The Role of the State in Explaining the Internationalization of Emerging Market Enterprises

被引:138
作者
Hong, Junjie [1 ]
Wang, Chengqi [2 ]
Kafouros, Mario [3 ]
机构
[1] Univ Int Business & Econ, Sch Int Trade & Econ, Beijing 100029, Peoples R China
[2] Univ Nottingham, Sch Business, Nottingham NG8 1BB, England
[3] Univ Leeds, Sch Business, Ctr Int Business, Univ Leeds CIBUL, Leeds LS2 9JT, W Yorkshire, England
基金
英国工程与自然科学研究理事会;
关键词
RESEARCH-AND-DEVELOPMENT; FIRM PERFORMANCE; BUSINESS GROUPS; COMPETITIVE ADVANTAGE; STRATEGIC ASSETS; LOCATION CHOICE; CAPABILITIES; INSTITUTIONS; TRANSITION; INVESTMENT;
D O I
10.1111/1467-8551.12059
中图分类号
F [经济];
学科分类号
02 ;
摘要
While the competitive advantages of firms from developed economies are well understood, knowledge of the advantages that enable emerging market enterprises (EMEs) to expand overseas remains limited. Our analysis goes beyond theorizing that focuses on firm resources, enhancing the understanding of how EMEs expand abroad by internalizing home-country institutional advantages that extend beyond the firm boundaries. More specifically, we examine how the state and institutional idiosyncrasies in the home country help EMEs internationalize. We demonstrate that state ownership has a strong independent effect on the international expansion of EMEs. This effect, however, is contingent upon firms' own resources and other location- and industry-specific forces pertaining to the market orientation of each subnational region and the institutional policies within a given industry.
引用
收藏
页码:45 / 62
页数:18
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