The decline of global market leaders
Tian, X. and Slocum, J.W. (2015) The decline of global market leaders. Journal of World Business, 50 (1). pp. 15-25.
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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.
Item Type: | Journal Article |
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Publisher: | Elsevier Inc. |
Copyright: | © 2014 Elsevier Inc. |
URI: | http://researchrepository.murdoch.edu.au/id/eprint/31834 |
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