Foreign to all but fluent in many: The effect of multinationality on shock resilience

Puhr, Harald; Müllner, Jakob

doi:10.1016/j.jwb.2022.101370

Cited by 35 publications

(10 citation statements)

References 115 publications

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“…Such international hotels should be concerned with enhancing their resilience in the different markets in which they operate, because only then will their performance be sufficiently altered. In line with the studies by Martins et al [50] and Puhr and Mullner [51], the international development of firms provides them with essential learning to compensate for the difficulties of the process and allows them to become more resilient.…”

Section: Discussionmentioning

confidence: 58%

“…These firms' responses to adversity are likely to be more complex than when in a domestic environment, as conducting business across borders adds numerous levels of institutional and market uncertainty [48,49]. Developments at the international level provide essential learning and guidance for businesses to offset potential difficulties in this process and make them more resilient [50,51]. By being more proactive, organizations are alert to early warning signs and are more likely to have proven response and recovery plans [22].…”

Section: Organizational Resilience: Mediating Rolementioning

confidence: 99%

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Internationalization and Sustainable Hotel Competitiveness: Resilience and Network Ties to Increase Tourism Sustainability

Rienda,

Ruiz-Fernández,

Andreu

2024

Sustainability

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The tourism industry, which is exposed to a turbulent environment, is one of the sectors that are the most vulnerable to any change (such as political, economic, environmental, or social). This makes it necessary to study firm resilience in this industry in order to identify the factors that can enhance companies’ capacity for resilience in turbulent environments. Moreover, the strategies pursued by tourism companies to become more resilient and more competitive are closely related to tourism sustainability. Among the factors that can affect resilience, we analyze the roles of the degree of internationalization and network ties. Moreover, we explore the influence of resilience on the sustainable competitiveness of hotel firms. For this purpose, we propose a variance-based structural equation modeling analysis where resilience acts as a mediating variable between the degree of internationalization and sustainable competitiveness. Our results allow us to draw important theoretical implications, which shed light on a field of study that is currently much debated, and practical implications, which will help hotel entrepreneurs to make timely decisions in dynamic environments.

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Section: Discussionmentioning

confidence: 58%

Section: Organizational Resilience: Mediating Rolementioning

confidence: 99%

Internationalization and Sustainable Hotel Competitiveness: Resilience and Network Ties to Increase Tourism Sustainability

Rienda,

Ruiz-Fernández,

Andreu

2024

Sustainability

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“…2 Although research ranging from Economics to Epidemiology applies Google Trends, it has attracted only limited attention in IB -see Puhr and Müllner (2022) for an exception. Google Trends provides data on search volume for specific topics and thereby allows researchers to approximate issue salience in terms of information seeking by internet users -rather than information supply by the media.…”

Section: Step 2: Use Google Trends As An Alternative Data Sourcementioning

confidence: 99%

Media in the Geopolitical Crossfire: Identification and Novel Data Sources for IB Research

Puhr

Kupfer

2023

AIB Insights

Self Cite

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The media is a rich data source for IB scholars to study policy uncertainty, stakeholder attention, and issue salience. However, the media is exposed to geopolitical tension and political interference. The resulting bias distorts the insights scholars gain from media analysis and leads to potentially impaired conclusions. This study introduces GDELT and Google Trends as novel data sources to handle this challenge. Their usefulness is illustrated by an analysis of media coverage of Russia’s invasion in Ukraine in 2022. The paper guides scholars in conducting media-based research in the face of abrupt geopolitical tension and political interference.

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“…IB researchers use event studies to investigate the effect of a number of relevant events (e.g. COVID-19 or economic sanctions) on firms and their international strategies (Eden et al , 2022; El Ghoul et al , 2023; Guedhami et al , 2022; Puhr and Müllner, 2022).…”

Section: Finance Contributions To International Business Researchmentioning

confidence: 99%

Striking a balance? Finance perspectives on international business research

Müllner¹,

Filatotchev²,

Lindner³

2023

MBR

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Purpose The purpose of this paper is to bridge the disciplinary divide between international finance and international business (IB) to realign academic research with business reality in which strategy and finance align to determine firms’ success or failures. Design/methodology/approach The authors discuss theoretical differences between the fields of international finance and IB strategy that caused the fields to develop in isolation with little fertilization across disciplines. The authors review scarce interdisciplinary contributions between the fields. Finally, the authors identify complementarities that suggest fruitful avenues for future research. Findings The authors find a persistent disconnect between finance and strategy/IB literature that can be explained by fundamentally different aims and assumptions about the markets. While finance theory seeks to explain typical effects under functioning markets, strategy and IB theories focus inherently on exceptional effects and market inefficiencies. Research limitations/implications The fundamental theoretical differences that isolate finance and strategy/IB create avenues for interdisciplinary research that harness the complementarities of the two disciplines. These include strategic aspects of capital structure, internal capital market inefficiencies, corporate governance, capital market liability of foreignness and institutional aspects of financial management. Practical implications With this paper, the authors not only bring academic researchers in finance and strategy closer to corporate practice. The theoretical discussion also challenges the functional blind spots of practitioners and encourages more holistic decision-making. Social implications Challenging market functioning and recognizing market inefficiencies using strategy and IB foundations connects financial economics with non-market topics such as environment, society and governance or impact investing. Originality/value The value and originality of the paper come from the qualitative, epistemological approach to study and analyse the divide between international finance and strategy/IB scholarship.

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Foreign to all but fluent in many: The effect of multinationality on shock resilience

Cited by 35 publications

References 115 publications

Internationalization and Sustainable Hotel Competitiveness: Resilience and Network Ties to Increase Tourism Sustainability

Internationalization and Sustainable Hotel Competitiveness: Resilience and Network Ties to Increase Tourism Sustainability

Media in the Geopolitical Crossfire: Identification and Novel Data Sources for IB Research

Striking a balance? Finance perspectives on international business research

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