- Copyright Page
- List of Figures
- List of Tables
- List of Contributors
- The Evolving Corporation: economy, law, and society
- The Dutch East India Company: the first corporate governance debacle
- English East India Company-State and The Modern Corporation: the google of its time?
- Socializing Capital: the rise of the industrial corporation
- From Berle to the Present: the shifting primacies of corporation theory
- Understanding the Roots of Shareholder Primacy: the meaning of agency theory, and the conditions of its contagion
- Corporate Purpose: legal interpretations and empirical evidence
- Corporate Law as a Solution to Team Production Problems
- Corporations as Sempiternal Legal Persons
- Finance Capitalism, the Financialized Corporation, and Countervailing Power
- The Neoliberal Corporation
- Theorizing the Corporation: liberal, confucian, and socialist perspectives
- Global Corporations and Global Value Chains: the disaggregation of corporations?
- Growth Strategies of the New Multinationals
- Corporations, Organization, and Human Action: an anthropological critique of agency theory
- The Japanese Corporation: community, purpose, and strategy
- Dynamic Capabilities, the Multinational Corporation, and Capture oF Co-created Value from Innovation
- The Theory Of Innovative Enterprise: foundations of economic analysis
- Corporations In The Clouds?: the transformation of the corporation in an era of disruptive innovations
- The Changing Nature of The Corporation and The Economic Theory of The Firm
- Corporate Responsibility and the Embedded Firm: a critical reappraisal
- The Greening of the Corporation
- Corporate Sustainability In A Fragile Planet
- Transcending The Corporation: social enterprise, cooperatives, and commons-based governance
- The Evolution of Corporate Form: from shareholders’ property to the corporation as commons
Abstract and Keywords
Emerging market multinationals have expanded around the world and upgraded their capabilities at the speed of light using aggressive growth strategies. This chapter argues that the success of these companies lies on new axioms of global competitiveness. It aims to answer two questions. First, do these firms share some common distinctive features that distinguish them from the traditional MNEs? Second, how have they been able to expand abroad at dizzying speed, in defiance of the conventional wisdom about the virtues of a staged, incremental approach to international expansion? Before being in a position to answer these questions, the established theory of the MNE is outlined, and the extent to which its basic postulates need to be re-examined is explored.
Director of the Joseph H. Lauder Institute, Wharton Business School, University of Pennsylvania
Director of IUDE Business School, University of Oviedo, Spain
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