Terror Incognito: International Business in an Era of Heightened Geopolitical Risk

Wernick, David A.

doi:10.4337/9781847200228.00015

Cited by 7 publications

(7 citation statements)

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“…The first category of risks, terrorist attacks, has been defined as the use of violence or the threat of violence to attain political or ideological goals and the willingness to attack noncombatants (Wernick, 2006). Terrorism may be domestic in origin or may result from international groups or networks of individuals.…”

Section: Theory and Hypothesesmentioning

confidence: 99%

“…Although strategy research has traditionally focused more on terrorism risk (particularly as a type of political risk) than on natural or technological hazards, all three types of disasters can result in lost revenues or business opportunities through a direct impact on the operations of MNCs or their key value chain partners, and/or indirect effects on critical infrastructure and the wider economy (Suder, 2004; Wernick, 2006). However, disasters and country risks may also lead to new foreign investment.…”

Section: Theory and Hypothesesmentioning

confidence: 99%

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Multinationals' response to major disasters: how does subsidiary investment vary in response to the type of disaster and the quality of country governance?

Oetzel

2011

Strategic Management Journal

236

170

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We investigate the response of multinational corporations (MNCs) to major disasters at the subsidiary level. We examine the type and severity of the disaster and whether and how country governance moderates the relationship between exogenous disaster risk and subsidiary investment. We test our hypotheses with a panel dataset of 71 large European MNCs and their subsidiaries (2001–2006) with 31,285 total observations. Findings suggest that the number of a firm's foreign subsidiaries is likely to decrease in response to terrorist attacks or technological disasters but not natural disasters, regardless of the severity of the event. For terrorist activities, MNC subsidiary‐level disinvestment is less likely when the quality of host country governance is higher. Copyright © 2011 John Wiley & Sons, Ltd.

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Section: Theory and Hypothesesmentioning

confidence: 99%

Section: Theory and Hypothesesmentioning

confidence: 99%

Multinationals' response to major disasters: how does subsidiary investment vary in response to the type of disaster and the quality of country governance?

Oetzel

2011

Strategic Management Journal

236

170

View full text Add to dashboard Cite

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“…Also, the incremental “target‐softening” direction of terrorism attacks increases the vulnerability of business interests (Brandt & Sandler, ; Wernick, ). Even if the total number of attacks might remain constant in the future, the relative number of attacks on MNC interests and their qualitative impact are likely to increase.…”

Section: Directions For Future Researchmentioning

confidence: 99%

Terrorism as an external threat factor in global value chains

Bader

Suder

Grosse

2019

Thunderbird Intl Bus Rev

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Global terrorism incidents and business-related threats have intensified in scale and scope over the past 17 years. Multinational corporations are thus exposed to direct and indirect negative impacts on their international activities. Previous research lacks thorough theoretical frameworks to analyze these impacts. The global value chain (GVC) framework offers a perspective that is both comprehensive and quantifiable for the evaluation and expansion of this prior research. The GVC enables us to assess terrorism impacts on international business overall and at each stage of the value chain. On this basis, we develop a "terrorism resilience theory") that can be used in future theoretical and managerial analyses of the response to terrorism risk. K E Y W O R D Sglobal terrorism, global value chain, multinational corporations (MNCs), risk, terrorism resilience theory, terrorism risk, uncertainty

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“…More extreme examples of external influences include shock events such as terrorist acts (Wernick 2006), economic and financial crisis, and natural disasters. In response to these external influences, many MNCs have revised their management approaches .…”

Section: External Influencesmentioning

confidence: 99%

Work and Family Interface in the International Career Context

Mäkelä¹,

Suutari²

2015

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Terror Incognito: International Business in an Era of Heightened Geopolitical Risk

Cited by 7 publications

References 0 publications

Multinationals' response to major disasters: how does subsidiary investment vary in response to the type of disaster and the quality of country governance?

Multinationals' response to major disasters: how does subsidiary investment vary in response to the type of disaster and the quality of country governance?

Terrorism as an external threat factor in global value chains

Work and Family Interface in the International Career Context

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