Journal article
The decline of global market leaders
Journal of World Business, Vol.50(1), pp.15-25
2015
Abstract
Integrating capability-based and institution-based views in a multilevel framework, we argue that managerial capability to acquire loans to finance business expansion has an inverted U-shaped relationship with global market leadership. The negative effect on global market leadership of excessive loan-acquiring capability is amplified under business-friendly market institutions that ease access to credit. Managerial capability to utilize resources productively positively moderates the relationship between loan-acquiring capability and global market leadership. The role of resource-utilizing capability is attenuated under business-friendly market institutions that facilitate overinvestment. The study helps explain recent decline of global market leaders in advanced market economies.
Details
- Title
- The decline of global market leaders
- Authors/Creators
- X. Tian (Author/Creator)J.W. Slocum (Author/Creator)
- Publication Details
- Journal of World Business, Vol.50(1), pp.15-25
- Publisher
- Elsevier Inc.
- Identifiers
- 991005544939207891
- Copyright
- © 2014 Elsevier Inc.
- Murdoch Affiliation
- Murdoch University
- Language
- English
- Resource Type
- Journal article
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- Domestic collaboration
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- Citation topics
- 6 Social Sciences
- 6.3 Management
- 6.3.1229 International Business
- Web Of Science research areas
- Business
- ESI research areas
- Economics & Business