History in Perspective - A Comment on Jones and Khanna

Journal of International Business Studies, 2007

University of Alberta School of Business Research Paper No. 2013-245

Posted: 26 May 2013 Last revised: 4 Jun 2013

See all articles by Randall Morck

Randall Morck

University of Alberta - Department of Finance and Statistical Analysis; National Bureau of Economic Research (NBER); European Corporate Governence Institute; Asian Bureau of Finance and Economic Research

Bernard Yin Yeung

National University of Singapore - Business School

Date Written: November 19, 2005

Abstract

Commenting on Jones and Khanna, we suggest that international business (IB) needs simultaneously maturing theory and on-going rigorous empirical work. We advocate careful data collection and develop solid theory based on the rich empirical information. The difficulty in the process is the deciphering of causality, and that is where historical studies play a significant role. Historical documents shed light on motivations and exogenous incidents. Historical studies and large-scale data analyses can complement each other in revealing causality. While path dependence constraints causal inferences using cross-sectional data, historical studies can identify differences and similarities in the paths of events across geography and time. This advantage is particularly attractive in understanding the relationship between institutions and business behaviour, which lies inside the proper domain of IB studies.

Keywords: historical studies, methodology, long-term view, integrated approach

Suggested Citation

Morck, Randall K. and Yeung, Bernard Yin, History in Perspective - A Comment on Jones and Khanna (November 19, 2005). Journal of International Business Studies, 2007; University of Alberta School of Business Research Paper No. 2013-245. Available at SSRN: https://ssrn.com/abstract=2269971

Randall K. Morck (Contact Author)

University of Alberta - Department of Finance and Statistical Analysis ( email )

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National Bureau of Economic Research (NBER)

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European Corporate Governence Institute ( email )

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Asian Bureau of Finance and Economic Research ( email )

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Bernard Yin Yeung

National University of Singapore - Business School ( email )

15 Kent Ridge Drive
BIZ 1 Level 6
Singapore, 119245
Singapore
65 6516 3075 (Phone)
65 6779 1365 (Fax)

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