Globalization

How does framing strategy around competition versus collaboration affect employee idea generation? We conduct a field experiment with 317 employees across 15 ventures in Latin America to assess the causal impact of strategic framing on employee contributions. Employees were randomly assigned to view either a competitively or collaboratively framed version of their firm's strategy statement. Those in the competitive framing condition generate approximately 14% fewer ideas and report lower psychological safety.

Climate-friendly technologies are the best way to stymie rising inflation — and will get better and cheaper over time.

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Entering new markets is crucial for technology startups to scale, yet these ventures often face high uncertainty about demand in these markets. This study examines how the composition of initial users shapes startups’ new market growth amid such uncertainty. It theorizes that startups face a learning tradeoff when targeting a foreign market: Local initial users, who are more familiar to the startups, provide clearer signals due to shared language and norms; however, more representative foreign users provide more transferable insights about the target market.

Global business often demands cultural accommodation, acting according to a host country’s norms. However, cultural accommodation is often deterred by the threat people can feel about betraying their heritage cultural identity. We investigate an important yet unrecognized antecedent of cultural accommodation: the ideologies that people hold about diversity, which we propose shape people’s notions that their cultural identity is changeable.

We present a dynamic two-country model in which military spending, geopolitical dominance, and government bond prices are jointly determined. The model reflects three facts: hegemons enjoy a funding advantage, this advantage rises with geopolitical tensions, and war losers devalue their debts more. In the model, greater bond revenue enables military investment, in turn increasing the safety value of bonds to international investors. Debt capacity strengthens the hegemon’s military and financial advantage but introduces steady-state multiplicity and fragility.

We examine how generative AI adoption affects the venture performance of high-tech software startups. Using a matched sample, we find that startups using generative AI for product development raise 15% less funding, especially in competitive markets with many similar AI adopters. However, startups targeting broad markets raise 30% more funding when adopting generative AI early-within six months of its release-before a dominant design emerges. These findings suggest that while early AI adoption can be beneficial, widespread use may erode differentiation.

The global rise of nationalism has distorted the neoliberal vision of a borderless world where the nationality of businesses would be rendered obsolete. While nationalism can promote solidarity and progress, it also has the potential to deepen social divisions and fuel conflict-realities that organizations cannot ignore. In this paper, we propose a theory of organizational nationalism, which positions organizations not merely as passive responders to nationalist institutional pressures or geopolitical risks but as active agents in shaping nationalistic beliefs, values, and policies.

This study assesses the impact of corporate accelerators on startup growth and technology adoption. Corporate accelerator programs offer technological resources that can spur startup growth, but they can also deter startups from exploring other suppliers' technologies. With novel data from one technology firm's accelerator program, we compare accepted and rejected startups using a machine-learning-based matching algorithm trained on the selection criteria. Participating in the corporate accelerator increases startups’ future funding by more than 50%.