Mnes from Emerging Markets and Developing Economies

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7,202,1.00 International Management Self Study Module

Group 8: MNEs from Emerging Markets and Developing Economies

Matthias Baumann Sandro Do Nascimento Michael Müller Ivan Oh Shing Chan Tatiana Serikova

Master of Arts (M.A.) in Strategy & International Management PROF. WINFRIED RUIGROK

Abstract
OFDI (Foreign Direct Investments) of multinational enterprises from emerging markets (EM MNEs) have significantly risen over the past decade. In the paper at hand we analyze the present state of research regarding the motivations of EM MNEs to go abroad, their paths of internationalization and the implications of internationalization on financial performance metrics. We discuss prevailing models and frameworks and point out weaknesses of existing explanations. This paper aims at highlighting research gaps and coming up with implications for future research. We conclude that most of the models, which are developed for MNEs from developed countries, need to be adjusted or even replaced. More recent frameworks for EM MNEs often lack empirical evidence or contradict each other. We conclude that the most urgent need for further research can be identified in the field of internationalization modes.

Group 8: MNEs from Emerging Markets and Developing Economies

I

Table of Contents
Abstract .............................................................................................................................................. I Table of Contents ........................................................................................................................... II List of Abbreviations .................................................................................................................. III Table of Figures .............................................................................................................................IV 1. 2. Objective of the study ........................................................................................................... 1 Introduction ............................................................................................................................ 2 2.1. 2.2. Current Situation of Emerging Markets .............................................................................. 2 Multinational Enterprises of Emerging Markets (EM MNEs) ....................................... 3

3.

Motivation for Internationalization by EM MNEs....................................................... 5 3.1. 3.2. 3.3. Overview of theoretical frameworks ................................................................................... 5 Discussion of existing empirical analysis ........................................................................... 7 Implications for future research ............................................................................................ 9

4.

Modes of Internationalization by EM MNEs ............................................................... 10 4.1. 4.1.1. 4.1.2. 4.2. 4.3. The Uppsala Model................................................................................................................... 10 Discussion of the Choice of Geographical Markets .................................................. 10 Discussion of Market Entry Modes ................................................................................ 11 Alternative Internationalization models ......................................................................... 12 Implications for future research: defining applicability of the models ................ 13

5.

Relationship of Internationalization & Performance ............................................. 15 5.1. 5.2. 5.3. 5.4. Internationalization & Performance Relationship of MNEs ..................................... 15 Internationalization & Performance Relationship of EM MNEs .............................. 16 Success Factors...
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