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Internalization theory and the performance of emerging-market multinational enterprises

Buckley, P.J. and Tian, X. (2017) Internalization theory and the performance of emerging-market multinational enterprises. International Business Review, 26 (5). pp. 976-990.

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Constrained by their peripheral position in the global factory system and underdeveloped institutions at home, emerging-market multinational enterprises (MNEs) are likely to achieve monopoly-based, rather than knowledge-based, financial gains from internationalization conditional on R&D. Emerging market MNEs need to engage in R&D to upgrade orchestration know-how within the global factory. This needs to be accompanied by the development of home-based enabling institutions. This article develops the argument based on internalization theory, and tests hypotheses against the experience of major emerging-market MNEs from 2004 to 2011.

Item Type: Journal Article
Murdoch Affiliation(s): School of Management and Governance
Publisher: Elsevier Limited
Copyright: © 2017 Elsevier Ltd.
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