Multilatinas and the internationalization of Latin American firms

Published on Jun 1, 2017in Journal of World Business 3.99
· DOI :10.1016/j.jwb.2017.05.006
Ruth V. Aguilera30
Estimated H-index: 30
(Ramon Llull University),
Luciano Ciravegna12
Estimated H-index: 12
(INCAE Business School)
+ 1 AuthorsMaria Alejandra Gonzalez-Perez5
Estimated H-index: 5
(EAFIT University)
Abstract
Abstract Latin America is an under-researched region that has the potential to yield new and important insights on the internationalization of firms from emerging markets, particularly as compared with the experience of firms from other regions. At the same time, some of the unique features of Latin America are generating new ideas that contribute to a better understanding of how the home country influences the behavior of firms in general and their foreign expansion in particular. In this article, we discuss such contributions and present some suggestions for future research.
  • References (63)
  • Citations (13)
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References63
Published on Jul 15, 2009
Francisco Panizza11
Estimated H-index: 11
* 1. Introduction * 2. Paradigm Found * 3. The Organic Intellectuals of the Washington Consensus * 4. The Ascent of Free Market Economics * 5. The Promises of Democracy * 6. The Underside of Democracy * 7. Paradigm Lost: The Unravelling of the Washington Consensus * 8. The Post-Washington Consensus and the Search for Alternatives * 9. Varieties of the Left (I): A Latin American Social Democracy? * 10. Varieties of the Left (II): The National Popular Alternative * 11. Conclusions * Notes * Biblio...
50 Citations
Published on Jan 1, 2014
Alvaro Cuervo-Cazurra31
Estimated H-index: 31
,
Ravi Ramamurti17
Estimated H-index: 17
Foreword 1. Introduction Alvaro Cuervo-Cazurra and Ravi Ramamurti Part I. EMNCs in Historical Perspective: What Is New?: 2. Theoretical debates on multinationals from emerging economies Yair Aharoni 3. What does history add to EMNC research? Andrew Godley Part II. Unique Capabilities of EMNCs: Do They Exist?: 4. Modern international business theory and emerging market multinational companies Alan M. Rugman and Quyen T. K. Nguyen 5. The limits of 'new' multinational enterprises: institutions, sys...
51 Citations Source Cite
Published on Sep 27, 2007
Pankaj Ghemawat28
Estimated H-index: 28
(Harvard University)
Why do so many global strategies fail--despite companies' powerful brands and other border-crossing advantages? Seduced by market size, the illusion of a borderless, "flat" world, and the allure of similarities, firms launch one-size-fits-all strategies. But cross-border differences are larger than we often assume, explains Pankaj Ghemawat in Redefining Global Strategy. Most economic activity--including direct investment, tourism, and communication--happens locally, not internationally. In this ...
243 Citations
Published on Mar 21, 2011
Afonso Carlos Corrêa Fleury6
Estimated H-index: 6
(University of São Paulo),
Maria Tereza Leme Fleury18
Estimated H-index: 18
(Fundação Getúlio Vargas)
List of figures List of tables Introduction Part I. Developing the Analytical Framework and Contextualizing the Phenomenon: 1. Globalization and internationalization: the perspective of emerging countries 2. The analytical framework: the multinational as a network of competencies 3. The early-movers and the earliest internationalization theories 4. The rise of Japanese MNEs and their impact on the international landscape 5. Productive globalization, the restructuring of western MNEs and the rise...
78 Citations
Published on Apr 28, 2010
Tarun Khanna40
Estimated H-index: 40
,
Krishna G. Palepu33
Estimated H-index: 33
Table of contents Chapter One: Introduction Chapter Two: The Nature of Institutional Voids in Emerging Markets Chapter Three: Spotting and Responding to Institutional Voids Chapter Four: Exploiting Institutional Voids as Business Opportunities Chapter Five: Multinationals in Emerging Markets Chapter Six: Emerging Giants: Competing at Home Chapter Seven: Emerging Giants: Going Global Chapter Eight: The Emerging Arena
348 Citations
Published on Jun 27, 2006in Foreign Affairs 3.54
Steven Topik8
Estimated H-index: 8
,
Carlos Marichal8
Estimated H-index: 8
+ 2 AuthorsEmily S. Rosenberg16
Estimated H-index: 16
Demonstrating that globalization is a centuries-old phenomenon, From Silver to Cocaine examines the commodity chains that have connected producers in Latin America with consumers around the world for five hundred years. In clear, accessible essays, historians from Latin America, England, and the United States trace the paths of many of Latin America’s most important exports: coffee, bananas, rubber, sugar, tobacco, silver, henequen (fiber), fertilizers, cacao, cocaine, indigo, and cochineal (ins...
51 Citations Source Cite
Published on Jun 10, 2013
Javier Santiso11
Estimated H-index: 11
Foreword Mauro F. Guillen Introduction 1. A novus mundus 2. The decade of the multilatinas 3. The expansion of Brazilian multilatinas 4. The expansion of Spanish-speaking multilatinas 5. Multilatinas 2.0 6. China: a wake up call 7. Spain and Latin America 8. Spain as a Latin hub Conclusions Index.
14 Citations
Published on Aug 1, 2012in Global Strategy Journal 2.12
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 influe...
224 Citations Source Cite
Published on Mar 20, 2012
Daron Acemoglu93
Estimated H-index: 93
(National University of Singapore),
James Robinson84
Estimated H-index: 84
In the West are the 'haves', while much of the rest of the world are the 'have-nots'. The extent of inequality today is unprecedented. Drawing on an extraordinary range of contemporary and historical examples, Why Nations Fail looks at the root of the problems facing some nations. Economists and scientists have offered useful insights into the reasons for certain aspects of poverty, such as Jeffrey Sachs (it's geography and the weather), and Jared Diamond (it's technology and species). But most ...
1,943 Citations
Published on Jan 1, 2009
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 mu...
292 Citations Source Cite
Cited By13
Published on Dec 1, 2017in Journal of International Business Studies 6.20
Peter J. Buckley51
Estimated H-index: 51
(University of Leeds),
Jonathan P. Doh39
Estimated H-index: 39
(Villanova University),
Mirko Hwan Benischke2
Estimated H-index: 2
(Erasmus University Rotterdam)
Abstract In this article, we review critiques of international business (IB) research with a focus on whether IB scholarship tackles “big questions.” We identify three major areas where IB scholars have addressed important global phenomena, but find that they have had little influence outside of IB, and only limited effects on business or government policy. We propose a redirection of IB research towards “grand challenges” in global business and the use of interdisciplinary research methods, mul...
35 Citations Source Cite
Published on Dec 1, 2017in Journal of World Business 3.99
Alvaro Cuervo-Cazurra31
Estimated H-index: 31
(Northeastern University),
Luciano Ciravegna12
Estimated H-index: 12
(University of Cambridge)
+ 1 AuthorsLuis López7
Estimated H-index: 7
(INCAE Business School)
We analyze the impact of home country uncertainty on the internationalization-performance relationship of emerging market firms. Building on organizational learning theory and the institutional approach, we argue that internationalization has a positive impact on the performance of emerging market firms, and that this relationship is strengthened for firms based in emerging countries with higher corruption and political risk. The reason is that by being exposed to high levels of home country unc...
10 Citations Source Cite
Constanza Bianchi18
Estimated H-index: 18
(Adolfo Ibáñez University),
Jorge Carneiro8
Estimated H-index: 8
,
Rumintha Wickramasekera8
Estimated H-index: 8
(Queensland University of Technology)
Purpose Enhancing firm commitment towards internationalisation is an important step towards ensuring successful international performance. However, there is limited research on this topic for emerging market firms. The purpose of this paper is to investigate the factors that influence the internationalisation commitment of emerging market firms located in two Latin American countries with different institutional environments. Design/methodology/approach This study proposes and tests a conceptual...
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Andres Velez-Calle3
Estimated H-index: 3
(EAFIT University),
Fernando Sanchez‐Henriquez2
Estimated H-index: 2
(Universidad del Desarrollo),
Farok J. Contractor26
Estimated H-index: 26
(Rutgers University)
Purpose This paper analyzes the relationship between multinationality and firm performance (M-P) in Latin American companies, commonly referred to as multilatinas. The study conceptualizes the depth (intensity) and breadth (geographical scope) of internationalization and examines their effect on financial performance. Although scholars have studied how internationalization in various contexts and industries affects performance, little is known about firms in Latin America. Design/methodology/app...
2 Citations Source Cite
Published on Oct 1, 2018in International Business Review 2.75
Jorge Carneiro8
Estimated H-index: 8
(AmeriCorps VISTA),
Vassiliki Bamiatzi (University of Liverpool), S. Tamer Cavusgil59
Estimated H-index: 59
(University of Leeds)
Abstract In this paper, we address an empirical puzzle. We note that a deliberate and serious drive to internationalize has occurred rather late in the evolution of large Brazilian firms. Meanwhile, and despite their late internationalization, these Brazilian firms expanded rapidly and intently. Despite the rich literature on Emerging Market Multinational Enterprises (EMNEs), there is still much contention on what drives rapid EMNE internationalization, particularly for the less explored firms f...
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Published on Apr 1, 2018in Journal of Business Research 2.51
Esteban Brenes11
Estimated H-index: 11
(INCAE Business School),
Luciano Ciravegna12
Estimated H-index: 12
(King's College London),
Caleb A. Pichardo2
Estimated H-index: 2
(INCAE Business School)
Abstract This study analyzes the known antecedents of firm performance in emerging markets. It proposes a configurational approach for identifying the combinations of antecedents that are equifinally linked to high performance under different levels of institutional voids. The paper examines a sample of 200 firms based in 12 economies, focusing on the role of family management, vertical integration, firm size, internationalization and collaboration with other organizations. This study extends th...
3 Citations Source Cite
Published on Dec 1, 2018in International Business Review 2.75
Dirk Michael Boehe11
Estimated H-index: 11
(Massey University),
Alfredo Jiménez9
Estimated H-index: 9
(KEDGE Business School)
Abstract How does related or unrelated geographic diversification affect future related or unrelated product diversification of exporting firms, and vice-versa? This question addresses an unresolved debate, and it is important for firms in developing countries that seek to expand their product and geographical markets. Our study contributes to a current debate by highlighting the relevance of the temporal sequence and the relatedness of international diversification. Expanding the classic transa...
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Published on May 16, 2018in Sustainability 2.08
Jaime-Andres Correa-Garcia1
Estimated H-index: 1
,
Maria-Antonia Garcia-Benau1
Estimated H-index: 1
,
Emma Garcia-Meca1
Estimated H-index: 1
The aim of this paper is to assess stakeholder orientation and corporate social responsibility (CSR) communication strategies in the business groups (BGs) of an emerging economy by means of content analysis. We worked with 30 non-financial BGs taken from the Colombian Stock Exchange. The study uses as its unit of analysis corporate reports that have been classified into four categories: annual reports (ARs), sustainability reports (SRs), combined reports (CRs), and integrated reports (IRs). The ...
4 Citations Source Cite
Arti Gupta1
Estimated H-index: 1
(Indian Institute of Information Technology, Allahabad),
Vrijendra Singh8
Estimated H-index: 8
(Indian Institute of Information Technology, Allahabad)
Purpose Despite the importance of employees’ perception of organizational justice and its impact on intention to stay, various loopholes have been identified that do not justify this relationship. The purpose of this paper is to posit a model, which postulates the effect of procedural and interactional justice on distributive justice, which further impact employees’ intention to stay. Subsequently, it also investigates the mediating role of employees’ affective commitment. Design/methodology/app...
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Published on Aug 10, 2018in The Multinational Business Review
Alvaro Cuervo-Cazurra31
Estimated H-index: 31
(Northeastern University),
Jorge Carneiro (Fundação Getúlio Vargas)+ 6 AuthorsWilliam Newburry19
Estimated H-index: 19
(Florida International University)
Purpose This paper aims to analyze how emerging market firms upgrade their capabilities by focusing on “uncommoditizing strategies” that enable them to achieve levels of international competitiveness beyond the comparative advantages of their home countries and serve markets with premium pricing, quality and reputation of products. Design/methodology/approach In this paper, the authors studied 18 Latin American companies across six countries. Latin America represents an ideal setting because man...
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