International Business and Comparative Management
The international business and comparative management (IBCM) research group conducts inter-disciplinary theoretical and empirical research on the nature and extent of international management activities. Members of the group examine international aspects of key management and international business issues such as entry strategies, corporate governance, consumer behaviour and strategy. Their work has attracted numerous grants from bodies such as ESRC and the European Union.
The IBCM group approaches the international dimension to business from a comparative perspective. Researchers explore how differences between countries and regions impact firm and human activities. A shared feature of the research is an interest in how national institutions shape systems and outcomes. One particular aspect of this is how national patterns of corporate governance are similar or different across borders. The research in this area focuses on issues of decision-making among corporate stakeholders. Particular emphasis is placed on how corporate governance is linked to related management issues such as finance, business strategy, the business life cycle, human resource management and the diversity of financial, legal and political institutions across countries. A second aspect of the comparative approach concerns the nature of work across borders, including a focus on how work differs across countries and how work practices are transferred across national borders.
The research into multinational enterprises emphasizes how various elements of firms’ internationalisation strategies (entry-exit, global value chains, mergers / acquisitions, human resource management and the transfer of practices) are shaped by host and home country settings and the socio-political environment. It includes issues such as selecting a market to enter, entry mode and forms of integration across borders. One emphasis is on foreign direct investment choices and how diverse socio-political networks influence access to foreign markets, entrepreneurial opportunities and resources. Another emphasis is on the role of ‘globalizing actors’ in establishing and disseminating new norms across borders within multinationals, for which the group has recently been awarded a large ESRC grant.