356
low-hanging fruit
, 95–97
matters of conscience
, 102–104
methodology
, 362–363
moderating variables
, 362
nasty trade-offs
, 98–102
performance
, 73
research
, 73
research design
, 359
research findings
, 363
robustness checks
, 365–367
sample and data
, 359–360
societal opportunities
, 97–98
COVID-19 pandemic
, 102–103, 144, 271, 339
Creating shared value (CSV)
, 90
Cultivated meat
, 378–379, 384
Cutting-edge technology
, 56, 279
“Ecological Impact Index”
, 362
Economic system
, 304, 310
Economist (newspaper)
, 381
Education infrastructure
, 384–385
“Efficient governance”
, 74
Electric vehicles (EVs)
, 21, 78
Electronic and electrical equipment (EEE)
, 327
Emerging market firms (EMNEs)
, 44, 55
catching up by
, 53–56
complementary resources and foreign entry modes
, 46–49
digitalization and complementary resources
, 49–53
internalization theory of MNE
, 45–46
Emerging markets
, 136, 355, 357
“Emission-oriented”-type innovation policies
, 255
Emissions Trading System (ETS)
, 128
Entrepreneurial space
, 34–35
Entrepreneurially oriented firms
, 25
Environmental, social and governance (ESG)
, 3, 21, 73–74, 76, 78, 90, 354, 356
Environmental management capabilities
, 203
Environmental performance
, 242
stakeholder drivers of
, 243–246
Environmental policy stringency (EPS)
, 202, 210–211, 215, 253
linking EPS to de-internationalization
, 206–208
Environmental sustainability
, 338
correlation matrix
, 212
data sources
, 208–209
descriptive statistics
, 211
distribution of relocation announcements by industry
, 213–214
empirical methodology
, 208
firm’s sustainability and competitive advantage
, 202–204
limitations and direction for future research
, 218
linking EPS to de-internationalization
, 206–208
linking firms’ sustainability to de-internationalization
, 204–206
practical implications
, 217–218
regression results
, 214–215
summary statistics
, 213
theoretical background
, 202
theoretical contributions
, 216
variables
, 209–211
Environmental-oriented policies
, 207
EU Emissions Trading System (EU ETS)
, 132
European Economic Area (EEA)
, 113
European Environment Agency
, 270
European Green Deal (2019)
, 132
European International Business Academy Annual Conference (2022) (EIBA Annual Conference)
, 2
European Restructuring Monitor (ERM)
, 208
European Union (EU)
, 5, 77, 269, 298
carbon emissions embodied in
, 128–131
Experiential indirect learning
, 63
Explanatory variables
, 209
External stakeholders
, 116
pressures
, 245–246
Extra-MNE tensions
, 76–79
Family firms face specific internationalization challenges
, 30
Finance, new empirical tests in
, 157–159
Financial decisions changing
, 155–156
economic conditions and financial decisions in financial ‘machine’
, 153–155
green focus of
, 155
Financial firms
, 142, 150, 155
Financial markets
, 116–117
Financial performance
, 116, 364
Financial times (FT)
, 247
Firm(s)
, 188
CFP
, 360
financial performance
, 365
internationalization as core subject
, 62–63
involvement in foreign aid
, 174–175
linking firms’ sustainability to de-internationalization
, 204–206
liquidity
, 362, 364
size
, 364
sustainability and competitive advantage
, 202–204
Firm–specific advantages (FSAs)
, 22, 28–29, 45, 73, 268, 341
First-order coding process
, 383
Foreign aid projects
, 191
firm involvement in
, 174–175
Foreign direct investment (FDI)
, 134
Foreign entry modes
, 47–49
Formal institutional context
, 121
“Geographical proximity”
, 311
Global agri-food industry
, 377
Global economic policies
, 290
Global financial crisis (GFC)
, 144
Global reporting initiative
, 5
Global textile industry
, 270
Global value chains (GVCs)
, 12, 22, 34, 75, 268, 271, 322, 376–379
activities
, 323
chain development on global basis
, 387–388
climate change strategies
, 283–291
developing industry’s GVC
, 384
education and research infrastructure
, 384–385
geographical configuration
, 322
governance
, 322
liabilities in
, 387
NGO’s engagement
, 385–386
recycle principle and impact on related
, 329–330
reduce bottlenecks
, 388–390
reduce principle and impacts on related
, 324–326
reuse principle and impacts on related
, 327–328
Global value network
, 289
Good Food Institute (GFI)
, 376, 380, 382
Governance
mechanisms
, 34–35
NIT and behavioral assumptions
, 74–76
for sustainability
, 76–81
systems and regulation
, 117
walking talk in IB research, policy, and practice
, 82
Green Behavioural Theory of Financial Firm (green BTTF)
, 11, 145–146, 156
change narrative
, 145
holistic theory interpretation
, 145–146
Greenhouse gas emissions (GHG emissions)
, 35, 128, 142, 270, 377
Gross domestic product (GDP)
, 173, 271
Grounded theory approach
, 144
Identity-based discordance
, 66, 75
Industrial symbiosis
, 300–301, 311
Industry-specific actors and institutions
, 117
Information
and knowledge in
, 311–312
search
, 311
Inner recycling loops
, 329
Institutional complementarity
, 281
Institutional complexity
, 241, 249–250
‘Institutional context’
, 283
Institutional development, contribute to
, 387
Institutional environments
diversity and dynamism of
, 250–252
two-dimensional complexity of institutional environments in net zero transition
, 249–256
Institutional isomorphism
, 343
Institutional ownership advantages (Oi)
, 285
Institutional systems
, 279
Institutional theory
, 342, 347, 349
as alternative theoretical lens
, 342–344
Institutionalism
, 271
in practice
, 277–282
Institutionalization of carbon disclosure practices
, 245
Institutions
, 250, 257, 273
institution-induced link
, 5
role promoting “talking and walking”
, 4–5
Intellectual property (IPs rights)
, 45
Intentional distance-bridging internationalization, (multi)regional strategies as outcomes of
, 64–65
Internal stakeholder pressures
, 244
Internalization theory
, 44, 303
of MNE
, 45–46
advantages
, 287
International aspects
, 118
comparative aspects
, 120–121
international setting
, 118–119
International business (IB)
, 1, 62, 128, 146, 200, 268, 271, 303, 338, 376
carbon emissions embodied in EU’s trade
, 128–131
CBAM industries
, 132–135
climate change strategies
, 283–291
community
, 322
context
, 24
in downstream sectors from CBAM industries
, 135–136
family firms face specific internationalization challenges
, 30
first principles
, 20–26
FSAs
, 28–29
governance mechanisms
, 34–35
higher international diversification
, 30–32
implications
, 134
literature
, 241, 250
macro-level complementary resources
, 32–34
MNEs
, 26–27
scholars
, 190–191
scholarship
, 20
in sectors
, 136–137
walking talk in IB research, policy, and practice
, 82
world’s largest firms only talk and not walk addressing climate change
, 35–37
world’s largest firms really footloose
, 27–28
International Finance Corporation (IFC)
, 284
International financial firms
‘people’ interactions
, 150–152
change, motivation, gaps, and problem
, 142–143
change narrative
, 147
changing context as adapted infrastructure and mechanisms
, 148–150
changing economic conditions and financial decisions in financial ‘machine’
, 153–155
changing financial decisions
, 155–156
changing green focus of financial decisions
, 155
green behavioural theory of financial firm
, 145–146
larger debate
, 159
new empirical tests in finance
, 157–159
new forms of theory construction
, 157
research methods
, 143–145
strategic changes in team strategic thinking–and top teams or ‘head’
, 147–148
International governance
, 82
International GVC partners adopt to mitigate vulnerabilities
, 34–35
International institutions
, 4
International Labour Organization (ILO)
, 119
International new ventures (INVs)
, 28
International NGOs
, 376, 378–379
International Renewable Energy Agency (IRENA)
, 77
International setting
, 118–119
International Standards Organization (ISO)
, 242
International version
, 146
Internationalization process
, 62, 119, 205–206, 209
Internet platforms
, 44, 50
Intra-MNE tensions
, 79–81
Meat
production
, 377
substitutes
, 378
Micro–foundations
, 62, 67
Millennium Development Goals
, 176
Modes of foreign market entry
, 44, 48
Motives for backshoring
, 341, 346
Multidimensional social interactions
, 152
Multinational enterprises (MNEs)
, 2, 26–27, 44, 63, 67, 72, 76, 240–241, 247, 255, 257, 298, 322, 338
challenges to
, 8–9
internalization theory of
, 45–46
and international GVC partners adopt to mitigate vulnerabilities
, 34–35
MNE-led GVCs
, 376
need business in emerging economies
, 32–34
recycle principle and impact on related GVC
, 329–330
reduce principle and impacts on related GVC
, 324–326
reuse principle and impacts on related GVC
, 327–328
role in carbon performance research
, 248–249
(Multi)regional strategies as outcomes of intentional distance-bridging internationalization
, 64–65
National business systems
, 273, 280
Negative societal externalities
, 78
Neo-institutionalism approach
, 273
Net Zero
, 154, 156
two-dimensional complexity of institutional environments in
, 249–256
New Internalization Theory (NIT)
, 73
and behavioral assumptions
, 74–76
Non-financial contexts
, 156
Non-financial contextual resources
, 156
Non-financial reporting directive
, 209
Non-governmental organizations (NGOs)
, 13, 72, 93, 110, 116–117, 204, 243, 272, 376
articulating market and regulatory issues
, 386–387
context
, 379–380
data analysis
, 382–383
data collection
, 380–382
data presentation
, 383–384
developing industry’s GVC
, 384–386
engagement
, 385–386
global food systems, GVCs, and innovation
, 377
GVCs and role of international
, 378–379
liabilities in GVC
, 387–390
literature review
, 377
methodological approach
, 380
results
, 383
transition to cultivated meat innovation relates to UN’s SDGs
, 380
Non-location bound FSAs
, 24–25, 29
Non-market stakeholder pressures
, 243
Non-renewable resources
, 324
Recipient country characteristics
, 190–191
Recycle
, 328–329
MNE’s adoption of recycle principle and impact on related GVC
, 329–330
loop
, 329
process
, 331
Reduce, reuse, and recycle (3Rs)
, 323
“Reduce” principle
, 324–326
MNE’s adoption of reduce principle and impacts on related GVC
, 324–326
Renewable Energy Directive (RED)
, 77
Renewable energy policies
, 251
Renewable portfolio standards (RPS)
, 137
Research and development (R&D)
, 254, 326
Research hypotheses assessment
, 233
Research infrastructure
, 384–385
Resource recombination process
, 24
Resource-based theory
, 340
Resource-based view (RBV)
, 202–204
Respondents, details of
, 231
Responsible Health Initiative (RHI)
, 101
Reuse
approach
, 326–327
MNE’s adoption of reuse principle and impacts on related GVC
, 327–328
principle
, 331
Robotics-enabled automation
, 290
Secondary stakeholders
, 110
Secure global food system
, 388
Sensitive industries
, 117
Signalling theory
, 111–112
Smiling curve phenomenon
, 24
‘Social finance’ resources
, 154
Social sustainability
, 338
Societal opportunities
, 97–99
Stakeholder drivers
, 249
of environmental and carbon performance
, 243
external stakeholder pressures
, 245–246
internal stakeholder pressures
, 244
Stakeholder theory
, 110–111, 356
State-owned enterprises (SOEs)
, 175, 177
Structural diversity
, 241
Structural governance
, 23
Subsidiary-specific advantages (SSAs)
, 24
Sustainability
, 200–204, 208, 268, 291, 322, 348, 368, 377
backshoring
, 338–342
conceptual model
, 350–348
crises
, 81
development
, 365
elements
, 4
extra-MNE tensions
, 76–79
governance for
, 76
institutional theory as alternative theoretical lens
, 342–344
intra-MNE tensions
, 79–81
momentum
, 204
movement
, 217
reflections
, 346–350
walking talk by making sustainability part of strategy
, 6–7
Sustainable development
, 226, 339
sectors of
, 186–188
Sustainable development index (SDI)
, 362
Sustainable economic model
, 298
Sustainable economic system
, 299
Sustainable GVCs
, 377, 389
Sustainable supply chains
, 340
Systemic CE business models
, 307