Third-World Copycats to Emerging Multinationals: Institutional Changes and Organizational Transformation in the Indian Pharmaceutical Industry

• 成果类型: Review
• 署名作者: Chittoor, Raveendra; Sarkar, M. B.; Ray, Sougata; Aulakh, Preet S.
• 署名单位: Indian Institute of Management (IIM System); Indian Institute of Management Calcutta; Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University; Grenoble Ecole Management; York University - Canada
• 刊物名称: ORGANIZATION SCIENCE
• ISSN/ISSBN: 1047-7039
• DOI: 10.1287/orsc.1080.0377
• 发表日期: 2009
• 页码: 187-205
• 关键词: emerging multinationals; economic liberalization; business groups; resource internationalization; emerging economies; Pharmaceutical industry; GLOBALIZATION

摘要

This article investigates how Indian pharmaceutical firms, facing discontinuous institutional changes in their domestic environment due to economic liberalization and intellectual property reforms, have undertaken organizational transformation. Internationalization of resources and product markets constitutes an important component of organizational transformation for local firms in emerging economies. Using longitudinal data on 206 Indian pharmaceutical firms from 1995-2004, we find that firms' access to international technological and financial resources enables product market internationalization. Furthermore, we theorize and find support for our predictions that the association between international resources and markets is conditioned by time and business group affiliation, and product market internationalization affects financial performance. Several implications thus emerge for theory and practice associated with the sources of competitiveness in emerging economy firms and their transformation into globally competitive multinational firms.