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This paper sets out to identify and categorize existing academic literature using the CSA/FSA matrix as it relates to environmentally responsible management in an international business context. It further identifies current trends and potential future research avenues.

This paper undertook an examination of the literature as it pertains to international business activities of multinational enterprises (MNE) and environmentally responsible management (ERM) practices. In keeping with the focus of this review, only articles that discussed ERM in an international or multinational setting were considered, meaning that research focused on practices in only one country was not included.

Some general themes were found in the literature regarding ERM activity and development in an international business context. One overriding theme is the relationship between the strategies, organization, goals and values of MNEs on the one hand versus the conditions and natures of host countries on the other. The CSA/FSA matrix uncovered a significant lack in FSA based research suggesting a focus for future research.

The paper provides a thorough review of existing literature and supplements future research by categorizing major areas of focus and methodologies. This review generates significant building blocks for future research avenues and paths to be discovered through the use of the CSA/FSA matrix and the interaction between the factors.

Recent empirical findings on the relationship between internationalization and firm performance (I–P) suggest a significant role of firm's context. Extending this line of argument, the authors study the effect of internationalization on firm's performance for emerging market firms from knowledge-intensive industries, taking into account the firm's motive of internationalization and host country’s location-based advantages.

The authors link host country-specific advantages (CSAs) with firm-specific advantages (FSAs) to identify three distinct settings of internationalization for emerging economy firms – (1) asset-exploitative internationalization in developing or least developed countries, (2) asset-exploitative internationalization in developed countries and (3) strategic asset-seeking internationalization. The authors test this study’s hypotheses on a sample of 415 Indian firms from knowledge-intensive industries.

The authors find that firm's performance upon internationalization is non-linear in each of the three different settings. The nature of the non-linear relationship depends upon location-based advantages of the host country and the motive of internationalization.

The motive of internationalization and the location-based advantages sought during internationalization are unique for emerging economy firms. Hence, the study extends understanding of the I–P linkage in an emerging economy context.

I am honored to receive the Booz Allen Hamilton/strategy+business Eminent Scholar Award in International Management. I am even more honored to follow in the footsteps of such distinguished previous recipients of the AOM-IMD (Academy of Management-International Division) Distinguished Scholar Award as: John Child, Christopher Bartlett, Sumantra Ghoshal, John Dunning, and Yves Doz. Like them, I shall reflect here on my past contributions to scholarship, and then use this work as a building block for the major part of this paper, which is on the need for new and relevant theory in the field of international management.

This paper aims to link location choice and ownership structure to the debate on the multinationality–performance relationship.

This paper draws on a panel data set that covers 1,321 emerging economy multinational enterprises (EMNEs) and includes 4,227 observations from 44 emerging economies between 2004 and, 2013.

The empirical results find that multinationality has a positive effect on EMNEs’ performance, and that this positive effect is larger for their investments in developed countries than in developing countries. The study also finds that this positive effect of foreign operation in developed countries switch to negative at higher levels of multinationality for privately owned EMNEs than for state-owned EMNEs.

This paper provides new empirical evidence to support an institutional perspective of the internationalisation of EMNEs that are investing in developed countries, contributing to the multinationality-performance literature, highlighting the importance of foreign direct investment location decision and ownership structure.

The purpose of this study is to examine the applicability of the Kogut and Singh index to the psychic distance scales of Dow and Karunaratna. This is in response to recent scholarly articles that have used the Kogut and Singh index in combination with the scales of Dow and Karunaratna in order to calculate composite psychic distance scores.

The paper reviews the literature on the measurement of psychic distance, in particular with regard to the empirical usage of the scales of Dow and Karunaratna. In addition, it develops a new approach to calculate aggregate psychic distance scores.

The findings indicate that the Kogut and Singh index is not appropriate to use in combination with the psychic distance scales of Dow and Karunaratna. The paper proposes an alternative methodology for calculating aggregate psychic distance scores which involves standardizing the raw scores of the psychic distance dimensions of Dow and Karunaratna and establishing summated scales.

The study contributes to the literature by proposing an alternative methodology for the psychic distance scales of Dow and Karunaratna rather than the Kogut and Singh index. In light of the prominence of these two influential and widely-cited articles, this commentary challenges the notion of calculating psychic distance.

Conventional studies of international competitiveness use country‐level data, but the aim of this paper is to extend this work by using firm level data of large Asian firms.

The authors gathered the regional sales and assets data for large Asian firms listed in latest Fortune Global 500 from their annual reports. They then applied the data to the firm specific advantage/country specific advantage matrix and the regional matrix frameworks developed by Rugman.

It is found that most Asian firms do not operate globally, but focus on their home region. Thus, Asian firms exploit and develop their FSAs regionally. Only a few large Japanese and Korean firms have significant sales outside of Asia. Large Asian firms vie with their regional competitors in their home region market.

International competitiveness does not necessarily mean globalization or global competition. International strategic management should consider the reality of regional competition.

Of the 75 Asian firms with data on regional sales, only three are global whereas 66 have the majority of their sales in their home region. Why is this? Despite a large literature extolling the global success of Asian firms, especially the Japanese, why does the evidence suggest that most Asian firms operate regionally? This study explains how most large Japanese firms have firm-specific advantages, which are based in their home region.

The purpose of the current study is to examine the empirical research conducted on the Arab region as reported in the top 46 business journals over the past 23 years (1990-2013). After identifying patterns over time (focal country and methodologies), the identified methodological challenges that scholars have reported in their published research are presented.

The Arab region in this study comprised all 22 member-countries in the Arab League. We also added three other countries that are very much tied to the Arab region and are usually included in the Middle East: Turkey, Israel and Iran. Following the recommendations of previous authors (DuBois and Reeb, 2000; Nicholls-Nixon et al., 2011; Martinez and Kalliny, 2012), published articles are reviewed, but not book chapters, book reviews and dissertation abstracts from our sample, as they do not meet the sample selection criteria (Inkpen and Beamish, 1994; Samiee and Athanassiou, 1998).

As Table I indicates, the Arab region has not received much attention in the top business journals as evidenced by the number of articles published from 1990 to 2013. No papers were published in many of the top management journals such as the Academy of Management Review and Strategic Management Journal. Few found publication in other top management outlets such as the Academy of Management Journal, the Administrative Science Quarterly, the Journal of Management and the Journal of Management Studies. Our sample also revealed a similar result in the field of marketing where there are also no papers published in some of the top marketing journals such as the Journal of Marketing Research, Journal of Consumer Psychology and Marketing Science. There was one paper published in the Journal of Marketing and one in the Journal of Retailing. Bearing in mind that this literature review covered a span of 23 years, these results indicate an under-representation of the Arab region as an empirical context. This trend has started to change after the eruption of the Arab Spring. Academic business research on the Arab region has increased significantly since then. Another significant finding is the lack of investigation of the firm and country factors in studying the region.

As the world becomes increasingly connected and the fates of countries and regions become more intertwined, it is imperative that scholars and practitioners acquire a deeper understanding of individual countries and regions, particularly those that have been relatively understudied in the extant academic research (i.e. the Arab region). While there is a substantial body of Asian management research, as well as several comprehensive literature reviews of other regions (Bruton and Lau, 2008), a systematic review of Arab and Middle Eastern business research has not been undertaken. Despite much regional attention in political science research due to the Arab – Israel conflict, management research has lagged behind.

This paper aims to examine the global competitiveness of an emerging market multinational (EMM) from China through the case of a major European acquisition, in Italy, in the heavy construction industry. Country- and firm-specific factors are considered. Horizontal integration in this oligopolistic industry changes the industry dynamics, with significant implications for its players.

The paper follows case study methodology and triangulates data through a literature review, an examination of available company data and interviews of key personnel. Firm- and country-specific factors, both advantages and disadvantages, including the business environment in the construction industry, globally and regionally, are analyzed.

The paper identifies several key success factors at the firm level, including the integration of research and development, marketing and sales; the development of extensive communication and trust among the managers of both companies; the exploitation of the Chinese market as a source of demand; and the shifting of selected production lines to the Chinese market.

The traditional models of country-specific advantages/disadvantages and firm-specific advantages/disadvantages are augmented by examining the host market and industry task environments. Host country-specific factors for successful integration include favorable local conditions, both in terms of endowments and institutions, and an industrial cluster with supporting firms and services.

Following the case study, managers can refer to the key success factors to emulate “best practices”. The paper concludes with a heuristic developed by the Chairman of Zoomlinon, Chunxin Zhan, underlining five principles for a successful EEM acquisition: understanding, sharing, responsibility, compliance and coordination.

This paper develops a deep case study analysis and provides useful theoretical and practical implications with reference to Chinese acquisition in the Western markets.