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Article

Ziko Konwar, Nikolaos Papageorgiadis, Mohammad Faisal Ahammad, Yumiao Tian, Frank McDonald and Chengang Wang

The purpose of this paper is to examine the role of dynamic marketing capabilities (DMC), foreign ownership modes and sub-national locations on the performance of…

Abstract

Purpose

The purpose of this paper is to examine the role of dynamic marketing capabilities (DMC), foreign ownership modes and sub-national locations on the performance of foreign-owned affiliates (FOAs) in developing economies.

Design/methodology/approach

Based on a sample of 254 FOAs in the Indian manufacturing sector (covering the period of 2000-2008 leading to 623 firm-year observations), the empirical paper adopts the panel data regression approach.

Findings

The study confirms the significant importance of DMC to assist FOAs to gain better sales performance in an emerging market such as India. The findings indicate that wholly owned foreign affiliates (WOFAs) have better sales performance than international joint ventures (IJVs), and majority-owned international joint ventures (MAIJVs) perform better than minority-owned international joint ventures in the Indian manufacturing sector. The results confirm that effective deployment of DMC leads to better sales performance in WOFAs and to some extent in MAIJVs. Perhaps the most interesting finding is that developing DMC in non-metropolitan areas is associated with higher sales growth than in metropolitan locations.

Originality/value

The study contributes to the literature by examining the impact of DMC on performance of FOA by considering the organised manufacturing sector in a large and fast growing developing economy. In addition, the results for the moderating effects provide novel evidence of the conditions under which DMC of FOA interact with different ownership modes and influence firm performance.

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Article

Lijun Dong, Xin Li, Frank McDonald and Jiaguo Xie

The purpose of this paper is to draw attention to the significant lower completion rate of mergers and acquisitions (M&As) by firms from emerging economies (EEs) (China in…

Abstract

Purpose

The purpose of this paper is to draw attention to the significant lower completion rate of mergers and acquisitions (M&As) by firms from emerging economies (EEs) (China in particular) compared with firms from advanced economies, and identify the country- and industry-level factors that affect the completion of cross-border M&As by Chinese firms.

Design/methodology/approach

This study explores the effects of economic, cultural and institutional distances and target firms in technology- and knowledge-intensive industries on the completion of cross-border M&As by Chinese firms. It also examines the interplay between distance factors and technology- and knowledge-intensive industries on cross-border M&A completion. This study adopts a quantitative approach and is based on a sample of 768 announced cross-border M&A deals by firms in China between 2000 and 2015.

Findings

The results indicate that economic distance increases the likelihood of the completion of cross-border M&As when the target is in a more developed economy than China, but decreases when the target is in a less developed economy. Cultural and institutional distances have a significant, negative impact on the completion of cross-border M&As. In addition, target technology-intensive industries have a significant direct negative effect on cross-border M&A completion and moderate the relationship between the distance factors and the likelihood of cross-border M&A completion.

Research limitations/implications

The results reveal factors that affect the completion of cross-border M&As by emerging market firms (EMFs). Further research, however, is needed to discover how distance factors affect how EMFs find, evaluate and negotiate international bids. To broaden the scope of the research, data for firms from other EEs would also be required.

Originality/value

The study expands the literature that considers the effects of major distances on cross-border M&A completion. In addition, the importance of defining and measuring distances in the context of cross-border M&As is highlighted. Finally, the study expands knowledge on how cross-border M&As affect the internationalization strategies of EMFs by conceptualizing and testing how target industries affect cross-border M&A completion.

Details

Baltic Journal of Management, vol. 14 no. 3
Type: Research Article
ISSN: 1746-5265

Keywords

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Article

Frank McDonald

This paper examines the role of the European Union (EU) in influencing the development of employment relationships in the Member States. An analysis of the formation and…

Abstract

This paper examines the role of the European Union (EU) in influencing the development of employment relationships in the Member States. An analysis of the formation and development of EU legislation and policies is provided that identifies key players in the processes by which the EU exerts influence over developments in employment relationships. The differential impact of EU actions on organisations is considered with reference to location in Member States and by sector.

Details

European Business Review, vol. 12 no. 4
Type: Research Article
ISSN: 0955-534X

Keywords

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Article

John Fraser, Nuran Fraser and Frank McDonald

Based on the results of an ongoing study into the impact of e‐commerce on UK business. The authors have provided input from both academic and commercial viewpoints. The…

Abstract

Based on the results of an ongoing study into the impact of e‐commerce on UK business. The authors have provided input from both academic and commercial viewpoints. The intention is to monitor the changing landscape of the commercial world over a period of time and this study provides grounding to this process, drawing some important conclusions that will have an effect across a large section of UK business. The paper charts the advent of the e‐commerce revolution and how business is adapting to this new paradigm. Examples include the Co‐operative Bank, Waterstones and RS Components. Legal aspects of the Internet and commerce on it are also interpreted with ramifications for organisations that are protecting their data as well as positioning themselves to exploit the commercial opportunities that the Internet offers.

Details

Supply Chain Management: An International Journal, vol. 5 no. 1
Type: Research Article
ISSN: 1359-8546

Keywords

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Article

Frank McDonald, Heinz J. Tüselmann and Arne Heise

Investigates the role of direct foreign investment (DFI) in promoting employment in host regions in the European Union (EU). A theoretical framework is developed which…

Abstract

Investigates the role of direct foreign investment (DFI) in promoting employment in host regions in the European Union (EU). A theoretical framework is developed which suggests that the initial impact of DFI on employment is likely to be small and mainly linked to the creation of low skilled jobs with the loss of employment in host economies due to the displacement of domestic output by increased exports from the parent companies of subsidiaries. However, in the longer term, DFI flows should diversify the operations of subsidiaries thereby inducing a change in the pattern of jobs in host regions. The framework is assessed using evidence from a survey of German subsidiaries in north‐west England. Concludes with some policy implications and a future research agenda to expand and develop knowledge in this area.

Details

European Business Review, vol. 14 no. 1
Type: Research Article
ISSN: 0955-534X

Keywords

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Article

Frank McDonald and Giovanna Vertova

Considers the importance of geographical and institutional factors in the development of clusters and industrial districts as a response to economic integration in the…

Abstract

Considers the importance of geographical and institutional factors in the development of clusters and industrial districts as a response to economic integration in the European Union (EU). Theoretical works by economists, economic geographers and organisational theorists are synthesised to provide a framework for the analysis of the emergence and/or development of the geographical concentration of firms in response to economic integration in the EU. An explanation based on competitive advantages from creating or developing geographical concentration in response to economic integration is proposed. A threefold classification is made to distinguish between different types of industrial geographical concentration – clusters, industrial districts type I, and industrial districts type II. Argues that the main difference between these three kinds of geographical concentration is attributed to the nature of their networks. Finally, the paper illustrates the importance of geographical concentrations for international business by considering a famous Italian industrial district, the ceramic tile industry in Sassuolo.

Details

European Business Review, vol. 13 no. 3
Type: Research Article
ISSN: 0955-534X

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Article

Frank McDonald, Svetlana Warhurst and Matthew Allen

This paper investigates whether changes in autonomy and embeddedness in host locations by foreign owned subsidiaries are associated with improvements in performance by…

Abstract

This paper investigates whether changes in autonomy and embeddedness in host locations by foreign owned subsidiaries are associated with improvements in performance by subsidiaries. The results provide evidence that increasing operational decision‐making autonomy is associated with enhanced performance as measured by both subjective and more objective measures of performance. The results on the importance of increasing strategic decision‐making autonomy and embeddedness are less clear, with improved performance being detected in some cases, but only for the subjective measure of performance.

Details

Multinational Business Review, vol. 16 no. 3
Type: Research Article
ISSN: 1525-383X

Keywords

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Article

Frank McDonald, Heinz Josef Tüselmann, Svitlana Voronkova and Sougand Golesorkhi

The purpose of this paper is to explore the relationships between the strategic development of subsidiaries and the likelihood of subsidiaries exporting on an…

Abstract

Purpose

The purpose of this paper is to explore the relationships between the strategic development of subsidiaries and the likelihood of subsidiaries exporting on an intra‐regional basis to European markets.

Design/methodology/approach

The paper defines the strategic development of subsidiaries as increases in autonomy, embeddedness in host locations and use of networks and host country sourcing. The location of subsidiaries in industrial clusters is also considered. Use is made of multinomial probit analysis of a survey of 391 UK‐based subsidiaries to identify the relationships between the strategic development of subsidiaries and supplying European markets.

Findings

The study finds some evidence that there are links between increasing networks and supplying European markets, but there is no evidence that developing host country sourcing is associated with European supply. Location in an industrial cluster is consistently associated with supplying European markets, and autonomy also appears to be closely associated with supplying European markets.

Research limitations/implications

Extension of the research is required to other regional trade blocs such as Mercosur and North American Free Trade Agreement. The role of networks and the links to location in industrial clusters require further exploration, and future research needs to include the services and knowledge‐intensive sectors.

Originality/value

The paper adds to the understanding of subsidiary development in the context of intra‐regional trading and thereby expands the literature on the regional strategy of multinationals. It highlights the importance of different types of autonomy for encouraging intra‐regional trade by foreign‐owned subsidiaries, and the central role of location in industrial clusters.

Details

Multinational Business Review, vol. 19 no. 3
Type: Research Article
ISSN: 1525-383X

Keywords

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Article

Frank McDonald, Michael Dwyer and Frank Wendt

Black economy activities are widespread in nearly all economies butItaly appears to have a pronounced problem in this area. Smallprivately‐owned companies in Italy find it…

Abstract

Black economy activities are widespread in nearly all economies but Italy appears to have a pronounced problem in this area. Small privately‐owned companies in Italy find it relatively easy to engage in black economy activities – mainly the practice of tax evasion, that is, fraudulent and illegal activities undertaken to reduce tax liability. Illustrates how the black economy works in a typical small Italian company. Also examines some of the main implications for government and companies: in particular, the effects of a new law to curb tax evasion by small companies.

Details

Management Decision, vol. 32 no. 3
Type: Research Article
ISSN: 0025-1747

Keywords

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Article

Frank McDonald

A review of the two major reports published on the likely effectsof the Single European Market, together with a review of a book (Pelkmanand Winters) which seeks to…

Abstract

A review of the two major reports published on the likely effects of the Single European Market, together with a review of a book (Pelkman and Winters) which seeks to examine the impact of different reviews of a single market and to assess the likely effects on the UK economy. The review seeks to set out the primary and secondary effects of creating a Single European Market. This is done for both the economic and, to a lesser extent, the political environment.

Details

Journal of Economic Studies, vol. 16 no. 4
Type: Research Article
ISSN: 0144-3585

Keywords

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