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Belt and Road Initiative, globalization and institutional changes: implications for firms in Asia

Author

Listed:
  • Jiatao Li

    (Hong Kong University of Science and Technology)

  • Gongming Qian

    (Southern University of Science and Technology)

  • Kevin Zheng Zhou

    (University of Hong Kong)

  • Jane Lu

    (City University of Hong Kong)

  • Bin Liu

    (Xiamen University)

Abstract

Research on Belt and Road Initiative (BRI) is rising but far from complete. This special issue (SI) aims to enhance our understanding of how firms in Asia and beyond strategically respond to the BRI and what new theories and investigations are needed to better elucidate this new environment. In this editorial, we present a brief description of BRI, a review of related studies in the international business (IB) domain, a summary of the articles included in the SI and their contributions to the study of BRI, and an agenda for future research. We suggest that more attention should be given to examination of organizational heterogeneity under the BRI theme. In particular, there exists a variety of players like the governments of the host countries, non-government institutions, firms with different ownership structures, managers with different backgrounds, and their idiosyncratic characteristics should be incorporated in BRI studies. Moreover, future studies should find fine-grained ways to theorize and operationalize the policy effects of BRI. We call for further investigation of the consequences of BRI, including but not limiting to different aspects of IB activities, innovation, entrepreneurship, and corporate social responsibility.

Suggested Citation

  • Jiatao Li & Gongming Qian & Kevin Zheng Zhou & Jane Lu & Bin Liu, 2022. "Belt and Road Initiative, globalization and institutional changes: implications for firms in Asia," Asia Pacific Journal of Management, Springer, vol. 39(3), pages 843-856, September.
    • Handle: RePEc:kap:asiapa:v:39:y:2022:i:3:d:10.1007_s10490-021-09770-0
    DOI: 10.1007/s10490-021-09770-0
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    References listed on IDEAS

    as
    1. Du, Julan & Zhang, Yifei, 2018. "Does One Belt One Road initiative promote Chinese overseas direct investment?," China Economic Review, Elsevier, vol. 47(C), pages 189-205.
    2. Mike W Peng & Denis Y L Wang & Yi Jiang, 2008. "An institution-based view of international business strategy: a focus on emerging economies," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 39(5), pages 920-936, July.
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    9. Jiatao Li & J. Richard Harrison, 2008. "National Culture and the Composition and Leadership Structure of Boards of Directors," Corporate Governance: An International Review, Wiley Blackwell, vol. 16(5), pages 375-385, September.
    10. Jiatao Li & Deborah R. Yue, 2008. "Market Size, Legal Institutions, and International Diversification Strategies: Implications for the Performance of Multinational Firms," Management International Review, Springer, vol. 48(6), pages 667-688, December.
    11. Shameen Prashantham & Mariya Eranova & Carole Couper, 2018. "Globalization, entrepreneurship and paradox thinking," Asia Pacific Journal of Management, Springer, vol. 35(1), pages 1-9, March.
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    13. Li, Jiatao & Liu, Bin & Qian, Gongming, 2019. "The belt and road initiative, cultural friction and ethnicity: Their effects on the export performance of SMEs in China," Journal of World Business, Elsevier, vol. 54(4), pages 350-359.
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    Cited by:

    1. Yueqi Wang & Shouming Chen & Peien Chen, 2024. "CEO political connections and OFDI of Chinese firms under the Belt and Road Initiative," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-14, December.

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