Economic series research seminar - Thomas Lawton

Date: 31 January 2018
Venue: Bristol Business School building, Frenchay Campus
Time: 10:00 - 11:00


International political risk management: perspectives, approaches and emerging agendas

We are pleased to host Professor Thomas Lawton who will visit us to offer a discussion on the most current developments in the state of the non-market strategy field, and to introduce us to publishing opportunities on the pages of 'Long Range Planning'.

Abstract

In this paper, we review the extant and emerging perspectives on, and approaches to, political risk management, particularly in the context of foreign direct investment. We identify and classify the various theoretical lenses in the domain of political risk management, and suggest a future research agenda.

The paper contributes by conceptually categorizing and mapping the extant research onto three approaches to the management of political risk. Through conducting a narrative literature review, we suggest three theoretical perspectives on political risk management:

  • institutions
  • resources and capabilities
  • resource dependence.

We argue that the institutions approach to political risk management is reactive, responding to external stimuli, whereas the resources and capabilities based approach is proactive, preparing and acting in anticipation.

The resource dependence domain offers an intermediate approach - the active management of political risk. We also suggest that the effectiveness of the domains' approaches may vary across different national contexts.

The article on which this speech is based is forthcoming at the International Journal of Management Reviews, Vol. 00, 1-33 (2017), DOI: 10.1111/ijmr.12166.

About Thomas

Thomas C. Lawton is a Professor of Strategy and International Management at the Open University Business School, UK.
He serves as an Associate Editor of Long Range Planning and Routledge Series Editor for Strategy Matters.

Cost: Open for UWE Bristol staff and students
Contact: Dr Annie Tubadji
Telephone: +44 (0)117 32 85611
E-mail: ana.tubadji@uwe.ac.uk

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