Market value creation for the local partner in an international strategic alliance (ISA) that takes place in a developed market economy is well documented; however, value creation for the local partner of an alliance in an emerging market (EM) has received less attention. We contend that rule of...

Foreign direct investment (FDI) research has generally focused on inward FDI to large, developed nations. Very limited research has examined the country-of-origin factors that are related to FDI into the developing nations (emerging markets) that are becoming increasingly important in the global...

U.S. banks have long faced restrictions imposed by the Glass-Steagall Act of 1933. This act erected barriers between commercial and investment banking. Although the barriers have been eroding recently, the U.S. banking system is still considered restrictive compared with countries that permit...

This study examines the performance of foreign vs. domestic firms in a regional economic group. In particular, we focus on host country and foreign-owned firms in the European Union. Results provide evidence of a liability of foreignness--foreign-owned firms underperform host country firms....

In the 1990s, emerging economies all over the world deregulated, privatized and liberalized their domestic markets. These regulatory punctuations caused radical institutional changes for emerging market firms (EMFs). We argue that, for EMFs, regulatory punctuations created a liability of...

The obsolescing bargain (OB) model analyzes bargaining between a host country (HC) government and a multinational enterprise (MNE) at time of entry and the circumstances under which the original bargain does or does not erode over time. The model has traditionally focused on the dyadic...

Cross-border mergers and acquisitions (M&As) have gained in popularity over the last decade. However, research on this type of diversification strategy has not kept pace with this trend. While there is considerable research in the area, it is unfortunately fragmented, leaving gaps that need to...