Table 3.
Top 10 most highly cited articles on international CPA ranked by Web of Science citations
| Authors (year) | Article | Topic(s) | Type | Theory | Total cites | Cites/year | |
|---|---|---|---|---|---|---|---|
| 1 | Delios and Henisz (2003) | Political hazards, experience, and sequential entry strategies: the international expansion of Japanese firms, 1980–1998 | Political risk; foreign entry strategy | Empirical (Quantitative) | The stages model of Internationalization | 378 | 21 |
| 2 | Hitt, Bierman, Uhlenbruck, and Shimizu (2006) | The importance of resources in the internationalization of professional service firms: the good, the bad, and the ugly | Firm internationalization; political ties | Empirical (quantitative) | RBV | 358 | 23.9 |
| 3 | Cui and Jiang (2012) | State ownership effect on firms' FDI ownership decisions under institutional pressure: a study of Chinese outward-investing firms | SOE internationalization strategy | Empirical (quantitative) | Institutional theory and RDT | 319 | 35.4 |
| 4 | Holburn and Zelner (2010) | Political capabilities, policy risk, and international investment strategy: evidence from the global electric power generation industry | Political risk; location choice | Empirical (quantitative) | RBV and TCE | 297 | 27 |
| 5 | Wang, Hong, Kafouros, and Wright (2012) | Exploring the role of government involvement in outward FDI from emerging economies | SOE internationalization strategy | Empirical (quantitative) | Resource-based and institutional perspectives | 271 | 30.1 |
| 6 | Hillman and Wan (2005) | The determinants of MNE subsidiaries' political strategies: evidence of institutional duality | Subsidiary-level political strategies | Empirical (quantitative) | Institutional theory | 211 | 13.3 |
| 7 | Mezias (2002) | Identifying liabilities of foreignness and strategies to minimize their effects: the case of labor lawsuit judgments in the United States | Managing liabilities of foreignness | Empirical (quantitative) | FDI/liability of foreignness literature | 211 | 11.1 |
| 8 | Frynas, Mellahi, and Pigman (2006) | First mover advantages in international business and firm-specific political resources | MNE–host government relationship | Empirical (qualitative) | RDT and RBV | 209 | 13.9 |
| 9 | Siegel (2007) | Contingent political capital and international alliances: Evidence from South Korea | Political ties | Empirical (quantitative) | Social network theory | 194 | 14.9 |
| 10 | Cuervo-Cazurra et al. (2014) | Governments as owners: state-owned multinational companies | SOE internationalization | Conceptual (special issue editorial) | Agency theory, TCE, RBV, RDT, and institutional theory | 187 | 26.7 |
| 10 | Henisz and Zelner (2005) | Legitimacy, interest group pressures, and change in emergent institutions: the case of foreign investors and host country governments | MNE–host government relationship/bargaining | Conceptual | Institutional theory | 187 | 11.7 |
The citation data were collected from the Web of Sciences in mid-February 2021.
FDI Foreign direct investment, RBV resource-based view, RDT resource dependency theory, TCE transaction cost economics.