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Li Dai, Ph.D. - Loyola Marymount University. Los Angeles, CA, US

Li Dai, Ph.D.

Associate Professor of Management, College of Business Administration | Loyola Marymount University






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You can contact Li Dai at Li.Dai@lmu.edu.

Li Dai teaches undergraduate and MBA courses in international business, strategic management and global strategy at LMU. In addition, Dai has taught extensively in the business programs at Texas A&M University and Ivey Business School, with the latter's MBA program ranked #1 in the world by Bloomberg Businessweek. Her studies utilizing geo-referencing methodology on firm strategy in hostile contexts are considered seminal by peers in the field of management. This research, along with her work on institutions in emerging markets, has been recognized with prestigious awards and invited for publication by Oxford University Press and featured in the highest-ranked journals in fields spanning international business, strategic management and entrepreneurship. She is a faculty fellow at the Center for Emerging Markets at Northeastern University and sits on the Editorial Review Board of the Journal of International Business Studies and Journal of International Business Policy, both top-ranked journals in the field of international business and the two flagship journals of the Academy of International Business.

Education (2)

Texas A&M University: Ph.D., Strategic Management and International Business 2011

University of Toronto: B.Com., Finance and Economics 2006


Areas of Expertise (6)

Political Violence

Emerging Markets

Multinational Corporations

Institutional Theory

Firm Strategy in Hostile Contexts

Geographical Information Systems (GIS)

Industry Expertise (3)


Political Organization

Management Consulting

Accomplishments (16)

LMU EMBA Business Applications of Blockchain Certificate (professional)


eFaculty Certificate for Online and Hybrid Teaching and Learning (professional)


Strategic Management Society Best Paper Prize Finalist (professional)


Association Francophone de Management International Best Paper Award (professional)


New Jersey Business and Industry Association Bright Idea Award (professional)


The Moon Fellowship (professional)


Multinational Business Review Most Cited Paper (professional)


Skolkovo Best Paper Award Finalist (professional)

Academy of Management, 2012

Best Paper on Emerging Markets Finalist (professional)

Academy of Management, 2012

Farmer Best Dissertation Award Runner-Up (professional)

Academy of International Business, 2012

Best Overall Doctoral Paper (professional)

Southern Management Association, 2010

Best Paper in Strategy Track (professional)

Southern Management Association, 2010

Haynes Prize for Most Promising Scholar Finalist (professional)

Academy of International Business, 2009

Best Conceptual Paper Award (professional)

Emerald Publishing, 2008

Regents Scholarship (personal)

Texas A&M University, 2007

Dean's List (personal)

Faculty of Commerce, University of Toronto, 2003-2006

Affiliations (3)

  • Academy of Management
  • Strategic Management Society
  • Academy of International Business

Articles (13)

International diversification of family-dominant firms: Integrating socioemotional wealth and behavioral theory of the firm

Journal of World Business


Drawing on the behavioral theory of the firm, we shed light on an extant debate about whether family firms are more or less likely to diversify internationally. In an analysis of firm-level data from 93 countries over 2011–2018, we find that family-dominant firms—with their established preference for low breadth-high depth international diversification—will seek to increase their breadth when performance falls below aspiration level, but that doing so can hurt their performance stability. Our study advances the literature by identifying important boundary conditions to their prioritization of socioemotional wealth and micro-foundational mechanisms that underlie strategic change in family-dominant firms.

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A delicate balance for innovation: Competition and collaboration in R&D consortia

Management and Organization Review


This study examines how competitive and cooperative relationships within R&D consortia influence member firms’ innovation output. We propose a U-shaped relationship between the presence of market competitors for a member firm and the firm's joint R&D output with other consortium members, and examine how the relationship is mediated by interactions with other members at the firm level and moderated by collaborative efforts at the consortium level. Using a unique sample of 320 firms from 52 R&D consortia in China, we find support for our predictions. This multi-level study extends our understanding of competition and cooperation in multi-party networks and provides insights for creating a balance between the two forces that is conducive to innovation.

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Caught in the crossfire: Dimensions of vulnerability and foreign multinationals’ exit from war-afflicted countries

Strategic Management Journal


When war occurs in a country, some foreign multinational enterprises (MNEs) stay on, while others flee. We argue that MNE responses to external threats depend on the firm's vulnerability, which we decompose into exposure (proximity to threat), at-risk resources (potential for loss), and resilience (capacity for coping).

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Multinational enterprises and emerging markets

Oxford Bibliographies in Management


This article presents research on how multinational enterprises (MNEs) seeking high-growth opportunities tackle these challenges in entering emerging market countries before introducing a group of studies on emerging market multinationals.

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Entrepreneurial orientation and international scope: The differential roles of innovativeness, proactiveness, and risk-taking

Journal of Business Venturing


This research integrates the international business and entrepreneurship literatures by examining the independent influences of innovativeness, proactiveness, and risk-taking on the ability of a firm to broaden its scope across international markets.

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Global strategy: MNEs in deadly environments: Strategic responses to disasters, conflict and crime

Academy of Management, Best Paper Proceedings


An emerging body of research in international business examines firm response to challenging environments involving disasters, conflict and crime.

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Place, space, and geographical exposure: Foreign subsidiary survival in conflict zones

Journal of International Business Studies


This study focuses on the role of geography in foreign subsidiary survival in host countries afflicted by political conflict. We argue that survival is a function of exposure to conflicts, and depends on the characteristics of place (the conflict zone) and space (geographic concentration and dispersion of other home-country firms).

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Understanding technology and industry emergence: A qualitative study of the fuel cell industry

Academy of Management, Best Paper Proceedings


This research empirically examines the Aldrich and Fiol (1994) model of industry creation to assess the cognitive and sociopolitical factors at the organizational, intra-industry and inter-industry levels that influence emerging technologies and industries.

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External threats and MNE strategy: The role of exposure, resources and coping mechanisms

Academy of Management Proceedings


Multinational enterprises (MNEs), when threatened by political violence in a host country, make different choices; some stay, others exit. What determines who stays and who leaves?

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International business, international management, and international strategic management: What is in a name?

International Studies of Management and Organization


In this article, we build on Boddewyn's earlier research to explore the three fields of inquiry, develop new domain statements, and link them to one another.

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Rethinking the O in Dunning’s OLI paradigm

Multinational Business Review


In this paper, we focus specifically on the O in the OLI paradigm, tracing the history of Dunning’s ownership advantages. We argue that the modifications of O advantages over the past 37 years, as Dunning attempted to bring all IB phenomena and IB‐related theories under the OLI “big tent,” has had mixed results.

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Caught in the middle: Multinational enterprise strategy in interstate warfare

Competitiveness Review


The purpose of this paper is to investigate interstate warfare and its association with foreign direct investment (FDI) and multinational enterprise (MNE) strategy by integrating insights from international business (IB) and international political economy (IPE) literature.

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Maximizing cooperation in a competitive environment

Competitive Forum


The purpose of this paper is to delineate the conditions and governance structures that facilitate cooperation among firms, which are by default competitors. The theoretical lenses of resource dependence theory, institutional theory, and transaction cost theory are employed to show how organizations can coordinate to achieve the optimum level of cooperation along two dimensions, uncertainty and technology.

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