Informace o publikaci
Strategy dynamics in multilayered networks: Investment, location, and internationalisation decisions during systemic shocks
| Autoři | |
|---|---|
| Rok publikování | 2026 |
| Druh | Recenzovaný odborný článek |
| Časopis / Zdroj | Long Range Planning |
| Fakulta / Pracoviště MU | |
| Citace | |
| www | https://www.sciencedirect.com/science/article/pii/S0024630126000427 |
| Doi | https://doi.org/10.1016/j.lrp.2026.102645 |
| Klíčová slova | strategy dynamics; multilayered firm networks; location and internationalisation strategies; multi-factor agglomeration forces; global shocks |
| Přiložené soubory | |
| Popis | Understanding firms’ strategy dynamics during systemic shocks has gained renewed importance following recurrent financial crises since the early 20th century. Explaining how firms simultaneously adjust domestic and international strategies in response to global disruptions requires approaches that integrate subnational spatial heterogeneity with the multidimensional nature of strategic responses – a capability not yet captured by established strategic management theories. Systemic shocks reshape firms’ strategic trajectories by altering the relative advantages of locally embedded agglomeration forces. Building on this mechanism, this study develops a framework that conceptualises firms’ multidimensional strategy dynamics as the outcome of interacting global disruptions and multi-factor agglomeration forces, integrating investment, location, and internationalisation decisions as interdependent processes within multilayered firm networks. By digitising multiple archival data sources, I reconstruct microgeographic evidence on the strategic behaviour of Canadian banks’ branch and interbank networks during consecutive periods of regulatory change and financial stringency (1900–1919). The novel longitudinal dataset traces intra- and inter-firm network dynamics, by disentangling banks’ new branch investments and de-investments, new city entries and exits, and cross-border interbank linkages. Modelling strategy dynamics as a system of simultaneously evolving micro-processes reveals pronounced regional heterogeneity in banks’ strategic responses to global and local shocks. Multidimensional scaling of branching strategies further demonstrates that regulatory change and financial crises produce divergent strategic trajectories across subnational regions. These findings advance strategy research by introducing a complex-systems perspective on interdependent strategic adaptation under systemic shocks and demonstrating how multi-factor agglomeration forces shape heterogeneous strategic responses to global disruptions. |