Global cities: A multi-disciplinary review and research agenda

Chakravarty, Dwarka; Goerzen, Anthony; Musteen, Martina; Ahsan, Mujtaba

doi:10.1016/j.jwb.2020.101182

Cited by 36 publications

(47 citation statements)

References 186 publications

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“…Given the above motives, global cities, it might be argued, are likely to be suitable target FDI locations, as they have (a) some of the technological and human capital resources EMNEs require for catchingup, in addition to (b) a number of unique LOF reducing traits the are likely to make undertaking these types of more complex FDI projects more viable. The general beneficial characteristics of global cities are thought to include; higher levels of cosmopolitanism within the general population leading in turn to higher levels of acceptance of foreign firms; and fewer institutional and cultural barriers (Chakravarty et al, 2021). Indeed, extant research on global cities that incorporates coverage of SAS/knowledge seeking types of FDI, confirms the idea that global cities are attractive locations for such knowledge seeking investments (Chakravarty et al, 2021).…”

Section: Global Cities and Greenfield Sas Related Fdimentioning

confidence: 99%

“…We discuss how our findings contribute to the debate on EMNE catch-up theory within IB, including springboard theory. We also consider how the nascent global city literature (Belderbos, Du, & Slangen, 2020;Chakravarty, Goerzen, Musteen, & Ahsan, 2021;Goerzen, Asmussen, & Nielsen, 2013) and a focus on sub-national location decisions help us better understand CMNE SAS strategies.…”

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confidence: 99%

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Are Chinese MNEs more strongly attracted to global cities and knowledge intensive city clusters than developed market MNEs when undertaking greenfield strategic asset seeking related FDI?

Sutherland²,

Peng³

et al. 2022

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Purpose Cities are host to many of the world’s knowledge intensive research and innovation clusters. As such, they are likely to be attractive locations for emerging market multinational enterprises (MNEs) seeking to engage in knowledge seeking “springboard” type firm-level catch-up strategies. The purpose of this study is to therefore explore whether city-based research-intensive clusters containing deep pools of location bounded (i.e. “sticky”) knowledge are a stronger driver for greenfield research and development (R&D)-related FDI projects for Chinese MNEs than they are for developed market MNEs. Design/methodology/approach The authors use logistic modelling on 97,163 worldwide greenfield FDI projects to explore the relative likelihoods of Chinese MNEs engaging in R&D-related greenfield (i.e. “strategic asset seeking”) FDI projects as well as how city type (global or research-intensive cluster city) moderates this relationship for Chinese MNEs. Findings The authors find that Chinese MNEs are more likely to engage in overseas R&D FDI projects (compared with other types of project) than DMNEs and that research-intensive city clusters hold a stronger attraction for Chinese MNEs than developed market MNEs. Research limitations/implications The authors discuss how the research contributes to the debate on emerging market MNE catch-up theory, as well as that on sub-national city location choice, by highlighting the growing importance of sub-national geography to understanding strategic asset seeking related greenfield FDI. Practical implications Sub-national city location choice is an important driver of strategic asset seeking FDI for Chinese MNEs, one that both national and local city level policymakers should pay attention to. Social implications Chinese FDI via aggressive mergers and acquisitions to acquire key technologies has been restricted in recent years. Policymakers must consider whether they may also wish to restrict Chinese greenfield FDI in R&D-related projects, which now exhibit a pronounced upward trend. Originality/value The authors highlight the growing importance of sub-national geography to understanding strategic asset seeking related greenfield FDI in Chinese MNEs (and how it plays, more generally, a central role in their strategies).

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Section: Global Cities and Greenfield Sas Related Fdimentioning

confidence: 99%

mentioning

confidence: 99%

Are Chinese MNEs more strongly attracted to global cities and knowledge intensive city clusters than developed market MNEs when undertaking greenfield strategic asset seeking related FDI?

Sutherland²,

Peng³

et al. 2022

View full text Add to dashboard Cite

show abstract

“…Las ciudades globales compiten intensamente para favorecer la localización de empresas y atraer inversiones directas extranjeras. Belderbos et al (2020) mostraron que las decisiones de localización de las empresas multinacionales no se adoptan necesariamente de forma secuencial, comenzando por el país, la región y posteriormente las aglomeraciones urbanas en las que estudian ubicarse, sino que consideran su ubicación, simultáneamente, en dichas aglomeraciones urbanas y las regiones y países en las que se integran (Chakravarty et al, 2021). Por tanto, la competitividad del entorno urbano importa, los factores de atracción son determinantes en las decisiones de localización y los incentivos para articular políticas de atracción de inversiones y de talento en el nivel subregional son elevados.…”

Section: Los Polos De Talento E Innovaciónunclassified

“…Entre la relación no exhaustiva de factores de atracción de inversiones enunciados en la literatura académica sobre ciudades globales cabe resaltar: las restricciones a la inversión extranjera directa, el nivel de integración global de las industrias de destino, y las brechas administrativas y culturales entre las ciudades de origen y destino de la inversión (Ma et al, 2013); la estabilidad política y social de la ciudad, sus fortalezas tecnológicas específicas, la conectividad internacional de sus redes de innovadores, y las patentes y otros activos de las universidades locales (Somers et al, 2016); la conectividad (Belderbos et al, 2017); la intensidad del conocimiento (Belderbos et al, 2020); el tamaño del mercado de la ciudad, el crecimiento de su PIB y del poder adquisitivo (Sato et al, 2012;Zheng & Du, 2020); el cosmopolitismo y la presencia de diásporas coétnicas (Chakravarty et al, 2021); o la calidad de las instituciones formativas que ofrecen (Bagchi-Sen & Sen, 1997).…”

Section: Los Polos De Talento E Innovaciónunclassified

Ciudades globales y atracción de talento. El espacio físico en el que germina la innovación y el emprendimiento

Gan¹,

Gómez

2021

Revista ICE

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Este artículo centra su atención en el liderazgo de las ciudades globales en el actual proceso de creciente urbanización. Los autores analizan los factores estructurales e institucionales que contribuyen a mejorar su competitividad para la atracción del talento y la generación y acumulación de conocimiento, aspectos fundamentales para favorecer la innovación y actividad emprendedora necesaria para el progreso económico y social.

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“…The focus on cross-country differences as roots of cultural diversity may become less salient in today's increasingly diverse nations and in cities that act as global hubs for international firms. In cosmopolitan context of global cities characterized by the presence of "transnational elites" (Chakravarty, Goerzen, Musteen, & Ahsan, 2021), the cultural composition of TMTs in firms or subsidiaries may warrant alternative ways of looking at culture and cultural differences that account for the "super-diversity" of the geographic and economic context (Vertovec, 2007). Future research should also account for the presence of ethnic or racial minorities in TMTs-hitherto a focus of research only in some Western European and North American contexts.…”

Section: From a Western To A Global Focusmentioning

confidence: 99%

Cultural Diversity in Top Management Teams – Review and Agenda for Future Research

Bodolica

Ponomareva

2020

Proceedings

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Despite its growing social relevance, research on cultural diversity in top management teams (TMTs) has been sparse and fragmented. To build a firm foundation and facilitate the development of this field, we review and synthesize 106 key articles published between 1997 and 2021. Our study provides a comprehensive field map explicating the antecedents and influence of TMT cultural diversity, showing that cultural diversity constitutes a distinct and important aspect of TMT diversity that has significant implications for a variety of outcomes. By critically assessing the field, we identify key research gaps and promising areas for future research.We are grateful for comments from Alan Ellstrand at ICGS 2020 annual meeting. We also thank Sami Elomari, Lofti Karoui, Audra Mockaitis, and seminar audiences at the 7th Critical and Alternative Approaches to Governance Workshop, Barcelona. All errors and omissions remain those of the authors.

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Global cities: A multi-disciplinary review and research agenda

Cited by 36 publications

References 186 publications

Are Chinese MNEs more strongly attracted to global cities and knowledge intensive city clusters than developed market MNEs when undertaking greenfield strategic asset seeking related FDI?

Are Chinese MNEs more strongly attracted to global cities and knowledge intensive city clusters than developed market MNEs when undertaking greenfield strategic asset seeking related FDI?

Ciudades globales y atracción de talento. El espacio físico en el que germina la innovación y el emprendimiento

Cultural Diversity in Top Management Teams – Review and Agenda for Future Research

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