How does offshore outsourcing of knowledge-intensive activities affect the exports and financial performance of emerging market firms?

Buckley, Peter J.; Munjal, Surender; Requejo, Ignacio

doi:10.1057/s41267-022-00511-z

Cited by 8 publications

(6 citation statements)

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“…-concepts of outsourcing and delegation of authority (Kalendzhyan, 2003;Lok et al, 2018Lok et al, 2013: the concept of reengineering (Kalendzhyan, 2002); ABC concepts for cost accounting by activity (Kaplan, 1987); latest Bauhaus concept, 2021); -concepts of financial management (cash flow; cost of capital) (Stiglitz. 2007); -concepts and theories of tax management: the theory of excess taxation; the theory of optimal taxation (Gordon, Varian, 1989;Harberger, 1990); -theory of the use of "green" finance and environmental taxation in the transformation of financial and tax outsourcing (Coase, 1937;Krell, 2007;Cortellini, Panetta, 2021;Laktionova, 2021;Buckley, Munjal, Requejo;Koval, 2022;Liang, 2021;Reza-Gharehbagh et al, 2021;Morcillo, 2022;); -concepts and theories of finance and investment portfolio (Markowits, 1952); theory of capital structure (F. Modigliani, 1958).…”

Section: Literature Reviewmentioning

confidence: 99%

“…The active development of financial outsourcing was associated with the transfer of individual accounting processes to outsourcing, and with the subsequent maintenance of not only accounting, but also tax accounting, the formation of financial statements and their analysis (Farrell et al, 2005;Mubako, 2019), as well as individual operations for financial management (Krell, 2007). International financial outsourcing was further developed, in which outsourcing companies (mainly the USA and the EU) become customers, and companies performing services in the crowdsourcing mode acted as contractors (Gbani, 2013;Buckley, Munjal, Requejo, 2022). There is an organization of platforms SSC (shared services center), by centralizing and standardizing the operations of financial services and integrating IT systems in international markets.…”

Section: Introductionmentioning

confidence: 99%

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Transforming Financial Outsourcing Services for Sustainable Business Development: A Review on Green Finance

Laktionova

Kovalenko

Myhovych

et al. 2022

ees

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Introduction. Financial outsourcing services contribute to the effective management of economic relations arising in the process of the formation and use of financial resources. With the unchanged goal of financial outsourcing, its services are being transformed, associated with the development of the financial market and the emergence of innovative financial instruments, technologies and mechanisms. Aim and tasks. The purpose of the article is to form a methodology for studying financial markets, growth points and development trends of "green" finance and tools for sustainable business development that require the transformation of financial outsourcing services. Results. A review of sustainable business development based on the methodology of researching the green financial market and financial instruments was carried out, which consists in the use of biometric, predictive, and other methods of analysis that allow timely identification of innovative financial instruments, their development trends, empirical data on their significance, sources of funding, scale, models and trends in the development of economic relations arising in the process of environmental modernization of production. The proposed methodology for researching the financial market will make it possible to transform financial outsourcing services in a timely manner, especially for clients engaged in the development and implementation of engineering innovations aimed at developing a sustainable economy based on green finance. Conclusions. The dynamics of the development of green bonds is significantly ahead of the dynamics of the development of the financial market as a whole. The concept of organizing regional sustainable financial systems is proposed, the infrastructure of which includes a financial outsourcer that contributes to the effective attraction and use of financial resources for sustainable business development. A classification of client groups of financial outsourcing services is proposed depending on the size of business entities and the involvement of specific financial instruments and management mechanisms carried out by an outsourcer, which provides capital management using financial management mechanisms, accelerating its turnover and reuse.

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Section: Literature Reviewmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Transforming Financial Outsourcing Services for Sustainable Business Development: A Review on Green Finance

Laktionova

Kovalenko

Myhovych

et al. 2022

ees

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“…1985) and Barney (1991) in identifying company features such as proprietary technology, marketing capabilities and firm size as key elements. In fact, Porter structures analysis along the value chain, arguing that companies can either possess/develop differential capabilities in each stage of the value chain, from purchasing inputs to selling to ultimate customersor they can contract out to other firms to obtain capabilities that the firm itself does not possess or want to develop (Buckley et al, 2022). We view this value chain analysis as particularly relevant to emerging market firms, which can insert themselves into global value chains through local production/assembly or distribution (e.g.…”

Section: Competitive Advantages Of Emerging Market Firmsmentioning

confidence: 99%

Explaining the performance of South African firms

Grosse

Wöcke

Mthombeni

2022

IJOEM

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PurposeThe discussion of competitive strategy in recent years has turned to exploring the differences between emerging market (EM) companies and traditional companies from the US, Europe and Japan. In particular the question has been: do we need a new theory of EM companies, or can existing theory be applied, perhaps with adaptations? The authors intent in this paper is to show what features enable EM firms to succeed in domestic competition, where institutional settings are different from those in Triad countries. The authors do not explore the issue of EM companies competing internationally.Design/methodology/approach The authors argue that competitive advantages (Porter) or resources (Barney; Wernerfelt) offer a solid base on which to build an understanding of successful domestic strategies of firms in EMs, also recognizing that the specific advantages differ somewhat in EMs, due to institutional differences (Peng). The authors explore characteristics of the 250 largest publicly-traded South African firms which enable them to compete successfully (incl: company size, brand value, company age, international sales and family ownership). The authors conclude that existing theories do indeed serve in this context, but that they need to be adjusted for the different institutional environments in EMs.FindingsFactors that contribute to performance include: company size(+),brand value(+), company age (+), international sales(+) and family ownership(−). The literature that has developed on EM companies competing internationally fails to recognize that most of the features identified exist for all companies in a given country – so they do not explain domestic performance. Of course, even in the domestic context some companies will be better able to take advantage of institutional capabilities such as dealing with the government and with volatile economic conditions than other companies.Research limitations/implicationsThe study results come from only one EM, so there may be limits on generalizing to others. If China is excepted, the results here are broadly applicable to medium-sized and larger EMs today, with idiosyncrasies remaining for individual countries (such as natural resources, location, etc.)Practical implicationsEM companies to succeed in their domestic markets should look to build size/scale, to develop their brands and to expand internationally. They should also expand ownership to non-family investors. These factors were significantly correlated with superior performance of listed companies in South Africa and have been shown to apply elsewhere as well.Originality/valueAlso, most analyses of EM companies focus on their distinctive institutional capabilities for competing with firms from Triad countries. The study analysis focuses on domestic competition rather than on going abroad.

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“…Technological activities of firms from many Western European countries have become decentralized to foreign subsidiaries (Cantwell and Kosmopoulou, 2002). Thus, previous studies on international knowledge sourcing have primarily emphasized the relationship between the parent firm and its subsidiaries in foreign countries, as well as the role of subsidiaries in the MNC network (Buckley et al , 2022; Cantwell and Mudambi, 2011; Frost, 2001; Kim and Cho, 2021; Song et al , 2011).…”

Section: Introductionmentioning

confidence: 99%

An industry’s international connectedness and knowledge-sourcing behavior: a study of the Korean case

Cho,

Cantwell

2024

RIBS

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Purpose The purpose of this study is to investigate the impact of an industry’s connectedness to foreign countries on knowledge sourcing. Design/methodology/approach The authors examine the research model through probit regression techniques to the 472,303-patent data across 16 industries derived from the United States Patent and Trademark Office. Findings The results suggest that international connectedness increases the accessibility of foreign knowledge and helps the accumulation of technological capability. Thus, this paper provides a better understanding that international connectedness can be critical for exploiting knowledge dispersed worldwide and influencing intra- and interindustry knowledge-sourcing behavior in the home country. Originality/value While prior studies have mainly paid attention to the relationship between parents and subsidiaries in foreign countries for international knowledge sourcing, the authors attempt to analyze international and local knowledge sourcing with a broader set of knowledge sourcing channels at an aggregate level. By considering an industry’s export intensity and inward foreign direct investment, this study reveals specifically how the extent of an industry’s international connectedness influences knowledge sourcing from both abroad and locally.

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How does offshore outsourcing of knowledge-intensive activities affect the exports and financial performance of emerging market firms?

Cited by 8 publications

References 107 publications

Transforming Financial Outsourcing Services for Sustainable Business Development: A Review on Green Finance

Transforming Financial Outsourcing Services for Sustainable Business Development: A Review on Green Finance

Explaining the performance of South African firms

An industry’s international connectedness and knowledge-sourcing behavior: a study of the Korean case

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