Beyond the nation-state: Anchoring supranational institutions in international business research

Hartmann, Simon; Lindner, Thomas; Müllner, Jakob; Puck, Jonas F.

doi:10.1057/s41267-022-00537-3

Cited by 20 publications

(14 citation statements)

References 206 publications

(226 reference statements)

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“…The global nature of modern slavery clearly calls for better transnational governance that elevates existing thinking from the institutional (failure) level to the level of supranational institutions (Hartmann et al, 2022) a typical feature of global wicked problems (Raškovi c, 2022). Even more importantly, it shows the need to re-think the area of such governance altogether in the process of re-framing modern slavery as a labor governance and supply issue (LeBaron, 2020).…”

Section: Transnational Governancementioning

confidence: 99%

Taming wicked problems through international business policy: recommendations for addressing modern slavery

Rašković

2023

CPOIB

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Purpose The paper frames modern slavery as a global wicked problem and aims to provide a set of international business (IB) policy recommendations for taming it. The outlined approach can also guide IB policymaking to address other kinds of wicked problems. Design/methodology/approach This is a conceptual paper that reviews existing literature on wicked problems and integrates it with an IB policy double helix framework. The paper focuseses on the role multinational enterprises (MNEs) play in moderl slavery globally, either through global value chains or within global factory modes of operation. Findings As a global wicked problem, modern slavery will never be solved, but it can be re-solved time and time over. Understanding the social reproduction of modern slavery can help shift the focus from labor governance and a narrow supply chain focus toward the role of transnational governance and the need to address institutional, market and organizational failures. Originality/value The paper contributes to the gap in an overarching theory of modern slavery and systematically applies the concept of wicked problems and wickedness theory to modern slavery. Drawing on an IB policy double helix framework, the paper addresses the governance nexus between modern slavery, IB and policymaking which can in turn advance IB policy research and theory.

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Section: Transnational Governancementioning

confidence: 99%

Taming wicked problems through international business policy: recommendations for addressing modern slavery

Rašković

2023

CPOIB

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“…In the next section, we present a SCT framework of populism and show how the concept of protoinstitutions supports populism's proto-revolutionary nature (Blake et al, 2022) and strategies of political entrepreneurs (Aslanidis, 2020) but also policy-led institutional transitions at national (Yan et al, 2023) -and possibly supranational levels (Hartmann et al, 2022).…”

Section: The Myopic Nature Of Populismmentioning

confidence: 99%

The emergence of populism as an institution and its recursive mechanisms: A socio-cognitive theory perspective

2023

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The rise of populism worldwide provides an excellent setting to explore the dynamic relationships among international business (IB), institutional context, and IB policymaking. It also has important implications for multinational enterprises (MNEs). To understand populism’s recursiveness, such relationships need to be examined more broadly from a social psychology lens; also, within IB and IB policy research. While populism has been attracting widespread attention among many different IB stakeholders, our understanding of populism at the nexus of politics, the economy and social psychology remains undertheorized and, sometimes, misunderstood. We employ socio-cognitive theory (SCT) to answer how populism arises (RQ1) and establishes itself as an institution (RQ2). By shedding light on the origin and mechanics of populism’s recursive nature, the logic of “proto-institutions”, which we employ to understand institutional change in the context of populism, helps advance institutional theory within an IB context. Exploring the implications of populism for MNEs helps advance theory on MNE non-market strategies (NMSs) and shed light on MNEs’ corporate political activities. The re-framing of populism as a wicked problem further provides a theoretical toolkit for IB policy research. We present several future research directions for IB and IB policy research, as well as MNE research.

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“…Furthermore, institutional research in finance has focused on individual country-level institutions, but little recognized the complexity of the institutional environment of MNEs in which firms operate in multiple, contradicting institutional environments simultaneously (Kostova and Roth, 2002; Kostova et al , 2008). Specifically, the supranational level (Hartmann et al , 2022), which plays a major role in cross-border finance through organizations such as the Bank for International Settlements, the European Union or the International Monetary Fund, receives little attention in corporate finance.…”

Section: Future Research Directionsmentioning

confidence: 99%

Striking a balance? Finance perspectives on international business research

Müllner¹,

Filatotchev²,

Lindner³

2023

MBR

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Purpose The purpose of this paper is to bridge the disciplinary divide between international finance and international business (IB) to realign academic research with business reality in which strategy and finance align to determine firms’ success or failures. Design/methodology/approach The authors discuss theoretical differences between the fields of international finance and IB strategy that caused the fields to develop in isolation with little fertilization across disciplines. The authors review scarce interdisciplinary contributions between the fields. Finally, the authors identify complementarities that suggest fruitful avenues for future research. Findings The authors find a persistent disconnect between finance and strategy/IB literature that can be explained by fundamentally different aims and assumptions about the markets. While finance theory seeks to explain typical effects under functioning markets, strategy and IB theories focus inherently on exceptional effects and market inefficiencies. Research limitations/implications The fundamental theoretical differences that isolate finance and strategy/IB create avenues for interdisciplinary research that harness the complementarities of the two disciplines. These include strategic aspects of capital structure, internal capital market inefficiencies, corporate governance, capital market liability of foreignness and institutional aspects of financial management. Practical implications With this paper, the authors not only bring academic researchers in finance and strategy closer to corporate practice. The theoretical discussion also challenges the functional blind spots of practitioners and encourages more holistic decision-making. Social implications Challenging market functioning and recognizing market inefficiencies using strategy and IB foundations connects financial economics with non-market topics such as environment, society and governance or impact investing. Originality/value The value and originality of the paper come from the qualitative, epistemological approach to study and analyse the divide between international finance and strategy/IB scholarship.

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Beyond the nation-state: Anchoring supranational institutions in international business research

Cited by 20 publications

References 206 publications

Taming wicked problems through international business policy: recommendations for addressing modern slavery

Taming wicked problems through international business policy: recommendations for addressing modern slavery

The emergence of populism as an institution and its recursive mechanisms: A socio-cognitive theory perspective

Striking a balance? Finance perspectives on international business research

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