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作者:Buckley, Peter J.; Clegg, L. Jeremy; Cross, Adam R.; Liu, Xin; Voss, Hinrich; Zheng, Ping
作者单位:University of Leeds
摘要:This study investigates the determinants of Chinese outward direct investment (ODI) and the extent to which three special explanations (capital market imperfections, special ownership advantages and institutional factors) need to be nested within the general theory of the multinational firm. We test our hypotheses using official Chinese ODI data collected between 1984 and 2001. We find Chinese ODI to be associated with high levels of political risk in, and cultural proximity to, host countries...
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作者:Elango, B.; Pattnaik, Chinmay
作者单位:Illinois State University; Yonsei University
摘要:In this study we seek to explain how firms from emerging markets build capabilities to operate in international markets through learning from parental networks. The building of these capabilities is of particular interest, as firms from emerging markets may not necessarily possess the monopolistic advantages commonly referred to in IB literature, which allow a firm to succeed in international markets. Using lagged cross-sectional regression models on a sample of 794 Indian firms, we found that...
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作者:Chan, Christine M.; Makino, Shige
作者单位:University of Hong Kong; Chinese University of Hong Kong
摘要:In this study, we examine from an institutional perspective the legitimacy rationale behind the choice of subsidiary ownership structure among multinational corporations (MNCs). We suggest that, when under a strong pressure to conform at the host country and local industry levels of their institutional environment, MNCs are likely to take a lower ownership stake in exchange for external legitimacy in the host country or local industry that their foreign subsidiaries are entering. We also sugge...
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作者:Adler, Nicole; Hashai, Niron
作者单位:Hebrew University of Jerusalem
摘要:This research develops a location-allocation, mixed integer linear model that simultaneously evaluates a substantial number of multinational enterprise (MNE) location and control configurations to yield an optimal network, considering R&D, production and marketing facilities, produced in-house and/ or outsourced. The model places special emphasis on the role of intra- firm, inter-firm and extra-firm knowledge flows in addressing cost minimisatio considerations of MNEs. A simulation analysis is...
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作者:Witt, Michael A.; Lewin, Arie Y.
作者单位:INSEAD Business School; Duke University
摘要:In this perspective paper we argue that outward foreign direct investment (OFDI) undertaken as escape response to perceived misalignment between firm needs and home country institutional conditions represents an important but under-explored phenomenon in the international business (IB) literature. We propose that, in advanced industrialized nations, the extent of OFDI as escape is likely to rise with the extent of societal coordination in the political economy. Societal coordination is associa...
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作者:Yiu, Daphne W.; Lau, ChungMing; Bruton, Garry D.
作者单位:Chinese University of Hong Kong; Texas Christian University
摘要:Past literature on foreign direct investment generally supports an economics perspective that there is a direct relationship between firm-specific ownership advantages and international expansion. However, in emerging economies, with their institutional environment context characterized by low resource munificence and continuous economic liberalization, a theoretical extension of the current perspective is needed. This paper introduces new parameters by focusing on specific ownership advantage...
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作者:Luo, Yadong; Tung, Rosalie L.
作者单位:University of Miami; Simon Fraser University
摘要:In this article, we present a springboard perspective to describe the internationalization of emerging market multinational corporations ( EM MNEs). EM MNEs use international expansion as a springboard to acquire strategic resources and reduce their institutional and market constraints at home. In so doing, they overcome their latecomer disadvantage in the global stage via a series of aggressive, risk-taking measures by aggressively acquiring or buying critical assets from mature MNEs to compe...
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作者:Filatotchev, Igor; Strange, Roger; Piesse, Jenifer; Lien, Yung-Chih
作者单位:University of London; King's College London; Stellenbosch University; National Taiwan Ocean University
摘要:Previous studies emphasise that the foreign direct investment (FDI) strategies of firms from newly industrialised economies (NIEs) are different from the FDI strategies of firms from developed economies. It has also been shown that NIE firms are often controlled by founding families who make key strategic decisions, and that they rely heavily on network linkages when developing their FDI strategies. What is less clear, however, is how the corporate governance factors in NIEs, the risk preferen...
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作者:Bjorkman, Ingmar; Stahl, Gunter K.; Vaara, Eero
作者单位:INSEAD Business School; emlyon business school; INSEAD Business School
摘要:This paper presents an integrative model of the impact of cultural differences on capability transfer in cross-border acquisitions. We propose that cultural differences affect the post- acquisition capability transfer through their impact on social integration, potential absorptive capacity, and capability complementarity. Two dynamic variables - the use of social integration mechanisms, and the degree of operational integration of the acquired unit - are proposed to moderate the effects of cu...
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作者:Kali, Raja; Reyes, Javier
作者单位:University of Arkansas System; University of Arkansas Fayetteville
摘要:We combine data on international trade linkages with network methods to examine the global trading system as an interdependent complex network. We map the topology of the international trade network, and suggest new network-based measures of international economic integration, at both a global system-wide level and a local country level. We develop network-based measures that incorporate not only the volume of trade but also the influence that a country has on the international trading system....