Navigating Politically Unstable Environments: A Review of Multinationals’ Internationalization Strategy Research
系统梳理了1990-2021年间95篇顶级期刊文献，将政治环境分为五个层面，识别了五种理论框架，探讨了政治因素如何通过不同机制影响企业的进入模式、区位选择、范围和绩效等国际化战略。
Abstract This study reviews the current state of research on the relations between the political environment and firms’ internationalization strategies (IS). We systematically analyze 95 relevant articles from fifteen top journals in the fields of international business and management over the past 31 years (1990–2021) and develop an integrative framework that discusses the impact of multilevel political factors affecting firms’ IS via diverse theoretical mechanisms. Specifically, we categorize the political environment into five levels: supranational and international, national, sub-national, industry, and firm levels, and identify five main theoretical frameworks: institutional theory, resource-based view (RBV), agency theory, resource dependency theory, and transaction cost economics (TCE). These categories allow us to contextualize the political environment in which four main themes (entry mode, location choice, scope, and performance) related to IS research are explored. Based on this review, we provide a full picture of political impact on firms’ IS and identify the inconsistent findings, research gaps, and debates in the literature, highlighting value-adding avenues for future research.