2015 MBAA International McGraw-Hill Education Distinguished Paper Award
The Interactive Effects of Internationalization and Social Performance on Financial Performance: A Longitudinal Analysis of US firms from 1995-2012
University of Amsterdam Business School
the Netherlands firstname.lastname@example.org
This paper explores how interactions between an organization’s degree of internationalization (DOI) and its corporate social performance (CSP) affect corporate financial performance (CFP). We argue that both DOI and CSP are associated with higher costs of doing business, but that as DOI increases, these higher costs diminish more quickly for high-CSP firms than for low-CSP firms because CSP represents an organizational-level capacity for learning. Additionally, we propose that local responsiveness moderates the effect of the interaction between DOI and CSP. Analysis of a panel of internationally-operating US firms comprising 4,590 firm-year observations over the period 1995-2012 supports our arguments.
Best Student Paper
The Influence of State-Financed Cross-Border M&As on The Internationalization Of Emerging Market Firms: Target Selection
Danielle R. Jones
University of Illinois at Urbana-Champaign
Mergers and acquisitions are a dominant mode of entry utilized by emerging market firms in their internationalization exploits. While there has been a considerable amount of research devoted toward analyzing how environmental factors outside of the firm impact an international acquisition, there has been a lack of research exploring the impacts of external sources of acquisition financing. This paper suggests that financing received from the government will have an impact on an emerging market firm’s international acquisition strategy, with specific focus on the target firm selection process. Drawing on resource dependence theory, I offer three propositions suggesting that an acquiring firm that is dependent on the state for financial resources is more likely to select a target that will help minimize the firm’s interdependencies with the state. The paper concludes by discussing implications for researchers and practitioners and by offering suggestions for future research.
Observation on effects of Cultural Difference, Cultural Intelligence (CQ),
and Institutional Ethnocentrism on MNE Performance
John Cook School of Business
Saint Louis University
This paper develops and tests a comprehensive framework aimed at explaining impact of cultural distance on knowledge transfer, absorptive capability, and multinational enterprise (MNE) performance. This article uses Hofstede’s (1984) cultural dimensions and Hall’s (1976) high and low culture typology to define the relationship between cultural distance and MNE performance. I suggest propositions regarding the moderating roles of cultural distance between absorptive capability and MNE performance. Moreover, this study examines impact of cultural intelligence (CQ) and institutional ethnocentrism on knowledge transfer, absorptive capability, and MNE performance. Specifically, I focus on U.S. subsidiary at the maquiladora to analyze impact of cultural distance, CQ, and institutional ethnocentrism on knowledge transfer, absorptive capability, and MNE performance.