International Business in Times of Crisis by Van Tulder, Rob; Verbeke, Alain; Piscitello, Lucia;

Short description:

International Business in Times of Crisis classifies studies of crises relevant to international business research following a global pandemic which exposed systems failures and fragilities closely across global economic, financial, political, and social systems.

Long description:

This sixteenth volume in the PIBR series, International Business in Times of Crisis, is dedicated to Professor Geoffrey Jones from the Harvard Business School, and to the importance of historical scholarship in International Business (IB) studies.

The global Covid-19 crisis triggered a profound economic crisis, with a decline in global economic activity on a scale not seen since the Great Depression. This pandemic revealed systems failures and fragilities closely related to the organization of global economic, financial, political, and social systems. It has confronted the world with fundamental questions regarding how the global community, as well as companies in general and multinational enterprises (MNEs) in particular, should design global responses to crises. A multi-level and longitudinal approach to studying crises in IB is clearly necessary. This book classifies studies of crises relevant to IB research and will hopefully be helpful to IB scholars, as they reflect on the type of crises they want to study as part of their future research agenda.

“The main point coming out of this brief description of my own intellectual journey is to emphasize that crises have been the norm rather than the exception in the history of international business. They have taken many forms and building a typology of crises would be a helpful next step in new research.” Geoffrey Jones (in this volume)

Table of Contents:

Chapter 1. IB in Times of Crisis: What Perspective to Take?; Rob van Tulder, Alain Verbeke, Lucia Piscitello, and Jonas Puck

Part I. The Longitudinal Perspective – The Importance of Historical IB Studies

Chapter 2. Crises and International Business; Geoffrey Jones

Chapter 3. Crises in International Business: A New Perspective; Mark Casson

Chapter 4. History Matters; Mira Wilkins

Chapter 5. Crises, Emerging Market Firms, and Global Value Chain Resilience; Pavida Pananond

Chapter 6. Business Groups, Panics, Runs, Organ Banks and Zombie Firms; Asli M. Colpan and Randall K. Morck

Chapter 7. Take a Look at Yourself: International Business and the De-globalization Crisis; Michael A. Witt

Chapter 8. Extraordinary Risk Management in International Business Strategy; Teresa da Silva Lopes

Part II. The Micro-Perspective – Self-Inflicted Crises

Chapter 9. How Companies Respond to Self-inflicted Crises. A Comparison Between Countries, Types of Crises, and Response Strategies; Marcus Conrad and Marc Oberhauser

Chapter 10. Learning Processes During Re-internationalization: A Case Study of Chinese SMEs; Honglan Yu, Margaret Fletcher, and Trevor Buck

Chapter 11. Switching Governance Modes to Improve the Resilience of Global Value Chains Against External Disruptions; Wenyan Yin and Hwy-Chang Moon

Part III. Meso-Level Perspective – Sectoral Crises

Chapter 12. How to Be Smart: Leveraging Digital FDI to Address Risk Through Capacity and Competitiveness; Matthew Stephenson, Lorraine Eden, Michael Kende, Fukunari Kimura, Karl Sauvant, Niraja Srinivasan, Lucia Taioli, and James Zhan

Chapter 13. COVID-19 Crisis, Digitalization and Location Decisions; Rubina Romanello, and Valerio Veglio

Chapter 14. Serial Nonlinear Internationalization Before and During the COVID-19 Pandemic: Case Study Evidence From Estonia; Tia Vissak

Chapter 15. Evolution of Consumption and Retail Transformation – The Emergence of a New Institutional Order for the Future of Retailing; Anna Karhu, Elina Pelto, and Lauri-Matti Palmunen

Chapter 16. Consumer Vulnerability During COVID-19: The Impact of Fear and Age on Consumer Behaviour and Business Strategy; Helena Sá Domingues, Marcelo Augusto Linardi, Susana Costa e Silva, and Paulo Duarte

Chapter 17. Reassessing the Impact of the 2008 Financial Crisis on Global Foreign Direct Investment: Empirical Evidence and Theoretical Implications; Guoyong Liang

Chapter 18. Nexus of Debt Financing, Investment and Policy Intervention: Impact of COVID-19 Pandemics on CAREC Member Countries; Muhammad Ayub Mehar

Part IV. Macro-Level Perspective – Systems Crises and Country Risks

Chapter 19. Globalization in a COVID-19 Afflicted World; P. Trapczynski, M. G. Gorynia, J. Nowak, and R. Wolniak

Chapter 20. Host Country Risk Dynamics and Foreign Direct Investments; Very Kunczer, Thomas Lindner, and Jonas Puck

Chapter 21. Strategies to Face BREXIT: The Case of Polish Companies; Barbara Jankowska, Aleksandra Kania, and Katarzyna Mroczek-Dabrowska

Chapter 22. Polish Companies and the Uncertainty Over BREXIT’s Regulatory Void: Adaptive Strategies Towards the Unknown; Katarzyna Mroczek-Dabrowska and Anna Matysek-Jędrych

Chapter 23. The Paradox of Distance: New Zealand Businesses During COVID-19; Benjamin Fath, Antje Fiedler, Noemi Sinkovics, and Rudolf R. Sinkovics

Part V. Exogenous Crises – Natural Distasters and Emergencies

Chapter 24. Managers’ Identification of Natural Disaster Risks: Findings From a Survey of 18 Countries; Chang Hoon Oh and Jennifer Oetzel

Chapter 25. A Taxonomy of Corporate Emergency Responsibility to Ensure Social Sustainability Post-Shock; Francisco Javier Forcadell and Elisa Aracil

Chapter 26. An Enterprise Risk Model for COVID-19 Crisis Effects – The Hungarian Experience; Peter Juhasz and Ageness Szabo

Chapter 27. Doing Business in a Distant Paradise; Adam Grzywacz, Małgorzata Kuczara, and Aleksandra Wąsowska