59 research outputs found

    Developing potential and realized ACAP: The role of market sensing and responsiveness

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    This study explores how firms develop potential and realized absorptive capacity. In doing so, we extend the associations between organizational antecedents (coordination, system, and socialization capabilities) and potential and realized absorptive capacity by integrating market sensing and responsiveness as prerequisite contextual variables. The analysis is conducted using multilevel data obtained from 205 managers of 24 banks. Our findings show that coordination capabilities are positively associated with potential absorptive capacity while system and socialization capabilities are positively associated with realized absorptive capacity. Market responsiveness significantly moderates the relationship between socialization capabilities and realized absorptive capacity, such that the positive effect becomes weaker as market responsiveness increases. Also, market responsiveness significantly moderates the relationship between system capabilities and realized absorptive capacity, such that the positive effect becomes weaker when market responsiveness both increases and to a less extent decreases. The findings provide implications for research and practice on developing potential and realized absorptive capacity

    Processes Underlying MNE Subsidiary Absorptive Capacity: Evidence from Emerging Markets

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    We explore the determinants of absorptive capacity by examining how managers of MNE subsidiaries operating in emerging markets recognize, assimilate and apply external knowledge. From analysis of the subsidiaries of 12 MNEs with data from a total of 62 informants from China, India, Brazil and Kenya, six constructs emerged: prior knowledge significance, unlearning, explorative scanning, transformative learning, exploitative application and organization context. Through the iteration of data and theory, we develop a model, which presents a process framework that suggests the dynamic relationships among the emergent concepts underlying absorptive capacity. By identifying and explicating key actions and practices that have previously been largely treated as implicit in the absorptive capacity literature, the study enriches understanding of the micro-processes of absorptive capacity

    Why wait? Organizational learning, institutional quality and the speed of foreign market re-entry after initial entry and exit

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    Using a unique dataset of over 1000 foreign marketre-entries by multinational enterprises, we draw on organizational learning and institutional theory perspectives to examine the antecedents of speed of foreign market re-entry into previously exited markets. Contrary to expectations, we find that the length of experience accumulated between initial entry and exit does not lead to earlier re-entries. In turn, the depth of experience accumulated through operating via joint ventures and the nature of the experience determined by the exit process have a significant impact for early re-entrants. Host country institutional quality leads to early re-entry and, under certain circumstances, moderates the relationship between learning from past experiences and re-entry speed. Our findings reveal experience-based learning to be a complex and dynamic process, one highly dependent on the quality of the institutional setting of the firm. Theoretical and practical implications of the paper are discussed, along with directions for future research on international business strategies

    Ownership Type, Home?Country Government?Directed Investment Policies and Firm Value in Strategic Sectors: Evidence from Chinese Acquiring Firms

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    Using data of Chinese acquirers in strategic sectors, we assess the role of home government and the effects of the interaction between ownership type and government-directed investment policies on acquiring firm value in cross-border acquisitions (CBAs). We find that CBA activities in strategic sectors encouraged by the home-country government through its investment policies experience significant increase in acquiring firm value. We also find that firms investing in government-designated strategic sectors generate wealth for acquirers, but contrary to efficiency logic rooted in agency theory, state-owned enterprises appear to outperform private-owned enterprises. Further analysis indicates that three financial incentives associated with government-directed policies – namely, interest-rate reduction, tax incentives and direct subsidies – constitute sources of firm value. Our results raise several policy implications, including the need for transparent and rule-based policies and governance systems to be developed and implemented by governments in the home and host countries to regulate state-supported firms investing in sensitive strategic sectors

    Value Creation from Big Data: Looking Inside the Black Box

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    The advent of big data is fundamentally changing the business landscape. We open the ‘black box’ of the firm to explore how firms transform big data in order to create value and why firms differ in their abilities to create value from big data. Grounded in detailed evidence from China, the world’s largest digital market, where many firms actively engage in value creation activities from big data, we identify several novel features. We find that it is not the data itself, or individual data scientists, that generate value creation opportunities. Rather, value creation occurs through the process of data management, where managers are able to democratize, contextualize, experiment and execute data insights in a timely manner. We add richness to current theory by developing a conceptual framework of value creation from big data. We also identify avenues for future research and implications for practicing managers

    Home based exercise to improve turning and mobility performance among community dwelling older adults: protocol for a randomized controlled trial

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    Background: Turning is a common activity for older people, and is one of the activities commonly associated with falls during walking. Falls that occur while walking and turning have also been associated with an increased risk of hip fracture in older people. Despite the importance of stability during turning, there has been little focus on identifying this impairment in at risk older people, or in evaluating interventions aiming to improve this outcome. This study will evaluate the effectiveness of a 16 week tailored home based exercise program in older adults aged (50 years and above) who were identified as having unsteadiness during turning.Methods/Design: A single blind randomized controlled trial will be conducted, with assessors blind to group allocation. Study participants will be aged 50 years and above, living in the community and have been identified as having impaired turning ability [outside of age and gender normal limits on the Step Quick Turn (180 degree turn) task on the Neurocom® Balance Master with long plate]. After a comprehensive baseline assessment, those classified as having balance impairment while turning will be randomized to intervention or control group. The intervention group will receive a 16 week individualized balance and strength home exercise program, based on the Otago Exercise Program with additional exercises focused on improving turning ability. Intervention group will attend four visit to the assessment centre over 16 weeks period, for provision, monitoring, modification of the exercise and encourage ongoing participation. Participants in the control group will continue with their usual activities. All participants will be re-assessed on completion of the 16 week program. Primary outcome measures will be the Step Quick Turn Test and Timed-Up and Go test. Secondary outcomes will include other clinical measures of balance, psychological aspects of falls, incidence of falls and falls risk factors. Discussion: Results of this study will provide useful information for clinicians on the types of exercises to improve turning ability in older people with increased falls risk and the effectiveness of these exercises in improving outcomes
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