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Multinational Enterprises and Emerging Economies
Guided by the overarching question “how and why does the emerging economy context matter for business?”, this collection brings together key contributions of Klaus Meyer on multinational enterprises (MNEs) competing in, and originating from, emerging economies. The book also explores how outward investment strategies contribute to building internationally competitive MNEs.
More Information
Critical Acclaim
Contents
More Information
Guided by the overarching question “how and why does the emerging economy context matter for business?”, this collection brings together key contributions of Klaus Meyer on multinational enterprises (MNEs) competing in, and originating from, emerging economies.
From theoretical to process perspectives, the book also explores how outward investment strategies contribute to building internationally competitive MNEs. It looks at the process by which foreign MNEs pursue distinct opportunities in each emerging economy by adapting their strategies to the specific business ecosystem. This includes, inter alia, the location of production, choice of entry mode, forms of equity and non-equity partnerships and market positioning. Conversely, when local firms set their ambitions beyond national boundaries, their own resources and capabilities are shaped by the business ecosystem of their home country.
The author’s theoretically grounded empirical research in Multinational Enterprises and Emerging Economies gives MSc students, PhD students and junior scholars the opportunity to dig deeper into the study of MNE growth.
From theoretical to process perspectives, the book also explores how outward investment strategies contribute to building internationally competitive MNEs. It looks at the process by which foreign MNEs pursue distinct opportunities in each emerging economy by adapting their strategies to the specific business ecosystem. This includes, inter alia, the location of production, choice of entry mode, forms of equity and non-equity partnerships and market positioning. Conversely, when local firms set their ambitions beyond national boundaries, their own resources and capabilities are shaped by the business ecosystem of their home country.
The author’s theoretically grounded empirical research in Multinational Enterprises and Emerging Economies gives MSc students, PhD students and junior scholars the opportunity to dig deeper into the study of MNE growth.
Critical Acclaim
‘The advance of post-war globalisation since China’s Open Door Policy of 1978 and the Fall of the Berlin Wall in 1989 has transformed international business. It has stimulated both inward and outward investment flows in emerging economics in Eastern Europe, Asia, Latin America and Africa. Klaus Meyer is a leading researcher into these economies. This book epitomises his systematic and insightful investigations into the role of these emerging economies in the new world order.’
– Mark Casson, University of Reading and Henley Business School, UK
‘Professor Klaus Meyer has brought together an exceptional collection of high-quality papers on emerging economy markets and firms, all published in leading academic journals. This volume will be a must-read in the years to come for any scholar interested in advancing international business research on emerging economies. The broad scope and intellectual depth of this collection confirm the status of Professor Meyer as the world''s leading authority on the subject matter of emerging markets and emerging economy multinational enterprises.’
– Alain Verbeke, Editor-in-Chief, Journal of International Business Studies (JIBS)
‘This is a highly essential and extensive book tackling one of the key topics in contemporary international business – multinational enterprises investing in and from major emerging markets. Professor Meyer is to be congratulated on his long and remarkable achievements on international business in emerging economies, some of which are included in this very valuable book. Particularly insightful and significant are his rich theoretical discussions on strategic choice and growth of global firms entering emerging markets and emerging market firms go global.’
– Yadong Luo, University of Miami, US
– Mark Casson, University of Reading and Henley Business School, UK
‘Professor Klaus Meyer has brought together an exceptional collection of high-quality papers on emerging economy markets and firms, all published in leading academic journals. This volume will be a must-read in the years to come for any scholar interested in advancing international business research on emerging economies. The broad scope and intellectual depth of this collection confirm the status of Professor Meyer as the world''s leading authority on the subject matter of emerging markets and emerging economy multinational enterprises.’
– Alain Verbeke, Editor-in-Chief, Journal of International Business Studies (JIBS)
‘This is a highly essential and extensive book tackling one of the key topics in contemporary international business – multinational enterprises investing in and from major emerging markets. Professor Meyer is to be congratulated on his long and remarkable achievements on international business in emerging economies, some of which are included in this very valuable book. Particularly insightful and significant are his rich theoretical discussions on strategic choice and growth of global firms entering emerging markets and emerging market firms go global.’
– Yadong Luo, University of Miami, US
Contents
Contents:
Introduction Klaus E. Meyer ix
PART I THEORETICAL PERSPECTIVES ON BUSINESS AND EMERGING
ECONOMIES
1 ‘Probing Theoretically into Central and Eastern Europe: Transactions,
Resources, and Institutions’, with Mike W. Peng, Journal of International
Business Studies , 36 (6), 2005, November, 600–621 2
2 ‘Theoretical Foundations of Emerging Economy Business Research’, with
Mike W. Peng, Journal of International Business Studies , 47 (1), 2016,
January, 3–22 24
PART II CHOOSING LOCATIONS IN EMERGING MARKETS
3 ‘Foreign Investment Location and Institutional Development in Transition
Economies’, with Alan Bevan and Saul Estrin, International Business
Review , 13 (1), 2004, February, 43–64 45
4 ‘Foreign Investment Strategies and Sub-national Institutions in Emerging
Markets: Evidence from Vietnam’, with Hung Vo Nguyen, Journal of
Management Studies , 42 (1), 2005, January, 63–93 67
5 ‘Country-of-origin and Industry FDI Agglomeration of Foreign Investors in
an Emerging Economy’, with Danchi Tan, Journal of International
Business Studies , 42 (4), 2011, May, 504–20 98
PART III DESIGNING AND CHANGING OPERATION MODES
6 ‘Institutions, Transaction Costs, and Entry Mode Choice in Eastern Europe’,
Journal of International Business Studies , 32 (2), 2001, June, 357–67 116
7 ‘Institutions, Resources, and Entry Strategies in Emerging Economies’, with
Saul Estrin, Sumon Kumar Bhaumik and Mike W. Peng, Strategic
Management Journal , 30 (1), 2009, 61–80 127
8 ‘Transaction Cost Perspectives on Alliances and Joint Ventures: Explanatory
Power and Empirical Limitations’, with Yi Wang, in Jorma Larimo, Niina
Nummela and Tuija Mainela (eds), Handbook on International Alliance and
Network Research , Chapter 4, Cheltenham, UK and Northampton, MA,
USA: Edward Elgar Publishing, 2015, 87–136 147
9 ‘Brownfield Acquisitions: A Reconceptualization and Extension’, with Saul
Estrin, Management International Review , 51 (4), 2011, August, 483–509 197
10 ‘Market Penetration and Acquisition Strategies for Emerging Economies’,
with Yen Thi Thu Tran, Long Range Planning , 39 (2), 2006, April, 177–97 224
11 ‘Business Under Adverse Home Country Institutions: The Case of
International Sanctions Against Myanmar’, with Htwe Htwe Thein, Journal
of World Business , 49 (1), 2014, January, 156–71 245
PART IV CONTEXTUAL INFLUENCES ON MNEs FROM EMERGING
ECONOMIES
12 ‘Home Country Institutions and the Internationalization of State Owned
Enterprises: A Cross-Country Analysis’, with Saul Estrin, Bo B. Nielsen
and Sabina Nielsen, Journal of World Business , 51 (2), 2016, February,
294–307 262
13 ‘Emerging Economy MNEs: How Does Home Country Munificence
Matter?’, with Saul Estrin and Adeline Pelletier, Journal of World Business ,
53 (4), 2018, June, 514–28 276
14 ‘Overcoming Distrust: How State-owned Enterprises Adapt Their Foreign
Entries to Institutional Pressures Abroad’, with Yuan Ding, Jing Li and Hua
Zhang, Journal of International Business Studies , 45 (8), 2014, October,
1005–28 291
15 ‘Diplomatic and Corporate Networks: Bridges to Foreign Locations’, with
Jing Li, Hua Zhang and Yuan Ding, Journal of International Business
Studies , 49 (6), 2018, August, 659–83 315
PART V PROCESS PERSPECTIVES ON MNEs FROM EMERGING
ECONOMIES
16 ‘The Dynamics of Emerging Economy MNEs: How the Internationalization
Process Model Can Guide Future Research’, with Ornjira Thaijongrak, Asia
Pacific Journal of Management , 30 (4), 2013, December, 1125–53 341
17 ‘What is “Strategic Asset Seeking FDI?”’, Multinational Business Review ,
23 (1), 2015, 57–66 370
18 ‘What Drives Firms’ Intent to Seek Strategic Assets by Foreign Direct
Investment? A Study of Emerging Economy Firms’, with Lin Cui and Helen
Wei Hu, Journal of World Business , 49 (4), 2014, October, 488–501 380
19 ‘Managing Talent in Emerging Economy Multinationals: Integrating
Strategic Management and Human Resource Management’, with Katherine
R. Xin, International Journal of Human Resource Management , 29 (11),
2018, 1827–55 394
Index 423
Introduction Klaus E. Meyer ix
PART I THEORETICAL PERSPECTIVES ON BUSINESS AND EMERGING
ECONOMIES
1 ‘Probing Theoretically into Central and Eastern Europe: Transactions,
Resources, and Institutions’, with Mike W. Peng, Journal of International
Business Studies , 36 (6), 2005, November, 600–621 2
2 ‘Theoretical Foundations of Emerging Economy Business Research’, with
Mike W. Peng, Journal of International Business Studies , 47 (1), 2016,
January, 3–22 24
PART II CHOOSING LOCATIONS IN EMERGING MARKETS
3 ‘Foreign Investment Location and Institutional Development in Transition
Economies’, with Alan Bevan and Saul Estrin, International Business
Review , 13 (1), 2004, February, 43–64 45
4 ‘Foreign Investment Strategies and Sub-national Institutions in Emerging
Markets: Evidence from Vietnam’, with Hung Vo Nguyen, Journal of
Management Studies , 42 (1), 2005, January, 63–93 67
5 ‘Country-of-origin and Industry FDI Agglomeration of Foreign Investors in
an Emerging Economy’, with Danchi Tan, Journal of International
Business Studies , 42 (4), 2011, May, 504–20 98
PART III DESIGNING AND CHANGING OPERATION MODES
6 ‘Institutions, Transaction Costs, and Entry Mode Choice in Eastern Europe’,
Journal of International Business Studies , 32 (2), 2001, June, 357–67 116
7 ‘Institutions, Resources, and Entry Strategies in Emerging Economies’, with
Saul Estrin, Sumon Kumar Bhaumik and Mike W. Peng, Strategic
Management Journal , 30 (1), 2009, 61–80 127
8 ‘Transaction Cost Perspectives on Alliances and Joint Ventures: Explanatory
Power and Empirical Limitations’, with Yi Wang, in Jorma Larimo, Niina
Nummela and Tuija Mainela (eds), Handbook on International Alliance and
Network Research , Chapter 4, Cheltenham, UK and Northampton, MA,
USA: Edward Elgar Publishing, 2015, 87–136 147
9 ‘Brownfield Acquisitions: A Reconceptualization and Extension’, with Saul
Estrin, Management International Review , 51 (4), 2011, August, 483–509 197
10 ‘Market Penetration and Acquisition Strategies for Emerging Economies’,
with Yen Thi Thu Tran, Long Range Planning , 39 (2), 2006, April, 177–97 224
11 ‘Business Under Adverse Home Country Institutions: The Case of
International Sanctions Against Myanmar’, with Htwe Htwe Thein, Journal
of World Business , 49 (1), 2014, January, 156–71 245
PART IV CONTEXTUAL INFLUENCES ON MNEs FROM EMERGING
ECONOMIES
12 ‘Home Country Institutions and the Internationalization of State Owned
Enterprises: A Cross-Country Analysis’, with Saul Estrin, Bo B. Nielsen
and Sabina Nielsen, Journal of World Business , 51 (2), 2016, February,
294–307 262
13 ‘Emerging Economy MNEs: How Does Home Country Munificence
Matter?’, with Saul Estrin and Adeline Pelletier, Journal of World Business ,
53 (4), 2018, June, 514–28 276
14 ‘Overcoming Distrust: How State-owned Enterprises Adapt Their Foreign
Entries to Institutional Pressures Abroad’, with Yuan Ding, Jing Li and Hua
Zhang, Journal of International Business Studies , 45 (8), 2014, October,
1005–28 291
15 ‘Diplomatic and Corporate Networks: Bridges to Foreign Locations’, with
Jing Li, Hua Zhang and Yuan Ding, Journal of International Business
Studies , 49 (6), 2018, August, 659–83 315
PART V PROCESS PERSPECTIVES ON MNEs FROM EMERGING
ECONOMIES
16 ‘The Dynamics of Emerging Economy MNEs: How the Internationalization
Process Model Can Guide Future Research’, with Ornjira Thaijongrak, Asia
Pacific Journal of Management , 30 (4), 2013, December, 1125–53 341
17 ‘What is “Strategic Asset Seeking FDI?”’, Multinational Business Review ,
23 (1), 2015, 57–66 370
18 ‘What Drives Firms’ Intent to Seek Strategic Assets by Foreign Direct
Investment? A Study of Emerging Economy Firms’, with Lin Cui and Helen
Wei Hu, Journal of World Business , 49 (4), 2014, October, 488–501 380
19 ‘Managing Talent in Emerging Economy Multinationals: Integrating
Strategic Management and Human Resource Management’, with Katherine
R. Xin, International Journal of Human Resource Management , 29 (11),
2018, 1827–55 394
Index 423
