A co-evolution perspective of EMNE internationalization and institutions: An integrative framework of 5Cs

Chidlow, Agnieszka; Wang, Jue; Liu, Xiaohui; Wei, Yingqi

doi:10.1016/j.ibusrev.2021.101843

Cited by 32 publications

(7 citation statements)

References 122 publications

(154 reference statements)

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“…The literature documents well the role of the external institutional environment in shaping the internationalization strategy of firms (Cuervo-Cazurra and Genc 2008;Cuervo-Cazurra 2012;Cuervo-Cazurra et al 2018;Chidlow et al 2021). Institutions represent "the rules of the game in a society or, more formally, ...the humanly devised constraints that shape human interaction" (North 1990, p. 3).…”

Section: The Strength Of Formal Institutionsmentioning

confidence: 95%

The Determinants of Outward Foreign Direct Investment from Latin America and the Caribbean: An Integrated Entropy-Based TOPSIS Multiple Regression Analysis Framework

Cunha

Singh

Xie

2022

JRFM

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Given that home country factors play a major role in the internationalization of emerging market firms, there is an ever-growing debate on how they influence the intensity of outward foreign direct investment (OFDI) from these regions. This study investigates how home country factors affect the OFDI intensity in Latin America and Caribbean (LAC) countries. We use the entropy weight method, which uses the Technique for Order of Preference by Similarity to Ideal Solution (TOPSIS) method and a balanced panel data consisting of 19 countries from 2007 to 2016. The results show a positive association between macroeconomic performance, formal institutions, infrastructure, technology and the OFDI intensity. Furthermore, we find that robust formal institutions, along with the quality of infrastructure and technology, positively moderate the relationship between macroeconomic performance and the OFDI intensity. These findings show that the internationalization of LAC firms is highly dependent on the contextual conditions in their markets.

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Section: The Strength Of Formal Institutionsmentioning

confidence: 95%

The Determinants of Outward Foreign Direct Investment from Latin America and the Caribbean: An Integrated Entropy-Based TOPSIS Multiple Regression Analysis Framework

Cunha

Singh

Xie

2022

JRFM

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“…According to Ramamurti (2009), the competitive advantages that EMNEs leverage as they are shaped by their home country context remains an under-researched issue. And, scholarly research on the dynamic process of EMNE's international activities interacting with home country [and host country] institutions still seem to be in its infancy (Chidlow, Wang, Liu & Wei, 2021). While, some of the unique features of EMNEs, besides their country of origin, may also stem from the nature of their industry, the stage of the internationalization, the global context at the time of internationalization, or their prior international experience (Ramamurti, 2012).…”

Section: Implications For Theorymentioning

confidence: 99%

The effect of home country characteristics on the internationalization of EMNEs: The moderating role of knowledge stock

Foroudi

Gupta

Patel

et al. 2023

International Business Review

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“…Berry et al’s (2010) institutional distance theory provides an important theoretical basis for EMNEs' overseas R&D decisions, while the effects are subject to some contingencies. According to theorists, institutional environments of both the home and host countries play an important role in EMNEs' internationalization strategies (Chidlow et al, 2021). Institutions are defined as ‘rules of the game that promote or restrain economic activities in a given country’ (North, 1990; Ho et al, 2018).…”

Section: Conceptual Background and Hypothesesmentioning

confidence: 99%

“…Furthermore, EMNEs' internationalization is necessarily shaped by institutional conditions of both the home and host countries (Chidlow et al, 2021). First, due to weak intellectual property rights (IPR) institutions in emerging markets, strong IPR in developed host countries reduces the opportunity for EMNEs to exploit knowledge spillovers, making it more difficult for them to access advanced technology (Wu et al, 2019; Elia et al, 2020).…”

Section: Introductionmentioning

confidence: 99%

Pursuing opportunities in distance: the determinants of overseas R&D by Chinese multinationals

Wang

Huo

et al. 2022

R & D Management

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This study investigates two relevant dimensions of institutional distance -knowledge and economic distance -that influence the overseas research and development (R&D) intensity of emerging market multinational enterprises. We undertake a longitudinal analysis of 121 listed Chinese manufacturing multinational enterprises for the period 2011-2016. The results reveal that the enterprises' overseas R&D is more intense in host countries with greater knowledge and economic distance. Moreover, as the strength of intellectual property rights protection in host countries grows, the positive effects of knowledge and economic distance on the enterprises' overseas R&D intensity become weaker. We also find that political ties with home country governments strengthen the positive relationship between knowledge distance and the enterprises' overseas R&D intensity, while its moderating effect on the relationship between economic distance and overseas R&D intensity is insignificant.

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A co-evolution perspective of EMNE internationalization and institutions: An integrative framework of 5Cs

Cited by 32 publications

References 122 publications

The Determinants of Outward Foreign Direct Investment from Latin America and the Caribbean: An Integrated Entropy-Based TOPSIS Multiple Regression Analysis Framework

The Determinants of Outward Foreign Direct Investment from Latin America and the Caribbean: An Integrated Entropy-Based TOPSIS Multiple Regression Analysis Framework

The effect of home country characteristics on the internationalization of EMNEs: The moderating role of knowledge stock

Pursuing opportunities in distance: the determinants of overseas R&D by Chinese multinationals

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