PhD Masterclass Course syllabus

Transcription

1 International Business and Strategy, Henley Business School PhD Masterclass Course syllabus April, 2016 Long Run Developments of International Business Theory by Marina Papanastasiou and Bob Pearce

2 About the course instructors: Marina Papanastasiou is Professor at Middlesex University. Her research outputs and interests include innovation and R&D strategies in multinationals and the network of their overseas subsidiaries and R&D laboratories, growth strategies of multinational corporations, foreign direct investment inward and outward, motives, strategies and policies. Her academic profile can be found here: Bob Pearce is Professor and Sessional Lecturer in the School of Economics at the University of Reading. His areas of interest include Subsidiary level strategy in MNEs; R&D in MNEs; the application of views of MNE Strategy to economic issues (development, structural change, efficiency); the development of the economic theory of the MNE. His academic profile can be found here: Course Objectives The aim of the course is to trace the evolution of economic theorising on the Multinational Enterprise (MNE) and International Business (IB) over the past 60 years and place special emphasis on the analysis of developmental interdependencies between host and home countries and MNEs. Course Overview a) The structure of the course is built around the following three parts: In the first part (sessions 1-2), the course will focus on distinct contribution to the generation of IB theorising; the work of Hymer, Vernon, Buckley and Casson, Dunning, Kojima, Rugman and Verbeke, Bartlett and Ghoshal, Hedlund, and others, arguing that the economic theory of IB sits between economics per se and the understanding of the strategic nature of the MNE. This provides roots for more contemporary analysis of Global Value Chains (GVCs) and other manifestations of intra-group specialization. In the second part (sessions 3-4), emphasis on the strategic nature of the MNE will then be analysed through two dimensions: Firstly, through the nature of the contemporary MNE as a dynamic differentiated network operating through a diverse range of evolving subsidiaries which re-determines the balance of organisation structure and competence generation between headquarters and subsidiaries. Secondly, through the strategic decentralisation of innovation as reflected in Global Innovation Strategies (GIS) and the dynamic interaction between enterprise and location as mirrored in GVCs (session 5). In the third and final part, policy scenarios reflecting Sustainable Development Goals based on the contribution of Lall, and more recent work by Narula and others, regional inequality, Henley Business School, University of Reading 2016 Tuesday, 05 January 2016, Page 2 2

3 etc. will then be developed interlinking IB theory with global economic and societal challenges (sessions 6-8). b) The structure of the module will have the following format: Sessions 1-4 and 5-8 will be devoted to formal lectures. Session 9 and 10 will be devoted to round-table discussions on research projects, relevant to the topics of the module, undertaken by students attending the classes. In order to achieve the maximum efficiency of the round tables, students are asked to send a two- page proposal of their research project (e.g. PhD dissertation outline) to the instructors by the 5 th April Main readings are accessible either electronically or through libraries. In case a student cannot access a particular reference please contact Professor Marina Papanastassiou at: m.papanastasiou@mdx.ac.uk Participants wishing to obtain formal credits will be evaluated on the basis of a 5,000 word critical essay on a topic covered in the course, e.g. critical analysis of Dunning s OLI or the evolution of the MNE, etc. The essay should follow JIBS referencing format. This essay can be submitted at any time up to 1 July 2016, and the assessment process will be completed within one month of submission. Participants who are not formally enrolled on the masterclass are exempt from submitting an assignment. Such participants will receive a certificate of attendance upon course completion. Class Schedule Time Day 1 Day 2 Day Session 1 Session 5 Session Coffee Coffee Coffee Session 2 Session 6 Session LUNCH LUNCH LUNCH Session 3 Session Coffee Coffee Session 4 Session 8 3 Henley Business School, University of Reading 2016 Tuesday, 05 January 2016, Page 3

4 Reading list (where applicable background readings are recommended) Session 1 FDI theories and the economics of the MNE: Beyond the origins I Buckley, P. J., & Casson, M. (2003). The future of the multinational enterprise in retrospect and in prospect. Journal of International Business Studies, Cantwell, J. (1995). The globalisation of technology: what remains of the product cycle model? Cambridge Journal of Economics, 19, Dunning, J. H., & Pitelis, C. N. (2008). Stephen Hymer's contribution to international business scholarship: an assessment and extension. Journal of International Business Studies, 39(1), Papanastassiou, M. (2009) Foreign Direct Investment and Small Countries- An Introduction, Management International Review, 49, 1, Buckley, P.J., Casson, M.C. (1976). London. The Future of the Multinational Enterprise, Macmillan: Vernon, R., (1966). International investment and international trade in the product cycle. Quarterly Journal of Economics, 80(2), ). Hymer, S.H., (1960/76). The International Operations of National Firms: a Study of Direct Foreign Investment, PhD Thesis, MIT Cambridge, MA. Published. MIT Press, Cambridge, Mass. Session 2 FDI theories and the economics of the MNE: Beyond the origins II Dunning, J.H., Lundan, S. (2008). Multinational Enterprises and the Global Economy Second Edition, Edward Elgar: Cheltenham. (chapter 5) Kojima, K. (2000). The flying geese model of Asian economic development: origin, theoretical extensions, and regional policy implications. Journal of Asian Economics, 11(4), Henley Business School, University of Reading 2016 Tuesday, 05 January 2016, Page 4 4

5 Rugman, A.M., Verbeke, A., (2001). Subsidiary specific advantages in multinational enterprises. Strategic Management Journal, 22(3), Ozawa, T. (2003). Pax Americana-led macro-clustering and flying-geese-style catch-up in East Asia: mechanisms of regionalized endogenous growth. Journal of Asian Economics, 13(6), Tang, Y., Pearce, R., (2015). Macro and micro influences in the growth of Chinese multinationals: FSA-CSA framework. Mimeo. Cantwell, J. (1999). From the early internationalization of corporate technology to global technology sourcing. Transnational Corporations, 8(2), Papanastassiou, M. (1999) Production and technology strategies of MNE subsidiaries in Europe, International Business Review, 8, Dunning, J.H. (1977). Trade, location of economic activity and the MNE: a search for an eclectic approach. In: Ohlin, B., Hasselborn, P., Wijkman, P.M. (Eds) The International Allocations of Economic Activity. Macmillan: London. Kojima, K., (1978). Direct Foreign Investment: Operation. Croom Helm: London. a Japanese Model of Multinational Business Rugman, A.M., Verbeke, A., (2009). Location, competitiveness and the multinational enterprise. In: Rugman, A.M. (Ed.). The Oxford Handbook of International Business- Second Edition. Oxford University Press: Oxford. Session 3 Reshaping the MNE network Pearce, R.D. (2006) Globalization and development: an approach, Transnational Corporations, 15,1, international business strategy Papanastassiou, M., & Pearce, R. D. (1999). Multinationals, Technology, and National Competitiveness. Edward Elgar Pub. (chapter 2). Papanastassiou, M., Pearce, R. (2009). The Strategic Development of Multinationals: Subsidiaries and Innovation. Palgrave: London. (chapter 1) Birkinshaw, J.M., Hood, N. (1998). Multinational subsidiary evolution: capability and charter change in foreign-owned subsidiary companies. Academy of Management Review, 23, Cantwell, J., Mudambi, R. (2005). MNE competence-creating subsidiary mandates. Strategic Management Journal, 26(12), Henley Business School, University of Reading 2016 Tuesday, 05 January 2016, Page 5 5

6 Harzing, A. W. (2000). An empirical analysis and extension of the Bartlett and Ghoshal typology of multinational companies. Journal of International Business Studies, Bartlett, C.A., Ghoshal, S., (1989). Managing Across Borders: The Transnational Solution. Hutchinson Business Books: London. Poynter, T.A., Rugman, A.M. (1982). World Product Mandates: how will multinationals respond? Business Quarterly, 47, Hedlund, G., (1986). The hypermodern MNC: a heterarchy? Human Resource Management, 25, Session 4 Global Innovation Strategies of Multinationals: The role of overseas subsidiaries and R&D laboratories Bartlett, C.A., Ghoshal, S., (1986). Tap your subsidiary for global reach. Harvard Business Review, 64, Bartlett, C.A., Ghoshal, S., (1990). Managing innovation in the transnational corporation. In: Bartlett, C.A., Doz, Y., Hedlund, G. (Eds), Managing the Global Firm. Routledge: London. Papanastassiou, M., Pearce, R. (2009). The Strategic Development of Multinationals: Subsidiaries and Innovation. Palgrave: London. (chapter 8) Pearce, R. and Papanastassiou, M. (1999) Overseas R&D and the strategic evolution of MNEs: Evidence from laboratories in the UK, Research Policy, 28, Pearce, R., (1989). The Internationalisation of Research and Development by Multinational Enterprise. Macmillan: London. Ronstadt, R.C., (1977). Research and Development Abroad by US Multinationals. Praeger: New York. Session 5 Linking the MNEs with Global Value Chains (GVCs) Henley Business School, University of Reading 2016 Tuesday, 05 January 2016, Page 6 6

7 Gereffi, G., Humphrey, J., & Sturgeon, T. (2005). The governance of global value chains. Review of International Political Economy, 12(1), Sun, S. L., Peng, M. W., Ren, B., & Yan, D. (2012). A comparative ownership advantage framework for cross-border M&As: The rise of Chinese and Indian MNEs. Journal of World Business, 47(1), Lim, H., & Kimura, F. (2010). The internationalization of small and medium enterprises in regional and global value chains. (papers.ssrn.com) Nadvi, K. (2008). Global standards, global governance and the organization of global value chains. Journal of Economic Geography, 8(3), World Investment Report 2013: Global Value Chains: Investment and Trade for Development, UNCTAD: Geneva. Session 6 IB Theories and Development Challenges Meyer, K. E., Mudambi, R., & Narula, R. (2011). Multinational enterprises and local contexts: the opportunities and challenges of multiple embeddedness. Journal of Management Studies, 48(2), Pearce, R., Zhang, S., (2010). Multinationals strategies for global competitiveness and the sustainability of development in national economies. Asian Business and Management, 9, Ramamurti, R. (2004). Developing countries and MNEs: Extending and enriching the research agenda. Journal of International Business Studies, 35(4), Narula, R., & Dunning, J. H. (2000). Industrial development, globalization and multinational enterprises: new realities for developing countries. Oxford Development Studies, 28(2), Session 7- Sustainable Development Goals: The impact of MNEs Sachs, J. D. (2012). From millennium development goals to sustainable development goals. The Lancet, 379, UNCTAD (2015) Strategic foresight for the post-2015 development agenda: Report of the Secretary-General (E/CN.16/2015/3), UNCTAD: Geneva Henley Business School, University of Reading 2016 Tuesday, 05 January 2016, Page 7 7

8 Rondinelli, D. A., & Berry, M. A. (2000). Environmental citizenship in multinational corporations: social responsibility and sustainable development. European Management Journal, 18(1), Pearce, R. and Papanastassiou, M. (2006) To almost see the world; Hierarchy and strategy in Hymer s view of the Multinational, International Business Review, 15, 2, Lall, S., & Narula, R. (2004). Foreign direct investment and its role in economic development: do we need a new agenda? The European Journal of Development Research, 16(3), Session 8- MNEs and Policy Agendas: Shaping the future Mergos, G. and Papanastassiou, M. (2015) Global Value Chains and Multinational Subsidiaries: Essential Theoretical and Methodological Challenges for a Sustainable Policy Agenda (mimeo) Bournakis, I., Papanastassiou, M. and Pitelis, Ch., (2015) Regional Convergence in the UK: The role of MNCs versus Domestic Firms (mimeo). Narula, R., & Dunning, J. H. (2010). Multinational enterprises, development and globalization: some clarifications and a research agenda. Oxford Development Studies, 38(3), Papanastassiou, M., Pearce, R. (2009). The Strategic Development of Multinationals: Subsidiaries and Innovation. Palgrave: London. (chapter 12) Henley Business School, University of Reading 2016 Tuesday, 05 January 2016, Page 8 8