Industrial policy environments and the flourishing of African multinational enterprises

ACET 2014. African Transformation Report 2014: Growth with DEPTH, The Africa Center for Economic Transformation, available at https://acetforafrica.org/research-and-analysis/reports-studies/atr/africantransformation-report-2014/ Ackah, C., & Morrissey, O. 2005. Trade policy and performance in Sub-Saharan Africa since the 1980s, CREDIT Research Paper, No. 05/13. Nottingham: The University of Nottingham, Centre for Research in Economic Development and International Trade (CREDIT). African Union. N.D. Agenda 2063: The Africa We Want. https://au.int/en/agenda2063/overview. Accessed 26 January 2023. Agarwal, R. 2023. Industrial policy and the growth strategy trilemma. International Monetary Fund, Washington DC. Aguinis, H., Jensen, S. H., & Kraus, S. 2022. Policy implications of organizational behavior and human resource management research. Academy of Management Perspectives, 36(3), 857–878. Aiginger, K., & Sieber, S. 2006. The matrix approach to industrial policy. International Review of Applied Economics, 20(5), 573–601. Amaeshi, K., & Idemudia, U. 2015. Africapitalism: A management idea for business in Africa. Africa Journal of Management, 1(2), 210–223. Amsden, A. H. 1990. Third world industrialization: ‘Global Fordism’ or a new model? New Left Review, 182(5), 5–32. Amsden, A. H. 2001. The rise of “the rest”: Challenges to the west from late-industrializing economies. Oxford, USA: Oxford University Press. Amsden, A. H. 2007. The tyranny of empire: Another view of development. Challenge, 50(5), 17–27. Amsden, A. H. 2009. Escape from empire: The developing world’s journey through heaven and hell. Cambridge: MIT Press. Amungo, E. 2020. The rise of the African multinational enterprise (AMNE): The Lions accelerating the development of Africa. Switzerland: Springer. Amusan, L. 2018. Multinational corporations’ (MNCs) engagement in Africa: Messiahs or hypocrites? Journal of African Foreign Affairs, 5(1), 41–62. Areneke, G., & Kimani, D. 2019. Value relevance of multinational directorship and cross-listing on MNEs national governance disclosure practices in Sub-Saharan Africa: Evidence from Nigeria. Journal of World Business, 54(4), 285–306. Atwoli, L., Erhabor, G. E., Gbakima, A. A., Haileamlak, A., Ntumba, J. M. K., Kigera, J., & Zielinski, C. 2022. COP27 Climate Change Conference: Urgent action needed for Africa and the world. The Lancet Oncology, 23(12), 1486–1488. Axford, B. 2013. Theories of globalization. Cambridge, UK: Polity Press. Ayuk, E., & Marouani, M. A. (Eds.). 2007. The policy paradox in Africa: Strengthening links between economic research and policymaking. Ottawa: IDRC. Bafuwa, O. B. 2017. Energy benchmarking and carbon footprint reduction opportunities in Portland cement manufacturing processes in Nigeria (Doctoral dissertation). Bakker, A. B., & Schaufeli, W. B. 2008. Positive organizational behavior: Engaged employees in flourishing organizations. Journal of Organizational Behavior, 29(2), 147–154. Bal, P. M., & de Jong, S. B. 2017. From human resource management to human dignity development: A dignity perspective on HRM and the role of workplace democracy. Dignity and the Organization, 15, 173–195. Bardhan, P. 1997. Corruption and development: A review of issues. Journal of Economic Literature, 35(3), 1320–1346. Barnard, H., Cuervo-Cazurra, A., & Manning, S. 2017. Africa business research as a laboratory for theory-building: Extreme conditions, new phenomena, and alternative paradigms of social relationships. Management and Organization Review, 13(3), 467–495. Bassong, M. 2008. La méthode de la philosophie africaine: De l’expression de la pensée complexe en Afrique noire. La Méthode De La Philosophie Africaine, 25, 1–130. Bennett, N., & Lemoine, G. J. 2014. What a difference a word makes: Understanding threats to performance in a VUCA world. Business Horizons, 57(3), 311–317. Bigsten, A., Kimuyu, P., & Söderbom, M. 2010. The manufacturing sector. Policies for Prosperity. Oxford: Oxford University Press and Central Bank of Kenya. Brown, M. B. 2019. Africa’s choices: After thirty years of the World Bank. New York: Routledge. Bynum, T. W. 2006. Flourishing ethics. Ethics and Information Technology, 8(4), 157–173. Calderón, C. 2009. Infrastructure and Growth in Africa. World Bank Policy Working Paper No. 4914. Calderón, C., & Chong, A. 2004. Volume and quality of infrastructure and the distribution of income: An empirical investigation. Review of Income and Wealth, 50, 87–105. Calderón, C., & Servén, L. 2004. The effects of infrastructure development on growth and income distribution. Policy Research Working Paper 3400. World Bank, Washington, DC. Cameron, K., & Whetten, D. 1983. Organizational effectiveness: one model or several? In K. Cameron & D. Whetten (Eds.), Organizational effectiveness: A comparison of multiple methods: 1–24. New York: Academic Press. Cantah, G. W., Brafu-Insaidoo, G. W., Wiafe, E. A., & Adams, A. 2018. FDI and trade policy openness in Sub-Saharan Africa. Eastern Economic Journal, 44(1), 97–116. Cantwell, J., Dunning, J. H., & Lundan, S. M. 2010. An evolutionary approach to understanding international business activity: The co-evolution of MNEs and the institutional environment. Journal of International Business Studies, 41(4), 567–586. Caprara, G. V., Alessandri, G., Eisenberg, N., et al. 2012. The positivity scale. Psychological Assessment., 24(3), 701–712. Castrogiovanni, G. J. 1991. Environmental munihcence: A theoretical assessment. Academy of Management Review, 16(3), 542–565. Chang, H. J., Hauge, J., & Irfan, M. 2016. Transformative industrial policy for Africa. Addis Ababa: Economic Commission for Africa. Chick, M. 2017. Industrial policy in Britain since 1970: Changing values, assumptions and mechanisms. Jahrbuch für Wirtschaftsgeschichte, 58(1), 35–57. Chick, V. 2018. Industrial policy, then and now. Real-World Economics Review, 84, 178–188. Chrysostome, E. 2022. Scrutinizing emerging markets and exploring the impact of paradigms on knowledge production in international business. Journal of Comparative International Management, 25(1), 1–8. Coetzee, J. P. 1978. Technical potential in Africa: The industrialization of Africa. Transactions of the South African Institute of Electrical Engineers, 69(1), 2–7. Collier, P., & Gunning, J. W. 1995. Trade policy and regional integration: Implications for the relations between Europe and Africa. World Economy, 18(3), 387–410. Crespo, R. F., & Mesurado, B. 2014. Happiness economics, eudaimonia and positive psychology: From happiness economics to flourishing economics. Journal of Happiness Studies, 16(4), 931–946. Curren, R. 2013. Aristotelian necessities. The Good Society, 22(2), 247–263. Daly, J., & Gereffi, G. 2019. Tourism global value chains and Africa. In R. Newfarmer, J. Page, & F. Tarp (Eds.), Industries without smokestacks: Industrialization in Africa reconsidered: 68–89. Oxford, UK: Oxford University Press. Degbey, W. Y., & Ellis, K. 2019. Diaspora networks in cross-border mergers and acquisitions. In M. Elo & I. Minto-Coy (Eds.), Diaspora networks in international business: perspectives for understanding and managing diaspora business and resources. New York: Springer. Degbey, W. Y., Eriksson, T., Rodgers, P., & Oguji, N. 2021. Understanding cross-border mergers and acquisitions of African firms: The role of dynamic capabilities in enabling competitiveness amidst contextual constraints. Thunderbird International Business Review, 63(1), 77–93. Denison, D. R., & Mishra, A. K. 1995. Toward a theory of organizational culture and effectiveness. Organization Science, 6(2), 204–223. Dicken, P. 2015. Global shift. New York: Guilford Press. Di Maio, M. 2009. Industrial policies in developing countries: History and perspectives. Industrial Policy and Development, 13, 107–143. Doty, D. H., Glick, W. H., & Huber, G. P. 1993. Fit, equifinality, and organizational effectiveness: A test of two configurational theories. Academy of Management Journal, 36(6), 1196–1250. Eby, L. T., & Facteau, D. 2022. Much ado about the lack of policy implications in scholarly journals? Academy of Management Perspectives. https://doi.org/10.5465/amp.2022.0035 Eisenhardt, K. M., Graebner, M. E., & Sonenshein, S. 2016. Grand challenges and inductive methods: Rigor without rigor mortis. Academy of Management Journal, 59(4), 1113–1123. Ellis, K. M., Lamont, B. T., Reus, T. H., & Faifman, L. 2015. Mergers and acquisitions in Africa: A review and an emerging research agenda. Africa Journal of Management, 1(2), 137–171. Elo, M., Rudaz, P., & Chrysostome, E. 2022. Entrepreneurial Internationalization in, from and to Africa- Perspectives and Insights. International Journal of Entrepreneurship and Small Business, forthcoming. Estache, A., Foster, V., & Wodon, Q. 2002. Accounting for poverty in infrastructure reform: Learning from Latin America’s experience. WBI Development Studies. Washington, DC: World Bank. Fischbacher-Smith, D. 2014. Organisational ineffectiveness: Environmental shifts and the transition to crisis. Journal of Organizational Effectiveness: People and Performance, 1(4), 423–446. Frederickson, B. L., & Losada, M. 2005. Positive affect and the complex dynamics of human flourishing. American Psychologist, 60(7), 687–686. Frynas, J. G., Mellahi, K., & Pigman, G. A. 2006. First mover advantages in international business and firm-specific political resources. Strategic Management Journal, 27(4), 321–345. Gebreeyesus, M. 2019. Implications for Ethiopia’s industrialization. In R. Newfarmer, J. Page, & F. Tarp (Eds.), Industries without smokestacks: Industrialization in Africa reconsidered: 170–190. Oxford, UK: Oxford University Press. Gelb, S., Kalantaryan, S., McMahon, S., & Perez-Fernandez, M. 2021. Diaspora finance for development: From remittances to investment. Luxembourg: Publications Office of the European Union. GIHOC Distilleries. N.D. About us. http://gihocdistil.com/about/. Accessed 1 April 2022. Godfrey, P. C. 2011. Toward a theory of the informal economy. Academy of Management Annals, 5(1), 231–277. Haines, R. 2015. National planning, industrial policy and the new statism in contemporary South Africa. In M. Yulek (Ed.), Economic planning and industrial policy in the globalizing economy: 149–178. Switzerland: Springer. Hart, G. P. 1972. Some socio-economic aspects of African entrepreneurship. Doctoral dissertation, Rhodes University. Harvey, M. G. 1995. The MNCs’ role and responsibility in deforestation of tropical forests. Journal of Macromarketing, 15(2), 107–127. Hausmann, R., Rodrik, D., & Sabel, C. 2008. Reconfiguring industrial policy: A framework with an application to South Africa. Working Paper 168, 31 August, Center for International Development, Cambridge, Massachusetts: Harvard University. Hays, S. 1994. Structure and agency and the sticky problem of culture. Sociological Theory, 12(1), 57–72. Hayward, M. L., & Hambrick, D. C. 1997. Explaining the premiums paid for large acquisitions: Evidence of CEO hubris. Administrative Science Quarterly, 42(1), 103–127. Hodson, R. 2001. Dignity at work. Cambridge: Cambridge University Press. Holsti, O. R. 1976. Cognitive process approaches to decision-making: Foreign policy actors viewed psychologically. American Behavioral Scientist, 20(1), 11–32. Honny, L. A. 1982. Economic profitability of state manufacturing enterprises in Ghana: A study of division under the Ghana Industrial Holding Corporation (GIHOC). Cape Coast: University of Cape Coast, Centre for Development Studies. Hornung, J., Bandelow, N. C., & Vogeler, C. S. 2019. Social identities in the policy process. Policy Sciences, 52(2), 211–231. Ibeh, K. 2015. Rising Africa and its nascent multinational corporations. In I. Adeleye, K. Ibeh, & L. White (Eds.), The changing dynamics of international business in Africa. London: Palgrave Macmillan. Ibeh, K. 2018. Why do African multinationals invest outside their home region? Should they? Transnational Corporation Journal, 25(1), 43–72. Ibeh, K., & Awa, I. 2018. Research on African MNEs: Integration and review. Presentation at the 5th AIB SSA Chapter Conference, 6–8 August, University of Kigali. Ibeh, K., Adeleye, I., & Ajai, O. 2018a. The rise of African multinationals: Are IB scholars paying sufficient attention? AIB Insights, 18(4), 10–14. Ibeh, K. I. N., Uduma, I. A., Makhmadshoev, D., & Madichie, N. O. 2018b. Nascent multinationals from West Africa: Are their foreign direct investment motivations any different? International Marketing Review, 35(4), 683–708. Jerome, A., & Ajakaiye, O. 2019. Reviving industrialization in Africa. New York: Emerald Publishing Limited. Johnson, C. 1998. Economic crisis in East Asia: The clash of capitalisms. Cambridge Journal of Economics, 22, 653–661. Karenga, M. 2004. Maât. The moral ideal in ancient Egypt: A study in classical African ethics. New York: Routledge. Kayanula, D., & Quartey, P. 2000. The policy environment for promoting small and medium-sized enterprises in Ghana and Malawi. Finance and Development Research Programme, Working Paper Series, Paper No 15, IDPM, University of Manchester. Korten, D. C. 2015. Change the story, change the future: A living economy for a living earth. Oakland, CA: Berrett-Koehler Publishers. Kumi, E. 2020. From donor darling to beyond aid? Public perceptions of ‘Ghana Beyond Aid.’ The Journal of Modern African Studies, 58(1), 67–90. Kuznetsov, Y. (Ed.). 2006. Diaspora networks and the international migration of skills: How countries can draw on their talent abroad. Washington, DC: World Bank Publications. Laszlo, C., & Brown, J. S. 2014. Flourishing enterprise: The new spirit of business. Stanford, CA: Stanford University Press. Laszlo, C., Brown, J. S., Ehrenfeld, J. R., Gorham, H., Barros-Pose, I., Robson, L., Saillant, R., Sherman, D., & Werder, P. 2014. Flourishing enterprise: The new spirit of business. Stanford, CA: Stanford University Press. Lederman, D., Maloney, W., & Servén, L. 2005. Lessons from NAFTA for Latin America and Caribbean countries: A summary of research findings. Washington, DC: World Bank. Leke, A., Chironga, M., & Desvaux, G. 2018. Africa’s business revolution: How to succeed in the world’s next big growth market. Boston, Massachusetts: Harvard Business Press. Lichtheim, M. 1992. Maat in Egyptian autobiographies and related studies (Vol. 120). Universitätsverlag/Vandenhoeck & Ruprecht. Liou, R. S., & Rao-Nicholson, R. 2017. Out of Africa: The role of institutional distance and host–home colonial tie in South African firms’ postacquisition performance in developed economies. International Business Review, 26(6), 1184–1195. Malone, R. E. 2005. Assessing the policy environment. Policy, Politics, & Nursing Practice, 6(2), 135–143. Marti, D. F., & Ssenkubuge, I. 2009. Industrialisation and industrial policy in Africa: Is it a policy priority? Research Paper, No. 20, South Centre. Mason, D. J., Leavitt, J. K., & Chaffee, M. W. 2002. Policy and politics: a framework for action. In D. J. Mason, J. K. Leavitt, & M. W. Chaffee (Eds.), Policy and politics in nursing and health care: 1–18. St. Louis, MO: Saunders. Mazungunye, P. P., & Punt, C. 2021. Industrialisation for structural transformation: Economy-wide impacts of agro-processing development in Tanzania. Development Southern Africa, 5, 1–24. Mbaku, J. M. 1997. Institutions and reform in Africa: The public choice perspective. Westport, Connecticut: Greenwood Publishing Group. Mbanda, V., & Fourie, W. 2020. The 2030 Agenda and coherent national development policy: In dialogue with South African policymakers on Policy Coherence for Sustainable Development. Sustainable Development, 28(4), 751–758. Mengang, J. M. 1998. Evolution of natural resource policy in Cameroon. Yale F&ES Bulletin, 102, 239–248. Mensah, C. N., Dauda, L., Boamah, K. B., & Salman, M. 2021. One district one factory policy of Ghana, a transition to a low-carbon habitable economy? Environment, Development and Sustainability, 23, 703–721. Mesurado, B., Crespo, R. F., Rodríguez, O., Debeljuh, P., & Carlier, S. I. 2021. The development and initial validation of a multidimensional flourishing scale. Current Psychology, 40(1), 454–463. Ministry of Industrialization. 2012. Sessional Paper No. 09 of 2012 on the National Industrialization Policy Framework for Kenya 2012–2030: Transforming Kenya into a Globally Competitive Regional Industrial Hub. https://www.industrialization.go.ke/images/downloads/policies/the-national-industrialization-policy.pdf. Accessed November 1, 2022. Ministry of Industrialization and Enterprise Development. 2015. Kenya’s industrial transformation programme. https://www.tralac.org/images/docs/8097/kenyas-industrial-transformation-programme-2015.pdf. Accessed 30 June 2023. Mishina, Y., Pollock, T. G., & Porac, J. F. 2004. Are more resources always better for growth? Resource stickiness in market and product expansion. Strategic Management Journal, 25(12), 1179–1197. Naudé, W. 2010. Industrial policy: Old and new issues (No. 2010/106). WIDER Working Paper. Newfarmer, R., Page, J., & Tarp, F. 2019. Industries without smokestacks: Industrialization in Africa reconsidered. Oxford, UK: Oxford University Press. Ngui, D., & Kimuyu, P. 2019. Prospects for information and communications technology-enabled services in Kenya: the case of the mobile money transfer industry. In R. Newfarmer, J. Page, & F. Tarp (Eds.), Industries without smokestacks: Industrialization in Africa reconsidered: 213–231. Oxford, UK: Oxford University Press. Nickelsburg, G. 1987. Inflation, expectations and qualitative government policy in Ecuador, 1970–1982. World Development, 15(8), 1077–1085. Obenga, T. 1990. La Philosophie africaine de la période pharaonique: 2780–330 avant notre ère. Paris: L’Harmattan. Obenga, T. 2004. Egypt: Ancient history of African philosophy. A Companion to African Philosophy, 28, 31–49. Ofori-Dankwa, J., & Julian, S. D. 2013. Dynamism, capital structure, and performance in a sub-Saharan economy: Extending the institutional difference hypothesis. Organization Science, 24(5), 1422–1438. Omotor, D. G., Ajakaiye, O., & Orubu, C. O. (Eds.). 2019. The Dynamics of Economic Development in Africa: 1–18. Lagos, Nigeria: Unilag Press. Ovadje, F. 2019. The challenge of institutionalizing organizational renewal: A case study of Equity Bank. In Routledge Handbook of Organizational Change in Africa: 245–267. Routledge Pascale, R., Sternin, J., & Sternin, M. 2010. The power of positive deviance: How unlikely innovators solve the world’s toughest problems. Cambridge: Harvard Business School Press. Piketty, T. 2013. Capital in the 21st century. Cambridge, MA: Harvard University Press. Piketty, T. 2014. Capital in the twenty-first century: A multidimensional approach to the history of capital and social classes. The British Journal of Sociology, 65(4), 736–747. Pirson, M. 2017. Humanistic management: Protecting dignity and promoting well-being. Cambridge, UK: Cambridge University Press. Pitt, L. F., Watson, R. T., & Kavan, C. B. 1995. Service quality: A measure of information systems effectiveness. MIS Quarterly, 19(2), 173–187. Polman, P., & Winston, A. 2021. The net positive manifesto: Is the world better off because your company is in it? Harvard Business Review, 99(5), 125–131. Putzel, L., Kelly, A. B., Cerutti, P. O., & Artati, Y. 2015. Formalization as development in land and natural resource policy. Society & Natural Resources, 28(5), 453–472. Rana, M. B., & Sørensen, O. J. 2021. Levels of legitimacy development in internationalization: Multinational enterprise and civil society interplay in institutional void. Global Strategy Journal, 11(2), 269–303. Rasmussen, D. B. 1999. Human flourishing and the appeal to human nature. Social Philosophy and Policy, 16(1), 1–43. Rawhouser, H., Cummings, M. E., & Hiatt, S. R. 2019. Does a common mechanism engender common results? Sustainable development trade-offs in the global carbon offset market. Academy of Management Discoveries, 5(4), 514–529. Republic of Kenya. 2007. The National Industrialization Policy, Ministry of Industrialization, Trade and Enterprise Development, Nairobi. Riesbeck, D. J. 2016. Aristotle on political community. Cambridge, UK: Cambridge University Press. Rodrik, D. 1998. Trade policy and economic performance in sub-Saharan Africa, Working paper 6562, NBER working paper series. Cambridge: National Bureau of Economic Research. Rodrik, D. 2008. Normalizing Industrial Policy. The International Bank for Reconstruction and Development/The World Bank On behalf of Commission on Growth and Development, Working paper no.3: Washington. Rodrik, D. 2009. Industrial policy: Don’t ask why, ask how. Middle East Development Journal, 1(1), 1–29. Rodrik, D. 2014. The past, present, and future of economic growth. Challenge, 57(3), 5–39. Scott, W. R., & Davis, G. F. 2015. Organizations and organizing: Rational, natural and open systems perspectives. New York: Routledge. Seidman, A. 1977. Problems of industrialization in Africa. African Issues, 7(4), 3–25. Seligman, M. E. 2012. Flourish: A visionary new understanding of happiness and well-being. New York: Simon and Schuster. Seligman, M. 2014. Flourishing as a goal of international policy. In R. Costanza & I. Kubiszewski (Eds.), Creating a sustainable and desirable future: Insights from 45 global thought leaders: 113–116. London, UK: World Scientific Publishing. Semazzi, F. H., & Song, Y. 2001. A GCM study of climate change induced by deforestation in Africa. Climate Research, 17(2), 169–182. Sharma, N., & Singh, R. K. 2019. A unified model of organizational effectiveness. Journal of Organizational Effectiveness: People and Performance., 6(2), 114–128. Statista.com. 2022, March 31. Leading companies in Africa in 2022, by market capitalization. https://www.statista.com/statistics/1250923/leading-companies-in-africa-by-market-capitalization/. Accessed 26 January 2023. Steel, W. F., & Evans, J. W. 1981. Industrialization in sub-Saharan Africa. Washington DC: The World Bank. Stiglitz, J. E., Lin, J. Y., Monga, C., & Patel, E. 2013. Industrial policy in the African context. World Bank Policy Research Working Paper, (6633): https://openknowledge.worldbank.org/bitstream/handle/10986/16850/WPS6633.pdf The African Continental Free Trade Area (AfCFTA). N.D. Home page. https://au-afcfta.org/. Accessed 26 January 2023. Tucker, T. N., & Sterling, S. 2021. Industrial policy and planning: A new (old) approach to policymaking for a new era. http://Rooseveltinstitute.org. Accessed on 11/8/2021. UNCTAD. 2018. World Investment Report 2018. Geneva: UN. VanderWeele, T. J. 2017. On the promotion of human flourishing. Proceedings of the National Academy of Sciences, 114(31), 8148–8156. Walter, M. 2021. Industrial policy makes a comeback in Africa, Bookings (Africa in Focus). https://www.brookings.edu/blog/africa-in-focus/2021/12/01/industrial-policy-makes-a-comeback-in-africa/. retrieved 26.1.2023. Waterman, A. S. 1990. The relevance of Aristotle’s conception of eudaimonia for the psychological study of happiness. Theoretical and Philosophical Psychology, 10(1), 39–44. Waterman, A. S. 1993. Two conceptions of happiness: Contrasts of personal expressiveness (eudaimonia) and hedonic enjoyment. Journal of Personality and Social Psychology, 64(4), 678–691. Wilson, A. 2023. Desiring infrastructure. Dialogues in Human Geography, 13(1), 86–90. Zaheer, S., & Nachum, L. 2011. Sense of place: From location resources to MNE locational capital. Global Strategy Journal, 1(1–2), 96–108. Zielinski, C., Atwoli, L., Erhabor, G. E., Gbakima, A. A., Haileamlak, A., Ntumba, J. M. K., & Zakhama, L. 2022. COP27 climate change conference: urgent action needed for Africa and the world. Acta Paediatrica, 111(12), 2259–2261. Zoogah, B. D. 2020. Companionate leadership: A shemswian perspective. Africa Journal of Management, 6(3), 214–247. Zoogah, B. D. 2022. Maatian philosophy, sustainability, and global value chains. In Africa and sustainable global value chains: 3–23. Cham: Springer. Zoogah, D. B., Peng, M. W., & Woldu, H. 2015. Institutions, resources, and organizational effectiveness in Africa. Academy of Management Perspectives, 29(1), 7–31.