Emerging multinationals, emerging theory: Macro- and micro-level perspectives

Gammeltoft, Peter; Barnard, Helena; Madhok, Anoop

doi:10.1016/j.intman.2010.03.001

Cited by 201 publications

(158 citation statements)

References 36 publications

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“…This approach permits us to better understand why the 'new wave' DC MNE (with a focus on knowledge intensive sectors, and investments in advanced economies) continues to thrive in parallel with the 'old school' DC MNE that is labour-intensive and focuses on host countries with similar conditions (Gammeltoft et al 2010, Ramamurti 2009). …”

Section: Discussionmentioning

confidence: 99%

The Viability of Sustained Growth by India’s MNEs: India’s Dual Economy and Constraints from Location Assets

Narula

2015

Manag Int Rev

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Section: Discussionmentioning

confidence: 99%

The Viability of Sustained Growth by India’s MNEs: India’s Dual Economy and Constraints from Location Assets

Narula

2015

Manag Int Rev

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“…According to Wernerfelt (1984), resources can be tangible or intangible and include everything that could be thought of as a strength of a given firm and which allow the MNE to appropriate rent by undertaking FDI (Hymer, 1960;1976). However, the extant literature suggests that firms originating from emerging economies may typically lack the FSAs required to succeed in foreign markets (Child & Rodrigues, 2005;Gammeltoft, Barnard, & Madhok, 2010;Isobe, Makino, & Montgomery, 2000;Mathews, 2006;Miller, Thomas, Eden, & Hitt, 2009). This deficiency is attributed to the country of origin effect (Wang, Clegg, & Kafouros, 2009) because emerging economies are typically characterised by weak human and entrepreneurial resources (Khanna & Palepu, 2000;Meyer, Estrin, Bhaumik, & Peng, 2009;Peng, 2003), inferior technological resources (Dunning, Kim, & Park, 2008), and less effective marketing resources (Duysters et al, 2009).…”

Section: Literature Review Internationalisation By Asset Exploitationmentioning

confidence: 99%

Cross-border acquisitions by Indian multinationals: Asset exploitation or asset augmentation?

Buckley

Munjal

Enderwick

et al. 2016

International Business Review

103

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This paper examines cross-border acquisitions by Indian multinationals and places them in the context of Emerging Country Multinationals. It tests hypotheses based on internalisation theory and the resource based view to ask if these firms are asset exploiting or asset augmenting in their takeover behaviour. Internal financial and technological resources are found to be important explanatory variables, as is asset seeking; of brands, technology and market access. The home environment in India allows firms to amass profits, to manage in a culturally diverse setting and to develop asset bundling skills. All these factors are significant in determining cross-border acquisitions.

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“…Mostly applied to the analysis of trade flows, psychic distance (which comprises aspects from cultural and institutional distance) deters 5 For an overview on South-South FDI particularities see for example UNCTAD (2006), Khana and Palepu (2006), Gammeltoft et al (2010) Beugelsdijk et al (2004) and Miura and Takechi (2010) provide interesting evidence and reviews of this branch of literature. International management literature has also been concerned with the concept of liability of foreignness (LOF) which refers to the social costs derived from doing business abroad.…”

Section: What Is Special About Southern Multinationals?mentioning

confidence: 99%

Multinationals in Sub-Saharan Africa: Domestic linkages and institutional distance

Perez-Villar

Šerić

2015

International Economics

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. This paper analyzes the role of institutional distance in the establishment of domestic linkages by multinational enterprises in a cross-section of 19 Sub-Saharan countries. Investors' familiarity with formal and informal procedures in the host country lowers uncertainty and facilitates networking with local firms. Hence, a similar degree of institutional development boosts linkages between domestic firms and multinationals. Using a novel dataset from the 2010 Africa Investor Survey by UNIDO we find that institutional distance in terms of contract enforcement deters the domestic linkage in host countries with worse institutions relative to the origin country. Additionally, institutional distance matters more for multinationals from the north. The paper sums to the literature on domestic linkages by including the understudied institutional dimension, to the still scarce literature on South-South FDI in least developed countries and contributes to the definition of clearer targets for foreign investment policies. Terms of use: Documents in

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Emerging multinationals, emerging theory: Macro- and micro-level perspectives

Cited by 201 publications

References 36 publications

The Viability of Sustained Growth by India’s MNEs: India’s Dual Economy and Constraints from Location Assets

The Viability of Sustained Growth by India’s MNEs: India’s Dual Economy and Constraints from Location Assets

Cross-border acquisitions by Indian multinationals: Asset exploitation or asset augmentation?

Multinationals in Sub-Saharan Africa: Domestic linkages and institutional distance

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