Person: Skousen, Bradley
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Bradley
Last Name
Skousen
Affiliation
IE University
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IE Business School
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Entrepreneurship
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Publication The efficiency and market-power interpretations of the multinational enterprise: Two out of three ain't bad(John Wiley and Sons Inc, 2021) Clougherty, Joseph; Skousen, Bradley; https://ror.org/02jjdwm75Research Summary: We contend that contemporary scholarship must embrace the foundational approach in global business and strategy to consider the relevance of both efficiency and market-power effects in factoring the implications of multinational activity. We empirically test the degree to which efficiency and market-power effects manifest in a comprehensive sample of 4,370 cross-border acquisitions materializing between 1986 and 2010. Specifically,we employ three different measurement approaches to distinguish efficiency enhancing from market-power increasing cross-border acquisitions. Empirical results indicate that efficiency enhancing transactions manifest in two-thirds and market-power increasing transactions manifest in one-third of our sampled activities. Accordingly,our results affirm the literature's focus on efficiency effects,yet market-power effects are sufficiently sizable to merit scholarly attention. Managerial Summary: Contemporary wisdom generally considers multinational activities to be characterized by efficiency properties. While it is understood that market power may manifest in multinational activity,most observers implicitly assume that anti-competitive effects are dominated by more-healthy efficiency effects. Yet,the justification behind the prior that efficiency effects dominate market-power effects is not evident,as multinational activities conceivably involve substantial market power. Accordingly,we test the received wisdom regarding the dominance of efficiency effects in an extensive sample of cross-border investments. Our empirical results affirm prevailing assumptions as efficiency enhancing transactions constitute the majority of cross-border investment activities. However,market-power increasing transactions manifest as a sizable minority of cross-border investments; thus,market-power effects should not be neglected. © 2019 The Authors. Global Strategy Journal published by John Wiley & Sons Ltd on behalf of Strategic Management Society.Publication The Significance of Whistleblowing as an Anti-Fraud Measure(2018) Skousen, Bradley; Albrecht, Chad; Holland, Daniel; Skousen, Christopher; https://ror.org/02jjdwm75-Publication Institutions and Entrepreneurial Activity: The Interactive Influence of Misaligned Formal and Informal Institutions(Informs, 2018-06-15) Skousen, Bradley; Cheng, Joseph; Eberhart, Robert; Eesley, Charles; https://ror.org/02jjdwm75We contribute to the institutions and entrepreneurship literature by examiningthe interactive influence of formal and informal institutions on new business creation,survival, and growth. Prior literature demonstrates how formal and informal institutionsshape the level of entrepreneurship. This paper extends this to examine the cases whenformal and informal institutions conflict with one another to cast an analytic eye on whycountries differ in the type of entrepreneurial activity in terms of entry, survival, andgrowth. We argue that national and regional differences can be better explained by theinteractive influence of formal and informal institutions. Moreover, we argue that infor-mal institutions dominate formal institutions due to the former’s characteristics of deepembeddedness and resistance to change over time. These ideas are presented and summa-rized into a typology of institutional effects on entrepreneurship activity depending on thecombination of formal and informal institutions. The paper concludes with implicationsfor future theory and research on the joint influence of different institutional effects andparticularly on the intersection between institutions and entrepreneurship.