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International diversification of the emerging-market enterprises: A multi-level examination

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  • Sahaym, Arvin
  • Nam, Daeil
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    Abstract

    This study develops a cross-level research model based on insights from the capabilities view and institutional theory. We examine the drivers of international diversification for firms from emerging economies, specifically how top managers’ prior experiences and a favorable institutional environment for human capital affects the international diversification of emerging-market enterprises (EMEs). This research demonstrates that firm- and country-level factors collectively influence the international diversification of EMEs. We find that an EME whose top managers have global managerial and technological experiences is more likely to venture into international markets when a favorable institutional environment provides globally competitive, highly skilled human capital. This study demonstrates that for a multidimensional phenomenon such as EMEs’ international diversification, a more complete picture emerges given a theoretical framework that builds on diverse perspectives which are empirically tested across levels.

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    Bibliographic Info

    Article provided by Elsevier in its journal International Business Review.

    Volume (Year): 22 (2013)
    Issue (Month): 2 ()
    Pages: 421-436

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    Handle: RePEc:eee:iburev:v:22:y:2013:i:2:p:421-436

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    Related research

    Keywords: Resource- and Capabilities-based views; Emerging-market enterprises; Institutional environment; Multi-level analysis; Multinational Corporations; Top management team;

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