This paper aims to close one of the most persistent gaps in international business (IB) and strategic management (SM) research by advocating a systematic extension of our research perspective to a more finance-based "liabilities' approach". As such, it responds to the recent work of prominent...

This article analyzes political strategies of MNC subsidiaries in emerging markets. We find that institutional pressures from public and private non-market actors in the emerging market lead to increased political activism. Furthermore, we find that these relationships become stronger, when the...