scholarly journals Domestic Acquisition Experience and the Internationalization of Chinese Firms: The Role of Institutional Heterogeneity

2018 ◽  
Vol 14 (4) ◽  
pp. 693-714
Author(s):  
Yulia Muratova
Keyword(s):  
Organizational Learning ◽  
Panel Data ◽  
Liability Of Foreignness ◽  
Management Research ◽  
Firm Risk ◽  
Chinese Firms ◽  
Chinese Management ◽  
Doing Business ◽  
Context Specific

ABSTRACTThe liability of foreignness increases firm risk of doing business abroad. However, it appears not to deter Chinese firms as evidenced by their risky internationalization pattern. This study is concerned with explaining this phenomenon. Drawing on organizational learning and institutional theories, I argue that institutional heterogeneity in China gives firms an opportunity to develop routines to overcome the liability of foreignness through acquisition experience gained outside of their home provinces. Further, I propose that coastal and inland firms draw different routines from their acquisition experiences. I test these arguments on panel data of listed Chinese firms, tracing their acquisition behavior from 2006 to 2015. My analyses suggest that acquisition experience outside of home province matters and that, in the case of inland firms, coastal acquisition experience facilitates subsequent internationalization. The present study contributes to the literature on the internationalization of Chinese firms. It highlights the value of context-specific measures for Chinese management research, sheds light on the functionality of institutional heterogeneity in China, and provides evidence to re-evaluate the riskiness of Chinese firms’ internationalization pattern.

Commentary on ‘Opportunities and Challenges of Engaged Indigenous Scholarship’ (Van de Ven, Meyer, & Jing, 2018)

2018 ◽  
Vol 14 (3) ◽  
pp. 463-466 ◽  
Author(s):  
Anne S. Tsui
Keyword(s):  
Research Design ◽  
Research Question ◽  
Primary Factor ◽  
Local Context ◽  
Indigenous Research ◽  
Chinese Firms ◽  
Research Project ◽  
Chinese Management

The mission ofManagement and Organization Review, founded in 2005, is to publish research about Chinese management and organizations, foreign organizations operating in China, or Chinese firms operating globally. The aspiration is to develop knowledge that is unique to China as well as universal knowledge that may transcend China. Articulated in the first editorial published in the inaugural issue of MOR (2005) and further elaborated in a second editorial (Tsui, 2006), the question of contextualization is framed, discussing the role of context in the choices of the research question, theory, measurement, and research design. The idea of ‘engaged indigenous research’ by Van de Ven, Meyer, and Jing (2018) describes the highest level of contextualization, with the local context serving as the primary factor guiding all the decisions of a research project. Tsui (2007: 1353) refers to it as ‘deep contextualization’.

Role of discretionary earning management in corporate governance-value and corporate governance-risk relationships

2020 ◽  
Vol 20 (4) ◽  
pp. 561-581 ◽  
Author(s):  
Affaf Asghar ◽  
Seemab Sajjad ◽  
Aamer Shahzad ◽  
Bolaji Tunde Matemilola
Keyword(s):  
Corporate Governance ◽  
Firm Performance ◽  
Panel Data ◽  
Firm Value ◽  
Emerging Economy ◽  
Earning Management ◽  
Firm Risk ◽  
Content Type ◽  
Single Study

Purpose Corporate governance (CG) is an ongoing interesting topic getting the attention of market participant, business regulators and researchers in today’s business environment. The purpose of this study is to analyze the moderating role of earnings management on CG-value and CG-risk relationship in the emerging economy of Pakistan. Design/methodology/approach A panel data analysis is used in this study. A panel data of 71 non-financial listed companies of Pakistan for the 2008-2017 period is considered for this study. Secondary data is collected from the annual reports of non-financial firms listed on PSX. Seven econometric equations are developed to test the research hypothesis. Findings The results reveal that CG significantly enhances the firm value and performance measures. Moreover, CG mitigates the practices of earning management and eliminates the risk that develops opportunistic behavior among managers to commit frauds. Practical implications The results of this study suggest that the board of directors (BODs) should intensify their governance role and ensure that the executives perform their duties to maximize the wealth of the shareholders and not engage in any misrepresentation of accounts that may lower the company position and decrease the firm value. Moreover, the managers should be informed about their accountability and acknowledged that at the end of the year, they would be audited by an expert’s auditors for their responsibilities. Concerning regulatory bodies, regulatory authorities should ensure that there must be at least one independent member on the board. The better-governed system reduces both agency conflicts and enhances firm value. Originality/value A number of studies have already been undertaken by multiple investigators to build connection among CG with firm performance, but there is not even a single study in the literature that considers CG, firm value, firm Risk and discretionary earning management as a whole in one model to generalize its results in the emerging economy of Pakistan. A fundamental element of current analyzation process addresses that this is the very first graft of study conducted in Pakistan having combination of four variables together in one revision. There is minimal work that focuses on moderating effects of earning management on the CG-value and CG-risk relationships. This study uses two standard measures of firm performance (i.e. ROA and Tobin’s Q), one proxy of earning management (DEM) and three attributes of CG (board size, audit quality and ownership structure). Previously, researchers have not investigated a model that combines variables (CG as independent and Firm performance and Firm Risk as dependent along with DEM as moderator) in a single study.

scholarly journals ОРГАНИЗАЦИОНО УЧЕЊЕ И ЗНАЊЕ: ОД ИНДИВИДУАЛНОГ ДО ИНТЕРОРГАНИЗАЦИОНОГ НИВОА

TEME ◽  
2017 ◽  
pp. 139
Author(s):  
Ана Алексић Мирић
Keyword(s):  
Organizational Learning ◽  
Daily Basis ◽  
Future Research ◽  
Economic Resource ◽  
Doing Business ◽  
New Concepts ◽  
Theory Of Organization ◽  
Organizational Science ◽  
A Company

The companies today are under constant pressure to learn continuously and to apply innovations in doing business. Technical tools and work technology are changing almost on a daily basis and unless a company adapts to these, it can easily fail to update its way of functioning and the delay can prove to be quite difficult to overcome. At the same time, the increasing role of intellectual capital as an economic resource affirms the need for a deeper understanding of the way in which intra and inter organizational learning occurs, of the mechanisms which can enhance learning and the forms it can take, as well as the ways in which it can be transferred. Organizational learning and knowledge management are relatively new concepts in the theory of organization; thus, they are areas of great debates. The aim of this paper is to provide an overview of the development of different concepts of organizational learning and knowledge respecting their complexity, to provide a summary analysis that represents the basis for the learning and knowledge in organizations and to indicate the potential ways of future research in response to the dynamics of the development of business practice and the research needs of organizational science.

scholarly journals The Internationalization of Chinese Firms: A Case for Theoretical Extension?

2005 ◽  
Vol 1 (3) ◽  
pp. 381-410 ◽  
Author(s):  
John Child ◽  
Suzana B. Rodrigues
Keyword(s):  
Joint Venture ◽  
International Markets ◽  
Liability Of Foreignness ◽  
Competitive Advantages ◽  
Chinese Firms ◽  
Role Of Government ◽  
Chinese Case ◽  
Catch Up ◽  
Equipment Manufacture

This paper examines the patterns of, and motives for, internationalization by prominent market-seeking Chinese firms. Case studies of these firms indicate that they are seeking technological and brand assets to create a competitive position in international markets. While mainstream theory tends to assume that firms internationalize to exploit competitive advantages, Chinese firms are generally making such investments in order to address competitive disadvantages. They are engaging in ‘inward’ internationalization by means of original equipment manufacture (OEM) and joint venture partnerships, and ‘outward’ internationalization by means of acquisition and organic expansion abroad. Each of these routes offers certain benefits coupled with its own challenges or risks. The paper concludes that the Chinese case offers an opportunity to extend present theorizing in four primary areas concerning the latecomer perspective and catch-up strategies, institutional analysis with reference to the role of government, the relations between entrepreneurs and institutions, and the liability of foreignness.

Context, Comparison, and Methodology in Chinese Management Research

2009 ◽  
Vol 5 (1) ◽  
pp. 57-73 ◽  
Author(s):  
John Child
Keyword(s):  
Comparative Research ◽  
Evolutionary Perspective ◽  
Management Research ◽  
Chinese Management ◽  
Contextual Features ◽  
Context Specific ◽  
Inside Out

In this paper, I accept Whetten's (2009) view that it is necessary to investigate Chinese management in a way that takes account of its context in order to assess the extent to which its features are context-specific or context-bounded. The first requirement, therefore, is to develop a way of conceptualising and measuring that context. A framework articulating material, ideational and institutional contextual features is offered to that end. Second, I argue that both ‘outside in’ and ‘inside out’ approaches to the study of Chinese management require comparison between China and other countries. Even a theory that claims uniqueness for China needs to have that claim tested through external comparison. We, therefore, have to employ a methodology that allows for valid comparisons between context and management in China and other countries. This paper focuses on these two issues of context and methodology with reference to comparative research. It examines them in turn and closes by arguing that the choice Barney and Zhang (2009) pose – between a Chinese theory of management and a theory of Chinese management – needs to be reframed within a more dynamic evolutionary perspective.

Editor's Introduction – Autonomy of Inquiry: Shaping the Future of Emerging Scientific Communities

2009 ◽  
Vol 5 (1) ◽  
pp. 1-14 ◽  
Author(s):  
Anne S. Tsui
Keyword(s):  
Research Community ◽  
Current Status ◽  
Normal Science ◽  
Management Research ◽  
Local Management ◽  
Chinese Firms ◽  
Scientific Communities ◽  
Chinese Management ◽  
Global Management ◽  
The Future

Over two decades, research in Chinese management has exploited existing questions, theories, constructs, and methods developed in the Western context. Lagging are exploratory studies to address questions relevant to Chinese firms and to develop theories that offer meaningful explanations of Chinese phenomena. Framed as a debate between pursuing a theory of Chinese management versus a Chinese theory of management, this forum, through the voices of thirteen scholars, provides an analysis of the reasons for the current status of Chinese management research and offers alternatives to shape the future of Chinese management studies. Based on the principle of autonomy of inquiry and heeding the warning of the constraint of normal science, the Chinese management research community can shape its own future by engaging in research that may contribute to global management knowledge and address meaningful local management problems.

The Influence of Personality Traits on Consumer Impulsive Buying Behaviour

2016 ◽  
Vol 5 (1) ◽  
Author(s):  
Khagendra Nath Gangai ◽  
Rachna Agrawal
Keyword(s):  
Personality Traits ◽  
Cultural Influences ◽  
Buying Behavior ◽  
Doing Business ◽  
The Social ◽  
Impulsive Buying ◽  
Social And Physical Environment ◽  
The Common ◽  
Buying Behaviour

Consumer behavior is a complex phenomenon which is evolving according to the time, situations, demographic characteristics of individuals, personality traits, cultural influences etc. The personality of individuals is a unique dynamic organization of the characteristics of a particular person, physical and psychological, which influence behavior and responses to the social and physical environment. It gives the impression that consumer buying is always influenced by their personality. Therefore, many marketers make use of personality traits in the advertisement of products and at the same time they enhance their marketing strategy. The marketers always designed different products and target specific market segments which commonly addressed on individuals personality traits. The individuals few personality traits influence consumer for impulsive buying behavior. The aim of present research is to study the personality traits influence on consumer impulsive buying behavior as it will help to create opportunities of doing business and dealing with customers. The objectives of this research are: (1) to investigate the influence of personality traits on consumer impulsive buying behavior, and (2) to identify the role of gender and their personality traits influence on consumer impulsive buying behavior. To fulfill the purpose of the study, the researchers randomly collected sample and divided them on the basis of gender, 60 males and 60 females. Data were collected from Delhi and NCR region. The data were analyzed using statistical applications such as correlation and t Test. The result was revealed that the common personality traits have a significant relationship with impulsive buying behavior that is psychoticism in the case of male and female. The role of gender has significant differences in impulsive buying behavior. The man showed more impulsive buying behavior compare to women.

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