Emerging multinationals in emerging markets

Published on Jan 1, 2009
· DOI :10.1017/CBO9780511576485
Ravi Ramamurti17
Estimated H-index: 17
Jitendra Vir Singh21
Estimated H-index: 21
List of figures List of tables Abbreviations List of contributors Acknowledgements Part I. Introduction: 1. Why study emerging market MNEs? Ravi Ramamurti 2. Third world multinationals: a look back Louis T. Wells, Jr 3. Theoretical aspects of MNEs from emerging markets Alan Rugman 4. Does firm ownership matter? POEs vs. FOEs in the developing world Alice H. Amsden Part II. Country Studies: 5. Chinese multinationals: emerging through new global gateways Peter Williamson and Ming Zeng 6. Indian multinationals: generic internationalization strategies Ravi Ramamurti and Jitendra V. Singh 7. Russian multinationals: natural resource champions Daniel J. McCarthy, Sheila M. Puffer and Oleg S. Vikhanski 8. Brazilian multinationals: surfing the waves of internationalization Afonso Fleury and Maria Tereza Leme Fleury 9. South African multinationals: building on a unique legacy Andrea Goldstein and Wilson Prichard 10. Mexican multinationals: lessons from Cemex Donald R. Lessard and Rafel Lucea 11. Thai multinationals: struggling to enter the big league Pavida Pananond 12. Israeli multinationals: competing from a small open economy Yair Aharoni Part III. Conclusions: 13. What have we learned about emerging-market MNEs? Ravi Ramamurti Index.
  • References (0)
  • Citations (292)
Cited By292
Published on Aug 1, 2011in Management International Review 2.28
B. Elango18
Estimated H-index: 18
(Illinois State University),
Chinmay Pattnaik10
Estimated H-index: 10
(University of Sydney)
In the past two decades, emerging market countries have opened their markets, resulting in increasing competition from foreign firms. To cope with the influx of new competition, these firms need to develop skills and competencies on par with their new international rivals. One of the strategies employed by firms in these markets is the use of serial acquisitions to build capabilities and has been referred to as the springboard perspective. We use a sample of 175 acquisitions made by Indian firms...
49 Citations Source Cite
Published on Sep 23, 2013in International Journal of Emerging Markets
Farok J. Contractor26
Estimated H-index: 26
(Rutgers University)
Purpose – The purpose of this paper is to comprehensively review the sources of competitive strength of emerging market multinationals (EMMs). Since most lack firm-specific assets such as internalized knowledge or globally recognized brands, especially in their early international growth, and emanate from less-developed nations, the success of EMMs has to be explained by identifying factors in their home nations and international scope which make these firms internationally competitive. Design/m...
85 Citations Source Cite
Published on Dec 1, 2015in International Business Review 2.75
Peter J. Buckley51
Estimated H-index: 51
(University of Leeds),
Adam R. Cross11
Estimated H-index: 11
(Xi'an Jiaotong-Liverpool University),
Claudio De Mattos6
Estimated H-index: 6
(University of Manchester)
This study investigates an under-researched topic: individual-to-individual or team-to-team interactions during the alliance pre-formation phase. We develop a general theory based on the principle of congruity for understanding the micro-dynamics of the alliance formation process. The attitudes of each party in an alliance towards their prospective partner depend on the level of mismatch between their initial evaluations of the contributions of each partner, and on their wish intensity and speed...
6 Citations Source Cite
Published on Dec 1, 2010in Journal of International Management 2.30
T.L. Hill1
Estimated H-index: 1
(Temple University),
Ram Mudambi41
Estimated H-index: 41
(Temple University)
In this paper we describe three distinct but interrelated processes -- spillover and catch up, brokering and bottom up -- that link globalization to entrepreneurship in emerging economies. We then outline an ambitious research agenda concerning entrepreneurship in the emerging economy context. Is most of such entrepreneurship Kirznerian or Schumpeterian? How do brokering processes work in this context? What informal and formal institutions will emerge to govern entrepreneurship? Does entrepreneu...
28 Citations Source Cite
Published on Jan 1, 2014in Studies in Business and Economics
Luigi Dumitrescu4
Estimated H-index: 4
Iuliana Cetina3
Estimated H-index: 3
Alma Pentescu2
Estimated H-index: 2
After a concise setting of the context (by emphasizing on the FDI flows dynamics at the beginning of the 21st century through the lens of: annual inward and outward FDI flows between 2001 and 2013; annual contribution to IFDI flows and, respectively, to OFDI flows by group of countries – developed versus developing and transition ones), the paper analyzes the emerging market economies and the dynamics of their FDI flows (by using contextualization and comparisons). The main aspects targeted are:...
1 Citations
Published on Aug 1, 2012in Global Strategy Journal 2.12
Jean-François Hennart35
Estimated H-index: 35
Does Dunning's OLI model really explain the pattern of foreign direct investments by emerging market multinationals (EMMs)? I argue that it suffers from the basic flaw of assuming that location advantages (CSAs) are properties of a country and freely available to all firms operating there. But some CSAs have owners, usually local firms, who can sometimes derive significant gains from the monopoly control of these resources. They can use this monopoly power to finance intangible-seeking investmen...
156 Citations Source Cite
Peter J. Williamson18
Estimated H-index: 18
(University of Cambridge)
Purpose – The purpose of this paper is to re-assess both the nature and sources of the competitive advantages which multinationals expanding from home bases in emerging economies (EMNEs) may enjoy in the global market. Design/methodology/approach – The paper analyses the results of 12 concurrent studies undertaken by a group of experts who were asked to examine how strategies for innovation, international value chain configuration and foreign mergers and acquisitions contributed to the competiti...
14 Citations Source Cite
Jaya Prakash Pradhan7
Estimated H-index: 7
(Central University of Gujarat),
Keshab Das3
Estimated H-index: 3
Purpose – The purpose of this study is to examine the subnational regional dimension of exports by small and medium-sized enterprises (SMEs) in India, one of the prominent emerging economies or “rising powers”. Design/methodology/approach – To understand the forces driving the variation in subnational region’s share in international business of rising power SMEs, an analytical conceptual framework on regional export advantage (REA) was formulated based on the review of relevant theoretical and e...
7 Citations Source Cite
Published on Jan 1, 2011in Human systems management
Alan Nankervis9
Estimated H-index: 9
(RMIT University),
Samir Ranjan Chatterjee1
Estimated H-index: 1
The significant and largely unpredicted emergence of China and India as global economic players in recent decades has provoked diverse reactions globally and regionally. Not surprisingly, much of the Western world has been both enthused by the opportunities offered for their potential market share and concerned about the potential adverse economic and political consequences on their own products, services, and global influence. In China and India, economic growth represents a resurgence of the p...
5 Citations Source Cite