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Luxury international business: a critical review and agenda for research

Luxury international business: a critical review and agenda for research
Luxury international business: a critical review and agenda for research

Purpose
Through a critical review of the impact of luxury international business, this study aims to contribute to an understanding of business activities that depend on an unequal distribution of income and wealth.

Design/methodology/approach
Drawing on a wide range of academic and practitioner literature, this study adopts a critical luxury studies approach to provide an assessment of the economic and social impact of luxury international business.

Findings
Luxury is an increasingly important sector of the economy, which contributes to the welfare of increasing numbers of people across the world. Alongside its dependence on an unequal distribution of income and wealth and the negative aspects to which this gives rise, luxury business generates significant benefits to the economy and society through promoting economic growth, innovation, cultural enrichment, improved quality of the built environment and environmentally sustainable business practices. Nevertheless, an appropriate level of regulation and taxation on the excesses of contemporary luxury consumption could improve the welfare of all. Hence, luxury international business warrants investigation by critical scholars who recognize the complexity of the benefits and dark sides arising from luxury.

Research limitations/implications
This study draws on an extensive review of academic and practitioner literature. However, primary research is required to investigate further the key issues identified.

Social implications
Through an exploration of the impact of the production and consumption of luxury, this study reveals how luxury businesses serving the super-rich can contribute to the welfare of society whilst also giving rise to negative outcomes.

Originality/value
By adopting a critical luxury studies approach, this study offers an original contribution to the field of international business and introduces avenues for future critical international business research.
Luxury, Luxury Brands, International Business, Inequality, Super-rich, Critical review
1742-2043
219-238
Roberts, Joanne
c49f0cf6-8c79-4826-b7f2-8563d7aa99cf
Roberts, Joanne
c49f0cf6-8c79-4826-b7f2-8563d7aa99cf

Roberts, Joanne (2019) Luxury international business: a critical review and agenda for research. Critical Perspectives on International Business, 15 (2/3), 219-238. (doi:10.1108/cpoib-02-2019-0018).

Record type: Article

Abstract


Purpose
Through a critical review of the impact of luxury international business, this study aims to contribute to an understanding of business activities that depend on an unequal distribution of income and wealth.

Design/methodology/approach
Drawing on a wide range of academic and practitioner literature, this study adopts a critical luxury studies approach to provide an assessment of the economic and social impact of luxury international business.

Findings
Luxury is an increasingly important sector of the economy, which contributes to the welfare of increasing numbers of people across the world. Alongside its dependence on an unequal distribution of income and wealth and the negative aspects to which this gives rise, luxury business generates significant benefits to the economy and society through promoting economic growth, innovation, cultural enrichment, improved quality of the built environment and environmentally sustainable business practices. Nevertheless, an appropriate level of regulation and taxation on the excesses of contemporary luxury consumption could improve the welfare of all. Hence, luxury international business warrants investigation by critical scholars who recognize the complexity of the benefits and dark sides arising from luxury.

Research limitations/implications
This study draws on an extensive review of academic and practitioner literature. However, primary research is required to investigate further the key issues identified.

Social implications
Through an exploration of the impact of the production and consumption of luxury, this study reveals how luxury businesses serving the super-rich can contribute to the welfare of society whilst also giving rise to negative outcomes.

Originality/value
By adopting a critical luxury studies approach, this study offers an original contribution to the field of international business and introduces avenues for future critical international business research.

Text
Roberts 2019 PDF_Proof - Accepted Manuscript
Restricted to Repository staff only until 1 April 2021.
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More information

Accepted/In Press date: 1 April 2019
Published date: 6 June 2019
Keywords: Luxury, Luxury Brands, International Business, Inequality, Super-rich, Critical review

Identifiers

Local EPrints ID: 430267
URI: https://eprints.soton.ac.uk/id/eprint/430267
ISSN: 1742-2043
PURE UUID: 1fdf31bc-912b-4ac9-b35e-fd99fd2b5d76
ORCID for Joanne Roberts: ORCID iD orcid.org/0000-0001-5337-1698

Catalogue record

Date deposited: 23 Apr 2019 16:30
Last modified: 28 Jun 2019 00:31

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