Emerging Market Multinational Companies and Internationalization: A Multilevel Study of the Influence of Home Country and Industry Conditions

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    This paper furthers our understanding of the role of contextual conditions influencing internationalization of emerging market multinational companies (EMNCs). We use resource-based, industrial organization, and economic development theories to develop a multilevel theoretical framework for investigating the importance of specific contextual factors at home country as well as industry level for EMNC international expansion. We develop a multilevel theoretical framework for investigating the importance of specific contextual factors at the home country and industry level that may act as either enablers or barriers to international expansion of EMNCs. The empirical counterpart studies 790 EMNCs from 18 different countries and largely confirms our hypotheses. We find that intangible resources are more important for firms operating in globalized industries. In addition, while the level of urbanization of the home country enhances the effects of tangible resources, it reduces the impact of intangible firm level resources on firm internationalization. We discuss these findings in relation to international business theories and illustrate the importance of context for EMNC internationalization.
    Original languageEnglish
    Title of host publicationProceedings of the 56th Annual Meeting of the Academy of International Business : Local Contexts in Global Business
    EditorsKlaus Meyer, Tunga Kiyak
    Place of PublicationEast Lansing, MI
    PublisherAcademy of International Business
    Publication date2014
    Publication statusPublished - 2014
    EventAIB 2014 Annual Meeting : Local Context in Global Business - Westin Bayshore, Vancouver, Canada
    Duration: 23 Jun 201426 Jun 2014
    Conference number: 56


    ConferenceAIB 2014 Annual Meeting
    LocationWestin Bayshore
    Internet address
    SeriesAcademy of International Business. Annual Meeting. Proceedings

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