What does it matter about the home countries of emerging multinationals?
AbstractThe recent emergence of new multinational enterprises from developing countries (EMNE) is challenging some basic pillars of the theory of the firm' internationalization and provides new insights for development studies. In this paper we test empirically what aspects at the home country level may facilitate the promotion and success of EMNE that permits the generation of firms' specific advantages in developing contexts. Their identification would complement the explanation of the EMNE phenomena from a country perspective, underlying that institutions and technology are key fields for the definition of policy implications and actions. In the empirical analysis, we use panel data for both developed and developing economies in the period 1996-2009 to capture the international differences and the dynamics in a cross-country study. From a perspective of home national systems of innovation, our contribution shows that the presence of some factors at national level are critical in the definition of a capabilities' accumulation process that enhances the generation of EMNE, and what are the distinctive features in the case of developing economies.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by IIIS in its series The Institute for International Integration Studies Discussion Paper Series with number iiisdp434.
Date of creation:
Date of revision:
Emerging Multinational Enterprises; Developing Countries; Outward FDI; National Systems of Innovation;
Find related papers by JEL classification:
- A20 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - General
This paper has been announced in the following NEP Reports:
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Rugman, Alan M. & Li, Jing, 2007. "Will China's Multinationals Succeed Globally or Regionally?," European Management Journal, Elsevier, vol. 25(5), pages 333-343, October.
- Kalotay, Kalman & Sulstarova, Astrit, 2010. "Modelling Russian outward FDI," Journal of International Management, Elsevier, vol. 16(2), pages 131-142, June.
- Dosi, Giovanni, 1988. "Sources, Procedures, and Microeconomic Effects of Innovation," Journal of Economic Literature, American Economic Association, vol. 26(3), pages 1120-71, September.
- Narula,Rajneesh & Criscuolo,Paola, 2002.
"A novel approach to national technological accumulation and absorptive capacity: Aggregating Cohen and Levinthal,"
018, Maastricht University, Maastricht Economic Research Institute on Innovation and Technology (MERIT).
- Paola Criscuolo & Rajneesh Narula, 2008. "A novel approach to national technological accumulation and absorptive capacity: aggregating Cohen and Levinthal," European Journal of Development Research, Taylor and Francis Journals, vol. 20(1), pages 56-73.
- Tan, Danchi & Meyer, Klaus E., 2010. "Business groups' outward FDI: A managerial resources perspective," Journal of International Management, Elsevier, vol. 16(2), pages 154-164, June.
- Álvarez, Isabel & Marín, Raquel, 2010. "Entry modes and national systems of innovation," Journal of International Management, Elsevier, vol. 16(4), pages 340-353, December.
- Louis T Wells, 1998. "Multinationals and the Developing Countries," Journal of International Business Studies, Palgrave Macmillan, vol. 29(1), pages 101-114, March.
- John Dunning & Sarianna Lundan, 2008. "Institutions and the OLI paradigm of the multinational enterprise," Asia Pacific Journal of Management, Springer, vol. 25(4), pages 573-593, December.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Eva Mateo).
If references are entirely missing, you can add them using this form.