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Article
Publication date: 13 September 2021

Asmund Rygh, Eleni Chiarapini and María Vallejo Segovia

Realising the sustainable development goals (SDGs) will require substantial efforts from both governments, businesses, civil society and academic researchers. This paper…

Abstract

Purpose

Realising the sustainable development goals (SDGs) will require substantial efforts from both governments, businesses, civil society and academic researchers. This paper aims to discuss the contributions that the international business (IB) discipline can make to promoting the SDGs.

Design/methodology/approach

The paper is conceptual.

Findings

The authors argue that IB can contribute to promoting the SDGs, given IB’s expertise on the multinational enterprise (MNE) and knowledge that is relevant to the international dimensions that most SDGs have. However, paradigmatic features of IB such as a focus on firm-level financial performance and on the MNE as an organisation, and dominance of quantitative methods, may presently restrict the discipline’s contributions to the SDGs.

Originality/value

The authors present a set of recommendations for IB research on the SDGs, many of which imply an extension of the boundaries of the current IB paradigm.

Details

critical perspectives on international business, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1742-2043

Keywords

Article
Publication date: 12 October 2019

Asmund Rygh

This paper contributes to laying a foundation for a research agenda in international business (IB) on multinational enterprises (MNEs) and economic inequality, through an…

1001

Abstract

Purpose

This paper contributes to laying a foundation for a research agenda in international business (IB) on multinational enterprises (MNEs) and economic inequality, through an extensive literature review and development of a conceptual framework.

Design/methodology/approach

The author conduct a systematic review of studies on economic inequality in IB literature, complemented by a broader selective review of studies in general management, economics, political science, sociology and other disciplines.

Findings

The review confirms that economic inequality has received little attention in IB research. Most contributions are recent conceptual studies, while empirical studies are scarce. Studies in economics and other disciplines provide further insights on the effects of MNEs on inequality, although specific findings are somewhat mixed.

Research limitations/implications

The author develop a simple framework outlining channels of effects from MNEs activities on different forms of inequality, discuss challenges and opportunities for IB in addressing this topic and identify some avenues for future IB research on economic inequality.

Originality/value

This paper is the first comprehensive review of literature in IB on economic inequality. It also presents relevant literature on MNEs and economic inequality from various other disciplines and outlines the contributions that the IB discipline can make to the study of this topic.

Details

critical perspectives on international business, vol. 17 no. 1
Type: Research Article
ISSN: 1742-2043

Keywords

Article
Publication date: 3 October 2019

Asmund Rygh

This study aims to discuss an argument that the social value creation of multinational enterprises (MNEs), beyond creating economic value for the shareholders, could be…

Abstract

Purpose

This study aims to discuss an argument that the social value creation of multinational enterprises (MNEs), beyond creating economic value for the shareholders, could be the next “big question” for international business (IB) research. The authors also provide examples of promising research topics associated with this research agenda.

Design/methodology/approach

The paper is conceptual.

Findings

Although a new paradigmatic question for IB in terms of social value creation would lead IB outside familiar territory in terms of the previous focus on financial performance, IB scholars are well equipped to take on this broader question. IB scholars arguably have their key strengths in understanding the inner workings of firms, as well as in understanding the role of context for business. Moreover, to the extent that this new agenda requires IB scholars to acquire new capabilities and form new partnerships with relevant disciplines, this could contribute to revitalising the IB field. As illustrated by the suggested topics, such an agenda could both increase the relevance of IB research and contribute to theory development.

Originality/value

The paper is amongst the first to explore the notion that a broader view of the outcome of MNE activities, beyond MNEs’ own financial outcomes, should be a key goal of future IB research.

Details

critical perspectives on international business, vol. 16 no. 1
Type: Research Article
ISSN: 1742-2043

Keywords

Article
Publication date: 5 March 2018

Asmund Rygh

The purpose of this paper is to theoretically investigate the potential welfare effects of state-owned enterprises’ (SOEs) international operations.

Abstract

Purpose

The purpose of this paper is to theoretically investigate the potential welfare effects of state-owned enterprises’ (SOEs) international operations.

Design/methodology/approach

The paper is conceptual, applying standard economics state ownership theory based on agency theory and incomplete contracts theory to different forms of SOE cross-border operations.

Findings

When private firms are risk averse or financially constrained, or when writing complete contracts and making credible commitments are not possible, state ownership can achieve objectives such as international operations supporting domestic industrial policy, addressing social objectives in another government’s territory and addressing transnational market failures. Welfare effects may, however, also depend on home-host country relationships.

Originality/value

This is the first application of standard economics state ownership theory to state-owned multinationals. The analysis shows that key conclusions from the state ownership literature in a domestic setting can be extended to international operations, and highlights new theoretical issues arising from SOEs going beyond their home jurisdiction to that of another government.

Details

International Journal of Public Sector Management, vol. 31 no. 2
Type: Research Article
ISSN: 0951-3558

Keywords

Article
Publication date: 29 April 2021

Yanze Liang, Axèle Giroud and Asmund Rygh

Emerging market multinational enterprises (EMNEs) have consolidated their global presence recently, challenging existing international business (IB) theories. One of their…

Abstract

Purpose

Emerging market multinational enterprises (EMNEs) have consolidated their global presence recently, challenging existing international business (IB) theories. One of their most significant characteristics has been the prevalence of strategic asset-seeking (SAS) mergers and acquisitions (M&As) targeting firms in developed countries. Such SAS M&As have been ascribed to the aim of acquiring or augmenting firm-specific advantages, rather than exploiting existing advantages. A literature review is needed to synthesize the growing number of academic studies and to contribute to ongoing theoretical developments on EMNEs' catch-up strategies.

Design/methodology/approach

The authors follow a standard systematic literature review approach. The authors collate academic studies on EMNEs' SAS M&As in developed markets published between 2000 and mid-2020, structuring the analysis using the logic of antecedent, process and performance outcomes.

Findings

The authors present recent research trends in terms of year, journal, theories and methods. The authors synthesize and analyze existing knowledge on EMNEs' SAS M&As and identify remaining gaps to suggest future research directions.

Originality/value

The review contributes by focusing on the key argument of current EMNE research – SAS M&As. By providing the first focused review on this topic, it provides a basis for further research on EMNEs' SAS M&As.

Details

International Journal of Emerging Markets, vol. 16 no. 7
Type: Research Article
ISSN: 1746-8809

Keywords

Article
Publication date: 11 February 2022

Asmund Rygh, Kristine Torgersen and Gabriel R.G. Benito

Well-functioning institutions are repeatedly claimed to attract foreign direct investment (FDI) by reducing the costs and uncertainty of economic activity. Nonetheless, it…

Abstract

Purpose

Well-functioning institutions are repeatedly claimed to attract foreign direct investment (FDI) by reducing the costs and uncertainty of economic activity. Nonetheless, it has been argued that institutions may matter less for FDI in the primary sector. This study aims to theoretically and empirically investigate the role of institutions for attracting FDI in agricultural and in extractive activities.

Design/methodology/approach

This study uses worldwide country and sector-level data on inward FDI for the period 1996–2007. The key independent variables, property rights protection, corruption and democracy, are measured using World Bank Governance Indicators and Polity IV as data sources. Fixed effect panel regression, Tobit regression and generalized method of moments are used for data analysis.

Findings

The authors corroborate the importance of institutions for aggregate FDI. Disaggregating by primary subsector, the authors find that agricultural FDI, like aggregate FDI, is attracted by institutional features such as rule of law and property rights protection and democracy, whereas extractive FDI is not. The authors also find some evidence that corruption deters FDI in both primary subsectors.

Originality/value

The authors take a first step toward linking the largely empirical institutions-FDI literature more closely with the economics-based theoretical discussions of FDI risk grounded on a property rights approach, to discuss issues such as effective control rights over investments, which may vary between sectors. The authors also explore a novel idea that extractive activities may be less sensitive to institutions because the time horizon is limited by the depletion of the resource, resulting in an inherently relatively short-term commitment to a host-country location.

Details

Review of International Business and Strategy, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2059-6014

Keywords

Article
Publication date: 19 August 2021

Young Hoon An, Stefan Zagelmeyer and Asmund Rygh

The dialectics of liabilities of foreignness (LOF) and assets of foreignness (AOF) have led to further explorations of what it means for an organisation to be foreign…

Abstract

Purpose

The dialectics of liabilities of foreignness (LOF) and assets of foreignness (AOF) have led to further explorations of what it means for an organisation to be foreign. This paper reviews, synthesises and contextualises recent research on both the challenges and benefits of foreignness, to develop a balanced and integrated view of this international business concept.

Design/methodology/approach

This review aims at mapping the key concepts, theories, methods and contexts in the literature and organising the key findings in an antecedent-outcomes-strategy framework, explicitly comparing LOF and AOF to explore their interrelationships. Drawing on a sample of 126 journal articles, NVivo was used to code and identify key thematic areas.

Findings

The review confirms a shift in the literature towards acknowledging the notion of AOF. Using different theoretical lenses, it identifies, reviews and discusses antecedents, consequences and strategy implications of LOF and AOF. It argues that foreignness will continue to be a fundamental concept in international business research and suggests that AOF and LOF deserve an equally central place in an integrated analytical framework of foreignness in international business strategy.

Originality/value

The paper is the first systematic attempt to integrate the literature on LOF and AOF. The systematic comparison across drivers, outcomes and strategies allows for a better understanding of the advantages and disadvantages of foreignness and the underlying phenomenon of foreignness. The authors also explore the paradox perspective on foreignness.

Details

critical perspectives on international business, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1742-2043

Keywords

Book part
Publication date: 30 May 2013

Asmund Rygh

International business (IB) research is traditionally heavily reliant on economics. In this chapter, we review selected debates in the philosophy of science of economics…

Abstract

International business (IB) research is traditionally heavily reliant on economics. In this chapter, we review selected debates in the philosophy of science of economics and consider their relevance for economics-based IB research, given important characteristics of IB such as phenomenon-orientedness, concern with data and facts and limited use of formal mathematical models and unrealistic assumptions in the analysis. We argue that, like in the case of mainstream economics, Lakatos’ concept of scientific research programmes (SRPs) is more useful for understanding the philosophy of science of economics-based IB than Popper’s falsificationism. Following this, we discuss characteristics of two possible IB SRPs, internalization theory and Dunning’s Ownership-Location-Internalization paradigm. Finally, we discuss the approach to modelling in IB, finding it to reflect a relative commitment to scientific realism.

Details

Philosophy of Science and Meta-Knowledge in International Business and Management
Type: Book
ISBN: 978-1-78190-713-9

Book part
Publication date: 30 May 2013

Abstract

Details

Philosophy of Science and Meta-Knowledge in International Business and Management
Type: Book
ISBN: 978-1-78190-713-9

Content available
Article
Publication date: 25 March 2020

Rudolf R. Sinkovics, Mats Forsgren, Noemi Sinkovics and Christine Holmström Lind

Abstract

Details

critical perspectives on international business, vol. 16 no. 1
Type: Research Article
ISSN: 1742-2043

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