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

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  • Alessia Amighini

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  • Claudio Cozza

    ()

  • Elisa Giuliani

    ()

  • Roberta Rabellotti

    ()

  • Vittoria Scalera

    ()

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

Suggested Citation

  • Alessia Amighini & Claudio Cozza & Elisa Giuliani & Roberta Rabellotti & Vittoria Scalera, 2015. "Multinational enterprises from emerging economies: what theories suggest, what evidence shows. A literature review," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 42(3), pages 343-370, September.
  • Handle: RePEc:spr:epolin:v:42:y:2015:i:3:p:343-370
    DOI: 10.1007/s40812-015-0011-8
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    Cited by:

    1. Vallejo, Bertha, 2015. "The emergence of parallel trajectories in the automobile industry: Environmental issues and the creation of new markets," MERIT Working Papers 037, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    2. Xie, En & Reddy, K.S. & Liang, Jie, 2017. "Country-specific determinants of cross-border mergers and acquisitions: A comprehensive review and future research directions," Journal of World Business, Elsevier, vol. 52(2), pages 127-183.
    3. Valeria, Gattai & Rajssa, Mechelli & Piergiovanna, Natale, 2016. "FDI and Heterogeneous Firms: Evidence from BRIC Countries," Working Papers 322, University of Milano-Bicocca, Department of Economics, revised 18 Jan 2016.

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    Keywords

    Emerging Economy Multinational Enterprises; Country-specific advantages; Firm-specific advantages; Foreign direct investment strategies; Mode of entry; F23; O32;

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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