Exogenous shocks and international business: Systematic review and research program
This article proposes a systematic review on the multifaceted concept of “exogenous shock” in the field of international business (IB). The spread of shocks and the magnitude of their consequences are drawing the attention of IB researchers to how these rare, unpredictable and brutal phenomena are perceived and managed by firms operating abroad. This research, based on a content analysis of 176 articles, provides research trends with a definition, a typology of shocks as well as eight research avenues for future IB research.