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In recent decades, emerging market multinational enterprises (EMNEs) have predominantly adopted a big step internationalization strategy to expand their business overseas. This study aims to examine the effect of big step internationalization on the speed of subsequent foreign direct investment (FDI) expansion for EMNEs. The authors also investigate the potential boundary conditions.

The authors use the random effects generalized least squares (GLS) regression following a hierarchical approach to analyze the panel data set conducted by a sample of publicly listed Chinese firms from 2001 to 2012.

The findings indicate that implementing big step internationalization in the initial stages accelerates the speed of subsequent FDI expansion. Notably, the authors find that this effect is more pronounced for firms that opt for acquisitions as the entry mode in their first big step internationalization and possess a board of directors with strong political connections to their home country’s government. In contrast, the board of director’s international experience negatively moderates this effect.

This study provides insights into our scholarly and practical understanding of EMNEs’ big step internationalization and subsequent FDI expansion speed, which offers important implications for firms’ decision-makers and policymakers.

This study extends the internationalization theory, broadens the international business literature on the consequences of big step internationalization and deepens the theoretical and practical understanding of foreign expansion strategies in EMNEs.

This study examines the social acceptance and potential for residential solar integration in Abu Dhabi to support sustainable urban innovation and prosperity. A survey of 216 Abu Dhabi residents analyzed four scenarios for incentivizing household solar panel adoption. Results demonstrate high interest and preference for governmental financial support mechanisms to spur solar integration. This research contributes an assessment framework and citizen engagement insights that could inform smart city development strategies focused on renewable energy transformation across the Gulf region. As urban centers like Abu Dhabi strive to enact their visions for economic diversification and environmental sustainability, understanding citizen perspectives on innovations like distributed solar will be critical to align technology advancement with societal needs and values. The methodology and findings of this Abu Dhabi case study provide a model to catalyze stakeholder buy-in for new energy solutions, with potential applications for other Gulf cities aiming to transition their energy systems and build integrative renewables infrastructure to power next-generation smart development. This solar integration acceptance research lays the groundwork for continued scholarly discourse and policymaker collaboration around smart cities in the Gulf that realize multidimensional progress for society, economy, and environment.

This study aims to explore how manufacturing firms in emerging economies can effectively adjust the rhythm and shift frequency between exploitation and exploration renewal. The authors also examine how these strategic adjustments can significantly boost firm performance, offering insights into the dynamic process of strategic renewal.

This study analyzes annual reports of 127 Indonesian manufacturing firms from 2014 to 2019, applying both linear and curvilinear regression models to examine the hypotheses. Data on exploration and exploitation renewal were meticulously gathered using computer-aided text analysis, using targeted keywords to identify strategic renewal efforts.

The study shows that a rather irregular balance rhythm between exploitation and exploration renewal surprisingly enhances firm performance. A curvilinear relationship emerges as performance peaks when the shift frequency of renewal occurs about three times. This relationship optimizes the strategic renewal processes, emphasizing that firms need to remain agile and adaptable in today’s dynamic market environment.

This study leverages organizational learning to assess how the paradoxical dimensions of exploration and exploitation renewal impact firm performance. By focusing on the temporal transition of these tensions, it provides insights into optimizing the rhythm and shift frequency of renewal, transitioning from a static to a dynamic accord.

The purpose of this study is to examine how informational faultlines on a board affect the management of knowledge owned by directors and the consequences on organizational performance. In this study, informational faultlines are defined as hypothetical lines that divide a group into relatively homogeneous subgroups based on the alignment of several informational attributes among board members.

The study uses unique hand-collected panel data covering 7,247 board members at 106 publicly traded firms to provide strong support for the hypothesized U-shaped relationship. The authors use a fixed effects approach and a system generalized method of moments approach to test the hypothesis.

The study finds that the relationship between informational faultlines on a board and organizational performance is U shaped, with the least optimal organizational performance experienced when boards have moderate informational faultlines. More specifically, informational faultlines within boards are negatively related to organizational performance across the weak-to-moderate range of informational faultlines and positively related to organizational performance across the moderate-to-strong range.

By explaining the mechanisms through which informational faultlines are related to organizational performance, the authors contribute to the literature in a number of ways. By conceptualizing how the management of knowledge plays an important role in the particular setting of corporate boards, the authors add not only to literature on knowledge management but also to the faultline and corporate governance literature.

This study offers a rationale for prior mixed findings by providing an alternative theoretical basis to explain the effect of informational faultlines within boards on organizational performance. To advance the field, the authors build on the concept of knowledge demonstrability to illuminate how informational faultlines affect the management of knowledge within boards, which will translate to organizational performance.

The objective of this paper is to investigate how Industry 4.0 technologies can contribute to solve the problems of managing materials and medicines in the hospital supply chain, identifying opportunities for their adoption, evaluating their potential and impacts on this segment. This paper also plans to investigate the challenges involving change management, financial impacts and major changes in the process with the introduction of new technologies.

The research carried out a literature review using the CAPES Periodicals portal, which includes renowned scientific bases, like Scopus and Web of Science. The intention was to identify problems in the logistics of materials and medicines in hospital pharmacy. In addition, a second search was carried out in papers related to Industry 4.0 and the supply chain. Subsequently, it was listed how Industry 4.0 technologies could influence the management of the hospital supply chain, on materials and medicines.

The new technologies of Industry 4.0 identified in the research can contribute to the improvement of the hospital management supply chain, benefiting from a higher level of automation, control and security presented in the research. Thus, the article addresses a new perspective in the management of materials and medications in hospital pharmacy, adding value to the topic, as new technologies can provide more safety to patients, savings for hospital management, reducing waste and environmental impacts.

The automation of the supply chain, in the materials and medicines segment, in hospital environments, adopting Industry 4.0 techniques, will make it possible to differentiate hospital management, generating great added value, benefiting the entire chain. The combination of technologies such as IoT, BigData and artificial intelligence, applied to the management of materials and medicines, will allow real-time management; consumption and stock estimates; more agile and reliable decision-making process; greater economic efficiency, in addition to contributing to patient safety.

This opening chapter introduces key debates in relation to informality in policymaking, laying the theoretical and conceptual groundwork for the individual empirical chapters, beginning with a provocation for how informality can alternatively be understood. Through illustrating where gaps in understanding within current literature exist for how informality acquires meaning, and the physical and material relevance for how it manifests across contexts, this chapter introduces the three thematic clusters that thread through the book’s chapters: boundaries, knowledge mastery and networks. In doing so, it briefly positions each chapter in relation to these flexible and overlapping categories, drawing attention to how each chapter presents a different understanding of informality. Key to this chapter is our contention that while informality escapes definition, without binary or fixed conceptualisations of this concept we are better able to take in its fluidity and envisage how it is interwoven in everyday policy work and its human and non-human enactment. Underpinning this contention is a key contribution of this work, a proposition for a re-conceptualising of informality and formality as in|formality. Methodologically, this chapter argues that informality is better ‘shown’ than ‘told’ – and that this can be achieved through interpretive and socio-material approaches woven through disciplines that foreground narrative, ethnographic and creative approaches to research.

Drawing on the literature on technological acquisition and the knowledge-based view , this study examines how technological overlap between acquiring and target firms influences acquisition premiums. We further explore how the resulting synergies are contingent on the dynamic characteristics of the target firm, specifically its technology clockspeed and industry munificence. Technology clockspeed indicates the pace of technological evolution, reflecting internal dynamic resources, while industry munificence represents the abundance of external resources. These boundary conditions illustrate the dynamics of synergies, explaining their moderation effects on acquisition premiums.

We analyze a sample of 369 technological acquisitions by publicly traded U.S. firms between 1990 and 2011. To test our hypotheses, we used the ordinary least squares regression model with robust standard errors clustered by acquiring firms. In the robustness checks, we applied the generalized estimating equations to account for non-independent observations in our sample and verified that the results were robust to an alternative two-way clustering approach.

We suggest that a low level of technological overlap between an acquiring firm and its target firm leads the acquiring firm to offer a high acquisition premium because of the expected synergistic potential that evolves from combining two distant technological bases. We further find that this effect is contingent on the target firm's technology clockspeed and industry munificence. Specifically, the negative effect is amplified when target firms exhibit a rapid pace of technological evolution, whereas it is weakened when target firms operate in highly munificent industries characterized by robust growth and abundant resource flows.

This study has several limitations, but it offers opportunities for future research. First, our sample is limited to domestic acquisitions between U.S. publicly traded firms, which may restrict generalizability. Cross-border acquisitions could reveal different dynamics, as technology leakage and national security concerns might make technological overlap a more sensitive factor. Additionally, private firms were not included, and their distinct strategic considerations could provide further insights. Future research could explore post-acquisition data to validate these synergies and expand the scope to include international contexts and private firms for a comprehensive analysis.

Our findings highlight important implications for managers in technology sector acquisitions. This study underscores the need for a thorough evaluation of target firms to avoid misjudging synergies. Low technological overlap can heighten expectations for value creation, making it crucial for executives to accurately assess potential synergies to prevent overestimation. Managers should consider both internal resources and external industry conditions when evaluating synergies. Ultimately, these insights help managers offer informed prices that reflect true strategic synergies, adopting effective valuation practices to mitigate risks of financial overpayments and poor post-merger performance.

The social implications of our findings emphasize the broader impact of acquisition decisions on innovation and competition within the technology sector. By ensuring accurate valuation and avoiding overpayment, companies can allocate resources more efficiently, fostering sustainable growth and innovation. This diligent approach can reduce the risk of corporate failures.

This study makes two key theoretical contributions. First, it identifies technological overlap as a critical determinant of acquisition premiums in technological acquisitions, addressing gaps in the literature that focused on CEO characteristics and managerial attention. Second, it expands the theoretical framework by highlighting the dynamic nature of synergies, influenced by the target firm's technology clockspeed and industry munificence. By integrating both acquiring and target firm characteristics, this study provides a relational perspective on value creation, explaining why firms pay high premiums and offering a more comprehensive understanding of the strategic motivations in technological acquisitions.

Despite the global shift toward smart building features and technologies, the level of awareness among stakeholders in Nigeria’s construction sector remains unclear, limiting engagement with these innovations. This study examines the awareness of smart building features and technologies, providing insights to address knowledge gaps and improve understanding within the sector.

This study adopted the quantitative research approach, using a questionnaire survey to obtain data from construction stakeholders that were purposively selected in Lagos State and Abuja, Nigeria. The collected data were analyzed using various statistical tools such as frequencies, percentiles, mean item scores, standard deviation and the Mann–Whitney U test.

From the result of the analysis, the study concluded that the most cognizant smart building features and technology were security doors, escalators and lifts, solar panels and energy-saving equipment, fire alarms, heating, ventilation, air and conditioning.

This study provides insights into the awareness of smart building features and technologies among Nigerian construction stakeholders, bridging theory and practice. It informs policy development, enhances professional knowledge and promotes educational initiatives. Its findings support sustainable construction efforts, potentially improving societal attitudes and quality of life.

This study uniquely explores the level of awareness of smart building features and technologies among clients and professionals in Nigeria’s construction sector. Identifying existing knowledge gaps provides critical insights that can guide efforts to enhance understanding and foster deeper engagement with these innovations.

The study aims to estimate the short- and long-run effects of monetary policy on residential property prices in South Africa. Over the past decades, there has been a monetary policy shift, from targeting money supply and exchange rate to inflation. The shifts have affected residential property market dynamics.

The Johansen cointegration approach was used to estimate the effects of changes in monetary policy proxies on residential property prices using quarterly data from 1980 to 2022.

Mortgage finance and economic growth have a significant positive long-run effect on residential property prices. The consumer price index, the inflation targeting framework, interest rates and exchange rates have a significant negative long-run effect on residential property prices. The Granger causality test has depicted that exchange rate significantly influences residential property prices in the short run, and interest rates, inflation targeting framework, gross domestic product, money supply consumer price index and exchange rate can quickly return to equilibrium when they are in disequilibrium.

There are limited arguments whether the inflation targeting monetary policy framework in South Africa has prevented residential property market boom and bust scenarios. The study has found that the implementation of inflation targeting framework has successfully reduced booms in residential property prices in South Africa.

Despite the growing attention being paid to the role of uncertainty in the competitive business environment, few studies have considered uncertainty as an antecedent factor and explored its direct impact on accelerating a firm’s innovation speed. This study develops a conceptual framework that examines the impacts of technological uncertainty and market uncertainty on innovation speed, building on complex adaptive theory. Furthermore, it is important to note that the internal resources of a firm and its external environment are not separate entities. In this study, we investigate the moderating role of a firm's internal and external resource ability (financial constraints level and organizational slack level) in the relationship between environmental uncertainty and innovation speed.

Our data sample is the panel data of China's A-share listed companies. The data year span is from 2000 to 2018. We use a hierarchical regression analysis model.

Our results reveal that both technology uncertainty and market uncertainty can promote innovation speed. Still, a firm’s organizational slack positively moderates the relationship between technology uncertainty and innovation speed, and financial constraints negatively moderate the relationship between demand uncertainty and innovation speed.

Our research contributes to the existing literature on uncertainty and extends its research perspective by no longer taking uncertainty as an environmental factor but exploring its direct impact. Still, our research focuses on innovation speed and discusses the impact of environmental uncertainty (including technology uncertainty and demand uncertainty) on firms’ innovation speed, expanding the limitations of previous research, which usually holds a relatively general perspective on innovation problems.