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The dynamics of emerging economy MNEs: How the internationalization process model can guide future research

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  • Klaus Meyer

    ()

  • Ornjira Thaijongrak

    ()

Abstract

The rapid emergence of multinational enterprises (MNEs) from emerging economies calls for a re-assessment of established theories of the MNE. We assess the usefulness of the internationalization process model (IPM), also known as the Uppsala model, to explain the recent strategies of emerging economy MNEs. We argue that popular stages models derived from the IPM are not helpful, but the underlying process of experiential learning driving steps of increased commitment is an important element in explaining the evolution of these MNEs over time. Focusing on the role of acquisitions within internationalization processes, we illustrate our arguments with six case studies of Thai MNEs. On this basis, we discuss how the IPM can inform future research on emerging economy MNEs. Specifically, the IPM suggests focusing on the internal and external factors that may induce firms to accelerate their cycle of international learning and commitment, in particular the roles of networks, acquisitions, human resources, big step commitments, the home country institutional environment, and possible managerial biases. Copyright Springer Science+Business Media, LLC 2013

Suggested Citation

  • Klaus Meyer & Ornjira Thaijongrak, 2013. "The dynamics of emerging economy MNEs: How the internationalization process model can guide future research," Asia Pacific Journal of Management, Springer, vol. 30(4), pages 1125-1153, December.
  • Handle: RePEc:kap:asiapa:v:30:y:2013:i:4:p:1125-1153
    DOI: 10.1007/s10490-012-9313-9
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    Cited by:

    1. Martha RIVERA & Silvia CACHO-ELIZONDO, 2015. "Going Global: Key Insights from Two Mexican Companies," Management Dynamics in the Knowledge Economy Journal, College of Management, National University of Political Studies and Public Administration, vol. 3(4), pages 693-715, December.
    2. repec:pal:jintbs:v:48:y:2017:i:9:d:10.1057_s41267-017-0119-3 is not listed on IDEAS
    3. Christopher Williams & Ana Colovic & Jiqing Zhu, 2016. "Foreign Market Knowledge, Country Sales Breadth And Innovative Performance Of Emerging Economy Firms," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 20(06), pages 1-25, August.
    4. repec:spr:manint:v:55:y:2015:i:3:d:10.1007_s11575-014-0221-8 is not listed on IDEAS
    5. repec:kap:asiapa:v:34:y:2017:i:4:d:10.1007_s10490-016-9494-8 is not listed on IDEAS
    6. Michael Carney, 2015. "Capacity building at the Asia Pacific Journal of Management," Asia Pacific Journal of Management, Springer, vol. 32(4), pages 827-833, December.
    7. Reddy, Kotapati Srinivasa, 2015. "Macroeconomic Change, and Cross-border Mergers and Acquisitions: The Indian Experience, 1991-2010," MPRA Paper 63562, University Library of Munich, Germany, revised 2015.
    8. Lebedev, Sergey & Peng, Mike W. & Xie, En & Stevens, Charles E., 2015. "Mergers and acquisitions in and out of emerging economies," Journal of World Business, Elsevier, vol. 50(4), pages 651-662.
    9. Yuksel Ayden, 2015. "A Critical Review of Theoretical Perspectives on Emerging Economy Multinationals," European Journal of Economic and Political Studies, Fatih University, vol. 8(1), pages 19-42.
    10. Meyer, Klaus E. & Thein, Htwe Htwe, 2014. "Business under adverse home country institutions: The case of international sanctions against Myanmar," Journal of World Business, Elsevier, vol. 49(1), pages 156-171.
    11. repec:eee:worbus:v:53:y:2018:i:4:p:514-528 is not listed on IDEAS
    12. Peter Hertenstein & Dylan Sutherland & John Anderson, 2017. "Internationalization within networks: Exploring the relationship between inward and outward FDI in China’s auto components industry," Asia Pacific Journal of Management, Springer, vol. 34(1), pages 69-96, March.
    13. Zhenzhen Xie & Jiatao Li, 2017. "Selective imitation of compatriot firms: Entry mode decisions of emerging market multinationals in cross-border acquisitions," Asia Pacific Journal of Management, Springer, vol. 34(1), pages 47-68, March.
    14. repec:kap:asiapa:v:34:y:2017:i:4:d:10.1007_s10490-016-9485-9 is not listed on IDEAS
    15. Bersant Hobdari & Peter Gammeltoft & Jing Li & Klaus Meyer, 2017. "The home country of the MNE: The case of emerging economy firms," Asia Pacific Journal of Management, Springer, vol. 34(1), pages 1-17, March.
    16. repec:kap:asiapa:v:35:y:2018:i:2:d:10.1007_s10490-017-9560-x is not listed on IDEAS

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