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While scholars who study strategy, organizations, and international business have long noted nationalism as an important force in organizations' institutional environment, there has been little research on (1) what impact that nationalism has on organizational performance and strategy, (2) how organizations strategically deploy nationalism to manage their internal and external stakeholders, and (3) what kind of organizations are more likely to demonstrate a high level of nationalism. To address these questions, we propose this symposium composed of four paper presentations and a featured discussion on the topic of nationalism and organizational strategy. Theoretically, these papers argue that nationalism can create both uncertainties for organizations and opportunities for managers to bolster the meaning of their products and the purpose of their organizations. Empirically, these papers adopt a variety of methodology, including the difference-in-difference analysis, the in-depth case analysis, and the machine-learning based text analysis. Finally, these papers are also featured by the diversity of national contexts and study how nationalism affects organizations in the world's major economic powerhouses, including US, China, Japan, and Europe. We expect this symposium to significantly advance the scholarly research on nationalism in organizational strategy. Nationalism, Firm Place Identity, and Firm Value: Evidence from the Catalan Secession Crisis Author: Ariel A. Casarin; U. Adolfo Ibañez Author: Sinziana Dorobantu; NYU Stern School of Business Author: Angel Saz-Carranza; ESADE Business School Unpacking Techno-Nationalism: Evidence from Made In China 2025 and The U.S. Policy Response Author: Jing Li; Simon Fraser U. Author: Daniel Shapiro; Simon Fraser U. Author: Peng Zhang; Beedie School of Business Simon Fraser U. Author: Anastasia Ufimtseva; Asia Pacific Foundation of Canada Firms' Rhetorical Nationalism: Theory, Measurement, and Evidence from a Computational Analysis Author: Lori Qingyuan Yue; Columbia Business School Author: Jiexin Zheng; HKUST Business School Author: Kaixian Mao; Renmin U. of China Nationalism and Corporate Strategy: From Yamaha Pianos to Motorcycles Author: Yusaku Takeda; U. of Illinois at Urbana-Champaign Symposium Discussant Author: Jordan Siegel; U. of Michigan, Ross School of Business [ABSTRACT FROM AUTHOR]

Over the last decade, the backlash against globalization has brought about a renewed wave of nationalism around the world. Yet, despite extensive research on nationalism in history and social sciences, management research has paid little attention to the impact of nationalism on firms. We argue that nationalist movements threaten the stability of institutions governing firms' exchange relations and thus affect firm value and location decisions. Our analysis of increased nationalism in Catalonia, which peaked during the 2017 secession crisis, shows that nationalist political events affected Catalan firms more than other Spanish (non-Catalan) firms, and that firms identified more strongly with Catalonia were affected more severely. We argue that this effect reflects investors' expectations that firms with strong Catalan identity are less likely to make strategic adjustments (such as the relocation of firm headquarters) that mitigate the effects of nationalism, and we show that, indeed, these firms are less likely to relocate their headquarters than their peers are. [ABSTRACT FROM AUTHOR]