“…Scholars have identified that EM MNEs have certain advantages in (1) ownership control (e.g., by family business or founding entrepreneurs) (Bhaumik et al, 2010); (2) concentration of CEO power (Liu et al, 2011); (3) home country generated networking with foreign partners (Anwar and Nguyen, 2011), business eco-system players (Mesquita and Lazzarini, 2008), and government agencies (Kotabe et al, 2011); (4) cost innovation and knowledge leverage (Pananond, 2013;Bonaglia et al, 2007). EM MNEs also have stronger motives and abilities to build and leverage organizational ambidexterity and strategic resilience to offset their late-mover disadvantages in global competition (Luo and Rui, 2009).…”