Internationalization of Emerging Economies and Firms

by Marinov, Marin; Marinova, Svetla

• ISBN13: 9780230348332
• ISBN10: 0230348335
• Format: Hardcover
• Copyright: 2012-01-15
• Publisher: Palgrave Macmillan

Summary

The impact of country and firm specific factors, the role of institutions and governments, the strive for compensation of initial disadvantages, the struggle for finding ways to counterbalance for late coming into the international arena in the process of internationalization are some of the issues brought under scrutiny in this book.

Author Biography

Marin Marinov is Professor of International Business and Management at the University of Gloucestershire in the United Kingdom. He has held a number of professorial appointments worldwide, including Germany, Sweden, Denmark, Bulgaria, USA, Finland, France, Portugal, China and Spain. His research encompasses internationalization of businesses, multinational corporations, business development in emerging markets, business policy and strategy, and research in curricula development for business education. He has published several books and book chapters and numerous articles in refereed academic journals. Svetla Marinova is Associate Professor of International Business at the Aalborg University in Denmark. She has taught and conducted research in many countries on both sides of the Atlantic and in Asia. Her research interests include business internationalization and the role of institutions, strategy of multinational firms from emerging markets, and changes in management and marketing of firms. Dr Marinova has published several books, numerous chapters in books and papers in refereed academic journals.

Table of Contents

List of Tables	p. xii
List of Figures	p. xiv
List of Boxes	p. xv
Notes on Contributors	p. xvi
Internationalization of Emerging Economies and Firms	p. 1
Introduction	p. 1
Theoretical foundation for the internationalization of emerging economies and firms	p. 2
Accelerated internationalization of emerging economies and firms	p. 4
Inward foreign direct investment in emerging economies	p. 5
Outward foreign direct investment from emerging economies	p. 6
Overview of the book	p. 7
The Regulatory Framework for Investment: Where Are We Headed?	p. 15
Introduction	p. 15
The national regulatory framework	p. 18
The international regulatory framework	p. 20
Factors driving change	p. 21
The changing regulatory regime for FDI	p. 28
Internationalization of Companies from Former Communist Countries: Outward Foreign Direct Investment from Central, East and South Europe, and the Commonwealth of Independent States	p. 40
Introduction	p. 40
Main streams of foreign direct investment theory	p. 42
Main methodological problems	p. 44
Outward foreign direct investment from transition economies in the global context	p. 46
MNEs from transition economies	p. 51
Conclusions and further research	p. 61
Foreign Direct Investment in New EU Member States from Central and Eastern Europe: An Investment Development Path Perspective	p. 64
Introduction	p. 64
The IDP concept and its application in the studies of CEE countries	p. 65
Econometric analysis in IDP studies	p. 69
Current positioning on the IDP	p. 70
The outward FDI performance index	p. 81
Conclusions	p. 82
Sustainable Foreign Direct Investments: Regional Development and Transition Economies	p. 87
Introduction	p. ' 87
FDI and the development of regions: theoretical framework and results of empirical studies	p. 88
Results of the survey among FDI promotion agencies in selected European regions	p. 93
How to promote sustainable FDI and regional development	p. 102
Conclusions	p. 109
Born-Global Firms from China and Norway: A Comparison	p. 115
Introduction	p. 115
International entrepreneurship	p. 117
Determinants of the pace of internationalization	p. 121
Conceptual framework	p. 123
Research method	p. 124
Analysis of findings	p. 125
Discussion	p. 130
Conclusion and suggestions for future research	p. 132
Becoming a True Born Global without Any Experiential Market Knowledge: Three Chinese Cases	p. 141
Introduction	p. 141
Literature review	p. 142
Ways of acquiring foreign market knowledge	p. 146
Methodology and case study evidence	p. 148
Case study evidence	p. 151
Discussion, conclusions and implications	p. 159
From National Leaders to Global Players: Evidence from Russian MNEs in the High Technology Sector	p. 169
Introduction	p. 169
Conceptual framework	p. 170
Research methodology	p. 174
Case studies	p. 174
Findings and discussion	p. 183
Research validity and limitations	p. 186
Conclusions	p. 186
Analysing Culture in a Cross-Border Acquisition: An Indian-Finnish Deal in Focus	p. 191
Introduction	p. 191
Key culture concepts in cross-border acquisitions	p. 193
Culture in post-acquisition integration	p. 197
Linking the key concepts	p. 198
Research design	p. 199
Culture issues	p. 205
Acculturation and cultural clashes in the case	p. 211
Discussion and conclusions	p. 215
Does Export Marketing Engagement by Manufacturers Pay Off? Evidence from the Vietnamese Wood Furniture Industry	p. 224
Introduction	p. 224
Literature review and development of hypotheses	p. 226
Research methodology	p. 232
Results	p. 237
Discussion	p. 238
Conclusions	p. 240
Venturing Strategy and Growth Pattern of Malaysian Multinational Enterprises	p. 247
Introduction	p. 247
Literature review	p. 248
Methodology	p. 253
Case summary	p. 253
Findings and discussion	p. 256
Conclusion	p. 263
Chinese Multinationals: Host Country Factors and Foreign Direct Investment Location	p. 267
Introduction	p. 267
The international expansion of Chinese MNEs: an overview	p. 268
Host country factors and Chinese FDI: hypotheses development	p. 272
Empirical research	p. 274
Discussion and conclusion	p. 278
Meanings and Understandings in the Formation of Born Global Firms: The Case of Trikke Tech Inc.	p. 285
Introduction	p. 285
Theoretical framework	p. 287
Research methodology	p. 291
The case study	p. 292
The consolidation of a new international venture as a born global firm	p. 294
Meanings, understandings and the formation of an international new venture	p. 295
Conclusion	p. 297
Internationalizing a Brazilian Software Development Firm	p. 301
Introduction	p. 301
Literature review	p. 302
Brazilian institutions promoting internationalization	p. 308
Internationalization issues	p. 308
Methodology	p. 309
Results and analysis	p. 311
Final considerations and conclusions	p. 317
Brand Strategies of Firms from Emerging Economies	p. 320
Introduction	p. 320
From country-of-origin effect to brand equity	p. 321
Managing brands by firms from emerging economies: conceptual framework	p. 324
Brand practices of companies from emerging economies	p. 330
Factors influencing the brand strategy of firms from emerging economies	p. 335
Managerial perspectives and implications	p. 337
What Explains Asian Investments in Denmark?	p. 343
Introduction	p. 343
Scope and content of Chinese and Indian investments in Denmark	p. 344
Theoretical perspectives on developing country MNCs	p. 355
What explains Asian investments in Denmark?	p. 358
Conclusion	p. 362
New Challengers in a Global Game: Reflections on the Internationalization of Emerging Economies and Firms	p. 367
Internationalization of national economies and the role of markets and states	p. 368
Development of firm-specific advantages and their role in firm internationalization	p. 370
The role of entrepreneurship in firm internationalization	p. 372
Motives for internationalization	p. 373
The liabilities of foreignness	p. 376
Accelerated internationalization of emerging economy firms	p. 378
Conclusion	p. 379
Index	p. 381
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