Extending theory by analyzing developing country multinational companies: Solving the Goldilocks debate

Published on Aug 1, 2012in Global Strategy Journal 2.12
· DOI :10.1111/j.2042-5805.2012.01039.x
Alvaro Cuervo-Cazurra31
Estimated H-index: 31
(College of Business Administration)
I analyze how the study of developing country multinational companies (DMNCs) can help extend theory. The renewed interest in DMNCs has generated a ‘Goldilocks’ debate, with one camp arguing that the analysis of DMNCs is ‘hot’ and requires new theory, another camp arguing that it is ‘cold’ and no new theory is required, and a third camp arguing that it is ‘just right’ and it can be used to extend theory. I follow this third camp and argue that the unique conditions of developing countries influence the internationalization of DMNCs, creating a laboratory for extending theory. I illustrate this idea by reviewing some of the key theories and models of the multinational company and explaining how they can be extended with the study of DMNCs.
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  • Citations (224)
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Estimated H-index: 35
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Estimated H-index: 38
(Columbia University),
Tarun Khanna40
Estimated H-index: 40
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Estimated H-index: 4
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Estimated H-index: 8
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Ram Mudambi41
Estimated H-index: 41
(Temple University)
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Yadong Luo63
Estimated H-index: 63
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Stephanie Lu Wang9
Estimated H-index: 9
(University of Miami)
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Published on Aug 1, 2012in Global Strategy Journal 2.12
Anirvan Pant3
Estimated H-index: 3
(Indian Institute of Management Bangalore)
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Estimated H-index: 7
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Estimated H-index: 31
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Estimated H-index: 14
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