{"id":"https://openalex.org/W4384698562","doi":"https://doi.org/10.1002/smj.3537","title":"The octopus that shrank: A historical analysis of how multinationals address policy and contractual uncertainty in a global value chain","display_name":"The octopus that shrank: A historical analysis of how multinationals address policy and contractual uncertainty in a global value chain","publication_year":2023,"publication_date":"2023-07-18","ids":{"openalex":"https://openalex.org/W4384698562","doi":"https://doi.org/10.1002/smj.3537"},"language":"en","primary_location":{"id":"doi:10.1002/smj.3537","doi":"https://doi.org/10.1002/smj.3537","is_oa":true,"landing_page_url":"https://doi.org/10.1002/smj.3537","pdf_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1002/smj.3537","source":{"id":"https://openalex.org/S102949365","display_name":"Strategic Management Journal","issn_l":"0143-2095","issn":["0143-2095","1097-0266"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-1-star","ft50","jufo-3","norway-2","poland-200","russia-white-list-1","utd24","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Strategic Management Journal","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"hybrid","oa_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1002/smj.3537","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5011154552","display_name":"Marcelo Bucheli","orcid":"https://orcid.org/0000-0001-6897-941X","observed_orcids":["https://orcid.org/0000-0001-6897-941X"]},"institutions":[{"id":"https://openalex.org/I157725225","display_name":"University of Illinois Urbana-Champaign","ror":"https://ror.org/047426m28","country_code":"US","type":"education","lineage":["https://openalex.org/I157725225"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Marcelo Bucheli","raw_affiliation_strings":["Gies College of Business, University of Illinois at Urbana-Champaign, Champaign, Illinois, USA"],"raw_orcid":"https://orcid.org/0000-0001-6897-941X","affiliations":[{"raw_affiliation_string":"Gies College of Business, University of Illinois at Urbana-Champaign, Champaign, Illinois, USA","institution_ids":["https://openalex.org/I157725225"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5035781074","display_name":"Luciano Ciravegna","orcid":"https://orcid.org/0000-0002-1987-8054","observed_orcids":["https://orcid.org/0000-0002-1987-8054"]},"institutions":[{"id":"https://openalex.org/I68932946","display_name":"Instituto Centroamericano de Administraci\u00f3n de Empresas","ror":"https://ror.org/04j2q1352","country_code":"CR","type":"education","lineage":["https://openalex.org/I68932946"]}],"countries":["CR"],"is_corresponding":false,"raw_author_name":"Luciano Ciravegna","raw_affiliation_strings":["INCAE Business School, Alajuela, Costa Rica"],"raw_orcid":"https://orcid.org/0000-0002-1987-8054","affiliations":[{"raw_affiliation_string":"INCAE Business School, Alajuela, Costa Rica","institution_ids":["https://openalex.org/I68932946"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5072679481","display_name":"Luis Felipe S\u00e1enz","orcid":"https://orcid.org/0000-0002-5594-7539","observed_orcids":["https://orcid.org/0000-0002-5594-7539"]},"institutions":[{"id":"https://openalex.org/I155781252","display_name":"University of South Carolina","ror":"https://ror.org/02b6qw903","country_code":"US","type":"education","lineage":["https://openalex.org/I155781252"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Luis Felipe S\u00e1enz","raw_affiliation_strings":["Department of Economics, University of South Carolina, Columbia, South Carolina, USA"],"raw_orcid":"https://orcid.org/0000-0002-5594-7539","affiliations":[{"raw_affiliation_string":"Department of Economics, University of South Carolina, Columbia, South Carolina, USA","institution_ids":["https://openalex.org/I155781252"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5011154552"],"corresponding_institution_ids":["https://openalex.org/I157725225"],"apc_list":{"value":3860,"currency":"USD","value_usd":3860},"apc_paid":{"value":3860,"currency":"USD","value_usd":3860},"fwci":6.6565,"has_fulltext":true,"cited_by_count":31,"citation_normalized_percentile":{"value":0.96274715,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":97,"max":100},"biblio":{"volume":"44","issue":"13","first_page":"3289","last_page":"3323"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10415","display_name":"International Business and FDI","score":0.7939000129699707,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10415","display_name":"International Business and FDI","score":0.7939000129699707,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11912","display_name":"Outsourcing and Supply Chain Management","score":0.10369999706745148,"subfield":{"id":"https://openalex.org/subfields/1404","display_name":"Management Information Systems"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11552","display_name":"Global trade, sustainability, and social impact","score":0.09600000083446503,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/multinational-corporations","display_name":"multinational corporations","score":0.9359999895095825},{"id":"https://openalex.org/keywords/global-value-chains","display_name":"global value chains","score":0.9129999876022339},{"id":"https://openalex.org/keywords/vertical-integration","display_name":"vertical integration","score":0.9789999723434448},{"id":"https://openalex.org/keywords/bargaining-power","display_name":"bargaining power","score":0.7789999842643738},{"id":"https://openalex.org/keywords/institutional-context","display_name":"institutional environment","score":0.7250000238418579},{"id":"https://openalex.org/keywords/policy-uncertainty","display_name":"policy uncertainty","score":0.7070000171661377},{"id":"https://openalex.org/keywords/banana-industry","display_name":"banana industry","score":0.6980000138282776},{"id":"https://openalex.org/keywords/expropriation","display_name":"expropriation","score":0.6700000166893005},{"id":"https://openalex.org/keywords/asset-protection","display_name":"asset protection","score":0.5120000243186951},{"id":"https://openalex.org/keywords/economic-nationalism","display_name":"economic nationalism","score":0.8349999785423279},{"id":"https://openalex.org/keywords/host-government-relations","display_name":"host government relations","score":0.4959999918937683}],"concepts":[{"id":"https://openalex.org/C48057960","wikidata":"https://www.wikidata.org/wiki/Q2625018","display_name":"Bargaining power","level":2,"score":0.7725005149841309},{"id":"https://openalex.org/C158016649","wikidata":"https://www.wikidata.org/wiki/Q161726","display_name":"Multinational corporation","level":2,"score":0.7677651643753052},{"id":"https://openalex.org/C2778764706","wikidata":"https://www.wikidata.org/wiki/Q17154120","display_name":"Global value chain","level":3,"score":0.5997079014778137},{"id":"https://openalex.org/C106866004","wikidata":"https://www.wikidata.org/wiki/Q264259","display_name":"Economic rent","level":2,"score":0.5980125665664673},{"id":"https://openalex.org/C181169782","wikidata":"https://www.wikidata.org/wiki/Q1571520","display_name":"Vertical integration","level":2,"score":0.566207766532898},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.5457448959350586},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5357605218887329},{"id":"https://openalex.org/C2776291640","wikidata":"https://www.wikidata.org/wiki/Q2912517","display_name":"Value (mathematics)","level":2,"score":0.5270773768424988},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.4961563050746918},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.47190457582473755},{"id":"https://openalex.org/C107666737","wikidata":"https://www.wikidata.org/wiki/Q646107","display_name":"Value chain","level":3,"score":0.4289205074310303},{"id":"https://openalex.org/C126831891","wikidata":"https://www.wikidata.org/wiki/Q221673","display_name":"Host (biology)","level":2,"score":0.41235750913619995},{"id":"https://openalex.org/C74363100","wikidata":"https://www.wikidata.org/wiki/Q273005","display_name":"Economic system","level":1,"score":0.36083847284317017},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.3585353195667267},{"id":"https://openalex.org/C155202549","wikidata":"https://www.wikidata.org/wiki/Q178803","display_name":"International trade","level":1,"score":0.31256383657455444},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.1824888288974762},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.15447133779525757},{"id":"https://openalex.org/C76474335","wikidata":"https://www.wikidata.org/wiki/Q215551","display_name":"Comparative advantage","level":2,"score":0.12944388389587402},{"id":"https://openalex.org/C108713360","wikidata":"https://www.wikidata.org/wiki/Q1824206","display_name":"Supply chain","level":2,"score":0.10635149478912354},{"id":"https://openalex.org/C162853370","wikidata":"https://www.wikidata.org/wiki/Q39809","display_name":"Marketing","level":1,"score":0.10243958234786987},{"id":"https://openalex.org/C18903297","wikidata":"https://www.wikidata.org/wiki/Q7150","display_name":"Ecology","level":1,"score":0.0},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1002/smj.3537","doi":"https://doi.org/10.1002/smj.3537","is_oa":true,"landing_page_url":"https://doi.org/10.1002/smj.3537","pdf_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1002/smj.3537","source":{"id":"https://openalex.org/S102949365","display_name":"Strategic Management Journal","issn_l":"0143-2095","issn":["0143-2095","1097-0266"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-1-star","ft50","jufo-3","norway-2","poland-200","russia-white-list-1","utd24","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Strategic Management Journal","raw_type":"journal-article"}],"best_oa_location":{"id":"doi:10.1002/smj.3537","doi":"https://doi.org/10.1002/smj.3537","is_oa":true,"landing_page_url":"https://doi.org/10.1002/smj.3537","pdf_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1002/smj.3537","source":{"id":"https://openalex.org/S102949365","display_name":"Strategic Management Journal","issn_l":"0143-2095","issn":["0143-2095","1097-0266"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-1-star","ft50","jufo-3","norway-2","poland-200","russia-white-list-1","utd24","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Strategic Management Journal","raw_type":"journal-article"},"sustainable_development_goals":[{"display_name":"Peace, justice, and strong institutions","score":0.8999999761581421,"id":"https://metadata.un.org/sdg/16"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W4384698562.pdf","grobid_xml":"https://content.openalex.org/works/W4384698562.grobid-xml"},"referenced_works_count":92,"referenced_works":["https://openalex.org/W198988817","https://openalex.org/W231555707","https://openalex.org/W570294375","https://openalex.org/W603916660","https://openalex.org/W607656038","https://openalex.org/W629285596","https://openalex.org/W1532603064","https://openalex.org/W1537615594","https://openalex.org/W1567942201","https://openalex.org/W1593724753","https://openalex.org/W1684540946","https://openalex.org/W1861184117","https://openalex.org/W1969860622","https://openalex.org/W1972107207","https://openalex.org/W1978910039","https://openalex.org/W1981158134","https://openalex.org/W1981492647","https://openalex.org/W1984906262","https://openalex.org/W1994949856","https://openalex.org/W1996384550","https://openalex.org/W1997328790","https://openalex.org/W2000509357","https://openalex.org/W2002209968","https://openalex.org/W2009731632","https://openalex.org/W2012235630","https://openalex.org/W2015728535","https://openalex.org/W2028585818","https://openalex.org/W2034683197","https://openalex.org/W2039717151","https://openalex.org/W2045660801","https://openalex.org/W2049663007","https://openalex.org/W2059815300","https://openalex.org/W2072456815","https://openalex.org/W2073603552","https://openalex.org/W2079842454","https://openalex.org/W2082006326","https://openalex.org/W2089990048","https://openalex.org/W2090871528","https://openalex.org/W2100395418","https://openalex.org/W2108883043","https://openalex.org/W2119644075","https://openalex.org/W2120222845","https://openalex.org/W2125355256","https://openalex.org/W2126532881","https://openalex.org/W2140186410","https://openalex.org/W2140260340","https://openalex.org/W2144208465","https://openalex.org/W2148428397","https://openalex.org/W2325269574","https://openalex.org/W2335082648","https://openalex.org/W2495332204","https://openalex.org/W2522234190","https://openalex.org/W2583122729","https://openalex.org/W2742481286","https://openalex.org/W2753242768","https://openalex.org/W2773469510","https://openalex.org/W2795931546","https://openalex.org/W2797981174","https://openalex.org/W2807899211","https://openalex.org/W2884799146","https://openalex.org/W2950521430","https://openalex.org/W2993662129","https://openalex.org/W2994018634","https://openalex.org/W2995690847","https://openalex.org/W2999009322","https://openalex.org/W2999625201","https://openalex.org/W3003654885","https://openalex.org/W3009851662","https://openalex.org/W3040408736","https://openalex.org/W3091809528","https://openalex.org/W3096608420","https://openalex.org/W3121368101","https://openalex.org/W3121971504","https://openalex.org/W3121983104","https://openalex.org/W3122204504","https://openalex.org/W3123165054","https://openalex.org/W3154866140","https://openalex.org/W3171988876","https://openalex.org/W3174026156","https://openalex.org/W3176373626","https://openalex.org/W3190644561","https://openalex.org/W3197339827","https://openalex.org/W3217484416","https://openalex.org/W4211172382","https://openalex.org/W4239554493","https://openalex.org/W4248397140","https://openalex.org/W4297813569","https://openalex.org/W4298963597","https://openalex.org/W4299337246","https://openalex.org/W4301935132","https://openalex.org/W4309078355","https://openalex.org/W4312192787"],"related_works":["https://openalex.org/W1532603064","https://openalex.org/W7095068790","https://openalex.org/W7169530413","https://openalex.org/W7111996778","https://openalex.org/W2354186850","https://openalex.org/W2910969558","https://openalex.org/W4416000802","https://openalex.org/W422903466","https://openalex.org/W7112387594","https://openalex.org/W4283826994"],"abstract_inverted_index":{"Abstract":[0],"Research":[1],"Summary":[2,121],"We":[3,29,46,93,209],"analyze":[4,94],"how":[5],"the":[6,9,14,36,39,55,71,80,95,105,111,212,221,242],"evolution":[7,37,96],"of":[8,18,38,77,97,104,107,110,169,215],"broad":[10],"institutional":[11,81,112],"environment":[12],"influences":[13],"vertical":[15,125,207],"integration":[16,126],"strategy":[17],"a":[19,24,31,50,63,86,102,129],"multinational":[20],"corporation":[21],"(MNC)":[22],"leading":[23],"global":[25,130],"value":[26,131],"chain":[27,132],"(GVC).":[28],"develop":[30],"history\u2010to\u2010theory":[32],"study":[33,123],"based":[34],"on":[35],"banana":[40],"GVC":[41],"between":[42],"1899":[43],"and":[44,117,197,224],"1991.":[45],"argue":[47],"that":[48,66,89,143,168,211],"when":[49,144],"MNC's":[51,72,98],"bargaining":[52,73,99,149,186,213,232],"power":[53,74,100,150,187,214,233],"vis\u2010\u00e0\u2010vis":[54],"host":[56,118,162,225],"government":[57,159],"is":[58,167],"strong,":[59],"it":[60,83],"will":[61,84],"choose":[62],"governance":[64,87],"structure":[65,88],"addresses":[67],"contractual":[68],"uncertainty.":[69],"When":[70,184],"declines":[75,234],"because":[76],"changes":[78,217],"in":[79,128,161,235],"environment,":[82],"prioritize":[85],"protects":[90],"its":[91,135],"assets.":[92],"as":[101,173,175,218,241],"result":[103],"interaction":[106],"three":[108],"levels":[109,227],"environment:":[113],"global,":[114,222],"home":[115],"country,":[116],"country.":[119],"Managerial":[120],"Our":[122],"examines":[124],"decisions":[127],"(GVC)":[133],"throughout":[134],"historical":[136,139],"evolution.":[137],"Using":[138],"sources,":[140],"we":[141],"show":[142],"MNC":[145],"managers":[146],"perceive":[147],"their":[148,164,171,185,195],"to":[151,154],"be":[152],"sufficient":[153],"protect":[155],"them":[156],"from":[157,199,206],"hostile":[158],"actions":[160],"countries,":[163],"main":[165],"concern":[166],"governing":[170],"activities":[172],"efficiently":[174],"possible":[176],"by":[177,201],"amongst":[178],"others":[179],"vertically":[180],"integrating":[181],"asset\u2010specific":[182],"transactions.":[183],"declines,":[188],"MNCs":[189,216],"become":[190],"more":[191],"concerned":[192],"with":[193],"shielding":[194],"assets":[196],"rents":[198],"expropriations":[200],"host\u2010country":[202],"governments,":[203],"thus":[204],"retreating":[205],"integration.":[208],"illustrate":[210],"events":[219],"at":[220],"home,":[223],"country":[226],"unfold.":[228],"For":[229],"example,":[230],"MNCs'":[231],"periods":[236],"featuring":[237],"economic":[238],"nationalism,":[239],"such":[240],"1960s\u20131970s.":[243]},"counts_by_year":[{"year":2026,"cited_by_count":12},{"year":2025,"cited_by_count":11},{"year":2024,"cited_by_count":4},{"year":2023,"cited_by_count":4}],"updated_date":"2026-10-30T12:39:25.321706","created_date":"2023-07-20T00:00:00"}