“…This prediction has been refuted by the increasingly voluminous research that draws on the institutionbased view to tackle IB strategy problems in emerging economies. Five years later, in 2005, seven out of eight papers (88%) in the Journal of Management Studies special issue on strategy research in emerging economies, edited by two of the same editors as for the AMJ special issue and two new editors (Wright et al, 2005) (1) business groups (Chang & Hong, 2000;Guillen, 2000;Khanna & Palepu, 2000;Wan, 2005;Yiu, Bruton, & Lu, 2005); (2) privatization (Filatotchev, Buck, & Zhukov, 2000;Uhlenbruck & De Castro, 2000); (3) foreign investment strategies (Child & Tsai, 2005;Chung & Beamish, 2005;Delios & Henisz, 2000;Hitt et al, 2000;Isobe, Makino, & Montgomery, 2000;Meyer & Nguyen, 2005); (4) domestic strategies in emerging economies (Peng & Luo, 2000;White, 2000); and (5) internationalization strategies for firms based in emerging economies expanding abroad (Brouthers, O'Donnell, & Hadjimarcou, 2005).…”