Professor of International Business
Norwich, UNITED KINGDOM
His current research examines industrial clusters – thriving locations where businesses settle, congregate, & feed off collective success.
2016 Project led by Ernst & Young on the Value of the City of London to EU Corporations.
2016 Most Inspiring Teaching category.
M.Sc., Business Economics
The theory of the multinational enterprise (MNE) suggests that the subsidiaries of MNEs possess firm-specific advantages (FSAs) that can overcome their liability of foreignness (LOF). It also suggests that subsidiaries can gradually decrease their LOF over time as they learn more about the host country environment and develop better connections to local business networks.
A key assertion in the turnaround literature is that when survival is threatened, it is necessary to undertake asset and cost retrenchment strategies that stabilise the performance decline and provide a base for survival and recovery. Correcting for methodological weaknesses in the literature, this study of Spanish SMEs finds that retrenchment of inventory and employees is associated with liquidation.
The fields of Economic Geography and International Business share an interest in the same phenomena, whilst each provides both a differing perspective and different research methods in attempting to understand those phenomena. The Routledge Companion to the Geography of International Business explores the nature and scope of inter-disciplinary work between Economic Geography and International Business in explaining the central issues in the international economy.
Geographical clusters are agglomerations of industry that have been variously referred to as ‘industrial districts’(Pyke et al., 1990),‘new industrial spaces’(Scott, 1988),‘milieus’(Camagni, 1991) and ‘nodes’(Amin and Thrift, 1992). The study of clusters is not new, dating back at least to the work of Marshall (1890). The recent revival of interest in the phenomenon has three important sources.
Using high-frequency data from the European Climate Exchange (ECX), we examine the determinants of price impact of €21 billion worth of block trades during 2008–2011 in the European carbon market. We find that wider bid-ask spreads and volatility are characterised by a smaller price impact.