Smith, Andrew - In: Multinational Business Review 24 (2016) 1, pp. 25-46
Purpose This paper aims to apply the Legitimacy-Based View (LBV) of political risk to the experience of the Hongkong and Shanghai Banking Corporation (HSBC) in the First World War. The paper shows that HSBC’s ability to survive this conflict was due, in part, to its ability to manage political...