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Disasters and international business: Insights and recommendations from a systematic review

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  • Nielsen, Bo Bernhard
  • Wechtler, Heidi
  • Zheng, Linglin (Gloria)

Abstract

Disasters – natural or manmade – are on the rise with far-reaching implications for international business (IB) actors and transactions. While the Covid-19 pandemic has generated much academic interest for its impact on business in general, little effort has been made to consolidate the fragmented research on disasters more broadly in the field of international business. Therefore, it is important and urgent to consolidate the existing knowledge to provide a solid basis for future research. We systematically review 132 articles published between 1991 and 2022 and critically evaluate the nascent but rapidly growing literature at the intersection of disasters and IB. Our examination of the different types of disasters (natural and manmade) shows two separate streams: (1) a dominant MNE-centric stream of strategic IB research which regards disaster as an exogenous shock impacting MNE strategies, responses, and resilience, and (2) an emergent stream which places disaster as a more central, embedded phenomenon of investigation impacted by MNEs and other global actors. Our systematic review highlights the gaps in this literature and concludes with a discussion of the intersection of IB-disasters in relation to the 17 United Nations' Sustainable Development Goals (SDGs) to suggest directions for future research.

Suggested Citation

  • Nielsen, Bo Bernhard & Wechtler, Heidi & Zheng, Linglin (Gloria), 2023. "Disasters and international business: Insights and recommendations from a systematic review," Journal of World Business, Elsevier, vol. 58(4).
    • Handle: RePEc:eee:worbus:v:58:y:2023:i:4:s1090951623000330
    DOI: 10.1016/j.jwb.2023.101458
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    Cited by:

    1. Anthony Goerzen & Christian Geisler Asmussen & Bo Bernhard Nielsen, 2024. "Global cities, the liability of foreignness, and theory on place and space in international business," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 55(1), pages 10-27, February.
    2. Chun, Wootae & Wang, Zhan & Gon Kim, Hyun, 2024. "Do environmental regulations drive MNEs’ equity ownership? Considering the impact of exogenous shocks on MNEs’ cross-border acquisitions," Journal of Business Research, Elsevier, vol. 174(C).
    3. Buyukbalci, Pinar & Sanguineti, Francesca & Sacco, Federica, 2024. "Rejuvenating business models via startup collaborations: Evidence from the Turkish context," Journal of Business Research, Elsevier, vol. 174(C).
    4. Chang Liu & Lorraine Eden & Dan Li, 2024. "Violent conflict and multinational enterprises: identifying key frontiers in international business policy research," Journal of International Business Policy, Palgrave Macmillan, vol. 7(3), pages 260-275, September.
    5. Zheng, Linglin (Gloria) & Wechtler, Heidi M. & Heyden, Mariano L.M. & Bouncken, Ricarda B., 2024. "Global disasters and the luck of the draw? A serendipity perspective on MNE responses to global disasters," Journal of International Management, Elsevier, vol. 30(1).
    6. Shkoda Mariana & Marova Svitlana & Gorobets Nataliia & Tokuieva Nataliia & Zvonovskyi Ruslan & Babaiev Valerii & Tereshchenko Svitlana, 2023. "Technological Management of Cluster Innovations in the Education System, Personnel Development and Logistics in Realising the Potential in Post-War Renewal," Management Theory and Studies for Rural Business and Infrastructure Development, Sciendo, vol. 45(4), pages 364-378, December.

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