International Political Risk Management: Perspectives, Approaches and Emerging Agendas

John, Anna and Lawton, Thomas C. (2018). International Political Risk Management: Perspectives, Approaches and Emerging Agendas. International Journal of Management Reviews, 20(4) pp. 847–879.

DOI: https://doi.org/10.1111/ijmr.12166

Abstract

This paper reviews the extant and emerging perspectives on, and approaches to, political risk management, particularly in the context of foreign direct investment. The authors identify and classify the various theoretical lenses in the domain of political risk management, and suggest a future research agenda. The paper contributes by conceptually categorizing and mapping the extant research onto three approaches to the management of political risk. Through conducting a narrative literature review, the authors suggest three theoretical perspectives on political risk management: institutions; resources and capabilities; and resource dependence. They argue that the institutions approach to political risk management is reactive, responding to external stimuli, whereas the resources- and capabilities-based approach is proactive, preparing and acting in anticipation. The resource dependence domain offers an intermediate approach – the active management of political risk. The authors also suggest that the effectiveness of the domains’ approaches may vary across different national contexts.

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About

• Item ORO ID
• 52348
• Item Type
• Journal Item
• ISSN
• 1468-2370
• Academic Unit or School
• Faculty of Business and Law (FBL) > Business > Department for Strategy and Marketing
  Faculty of Business and Law (FBL) > Business
  Faculty of Business and Law (FBL)
• Copyright Holders
• © 2017 British Academy of Management and John Wiley & Sons Ltd.
• Depositing User
• Anna John