Internalization theory and the performance of emerging-market multinational enterprises

Peter J. Buckley and Xiaowen Tian

International Business Review, 2017, vol. 26, issue 5, 976-990

Abstract: 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.

Keywords: Internalization theory; Multinational enterprise; Emerging market; Performance; Global factory (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (27)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:iburev:v:26:y:2017:i:5:p:976-990

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DOI: 10.1016/j.ibusrev.2017.03.005

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