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Technology transfer in international collaborations is challenging but can bring benefits to both local and foreign‐owned firms in emerging economies. In this paper we focus on conditions for potential technology transfer in emerging economies. We develop a configurational theoretical framework and empirically operationalize it using qualitative comparative analysis. Building on differences in absorptive capacity between these two kinds of firms and relying on data from the construction industry in Ghana, we develop a process model of technology transfer in emerging economies. Our model shows that technology transfer in local and foreign firms can be achieved through different combinations of human resource development and knowledge management, as well as international collaborations and networks. The model also explicates mechanisms leading to potential technology transfer. Based on the findings and the process model, the study makes several contributions to the absorptive capacity and technology transfer literature in emerging economies by shedding light on the underlying processes that foster a firm's ability to absorb technology in international collaborations. [ABSTRACT FROM AUTHOR]

This study examines the reaction of foreign manufacturing corporations in Russia to the strong sanctions imposed by Western countries on Russia in the first months after the outbreak of the Russia–Ukraine military conflict in March 2022. While the majority of Western companies announced different types of changes in their operations in Russia, a significant share of industrial corporations did not publicly announce planned changes in their operations. Notably, less than 17 percent of corporations that opened new factories in Russia between 2012 and 2019 announced self-restrictions of operations or an intention to divest their Russian assets. [ABSTRACT FROM AUTHOR]

This article empirically analyzes the effect of foreign block acquisitions on U.S. target firms' credit risk as measured by their credit default swap (CDS) spreads. Foreign block purchases lead to a greater increase in the target firms' CDS premia post-acquisition compared to domestic block purchases. This effect is stronger when foreign owners are geographically and culturally more distant, and when they obtain majority control. The findings are consistent with an asymmetric information hypothesis, in which foreign owners are less effective monitors due to information barriers. [ABSTRACT FROM AUTHOR]

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AbstractA common assumption in political economy theories of foreign direct investment (FDI) is that capital mobility declines once the multinational corporation (MNC) commits resources to a host site. It follows that the logic governing firm behavior changes after entry – a dynamic that has been too often neglected in the existing literature. I address the matter here, presenting a two-phase theory of FDI. During the ‘partnership initiation’ phase, firm decision-making follows an anticipatory logic; but this switches to an adaptive logic during the ‘partnership maintenance’ phase. I consider how this affects firms’ responsiveness to the host’s macro-political and economic environment, deriving distinct hypotheses that reflect the theorized change in FDI decision-making from one phase to the next. I test these hypotheses against data on FDI positions for more than 20,000 MNCs between 1994 and 2018. The evidence is consistent with the argument. As FDI research moves forward, we need to think not only about firm preferences, but also about firm behavior and how it changes with context. [ABSTRACT FROM AUTHOR]

The debate surrounding China’s public diplomacy in Africa highlights how the state coordinates and leverages Chinese actors, including firms, to advance diplomatic objectives. However, this article questions the notion of unidirectional state dominance by exploring the intricate interactions between the Chinese state and firms around promoting and publicizing corporate social responsibility (CSR), which is conceptualized as a public diplomacy tool of corporations to engage with the foreign public. Using the lens of public diplomacy, the author examines the unconventional state-firm interplay in the symbolic domain, shedding light on practices of China’s expansion in Africa. Through two empirical cases, the author demonstrates the interdependence and collaboration between the Chinese state and firms, revealing their divided interests and contested cooperative efforts to enact public diplomacy in Kenya. [ABSTRACT FROM AUTHOR]

Can prosecutions by US authorities help spread enforcement of foreign bribery laws to other countries? In this article, we explore this question by re-examining earlier scholarship that found that US prosecutions of foreign corporations under the Foreign Corrupt Practices Act (FCPA) increase the likelihood that the corporation's home state will enforce its own foreign bribery laws. Using a conditional-frailty Cox model that allows us to model foreign bribery enforcement actions as repeat-events, we do not find evidence that FCPA prosecutions lead to sustained increases of foreign bribery enforcement by target countries. We also find that prior results are not robust to the inclusion of an important confounding variable: a country's level of exposure to corruption in their trading partners. Still, while our findings indicate a more limited role of US law enforcement in this area, we nonetheless see many promising avenues for future research on transnational law enforcement and its consequences. [ABSTRACT FROM AUTHOR]

The United States Supreme Court recently held in Mallory v. Norfolk Southern Railway Company that an out-of-state corporation unwittingly consented to general personal jurisdiction by registering as a foreign corporation with a Secretary of State 's office. The decision incentivizes states to lean into their self-interests by amending their long-arm statutes to mirror Pennsylvania's law. Justice Alito concurred, arguing that these jurisdictionvia-registration statutes suffer from an entirely different constitutional defect. Citing to cases predating International Shoe Company v. Washington, Justice Alito argues that Pennsylvania's law may violate the Dormant Commerce Clause by either facially discriminating against out-of-state companies or, at the very least, impermissibly interfering with interstate commerce. Justice Alito is correct that these statutes mayfail Pike balancing under certain circumstances. However, his concurrence leaves the door open ibr a corporate defendant to make a jhcial challenge to jurisdiction-viaregistration statutes. Courts should decline to invalidate a state's long-arm jurisdictional statute on its face under the guise of a Dormant Commerce Clause violation. Instead, this Article, in line with other scholars who addressed this issue pre-Mallory, urges courts to rely on the Pike balancing test to settle fringe instances of forum shopping. [ABSTRACT FROM AUTHOR]

The article focuses on the Supreme Court's decision in Moore v. United States, which upheld the constitutionality of the 2017 Mandatory Repatriation Tax (MRT). It affirmed that the MRT, which taxes realized income of foreign corporations attributable to U.S. shareholders, is within Congress's authority and does not breach constitutional limits.

Copyright of FinanzRundschau is the property of De Gruyter and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)