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dc.contributor.authorKlein, Florian
dc.contributor.authorPuck, Jonas F.
dc.contributor.authorWeiss, Martin
dc.contributor.editorvan Tulder, Rob
dc.contributor.editorJankowska, Barbara
dc.contributor.editorVerbeke, Alain
dc.date.accessioned2019-10-09T13:55:01Z
dc.date.available2019-10-09T13:55:01Z
dc.date.issued2019en_US
dc.identifier.isbn9781838672560
dc.identifier.issn1745-8862
dc.identifier.doi10.1108/S1745-886220190000014011
dc.identifier.urihttp://hdl.handle.net/20.500.12127/6393
dc.description.abstractThe macroenvironment constitutes a widely acknowledged source of firms’risk in international business. A substantial body of research on macroenvironmental risks encapsulates a variety of measurement approaches, antecedents,and managerial consequences. However, a review of established macroenvironmental risk measures reveals that these measures strongly focus on the quality of the macroenvironment, assuming a rather static perspective and mainly excluding dynamic aspects. Building on prior research on macroenvironmental risk as well as on environmental dynamism, we argue that macroenvironmental dynamism – i.e. the frequency, intensity, and predictability of macroenvironmental variation – is a pivotal source of risk in international business, which so far only received limited attention. Moreover, we suggest that macroenvironmental dynamism influences firms’ risk management activities, a measure we use to empirically investigate firm implications of macroenvironmental dynamism. We explore this effect using primary survey data on risk management activities from 158 foreign subsidiaries in six emerging countries and secondary data on the macroeconomic context in these countries. We find evidence that macroenvironmental dynamism, if compared to macroenvironmental quality, exerts a strong influence on firms’ risk management activities. Our findings enhance the understanding of the dynamic nature of macroenvironmental risk in international business as well as provide a concept to more comprehensively measure macroenvironmental dynamism that future research can build upon.en_US
dc.language.isoenen_US
dc.publisherEmerald Publishing Limiteden_US
dc.subjectMacroenvironmental Risken_US
dc.subjectMacroenvironmental Dynamismen_US
dc.subjectVolatilityen_US
dc.subjectRisk in International Businessen_US
dc.subjectEmerging Marketsen_US
dc.subjectRisk Managementen_US
dc.titleMacroenvironmental dynamism and firm risk management - An exploratory investigationen_US
dc.title.alternativeInternational Business in a VUCA World: The changing role of states and firmsen_US
dc.source.beginpage173en_US
dc.source.endpage197en_US
dc.source.numberofpages620en_US
dc.contributor.departmentErasmus University, The Netherlandsen_US
dc.contributor.departmentUniversity of Calgary, Canadaen_US
dc.contributor.departmentPoznan University of Economics and Business, Polanden_US
vlerick.knowledgedomainEntrepreneurshipen_US
vlerick.knowledgedomainStrategyen_US
vlerick.typebookBook Chapteren_US
vlerick.vlerickdepartmentEGSen_US
dc.identifier.vperid163047en_US


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