Lilach Nachum - Academia.edu (original) (raw)

Papers by Lilach Nachum

Social Science Research Network, 2018

The Palgrave Encyclopedia of Strategic Management

This article discusses the origins and modern interpretations of the economic law known as the la... more This article discusses the origins and modern interpretations of the economic law known as the law of one price, with particular attention given to the theoretical work on pricing and price dispersion in homogenous goods markets with incomplete information and consumer search costs for price. Definition The law of one price states that, in a nearly perfect market, two identical goods must have nearly identical prices.

This study combines the theories of international business and management with network theory in ... more This study combines the theories of international business and management with network theory in order to examines the networking activities of foreign affiliates. It focuses on a specific kind of network, which is taking place between firms based in geographic proximity. A comparative analysis between foreign and indigenous firms in selected professional service industries located in Central London is used as the analytical tool to isolate the networking attributes of firms in general from those that are unique to foreign affiliates and emerge as a result of their specific characteristics. The findings suggest considerable differences between foreign and indigenous firms in terms of their network behaviour. MNE internal networks appear partially to replace the advantages provided by external networks, acting both to diminish the MNE's need for external linkages and channel it into somewhat different directions.

Existing measures of productivity were designed to measure productivity in industries in which bo... more Existing measures of productivity were designed to measure productivity in industries in which both inputs and outputs are tangible standardised quantities. They are inadequate for productivity measurement of professional services, where intangible and specialised factors of production are in use. This paper seeks to address the difficulties associated with the measurement of the productivity of professional service firms and to propose a more adequate measure of productivity in these industries. This measure is tested on a sample of Swedish management consulting firms, and is assessed in relation to several performance indicators of these firms. The findings illustrate the inadequacy of the manufacturing-based measurement procedures and demonstrate that a measure which acknowledges the unique characteristics of professional services correlates better with firms' performance. As this field of research is in its infancy, these findings are only suggested as indications for direct...

The national origin of the ownership advantages of firms - illustration on advertising agencies i... more The national origin of the ownership advantages of firms - illustration on advertising agencies in the US, UK and France the impact of home countries on the ownership advantages of firms - examination of the advertising industry ownership advantages and competitiveness - a link tested on advertising agencies in the US, the UK and France the strength and sustainability of the impact of home countries on the competitiveness of firms - a comparative analysis among professional service industries the impact of home versus foreign countries on the competitiveness of forms - a study of Swedish engineering consulting firms FDI and the impact of home countries on the competitiveness of forms - examination of US professional service industries the limitations of the impact of home countries on the competitiveness of firms and the role of individual firms - a comparison between Danish and UK management consulting firms.

This study seeks to explain why, in some cases, locationally advantageous countries attract forei... more This study seeks to explain why, in some cases, locationally advantageous countries attract foreign firms, who develop dominant competitive positions in the market, rather than facilitate the development of internationally competitive national firms, as theory suggests. Comparative analyses of samples of foreign and British-owned insurance firms in the London wholesale insurance market are used to establish a hierarchy of location advantages in terms of their competitive importance. It is shown that foreign affiliates compensate for their liability in accessing Britain’s location advantages by accessing resources via the MNE internal networks. Their competitive strength is based primarily on such resources. The contributions of the findings to the conceptualisation of the MNE as an internal network within an external network, and the potential substitution of internal and external resources, are discussed. The implications for the theory of the national origin of the competitive adv...

This study examines the link between the comparative location advantages of countries and the com... more This study examines the link between the comparative location advantages of countries and the competitive position of national firms in world markets in industries in which competitive advantages are based entirely on intangible assets, which are not physically tied to any particular location. A model connecting world market shares as the explanatory variable with a set of potentially significant country intangible location advantages is tested on the advertising industry between 1977 and 1999. The findings show that the location advantages of home countries possess significant explanatory power for the country patterns in advertising. The paper concludes by drawing implications of these findings for firms and policy makers.

Introduction Why Foreign-owned Firms are Different: A Conceptual Framework and Empirical Evidence... more Introduction Why Foreign-owned Firms are Different: A Conceptual Framework and Empirical Evidence for Austria M.Pfaffermayr & C.Bellak (Why) Do Foreign-owned firms in Germany Achieve Above-average Productivity? L.Bellman & R.Jungnickel Locating Foreign Affiliates in Germany: The Case of Swedish MNEs H.Braconier & K.Ekholm Foreign- owned Firms and UK Economic Performance N.Pain & F.Hubert Foreign-owned Firms and the Competitiveness of the Host Country: the Case of France with regard to Foreign Trade and Innovation Activity R.Lallement

United Nations Conference on Trade and Development (UNCTAD): World Investment Report 2000: Cross-... more United Nations Conference on Trade and Development (UNCTAD): World Investment Report 2000: Cross-Border Mergers and Acquisitions and Development United Nations, New York and Geneva 2000. 1. Capsule Summary of the Book and Its Review The World Investment Report, published annually by UNCTAD, is celebrating this year its 10th anniversary. Over the years these publications have established themselves an important position within the FDI literature, contributing towards a better understanding of the role of FDI in the world economy and to the ongoing discussions on globalisation and its impact on firms and countries. They provide valuable insights into the activities of TNCs and its consequences for their home countries and for the countries that host them. This review focuses on the recently published World Investment Report 2000: Cross Border Mergers and Acquisitions and Development. It starts by briefly describing the structure and content of this report, highlighting the main issues...

This is the 12th of UNCTAD's World Investment Reports (WIR), which have now become an essenti... more This is the 12th of UNCTAD's World Investment Reports (WIR), which have now become an essential part of the FDI literature. It follows the overall structure set up by its predecessors, whereby the first part describes overall trends in international production over the last year and the second part addresses a specific topic related to FDI. This year's WIR examines the issue of TNCs and export competitiveness. The first part--overall trends--highlights some noticeable changes in the previous year's FDI patterns. Without doubt, the most noticeable of these is the sharp decline in FDI flows in 2001, reflecting the overall economic slowdown, albeit with major regional differences (with the most noticeable decline in the developed regions). At the same times, however, the Report shows that the role of TNCs in the world economy, as measured by employment, export and controlled assets, have increased considerably over the last decade or so. For a number of years the WIRs have ...

Academy of Management Journal

Combining perspectives from institutional activism and signaling theory literatures, we suggest t... more Combining perspectives from institutional activism and signaling theory literatures, we suggest that an activist sovereign wealth fund (SWF) can serve as an intermediary signaler, providing cues ab...

Advances in Sustainability and Environmental Justice, 2013

Purpose – We seek explanation for the existence of international activity in industries whose cha... more Purpose – We seek explanation for the existence of international activity in industries whose characteristics provide conflicting rationales for international expansion. In such industries, the competitive value of some industrial characteristics is magnified by international expansion, whereas the value of others is undermined by these moves. The tension is amplified in the presence of sustainability concerns and the quest for meeting Corporate Social Responsibility (CSR) goals.Design/methodology/approach – The study is based on case studies of the world's largest multinational enterprise (MNE) producers of hydropower plant equipment, which provide representative examples of MNEs in renewable energy industries. We examine the strategic balances that these MNEs strike to deal with the conflicting pressure of international strategy and their performance outcomes.Findings – The insights we generate from the case studies suggest that there might be plural ways to successfully address such tensions, and firms’ histories and competitive advantages shape the choices they make in the face of these conflicts.Implications – Our contribution is of notable merits in the contemporary world whereby the pressure for international expansion extends to industries whose characteristics both favour and inhibit international activity. We outline the distinctive impact that sustainability concerns have in this tension.Originality/value of chapter – Our study serves to deepen the understanding of international activity in the renewable energy sector, a relatively understudied sector, whose significance in the world economy and in international business is growing rapidly. It is novel in extending the tension of international activity to include sustainability and CSR concerns.

Handbook of Research on Innovation and Clusters, 2008

Academy of Management Proceedings

The Palgrave Encyclopedia of Strategic Management, 2016

Long Range Planning, Oct 1, 2003

groove' through a portfolio of interconnected ties, and how this structural optimisation leads to... more groove' through a portfolio of interconnected ties, and how this structural optimisation leads to the development of value chain capabilities that contribute to the enrichment of strategic networked communities.

Esrc Centre For Business Research Working Papers, 1999

ABSTRACT This study seeks to examine the extent to which home countries affect the competitivenes... more ABSTRACT This study seeks to examine the extent to which home countries affect the competitiveness of firms competing in the international market and how this impact is changing as firms extend their international activity. It links a set of competitive advantages of advertising TNCs from the US, the UK and France with specific conditions in the home markets of these firms, and examines differences in the nature and type of their competitive advantages. The findings suggest that the competitive advantages of advertising TNCs are only partly shaped by the conditions in their country of origin. The impact of home countries weakens as agencies expand their international activity.

Esrc Centre For Business Research Working Papers, 2002

ABSTRACT This study examines the factors affecting the propensity of firms to engage in cross bor... more ABSTRACT This study examines the factors affecting the propensity of firms to engage in cross border activities in a world of increasing returns. A model connecting outward FDI from the US with a set of firm-specific advantages is estimated on samples of industries dominated by increasing and diminishing return processes.