Emerging multinationals from mid‐range economies: the influence of institutions and factor markets
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This paper revisits and extends our earlier work (in 2005) in the pages of this journal. We argue that there is a need for more fine‐grained understanding of the country context along two dimensions: (1) institutional development and (2) infrastructure and factor market development. Specifically, we propose an enriched typology of emerging economies with a focus on mid‐range emerging economies, which are positioned between traditional emerging economies and newly developed economies. Then we examine new multinationals from these mid‐range emerging economies that have internationalized both regionally and globally. We outline directions for further research based on this typology in terms of (1) government influence, (2) resource orchestration, (3) market entry, and (4) corporate governance regarding the internationalization strategy of these emerging multinationals from mid‐range economies.
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Adedoyin, F. F., Bekun, F. V., Driha, O. M., & Balsalobre-Lorente, D. (2020) · Technological Forecasting and Social Change · doi:10.1016/j.techfore.2020.120297 · Cited by 199 · see citing works
The Internalization Theory of the Multinational Enterprise: Past, Present and Future
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- Authors
- Hoskisson, R. E., Wright, M., Filatotchev, I., & Peng, M. W.
- Affiliations
- Rice University (US)
- Ghent University (BE)
- Vienna University of Economics and Business (AT)
- The University of Texas at Dallas (US)
- Corresponding author
- Wright, Mike
- Venue
- Journal of Management Studies
- Publisher
- Wiley
- Published
- 2012-12-28
- Volume
- 50
- Issue
- 7
- Pages
- 1295-1321
- ISSN
- 0022-2380 (ISSN-L)
- 1467-6486
- OpenAlex
- W2114188280
- Cited by
- 756
- References
- 117
- Citations by year
- 2026: 33 · 2025: 45 · 2024: 35 · 2023: 40 · 2022: 68 · 2021: 71 · 2020: 74 · 2019: 71 · 2018: 85 · 2017: 57 · 2016: 63 · 2015: 54 · 2014: 43 · 2013: 14 · 2012: 1
- FWCI
- 106.04
- Type
- journal article
- Language
- en
- Open access
- bronze
- doi.org
- Locations
- Journal of Management Studies (publishedVersion)
- WU Research (publishedVersion)
- City Research Online (City University London) (acceptedVersion)
- RePEc: Research Papers in Economics (submittedVersion)
- Ghent University Academic Bibliography (Ghent University) (submittedVersion)
- eSpace (Curtin University) (submittedVersion)
- Research Portal (King's College London) (submittedVersion)
- Funders
- Rice University
- National Natural Science Foundation of China (71132006)
- University of Texas at Dallas
- Economic and Social Research Council (ES/K006614/1)
- Topics
- Social Sciences › Business, Management and Accounting › Strategy and Management › International Business and FDI
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Globalization, Economics, and Policies
- Social Sciences › Business, Management and Accounting › Business and International Management › Innovation and Socioeconomic Development
- Keywords
- emerging market multinationals, institutional development, factor markets, infrastructure development, internationalization strategy, government influence, resource orchestration, market entry, corporate governance
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