Luis Perez-Batres - Academia.edu (original) (raw)

Papers by Luis Perez-Batres

Research paper thumbnail of Global Supply Chains in Response to COVID-19: Adopting a Real Options Mindset

Businesses and governments may have been overconfident in their ability to react efficiently to b... more Businesses and governments may have been overconfident in their ability to react efficiently to black swan consequences. COVID-19 levied unforeseen isolation and border closings threatening the survival of global supply chains and the bankruptcy of governments and organizations alike. As a response to this challenge, our proposal takes a real options approach to mitigate supply chain disruptions by developing regional partnerships outside of densely populated areas. Its inherent novelty is twofold: (1) it anticipates survival uncertainties by securing the continued production of goods and services worldwide and (2) it recognizes a change in the relationship’s dynamic between global and regional actors.

Research paper thumbnail of Is Foreignness an Asset or a Liability? Host Market Industry Characteristics and Firm Survival

Academy of Management Proceedings

Research paper thumbnail of Radical Institutional Change: Foreign Firms Strategic Responses to Regulatory Punctuations in Emerging Markets

Journal of Management Policy and Practice

This paper offers theoretical and empirical insights about the strategies and characteristics of ... more This paper offers theoretical and empirical insights about the strategies and characteristics of foreign banks operating in an emerging market, which suffered radical transformations in its business landscape during the 1990's and the early 2000s. The results demonstrate foreign banks from countries with stronger commercial ties to the focal emerging market, a higher degree of internalization, and more aggressive lending practices (in the focal market) outperformed and or outlasted foreign banks with weaker commercial ties, lower degrees of internalization, and less aggressive lending practices. INTRODUCTION The ability to understand the external environment has been long recognized as a key determinant of organizational performance (Porter, 1990). In the last few years, however, profound transformations of the business landscape took place due to globalization and technological advances (Hitt, Keats, and DeMarie, 1998). Therefore, it has been suggested that successful organizations would be those with the ability to adapt to radical change (Richardson, 1996; Volberda, 1996). While the importance of radical change has been recognized (e.g.

Research paper thumbnail of Sustainable Development Venturing and Private Regulation Guidelines

Academy of Management Proceedings

Research paper thumbnail of Perez-Batres, Luis A., Van V. Miller, Michael J. Pisani, Irene Henriques, and José A. Renau-Sepúlveda (2012), “Why Do Firms Engage in National Sustainability Programs and Transparent Sustainability Reporting? Evidence from Mexico’s Clean Industry Program,” Management International Review, 107-136

Management International Review

*To evaluate global and domestic corporations on their sustainability engagement, numerous metric... more *To evaluate global and domestic corporations on their sustainability engagement, numerous metrics have been developed at the national and international levels. * In this paper, we assess whether the largest 448 foreign and local firms operating in a particular country engage in local sustainability initiatives (i.e., Mexico’s Clean Industry Program). The paper also assesses the degree of sustainability reporting (transparency towards sustainability) by the 267 local firms. *Using an Institutional Theory rationale, we find that type of industry (dirty vs. clean), regional home, and engagement in global sustainability initiatives—i.e., The UNGC—best explain the firm’s decision to follow local sustainability initiatives. *We find that the type of industry and affiliation to a national sustainability program are highly related to transparent sustainability reporting for large Mexican firms.

Research paper thumbnail of Of Knowledge and Rankings: What Do High Ranked Public Businesses Schools Have In Common?

Academy of Management Proceedings, 2014

The present study investigates the presence of a substantial relationship between the undergradua... more The present study investigates the presence of a substantial relationship between the undergraduate business rankings and their faculty disciplinary knowledge. To that end, the study examines the US News and World Reports’ undergraduate business rankings of 101 large public universities and their relationship to business research productivity. Overall, it finds support for the notion that undergraduate business rankings positively relate to business research productivity. However, the rankings do not seem to reward research-teaching balanced programs for publishing in “premier” business journals.

Research paper thumbnail of Stakeholder dynamics as determinants of substantive versus symbolic csr practices: A macro/micro perspective

Abstract Purpose Moving beyond the question of whether large corporations are truly addressing su... more Abstract Purpose Moving beyond the question of whether large corporations are truly addressing sustainability, some scholars have explored the degree to which CSR activities are purely symbolic or substantive in nature. Most of the studies have focused on external stakeholder pressures. The aim of this chapter is to extend this line of inquiry by theorizing that the dynamics among internal stakeholders also shapes CSR conduct. Design/methodology/approach This theoretical contribution borrows from research on socially responsible indices, behavioral corporate governance theory in CSR and from recent research that has leveraged attribution theory to better understand reactions to corporate social irresponsibility (CSiR). Findings Our chapter proposes that firms adhering to substantive CSR practice are less likely to be punished by external stakeholders than otherwise. From an internal stakeholder viewpoint, it suggests there is a positive relationship between the number of board ties to reputable universities/nonprofit organizations and substantive CSR practices; and a negative relationship between managerial discretion and substantive CSR practices. Social implications This chapter can have social applicability as it deals with stakeholders’ role in pressuring the modern organization to engage in substantive CSR. Originality/value As aforementioned, most studies explore the relationship between CSR compliance and external stakeholder pressures. In contrast, the relationship between internal stakeholder dynamics and CSR compliances is still not well understood. Hence, the incorporating of these dynamics provides theoretical insights for the CSR, sustainability, and corporate governance arenas.

Research paper thumbnail of Global business, geopolitics and the United Nations global compact: the geographic reach and transnational efficacy of voluntary sustainability codes

Handbook on the Geopolitics of Business, 2013

Research paper thumbnail of Efficient labor reallocation and the liability of localness

American Journal of Business, 2012

Purpose - The purpose of the paper is to explore the polarizing subject of immigration, from a bu... more Purpose - The purpose of the paper is to explore the polarizing subject of immigration, from a business/economics perspective. Design/methodology/approach - The paper adds to the theoretical discussion the concept of “liability of localness”; a concept associated with the negative repercussions suffered by indigenous firms, after a regional free trade agreement takes place. Findings - The paper answers why despite the suggested net economic gains brought by immigrants, there is still a big negative sentiment regarding the issue of immigration. It is proposed that regional trade agreements force labor reallocation, and in so doing, negatively affect the unskilled labor force. Research limitations/implications - This paper does not consider other academic disciplines to explain the problem, as it would be beyond the scope and aim of this journal. Practical implications - The advanced proposition suggests the need to have mechanisms in place to mitigate the negative consequences brought about by reallocation pressures (suffered mostly by unskilled labor). Social implications - This paper has social/policy applicability as it deals with the negative effect brought to local communities by foreign communities (at time 2), who lost their way of life (at time 1) after the implementation of a free trade agreement (at time 0). Originality/value - In general, the negative consequences brought by free trade agreements do not garner the attention they deserve. By advancing the liability of localness concept into the immigration topic, this paper provides theoretical insights about the negative consequences originated by free trade agreements.

Research paper thumbnail of CSREM-SI Introduction

Corporate Social Responsibility and Environmental Management, 2013

Research paper thumbnail of Do desperate times call for desperate measures? Strategic responses to regulatory punctuations in the Mexican banking industry, 1991--2004

Using event-history methodologies and the Mexican banking industry as the unit of analysis, this ... more Using event-history methodologies and the Mexican banking industry as the unit of analysis, this dissertation shows the following results: Foreign firms (banks) from countries with stronger commercial ties to Mexico (the focal emerging market), were less likely to exit the banking ...

Research paper thumbnail of An Assessment of the Role of Latin America in the Core International Business Literature (2001–2010)

ABSTRACT This article contributes to the international business literature by exploring the role ... more ABSTRACT This article contributes to the international business literature by exploring the role of Latin America within the core international business scholarship. As to the role of Latin America in international business scholarship, we find that Latin America is generally represented as a geographic study area; additionally, we find that Latin America-based authors are disproportionately absent from the core international business journals. We offer several recommendations to better position research on Latin America as well as research by Latin Americans and Latin America-based authors.

Research paper thumbnail of Sustainable Development in Iran: An Exploratory Study of University Students' Attitudes and Knowledge about Sustainable Developmenta

ABSTRACT In this paper, we explore the perceptions of Iranian undergraduate college students of t... more ABSTRACT In this paper, we explore the perceptions of Iranian undergraduate college students of the concept of sustainable development (SD). In so doing, we measure students' attitudes and knowledge on the various aspects of the SD paradigm. The results indicate that while most Iranian students surveyed have a positive perception of SD, their attitudes and knowledge about it is linked to certain demographic characteristics. For example, Iranian female college students are more knowledgeable about SD than their male Iranian counterparts. Implications of these findings are further explored. Copyright © 2012 John Wiley & Sons, Ltd and ERP Environment.

Research paper thumbnail of Firm Strategic Choice and Sustainable Development: Lessons from Large Public Latin America Firms

Utilizing a conservationist metaphor adapted from Moyle (1997), we observe the strategic "ch... more Utilizing a conservationist metaphor adapted from Moyle (1997), we observe the strategic "choice" of 207 large Latin American public firms engaging in sustainable development (SD) schemas. Our results indicate global pressures drive normative responses towards the legitimization of firm-level SD initiatives, whereas local pressures influence mimetic responses.

Research paper thumbnail of Why Do Firms Engage in National Sustainability Programs and Transparent Sustainability Reporting?

Research paper thumbnail of Stakeholder Pressures as Determinants of CSR Strategic Choice: Why do Firms Choose Symbolic Versus Substantive Self-Regulatory Codes of Conduct?

To encourage corporations to contribute positively to the environment in which they operate, volu... more To encourage corporations to contribute positively to the environment in which they operate, voluntary self-regulatory codes (SRC) have been enacted and refined over the past 15 years. Two of the most prominent are the United Nations Global Compact and the Global Reporting Initiative. In this paper, we explore the impact of different stakeholders' pressures on the selection of strategic choices to join SRCs. Our results show that corporations react differently to different sets of stakeholder pressures and that the SRC selection depends on the type and intensiveness of the stakeholder pressures as well as the resources at hand to respond to those pressures. Our contribution offers a more specific and finely variegated analysis of firmstakeholder interactions.

Research paper thumbnail of CSR, sustainability and the meaning of global reporting for Latin American corporations

... for most of the corporation's stake-holders (Carroll, 1991, 1999; Garriga and Mele, 2004... more ... for most of the corporation's stake-holders (Carroll, 1991, 1999; Garriga and Mele, 2004; Maignan ... Hitt et al., 1998; Hoskisson et al., 2000; Perez-Batres and Eden, 2008; Ranis, 1995 ... how emerging market firms respond to the new challenge of adopting CSR guidelines, without ...

Research paper thumbnail of Institutionalizing sustainability: an empirical study of corporate registration and commitment to the United Nations global compact guidelines

Drawing upon institutional and stakeholder theories, we explore the ‘causal’ mechanisms of instit... more Drawing upon institutional and stakeholder theories, we explore the ‘causal’ mechanisms of institutionalization and their influence on Sustainable Development initiatives. To test our arguments, we study the registration patterns of 394 large corporations from 12 Western European and Latin American countries into the United Nations Global Compact. Results indicate that the normative and mimetic mechanisms of institutionalization (i.e., academe and

Research paper thumbnail of Is there a liability of localness? How emerging market firms respond to regulatory punctuations

Journal of International Management, 2008

Research paper thumbnail of China’s green watch program: beyond greenwashing

Chinese Management Studies

Purpose This paper aims to provide a more inclusive perspective on corporate greenwashing. Major ... more Purpose This paper aims to provide a more inclusive perspective on corporate greenwashing. Major ideas from impression management and transaction cost theory (TCT) helped in evaluating the likelihood of greenwashing within the Chinese context. Design/methodology/approach The sample consists of 184 Chinese public companies – 104 participating and 80 not participating in China’s green watch (GW) program. Using logistic regression, the analysis illustrates the importance of impression management and TCT as indicators of GW participation. Findings GW participation reduced the likelihood of GW firms joining substantive codes of conduct outside the GW program, indicating an important role of impression management and power relationships; a higher level of firm risk is associated with greater GW participation, signaling a higher level of risk tolerance; and higher levels of asset intensity increase the likelihood of GW participation, indicating a TCT connection. Research limitations/implic...

Research paper thumbnail of Global Supply Chains in Response to COVID-19: Adopting a Real Options Mindset

Businesses and governments may have been overconfident in their ability to react efficiently to b... more Businesses and governments may have been overconfident in their ability to react efficiently to black swan consequences. COVID-19 levied unforeseen isolation and border closings threatening the survival of global supply chains and the bankruptcy of governments and organizations alike. As a response to this challenge, our proposal takes a real options approach to mitigate supply chain disruptions by developing regional partnerships outside of densely populated areas. Its inherent novelty is twofold: (1) it anticipates survival uncertainties by securing the continued production of goods and services worldwide and (2) it recognizes a change in the relationship’s dynamic between global and regional actors.

Research paper thumbnail of Is Foreignness an Asset or a Liability? Host Market Industry Characteristics and Firm Survival

Academy of Management Proceedings

Research paper thumbnail of Radical Institutional Change: Foreign Firms Strategic Responses to Regulatory Punctuations in Emerging Markets

Journal of Management Policy and Practice

This paper offers theoretical and empirical insights about the strategies and characteristics of ... more This paper offers theoretical and empirical insights about the strategies and characteristics of foreign banks operating in an emerging market, which suffered radical transformations in its business landscape during the 1990's and the early 2000s. The results demonstrate foreign banks from countries with stronger commercial ties to the focal emerging market, a higher degree of internalization, and more aggressive lending practices (in the focal market) outperformed and or outlasted foreign banks with weaker commercial ties, lower degrees of internalization, and less aggressive lending practices. INTRODUCTION The ability to understand the external environment has been long recognized as a key determinant of organizational performance (Porter, 1990). In the last few years, however, profound transformations of the business landscape took place due to globalization and technological advances (Hitt, Keats, and DeMarie, 1998). Therefore, it has been suggested that successful organizations would be those with the ability to adapt to radical change (Richardson, 1996; Volberda, 1996). While the importance of radical change has been recognized (e.g.

Research paper thumbnail of Sustainable Development Venturing and Private Regulation Guidelines

Academy of Management Proceedings

Research paper thumbnail of Perez-Batres, Luis A., Van V. Miller, Michael J. Pisani, Irene Henriques, and José A. Renau-Sepúlveda (2012), “Why Do Firms Engage in National Sustainability Programs and Transparent Sustainability Reporting? Evidence from Mexico’s Clean Industry Program,” Management International Review, 107-136

Management International Review

*To evaluate global and domestic corporations on their sustainability engagement, numerous metric... more *To evaluate global and domestic corporations on their sustainability engagement, numerous metrics have been developed at the national and international levels. * In this paper, we assess whether the largest 448 foreign and local firms operating in a particular country engage in local sustainability initiatives (i.e., Mexico’s Clean Industry Program). The paper also assesses the degree of sustainability reporting (transparency towards sustainability) by the 267 local firms. *Using an Institutional Theory rationale, we find that type of industry (dirty vs. clean), regional home, and engagement in global sustainability initiatives—i.e., The UNGC—best explain the firm’s decision to follow local sustainability initiatives. *We find that the type of industry and affiliation to a national sustainability program are highly related to transparent sustainability reporting for large Mexican firms.

Research paper thumbnail of Of Knowledge and Rankings: What Do High Ranked Public Businesses Schools Have In Common?

Academy of Management Proceedings, 2014

The present study investigates the presence of a substantial relationship between the undergradua... more The present study investigates the presence of a substantial relationship between the undergraduate business rankings and their faculty disciplinary knowledge. To that end, the study examines the US News and World Reports’ undergraduate business rankings of 101 large public universities and their relationship to business research productivity. Overall, it finds support for the notion that undergraduate business rankings positively relate to business research productivity. However, the rankings do not seem to reward research-teaching balanced programs for publishing in “premier” business journals.

Research paper thumbnail of Stakeholder dynamics as determinants of substantive versus symbolic csr practices: A macro/micro perspective

Abstract Purpose Moving beyond the question of whether large corporations are truly addressing su... more Abstract Purpose Moving beyond the question of whether large corporations are truly addressing sustainability, some scholars have explored the degree to which CSR activities are purely symbolic or substantive in nature. Most of the studies have focused on external stakeholder pressures. The aim of this chapter is to extend this line of inquiry by theorizing that the dynamics among internal stakeholders also shapes CSR conduct. Design/methodology/approach This theoretical contribution borrows from research on socially responsible indices, behavioral corporate governance theory in CSR and from recent research that has leveraged attribution theory to better understand reactions to corporate social irresponsibility (CSiR). Findings Our chapter proposes that firms adhering to substantive CSR practice are less likely to be punished by external stakeholders than otherwise. From an internal stakeholder viewpoint, it suggests there is a positive relationship between the number of board ties to reputable universities/nonprofit organizations and substantive CSR practices; and a negative relationship between managerial discretion and substantive CSR practices. Social implications This chapter can have social applicability as it deals with stakeholders’ role in pressuring the modern organization to engage in substantive CSR. Originality/value As aforementioned, most studies explore the relationship between CSR compliance and external stakeholder pressures. In contrast, the relationship between internal stakeholder dynamics and CSR compliances is still not well understood. Hence, the incorporating of these dynamics provides theoretical insights for the CSR, sustainability, and corporate governance arenas.

Research paper thumbnail of Global business, geopolitics and the United Nations global compact: the geographic reach and transnational efficacy of voluntary sustainability codes

Handbook on the Geopolitics of Business, 2013

Research paper thumbnail of Efficient labor reallocation and the liability of localness

American Journal of Business, 2012

Purpose - The purpose of the paper is to explore the polarizing subject of immigration, from a bu... more Purpose - The purpose of the paper is to explore the polarizing subject of immigration, from a business/economics perspective. Design/methodology/approach - The paper adds to the theoretical discussion the concept of “liability of localness”; a concept associated with the negative repercussions suffered by indigenous firms, after a regional free trade agreement takes place. Findings - The paper answers why despite the suggested net economic gains brought by immigrants, there is still a big negative sentiment regarding the issue of immigration. It is proposed that regional trade agreements force labor reallocation, and in so doing, negatively affect the unskilled labor force. Research limitations/implications - This paper does not consider other academic disciplines to explain the problem, as it would be beyond the scope and aim of this journal. Practical implications - The advanced proposition suggests the need to have mechanisms in place to mitigate the negative consequences brought about by reallocation pressures (suffered mostly by unskilled labor). Social implications - This paper has social/policy applicability as it deals with the negative effect brought to local communities by foreign communities (at time 2), who lost their way of life (at time 1) after the implementation of a free trade agreement (at time 0). Originality/value - In general, the negative consequences brought by free trade agreements do not garner the attention they deserve. By advancing the liability of localness concept into the immigration topic, this paper provides theoretical insights about the negative consequences originated by free trade agreements.

Research paper thumbnail of CSREM-SI Introduction

Corporate Social Responsibility and Environmental Management, 2013

Research paper thumbnail of Do desperate times call for desperate measures? Strategic responses to regulatory punctuations in the Mexican banking industry, 1991--2004

Using event-history methodologies and the Mexican banking industry as the unit of analysis, this ... more Using event-history methodologies and the Mexican banking industry as the unit of analysis, this dissertation shows the following results: Foreign firms (banks) from countries with stronger commercial ties to Mexico (the focal emerging market), were less likely to exit the banking ...

Research paper thumbnail of An Assessment of the Role of Latin America in the Core International Business Literature (2001–2010)

ABSTRACT This article contributes to the international business literature by exploring the role ... more ABSTRACT This article contributes to the international business literature by exploring the role of Latin America within the core international business scholarship. As to the role of Latin America in international business scholarship, we find that Latin America is generally represented as a geographic study area; additionally, we find that Latin America-based authors are disproportionately absent from the core international business journals. We offer several recommendations to better position research on Latin America as well as research by Latin Americans and Latin America-based authors.

Research paper thumbnail of Sustainable Development in Iran: An Exploratory Study of University Students' Attitudes and Knowledge about Sustainable Developmenta

ABSTRACT In this paper, we explore the perceptions of Iranian undergraduate college students of t... more ABSTRACT In this paper, we explore the perceptions of Iranian undergraduate college students of the concept of sustainable development (SD). In so doing, we measure students' attitudes and knowledge on the various aspects of the SD paradigm. The results indicate that while most Iranian students surveyed have a positive perception of SD, their attitudes and knowledge about it is linked to certain demographic characteristics. For example, Iranian female college students are more knowledgeable about SD than their male Iranian counterparts. Implications of these findings are further explored. Copyright © 2012 John Wiley & Sons, Ltd and ERP Environment.

Research paper thumbnail of Firm Strategic Choice and Sustainable Development: Lessons from Large Public Latin America Firms

Utilizing a conservationist metaphor adapted from Moyle (1997), we observe the strategic "ch... more Utilizing a conservationist metaphor adapted from Moyle (1997), we observe the strategic "choice" of 207 large Latin American public firms engaging in sustainable development (SD) schemas. Our results indicate global pressures drive normative responses towards the legitimization of firm-level SD initiatives, whereas local pressures influence mimetic responses.

Research paper thumbnail of Why Do Firms Engage in National Sustainability Programs and Transparent Sustainability Reporting?

Research paper thumbnail of Stakeholder Pressures as Determinants of CSR Strategic Choice: Why do Firms Choose Symbolic Versus Substantive Self-Regulatory Codes of Conduct?

To encourage corporations to contribute positively to the environment in which they operate, volu... more To encourage corporations to contribute positively to the environment in which they operate, voluntary self-regulatory codes (SRC) have been enacted and refined over the past 15 years. Two of the most prominent are the United Nations Global Compact and the Global Reporting Initiative. In this paper, we explore the impact of different stakeholders' pressures on the selection of strategic choices to join SRCs. Our results show that corporations react differently to different sets of stakeholder pressures and that the SRC selection depends on the type and intensiveness of the stakeholder pressures as well as the resources at hand to respond to those pressures. Our contribution offers a more specific and finely variegated analysis of firmstakeholder interactions.

Research paper thumbnail of CSR, sustainability and the meaning of global reporting for Latin American corporations

... for most of the corporation's stake-holders (Carroll, 1991, 1999; Garriga and Mele, 2004... more ... for most of the corporation's stake-holders (Carroll, 1991, 1999; Garriga and Mele, 2004; Maignan ... Hitt et al., 1998; Hoskisson et al., 2000; Perez-Batres and Eden, 2008; Ranis, 1995 ... how emerging market firms respond to the new challenge of adopting CSR guidelines, without ...

Research paper thumbnail of Institutionalizing sustainability: an empirical study of corporate registration and commitment to the United Nations global compact guidelines

Drawing upon institutional and stakeholder theories, we explore the ‘causal’ mechanisms of instit... more Drawing upon institutional and stakeholder theories, we explore the ‘causal’ mechanisms of institutionalization and their influence on Sustainable Development initiatives. To test our arguments, we study the registration patterns of 394 large corporations from 12 Western European and Latin American countries into the United Nations Global Compact. Results indicate that the normative and mimetic mechanisms of institutionalization (i.e., academe and

Research paper thumbnail of Is there a liability of localness? How emerging market firms respond to regulatory punctuations

Journal of International Management, 2008

Research paper thumbnail of China’s green watch program: beyond greenwashing

Chinese Management Studies

Purpose This paper aims to provide a more inclusive perspective on corporate greenwashing. Major ... more Purpose This paper aims to provide a more inclusive perspective on corporate greenwashing. Major ideas from impression management and transaction cost theory (TCT) helped in evaluating the likelihood of greenwashing within the Chinese context. Design/methodology/approach The sample consists of 184 Chinese public companies – 104 participating and 80 not participating in China’s green watch (GW) program. Using logistic regression, the analysis illustrates the importance of impression management and TCT as indicators of GW participation. Findings GW participation reduced the likelihood of GW firms joining substantive codes of conduct outside the GW program, indicating an important role of impression management and power relationships; a higher level of firm risk is associated with greater GW participation, signaling a higher level of risk tolerance; and higher levels of asset intensity increase the likelihood of GW participation, indicating a TCT connection. Research limitations/implic...