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Distance in International Business: Concept, Cost and Value

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PROGRESS IN INTERNATIONAL BUSINESS RESEARCH

Series Editors: The European International Business Academy (EIBA)

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PROGRESS IN INTERNATIONAL BUSINESS RESEARCH VOLUME 12

DISTANCE IN INTERNATIONAL BUSINESS: CONCEPT, COST AND VALUE

EDITED BY

ALAIN VERBEKE

Haskayne School of Business, University of Calgary, Alberta, Canada; and Henley Business School, University of Reading, UK; and Solvay Business School, University of Brussels (VUB), Belgium

JONAS PUCK

WU Vienna, Vienna, Austria

ROB VAN TULDER

Erasmus University Rotterdam, Rotterdam, The Netherlands

United Kingdom – North America – Japan India – Malaysia – China

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Emerald Publishing Limited

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First edition 2018

Copyright © 2018 Emerald Publishing Limited

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British Library Cataloguing in Publication Data

A catalogue record for this book is available from the British Library

ISBN: 978-1-78743-719-7 (Print)

ISBN: 978-1-78743-718-0 (Online)

ISBN: 978-1-78743-841-5 (Epub)

ISSN: 1745-8862 (Series)

Contents

List of Contributors

About the Editors

Dr. Alain Verbeke is a Professor of International Business Strategy and holds the McCaig Research Chair in Management at the Haskayne School of Business, University of Calgary. He is also the Research Director of the Strategy and Organization Area at the Haskayne School of Business. In 2014, Dr. Verbeke was elected as the Inaugural Alan M. Rugman Memorial Fellow at the Henley Business School, University of Reading (UK). He is the Editor-in-Chief of the Journal of International Business Studies (2017–2019).

Earlier in his career, Dr. Verbeke served as the Director of the MBA programme, Solvay Business School, University of Brussels (VUB), where he remains an adjunct professor. He has been a Visiting Professor at Dalhousie University, the University of Toronto and the Universite Catholique de Louvain, as well as an Associate Fellow of Templeton College (University of Oxford). He has also been an Academic Associate of the Centre for International Business and management, Judge Business School (University of Cambridge) and was associated with Skolkovo Institute for Emerging Market Studies (SIEMS), as an affiliated researcher. In June 2016, he was appointed as a Non-Resident Fellow with the Center for Emerging Market Studies, China Europe International Business School (CEIBS), Shanghai, China. Dr. Verbeke is an elected Fellow of the Academy of International Business, and has served as Secretary and Treasurer of the Fellows.

Dr. Verbeke has been a member of the European Science and Technology Assembly (ESTA), the highest advisory body to the European Commission on the future of European scientific and innovation policy and has served on the board of directors of various educational and scientific research institutions. He is a leading thinker on complex project evaluation, the strategic management of multinational networks, as well as the governance and restructuring of complex organizations.

In the consulting sphere, Dr. Verbeke has personally directed over 100 strategic management projects, most of these with a focus on the interface between large-scale investment programmes and governance challenges. His academic research agenda consists of revisiting, rethinking and augmenting the core paradigms in strategic management and international business, especially internalization theory, which is a joint transaction cost economics and resource-based view of the firm, focused on the governance of new resource combinations. He has particular expertise in the management of headquarters – subsidiary relationships and broader governance challenges in large multinational enterprises.

Dr. Verbeke has authored or edited more than 30 books and more than 200 refereed publications, including many articles in leading scholarly journals such as the Journal of International Business Studies, the Strategic Management Journal and the Journal of Management Studies.

Jonas Puck is Head of the Institute for International Business and Full Professor at the WU Vienna University of Economics and Business. He has held visiting positions at the University of Southern California, USA; the University of New South Wales, Australia; Tsinghua University, China; and the Bradford University School of Management, UK. He earned a Dipl.-Kfm., a PhD in International Management and a postdoctoral qualification (Habilitation) from Nuremberg University.

Jonas is an experienced teacher and consultant and has provided consulting solutions, research expertise, or executive education for numerous firms and institutions, including ABB, AT Kearney, BMW, BP, Coca Cola Hellenic, L’Oreal, OPEC, OMV, Siemens, Shell, and UNIDO. He has received awards for outstanding teaching as well as outstanding research, e.g., the CEMS Best International Business Project Award 2015, EIBA Fellows Research Award 2008, Ludwig Erhard Award 2008, Schoeller Fellow Award 2009, Festo Fellow Award 2010, and Best Paper/Best Reviewer Awards from a large number of journals and conferences.

His current research interests are at the intersection of global strategy, finance, and political science. Jonas serves on the Editorial Boards of the Journal of International Business Studies, Long Range Planning, European Management Journal, Journal of World Business and the Multinational Business Review. His research has been published in journals such as the Journal of International Business Studies, Journal of Management Studies, Journal of World Business, Long Range Planning, Management International Review, and Human Resource Management (US), among others. In addition, he is editor or author of six books and numerous book chapters.

Rob van Tulder is Full Professor of International Business-Society management at the Rotterdam School of Management/Erasmus University Rotterdam. He has been a visiting professor at a number of universities and a consultant to international organisations (such as the United Nations, the International Monetary Fund and the European ministries around the world. He is co-founder of the Department of Business-Society Management, one of the leading departments in the world studying and teaching about the contribution of business and society. He founded the SCOPE databank project, which in collaboration with UNCTAD complies the listings of the world’s largest multinational enterprises from developed and developing countries (www.scope.nl). Dr. van Tulder is founder and academic director of the Partnerships Resource Centre (www.partnerships-resourcecentre.org), which studies the cross-sector partnerships between firms, NGOs and government for sustainable development. The Resource Centre itself is organised as a partnership among business schools, multinational enterprises, governments and NGOs. Over the past 25 years, Dr. van Tulder has published in particular across disciplinary boundaries (development, international business, political science, international relations, economics and innovation) on following topics: internationalization motives, European and global business, high-tech industries, corporate social responsibility, sustainability, codes of conduct, reputation management, skills, network strategies, cross-sector partnership strategies, smaller industrial countries (welfare states) and European Community/Union policies. His latest book publications include, inter alia: Managing the Transition to a Sustainable Enterprise (Routledge/Earthscan, 2014); Doing Business in Africa (2013, NABC); Corporate Responsibilities in Turbulent Times, Beijing (2010, 2012, China Economic Publishing House (in Chinese); Skill Sheets: An Integrated Approach to Research, Study and Management (Pearson International, 2012) (www.skillsheet.com). For more information, see: www.ib-sm.org. Forthcoming books include volumes on ‘Business Models for the future’, ‘Global Business’ (second edition of the widely heralded, 2006 book ‘International Business-Society Management’) and ‘Wicked Problems’.