Dear friends and colleagues,
At Global Strategy Journal, we have a call for papers for a special issue on ownership and global strategy. To accommodate requests for extension and in the spirit of fairness we have extended the deadline to July 11, 2022. The full call for papers appears here https://onlinelibrary.wiley.com/pb-assets/OwnershipGlobalStrategy_SI_GSJ_210822-1630678705.pdf. Below you can find a summary.
We look forward to receiving your manuscripts!
Ownership and Global Strategy Submission deadline (extended): July 11, 2022
Geoffrey T. Wood, Western University, Canada
Anna Grosman, Loughborough University London, UK
Michael J. Mol, Copenhagen Business School, Denmark & University of Birmingham, UK
Alvaro Cuervo-Cazurra, Northeastern University, USA
Background and Purpose
Who owns the firm (local or foreign shareholders, governments or private investors, concentrated or diffused shareholders, traditional or alternative investors) has long been an essential topic for research on organizations. At the same time, our conceptualization of ownership has widened over time to incorporate owners as strategists (most prominently in the case of entrepreneurial financiers), sources of capital (as in the case of large joint-stock companies), and mechanisms of control (direct or via institutional intermediaries). The linkages and tensions amongst these conceptual foundations (for instance, the tension between ownership, ownership structures, and control) have been the focus of a large literature in global strategy. At the same time, this diversity in conceptual foundations provides numerous opportunities for advancing our understanding of the role of ownership in global strategy. This is the objective of this special issue: analyzing how ownership affects global strategy and, by extension, how strategies are employed to accommodate owners.
Although not an exhaustive list, we would particularly welcome papers that have a scope that goes beyond national boundaries and look at questions such as those listed below.
Owners as strategists:
- International private equity:
- When does private equity invest abroad, and how does this change depending on home and host country characteristics?
- Do private equity investments differ across countries in terms of their effects on firm strategies and outcomes?
- Sovereign wealth funds:
- To what extent and how do strategies and organizational practices pursued by sovereign wealth funds diffuse to their investee firms?
- How do board members from sovereign wealth funds alter the organizational and corporate governance processes of their investee firms?
- What is the effect on strategies and organizational practices of the degree of government influence on foreign portfolio firms? For instance, on portfolio investments by sovereign wealth funds?
- International venture capital:
- When and why do venture capital investors make international investments?
- What are the valuation and performance differentials between home and cross-border investments?
- International crowdfunding:
- What is the likelihood of crowdfunding being international rather than domestic?
- What agendas do crowdfunders seek when they venture further afield?
- How do property rights and control change as crowdfunding becomes international?
- International hedge funds:
- What is the effect of hedge fund activism on managerial behavior in investee firms?
- How do hedge funds impact the management of the overseas firms they invest in?
- What is the impact of the increased usage of high-frequency trading by international hedge funds in different national systems on target firm policies and practices?
- What is the impact of co-investment by hedge funds and other alternative investors on investee firms?
- What are emerging regulatory responses, perhaps as a form of financial protectionism, to alternative and institutional investors at the national and supranational levels, and how do these affect investors and investees?
- Why do firms acquire strategic assets across borders in a portfolio manner (as opposed to direct ownership)? What are the implications for ownership and control, and how does this affect strategy in investee firms?
- What is the effect of country of origin on corporate control by institutional investors from abroad?
- How do United Nations' sustainable development goals reshape the investment strategy of international investors?
Firms accommodating ownership:
- Across the various types of international investors, how do investor characteristics (size, investment horizons, risk-taking, government involvement, degree of activism, and so on) affect the strategic decision-making of managers in firms they invest in?
- What determines whether firms attract investment from different types of international investors and how do managerial behaviors affect the likelihood of such investments?
- What is the effect of foreign institutional ownership (e.g., venture capital, private equity, hedge funds, crowdfunding) on firm strategy in family or entrepreneurial firms?
- What legal and organizational structures across institutional settings are put in place to optimize the property rights of institutional and alternative investors?
- What is the causality and sequence in the relationship between investor decisions and firm strategies? How do these two types of actors interact?
Professor, International Business and Strategy, Northeastern University
Co-editor, Global Strategy Journala.firstname.lastname@example.org