Foreign policy: implications for multinational firms

被引:3
作者
Andrews, Daniel S. [1 ]
Fainshmidt, Stav [2 ]
Witt, Michael A. [3 ]
Gaur, Ajai [4 ]
机构
[1] Georgia State Univ, J Mack Robinson Coll Business, Atlanta, GA 30303 USA
[2] Florida Int Univ, Coll Business, Miami, FL USA
[3] Kings Coll London, Kings Business Sch, London, England
[4] Rutgers State Univ, Rutgers Business Sch, Newark, NJ USA
关键词
Country risk; Foreign policy; Geopolitics; Multinational firms; Political dynamism; INTERNATIONAL-BUSINESS; PERFORMANCE; TERRORISM; DIASPORAS; POLITICS; LOGIC; STATE;
D O I
10.1057/s42214-024-00200-8
中图分类号
F [经济];
学科分类号
02 ;
摘要
We argue that foreign policy is a prominent source of risk and opportunities for multinational firms. While domestic policies have received ample attention in international business research, a nation's foreign policy or its stances and actions vis-a-vis other nations can also upend firms' strategy and performance, even when domestic policies remain stable. This is particularly salient in the global context of hegemonic decline and attendant geopolitical turbulence and transformation, though foreign policy changes are always relevant. Hence, we propose and delineate foreign policy as a distinct aspect of a nation's institutional landscape. We illustrate the importance of foreign policy using two cases about India's foreign policy, tracing how foreign policy shifts substantially affected firms in ways prior research does not address. We offer implications for how incorporating foreign policy helps extend international business scholarship and supports its relevance.
引用
收藏
页码:105 / 119
页数:15
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