Revistas
Autores:
Galdino, K.M. (Autor de correspondencia); Ellis, K.M.; Lamont, B.T.; et al.
Revista:
THUNDERBIRD INTERNATIONAL BUSINESS REVIEW
ISSN:
1096-4762
Año:
2023
Vol.:
65
N°:
3
Págs.:
311 - 323
We look at how emerging markets' institutional features affect ownership stake in cross-border acquisitions (CBAs) within Africa. Particularly, we show that the presence of shared colonial history between the home and host country and the extent of fractionalization distance and formal institutional distance influence the acquiring firm's decision regarding its ownership stake in the target. Moreover, we show that geographic distance between the home and host country, by augmenting uncertainty faced by acquiring firms, moderates the relationship between these institutional features and ownership stake. We test our hypotheses in a sample of 341 intra-Africa CBAs from 2001 to 2016. Generally, we find that greater ex ante uncertainty and ex post costs increase ownership stake. Specifically, greater geographic distance strengthens the positive relationship between shared colonial history and ownership stake and reverses the negative relationship between formal institutional distance and ownership stake. As for fractionalization distance, the relationship is more nuanced and needs to be further studied. We contribute to advance research on south-south CBAs in general, particularly within Africa, as well as to extend hostage theory in foreign market entry strategies in and from emerging markets.
Autores:
Keller, A. (Autor de correspondencia); Lumineau, F. (Autor de correspondencia); Mellewigt, T. (Autor de correspondencia); et al.
Revista:
ORGANIZATION SCIENCE
ISSN:
1047-7039
Año:
2021
Vol.:
32
N°:
6
Págs.:
1542 - 1570
Existing academic literature has discussed contracts and relational governance as the key mechanisms that help alliance partners address problems of cooperation and coordination. However, when an alliance undergoes disruption, the nature and extent of such problems may change and therefore the value of these mechanisms may change. This study advances a dynamic perspective on alliance governance by examining the impact of disruption and subsequent adjustment on the value of alliance governance mechanisms. To this end, we longitudinally studied a revelatory case of a research and development alliance in the veterinary drug industry that experienced disruption triggered by an internal restructuring at one of the partner companies. We approached the evidence with a fine-grained typology that builds on two dimensions that underlie governance mechanisms: the means to enforce their ruling principles (contractual versus relational) and the level of codification of these principles (formal versus informal). Based on our findings, we (1) show the significance of this revised typology, which suggests that contractual governance is not necessarily formal and relational governance is not necessarily informal; (2) provide a more systematic discussion of the tradeoffs that the various mechanisms entail and how these are altered through disruption and adjustment dynamics; and (3) analyze how the interplay between different types of governance mechanisms evolves following disruption and adjustment. Overall, our study brings the concept of disruption to the dynamic perspective of alliance governance and highlights the contingent value of alliance governance mechanisms.
Revista:
GLOBAL STRATEGY JOURNAL
ISSN:
2042-5791
Año:
2017
Vol.:
7
N°:
1
Págs.:
3 - 9
Context matters in the global strategy literature. We discuss how Africa, as a setting that received limited attention in the past, offers opportunity to challenge existing theory and develop new insights. The overall goal is to ask: What will the field of global strategic management look like once we have engaged with Africa in a similar manner as we have done with other emerging economies? We also introduce the papers published in this special issue and highlight directions for future research.
Revista:
Harvard-Deusto business review
ISSN:
0210-900X
Año:
2011
N°:
197
Págs.:
47 - 56
El desarrollo exitoso de una empresa se debe en gran parte a las personas que ejercen el poder en ella y a cómo lo ejercen. Estas personas pueden decidir introducir a la empresa en caminos que llevan al aumento o a la pérdida de sus potencialidades, haciéndose necesario en ocasiones acometer caminos de cambio en la propiedad y el poder. Como señalan los autores de este artículo, se hace necesario un liderazgo proactivo que conduzca a la empresa por el camino de la generación de valor con soluciones concretas a los cambios del entorno competitivo.
Revista:
STRATEGIC MANAGEMENT JOURNAL
ISSN:
0143-2095
Año:
2010
Vol.:
31
N°:
10
Págs.:
1054 - 1087
We report on data from a revelatory qualitative case study of a failed attempt to form an international joint venture (IJV) agreement. We analyze issues related to distributive, procedural, interpersonal, and informational fairness and the roles of their occurrence in the course of the formation stage of an IJV. We find that perceptions of fairness types shape the partners' decision making logics (a property rights logic, a control rights logic, and a relational quality logic), which in turn influence the partners' evaluations of efficiency and equity of the proposed alliance and their decision on whether or not to form it. We develop propositions around this argument