Multinational Corporations Research Articles

In India, most principal investigators have run very few trials over the years.

In the past, clinical trials run in India have been the subject of criticism. Among other steps to improve the trial ecosystem, for some time the government limited the number of trials that a Principal Investigator (PI) could run to three at a time. We were interested to know how many trials PIs in India tend to run at a time. We accessed the 52,149 trial records hosted by the Clinical Trials Registry-India in April 2023. Of these, we shortlisted trials that had run in India, were interventional, and involved certain interventions such as drug, biological etc. We used multiple parameters, such as email ID, phone number etc. to determine whether one name always represented the same PI and whether two names corresponded to the same PI. We then determined how many trials each PI had run. We found that 3,916 unique PI names were associated with 6,665 trials. Of these, 2,963 (75.7%) PIs had run a single study. Only 251 (6.4%) had run more than three trials. A mere 14 PIs had run 20 or more trials. The 14 PIs were affiliated with local pharma companies (6), local or global contract research organizations (4), multinational pharma companies (3) and the Central Council for Research in Homeopathy (1). The maximum number of trials run by a single PI was 108. Of these, the largest number run in a single year, 2022, was 53. Each PI name needs to be connected to a unique ID that does not change with time, so that it is easier to track the number of trials that a given PI has run. The number of studies run by a given PI at a given time must not be excessive and needs to be monitored more actively. The government needs to consider whether a cap on the number of trials that a PI runs at a time is required and what infrastructure needs to be in place to facilitate higher numbers of trials. Trial registry records need to be updated more regularly. Other countries may wish to do likewise.

The Growth Model of the Automotive Industry in Türkiye: An Input-Output Analysis via the Hypothetical Extraction Method

Purpose: The objective of this research was to ascertain if the portion of the automotive industry that engages in non-tradable goods or export goods is the principal driving force behind the industry's expansion. The purpose of this paper is to fill the gap by focusing on the automotive industry as its principal area of investigation. Methodology: Productivity growth in the automotive industry was estimated utilizing an innovative hypothetical extraction method (HEM) for both the non-tradable goods sector and the export goods sector. Following that, the weighted multipliers approach is employed to allocate the productivity across the non-tradable goods and export goods of the automotive industry. Findings: The findings indicate that the automotive industry maintains a strategy of development driven by exports. Production targeted for the domestic market is subject to significant limitations. Multinational automobile corporations tend to employ the strategy of exporting. The growth model of the automotive industry is significantly influenced by various institutional elements, including the Customs Union, taxes, and vertical integration. Originality: Although the automotive industry is an essential industry for exports, its growth model has not been comprehensively scrutinized. This study primarily focuses on investigating the growth model of the Turkish automotive industry and the institutional factors that influenced its strategic decisions.

Global trends in tourism development in the era of globalization

Globalization, characterized by the growing mobility of capital, people, ideas and information on a global scale, has become an urgent topic in the modern world. It is obvious that tourism and related economic activities are not protected from such a broad context of the global economy. Over the past decade or two, there has been a steady increase in international tourist flows, interregional and inter-organizational alliances, as well as foreign direct investment. These trends are especially prevalent in developing countries, mainly due to their pristine nature, diverse culture, inexpensive goods and services, cheap labor and other resources. However, some scientists warn that tourism is an industry run by richer, more powerful countries and their respective multinational corporations. The article presents a detailed study of the essential nature of the category "tourism" from the point of view of economic and social activities. It is proved that the basis of tourism as a multidimensional economic and social category is determined by two groups of principles: fundamental and desirable. It is concluded that tourism, as an important component of the modern world economy, inevitably becomes involved in the process of globalization. New opportunities for exotic travel are opening up for tourists, offering authenticity and uniqueness, and this in turn forces the tourism industry to look for new alternatives to classic tourism.

Trade War Between US and China

This paper examines the US-China trade war (2018-2019) and its multifaceted impact on globalization. It explores the causes of the conflict, including China's alleged unfair trade practices and the US trade deficit. The research analyzes the war's consequences on both nations, encompassing economic disruptions, job losses, and agricultural decline. Additionally, the paper investigates the impact on other countries, with some benefiting from trade diversion while others facing economic strain. Finally, the involvement of US multinational corporations (MNCs) is explored, considering their potential support for some trade war goals while opposing increased tariffs that burden their operations. Keywords: US-China Trade War, Globalization, Trade Tariffs, Unfair Trade Practices, Trade Deficit, Economic Disruptions, Job Losses, Agricultural Decline, Trade Diversion, Multinational Corporations (MNCs)

Does corporate internationalization affect analysts’ earnings forecast bias? Evidence from China

Using manually collected firm-level data on foreign subsidiaries, we examine the impact of internationalization on analysts’ earnings forecast bias in Chinese corporations. We find that analysts’ earnings forecast bias is stronger among multinational firms when compared with domestic firms, and the higher the level of internationalization, the greater the bias in analysts’ earnings forecasts. Various methods, such as the Heckman two-stage least squares, propensity score matching, and difference in difference tests, are employed to ensure the robustness of our results. The mechanism analysis indicates that oversea business complexity, information asymmetry and analysts’ experience are critical factors that moderate the relationship between international diversification and forecast bias. These findings have important implications for multinational corporations, analysts, and investors.

Ordering blockchain technology for multinational companies based on Yager aggregation operators under bipolar fuzzy information

Ordering blockchain technology for multinational companies based on Yager aggregation operators under bipolar fuzzy information

Contextualization of Inclusion: Evidence from MNC Subsidiaries in Emerging Economies

Contextualization of Inclusion: Evidence from MNC Subsidiaries in Emerging Economies

General Manager Turnover in MNC Subsidiaries: The Roles of Board Heterogeneity and CEO Network Size

General Manager Turnover in MNC Subsidiaries: The Roles of Board Heterogeneity and CEO Network Size

Multinational Corporations and Their Corporate Citizenships: Exploring Their Effects on Corporate Performance Under Different Legal Traditions

ABSTRACTIn this paper, we focus on the conceptualization of corporate citizenship and examine the effects of its tangible manifestation, in the form of corporate philanthropy, on company performance recognizing the importance of the institutional contexts where companies are embedded. Based on a sample of 752 multinational companies that have joined the UN Global Compact, we explore the derived benefits, using as a moderator the legal environment where companies operate. The results of the random‐effect regression analysis show the existence of a positive relationship between corporate citizenship and corporate market valuation over the study period (2016–2022). Findings on corporate citizenship are consistent with previous studies, and the role of the legal tradition emerges as a salient avenue for future investigation. Companies that highly leverage the philanthropic dimension of corporate citizenship and are primarily embedded in a common‐law tradition benefit more than those operating in a civil‐law system.

Behavioural Theory of Corporate Governance in Multi-National Corporations

Behavioural Theory of Corporate Governance in Multi-National Corporations

Rivalry Between Multinational Corporations in Corporate Social Responsibility

Rivalry Between Multinational Corporations in Corporate Social Responsibility

Design and implementation of a mechatronic system for monitoring worker exposure in cold storage facilities

In response to the increasing need for enhanced occupational safety in cold storage facilities, this study presents the design and validation of a mechatronic time control device specifically developed for monitoring the exposure times of warehouse operators in a multinational company. Over the past two decades, Ecuador has significantly increased regulations to safeguard worker health and safety. In compliance with these regulations, this research addresses the challenges operators face when exposed to sub-zero temperatures during their work shifts. The proposed system integrates mechanical, electronic, and control components to systematically track and manage operators' time within cold rooms, ensuring compliance with predefined safety thresholds. A NodeMCU microcontroller, digital temperature sensors, and a robust communication interface form the device's core. This device records entry and exit times, monitors ambient conditions, and triggers alerts when exposure limits are approached. Extensive validation was conducted using a 3D-printed resin prototype, demonstrating the device's capability to function effectively in harsh environments. The system's efficacy was evaluated through real-world testing, where operators used the prototype during their shifts. Data collected confirmed the device's reliability in tracking exposure times and enhancing worker safety.

Suddenly 50: the aging workforce and its relationship with the company

Purpose This paper aims to discuss the findings of a study to identify the characteristics of organizations that implement policies and practices to attract and retain older workers. Design/methodology/approach This exploratory and descriptive research adopts a quantitative approach. The data analyzed were gathered from the database compiled during the 2020 edition of the “FIA – Employee Experience” survey. Notably, it identified the top 100 companies prioritizing investment in human resources policies and practices, awarding the “Amazing Places to Work” prize to those demonstrating the highest indices. Findings The findings highlight the proactive stance of both national and multinational companies, typically falling within the medium to large size category, in implementing strategies to attract and retain an aging workforce. These companies predominantly employ individuals with high school education and undertake affirmative action, targeting at least four other minority groups alongside older workers. Practical implications The insights provided in this article regarding the strategies and initiatives implemented to attract and retain older workers can empower other interested companies to enhance their preparedness in addressing the demographic shift toward an aging Brazilian workforce. Originality/value The analysis of the findings contributes to advancing understanding of the relationship between organizations and older workers, an area that remains underexplored in Brazil and worldwide. Furthermore, it furnishes insights into the specific policies and practices adopted by these organizations, equipping interested companies with knowledge to address the challenge of adapting to Brazil’s aging workforce.

Global CSR Standards Meet Local Culture: Case Studies of MNC Subsidiaries in Confucian China

Global CSR Standards Meet Local Culture: Case Studies of MNC Subsidiaries in Confucian China

Do Women Turn to Foreign MNC Subsidiaries as Employers When They Face Wage Discrimination? (WITHDRAWN)

Do Women Turn to Foreign MNC Subsidiaries as Employers When They Face Wage Discrimination? (WITHDRAWN)

Reference Point and Risk Behavior by Co-located MNC Subsidiaries

Reference Point and Risk Behavior by Co-located MNC Subsidiaries

Creating a digital platform for the agricultural cooperative system through interorganizational collaboration

In the era of Agriculture 4.0, agricultural cooperatives are struggling to understand the challenges and threats the digital platforms of large agribusiness corporations represent for the competitiveness of cooperative systems. An opportunity in this context is for agricultural cooperatives to enter the platform economy and collaboratively develop their digital platform. This study aims to analyze the process of creating a digital platform through the collaboration of agribusiness cooperatives. The action research method, which involved four interconnected cycles, was followed. The first cycle aimed to generate strategic alignment among thirty cooperatives to promote digital innovation. The second cycle referred to conceptualizing and establishing the project's governance structure and developing three minimum viable products. The third cycle involved the construction of the digital platform. The fourth and final cycle focused on instantiating the platform through diffusion and utilization by the cooperatives. A digital platform was developed, considering the potential for building relationships and adopting cooperative concepts. The platform gives participants access to a digital business ecosystem and direct access to the community of users, the infrastructure and the data. This means the cooperatives can manage them without subordination to large multinational companies that may threaten their long-term survival. The study contributes to theory by proposing a systematic method to create digital platforms following a cooperative approach. It also contributes to the managerial practice by revealing the steps and challenges managers may face when implementing digital platforms in the context of cooperatives. The platform attracted over 13,000 active users in three years and represented more than 1,700,000 ha of land for food production in Brazil.

Leveraging ChatGPT for Enhancing the Internal Audit Process—A Real-World Example from Uniper, a Large Multinational Company

Leveraging ChatGPT for Enhancing the Internal Audit Process—A Real-World Example from Uniper, a Large Multinational Company

Strategic Application of Intellectual Property in Multinational Corporations

This paper explores the strategic application of intellectual property (IP) in multinational corporations (MNCs), aiming to reveal the impact of IP on the competitive advantage of MNCs. By analyzing the IP management strategies of various MNCs in the global market, this paper demonstrates the critical role of effective IP protection and utilization in corporate innovation, market expansion, and risk management. The study finds that IP is not only an essential part of a company's assets but also a core competitive advantage for MNCs to achieve sustainable development. This paper comprehensively analyzes the application of IP in MNC strategies from legal, economic, and management perspectives, providing theoretical support and practical guidance for IP management in the context of globalization.

Cancel Culture, Commodification Message, and Middle East War: Impact on Multinational Corporations in Indonesia

Cancel Culture, Commodification Message, and Middle East War: Impact on Multinational Corporations in Indonesia