Economic Institutions and the OFDI Location Strategies of Emerging Market Multinationals: Evidence from Transition Economy Firms in the EU

2013 ◽  
Author(s):  
Sohaib Shahzad Hassan
Keyword(s):  
Transition Economy ◽  
Emerging Market ◽  
Economic Institutions ◽  
Emerging Market Multinationals ◽  
Location Strategies ◽  
The Eu

Upheaval in the distribution of power in the world economy: Problems and outlook of the world economy to 2050

2017 ◽  
pp. 114-127 ◽  
Author(s):  
V. Klinov
Keyword(s):  
Economic Policy ◽  
International Trade ◽  
World Economy ◽  
Emerging Market ◽  
Detailed Review ◽  
Depressed State ◽  
Industry Output ◽  
The World ◽  
Distribution Of Power ◽  
The Eu

Causes of upheaval in the distribution of power among large advanced and emerging market economies in the XXI century, especially in industry output and international trade, are a topic of the paper. Problems of employment, financialization and income distribution inequality as consequences of globalization are identified as the most important. Causes of the depressed state of the EU and the eurozone are presented in a detailed review. In this content, PwC forecast of changes in the world economy by 2050, to the author’s view, optimistically provides for wise and diligent economic policy.

Home country underdevelopment and internationalization

2017 ◽  
Vol 27 (3) ◽  
pp. 217-230 ◽  
Author(s):  
Alvaro Cuervo-Cazurra ◽  
Ravi Ramamurti
Keyword(s):  
Emerging Markets ◽  
Comparative Advantage ◽  
Home Country ◽  
Emerging Market ◽  
Content Type ◽  
Emerging Market Multinationals ◽  
Economic Underdevelopment ◽  
Conceptual Paper ◽  
Practical Implications ◽  
At Home

Purpose The purpose of this study is to use the rise of emerging-market multinationals as a vehicle to explore how a firm’s country of origin influences its internationalization. Design/methodology/approach This paper is a conceptual paper. Findings We argue that the home country’s institutional and economic underdevelopment can influence the internationalization of firms in two ways. First, emerging-market firms may leverage innovations made at home to cope with underdeveloped institutions or economic backwardness to gain a competitive advantage abroad, especially in other emerging markets; We call this innovation-based internationalization. Second, they may expand into countries that are more developed or have better institutions to escape weaknesses on these fronts at home; we call this escape-based internationalization. Research limitations/implications Comparative disadvantages influence the internationalization of the firm differently from comparative advantage, as it forces the firm to actively upgrade its firm-specific advantage and internationalize. Practical implications We explain two drivers of internationalization that managers operating in emerging markets can consider when facing disadvantages in their home countries and follow several strategies, namely, trickle-up innovation, self-reliant innovation, improvisation management, self-reliance management, technological escape, marketing escape, institutional escape and discriminatory escape. Originality/value We explain how a firm’s home country’s comparative disadvantage, not just its comparative advantage, can spur firms its internationalization.

Catch-up innovation in emerging market multinationals

2020 ◽  
Author(s):  
◽  
Li Chen
Keyword(s):  
Multinational Firms ◽  
Resource Constraints ◽  
Emerging Market ◽  
Measurement Model ◽  
University Of Missouri ◽  
Emerging Market Multinationals ◽  
Output Performance ◽  
Moderating Factors ◽  
Catch Up ◽  
Product Output

[ACCESS RESTRICTED TO THE UNIVERSITY OF MISSOURI AT REQUEST OF AUTHOR.] In this dissertation, I study how emerging market multinationals innovate to catch up with incumbent global leaders. By extending entrepreneurial perspectives into the emerging market context, I provide a comprehensive framework to account for EMNEs' distinctive innovation practices. In essay one, I conceptualize what I refer to as catch-up innovation as a multi-dimensional construct consisting of scarcity induced decisionmaking coupled with innovative behavior. I develop a measurement model of catch-up innovation and empirically test the validity of the measurement model using a sample of Chinese multinational firms. The results support my theoretical conceptualization. In essay two, I focus on EMNEs' aggressive commercialization practices, a unique behavioral dimension of catch-up innovation. I propose a model to explain how aggressive commercialization is influenced by institutional support factors (i.e., government encouragement and knowledge from research institutions) and resource constraints (i.e., lack of innovation capability, lack of brand equity, and lack of time). I also consider how aggressive commercialization influences EMNEs' product output performance. Additionally, I explore two sets of moderating factors, task-related capabilities and environment-related capabilities, in order to study the relationship between aggressive commercialization and product output performance. Findings from a sample of Chinese multinational firms support a majority of my hypotheses

scholarly journals Konceptualizácia a meranie variácií kapitalizmu v nových členských štátoch EÚ: Kritické zhodnotenie

2013 ◽  
Vol 15 (2–3) ◽  
pp. 136-148
Author(s):  
Pavol Baboš
Keyword(s):  
Eastern Europe ◽  
Future Research ◽  
Economic Institutions ◽  
Central Eastern Europe ◽  
Contemporary Research ◽  
Market Economic ◽  
Theoretical Reasoning ◽  
Successful Establishment ◽  
Contemporary Study ◽  
The Eu

Almost a decade has passed since the first post-communist states acceded to the EU. Ten years after confirmation of the successful establishment of democratic and market-economic institutions in these countries, it is time to ask what type of institutions really developed. This article critically reviews contemporary research into capitalism in the eight countries, the main approaches applied, and the findings published. Firstly, it attempts to identify the type of capitalism that has developed in the region. Secondly, it highlights some pitfalls in the contemporary study of capitalism in Central Eastern Europe and discusses possible remedies for future research. The main recommendation, discussed in more detail in the study, is that stricter theoretical reasoning would help to eliminate the contradictory conclusions many authors have arrived at.

scholarly journals Economic Institutions and the Location Strategies of European Multinationals in their Geographic Neighborhood

2016 ◽  
Vol 92 (4) ◽  
pp. 401-429 ◽  
Author(s):  
Andrea Ascani ◽  
Riccardo Crescenzi ◽  
Simona Iammarino
Keyword(s):  
Economic Institutions ◽  
Location Strategies
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