Awarded by: Academy of Management
Prof J T Li has been honored for co-authoring the best research paper in international management at the annual meeting of the Academy of Management this year.
Prof Li, who is Associate Dean and Head of Management, won the IM Division Fundação Dom Cabral Best Paper in Strategy / IB Theory from Academy of Management award for the paper, "Confidence in learning from others' failures: Foreign investment strategy in a transition economy." His co-authors were J Y Yang and Andrew Delios.
The Academy represents more than 10,000 management scholars so the award was welcome recognition from a community of peers.
"It is truly a great honor to be recognized with a very prestigious award," Prof Li said. "The award reflects the growing importance of research on emerging and transition economies and the impact on the business world."
The paper looks at the entry of multinational firms into China from 1979 to 2000 and how this was affected by observing other firms' failures. The researchers found that a multinational firm was unlikely to enter China when failures by their peers occurred more recently, had a longer duration in the market, and had been invested by more experienced firms. These effects became weaker when the causes of failure were perceived as ambiguous or transient.