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What role does CEO vision play in the internationalization process of firms? Evidence from the banking sector in Africa

Published on Jan 1, 2019in Thunderbird International Business Review
· DOI :10.1002/tie.21958
Simona Gentile-Lüdecke1
Estimated H-index: 1
(University of Bremen),
Tilo Halaszovich3
Estimated H-index: 3
(JU: Jacobs University Bremen),
Sarianna M. Lundan15
Estimated H-index: 15
(University of Bremen)
Abstract
  • References (42)
  • Citations (2)
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References42
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#1Michael-Jörg Oesterle (University of Stuttgart)H-Index: 9
#2Corinna Elosge (University of Stuttgart)H-Index: 2
Last. Lukas Elosge (University of Stuttgart)H-Index: 1
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Internationalization decisions represent major objects of international business research; in this context, the respective role of decision-makers, i.e., strategic actors has been under study for now nearly 50 years. However, some important individual characteristics of strategic actors, which seem to influence individual decision-making in a significant way, have been – in contrast to general management research – widely disregarded. Among those characteristics, narcissism plays a decisive role...
18 CitationsSource
#1Dev K. Dutta (UNH: University of New Hampshire)H-Index: 10
#2Shavin Malhotra (UW: University of Waterloo)H-Index: 12
Last. PengCheng Zhu (USD: University of San Diego)H-Index: 14
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This paper examines how the internationalization process evolves. We do so by examining the cross-border acquisition (CBA) decisions of multinationals under the contingent impact of slack resources and CEO power and influence. Grounding our arguments in Giddens’ (1984) structuration theory, we identify how and why path-dependencies associated with CBA decisions give way to strategic change, demonstrating the duality of structure and agency in this evolutionary process. Further, we show that orga...
14 CitationsSource
#1Kweku Adams (U of C: University of Calgary)H-Index: 4
#2Yaw A. Debrah (Swansea University)H-Index: 23
Last. Frederick MmiehH-Index: 6
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While sub-Saharan African countries have been able to attract some degree of resource-seeking foreign direct investment (FDI) due to their abundant natural resources, financial FDI inflows have proved to be elusive for the region, in spite of the widespread financial-sector adjustment programs that offer attractive incentive packages for financial multinational corporations (MNCs). Literature surrounding the determinants of FDI inflows has mainly focused on manufacturing and real production acti...
8 CitationsSource
#1Lars Engwall (Uppsala University)H-Index: 23
#2Amjad Hadjikhani (Uppsala University)H-Index: 16
Abstract Two significant features during the post-war period have been an increasing internationalization of economic activities and a growing role for financial services in the world economy. Considerable attention has been devoted to both these features separately, while attention to the internationalization of financial service firms has been more limited. Even more limited have been the efforts to combine this work with studies of the influence of market turbulence on financial service firms...
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#1Farok J. Contractor (RU: Rutgers University)H-Index: 27
#2Somnath Lahiri (ISU: Illinois State University)H-Index: 16
Last. Sumit K. Kundu (College of Business Administration)H-Index: 23
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In this study, we tackle a relatively un-researched question: What explains partial FDI acquisitions? The choice between full, majority, and minority ownership is explained on the basis of three locational factors -- the differences, or "distances," between the countries of the acquirer and target firm, -- operationalized in terms of (i) institutions, (ii) culture, and (iii) sectoral relatedness. The sample comprises 1,389 acquisitions in India and China by acquirers from 33 nations over an 11-y...
68 CitationsSource
#1Kweku AdamsH-Index: 4
#2Yaw A. Debrah (Swansea University)H-Index: 23
Last. Frederick MmiehH-Index: 6
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The main aim of this article is to examine the factors that influence the inflow of financial foreign direct investment (FDI) into SSA and to understand foreign investors’ perceptions of the role of institutional factors in facilitating financial FDI inflows and the extent to which the post reform business environment has been successful in attracting financial FDI inflows into SSA. An in-depth qualitative study was adopted for the research. Using two financial multinational corporations as case...
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Although scholars have highlighted the need for firms to explore and exploit market opportunities in underserved markets to achieve superior performance, emerging-market firms' strategic choices and constraints in such environments remains an underexplored area. Drawing on insights from the intra-Africa air travel sector, we uncovered that the intense competitive pressures on inter-African routes has intensified both exploration and exploitation activities on the intra-African market as firms se...
13 CitationsSource
#1Amjad Hadjikhani (Uppsala University)H-Index: 16
#2Annoch Isa Hadjikhani (MDH: Mälardalen University College)H-Index: 1
Last. Peter Thilenius (MDH: Mälardalen University College)H-Index: 10
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Commitment in the internationalization process model (IP-model) is challenged by the search for knowledge through experience and interactions. Critics opposing this logic even forced the founder of the model to call for the need for integration of other elements in order to understand irregular behaviour like rapid internationalization, loss of commitment and market exit. Aligned with this call, the paper raises the question of how the IP-model can be applied to analyse both regular/incremental ...
34 CitationsSource
Purpose – Research investigating the internationalisation process of firms from Sub‐Saharan Africa (SSA) is limited. The purpose of this paper is to draw on extant work on internationalisation theory to propose an integrative framework that investigates the internationalisation process of African banks.Design/methodology/approach – Using a qualitative, case‐based approach, the study explores the distinct cases of four banks (three in Nigeria and one in Kenya/Mauritius) and explores their interna...
12 CitationsSource
#1Andreas Schotter (ASU: Arizona State University)H-Index: 10
#2Paul W. Beamish (UWO: University of Western Ontario)H-Index: 62
This study investigates the widely overlooked phenomenon of multinational enterprise (MNE) location avoidance, utilizing a multi-method research design and data on 131 foreign investment locations. It complements economic-choice-based location research by adding contextual dimensions at the country level that matter to managers personally, and affect decisions at the firm level. We provide a connection between international business research, the behavioral stream in economic geography, and the ...
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#1Osama Sam Al-Kwifi (Qatar University)H-Index: 8
#2Gary L. Frankwick (UTEP: University of Texas at El Paso)H-Index: 17
Last. Zafar U. Ahmed (American University of Ras Al Khaimah)H-Index: 3
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Abstract Having expanded their global operations, many African firms have begun to appear on the radar screens of multinational players. The distinctive nature of the African continent has directed these firms to follow unconventional paths to internationalization. This study explores the strategies employed by Ethiopian Airlines to overcome the challenges of its operating environment and to achieve rapid internationalization. These strategies were shaped by the act of leveraging accumulated cap...
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#1Charles Blankson (UNT: University of North Texas)H-Index: 20
#2Michael Fiifi Nkrumah (Ghana Institute of Management and Public Administration)H-Index: 1
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