Internalization theory and the performance of emerging-market multinational enterprises

被引:62
作者
Buckley, Peter J. [1 ]
Tian, Xiaowen [2 ]
机构
[1] Univ Leeds, Ctr Int Business, Maurice Keyworth Bldg, Leeds LS2 9JT, W Yorkshire, England
[2] Murdoch Univ, Sch Management & Governance, 90 South St, Murdoch, WA 6150, Australia
关键词
Internalization theory; Multinational enterprise; Emerging market; Performance; Global factory; INTERNATIONAL EXPANSION; DIVERSIFICATION; FIRMS;
D O I
10.1016/j.ibusrev.2017.03.005
中图分类号
F [经济];
学科分类号
02 ;
摘要
Constrained by their peripheral position in the global factory system and underdeveloped institutions at home, emerging-market multinational enterprises (MNEs) are likely to achieve monopoly-based, rather than knowledge-based, financial gains from internationalization conditional on R&D. Emerging market MNEs need to engage in R&D to upgrade orchestration know-how within the global factory. This needs to be accompanied by the development of home-based enabling institutions. This article develops the argument based on internalization theory, and tests hypotheses against the experience of major emerging-market MNEs from 2004 to 2011. (C) 2017 Elsevier Ltd. All rights reserved.
引用
收藏
页码:976 / 990
页数:15
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