RESUMO A literatura dominante sobre negócios internacionais tem desempenhado um papel fundamental em um processo internacional assimétrico ao priorizar o poder hegemônico e o domínio dos países desenvolvidos. As práticas desse imperialismo, especialmente por empresas multinacionais, estão tradicionalmente enraizadas em legados coloniais. Este artigo, portanto, tem como objetivo revisar a pesquisa teórica e empírica sobre negócios internacionais sob a perspectiva crítica do pós-colonialismo. Os resultados mostram que as empresas multinacionais possuem vantagens sobre o país anfitrião, sugerindo, ainda, traços de domínio entre colonizadores e ex-colônias. Especificamente, os resultados mostram que tópicos sobre linguagem, escravidão, mecanismos de controle e imperialismo e capitalismo são dominantes no campo dos negócios internacionais, sugerindo um forte efeito do colonialismo histórico nas atividades comerciais internacionais. A análise crítica fundamentada em perspectivas pós-coloniais e de negócios internacionais chama a atenção para algumas vertentes negligenciadas, senão intocadas, com lacunas substanciais no conhecimento prevalente, abrindo novos caminhos para pesquisas futuras. desenvolvidos coloniais artigo portanto póscolonialismo. póscolonialismo pós colonialismo. pós-colonialismo anfitrião ainda excolônias. excolônias ex colônias. colônias ex-colônias Especificamente linguagem escravidão póscoloniais negligenciadas intocadas prevalente futuras

RESUMEN La literatura dominante sobre negocios internacionales ha jugado un papel clave en un proceso internacional asimétrico al priorizar el poder hegemónico y el dominio de los países desarrollados. Las prácticas de este imperialismo, especialmente por parte de empresas multinacionales, están tradicionalmente arraigadas en legados coloniales. Este artículo, por lo tanto, tiene como objetivo revisar la investigación teórica y empírica sobre los negocios internacionales desde la perspectiva crítica del poscolonialismo. Los hallazgos muestran que las empresas multinacionales poseen ventajas sobre su país anfitrión, lo que sugiere más rastros de dominio entre los colonizadores y las excolonias. Específicamente, los hallazgos muestran que los temas relacionados con el idioma, la esclavitud, los mecanismos de control, el imperialismo y el capitalismo son dominantes en el campo de los negocios internacionales, lo que sugiere un fuerte efecto del colonialismo histórico en las actividades comerciales internacionales. El análisis crítico basado en las perspectivas poscoloniales y de negocios internacionales llama la atención sobre algunos aspectos descuidados, si no intactos, con brechas sustanciales en el conocimiento predominante, abriendo nuevas vías para futuras investigaciones. desarrollados coloniales artículo tanto poscolonialismo anfitrión excolonias Específicamente idioma esclavitud control descuidados intactos predominante investigaciones

ABSTRACT The mainstream literature on international business has played a key role in an asymmetric international process by prioritizing hegemonic power and dominance of developed countries. Practices of this Imperialism, especially by multinational companies, are traditionally rooted in colonial legacies. This article reviews the theoretical and empirical research on international business from the critical perspective of post-colonialism. The findings show that multinational enterprises possess advantages over their host country, suggesting further traces of dominance between colonizers and former colonies. Specifically, findings show that topics around language, slavery, control mechanisms, imperialism, and capitalism are dominant in the field of international business, suggesting a strong effect of historical colonialism on international business activities. The critical analysis grounded on post-colonial and international business perspectives draw attention to some neglected, if not untouched, strands with substantial gaps in the prevalent knowledge, opening new avenues for future research. countries Imperialism companies legacies postcolonialism. postcolonialism post colonialism. post-colonialism country colonies Specifically language slavery mechanisms imperialism activities postcolonial neglected untouched knowledge

Abstract Purpose The aim of this study was to investigate how the productivity spillover effects of foreign direct investment (FDI) in the Latin American economies are manifested. Specifically, the paper sought to identify the role of foreign presence and government intervention through an industrial policy on total factor productivity in Latin American countries. Design/methodology/approach The analyses in this study were performed in two stages. The first step consisted of decomposing the total factor productivity growth, in technical efficiency change (EC) and technological efficiency change (TC), using the Malmquist Productivity Index (MPI). In the second stage of this research, the specific EC and TC indexes of each country – obtained with the MPI – are used alternately as a dependent variable in a regression analysis with dynamic panel data. The variables were collected from the World Development Indicators database, available in the World Bank database, and cover the period from 1994 to 2014. Findings FDI has contributed to not only the catch-up effect – i.e. to continuous improvements in production processes and products using the same technology – but also in terms of productivity, due to technological innovations and the frontier-shift effect. Industrial policies, such as the FDI attraction, when established in isolation, are not able to contribute to the generation of productivity spillovers, measured in terms of technical and technological efficiency. Research limitations/implications The limitation of the present study lies precisely in the nature of data aggregation that actually limits a more in-depth analysis of the object of study. The available data set for the analysis in this study does not provide a detailed examination of the domestic corporations’ characteristics, the sectors and motivations of multinational corporations of each one of the analyzed economies. Practical implications The outcomes of this research present several practical implications, as its development is based on the recognition that productivity is essential for the development of a country. It remains the Achilles' heel of the Latin American economies, and therefore, it is necessary and essential to move toward a change in its development model and, more specifically, in its industrial policies, with a focus on investment and innovation to achieve the new sustainable development objectives. Among the main challenges presented to governments in the region is the emergence of policies aimed at establishing a sustainable development path through industrial policies capable of accelerating productivity growth. Social implications The evidence presented in this study highlights the importance of better understanding the real effects of state intervention through the use of industrial policy instruments and how they affect foreigners’ investment decisions, as the lack of clear industrial policy orientation that is systematically integrated with MNEs’ operations may result in economic development opportunities below the ideal. Originality/value The research results corroborate the foundations of spillover effects theory and with the recognition that the intensity of the effect of the foreign participation on the performance of economies will depend on the absorption capacity of host economies.

Resumo A escolha de uma empresa para fazer parte da listagem do DJSI gera uma série de expectativas quanto aos benefícios advindos dessa conquista. Espera-se que o investimento no desenvolvimento sustentável e a consequente inclusão da empresa nesse seleto grupo traga benefícios econômicos e estratégicos refletidos na valorização da empresa no mercado. Entretanto, a relação entre desempenho socioambiental e desempenho financeiro é bastante complexa. Nesse contexto, o objetivo deste estudo é verificar se a inclusão de uma empresa na listagem do DJSI, o que pressupõe alta performance socioambiental, proporciona maior retorno financeiro para ela. O estudo de evento é utilizado como metodologia para investigar a existência de retornos anormais quando a informação sobre a inclusão da empresa na listagem é divulgada, analisando-se a hipótese de que o mercado tem expectativas positivas quanto à participação no DJSI. Participaram do estudo 123 empresas que constam na listagem do DJSI, edição 2013/2014, e comercializam suas ações na Bolsa de Valores de Nova York. Os resultados alcançados apontam para um efeito nulo, não se confirmando a hipótese de maior retorno devido à inclusão no DJSI, mas também não indicando uma redução no desempenho financeiro associada a esse fato.

Abstract Choosing an enterprise that will be part of Dow Jones Sustainability Index (DJSI) raises some expectations concerning this conquest benefits. We hope that the investment on sustainable development and the inclusion of the company in this select group bring economic and strategic benefits that can reflect in the company market valorization. However, the correlation between social, environmental and financial development is quite complex. In this context, this paper aims to verify whether the inclusion of an enterprise in DSJI list, which presupposes a high social and environmental performance, provides it with greater financial return. We use the case study method in order to investigate the existence of abnormal returns when disclosing the information of the company inclusion in the list, as well to analyze the hypothesis that market has positive expectations concerning to DSJI participation. This study included one hundred and fifty-four companies listed in DSJI that trade their shares on the New York Stock. The results show no effect and do not confirm the greater return hypothesis, but neither do they indicate a reduction in financial performance associated do this fact.

The increasing importance of foreign direct investment (FDI) to international production has prompted considerable interest in its real effects on host economies all over the world. The aim of this study was investigate whether the presence of FDI produces productivity spillovers in Brazilian processing industries. We conduct our analysis using a panel database on twenty-three Brazilian processing industries and applied Moderated Multiple Regression (MMR) and Generalized Linear Models (GLM) analysis of variance to address potential spillover effects from foreign presence. This paper finds evidences of the coexistence of both positive and negative effects arising from FDI on the productivity of Brazilian industries. We found negative effects for FDI presence in labor-intensive industries. Furthermore, FDI benefits depend on the absorptive capacity of industries, confirming the hypothesis that a minimum level of absorptive capacity is required so that locally owned enterprises (LOEs) can benefit from foreign presence.