The Handbook of Emerging Market Multinational Corporations focuses on why emerging market multinationals internationalize, how they do so and the advantages they explore and exploit as they internationalize. The Handbook highlights the requirement for new perspectives on theory and managerial practice to better comprehend this phenomenon.
Internationalizing firms from emerging markets are sweeping the global economy. Here, expert contributors offer interesting insight into emerging market multinationals’ internationalization drivers, growth processes and expansion, and underscore similarities and differences between developed and emerging country internationalizing firms. Case studies from emerging market economies are presented, including corporations from China, Egypt, India, Thailand, Russia, and South Africa. Revised perspectives on internationalization theory are proposed, addressing changing global value chain configurations, institutional distance between home and host countries, the role of governments and preferred modes of entry into foreign markets.
This theoretical, empirical and conceptual work is a fundamental point of reference for students and academics interested in business, economics and internationalization theory. Practitioners in internationalizing firms and policy makers within government and non-governmental organizations will find this discerning book to be of great value.
|Publisher:||Elgar, Edward Publishing, Inc.|
About the Author
Edited by Mehmet Demirbag, Professor of International Business and Deputy Dean, Essex Business School, University of Essex, UK and Attila Yaprak, Professor of Marketing and International Business and Director, Doctoral Programs, Mike Ilitch School of Business, Wayne State University, US
Table of Contents
Introduction: The Rise of Internationalizing Firms from Emerging Markets
Attila Yaprak and Mehmet Demirbag
PART 1A THEORY PERSPECTIVES
1. The Many Faces of the Ever-changing Multinational Enterprise
2. Punching Above Their Weight: The Sources of Competitive Advantage for Emerging Market Multinationals
Farok J. Contractor
3. Explaining the Internationalization of Emerging Economy Multinationals: The Relative Resource Specialization of the Firm and Environment Mechanisms
Alvaro Cuervo-Cazura, Klaus Meyer and Ravi Ramamurti
PART 1B CONCEPTUAL AND EMPIRICAL CONTRIBUTIONS ON EMERGING MARKET MULTINATIONALS
4. Breakout Multinationals: Emerging Market Multinationals in Global Value Chains
5. How Institutional Distance Matters to Cross Border Mergers and Acquisitions by Multinational Enterprises from Emerging Economies in OECD Countries
Yingqi Wei and Yaoan Wu
6. Globalization of Indian Multinationals: What Lies Ahead?
Jagdish N. Sheth and Rahul Singh
7. Indian Multinationals: Location Choices of Overseas Mergers and Acquisitions
Smitha R. Nair and Mehmet Demirbag
PART II CASE STUDIES ON EMERGING MARKET MULTINATIONALS
8. Relative Risk In Emerging Markets For Emerging Multinationals: The Case of Orascom Telecom
Mauro F. Guillén, Esteban García-Canal and Laura Fernández-Méndez
9. Dynamic Capabilities, Managerial Mindsets and the Outcomes of Internationalization: The Case of Chinese State-Owned Enterprises
Lan Gao, Xiaohui Liu and Eleni Lioliou
10. South African Multinationals in Africa: Growth and Controversy
11. Acquisitions as Engines of Foreign Expansion of Russian Multinationals
12. Conclusions and Future Research Directions: Lessons Learned from the Rise of Emerging Market Multinationals
Mehmet Demirbag and Attila Yaprak