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Multinational enterprises from emerging economies: what theories suggest, what evidence shows. A literature review

Alessia Amighini (), Claudio Cozza (), Elisa Giuliani (), Roberta Rabellotti () and Vittoria Scalera ()

Economia e Politica Industriale: Journal of Industrial and Business Economics, 2015, vol. 42, issue 3, 343-370

Abstract: The phenomenon of Emerging Economy Multinational Enterprises (EMNEs) and their internationalization process have sparked the debate over the appropriateness of International Business theories to study EMNEs’ internationalization processes. The literature has extensively investigated what distinguishes EMNEs from Advanced Country Multinational Enterprises (AMNEs). This review summarizes and discusses some of the issues that have mostly attracted scholarly debate in this research area. We discuss the specificities of EMNEs: how they differ from AMNEs with respect to three very important and well studied topics: first, country-specific and firm-specific advantages; second, motivations for investing abroad; and third, different modes of entry into foreign markets. We conclude that EMNEs do differ from AMNEs, although these differences may be contingent and transitory. Copyright Associazione Amici di Economia e Politica Industriale 2015

Keywords: Emerging Economy Multinational Enterprises; Country-specific advantages; Firm-specific advantages; Foreign direct investment strategies; Mode of entry; F23; O32 (search for similar items in EconPapers)
Date: 2015
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DOI: 10.1007/s40812-015-0011-8

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Economia e Politica Industriale: Journal of Industrial and Business Economics is currently edited by C. Cambini, M.G. Colombo, L. Piscitello, L. Rondi and A. Zanfei

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