Business investment in education in emerging markets since the 1960s

Giacomin, Valeria; Jones, Geoffrey; Salvaj, Erica

doi:10.1080/00076791.2019.1675641

Cited by 9 publications

(7 citation statements)

References 51 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…About half of them engaged in "other projects," which generally involved community support, sports, training, and skill development, while healthcare, arts, and environment followed. This is in line with foundation activity in the West (Anheier & Toepler, 1999), although initiatives, execution, and impact might significantly differ (Giacomin et al, 2019).…”

Section: Execution Of Spiritual Philanthropysupporting

confidence: 71%

“…This work generally addresses contemporary developments, without broaching the long-term relationship between entrepreneurs, their foundations, and the local business environment. This is a serious gap because, as this article and other research demonstrate, there is a long history of foundations established by business leaders in the emerging world (Cantegreil et al, 2013;Giacomin et al, 2019).…”

Section: Introductionmentioning

confidence: 95%

“…Alternatively, CSR vocabulary may be simply applied to traditional philanthropic activities (Jamali, 2010). There is also evidence of local isomorphism, with domestic business groups establishing foundations imitating the steps, structure, and strategies of prominent and wellknown business families, like Koç in Turkey and Tata in India (Giacomin et al, 2019).…”

Section: Foundations and Corporate Giving In Emerging Economiesmentioning

confidence: 99%

See 2 more Smart Citations

Drivers of Philanthropic Foundations in Emerging Markets: Family, Values and Spirituality

Giacomin

Jones

2021

J Bus Ethics

Self Cite

View full text Add to dashboard Cite

This article discusses the ethics and drivers of philanthropic foundations in emerging markets. A foundation organizes assets to invest in philanthropic initiatives. Previous scholarship has largely focused on developed countries, especially the United States, and has questioned the ethics behind the activities of foundations, particularly for strategic motives that served wider corporate purposes. We argue that philanthropic foundations in emerging markets have distinctive characteristics that merit separate examination. We scrutinize the ethics behind the longitudinal activity of such foundations using 70 oral history interviews with business leaders in 18 countries in Africa, Asia, Latin America, and the Middle East. We find that 55 out of 70 foundations associated with these leaders have been used as vehicles for a specific type of philanthropic ethics defined as “spiritual philanthropy”. These foundations often embodied personal or family traditions, culture, and religious values, which emphasized charitable giving and social responsibility. As in the case of many of the industrial foundations in Europe, these foundations also carried founding family names and provided a structure to maintain family control and enhance corporate reputation. We argue that, as business leaders in emerging markets are more directly exposed to dire social, educational and health deprivation than their counterparts in developed countries, they are less inclined toward grandiose world-making, and their foundations are more focused on delivering immediate benefits to communities in their home countries, motivated by implicit or explicit spirituality.

show abstract

Section: Execution Of Spiritual Philanthropysupporting

confidence: 71%

Section: Introductionmentioning

confidence: 95%

Section: Foundations and Corporate Giving In Emerging Economiesmentioning

confidence: 99%

See 1 more Smart Citation

Drivers of Philanthropic Foundations in Emerging Markets: Family, Values and Spirituality

Giacomin

Jones

2021

J Bus Ethics

Self Cite

View full text Add to dashboard Cite

show abstract

“…Although we drew and extended the formulation of an emergent theory of champions facing wicked problems, this article contributes to the organizational literature by further characterizing the type of actor that embodies the needs and aspirations of the collective, aligning goals toward a shared agenda of eradication of individual, sociocultural and structural barriers (George et al , 2016). In future work, we must analyze champions facing other types of wicked problems such as poverty, hunger, economic uncertainty, political confrontation and turbulence, unequal access to education, water scarcity or climate change (Bucheli and Salvaj, 2018; Bucheli et al , 2019; George et al , 2016; Giacomin et al , 2019; van Zanten and van Tulder, 2018) to critically examine this theory by conducting empirical and conceptual replications across countries and cultures (Aguinis and Solarino, 2019).…”

Section: Limitations and Future Researchmentioning

confidence: 99%

Champions in the time of COVID-19: tracing paths to recovery in Ibero-America

Wagstaff

Salvaj

Villanueva

2020

MRJIAM

View full text Add to dashboard Cite

Purpose The purpose of this study is to analyze the case of Ximena Aguilera, a prominent Chilean epidemiologist, as an exemplar of a champion in times of COVID-19 in Ibero-America. We also refine our understanding of the nature of a champion facing wicked problems. Design/methodology/approach The authors use qualitative case analysis to examine Aguilera’s actions in response to COVID-19 and compare her actions with the characteristics of an emerging theory of champions facing wicked problems. Findings This study builds iteratively upon prior analysis of gender equality champions and finds that the depth, scope and leverage of embracement of champions in times of COVID-19 are parallel to those of gender equality champions. The authors also discuss the findings from the perspective of wicked problems. Research limitations/implications Future qualitative and quantitative work is needed to examine the boundaries of the theory of champions facing wicked problems across a wider range of problem domains and in a wider population of champions. Practical implications Wicked problems can occur in multi-level organizational structures, and understanding the characteristics of individuals best-suited to contribute to the definition and solution of these problems is relevant to organizational selection, development, policy and practices. Social implications Many of the society’s greatest challenges are defined as wicked problems, so understanding the champions of wicked problems is critical for public policy and societal advancement efforts. The nature of wicked problems is considered, and the implications of champions of wicked problems for society are discussed. Originality/value This work offers an in-depth examination of a champion facing a wicked problem, here the COVID-19 pandemic, while the crisis is ongoing. By capturing the champion’s observations and experiences in real time, the authors obtain a perspective that is unique and unavailable through other methods.

show abstract

“…Other less aligned CSR initiatives, such as company-sponsored educational programs, reflect the benevolent paternalistic leadership style described by Davila and Elvira (2012). Largely disconnected from business activities, these programs tend to have a short-term orientation and frequently involve partnerships with international organizations and foreign universities (Giacomin et al, 2019). The absence of individual-level tax arrangements for philanthropy in most Latin American countries may explain why affluent families channel these initiatives through the companies they own.…”

Section: Social Responsibility and Valuementioning

confidence: 99%

A value creation perspective on international business in Latin America: directions for differentiation between emerging market multinationals

Hermans

Borda

2020

MBR

View full text Add to dashboard Cite

Purpose This study aims to draw researchers’ attention to the need to differentiate within the emerging market multinational companies (EMNCs) category. This study focuses on international business in Latin America to argue that the region’s specific institutional characteristics have consequences for within-firm decision-making regarding internationalization strategies. Additionally, the study suggests that to develop a more specific understanding of international business in emerging markets, it is important to consider how decision-makers define value and how they can capture such value. Design/methodology/approach The approach used in this study draws on the bathtub analogy used in micro-foundations research in international business. It proposes a multilevel analysis in which micro-level variation in within-firm decision-making is considered, while accounting for the conditioning effects of macro-level contextual factors. Findings The study identifies characteristics of the Latin American institutional context that are relevant to international business strategies and that potentially differ from other emerging market contexts. These include the pendular shifts to and from pro-market economic reform, fragmented government intervention in business, underdeveloped capital markets, low competition among firms and polarized labor markets. The study explains how these characteristics shape the definition of value and firm strategies to capture value in international markets, and provides examples from firms in different industries. Originality/value This study applies a value creation and capture perspective to international business in Latin America, allowing for the simultaneous consideration of macrolevel institutional characteristics and microlevel variation in decision-making regarding internationalization strategies. This perspective not only helps to distinguish Latin American EMNCs from companies from other emerging market contexts, but also explains the considerable variation in the internationalization strategies of firms within the region.

show abstract

Business investment in education in emerging markets since the 1960s

Cited by 9 publications

References 51 publications

Drivers of Philanthropic Foundations in Emerging Markets: Family, Values and Spirituality

Drivers of Philanthropic Foundations in Emerging Markets: Family, Values and Spirituality

Champions in the time of COVID-19: tracing paths to recovery in Ibero-America

A value creation perspective on international business in Latin America: directions for differentiation between emerging market multinationals

Contact Info

Product

Resources

About