Do we need different frameworks to explain infant MNEs from developing countries?

I argue that the initial set of firm‐specific assets (FSAs) act as an envelope for the early stages of internationalization of multinational enterprises (MNEs) (of whatever nationality) AND THAT there is a threshold LEVEL of FSAs that IT must possess for such international expansion to be SUCCESSFUL. I also argue that the initial FSAs of an MNE tend to be constrained by the location‐specific (L) assets of the home country. However, beyond...