Creating Value through International Strategy

RUTH AGUILERA Department of Business Administration, College of Business and Institute of Labor and Industrial Relations, University of Illinois, USABRUNO CASSIMANTSUNGTING CHUNG Department of Business Administration, School of Management, National Yunlin University of Science and Technology, TaiwanADRIAN ATILIO CALDART IESE Business School, University of Navarra, Spain ALVARO CUERVO-CAZURRA Assistant Professor, Carlson School of Management, University of Minnesota, USATIMOTHY DEVINNEY Australian Graduate School of Management, Sydney, AustraliaALDEMIR DRUMMONDJOSÉ PAULO ESPERANÇA Instituto Superior de Ciecias do Trabalho e da Empresa, Lisbon, PortugalSHAUL M. GABBAY Graduate School of International Studies, University of Denver, USA CARLOS GARÇIA-PONTMITCHELL KOZA CEDEP and INSEAD, FranceWALTER KUEMMERLE Harvard Business School, USAJOHANNA MAIRJON I. MARTINEZ ESE, Graduate School of Business, Santiago, ChileDAVID MIDGLEY INSEAD, Fontainebleau, FrancePETER OLK Department of Management, Daniels College of Business, University of Denver, USASUBRAMANIAN RANGAN INSEAD, Fontainebleau, FranceJEFFREY J. REUER Kenan-Flagler Business School, University of North Carolina, USAFRANCESCA SAMA-RANDACCIO University of Rome, ItalyPETER SMITH RING Professor of Strategic Management, Loyola Marymount University, Los Angeles, USAPATRICIO DEL SOL Professor, Pontificia Universidad Catolica de Chile, Santiago, ChileSILVIYA SVEJENOVA Cranfield School ofManagement, UKTONY W. TONG Fisher College of Business, The Ohio State University Columbus, USAJOSÉ DE LA TORRE The Chapman Graduate School of Business, Florida International University, Miami, FloridaC. ANNIQUE UN Assistant Professor, Johnson Graduate School of Management, Cornell University, USAGIOVANNI VALENTINISUNIL VENAIK University of Queensland Business School, Brisbane, AustraliaREINHILDE VEUGELERS KULeuven, BelgiumLUIS VIVES IESE Business School, University of Navarra, SpainGEORGE YIP Professor of Strategic and International Management, London Business School, UK

• List of Figures List of Tables Foreword Acknowledgements Notes on Contributors Introduction: International Strategy and Location Specificity; A.Ariño, P.Ghemawat & J.E.Ricart PART 1: CREATING VALUE THROUGH INTERNATIONAL EXPANSION Introduction; J.Mair The Process of International Expansion in Knowledge-Intensive Settings: Research Questions, Theory, and Summary of Findings; W.Kuemmerle Multilatinas: Emerging Multinationals from Latin America; J.I.Martinez, J.P.Esperança & J.de la Torre Corporate Governance and Globalization: Toward an Actor-Centred Institutional Analysis; R.V.Aguilera & G.S.Yip PART 2: SOURCES OF VALUE IN GLOBAL STRATEGY Introduction: C.Garçia-Pont Firm-Specific and Non-Firm-Specific Sources of Advantage In International Competition; A.Cuervo-Cazurra & C.A.Un Chilean Foreign Direct Investment across Latin America: Alliances and Competitive Advance; P.del Sol International Geography and History in Host Market Competitiveness of Foreign MNEs: A Research Agenda; S.Rangan & A.Drummond PART 3: ORGANIZING MNCs FOR VALUE CREATION Introduction; B.Cassiman & G.Valentini Dual Paths to Multinational Subsidiary Performance: Networking to Learning and Autonomy to Innovation; S.Venaik, D.Midgley & T.Devinney Decentralization of R&D and Know-How Flows through MNEs: Some Stylised Facts and Insights from Theory; R.Veugelers & F.Sanna-Randaccio Multinational Investment and Organizational Risk: A Real Options Approach; J.J.Reuer & A.W.Tong PART 4: GLOBAL ALLIANCES AND NETWORKS Introduction; A.Ariño Globalizing Professional Services: Are Networked Organizations an Answer?; P.Smith Ring The Impact of Personal and Organizational Ties on Strategic Alliance Characteristics and Performance: A Study of Alliances in the USA, Israel and Taiwan; P.Olk, S.M.Gabbay & T.Chung PART 5: INTERNATIONALIZATION, COMPLEXITY AND CORPORATE TRANSFORMATION Introduction; J.E.Ricart The Roles of the Corporate Level in the Internationalization Process of the Firm; A.A.Caldart & J.E.RicartWireless Apostles and Global Emperors: Strategies for Domination in a Global Arena; M.Koza, S.Svejenova & L.Vives Index