Handbook of Emerging Market Multinational Corporations


Handbook of Emerging Market Multinational Corporations

9781782544999 Edward Elgar Publishing
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
Publication Date: 2015 ISBN: 978 1 78254 499 9 Extent: 304 pp
This Handbook, compiled by leading scholars of international business, focuses on why emerging market multinationals internationalize, how they do so, what advantages they explore and exploit as they internationalize, and what strategies they implement when competing abroad. Collectively, these contributions offer interesting insight into emerging market multinationals’ internationalization drivers, growth processes, and expansion behaviour and underscore how these might be similar to and different from the international expansion of developed country internationalizing firms.

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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.
Contributors: Y. Aharoni, F. J. Contractor, A. Cuervo-Cazurra, M. Demirbag, L. Fernández-Méndez, L. Gao, E. García-Canal, M.F. Guillén, K. Kalotay, E. Lioliou, X. Liu, K. Meyer, S.R. Nair, P. Pananond, R. Ramamurti, J.N. Sheth, R. Singh, Y. Wei, G. Wood, Y. Wu, A. Yaprak

Introduction: The Rise of Internationalizing Firms from Emerging Markets
Attila Yaprak and Mehmet Demirbag

1. The Many Faces of the Ever-changing Multinational Enterprise
Yair Aharoni

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

4. Breakout Multinationals: Emerging Market Multinationals in Global Value Chains
Pavida Pananond

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

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
Geoffrey Wood

11. Acquisitions as Engines of Foreign Expansion of Russian Multinationals
Kalman Kalotay

12. Conclusions and Future Research Directions: Lessons Learned from the Rise of Emerging Market Multinationals
Mehmet Demirbag and Attila Yaprak


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