Call for conference papers: Africa Direct Investment

Call for Papers for the AIB SSA 2015 Conference on “AFRICA DIRECT INVESTMENT: Trends, Prospects, Challenges and Policy Issues” which will take place from August 26-28, 2015, in Johannesburg, South Africa.

First Call for Papers – The AIB SSA 2015 Conferenc

In recent years much attention has been paid to the surge in Foreign Direct Investment (FDI) from the so-called BRIC countries – Brazil, Russia, India and China – in Africa. However, there is a significant unfolding development that has yet to receive as much attention: the marked increase in African firms investing in Africa, or Africa Direct Investment. According to Ernst & Young, intra-African FDI is growing faster than FDI from any other region and has increased over 30 per cent since 2007; in a similar vein, in the period 2003/13, there were more greenfield investments from African firms (994) than there were from Asian (including Chinese and Indian) firms (959), according to fDi Markets.

With the decades-long dream to expand intra-African trade and investment – evident in the dozens of treaties, regional trade agreements and public speeches of African political leaders – finally becoming a reality, there is a need to understand what factors are driving this trend, as well as the prospects, challenges and policy implications. Our 2015 annual conference therefore aims to shed light on this topical issue. We seek conceptual and empirical papers, as well as teaching case studies and panels from scholars, business professionals, policy makers, doctoral, graduate and undergraduate students which contribute to a greater understanding of the issues contained in the theme above.

We also welcome submissions that address wider international business and management
agendas and geographical contexts.

Submissions should be made to (only) one of the following tracks:

•  Intra-African Trade & Africa-to-Africa Internationalization Strategy
•  International Entrepreneurship, SMEs & Informal Exporting
•  FDI, Global Value Chains & the Geography of IB
•  Human Resources, Culture & Language in International Business
•  Marketing & Consumers in International Business
•  Sustainability, Responsible Leadership & Governance of Natural Resources
•  Economic Diplomacy & Institutional & Political Environment of IB
•  International Finance, Accounting & Economics
•  General Track: International Business & Management
•  Teaching Cases Track
•  Student Track (excluding Doctoral students)

Submission Deadline: April 30, 2015

I am looking forward to seeing you all in Johannesburg.



All the best,



Ulf Richter




----------------------------------------

Dr. Ulf Henning Richter
Assistant Professor of Strategy
Nottingham University Business School China
Office: AB 356
199 Taikang East Road

Ningbo, Zhejiang, China 315100

Tel:    +86 574 88186342

Mob: +86 1886785 9353

Fax:   +86 574 88180188

ulf.richter@nottingham.edu.cn

http://www.nottingham.edu.cn/en/business/

Special Issue: Non-Traditional Expatriates. Journal of Human Resources Management

CALL FOR PAPERS for a special issue of the

International Journal of Human Resource Management
NON-TRADITIONAL EXPATRIATES 

• Paper submission deadline: 31st January 2015 
• Guest Editors: Yvonne McNulty and Kate Hutchings 

 It has been suggested that for nearly 50 years a steady stream of academic research has studied traditional, organizationally-assigned expatriates (Adler, 2002; Taylor, Napier, & Mayrhofer, 2002; Vaiman &Haslberger, 2013), whom have typically been senior, Western, males in their late 1940s or early 50s, with an accompanying female spouse and children. Over the past decade the profile of the traditional expatriate has changed (see Brookfield Global Relocation Services, 2012), largely because society, particularly in the Western world, reflects considerable deviation from the traditional household composition of the past: fewer nuclear families, smaller numbers of household members, and more couples living together out of wedlock often with children (Duxbury, Lyons, & Higgins, 2007; Office for National Statistics, 2012). Undoubtedly, the global talent pool today is staffed with more non-traditional expatriates than ever before – among them executive women, married couples without children, female breadwinners, single and unaccompanied men and women, younger early-career people, empty-nesters and semi-retired people over 60, split families, and same-sex partnerships.
Yet, the experiences of women and men within this non-traditional expatriate population are not well known.

 In this Special Issue, we invite submissions focused on non-traditional expatriates. We define non-traditional expatriates as including the following types of arrangements (noting that this may not be an exhaustive list): Status-reversal marriages/partnerships (female expatriates) with a male ‘trailing spouse’ where the primary income is generated by the wife, Single expatriates unaccompanied by a partner or children, including split families where an assignee’s immediate family members remain in the home country or prior location, ‘Empty-nesters’ or semi-retired expatriates over the age of 60, Expatriate couples cohabitating outside of legal marriages, with or without accompanying children, Blended expatriate families with step-children from prior relationships subject to custodial arrangements and not sharing the same family name, Expatriate families adopting foreign children in the host-country during an assignment, Lesbian, gay, bisexual or transgender expatriate partnerships, with or without children, Single parents with or without international custody arrangements, Expatriates with special needs children, and Expatriates with multigenerational responsibilities, i.e. accompanied on assignment by elderly parents or other family members. Our goal in this Special Issue is to explore the experiences of non-traditional expatriates and in doing so contribute to balancing the picture that existing research provides of the profile of expatriates.

Specifically, we aim to:

• (i) address the gap in research that has not sufficiently addressed the experiences of this segment of the global talent pool; and 
• (ii) propose a future research agenda to guide more scholarly work in this area. 

Topics that might be explored (among others) include:

• What are the similarities and differences in the experiences of non-traditional and traditional expatriates? 
• Who is a non-traditional expatriate? 
• How represented are non-traditional expatriates among the global talent pool? 
• What are the reasons for non-traditional expatriates accepting international assignments or opting out of international assignment opportunities altogether? 
• What are the legal, social, physical, emotional, psychological and policy challenges that non-traditional expatriates must overcome when deciding to expatriate? 
• Is the ‘glass border’ real and does it act as a deterrent to expatriate for non-traditional assignees? 
• What are the factors that contribute to the success of non-traditional expatriates on international assignments? 
• What are the unique needs of non-traditional expatriates and what support do they receive from organisations, other expatriates, and host country nationals? To what extent do non-traditional expatriates favour a particular type of assignment, assignment duration, or assignment location, and why? 

 Submission guidelines 

 We welcome quantitative, qualitative (including case studies) and conceptual papers that provide unique insights into non-traditional expatriates and non-traditional expatriation. Single-country studies are also welcome provided the focus remains on topic. Findings and/or conceptualisations should have theoretical and policy implications, and seek to inform management practice. The editors of the Special Issue will be pleased to discuss initial ideas for papers via email. Submitted papers must be based on original material not under consideration by any other journal or publishing outlet. The editors will select up to 8 papers to be included in the special issue, but other submissions may be considered for other issues of the journal. All papers will be subject to a double-blind peer review in accordance with the journal guidelines. Manuscripts should be submitted online using the International Journal of Human Resource Management ScholarOne Manuscripts site (http://mc.manuscriptcentral.com/rijh) and in accordance with the author guidelines on the journal’s home page.

New users should first create an account. Once a user is logged onto the site submissions should be made via the Author Centre. To submit your manuscript to the Special Issue on ‘Non-Traditional Expatriates’, choose the title of the Special Issue from the Manuscript Type list. When you arrive at the ‘Details and Comments’ page, answer ‘yes’ to the question ‘Is this manuscript a candidate for a special issue’ and insert the title of the special issue in the text field provided.

 Important dates 

•  Paper submission deadline: 31st January 2015
• Acceptance notification: 30 April 2015 Publication: 2015 

 References

• Adler, N. 2002. Global managers: No longer men alone. International Journal of Human Resource Management, 13(5): 743-760. 
• Brookfield Global Relocation Services. 2012. Global relocation trends survey report. Woodridge, IL. Duxbury, L., Lyons, S., & 
• Higgins, C. 2007. Dual-income families in the new millenium: Reconceptualizing family type. Advances in Developing Human Resources, 9(4): 472-486. 
• Office for National Statistics. 2012. Comparing data sources on families and households. South Wales, UK: Office for National Statistics. 
• Taylor, S., Napier, N., & Mayrhofer, W. 2002. Women in global business: Introduction. International Journal of Human Resource Management, 13(5): 739-742. 
• Vaiman, V., & Haslberger, A. 2013. Managing talent of self-initiated expatriates: A neglected source of the global talent flow. In V. Vaiman, & A. Haslberger (Eds.), Managing Talent of Self-initiated Expatriates: 1-15. London: Palgrave Macmillan.

Call for conference papers:

Reading-UNCTAD Conference 2015

13-14 June 2015

Henley Business School at the University of Reading

“Contemporary issues in international business theory”

and Rugman Memorial

www.henley.ac.uk/ibconference2015


Henley Business School at the University of Reading is delighted to announce the Fifth Reading - 'UNCTAD International Business Conference, organised in collaboration with the United Nations Conference on Trade and Development (UNCTAD). The 2015 conference is the second in the series that is jointly organised with UNCTAD. Therefore, in addition to focusing on conceptual issues, we will also be paying close attention to policy implications.

The conference - which is traditionally held in April - has been moved to June, in memory of Alan Rugman. A plenary session, commemorating and extending Alan¹s work by prominent scholars will be organized on the first day, as well as a series of parallel sessions. Speakers at the include:

• · Julian Birkinshaw, London Business school
• · Geoffrey Jones, Harvard Business School

We will hold a memorial on the evening of the 13th, so that people may share their reminiscences about the life and work of Alan in an informal setting.

Details on how to register and deadlines/instructions for paper submission can be found at: www.henley.ac.uk/ibconference2015


The debate/discussion panels for the 2015 conference:

• · Where is the individual in IB research? 
• o Mark Casson, University of Reading
• o Marcus Moller Larsen, Copenhagen Business School, and Dunning Fellow
• o Paulina Junni, Bi Norwegian Business School
• o Alain Verbeke, University of Calgary/University of Reading

· 25 years of UNCTAD’s World Investment Reports

• o Peter Buckley, Leeds University
• o Rajneesh Narula, University of Reading
• o Hafiz Mirza, UNCTAD

· FDI from and to regulated sectors

• o Marcelo Bucheli, University of Illinois, and Dunning Fellow
• o Esteban Garcia-Canal, University of Oviedo
• o Johan Lindique, University of Amsterdam
• o Snehal Awate, Indian Business School

Paper submission

The 2015 conference will have both interactive sessions and Parallel sessions. The deadline for paper submission is February 1, 2015

Papers should contribute to conceptual development. Further details at:
www.henley.ac.uk/ibconference2015

Call for papers. Special issue: Sustainability, Institutions, and Internationalization in Emerging Markets: Roles of Sustainable Innovation for Sustainable World Development

Special issue call for papers from International Journal of Emerging Markets

Sustainability, Institutions, and Internationalization in Emerging Markets: Roles of Sustainable Innovation for Sustainable World Development

Deadline approaching soon: December 15, 2014

Visit call for papers at http://www.emeraldgrouppublishing.com/products/journals/call_for_papers.htm?id=5254

Topics for inclusion (among others)

We welcome papers within the broadly defined subject theme area from all the major disciplines in business and management studies, including: strategy, international business, organizational behavior and cross-cultural management, marketing, operations and decision sciences, finance and accounting, international trade and business economics. Potential topics include, but are not limited to:

• Sustainability as a driver for innovation, growth and internationalization – analyses from developed and developing world
• The role of sustainability and institutions in promoting or constraining innovation in emerging markets
• Factors impacting the geographic clustering of internationalization efforts in sustainability worldwide
• The impact of distance on sustainable innovation and internationalization
• The effect of internationalization on sustainable innovation within a company or geographic region
• The role of institutions in promoting or constraining inward and outward internationalization
• Managerial mindsets needed for sustainable innovation and internationalization in emerging markets
• Cross-cultural collaboration in sustainable innovation efforts
• The marketing of sustainable innovations in emerging markets vis-à-vis the developed world
• Theoretical and Empirical contributions to the field of sustainability, institutions, and emerging markets

You may contact the guest editors if you have questions:


Dr. Anshu Arora
Associate Professor - Marketing
Director of Global Logistics & International
Business Center
Savannah State University, Georgia, USA
aroraa@savannahstate.edu
Phone: +1 912 358 3387


Dr. Nicole Hartley
Lecturer - Marketing
University of Queensland Business School
University of Queensland,
Brisbane, Australia
n.hartley@business.uq.edu.au
Phone: +61 7 3346 8022

Call for papers: Special Issue. International Journal of Emerging Markets

International Journal of Emerging Markets
Call for Papers for Special Issue on

New Wine in Old Bottles? The Role of Emerging Markets Multinationals in advancing IB Theory and Research.

Special Issue Editors:

• Bersant Hobdari (Copenhagen Business School)
• Lourdes Casanova (Cornell University)
• Peter Hertenstein (University of Cambridge)

In many respects, multinationals are a defining invention of Western economies. But like much else, they are no longer the preserve of the West. The emerging economies are producing business giants of their own at a staggering rate. While these businesses share the scale and ambition of their developed-world counterparts, their processes and patterns of growth are often dissimilar to those of their competitors in the developed world. They are success stories that are changing the narrative rules as they go along.

As emerging market countries gain in stature, their companies are taking center stage. Emerging market companies accounted for over 40 percent of world exports and around a quarter of outward foreign direct investment investments flows (UNCTAD, 2012; Contractor, 2013). These emerging market companies will continue to be critical competitors in their home markets while increasingly making outbound investments into other emerging and developed economies. Working to serve customers of limited means, the emerging market leaders often produce innovative designs that reduce manufacturing costs and sometimes disrupt entire industries.

The state of the literature is divided in between those who claim that emerging market multinationals are similar to their Western counterparts and those who claim that these multinationals are a new phenomenon requiring new theories and frameworks. Arguments in support of new theoretical models in which EMNEs can contribute to IB theory can be divided into two streams. Ramamurti (2009), on the one side of the argument stresses the role of country of origin and other contextual factors in shaping emerging market multinationals internationalization strategies. In this respect, there is a need for empirically grounded research to discover ownership-specific advantages of emerging market multinationals, which either help or hinder internationalization process (Ramamurti, 2012). On the other side of the debate, others, like Dunning, Kim, and Park (2008) and Williamson and Zeng (2009), give reasons to believe that emerging market multinationals do not behave differently because of their origin, but because of fundamental changes in the world economy. As a consequence, emerging market multinationals would act similar to young multinationals from developed countries. In between these opposing views, Cuervo-Cazurra (2012) argues that the behavior of emerging market multinationals can be explained by extending and modifying the existing models rather than building new ones.

Consequently, we are soliciting empirical and theoretical work addressing these complex relationships between various forms of contextual heterogeneities and emerging market multinationals. This special issue provides an opportunity to bring together the research of scholars from a diverse range of disciplinary traditions such as economics, sociology and political science. As such, the following list of potential research questions is merely illustrative of the broad range of studies that could fit in the special issue:

• · Are emerging market multinationals different from similar-aged developing market multinationals?
• · Does the change in global economic conditions call for a radical change in the behavior of multinationals?
• · What opportunities do fine sliced global value chains open for entry and upgrading of emerging market multinationals in the global economy?
• · Can emerging market multinationals help broaden the concept of ownership advantages beyond the traditional definition including technology and brand value?
• · Does availability of finance and existence of internal capital markets shape the response of emerging market multinationals to the financial crisis?
• · Do emerging market multinationals use CRS and sustainability initiatives as sources competitive advantage?
• · Are there contextual elements that make emerging market multinationals truly unique?
• · How does corporate governance affect internationalization strategies of emerging market multinationals?
• · What are the dynamics of the interrelationship between institutional change and corporate strategy?
• · Do emerging market multinationals possess institutional capabilities that can be transferred across borders?

Deadlines, Submission Guidelines and Co-Editor Information

Submissions to the Special Issue must be submitted through the IJoEM website. The deadline for submissions is October 1, 2015. For general submission guidelines, seehttp://www.emeraldinsight.com/products/journals/author_guidelines.htm?id=ijoem. No late submissions will be accepted. We have a marked preference for submissions which debate with, extend, and/or refute the indicative literature cited below. Please indicate that your submission is to be reviewed for the Special Issue on Emerging Economy Multinationals. For questions about the special issue, please contactBersant Hobdari, Guest Editor, at bh.int@cbs.dk.

Indicative Contemporary Literature

• Buckley, P. J. 2014. “Forty years of internationalisation theory and the multinational enterprise.” Multinational Business Review 22 (3): 227-245.
• Contractor, F. J. 2013. “Punching above their weight.” International Journal of Emerging Market 8(4): 304-328.
• Ramamurti, R. 2012. “What is really different about emerging market multinationals?” Global Strategy Journal 2: 41-47.
• Ramamurti, R. 2009. “What have we learned about emerging-market MNEs?” In Emerging Multinationals in Emerging Markets, Ramamurti R, Singh JV (eds). Cambridge University Press, Cambridge, U.K.: 399–426.
• UNCTAD. 2012. World Investment Report 2012: Towards a New Generation of Investment Policies. United Nations Conference on Trade and Development; Geneva, Switzerland.
• Cuervo-Cazurra A. and Genc M. 2008. “Transforming disadvantages into advantages: developing country MNEs in the least developed countries.” Journal of International Business Studies 39: 957–979.
• Aharoni, Y. 2014. "To understand EMNEs a dynamic IB contingency theory is called for." International Journal of Emerging Markets 9(3): 377 – 385.
• Cuervo-Cazurra A. 2012. “Extending theory by analyzing developing country multinational companies: Solving the Goldilocks debate.” Global Strategy Journal 2: 153-147.
• Cuervo-Cazurra A. and Ramamurti, R. (eds). 2014. Understanding multinaitonals from emerging markets. Cambridge University Press, Cambridge, U.K.
• Dunning J. H., Kim C., and Park D. 2008 , “Old wine in new bottles: a comparison of emerging-market TNCs today and developed-country TNCs thirty years ago”, in The Rise of Transnational Corporations from Emerging Markets: Threat or Opportunity?, Sauvant K. (ed), Edward Elgar: Northampton, MA.
• Williamson P and Zeng M. 2009, “Chinese multinationals: emerging through new global gateways”, in Emerging Multinationals in Emerging Markets, Ramamurti R. and Singh J. (eds), Cambridge University Press: Cambridge, U.K.

Call for Papers. Special Issue: Immigrant and Ethnic Entrepreneurship

Entrepreneurial Business and Economics Review

2015, Vol. 3, No. 3

CALL FOR PAPERS

The forthcoming issue will focus on

IMMIGRANT AND ETHNIC ENTREPRENEURSHIP

• Issue editor: Jan Brzozowski (Cracow University of Economics, Poland) 
• release: September 2015
• papers submitting deadline: May 30, 2015

Covered Topics:

• · Immigrant vs. ethnic businesses: theories, concepts and definitions
• · Immigrant economic adaptation and entrepreneurship: models and strategies
• · Immigrant entrepreneurship: necessity or opportunity-driven?
• · Ethnic enclave development and entrepreneurship in new immigration countries (esp. in Central and Eastern Europe)
• · The development/evolution of immigrant and ethnic businesses: from ethnic enclaves into the mainstream economy 
• · Immigrant selective policies and development of immigrant-owned businesses
• · Social remittances and immigrant entrepreneurship
• · Succession in immigrant family businesses: dissolution of "ethnic" features or reinforcement of ethnic traits?
• · Immigrant entrepreneurship and assimilation
• · Transnational immigrant entrepreneurship and the sustainability of transnational engagement over time
• · Diaspora economic engagement and the investments of immigrant enterprises in home countries

Submission

• · Notification of the title of your paper until March 15, 2015.
• · The complete articles must be submitted until May 31, 2015.
• · Final submission (with issue number) should be sent at eber@uek.krakow.pl or directly to the issue editor at jan.brzozowski@uek.krakow.pl (Dr Jan Brzozowski). 

We are looking forward to your submission!

On behalf of the Editorial Board of „Entrepreneurial Business and Economics Review”

Prof. Krzysztof Wach, PhD Jan Brzozowski, PhD

Editor-in-Chief Issue Executive Editor

EBER Journal

The concept of the Journal is to provide a broad and unified platform for revealing and spreading the economics and management research focusing on entrepreneurship, entrepreneur as well as particular and specific entrepreneurial aspects. It attempts to bridge the gap between the theory and practice in different sections of economics and management. The Journal is trying to link theory and practice by publishing different types of articles, including research papers, conceptual papers, literature reviews, or case studies. The Journal accept the articles from the following fields: 

• Entrepreneurship and Human Capital (especially entrepreneurship and innovation, strategic entrepreneurship, corporate entrepreneurship, new trends in HRM and organizational behaviour), 
• Management and Business Studies (especially entrepreneurial management, entrepreneurial business, modern trends in business studies and organization theory), 
• International Business and International Economics (especially international entrepreneurship and new trends in international economics), 
• Applied Economics and Statistics (especially the role of entrepreneurship and the entrepreneur in economics – microeconomics and macroeconomics, new trends in economics, current research in statistics and demography), 
•  Public Policies and Business Education (especially policies in favour of entrepreneurship, innovation, R&D and SMEs, education for entrepreneurship, new trends in social sciences

EBER is indexed on the IC Master Journals List (Index Copernicus International), BazEkon, CEEOL, ROAD, WorldCat, Econis, Econbiz, PBN and Arianta. All articles are available in both printed and electronic format (PDF) at our website.

For detailed information about our journal, thematic issues, editorial requirements, as well as copyright statement and electronic versions of published papers please refer to our website: www.eber.uek.krakow.pl

Call for papers: Globalization of Capital Markets

Journal of International Management Special Issue Call for Papers

GLOBALIZATION OF CAPITAL MARKETS: IMPLICATIONS FOR FIRM STRATEGIES

GUEST EDITORS

• Igor Filatotchev, City University London and Vienna University of Economics and Business
• R. Greg Bell, University of Dallas
• Abdul A. Rasheed, University of Texas at Arlington

Submission Deadline: May 15, 2015

The increasing integration of global capital markets now makes it easier for firms to access capital outside of their home countries. Firms access international capital markets through a variety of means such as initial public offerings (IPO), seasoned equity offerings (SEO), cross-listings, depository receipts, special purpose acquisition companies (SPACS), shelf offerings, private equity and other informal equity capital channels. Firms can also access debt resources outside their market through bank loans, and foreign bond issues. Finally, cross border flows of venture capital (VC) continue to increase rapidly. The objective of this Special Issue will be to explore the challenges firms face in capital markets beyond their domestic boundaries, be it equity, debt, or VC markets.

While IB research continues to evaluate the challenges facing firms in foreign product markets, IB scholars have yet to adequately address the underlying reasons why firms face challenges in foreign equity markets. These include underpricing, higher underwriting and professional fees, higher listing fees, audit fees (Bronson, Ghosh, and Hogan, 2009), and greater risk of lawsuits (Bhattacharya, Galpin, and Haslem, 2007), and home bias on the part of investors (French and Poterba, 1991). Further, research suggests the existence of a “foreign firm discount” relative to host market firms (Frésard and Salva, 2010).

Venture capital and private equity have truly become global phenomena and take many forms such as cross-border investment, foreign acquisitions, VC firms opening offices overseas, and influencing their portfolio firms to enter and exit international stock exchanges. Foreign firms raise significantly more debt than equity in the U.S.. Indeed, the largest component of the international capital market is the bond market.

Research on the motivation, the processes, the supporting mechanisms, and the range of outcomes that firms experience as a result of entering international capital markets is extremely limited so far. We believe such research can draw from a variety of theoretical perspectives and research traditions in international business. The choice of whether to access financial resources outside of the firm’s home market, how to select the appropriate foreign market, and the manner in which to raise resources are all relevant questions that parallel prior IB research market and entry mode choice. IB scholars consider LOF as the “fundamental assumption driving theories of the multinational enterprise” (Zaheer, 1995: 341). Yet, the conceptualization and research on LOF solely based upon product market may be inadequate today given the increasing integration of capital markets (Bell, Filatotchev and Rasheed, 2012).

In addition to the main theoretical perspectives in international business, the Special Issue welcomes scholars and perspectives from diverse disciplines such as finance, economics, and sociology.

TOPICS

The interaction between product market and capital market strategies
Prior research shows that the decision to list abroad has implications on the success of the firm’s products. What are the implications of capital market strategies for product market strategies and vice versa?

• Culture and capital markets

There is a growing body of research that investigates how culture affects both economic exchange and outcomes by affecting expectations and preferences (Guiso, Sapienza, and Zingales, 2009). How does culture affect cross-border transactions in formal or informal capital markets?

• The role of distance

Even in a world where technology has shrunk distance and time, spatial costs are non-trivial. Do spatial costs exist in financial markets? Moreover, do spatial costs impact capital market strategies, and the choice of foreign capital markets?

• The role of innovation

Financial markets are continuously producing new vehicles through which firms can acquire capital resources. What are the antecedents of innovations in global capital markets? How do firms take advantage of these innovations?

• Institutional environments and their implications on capital market strategies

New exchanges in Europe and Asia with vastly different listing and disclosure requirements thank New York and London. How has the competition among stock exchanges impacted the international capital raising strategies of firms?

• Liabilities of Foreignness

What are the sources of Liabilities of Foreignness (LOF) that firms face in formal or informal capital markets and what are the strategies that enable firms to overcome them?

• Informal capital market strategies

Private equity represents an innovation in the ability to provide capital to unquoted firms. What are challenges that private equity firms face in international markets? Likewise, what are the challenges that private equity portfolio firms face?

• Governance and capital market strategies

To what extent does internationalization of capital markets lead to convergence of governance practices across countries??

• The role of trust

Trust has been found to affect the international investment choices of private equity firms (Bruton, Ahlstrom, and Puky, 2009). How does trust impact the international capital market strategies of firms?

• Third parties and capital market strategies

Capital markets are mediated markets in that sense that participants rely greatly on key third parties, such as investment banks, brokers, and investment analysts for information production. How do third parties impact the choice of foreign capital markets? What are the internationalization strategies that these third parties pursue?

• Processes

What are the top management and board factors that impact capital market strategies? Both individual and team level factors hold considerable promise providing greater insights into the reasons why firms choose capital resources outside of their home market, and the manner in which these resources are accessed.

• Performance

What accounts for success in foreign capital markets? How do strategies for firms seeking debt capital differ from those seeking equity? How do home and host country factors determine the outcome of these strategies?

While many of the firms that make their initial public offerings go on to succeed, what is often overlooked is the fact that more than half of these firms actually delist within the first few years (Doidge, Karolyi, and Stulz, 2010). What are the factors that account for the delisting of firms on foreign exchanges?

SUBMISSION INSTRUCTIONS

The deadline for manuscript submission is May 15, 2015. Manuscripts should be prepared in accordance with Journal of International Management’s Style Guide for Authors:http://www.elsevier.com/journals/journal-of-international-management/1075-4253/guide-for-authors and submitted through the Journal’s submission website. A paper development workshop will be held at the 2015 Academy of Management conference in Vancouver. Final Drafts are due February 28, 2016.
Please direct any questions regarding the Special Issue to Igor Filatotchev (Igor.Filatotchev@city.ac.uk), Greg Bell (gbell@udallas.edu) and Abdul Rasheed (abdul@uta.edu).

REFERENCES

Bell, R. G., Filatotchev, I., Rasheed, A. 2012. The liability of foreignness in capital markets: Sources and remedies. Journal of International Business Studies, 43(2): 107-122.
Bhattacharya, U., Galpin, N., Haslem, B. 2007. The home court advantage in international corporate litigation. Journal of Law and Economics, 50: 625-659.
Bruton, G., Ahlstrom, D., Puky, T. 2009. Institutional differences and the development of entrepreneurial ventures: A comparison of the venture capital industries in Latin America and Asia. Journal of International Business Studies, 40: 762-778.
Doidge, C., Karolyi, A., Stulz, R., 2010. Why do foreign firms leave U.S. equity markets? Journal of Finance 65, 1507-1553.
French, K., Poterba, J. 1991. Investor diversification and international equity markets. The American Economic Review, 81(2): 222-226
Frésard, L., Salva, C. 2010. The foreign firm discount. Working Paper, HEC School of Management, HEC Paris.
Guiso, L., Sapienza, P., Zingales, L. 2009. Cultural biases in economic exchange? Quarterly Journal of Economics, 124(3): 1095–1131.
Schmeisser, B. 2013. A systematic review of literature on offshoring of value chain activities. Journal of International Management, 19(4), 390-406.
Zaheer, S. 1995. Overcoming the liability of foreignness. Academy of Management Journal, 38(2): 341-363.

Call for conference papers: ‘Restoring Trust in Business through Corporate Governance’

Call for Proposals – Inaugural ICGS Conference
‘Restoring Trust in Business through Corporate Governance’
September 18-19, 2015 at the Copenhagen Business School

In our information-based economy, the reputation of a business is essential to its success and survival. The trust of investors, consumers, employees, and the general public as well as regulators can have a direct and profound effect on a company’s bottom line and even its viability. Recently, the importance of reputation has become apparent, as companies such as JP Morgan, BP, and Toyota have had to manage their responses to crises in order to maintain or resurrect the reputation of their companies to their stakeholders. Notably, the Pew Research Center recently reported that 78% of Americans believe “too much power is concentrated in the hands of too few corporations.” This perception is not unique to the United States, as discussed by Colin Mayer in his new book entitled, Firm Commitment. Notably, Professor Mayer will be one of our featured keynote speakers. 

The corporate governance system has a major influence on the public’s view of the trustworthiness of business. Each corporate governance system is composed of corporate governance mechanisms that are both external and internal to the firm’s boundaries. Because most external corporate governance mechanisms are regional or national in scope, multinational firms increasingly must deal with transnational corporate governance pressures, which are often not well integrated and conflicting. 

The International Corporate Governance Society (www.icgsociety.org) will focus its inaugural conference on how corporate governance systems work to enhance trust in business, and deepen our understanding of how failures in corporate governance systems degrade trust in business. Due to our inter-disciplinary nature, we think of corporate governance in broad terms – those systems and mechanisms designed to channel corporate power for the well-being of society. As such, corporate social responsibility initiatives and the cultivation of ethical practices fit within our conceptualization of corporate governance as they can be labeled “self-governance” mechanisms. 

We invite you to consider submitting a research proposal that advances our understanding of the antecedents and outcomes of corporate governance systems and practices. The proposal must draw from previously unpublished original research. Well-crafted work in progress is welcome. Specifically, we invite authors to submit a 10,000 (maximum) word research proposal that includes the following sections: (1) Title page: Title of the proposed presentation, author name(s), author affiliation(s,) e-mail address(es), designated conference track (see below), and a 200 to 300 word abstract which describes the essence of your proposal; (2) Extended abstract: Narrative description of the essence of your conceptual or empirical study; and (3) Supporting material: Tables, figures, and references which support the extended abstract. Overall, the proposal should not exceed 10 single-spaced pages in length. Proposals must be submitted by 12 midnight (EST) on March 30, 2015 to conf@icgsociety.org in order to be considered for presentation. 

Each research proposal will be double blind refereed. A decision on your conference submission about its inclusion in the conference program will be provided by May 15, 2015 at the latest. The very best proposals will be invited to submit a full research paper of approximately 30-40 double-spaced pages by July 30, 2015 in order to be considered for the best conference paper award. The author(s) who win this award will be recognized during the conference and receive a $1,500 check provided by the Harold S. Geneen Institute of Corporate Governance. 

CONFERENCE TRACKS. 

 Within each proposal on the title page, the authors should indicate which of the eight tracks in the program their proposal best fits. The conference tracks are listed below. 

• TRACK A: Theme: ‘Restoring Trust in Business through Corporate Governance’. This track explores how trust is antecedent to, related with, and/or generated by corporate governance systems and practices. We will consider all levels of trust or distrust – individual, group, corporate, industry, and national – and we seek to understand how corporate governance is influenced by or influences trust.

• TRACK B: Boards of Directors. Every corporation in the world is led by a board of directors. However, in some nations, corporate boards are vested with great power and responsibility; while in other nations, the board is an impotent pawn. Furthermore, the power and influence of corporate boards often varies within national economies and industries. In this track, we seek to understand the antecedents, processes and effects of boardroom effectiveness. 
• TRACK C: Ownership. Every corporation in the world is also owned by a single or array of investors. These owners have a vested interest in seeing that the corporation is governed well. In this track, we will explore the antecedents and outcomes associated with different ownership profiles throughout the global economy. 
• TRACK D: National Governance Environments. This track focuses on corporate governance mechanisms and outcomes within a single national governance environment. Typically, this governance environment is within a national economy. Multiple governance mechanisms operating within a single governance environment are especially welcome.
• TRACK E: Transnational Governance Environments. In our increasingly global economy, pressure and accountability is exerted from transnational non-governmental institutions. In this track, the antecedents and effects of comparative governance systems is explored. Corporate governance research surrounding the multinational firm fits well in this track.
• TRACK F: Multi-Level Governance Systems. Recent research has shown that corporate governance mechanisms and systems often complement or substitute for each other. Furthermore, all corporate governance practices are embedded within a larger governance system. This track explores research related to corporate governance bundles and the embedded nature of corporate governance. 
• TRACK G: Self-Governance. Rules, regulations, and continuous monitoring by outsiders are the norm for most governance solutions, but they are inflexible and often quite costly. When corporations choose socially-responsible behavior and/or executives possess an internal moral compass that translates into ethically-sound decisions and actions, society often benefits as does the corporation. Thus, this track seeks to understand the potential and limits of self-governance. 
• TRACK H: Teaching Corporate Governance. This track seeks to enhance the teaching of corporate governance within our educational programs. Specifically, we welcome such innovations as new case studies, teaching tips, simulations, experiential exercises that have been used to convey important corporate governance concepts and relationships. In addition, any research related to online education and innovative teaching delivery mechanisms are welcome.

Call for Special Issue: Emerging Market Multinationals: Perspectives from Latin America

Journal of World Business

Call for papers for a special issue

Submission deadline: May 4, 2015

Emerging Market Multinationals: Perspectives from Latin America 

Guest Editors:

• Ruth Aguilera
• Luciano Ciravegna
• Alvaro Cuervo-Cazurra
• Maria Alejandra Gonzalez-Perez

“Name some Brazilian multinationals. Even harder than "famous Belgians", isn't it? Despite Brazil being the world's eighth-largest economy, with plenty of big, profitable firms, few of them have a reasonable share of their operations abroad and are thus genuinely multinational.” The Economist, Sept 21, 2000.

“For the first time Brazil has a crop of companies that can be described as multinationals. Some of them are already well known outside Brazil: Petrobras; Vale, one of the world’s largest mining companies; and Embraer, the world’s third-largest maker of passenger jets.” The Economist, November 12, 2009.

These two quotes from the British newspaper The Economist reflect the change in view about Multilatinas, or Latin American multinational companies. The reason is not that there were no Multilatinas before 2000. In fact, there have been Multilatinas for over a century. For example, the Argentinean shoemaker Alpargatas was created in 1885 and established subsidiaries in Uruguay in 1890 and in Brazil in 1907. The reason is that there were few studies analyzing Multilatinas before the 2000s. This was part of a general trend in the international business literature that appeared to have ignored the region. For example, a review of articles in two leading journals in the field of international business (Journal of International Business Studies and Management International Review) in the period 1987-1997 indicated that fewer than 6% of the articles mentioned Latin America (Elahee and Vaidya, 2001). This paucity of studies on the region had not changed in recent times. A review of studies in four leading international business journal (Journal of International Business Studies, Management International Review, Journal of World Business, and International Business Review) in 2001-2005 indicated that only 2.75% of articles studied firms in the region (Perez-Batres, Pisani and Doh, 2010). Nevertheless, a few analyses of multinationals have indicated that firms from this region are becoming multinational rapidly and some of them are becoming leaders in their industries (Casanova, 2009; Cuervo-Cazurra, 2008,; Fleury and Fleury, 2010; Santiso, 2013).

In this special issue we plan to take stock of what is known about these firms and identify potential avenues for future research. Other special issues of the Journal of World Business have analyzed various regions of the world such as India (Varma and Budhwar, 2012), China (Laforet, Paliwoda and Chen, 2012), Africa (Kamoche, 2011), the Middle East (Mellahi, Demirbag and Riddle, 2011), and Korea (Paik and Lee, 2008). This special issue contributes to the global scope of the Journal of World Business by studying firms from Latin America, which have, thus far, been underrepresented in the management and business literature (Brenes, Montoya and Ciravegna, 2014).  With this special issue, we aim to not only increase our understanding of Multilatinas, but also to identify the particular characteristics of their internationalization and how it compares with the internationalization of firms from other regions.

The rise of emerging market multinationals has been well documented (for example see the papers in the special issues edited by Aulakh, 2007; Cuervo-Cazurra, 2012; Gammeltoft, Barnard and Madhok, 2010; Luo and Tung, 2007; and in the books edited by Cuervo-Cazurra and Ramamurti, 2014; Ramamurti and Singh, 2007, Sauvant, 2008; Williamson et al., 2013), yet the literature on emerging market multinationals has thus far focused mainly on firms from regions other than Latin America. With this Special Issue of Journal of World Business, we aim to fill this gap, contributing to the international business literature and the body of knowledge documenting the practices of multinational companies.

This call is an attempt to integrate different aspects that might have influenced the growth and internationalization of Latin American firms. We welcome theoretical, empirical, methodological and case studies submission addressing, but not limited to, the following issues:

• ·         Successful Multilatinas expanding outside their region
• ·         Comparative ownership advantages/disadvantages of Multilatinas
• ·         Internationalization patterns of Latin American firms
• ·         The internationalization of state-owned Latin American firms
• ·         Institutional constraints for Latin American companies to internationalize
• ·         Foreign performance of Latin American firms
• ·         Effects of exports promotion agencies on the internationalization of Latin American firms
• ·         Governance in Multilatinas
• ·         The internationalization of Latin American business groups  
• ·         Global leadership in Multilatinas
• ·         Dimensions of management diversity in Multilatinas
• ·         Determinants of outward FDI from Latin America
• ·         The role of governments in Latin American International Business
• ·         Corporate social responsibility and sustainable practices in Multilatinas
• ·         The role of family-owned business conglomerates in Multilatinas
• ·         Oligopolistic structures and internationalization in Multilatinas
• ·         Multilatinas and economic and political crises
• ·         Cultural challenges in doing business from Latin America
• ·         The role of Latin American diaspora and returning emigrants in international business

Submission process:

By May 4, 2015, authors should submit their manuscripts online via the new Journal of World Business EES submission system. The link for submitting manuscript is: http://ees.elsevier.com/jwb. 

To ensure that all manuscripts are correctly identified for consideration for this Special Issue, it is important that authors select ‘SI: Latin American MNCs’ when they reach the “Article Type” step in the submission process

Manuscripts should be prepared in accordance with the Journal of World Business Guide for Authors available at http://www.elsevier.com/journals/journal-of-world-business/1090-9516/guide-for-authors . All submitted manuscripts will be subject to the Journal of World Business’s blind review process.

We may organize a workshop designed to facilitate the development of papers. Authors of manuscripts that have progressed through the revision process will be invited to it. Presentation at the workshop is neither a requirement for nor a promise of final acceptance of the paper in the Special Issue.

Questions about the Special Issue may be directed to the guest editors:

• ·         Ruth V. Aguilera, Northeastern University, United States (r.aguilera@neu.edu)
• ·         Luciano Ciravegna, King’s College, London, UK, (Luciano.ciravegna@kcl.ac.uk)
• ·         Alvaro Cuervo-Cazurra, Northeastern University, United States (a.cuervocazurra@neu.edu)
• ·         Maria Alejandra Gonzalez-Perez, Universidad EAFIT, Colombia (mgonza40@eafit.edu.co)

References:

Aulakh, P. S. (2007). Emerging multinationals from developing economies: motivations, paths, and performance. Journal of International Management, 13, 338-355.

Brenes, E. R., Montoya, D., & Ciravegna, L. (2014). Differentiation strategies in emerging markets: The case of Latin American agribusinesses. Journal of Business Research, 67, 847-855.

Casanova, L. (2009). Global Latinas: Latin America's emerging multinationals. Palgrave Macmillan.

Cuervo-Cazurra, A. (2008). The multinationalization of developing country MNEs: The case of Multilatinas. Journal of International Management, 14, 138-154.

Cuervo-Cazurra, A. (2012). How the analysis of developing country multinational companies helps advance theory: Solving the Goldilocks debate. Global Strategy Journal, 2, 153-167.

Cuervo-Cazurra, A., & Ramamurti, R. (2014). Understanding multinationals from emerging markets. Cambridge: Cambridge University Press.

Economist. (2001). Brazil's Gerdau: Who dares wins. The Economist. www.economist.com/node/374586

Economist. (2009). Special Reports Economist Brazil. The Economist. www.economist.com/node/14829517

Elahee, M. N., & Vaidya, S. P. (2001). Coverage of Latin American business and management issues in cross-cultural research: An analysis of JIBS and MIR 1987-1997. International Journal of Organization Theory & Behavior, 4, 21-31. 

Fleury, A. & Fleury, M. T. L. (2011). Brazilian multinationals: Competences for internationalization. Cambridge: Cambridge University Press

Gammeltoft, P., Barnard, H., & Madhok, A. (2010). Emerging multinationals, emerging theory: macro- and micro-level perspectives. Journal of International Management, 16, 95-101.

Kamoche, K. (2011). Contemporary developments in the management of human resources in Africa. Journal of World Business, 46, 1-4.

Laforet, S. Paliwoda, S. and Chen, J. (2012). Introduction. Journal of World Business, 47, 1-3.

Luo, Y., & Tung, R. L. (2007). International expansion of emerging market enterprises: A springboard perspective. Journal of International Business Studies, 38, 481-498.

Mellahi, K., Demirbag, M., & Riddle, L. (2011). Multinationals in the Middle East: Challenges and opportunities. Journal of World Business, 46, 406-410.

Paik, Y., & Lee, S. H. (2008). Introduction. Journal of World Business, 43, 1-4.

Pérez-Batres, L.A., Pisani, M.J., & Doh, J.P. (2010). Latin America’s Contribution to IB Scholarship. Academy of International Business Insights, 10, 3-7. 

Ramamurti, R., & Singh, J. V. (eds). (2009). Emerging multinationals from emerging markets. Cambridge: Cambridge University Press.

Santiso, J. (2013). The decade of the Multilatinas. Cambridge: Cambridge University Press.

Sauvant, K. P. (ed). (2008). The rise of transnational corporations from emerging markets: Threat or opportunity? Northampton, MA: Edward Elgar.

Varma, A., & Budhwar, P. (2012). International Human Resource Management in the Indian context. Journal of World Business, 47, 157-338.

Williamson, P., Ramamurti, R., Fleury, A., & Fleury, M. T. (eds). (2013). Competitive advantages of emerging country multinationals. Cambridge: Cambridge University Press.

Call for papers: Globalization of Capital markets

Journal of International Management

Special Issue Call for Papers

GLOBALIZATION OF CAPITAL MARKETS: IMPLICATIONS FOR FIRM STRATEGIES

Guest Editors:

• Igor Filatotchev, City University London and Vienna University of Economics and Business
• R. Greg Bell, University of Dallas
• Abdul A. Rasheed, University of Texas at Arlington

Submission Deadline: May 15, 2015

The increasing integration of global capital markets now makes it easier for firms to access capital outside of their home countries. Firms access international capital markets through a variety of means such as initial public offerings (IPO), seasoned equity offerings (SEO), cross-listings, depository receipts, special purpose acquisition companies (SPACS), shelf offerings, private equity and other informal equity capital channels. Firms can also access debt resources outside their market through bank loans, and foreign bond issues. Finally, cross border flows of venture capital (VC) continue to increase rapidly. The objective of this Special Issue will be to explore the challenges firms face in capital markets beyond their domestic boundaries, be it equity, debt, or VC markets.

While IB research continues to evaluate the challenges facing firms in foreign product markets, IB scholars have yet to adequately address the underlying reasons why firms face challenges in foreign equity markets. These include underpricing, higher underwriting and professional fees, higher listing fees, audit fees (Bronson, Ghosh, and Hogan, 2009), and greater risk of lawsuits (Bhattacharya, Galpin, and Haslem, 2007), and home bias on the part of investors (French and Poterba, 1991). Further, research suggests the existence of a “foreign firm discount” relative to host market firms (Frésard and Salva, 2010). 

Venture capital and private equity have truly become global phenomena and take many forms such as cross-border investment, foreign acquisitions, VC firms opening offices overseas, and influencing their portfolio firms to enter and exit international stock exchanges. Foreign firms raise significantly more debt than equity in the U.S.. Indeed, the largest component of the international capital market is the bond market. 

Research on the motivation, the processes, the supporting mechanisms, and the range of outcomes that firms experience as a result of entering international capital markets is extremely limited so far. We believe such research can draw from a variety of theoretical perspectives and research traditions in international business. The choice of whether to access financial resources outside of the firm’s home market, how to select the appropriate foreign market, and the manner in which to raise resources are all relevant questions that parallel prior IB research market and entry mode choice. IB scholars consider LOF as the “fundamental assumption driving theories of the multinational enterprise” (Zaheer, 1995: 341). Yet, the conceptualization and research on LOF solely based upon product market may be inadequate today given the increasing integration of capital markets (Bell, Filatotchev and Rasheed, 2012).

In addition to the main theoretical perspectives in international business, the Special Issue welcomes scholars and perspectives from diverse disciplines such as finance, economics, and sociology.

Topics

The interaction between product market and capital market strategies

• Prior research shows that the decision to list abroad has implications on the success of the firm’s products. What are the implications of capital market strategies for product market strategies and vice versa? 

Culture and capital markets

• There is a growing body of research that investigates how culture affects both economic exchange and outcomes by affecting expectations and preferences (Guiso, Sapienza, and Zingales, 2009). How does culture affect cross-border transactions in formal or informal capital markets?

The role of distance

• Even in a world where technology has shrunk distance and time, spatial costs are non-trivial. Do spatial costs exist in financial markets? Moreover, do spatial costs impact capital market strategies, and the choice of foreign capital markets?

The role of innovation

• Financial markets are continuously producing new vehicles through which firms can acquire capital resources. What are the antecedents of innovations in global capital markets? How do firms take advantage of these innovations?

Institutional environments and their implications on capital market strategies

• New exchanges in Europe and Asia with vastly different listing and disclosure requirements thank New York and London. How has the competition among stock exchanges impacted the international capital raising strategies of firms?

Liabilities of Foreignness

• What are the sources of Liabilities of Foreignness (LOF) that firms face in formal or informal capital markets and what are the strategies that enable firms to overcome them?

Informal capital market strategies

• Private equity represents an innovation in the ability to provide capital to unquoted firms. What are challenges that private equity firms face in international markets? Likewise, what are the challenges that private equity portfolio firms face?

Governance and capital market strategies

• To what extent does internationalization of capital markets lead to convergence of governance practices across countries?? 

The role of trust

• Trust has been found to affect the international investment choices of private equity firms (Bruton, Ahlstrom, and Puky, 2009). How does trust impact the international capital market strategies of firms?

Third parties and capital market strategies

• Capital markets are mediated markets in that sense that participants rely greatly on key third parties, such as investment banks, brokers, and investment analysts for information production. How do third parties impact the choice of foreign capital markets? What are the internationalization strategies that these third parties pursue?

Processes

• What are the top management and board factors that impact capital market strategies? Both individual and team level factors hold considerable promise providing greater insights into the reasons why firms choose capital resources outside of their home market, and the manner in which these resources are accessed.
• What accounts for success in foreign capital markets? How do strategies for firms seeking debt capital differ from those seeking equity? How do home and host country factors determine the outcome of these strategies?
• While many of the firms that make their initial public offerings go on to succeed, what is often overlooked is the fact that more than half of these firms actually delist within the first few years (Doidge, Karolyi, and Stulz, 2010). What are the factors that account for the delisting of firms on foreign exchanges?

Submission instructions

The deadline for manuscript submission is May 15, 2015. Manuscripts should be prepared in accordance with Journal of International Management’s Style Guide for Authors: http://www.elsevier.com/journals/journal-of-international-management/1075-4253/guide-for-authors and submitted through the Journal’s submission website. A paper development workshop will be held at the 2015 Academy of Management conference in Vancouver. Final Drafts are due February 28, 2016.

Please direct any questions regarding the Special Issue to Igor Filatotchev (Igor.Filatotchev@city.ac.uk), Greg Bell (gbell@udallas.edu) and Abdul Rasheed (abdul@uta.edu).

References

Bell, R. G., Filatotchev, I., Rasheed, A. 2012. The liability of foreignness in capital markets: Sources and remedies.Journal of International Business Studies, 43(2): 107-122.

Bhattacharya, U., Galpin, N., Haslem, B. 2007. The home court advantage in international corporate litigation.Journal of Law and Economics, 50: 625-659.

Bruton, G., Ahlstrom, D., Puky, T. 2009. Institutional differences and the development of entrepreneurial ventures: A comparison of the venture capital industries in Latin America and Asia. Journal of International Business Studies, 40: 762-778.

Doidge, C., Karolyi, A., Stulz, R., 2010. Why do foreign firms leave U.S. equity markets? Journal of Finance 65, 1507-1553.

French, K., Poterba, J. 1991. Investor diversification and international equity markets. The American Economic Review, 81(2): 222-226

Frésard, L., Salva, C. 2010. The foreign firm discount. Working Paper, HEC School of Management, HEC Paris.

Guiso, L., Sapienza, P., Zingales, L. 2009. Cultural biases in economic exchange? Quarterly Journal of Economics, 124(3): 1095–1131.

Schmeisser, B. 2013. A systematic review of literature on offshoring of value chain activities. Journal of International Management, 19(4), 390-406.

Zaheer, S. 1995. Overcoming the liability of foreignness. Academy of Management Journal, 38(2): 341-363.




Dr. R. Greg Bell
Associate Professor
University of Dallas College of Business
Accredited by AACSB International
1845 E. Northgate Drive | Irving, Texas 75062 | USA
gbell@udallas.edu | 972-721-5167 |

Call for conference papers: 2015 Annual Meeting of the International Association of Business and Society (IABS)

2015 Annual Meeting of the International Association of Business and Society (IABS)

Conference Theme: Pura Vida: Realizing Eudemonia in Business and Society

Hilton Papagayo Resort, Guanacaste, Costa Rica
March 12 – 15, 2015

Call for proposals:

SUBMISSION DEADLINE: MONDAY OCTOBER 6, 2014

Conference Theme

Pura Vida has been a part of the Costa Rican vernacular for over 50 years. Translated literally, it means “pure life”; however the phrase more accurately connotes “live the best life” or “living the best life” whatever the circumstances. This sentiment reflects the true spirit of Aristotle’s definition of eudemonia, which encourages us to pursue happiness through the balanced execution of virtuous behavior.

Costa Rica: An Ideal Setting to explore Eudemonia
Costa Rica exemplifies conservation and economic growth in coexistence.
Capturing 99% of its electricity from clean sources, Costa Rica strives to be carbon neutral by 2021.
Public policies prioritize investment in renewable energy sources at times choosing to limit economic opportunities in fossil fuel extraction.
Costa Rica has a good reputation for its emphasis on democracy and respect for human rights.
Identified by Ethisphere as one of the top ten most ethical travel destinations in the world
Named by the New Economics Foundation as the “Happiest Country” out of 155 countries considered

IABS Conference 2015 invites submissions that consider:

• How does our teaching, research and service activities facilitate the pursuit of eudemonia in business and society?
• How does our work connect us to the environment, with each other and with ourselves? 
• Are we engaged in a balanced execution of virtuous behavior?
• How do our economic, political and social ideologies foster or inhibit virtue? 
• How do these same ideologies influence the questions we ask? The manner we investigate these questions? The conclusions we draw? 
• Do our paradigms serve to realize pura vida, or do they keep us from it?
• How do we help our students to pursue pura vida? Do we model pura vida for our students?
• How do our service activities or engagement in our communities inside and outside the university reflect pura vida or “living the best life”?
• To what extent does our research theorize and measure eudemonia by corporations and other organizations in relation to society?

SUBMISSION GUIDELINES AND CONFERENCE INFORMATION AT: WWW.IABS.NET

Call for Papers: Journal of World Business Special Issue on Business Group Affiliation and Internationalization of Emerging Market Firms

Journal of World Business

Special Issue on Business Group Affiliation and Internationalization of Emerging Market Firms.

Business Group Affiliation and Internationalization of Emerging Market Firms

Submission Deadline: March 1, 2015

• Guest Editors: Ajai Gaur, Jane Lu, Vikas Kumar, Robert Hoskisson

Business groups are prevalent in both developed and emerging markets (Ghemawat & Khanna, 1998) and constitute the dominant organizational form in many emerging markets (Chung & Luo, 2008; Khanna & Rivkin, 2001). Scholars have utilized multiple theoretical perspectives, including institutional economics, sociology and resource-based view to define, characterize and comprehend business groups. Business groups play an important role in emerging markets by filling institutional voids and creating their own internal capital, labor and product markets (Khanna & Palepu, 2000a). There are important differences between group affiliated and unaffiliated firms in emerging economies, in terms of their underlying resource base and embeddedness in the institutional and social fabric of the local market. To add to this complexity, institutional environments in emerging economies are constantly evolving and thereby impacting strategy, particularly of organizations such as business groups that are highly embedded in the domestic context (Hoskisson, Eden, Lau, & Wright, 2000; Hoskisson, Wright, Filatotchev, & Peng, 2013). Internationalization of business group firms under such tumultuous conditions presents a rich context for advancing internationalization theory and, in particular, contributing to a better understanding of the strategic adaptation of emerging market firms.

The extant literature on business group has primarily focused on how groups as a whole and/or firms affiliated to groups perform in their home countries (e.g. Chacar & Vissa, 2005; Chang, Chung, & Mahmood, 2006; Douma, George, & Kabir, 2006; Khanna & Palepu, 2000a; 2000b; Khanna & Rivkin, 2001). There are only a few studies that have explored the impact that affiliation to a business group has on the degree of internationalization of the focal firm, and present inconclusive findings (e.g. Chang, 1995; Kim, Kim, & Hoskisson, 2010). Examining not only institutional differences but also factor market difference between home and host countries also seems to matter with regard to internationalization from emerging economies (Kim, Hoskisson, & Lee, 2014). In the wake of the recent widespread and accelerated internationalization of emerging market firms, including many that are affiliated to larger business groups, the internationalization of business group affiliated firms warrants a deeper and systematic investigation from a variety of theoretical and empirical approaches.

As emerging economies develop and become mid-range economies (Hoskisson, et al., 2013), how does this change the nature of business groups and their internationalization strategies. Do they restructure their portfolios as transaction cost theory would imply (Hoskisson, Johnson, Tihanyi, & White, 2005)? Do they substitute domestic product diversification for more internationalization (Meyer, 2006)? How are they structured and governed differently (Chittoor, Kale, Puranam, 2014) as the country settings change and as they pursue increased innovation and internationalization (Yiu, Hoskisson, Bruton, Lu, 2014)? How does government ownership influence their corporate and internationalization strategies (White, Hoskisson, Yiu, & Bruton, 2008)?

Many studies simply use dummies to distinguish group affiliates from independent firms. This approach assumes all affiliates benefit equally, which is questionable due to differences in value capture. For example, research shows that affiliate firms differ in their ability to capture benefits from internationalization; in this study more powerful group firms benefit from internationalization compared to less powerful affiliates (Wan, Hoskisson, & Kim, 2004). However, we have limited understanding of differences in power and of value capture among affiliates because few scholars examine heterogeneity among group affiliates.

The special issue solicits scholarly contributions that provide a finer-grained analysis of the internationalization of business group affiliated firms from emerging markets, encapsulating the unique attributes of business groups as well as that of the institutional and cultural contexts where they prosper. The following is an illustrative list of questions:

• 1. How is the efficacy of business groups affected due to the rapidly changing institutional environment in EEs?
• 2. Business groups are social structures deeply embedded in the broader institutional environment of EEs. How does this embeddnesses affect the internationalization propensity of their affiliates?
• 3. What are the similarities and differences between business groups from different emerging economies as well as developed economies and how do these similarities/differences affect their internationalization behavior?
• 4. How are business groups organized and managed differently in different country institutional and factor market settings? What organizational transformation are business groups undergoing to respond to the changes in the external institutional environment
• 5. What are the unique resources and capabilities of business groups? How do these capabilities help group affiliated firms in internationalization?
• 6. Are the advantages and/or disadvantages of affiliation to business group context-dependent? How do individual business affiliate firms benefit more or less from group affiliation?
• 7. Do advantages and/or disadvantages transfer to foreign markets when EE firms internationalize their operations?
• 8. How do business groups extend their group like structure in foreign markets?
• 9. How does the presence of a business group in an industry affect the industry-wide innovation and internationalization?
• 10. How do the foreign market entry modes different between group affiliated and unaffiliated firms?

We encourage potential contributors to examine the internationalization of business groups from different theoretical perspectives and empirical approaches, including multi-level models and case studies. Authors should not merely be testing the existing theories in the context of business groups, but make use of the novel context to develop new theories and explanations, and thereby enrich our understanding of firm internationalization behavior in general, and of business group internationalization behavior in particular.

Submission Process:

By March 1, 2015 all manuscripts should be submitted using the online submission system. The link for submitting manuscript is: http://ees.elsevier.com/jwb.
To ensure that all manuscripts are correctly identified for consideration for this Special Issue, it is important that authors select ‘SI: Business Groups’ when they reach the “Article Type” step in the submission process.
We may organize a workshop designed to facilitate the development of papers. Authors of manuscripts that have progressed through the revision process will be invited to it. Presentation at the workshop is neither a requirement for nor a promise of final acceptance of the paper in the Special Issue.

Questions about the special issue may be directed to any of the following guest editors:

• Ajai Gaur, Rutgers University, USA ajai@business.rutgers.edu<mailto:ajai@business.rutgers.edu>
• Jane Lu, University of Melbourne, Australia jane.lu@unimelb.edu.au<mailto:jane.lu@unimelb.edu.au>
• Vikas Kumar, University of Sydney, Australia vikas.kumar@sydney.edu.au<mailto:vikas.kumar@sydney.edu.au>
• Robert E. Hoskisson, Rice University robert.hoskisson@rice.edu<mailto:robert.hoskisson@rice.edu>

References

• Chacar, A., & Vissa, B. (2005). Are emerging economies less efficient? Performance persistence and the impact of business group affiliation. Strategic Management Journal, 26(10): 933-946.
• Chang, S.J. (1995). International expansion strategy of Japanese firms: capability building through sequential entry. Academy of Management Journal, 38(2): 383-407.
• Chang, S., Chung, C., & Mahmood, I.P. (2006). When and how does business group affiliation promote firm innovation? A tale of two emerging economies. Organization Science, 17(5): 637-656.
• Chittoor, R., Kale, P., & Puranam, P. (2014). Business groups in developing capital markets: Towards a complementarity perspective. Strategic Management Journal, forthcoming.
• Chung, C., & Luo, X. (2008). Human agents, contexts, and institutional change: the decline of family in the leadership of business groups. Organization Science, 19(1): 124-142.
• Douma, S., George, R., & Kabir, R. (2006). Foreign and domestic ownership, business groups, and firm performance: evidence from a large emerging market. Strategic Management Journal, 27(7): 637-657.
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