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
相关论文
共 62 条
[51]   CONTINGENCIES WITHIN DYNAMIC MANAGERIAL CAPABILITIES: INTERDEPENDENT EFFECTS OF RESOURCE INVESTMENT AND DEPLOYMENT ON FIRM PERFORMANCE [J].
Sirmon, David G. ;
Hitt, Michael A. .
STRATEGIC MANAGEMENT JOURNAL, 2009, 30 (13) :1375-1394
[52]   TECHNICAL CHANGE AND THE AGGREGATE PRODUCTION FUNCTION [J].
SOLOW, RM .
REVIEW OF ECONOMICS AND STATISTICS, 1957, 39 (03) :312-320
[53]   A CONTRIBUTION TO THE THEORY OF ECONOMIC-GROWTH [J].
SOLOW, RM .
QUARTERLY JOURNAL OF ECONOMICS, 1956, 70 (01) :65-94
[54]  
Swedenborg B., 1979, Multinational operations of Swedish firms
[55]   A dynamic capabilities-based entrepreneurial theory of the multinational enterprise [J].
Teece, David J. .
JOURNAL OF INTERNATIONAL BUSINESS STUDIES, 2014, 45 (01) :8-37
[56]   HOW GOOD ARE MULTINATIONALITY-PERFORMANCE (M-P) EMPIRICAL STUDIES? [J].
Verbeke, Alain ;
Forootan, M. Zaman .
GLOBAL STRATEGY JOURNAL, 2012, 2 (04) :332-344
[57]   Triple-testing the quality of multinationality-performance research: An internalization theory perspective [J].
Verbeke, Alain ;
Brugman, Paul .
INTERNATIONAL BUSINESS REVIEW, 2009, 18 (03) :265-275
[58]   OUTWARD FOREIGN DIRECT INVESTMENT BY EMERGING MARKET FIRMS: A RESOURCE DEPENDENCE LOGIC [J].
Xia, Jun ;
Ma, Xufei ;
Lu, Jane W. ;
Yiu, Daphne W. .
STRATEGIC MANAGEMENT JOURNAL, 2014, 35 (09) :1343-1363
[59]   Linking Theory and Context: 'Strategy Research in Emerging Economies' after Wright et al. (2005) [J].
Xu, Dean ;
Meyer, Klaus E. .
JOURNAL OF MANAGEMENT STUDIES, 2013, 50 (07) :1322-1346
[60]   Production function estimation in Stata using the Olley and Pakes method [J].
Yasar, Mahmut ;
Raciborski, Rafal ;
Poi, Brian .
STATA JOURNAL, 2008, 8 (02) :221-231