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When it comes to events that have marked turning points in the relationship between global governance and business history, I have focused on the role of international crises to understand the forces shaping relations between firms, states, and global governance frameworks. Such an approach stems from the fact that I am primarily an historian of international relations, and much of my research and writing is concentrated on European and global history in the period from about 1880 to 1950. For me, the origins and course of the two world wars and the Cold War have been as important as crises of capitalism, such as the Great Depression.
While previous research has identified the performance implications of leaders’ positive implicit followership theories (IFTs, i.e., personal expectations regarding followers’ positive characteristics), this study focuses on the effect of leader–follower congruence in positive IFTs on followers’ job performance. To test our predictions, we conducted two complementary studies. The results of Study 1 (an experiment, N = 200) show that leader–follower congruence (versus incongruence) in positive IFTs is positively related to followers’ relational identification with the leader, which, in turn, is positively related to followers’ job performance. Moreover, followers’ uncertainty avoidance strengthens this relationship. These findings were replicated in Study 2 (a three-wave survey, N = 223) through polynomial regression and response surface analysis. This study improves our understanding of IFTs by showing that leader–follower congruence in this domain is related to followers’ outcomes.
Grounded in the organizational legitimacy perspective, this study examines the influence of formal institutional distance (FID) on the entry mode choice of Japanese cross-border acquirers. By disaggregating the FID variable using the Worldwide Governance Indicators, we provide a nuanced understanding of the relationship between FID dimensions and acquisition behavior. We find that out of the six disaggregated FID measures, three dimensions significantly impact acquisition decisions. Specifically, FID related to ‘regulatory quality’ and ‘control of corruption’ negatively affects the likelihood of full acquisitions, while FID related to the ‘rule of law’ positively influences full acquisitions. Our findings challenge the use of aggregated measures and highlight the importance of considering institutional variations. Japanese acquirers demonstrate a preference for higher control in uncertain legal environments. This study contributes to the literature by offering insights into the specific FID dimensions that drive the choice between partial and full acquisitions for Japanese firms.