Dragon multinationals powered by linkage, leverage and learning: A review and development

Mathews, John A.

doi:10.1007/s10490-017-9543-y

Cited by 87 publications

(72 citation statements)

References 25 publications

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“…Not only are national boundaries still important, the national identity of firms still matters. 'Dragon' MNEs 4 (Mathews, 2017) as well as 'springboard' MNEs (Luo & Tung, 2018) are growing both in size and importance on the global economic stage by developing and deploying non-traditional firmspecific advantages (FSAs), including DCs (i.e., FSAs reflecting more than extant resource bundles, to include the continuous and systemic recombining of these with new resources) that in turn enable them to better leverage their country-specific advantages (CSAs) during internationalization (Bhaumik, Driffield, & Zhou, 2016). Indian, Brazilian, and Chinese companies are rapidly building up innovation capabilities and transitioning at unprecedented speed from a production-focus to an innovation-focus (Altenburg, Schmitz, & Stamm, 2008;Lema, Quadros, & Schmitz, 2015), altering our views of traditional innovation clusters and trajectories (Asheim & Coenen, 2005;Engel, 2015).…”

Section: Reshaping Globalization: the Rise Ofmentioning

confidence: 99%

The structural reshaping of globalization: Implications for strategic sectors, profiting from innovation, and the multinational enterprise

2019

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The rapid reshaping of the global economic order requires fundamental shifts in international business scholarship and management practice. New forms of protectionist policies, new types of internationalization motives, and new tools of techno-nationalism may lead to what we call ''bifurcated governance'' at the macro-level and ''value chain decoupling'' at the micro-level. As a result, innovation networks will require novel reconfigurations. We examine the emerging constraints on multinational enterprises, imposed by a bifurcated world order. We also discuss how the dynamic capabilities framework can guide scholars and managers alike to achieve new forms of evolutionary fitness.

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Section: Reshaping Globalization: the Rise Ofmentioning

confidence: 99%

The structural reshaping of globalization: Implications for strategic sectors, profiting from innovation, and the multinational enterprise

2019

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“…Most existing studies in this research area focus on the impact of firms' political connections with the home country government on their performance in the domestic market (e.g., [19,20]), while the impact on firms' performance in the international market has not been sufficiently discussed. In studies that explored the internationalization strategies, motivations, comparative advantages, and catch-up of firms from emerging economies, the firm characteristics-such as size and ownership, international R&D (Research and Development) strategies, and managerial intent-are widely investigated (e.g., [11,15,[21][22][23][24][25][26]), while the role of firms' home country government is insufficiently examined. Although existing studies have focused on the Chinese government's strong promotion of international Mergers and Acquisitions (M&A) and Outward Foreign Direct Investment (OFDI) (e.g., [15,18,27]), they offer insufficient knowledge concerning the consequences of these internationalization activities.…”

Section: Introductionmentioning

confidence: 99%

Impact of Political Connection Strength on the Internationalization Outcome of Chinese Firms: Perspectives from Market Exploration and Technology Acquisition

Zhang

Huang

2020

Sustainability

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Although the role of a home country's government in firms' internationalization processes has been investigated, there is a gap in the literature concerning the effectiveness of the government's effort. Based on the data of 1996 Chinese listed firms, this study investigates how the strength of Chinese firms' political connection with their home country government impacts the outcomes of their internationalization activities. These activities are classified into market exploration and technology acquisition. We establish an index to measure the firms' political connection strength and find that it exhibits a bimodal distribution, which indicates that some firms maintain a close relationship with the government, while the business activities of others are distant from the government. The strength of the political connection has different moderating effects on firms' internationalization processes when either the international market context or the firms' internationalization activities vary. A strong political connection is beneficial for firms to explore the markets and acquire beneficial technology from developed countries. Compared with its role in exploring international markets, political connection plays a more significant moderating role in augmenting the positive effect of international technology acquisition on firms' innovation capability. Therefore, Chinese firms may perform better in the internationalization process if they maintain a close relationship with the Chinese government, which engages in promoting the internationalization of domestic firms through an array of policies that may compensate for the firms' disadvantages. Our results show the mechanism through which emerging countries' governments use directives and incentives to facilitate the internationalization of domestic firms.

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“…Therefore, countries do not deal with invisible forces, but with firms and corporate executives who can be approached to request significant technological contribution. China's firms and government have done an outstanding job in leveraging concessions as part of their industrial catch-up strategy (Mathews, 2017).…”

Section: Gvandpc and Institutions For Technological Upgradingmentioning

confidence: 99%

Participación en las redes globales de producción en el sureste de Asia: prospectos para mejoramiento tecnológico y lecciones para América Latina

Aymes

Fajardo

2018

mycp

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Participación en las redes globales de producción en el sureste de Asia: prospectos para mejoramiento tecnológico y lecciones para América Latina AbstractDeveloping countries are under constant pressure to improve economic conditions and generate sources of employment. To achieve these goals, in the last few decades the mantra has been to engage in global production networks and carry out institutional reforms to attract foreign capital. However, the current set of ideas about globalization is dominated by the premise that economic

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Dragon multinationals powered by linkage, leverage and learning: A review and development

Cited by 87 publications

References 25 publications

The structural reshaping of globalization: Implications for strategic sectors, profiting from innovation, and the multinational enterprise

The structural reshaping of globalization: Implications for strategic sectors, profiting from innovation, and the multinational enterprise

Impact of Political Connection Strength on the Internationalization Outcome of Chinese Firms: Perspectives from Market Exploration and Technology Acquisition

Participación en las redes globales de producción en el sureste de Asia: prospectos para mejoramiento tecnológico y lecciones para América Latina

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