Joint LCMC and Confucius Institute Seminar - Economic Nationalism and Foreign ...
Add to your calendarThis seminar will be presented by Dr Xinming He from Newcastle University Business School. Before joining Newcastle University, he was Senior Lecturer in Marketing at Newcastle Business School, and a visiting lecturer at King's College London. In the meantime, he holds professorship in the Management School of Xiamen University, a top-tier Chinese institution. Xinming is an active researcher in International Business and Strategy. His research interests include market orientation; networks; export channel selection strategy; international market selection strategy; institutional distance, international performance, and emerging markets' FDI.
Abstract: Extending institutional theory, we incorporate a neglected but important construct of institution, economic nationalism, into a model that specifies its influences on cross-border acquisition success. Particularly we focus on three elements of economic nationalism consideration, including national security concerns, foreign relations between the host and home countries, and economic growth policy (i.e., industrial policy, technology policy, and FDI policy). Using a data set containing 7,275 announced cross-border acquisition deals in China during 1985-2010, the study finds, when an acquisition activity targets essential industries or a state-owned enterprise, the acquisition attempt is less likely to be completed; when an acquirer brings technology and/or capital, or/and helps to restructure poorly-performing firms, or/and the acquirer comes from a country with good foreign relation s with China, the acquisition activity is considered as safe and helpful, the acquisition attempt is more likely to be completed.
In this article, I describe why that is the case and suggest how organizations and their leaders can make speaking the truth the way business is done around here. The ramifications of ignoring this, of letting dishonesty (or, at best, silence) run
