- The Oxford Handbook of Management in Emerging Markets
- About the Editors
- Contributors
- Introduction to Managing in Emerging Markets
- Conceptual Approaches to Managing in Emerging Markets
- International Business and Emerging Markets in Historical Perspective
- Economics, Transitions, and Traps in Emerging Markets
- Institutional Theory Perspectives on Emerging Markets
- Emerging Markets and the International Investment Law and Policy Regime
- Financial Decisions, Behavioral Biases, and Governance in Emerging Markets
- Comparative Corporate Governance in Emerging Markets
- Consumer Behavior in Emerging Markets
- Examining Base of the Pyramid (BoP) Venture Success Through the Mutual Value CARD Approach
- Regulatory Institutions and Multinational Companies in Emerging Markets
- Corporate Political Ties in Emerging Markets
- Adjustment of MNE Geographic Market Strategy in Responding to the Rise of Local Competitors in an Emerging Market
- Global Production Networks, Territoriality, and Political Authority
- Innovation in Emerging Markets
- Human Rights, Emerging Markets, and International Business
- Spillovers from FDI in Emerging Market Economies
- Risk Management for Companies Operating in Emerging Markets
- Entrepreneurship in Emerging Markets
- Innovation and Internationalization of SMEs in Emerging Markets
- Family Business in Emerging Markets
- The Economic and Sociological Approaches to Research on Business Groups in Emerging Markets
- State-Owned Multinationals in International Competition
- Local Firms Within Global Value Chains: From Local Assembler to Value Partner
- Emerging Market Multinationals in Advanced Economies
- Investments by Emerging-Market Multinationals in Other Emerging Markets
- Human Resource Management in Emerging Markets
- Managing Multinationals in Brazil: Opportunities and Challenges
- Managing Emerging Markets in Russia
- How Technology-Based Firms from India Deal with Legitimacy Challenges in International Markets
- How Real are the Opportunities for Multinationals in China?
- Managing in Emerging Markets in Central and Eastern Europe
- Operating Across Levels in the Global Economic Hierarchy: Insights from South Africa’s Setting in Wider Africa and the World
- Management in Southeast Asia: A Business Systems Perspective
- Index
Abstract and Keywords
This chapter frames risk management for firms operating in emerging markets by addressing three sets of questions: What are the (drivers of) risks? How does the incidence of these risks depend on the nature of the investment at risk? How should these risks be managed? The answers to these questions are framed in terms of (i) an “inside-out” classification of risks, (ii) specific measures to manage risks, and (iii) the principle of comparative advantage in bearing risk. These then are traced through the risk profiles and risk management possibilities facing “traditional multinational corporations” with operations in emerging markets, as well as MNCs whose global value chains include emerging markets.
Keywords: emerging markets, global value chains, risk management, comparative advantage in risk management
Donald Lessard, Massachusetts Institute of Technology
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- The Oxford Handbook of Management in Emerging Markets
- About the Editors
- Contributors
- Introduction to Managing in Emerging Markets
- Conceptual Approaches to Managing in Emerging Markets
- International Business and Emerging Markets in Historical Perspective
- Economics, Transitions, and Traps in Emerging Markets
- Institutional Theory Perspectives on Emerging Markets
- Emerging Markets and the International Investment Law and Policy Regime
- Financial Decisions, Behavioral Biases, and Governance in Emerging Markets
- Comparative Corporate Governance in Emerging Markets
- Consumer Behavior in Emerging Markets
- Examining Base of the Pyramid (BoP) Venture Success Through the Mutual Value CARD Approach
- Regulatory Institutions and Multinational Companies in Emerging Markets
- Corporate Political Ties in Emerging Markets
- Adjustment of MNE Geographic Market Strategy in Responding to the Rise of Local Competitors in an Emerging Market
- Global Production Networks, Territoriality, and Political Authority
- Innovation in Emerging Markets
- Human Rights, Emerging Markets, and International Business
- Spillovers from FDI in Emerging Market Economies
- Risk Management for Companies Operating in Emerging Markets
- Entrepreneurship in Emerging Markets
- Innovation and Internationalization of SMEs in Emerging Markets
- Family Business in Emerging Markets
- The Economic and Sociological Approaches to Research on Business Groups in Emerging Markets
- State-Owned Multinationals in International Competition
- Local Firms Within Global Value Chains: From Local Assembler to Value Partner
- Emerging Market Multinationals in Advanced Economies
- Investments by Emerging-Market Multinationals in Other Emerging Markets
- Human Resource Management in Emerging Markets
- Managing Multinationals in Brazil: Opportunities and Challenges
- Managing Emerging Markets in Russia
- How Technology-Based Firms from India Deal with Legitimacy Challenges in International Markets
- How Real are the Opportunities for Multinationals in China?
- Managing in Emerging Markets in Central and Eastern Europe
- Operating Across Levels in the Global Economic Hierarchy: Insights from South Africa’s Setting in Wider Africa and the World
- Management in Southeast Asia: A Business Systems Perspective
- Index
