Emerging Market Multinationals: Coopetition for Global Growth

Kedia, Ben L.; Rhew, Nicholas D.; Gaffney, Nolan; Clampit, Jack

doi:10.1002/tie.21758

Cited by 17 publications

(12 citation statements)

References 73 publications

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“…Kedia et al () note that resource constraints may serve to heighten EMNEs' dependence on their home governments; it seems plausible that, especially in this highly regulated industry in which many of the players have emerged from state‐owned enterprises, government influence may factor into investment decision‐making processes. In the rapidly developing and highly competitive SSA mobile telecom industry, informal relationships may also play particularly important roles in reducing psychic distance, leading to FDI patterns that differ from those predicted by the extant literature.…”

Section: Discussionmentioning

confidence: 99%

“…Spurred by the quest for gaining access to markets and natural resources, along with enhanced operational efficiency and competitiveness, emerging‐market multinational enterprises (EMNEs), including those from developing and transition economies, have become major players in the global economy. EMNEs are said to have accounted for an increasing share of global foreign direct investment (FDI) (Kedia, Rhew, Gaffney, & Clampit, ; McAllister & Sauvant, ; United Nations Conference on Trade and Development [UNCTAD], ). The stock of outward FDI (OFDI) by EMNEs grew rapidly, from less than 5% (US$11.9 billion) in 1990 to 29% (US$328 billion) in 2010 (UNCTAD, ).…”

Section: Introductionmentioning

confidence: 99%

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Cross‐border expansion and competitive interactions of indigenous mobile network operators in sub‐Saharan Africa

Dike

Rose

2018

Thunderbird Intl Bus Rev

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Emerging-market multinational enterprises (EMNEs) have become major players in the global economy, with an increasing share of global foreign direct investment (FDI). Indigenous mobile network operators (MNOs) in sub-Saharan Africa (SSA) are not left out in this pursuit, as they seek growth and competitiveness beyond their domestic markets. We investigate the FDI location choices and competitive interactions of the five indigenous SSA MNOs that had internationalized as of 2014 and find that, contrary to the literature, these EMNEs, operating in a key and rapidly developing industry, did not tend to commence their cross-border expansion in geographically close markets. In addition, the MNOs are more likely to invest in countries with stronger control over corruption and do not appear to engage in heavy head-to-head competition with their rivals. These findings contribute to the internationalization literature in the context of the investment and competitive behaviors of the currently underexplored indigenous SSA multinationals. K E Y W O R D Scompetitive interactions, emerging-market multinational enterprises, FDI, mobile network operators, sub-Saharan Africa

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Section: Discussionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Cross‐border expansion and competitive interactions of indigenous mobile network operators in sub‐Saharan Africa

Dike

Rose

2018

Thunderbird Intl Bus Rev

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“…The findings also highlighted that Sino–Kazakh relations are predominantly based on mutual interest. Identifying mutual interests perceived by both negotiating parties is a crucial step in business negotiation (Hadjikhani et al, ), whereas mutual dependence is key to successful cooperation (Kedia, Rhew, Gaffney, & Clampit, ). For China, Central Asia is the nearest and direct source of oil and gas imports, and Kazakhstan is a key and strategic partner in building regional cooperation within the BRI project.…”

Section: Methodsmentioning

confidence: 99%

The role of home governments in entry bargaining of multinationals: China's investment in Central Asia's natural resource sector

Orazgaliyev

2020

Thunderbird Intl Bus Rev

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Over the last two decades, China's participation in Central Asia's energy sector has increased dramatically. This article explores the case study of China's outward foreign direct investment (OFDI) in Central Asia's natural resource sector through the framework of bargaining model. Although the scholarly literature studied extensively FDI determinants and support of the home government on MNE activities abroad, there is little evidence‐based research on the effect of governmental negotiations on OFDI. The existing research on China's OFDI in natural resource sector highlighted the country's complex approach to energy deals, which was facilitated by investment in infrastructure projects and provision of loans. As this study confirmed, support with loans and investment in the development of export pipeline infrastructure was crucial in securing energy deals for Chinese multinationals (CMNEs). More specifically, this article makes an important contribution toward the understanding of China's investment in developing markets with high levels of political risk such as Central Asian region. The presented evidence suggests that there is a positive correlation between home government support and successful entry of CMNEs to natural resource sectors in emerging markets.

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“…A recurrent feature of globalization concerns the entry of AME corporations into EME contexts (Buckley, Elia, & Kafouros, ; Khanna, Palepu, & Bullock, ). Nevertheless, EME firms establishing operations in AMEs have become increasingly common (Azmat & Ha, ; Kedia et al, ; Teagarden, ). In the global context, a number of well‐known examples of EME firms entering AMEs exist, including major conglomerates such as Tata (India), Embraer (Brazil), and Koc Holdings (Turkey) (Economist, 2011).…”

Section: Literature Reviewmentioning

confidence: 99%

“…EME national markets for “home‐grown” EME‐based corporates have also received attention (McAdam, Keogh, El Tigani, & Gardiner, ). Nevertheless, there is a growing interest in the experiences of companies originating from EMEs entering AMEs (Kedia, Rhew, Gaffney, & Clampit, ). Extant literature has been valuable, but it has focused predominantly on certain sectors such as manufacturing and major capital infrastructure investment (Xia, Ma, Lu, & Yiu, ), meaning sectors such as the international higher education (HE) sector have been underexplored.…”

Section: Introductionmentioning

confidence: 99%

Organizational Ambidexterity and the Emerging-to-Advanced Economy Nexus: Cases from Private Higher Education Operators in the United Kingdom

Stokes

Moore

Smith

et al. 2016

Thunderbird International Business Review

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The expansion of advanced-market economy ( AME ) fi rms into emerging-market economies ( EME ) is well documented. In recent decades, EME companies have moved increasingly into AMEs , especially within the manufacturing sector, as well as other important AME sectors such as higher education ( HE ).However, the latter have received less attention. This study conducts an in-depth qualitative analysis of two EME HE organizations operating in the international HE sector in London. The argument applies a theoretical framework of organizational ambidexterity with which to examine the contexts and complexities in collaborations between EME-HE and AME-HE fi rms. These argument surfaces, inter alia: differing dynamics in relation to institutional frameworks and sense making; myopic internationalization; tensions regarding organizational reputation, place, partner, and product legitimization; unfulfi lled reverse innovation and "explorative-pull" phenomena. Overall, the article develops novel conceptual frameworks of practical relevance, which inform EME-AME fi rm collaborative operations in AME settings.

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Emerging Market Multinationals: Coopetition for Global Growth

Cited by 17 publications

References 73 publications

Cross‐border expansion and competitive interactions of indigenous mobile network operators in sub‐Saharan Africa

Cross‐border expansion and competitive interactions of indigenous mobile network operators in sub‐Saharan Africa

The role of home governments in entry bargaining of multinationals: China's investment in Central Asia's natural resource sector

Organizational Ambidexterity and the Emerging-to-Advanced Economy Nexus: Cases from Private Higher Education Operators in the United Kingdom

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