Joint research projects continue to grow in importance within IB. We are currently engaged in several externally funded research projects of various sizes. Most of them involve international colleagues across the globe.

Examples of current research projects:  

EmoMA (Emotions in M&A – managing emotions in mergers and acquisitions)

This research project investigates emotions in cross-border M&As through four carefully selected working packages, which are presented below.
WP1: Emotions in global virtual world - How are emotions constructed in different cultures? How to deal with emotions in the virtual world?
WP2: Emotional dialogue and conflicts in international M&As/divestitures - How can emotional conflicts be identified and solved in cross-cultural context
WP3: Emotional value in international M&As/divestitures - What is the emotional value in international M&As/divesture?
WP4: Emotional competence in international M&As/divestitures - What entails emotion competence in international M&As/divesture?
The research is a two year research project (2015-2016) funded by the TEKES the Finnish Funding Agency for Innovation. Contact persons at Turku School of Economics are Niina Nummela and Johanna Raitis.

Emotions in innovation processes

The study aims to analyse the individual and group level emotions and emotional conflicts arising throughout an innovation process. The research focuses especially on the changes in emotions as the innovation process proceeds, and emotions as an advantage or hindrance to an innovation process. The research is a joint endeavour between Birgitta Sandberg, Leena Aarikka-Stenroos (Tampere University of Technology) and Ilkka Kettunen (Savonia University of Applied Sciences).

Emotions in the integration process after a corporate acquisition

The research analyses the various kinds of emotion and emotional conflict that arise within an acquired company in a corporate acquisition, and how emotions change as the integration process advances. The research is a joint endeavour between Birgitta Sandberg, Mélanie Hassett and Noelia-Sarah Reynolds (University of Essex).

Entrepreneurial internationalization, learning and networking

What enables recently founded firms to successfully develop their international business? What is the role of knowledge in such processes? How do relational ties to established firms emerge? How are stakeholder commitments negotiated? What is the role of public institutions and public finance? How do such firms balance their current economic needs with potentially massive future opportunities? And what becomes of such firms in the long run? These are just some of the questions considered in this research program, which is conducted by Peter Zettinig, Sascha Fuerst, Petr Berdyshev, Marion Bitsch and Jonathan Van Mumford.

Family Business Internationalization Process

The focus in this project is to study the theorizing opportunities from the family-business internationalization process to entrepreneurship, international business and management research. By nature FBs are long-enduring and emphasize continuity, which is demonstrated e.g. in the form of change of generation, socio-emotional wealth and family involvement in strategizing and networking. However, in their research longitudinal, processual and historical methods are still scarcely applied. The project employs literature review and case studies as the main approaches and the goal is to provide theoretical, managerial and methodological contribution. Contact persons: University Research Fellow (TSE) Eriikka Paavilainen-Mäntymäki, Professor Tanja Leppäaho and MSc Jaakko Metsola form University of Jyväskylä.

Internationally scalable business from digitality (DigiPro) – Focus on digital project management solution

The productivity and internationalization of Finnish SMEs are two factors that are critical for the future of Finnish national economy. Utilizing digitalization to enhance both of these is at the heart of this project. The project is based on the participating companies' need to explore and develop project management solutions that utilize Internet of Things (IoT) and to develop internationally scalable business concept to commercialize the solutions internationally.
The main objective of the project is to examine and to develop the knowledge and capabilities of Finnish SMEs for developing internationally scalable business models and thus to commercialize digital solutions internationally.
DigiPro is a joint project of two research institutions and four Finnish SMEs. All six organizations cooperate closely throughout the duration of the project and the parallel projects proceed according to jointly agreed timeline. The project proceeds in iterative cycles in spirit of agile methods. The contact person is Taina Eriksson.

Learning from business simulation games

This project focuses on the various aspects of students' learning resulting from business simulation games. The project has to date contributed to the methods of evaluating students' cognitive learning outcomes during a simulation game. The results have been published in the Journal of Simulation & Gaming. The project is a joint endeavour between Elina Pelto (IB) and Timo Lainema, and Lauri-Matti Palmunen from the Department of Management at TSE.

Longitudinal research in IB

The project on philosophy of time in the internationalization process of firms together with Senior Fellow (TSE), Lecturer (University of Sheffield, UK) Mélanie Hassett, Professor, University Lecturer Leila Hurmerinta and University Research Fellow (TSE) Eriikka Paavilainen-Mäntymäki  reached one milestone when the article titled TEMPUS FUGIT: A Hermeneutic Approach to the Internationalisation Process was accepted and published in Management International Review in December 2016. The first version of the article was submitted to the review in Autumn 2013. The project is still ongoing with new papers in progress.

Mergers and Acquisitions to and from India (MATAFI)

This is an international research project combining researchers from Finland, Sweden and UK. The researchers in this project are Professor Niina Nummela (TSE), Professor Duncan Angwin (Lancaster University, previously Oxford Brookes University), University Research Fellow Peter Zettinig (TSE), Associate Professor Zsuzsanna Vincze (University of Umeå), Dr. Uma Urs (Oxford Brookes University) and post-doctoral researcher Melanie Hassett (TSE).
The research project has received funding from the Foundation for Economic Education. The research project focuses on analyzing mergers and acquisitions (M&A) to and from India, why are Indian M&A successful, what are the characteristics of Indian M&As and what can we learn from companies who have acquired in India. By combining knowledge and research from researchers in Finland, Sweden and UK, all working on research involving Indian M&A, the researchers aim to increase our understanding on Indian M&As through cross-case analysis".

Multiple team membership - What drives employee commitment to competing demands?

This study addresses the important question of what factors influence an individual's dedication when she or he is a member in multiple teams having to reconcile competing demands. We employ an innovative 'upside-down' research design using a three-way moderated multi-level model to examine team, project and individual factors influencing commitment. The research is an international collaborative project between Katja Einola, Peter Zettinig, Kristiina Mäkelä (Aalto university), Olli-Pekka Kauppila (Aalto university) and Christina Butler (Kingston university).

Opportunities in negative emotions

The aim of the project is to clarify how the negative and conflict emotions, affecting the customer interface, can be utilised to create business. The goal is to create a theoretically grounded, yet a practically utilisable, model of the connection of negative and conflict emotions arising in the customer interface, and the innovation process of a company. Here innovation refers to new products, services and business models, bringing added value to both customers and the company. The research is a joint endeavour between Birgitta Sandberg, Leila Hurmerinta, and Henna Leino.
The project is a part of NEMO – Business Value from Negative Emotions research project – funded by Tekes. Turku University of Applied Sciences and Tampere Technical University are also a part of the NEMO project with their related research projects.

Organisation and the Management of Global Virtual Teams

This research program is conducted by Peter Zettinig, Danijela Majdenic and Majid Aleem at UTU and collaborates with colleagues from Monash University, Australia, Uppsala University, Sweden, and Aalto University, Finland. The program strives to learn about global virtual teams and how different phenomena related to organization, management, leadership and cross-cultural questions relate to this increasingly deployed organizational form. The results of this ongoing research project aim to provide managers with better insights showing how such organizations can be run efficiently and effectively.

Organisational Routines, Identity and the Purpose of the Firm

In this research project, we try to identify the mechanisms leading to organisational change and the stability of the firm. Focusing on issues related to community, emotions, organisational identity and the purpose and strategic objectives of firms, we conduct international comparative and in-depth research on these phenomena and how they facilitate the long term survival of the firm. This research is conducted by Birgitta Sandberg, Innan Sasaki and Peter Zettinig.

Processes in Marketing and International Entrepreneurship: Markets-as-Play-Doh

The research project focuses on understanding how markets are created and shaped by various market actors in different contexts. The project aims at understanding the processes on a theoretical level to contribute to research as well as providing important practical insight on how companies can create, change and maintain institutions that support their vision and mission. The project is led by Valtteri Kaartemo with collaborators from the Turku School of Economics as well as international research partners. In 2016, the project was funded by the Foundation for Economic Education (Liikesivistysrahasto) and Turun kauppaseuran säätiö, which enabled a 4-month research visit at Wilfrid Laurier University, Waterloo, Canada, and collaboration with Professor Nicole Coviello. 

REBUS program

The REBUS program aims at making scientific breakthroughs in the area of networks and business ecosystems. The program challenges the participating firms to take major leaps in developing these practices as well as fundamentally change their underlying mindsets of managerial behaviour. The particular focus is on those relational business practices that are needed to act as a member in as well as to take advantage of various networks. Big organizational innovations are rather paradigmatic changes in managerial thinking and organizational behavior than small-scale breakthrough innovations with high speed of diffusion. As results of the new research-based practices the REBUS program aims to create a collection of verified relational business practices that are proven in practice and shown to be advantageous in terms of innovation, growth and efficiency for networked firms. The industrial sectors within the REBUS program are in particular within transportation and energy systems. These two sectors are globally the most investment-intense areas in the coming years and are at the core of the interest of Finnish present and future industry. Contact persons: Peter Zettinig, Valtteri Kaartemo, Elisa Kallio, and Danijela Majdenic.

Roots Project

The Roots-project was commenced in September 2015 by Johanna Raitis, Innan Sasaki (Lancaster University and TSE) and Niina Nummela. The research project puts forward that companies' ability to prosper, grow, and develop its business in long-term is influenced by its social competences and responsibility. We propose that for this purpose, companies need fundamental values and identities – roots – that keep them grounded on their core beliefs and norms. We define roots as company's source and foundation for sustainable growth and prosperity. The deeper the roots are, the stronger the company is, and the more prepared they are for sustainable growth. Further, the roots keep the company grounded firmly on its core values and identity, providing it with strong, solid ground for extending its' branches. In an ideal case, the roots extend beyond the organizational boundaries and become intertwined with the larger society, both at home and away. Our main research question is: How can the roots be used to realize sustainable businesses in long term?
Is business really only about money, here and now? The tempo in today's globalizing world has been accelerating, and both in research and society speed is considered a virtue. ROOTS is a research project, which challenges this line of thought and argues that a more long-term perspective is needed to build sustainable business. We propose that for this purpose, companies need fundamental values and identities – roots – that keep them grounded on their core beliefs and norms. The deeper the roots are, the stronger the company is, and the more prepared they are for sustainable growth. In an ideal case, the roots extend beyond the organizational boundaries and become intertwined with the larger society, both at home and away.

Software Internationalization

The focus in this project is to unravel the role the actual nature and characteristics of software plays in the company strategizing and decision-making within its internationalization process. Complexity theory, accompanied by e.g. value chain, entry modes and outsourcing literature form the theoretical basis of the study. The project aims to fill the gap in showing, how software plays an essential and yet understudied role in the strategic decision-making of software companies. Contact persons: University Research Fellow (TSE) Eriikka Paavilainen-Mäntymäki, Senior Lecturer Arto Ojala from University of Jyväskylä, Associate Professor Ning Su from Ivey Business School, Canada, and Professor Kalle Lyytinen from Case Western University, Ohio.

Upside-down: Competing Priorities in Managerial Teams

Collaboration between researchers from the University of Turku (Peter Zettinig and Katja Einola), Aalto University and Kingston University Business School (UK) investigates the factors influencing individual and team performances in project teams in international settings. The research aims to unveil how different settings and activities of team members, working in investment banking, affect the devotion and commitment to different projects taking place at the same time.

Value Creation in International Growth (VCIG)

This research project aims to promote understanding of value creation in international growth from the perspective of cross-border acquisitions and joint ventures. The aim can be further divided into the following sub-questions:
1. How can value creation be measured/assessed in acquisitions and joint ventures?
2. What is the role of internal factors in value creation?
3. What is the role of external factors in value creation?
The research questions are approached through four sub-projects that focus on (1) effective control strategies and conflict management, (2) trust, (3) culture and cultural integration, and (4) managerial capabilities in value creation. The research team comprises researchers from Turku School of Economics/University of Turku and the University of Vaasa. The project has received funding from the Academy of Finland for 2011−2014. Contact persons at Turku School of Economics are Niina Nummela, William Degbey, and Melanie Hassett.