Open Access
Subscription Access
Open Access
Subscription Access
Internationalization of Emerging Economy Firms – Need for New Theorizing
Subscribe/Renew Journal
The paper argues that the extant theories are too broad to explain certain attributes of the internationalization process adopted by emerging economy firms. It seeks to strengthen the existing theories by suggesting directions for new theorization in the context of internationalization of firms from emerging economies such as India. The author reviews the relevant theoretical literature on the international expansion of firms in general and by TMNCs in particular. The paper examines evidence from the unique context of the internationalization of emerging economy firms and offers an argument for the need for fresh theorizing.
Subscription
Login to verify subscription
User
Font Size
Information
- Aulakh,P.S.(2007), “Emerging Multinationals from Developing Economies: Motivations, Paths and Performance”, Journal of International Management, 13: 235-40.
- Barkema, H. G. & Vermeulen, F. (1998), “International Expansion through Start-up or Acquisition: A Learning Perspective”, Academy of Management Journal, 41(1): 7-26.
- Buckley, P.J. & Casson, M. (1976), The Future of the Multinational Enterprise, Mac- Millan, London.
- Capron, L., Dussauge, P. & Mitchell, W. (1998), “Resource Redeployment Following Horizontal Acquisitions in Europe and North America, 1988–1992”, Strategic Management Journal, 19(7): 631-61.
- Child, J. & Rodrigues, S.B. (2005), “The Internationalization of Chinese Firms: a Case for Theoretical Extension?” Management and Organization Review, 1(3): 381-410.
- Chittoor, R., Sarkar, M.B., Ray, S, Aulakh, P.S. (2009), “Thirld-Word Copycats to Emerging Multinationals: Institutional Changes and Organizational Transformation in the Indian Pharmaceutical Industry”, Organization Science, 20(1): 187-205.
- Craig, C. S. & Douglas, S. P.(1997), “Managing the Transnational Value Chain: Strategies for Firms from Emerging Markets”, Journal of International Marketing, 5(3): 71- 84.
- Dawar, N. & Frost, T. (1999), “Competing with Giants: Survival Strategies for Local Companies in Emerging Markets”, Harvard Business Review, 77(2): 119-29.
- Dunning, J.H. (1980), “Toward an Eclectic Theory of International Production: Some Empirical Tests”, Journal of International Business Studies, 11(1): 9-31
- Dunning, J.H. (1981), “Explaining the International Direct Investment Position of Countries: Towards a Dynamic or Developmental Approach”, Weltwirtsch- aftliches Archiv, 119 :30-64.
- Dunning, J.H. (1988), “The Eclectic Paradigm of International Production: A Restatement and Some Possible Extensions”, Journal of International Business Studies, 19:1-31.
- Dunning, J.H., Van Hoesel, R. & Narula, R. (1998), “Third World Multinationals Revisited: New Developments and Theoretical Implications”, in: J.H. Dunning (Ed.), Globalization, Trade and Foreign Direct Investment. Elsevier Science, Oxford, UK 13:.255-86.
- Elango, B. & Pattnaik, C. (2007), “Building Capabilities for International Operations through Networks: A Study of Indian Firms”, Journal of International Business Studies, 38(4):541-55.
- Fombrun, C. (2005), “Corporate Reputations as Economic Assets”, in M. Hitt, R.E. Freeman, & J.S. Harrison (Eds.), The Blackwell Handbook of Strategic Management: 289-312. U.K.: Blackwell.
- Gaur, A. S. & Delios, A. (2006), “Business Group Affiliation and Firm Performance during Institutional Transition”, Proceedings of the Academy of Management Annual Meeting, Atlanta.
- Gubbi, S., Aulakh, P., Ray S., Sarkar, M.B., & Chittoor, R. (Forthcoming) “Do International Acquisitions by Emerging Economy Firms Create Shareholder Value? The Case of Indian Firms” Journal of International Business Studies.
- Guillen, M.F. (2000), “Business Groups in Emerging Economies: A Resource-Based View”, Academy of Management Journal, 43(3): 362-80.
- Heenan, D.A.& Keegan, W.J. (1979), “The Rise of Third World Multinationals”, Harvard Business Review, Jan-Feb :101-09.
- Hennart, J-F. (1982), A Theory of Multinational Enterprise. University of Michigan Press, Ann Arbor, MI.
- Hill, C.W.L., Hwang, P. & Kim, W.C. (1990), “An Eclectic Theory of the Choice of International Entry Mode”, Strategic Management Journal, 11:117-28.
- Hitt, M. A., Li, H., & Worthington, W. J. (2005), “Emerging Markets as Learning Laboratories: Learning Behaviours of Local Firms and Foreign Entrants in Different Institutional Contexts”, Management and Organization Review, 1(3): 353-80.
- Hitt, M. A., Tihanyi, L., Miller, T., & Connelly, B. (2006), “International Diversification: Antecedents, Outcomes, and Moderators”, Journal of Management, 32(6): 831-67.
- Hoskisson, R., Eden, L., Lau, C-M. & Wright, M. (2000), “Strategy in Emerging Economies”, Academy of Management Journal, 43:249–67.
- Johanson, J. & Wiedersheim-Paul, F. (1975), “The Internationalization of the Firm – Four Swedish Cases”, Journal of Management Studies, 12:305-22
- Johanson, J.& Vahlne, J. (1977), “The Internationalization Process of the Firm – a Model of Knowledge Development and Increasing Foreign Market Commitments”, Journal of International Business Studies, 8(1):23-32
- Khanna, T. & Rivkin, J. (2001), “Estimating the Performance of Business Groups in Emerging Markets”, Strategic Manage-ment Journal, 22:45–74.
- Khanna, T. & Palepu, K. G. (2006), “Emerging Giants: Building World-class Companies in Developing Countries”, Harvard Business Review, 84(10).
- Kim, W.C. & Hwang, P. (1992), “Global Strategy and Multinationals’ Entry Mode Choice”, Journal of International Business Studies, 23: 29-53. Kuemmerle, W. (1996), “The Drivers of Foreign Direct Investment into Research and Development: An Empirical Investigation”, Working Paper no.96:062, Harvard Business School, Boston, MA.
- Kumar, K. & McLeod, M.G. (Eds.) (1981), Multinationals from Developing Countries. Lexington: D.C. Heath.
- Lall, S. (1983), The New Multinationals: the Spread of Third World Enterprises. John Wiley & Sons, Chichester.
- Lamin, A. (2006), “The Effect of Business Group Affiliation on Firm Market and International Strategies”, Unpublished dissertation, Carlson School of Management, University of Minnesota.
- Luo, Y. & Tung, R.L. (2007), “International Expansion of Emerging Market Enterprises: A Springboard Perspective”, Journal of International Business Studies. 38: 481-498.
- Madhok, A. (1997), “Cost, Value and Foreign Market Entry Mode: the Transaction and the Firm”, Strategic Management Journal, 18:39-61.
- MAPE (2006), India Inc. Goes Abroad, Bangalore, India: Mape Advisory Group.
- Mathews, J. A. (2006), “Dragon Multinationals: New Players in 21st Century Globalization”, Asia Pacific Journal of Management, 23(1):5-27.
- Mitchell, W. & Shaver, J. M. (2002), “What Role Do Acquisitions Play in Asian Firms’ Global Strategies? Evidence from the Medical Sector, 1978–1995”, Asia Pacific Journal of Management, 19(4):489-502.
- Porter, M. (1990), The Competitive Advantage of Nations. The Free Press, New York. Sarkar, M.B., Cavusgil, S.T. & Aulakh, P.S. (1999), “International Expansion of Telecommunication Carriers: The Influence of Market Structure, Network Characteristics, and Entry Imperfections”, Journal of International Business Studies, 30(2): 361-81.
- Shan, W. & Song, J. (1997), “Foreign Direct Investment and the Sourcing of Technological Advantage: Evidence from the Biotechnology Industry”, Journal of International Business Studies, 28/2:267-84.
- Sim, A.B. & Pandian, J.R. (2003), “Emerging Asian MNEs and Their Internationalization Strategies – Case Study Evidence on Taiwanese and Singaporean Firms”, Asia Pacific Journal of Management, 20(1): 27-50.
- Strachan, H.W. (1976), Family and Other Business Groups in Economic Development: The Case of Nicaragua, New York: Praeger.
- United Nations Conference on Trade and Development (UNCTAD) (2006), World Investment Report, 2006: FDI from Developing and Transition Economies: Implications for Development, United Nations, New York and Geneva.
- Vermeulen, F. & Barkema, H. (2001), “Learning through Acquisitions”, Academy of Management Journal, 44(3): 457-76.
- Vernon, R. (1966), “International Investment and International Trade in the Product Life Cycle”, Quarterly Journal of Economics, 80:90-207
- Wells, L.T. (1983), Third World Multinationals. MIT Press, Cambridge, MA. Yeung, W.H. (1994), “Third World Multinationals Revisited: a Research Critique and Future Agenda”, Third World Quarterly, 15(2): 297-317.
- Zutshi, R.& Gibbons, P.T. (1998), “The Internationalization Process of Singapore Government-linked Companies: a Contextual View”, Asia Pacific Journal of Management, 15: 219-46.
Abstract Views: 293
PDF Views: 0