How do multinational enterprises respond to geopolitics? A review and research agenda

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dc.contributor.authorMoura, Stephanie Tonn Goularten
dc.contributor.authorLawton, Thomas C.en
dc.contributor.authorTobin, Damianen
dc.date.accessioned2025-04-24T13:31:09Z
dc.date.available2025-04-24T13:31:09Z
dc.date.issued2025-04-17en
dc.description.abstractInternational business research emphasizes the importance of geopolitics to multinational enterprise (MNE) strategic decision‐making. Yet, insights and evidence are dispersed across levels of analysis and disciplinary perspectives, making it difficult to determine how exactly MNEs respond to geopolitics. Leveraging a sample of 97 papers from journals in strategy, international business and management, we clarify the impact of geopolitics on home and host country relations and the interplay with MNE strategic decision‐making. In advancing existing knowledge boundaries, we make sense of MNE responses to geopolitically induced uncertainty by accounting for MNEs’ heterogeneous political capabilities and investment real options. We show that when MNEs have strong political capabilities, they often opt for a shaping engagement response to influence home–host country relations. However, weak political capabilities limit investments with flexible real options and restrict investments with committed real options, leading to adaptive engagement, non‐engagement and exit responses. Finally, we outline an agenda for future studies on the topic.en
dc.description.statusPeer revieweden
dc.description.versionPublished Versionen
dc.format.mimetypeapplication/pdfen
dc.identifier.citationMoura, S. T. G., Lawton, T. C. and Tobin, D. (2025) 'How do multinational enterprises respond to geopolitics? A review and research agenda', International Journal of Management Reviews, pp. 1–21. https://doi.org/10.1111/ijmr.12399en
dc.identifier.doi10.1111/ijmr.12399en
dc.identifier.eissn1468-2370en
dc.identifier.endpage21en
dc.identifier.issn1460-8545en
dc.identifier.journaltitleInternational Journal of Management Reviewsen
dc.identifier.startpage1en
dc.identifier.urihttps://hdl.handle.net/10468/17313
dc.language.isoenen
dc.publisherJohn Wiley & Sons, Inc.en
dc.relation.ispartofInternational Journal of Management Reviewsen
dc.rights© 2025, the Author(s). International Journal of Management Reviews published by British Academy of Management and John Wiley & Sons Ltd. This is an open access article under the terms of the Creative Commons Attribution-NonCommercial-NoDerivs License, which permits use and distribution in any medium, provided the original work is properly cited, the use is non-commercial and no modifications or adaptations are made.en
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/en
dc.subjectInternational business researchen
dc.subjectGeopoliticsen
dc.subjectMultinational enterprise (MNE)en
dc.subjectStrategic decision-makingen
dc.titleHow do multinational enterprises respond to geopolitics? A review and research agendaen
dc.typeArticle (peer-reviewed)en
dc.typejournal-articleen
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