Papers by Stefanie Lenway
Current markets vs. future opportunities in the U.S. display business
Journal of International Business Studies, Nov 1, 2004
This issue of JIBS offers reviews of two books that analyse the dynamic interaction between the b... more This issue of JIBS offers reviews of two books that analyse the dynamic interaction between the business environments and business strategies in very different ways. The institutional underpinnings for business strategies are a major research topic for comparative management, aiming to explain why in different contexts firms pursue different strategies, and with different implications for performance. J Peter Murman in 'Knowledge and Competitive Advantage' takes a historical perspective focusing on the co-evolutionary processes between national innovation systems, business strategies, and performance. This books thus adds to the industry-level longitudinal research reviewed in JIBS no. 4/2003, Tom Murtha et al.'s 'Managing New Industry Creation' and David McKendrick et al.'s 'From Silicon Valley to Singapore'. A more contemporary research focus is chosen by Doh and Teegen in 'Globalization and NGOs'. They bring together an esteemed group of scholars to investigate a new phenomenon in the international business arena: non-governmental organizations (NGOs). Multinational enterprises are used to deal with other businesses, or with governmental authorities. The emergence of NGOs acting both nationally and internationally challenges MNEs' established ways of interacting with other organizations because NGOs have different sources of legitimacy, and means of influencing business. Thus, they also challenge the theoretical models developed in international business research.
Journal of Management Studies, May 1, 1993
Governments are able to manipulate economic transactions in order to achieve foreign policy goals... more Governments are able to manipulate economic transactions in order to achieve foreign policy goals. This article addresses the question: can managers of multinational enterprises (MNEs) structure economic transactions in ways that will limit the costs resulting from government intervention? Using a transaction cost framework, the efficiency of alternative structures (exporting, joint ventures, licensing, or wholly owned subsidiaries) for protecting a firm's interests are assessed. We argue that the traditional focus on the dyadic relationship between supplier and buyer misses sources of transaction costs; by conceptualizing economic transactions as embedded in a political context, additional sources of transaction costs are revealed. We examine three cases of home government intervention in US MNE transactions with the Soviet Union. We find that the full range of structural alternatives is affected by government sanctions, although sanctions are imposed on exporting relationships first and removed last. We find that MNEs are, therefore, beginning to insulate international transactions by making their overseas subsidiaries more independent of US technology and supplies with the hope that the US government will be less likely to impose its will extraterritorially by intervening in foreign subsidiaries' private economic transactions.
Strategic Predisposition and Firm Strategy
Proceedings, 1991
The politics of protection, expansion, and escape : international collaboration and business power in U.S. foreign trade policy
University Microfilms International eBooks, 1982
RePEc: Research Papers in Economics, 1991
Academy of Management Journal, Dec 1, 1991
This study extended previous empirical work on corporate political activity by examining corporat... more This study extended previous empirical work on corporate political activity by examining corporate involvement with the U.S. International Trade Commission. Our findings suggest that organizational slack is an important determinant of corporate political strategy and that the presence of a large number of politically inactive firms in an industry does not deter other firms fi-om becoming politically active.
American Political Science Review, Jun 1, 1986
have served as a model and a rallying point. We are still waiting for it"-and it seems the wait w... more have served as a model and a rallying point. We are still waiting for it"-and it seems the wait will be long. All the same, Worsley's openness, combined with a fearless critical spirit, has provided a powerful stimulus for getting the meta-theory of development off to a fresh start.
7. Industry Creation and the New Geography of Innovation: The Case of Flat Panel Displays
Locating Global Advantage, 2003
Cooperative Strategies in International BusinessCooperative Strategies in International Business, by ContractorFarok J. and LorangePeter. Lexington, MA: Lexington Books, 1988, 544 pp., $65.00, cloth
Academy of Management Review, 1989
The Evolving Political Marketplace: Revisiting 60 Years of Theoretical Dominance Through a Review of Corporate Political Activity Scholarship inBusiness & Societyand Major Management Journals
Business & Society
We review articles about corporate political activity (CPA) published in Business & Society since... more We review articles about corporate political activity (CPA) published in Business & Society since its beginnings 60 years ago and in a set of other leading management journals over the past decade. We present evidence that most studies of CPA use the political markets’ perspective. Under the premise that the contemporary political environment has changed significantly since the inception of the political markets’ perspective, our review asks two interconnected questions. First, to what degree have changes in the political environment challenged the ability of the political markets’ perspective to understand the pillars of politics: issues, institutions, interests, and information? Second, to what degree have CPA scholars augmented or diversified their theoretical arguments to accommodate these changes in the political environment? We document the CPA literature across these dimensions and questions and note that many scholars are already adopting other theories side by side with the...
To Lobby or to Petition: The Political Environment of U.S. Trade Policy
Journal of Management, 1990
The identification of an effective political strategy is of particular importance to firms seekin... more The identification of an effective political strategy is of particular importance to firms seeking protection from import competition. The firm's fundamental choice is whether to lobby the Congress or directly petition the International Trade Commission (the primary agency for administering trade protection). In this article we summarize a debate in the political science literature regarding the extent to which federal agencies respond to short-term changes in congressional preferences. Using this literature as a basis, we develop a model to test whether International Trade Commission (ITC) decisions in escape clause cases reflect the preferences of Congress at the time the petition is filed. The results suggest that the ITC acts independently from immediate changes in congressional preferences. We conclude thatfirms seeking protection from import competition would be advised to commit resources to strengthening the evidence in their petition rather than to directly lobbying con...
Stock Price Effects of U.S. Trade Policy Responses to Japanese Trading Practices in Semi-Conductors
The Canadian Journal of Economics, 1997
Over much of the last decade, the United States and Japan have been embroiled in a trade dispute ... more Over much of the last decade, the United States and Japan have been embroiled in a trade dispute over access to Japanese markets for semiconductors and downstream products. This study examines stock price reactions for firms affected by a subset of events commencing with the filing of a Section 301 petition by the U.S. Semiconductor Industry Association alleging unfair practices
Mind Over Matrix: Measuring Individual Potential for Transnational Thought
Academy of Management Proceedings, 1994
We propose and validate psychometric measures of the values that managers place on national respo... more We propose and validate psychometric measures of the values that managers place on national responsiveness, global integration and international coordination.
Le Défi Belge
International Studies of Management and Organization, 2010
Jean Boddewyn has pioneered research on the political dimensions of corporate strategy. Beginning... more Jean Boddewyn has pioneered research on the political dimensions of corporate strategy. Beginning his academic career during a time when research indicated that most firms gave little organizational priority to government relations (Schollhammer 1975), Boddewyn found a rich context for his investigations of market and political strategies in the study of international business and the multinational corporation. We explicate three main positions that Boddewyn has advocated and sought to empirically support in this work: (1) The state can behave as an actor in business affairs; (2) all of a firm's behavior has political dimensions; and (3) effective organization for political action requires legitimacy and internal value infusion. We consider how Boddewyn's scholarly perspectives may have been conditioned by a personal, integrative framing of European social democracy, continental political discourse, and U. S.- style democratic pluralism.
Author: Linden, Greg, graduate student in Economics at the University of California, Berkeley and... more Author: Linden, Greg, graduate student in Economics at the University of California, Berkeley and a Research Associate at BRIE Hart, Jeffrey, Professor of Political Science at Indiana University, Bloomington Lenway, Stefanie, Professor of Strategic Management and ...
The Academy of Management Review, 2004
Most scientific endeavour starts with puzzling empirical observations by scholars observing the w... more Most scientific endeavour starts with puzzling empirical observations by scholars observing the world with open eyes and a critical mind. To investigate new phenomena, qualitative and longitudinal research is the first, often undervalued, stage of investigation. As international business scholars have come to prefer quantitative methods to qualitative methods, it is encouraging to find insightful qualitative work with the potential to stimulate the research in the field. The two books reviewed in this issue have this potential. Both books investigate industry evolution in a specific segment of the IT equipment industry, the manufacturers of respectively flat panel displays and hard disk drives. The books trace the industry from its inception to current maturity, which includes major shifts in the geographic patterns of the industry. Tom Murtha and co-authors in 'Managing New Industry Creation' analyze the development of core competences in the industry, and multiple geographic shifts during the initial entrepreneurial phase of industry development. David McKendrick and colleagues in 'From Silicon Valley to Singapore' focus on geographic shifts from industry birth to maturity, and the interaction between globalization and localization forces. Both books provide novel angles on the dynamics of international business, and the role of geography in corporate and industry evolution. Klaus Meyer JIBS Book Review Editor
Global Knowledge Networks and National Systems of Innovation: Lessons from the United States and the Flat Panel Display Industry
Government agencies ’ capabilities to contribute to innovation creation and commercialization rem... more Government agencies ’ capabilities to contribute to innovation creation and commercialization remains a controversial subject in most developed countries. Many U.S. policy-makers believe that financial support for R&D in early-stage technologies will increase the probability that commercial products will emerge and succeed in markets. Others believe that governments should rarely intervene in markets except in demonstrated cases of market failure. As evidence, they point to competitive failures, market distortions and drains on the public treasury that have resulted from programs of the past, such as U.S. Federal Government support for supersonic transport development. Particularly in the U.S., adherents of this position suggest, innovativeness results from economic flexibility that allows private capital to flow freely toward new ideas, ready labor market adjustment, open exchange of ideas, and the freedom to take risks. Government programs to target particular technologies, partic...
Industry and Innovation, 1998
Global Knowledge Networks and National Systems of Innovation : Lessons from the United States and the Flat Panel Display Industry
Government agencies’ capabilities to contribute to innovation creation and commercialization rema... more Government agencies’ capabilities to contribute to innovation creation and commercialization remains a controversial subject in most developed countries. Many U.S. policy-makers believe that financial support for R&D in early-stage technologies will increase the probability that commercial products will emerge and succeed in markets. Others believe that governments should rarely intervene in markets except in demonstrated cases of market failure. As evidence, they point to competitive failures, market distortions and drains on the public treasury that have resulted from programs of the past, such as U.S. Federal Government support for supersonic transport development. Particularly in the U.S., adherents of this position suggest, innovativeness results from economic flexibility that allows private capital to flow freely toward new ideas, ready labor market adjustment, open exchange of ideas, and the freedom to take risks. Government programs to target particular technologies, particu...
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Papers by Stefanie Lenway