Toward an integrated theory of multinational evolution: The evidence of Chinese multinational enterprises as latecomers

Li, Peter Ping

doi:10.1016/j.intman.2007.05.004

Cited by 204 publications

(175 citation statements)

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“…Since the 1990s, MNEs from emerging markets are rapidly increasing in size and number (cf Child and Rodrigues, 2005). The Primarily from South-east Asia (notably China, and to a lesser extent India), these ' dragon multinationals' (Mathews, 2002) or ' emerging market MNEs' (Luo and Tung, 2007) of the late 1990s are often considered to adopt substantially different internationalization strategies from either the latecomer developed country MNEs (Li, 2007), ' Third World' multinationals in the 1970s and 1980s (Lecraw, 1993;Wells, 1981, Lall, 1983, the Newly Industrialising Economy (NIE) multinationals from the 1990s, or the ' born-globals' that include smaller and medium sized corporations from developed countries (UNCTAD, 2006).…”

Section: Multinationals From Emerging Marketsmentioning

confidence: 99%

“…First of all, emerging market MNEs have been found to be more often family-owned. Family ties and parental networks are important as determinant of international activity (Li, 2007;Lecraw, 1977;Buckley et al, 2007;Lall, 1983;Elango and Pattnaik, 2007). Firms are also often affiliated with larger business groups, an ownership advantage especially when internationalizing to other developing countries (Garg and Delios, 2007;Lall, 1983).…”

Section: Multinationals From Emerging Marketsmentioning

confidence: 99%

“…Government policies prohibited outward FDI until recently. Nowadays outward FDI is actively stimulated with subsidies and other FDI policies (Luo and Tung, 2007;Buckley et al, 2007), via state-owned companies (Li, 2007), and a general framework of export orientation and (modest) domestic liberalization (UNCTAD, 2006). In addition, escape motives, where firms invest abroad to avoid strict government policies in the domestic market (Wells, 1977) to e.g.…”

Section: Multinationals From Emerging Marketsmentioning

confidence: 99%

“…Existing research on emerging market MNEs suggests that the characteristics of these firms, their motives for internationalization and the nature of their ownership advantages are fundamentally different from those of developed country MNEs (Mathews, 2004;Luo and Tung, 2007;Buckley et al, 2007;Li, 2007).…”

Section: Introductionmentioning

confidence: 99%

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Internationalization trajectories--a cross-country comparison: Are large Chinese and Indian companies different?

Fortanier¹,

Tulder²

2009

Industrial and Corporate Change

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This paper explores whether the internationalization trajectories -patterns over time in the level, pace, variability and temporal concentration of international expansion -of large firms from China and India are fundamentally different from those of developed country firms. A longitudinal cross-country comparative study of 256 large firms for the 1990-2004 period shows that, although internationalization trajectories of large and leading Chinese and Indian firms are indeed different, there are also considerable similarities between established developed country firms and the new firms from emerging markets, not in the least because they often interact within the same sector

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Section: Multinationals From Emerging Marketsmentioning

confidence: 99%

Section: Multinationals From Emerging Marketsmentioning

confidence: 99%

Section: Multinationals From Emerging Marketsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Internationalization trajectories--a cross-country comparison: Are large Chinese and Indian companies different?

Fortanier¹,

Tulder²

2009

Industrial and Corporate Change

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“…Li (2007) sugere que os dois modelos de internacionalização, o paradigma OLI (DUNNING, 1977;1988;1995) e o modelo LLL (MATHEWS, 2006a), se analisados de forma individual, são insuficientes para explicar o processo de internacionalização das multinacionais das economias desenvolvidas ou mesmo das em desenvolvimento. Isso ocorre, pois o modelo OLI tem uma perspectiva de análise interna, enquanto o modelo LLL tem foco externo.…”

Section: Justificativaunclassified

Modelo de negócio e internacionalização de empresas: estudo do caso Itaú Unibanco

Oliveira¹

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AGRADECIMENTOSAo longo do curso de mestrado e da construção desta pesquisa, tive a oportunidade de conviver e contar com o apoio de diversos profissionais, professores, amigos e familiares, que contribuíram imensamente para a conclusão desta etapa, por mim tão almejada.Primeiramente, agradeço a atenção de toda a minha família, em especial meus queridos pais A utilização de modelos de negócios tem crescido substancialmente nos últimos anos, o que promoveu um aumento significativo de pesquisas voltadas para compreender a lógica de como uma organização cria, entrega e captura valor do ponto de vista econômico, social, cultural ou outros. Presume-se que os componentes previstos pelo modelo de negócio estejam presentes na configuração de negócios já estabelecidos ou novos negócios, inclusive em empresas que buscam a atuação no mercado internacional. No entanto, dentre as abordagens teóricas a respeito da internacionalização das empresas, observa-se que as mesmas não caracterizaram os modelos de negócios empregados pelas empresas em seus processos de internacionalização, já que usualmente focam nos principais aspectos que motivam a internacionalização, os modos de entrada, a compreensão do ambiente global e a busca da excelência funcional. A partir deste contexto, a pesquisa procurou investigar os componentes do modelo de negócio que operacionalizaram as atividades internacionais de uma multinacional brasileira do setor bancário, o Itaú Unibanco. Visando alcançar este objetivo, realizou-se uma pesquisa de caráter qualitativo, por meio de estudo de caso único. Nesse sentido, para o exame dos fundamentos teóricos, foram abordados os conceitos de estrutura, estratégia, escala, escopo, as teorias de internacionalização e a definição conceitual do modelo de negócio. Dentre os principais resultados da pesquisa, foi observado que a internacionalização do Itaú Unibanco ocorreu a partir de vantagens adquiridas no mercado doméstico e que foram posteriormente exploradas no mercado internacional. Em relação ao modelo de negócio, verificou-se que não existe um modelo pré-definido para as operações internacionais e embora praticamente todos os componentes se mostrassem presentes no mercado de destino, alguns sofreram forte adaptação às operações locais, resultante basicamente da estratégia de aquisição. The use of business models has grown substantially in recent years, which has caused a significant increase in research aiming to understand the rationale of how an organization creates, delivers, and captures value, in economic, social, cultural or other contexts. Business models are employed by both established and new businesses, including companies seeking to expand into international markets. Among the literature studying firm internationalization, there are few studies that describe the business models used by companies in their internationalization processes. Instead, studies have directed attention at the key aspects that motivate internationalization, the modes of entry, understanding the global environment and the pursuit ...

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Innovation in China

Fan

2014

China's Economy

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Toward an integrated theory of multinational evolution: The evidence of Chinese multinational enterprises as latecomers

Cited by 204 publications

References 39 publications

Internationalization trajectories--a cross-country comparison: Are large Chinese and Indian companies different?

Internationalization trajectories--a cross-country comparison: Are large Chinese and Indian companies different?

Modelo de negócio e internacionalização de empresas: estudo do caso Itaú Unibanco

Innovation in China

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