- 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 aims to take stock of existing research on emerging economy multinationals (EMNEs) in advanced host economies, a phenomenon often referred to as “South-North investment.” Both the extent of such investments and the stage in the firms’ internationalization life cycle in which these occur challenge some of the tenets of the traditional theories of multinational enterprises. The chapter critically evaluates the literature on this phenomenon and identifies three research themes related to the strategic motivation behind the investments, institutional influences, and network-based resources that explain EMNEs’ aggressive forays in advanced economies. Collectively, these theoretical and empirical studies contribute to a rethinking and refinement of current traditional understanding of the pace and paths of firm internationalization. The chapter further suggests that the unique strategic asset-seeking orientation behind EMNEs investments in advanced markets and the institutional support facilitating such expansion create important strategic and organizational challenges for these firms in their globalization efforts. Accordingly, the chapter identifies some research possibilities around related themes of ambidexterity, comparative institutionalism, and legitimacy that may facilitate further theorization and a better understanding of both normative and policy implications of the increasing investments of EMNEs in more developed economic and institutional environments.
Keywords: South-North investment, strategic asset-seeking, institutional perspective, internationalization process, risk-taking behavior, emerging market multinationals
Lin Cui, Australian National University
Preet S. Aulakh, York University
Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.
Please subscribe or login to access full text content.
If you have purchased a print title that contains an access token, please see the token for information about how to register your code.
For questions on access or troubleshooting, please check our FAQs, and if you can''t find the answer there, please contact us.
- 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
