THE INTERNATIONALIZATION OF MNES FROM AND TO BRICS COUNTRIES: THE CASE OF THE INDUSTRIAL MACHINERY INDUSTRY

Fiorenza Belussi (), Giulia Rudello () and Maria Savarese ()
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Fiorenza Belussi: University of Padova
Giulia Rudello: University of Padova
Maria Savarese: University of Padova

No 205, "Marco Fanno" Working Papers from Dipartimento di Scienze Economiche "Marco Fanno"

Abstract: Global investment trends changed radically in past decades. An important issue, still open in the literature, refers to emerging multinational enterprises (EMNEs) internationalization processes and whether they are dissimilar or not to those of developed countries multinational enterprises-DMNEs. The aim of this analysis is to study the different internationalization patterns and drivers of EMNEs and DMNEs by using the acquisitions and joint ventures from BRICSs to Triad countries and from Triad countries to BRICSs occurred in the industrial machinery industry from 2000 to 2014. Our data shows that DMNEs internationalisation pattern is profoundly different from the EMNEs internationalisation pattern. This is in line with EMNEs need to control critical assets and resources, especially technologies and “knowledge assets”. In fact they acquire firms high technological potentialities. DMNEs balance their transaction between acquisition and joint-ventures, looking at non innovative firms when they use the acquisition mode while they are more focused on innovative firms and branded firms when they establish a joint-ventures.

Keywords: MNEs; emerging countries MNEs; acquisitions; joint-ventures. (search for similar items in EconPapers)
JEL-codes: F23 G34 L64 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2016-04
New Economics Papers: this item is included in nep-cse
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Citations: View citations in EconPapers (1)

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