Multinational Firms

Informal institutions—society’s unwritten codes of conduct—influence all aspects of international business, but they have received surprisingly little attention in the literature to date. Helping to fill this gap, HKUST’s Jiatao Li and co-researchers build a novel typology and framework for examining neglected aspects of informal institutions, as well as the ... 阅读更多

Dynamic capability refers to an organization’s ability to purposefully create, extend, or modify its resource base. Within this framework, core competencies must be used to modify short-term competitive positions with the aim of building a longer-term competitive advantage. In the context of multinational enterprises (MNEs) that produce or deliver services ... 阅读更多

For multinational enterprises (MNEs), expanding internationally into untapped markets can be costly. Promisingly, however, such expansion also offers opportunities to gain competitive advantages. Such opportunities have been neglected in international business research to date—a gap that HKUST’s Professor Jiatao Li and a colleague set out to fill. Building ... 阅读更多

This paper identifies the causal effect of U.S. multinationals’ technology shocks on their subsidiaries’ and nearby domestic firms’ productivity in China. By combining firm-level data from both the U.S. and China, I match U.S. multinationals with their manufacturing subsidiaries in China and measure the multinationals’ technology shocks to the local firms in ... 阅读更多