Learning-by-Doing in Emerging Market Multinationals: Integration, Trial and Error, Repetition, and Extension

2016 ◽  
Author(s):  
Huaichuan Rui ◽  
Alvaro Cuervo-Cazurra ◽  
C. Annique Un
Keyword(s):  
Emerging Market ◽  
Learning By Doing ◽  
Trial And Error ◽  
Emerging Market Multinationals ◽  
Error Repetition

Learning-by-doing in emerging market multinationals: Integration, trial and error, repetition, and extension

2016 ◽  
Vol 51 (5) ◽  
pp. 686-699 ◽  
Author(s):  
Huaichuan Rui ◽  
Alvaro Cuervo-Cazurra ◽  
C. Annique Un
Keyword(s):  
Emerging Market ◽  
Learning By Doing ◽  
Trial And Error ◽  
Emerging Market Multinationals ◽  
Error Repetition

Emerging market multinationals’ firm-specific advantages, institutional distance, and foreign acquisition location choice

2020 ◽  
Vol 29 (5) ◽  
pp. 101702 ◽  
Author(s):  
Barclay E. James ◽  
Rajeev J. Sawant ◽  
Joshua S. Bendickson
Keyword(s):  
Location Choice ◽  
Emerging Market ◽  
Institutional Distance ◽  
Emerging Market Multinationals ◽  
Foreign Acquisition

Home country underdevelopment and internationalization

2017 ◽  
Vol 27 (3) ◽  
pp. 217-230 ◽  
Author(s):  
Alvaro Cuervo-Cazurra ◽  
Ravi Ramamurti
Keyword(s):  
Emerging Markets ◽  
Comparative Advantage ◽  
Home Country ◽  
Emerging Market ◽  
Content Type ◽  
Emerging Market Multinationals ◽  
Economic Underdevelopment ◽  
Conceptual Paper ◽  
Practical Implications ◽  
At Home

Purpose The purpose of this study is to use the rise of emerging-market multinationals as a vehicle to explore how a firm’s country of origin influences its internationalization. Design/methodology/approach This paper is a conceptual paper. Findings We argue that the home country’s institutional and economic underdevelopment can influence the internationalization of firms in two ways. First, emerging-market firms may leverage innovations made at home to cope with underdeveloped institutions or economic backwardness to gain a competitive advantage abroad, especially in other emerging markets; We call this innovation-based internationalization. Second, they may expand into countries that are more developed or have better institutions to escape weaknesses on these fronts at home; we call this escape-based internationalization. Research limitations/implications Comparative disadvantages influence the internationalization of the firm differently from comparative advantage, as it forces the firm to actively upgrade its firm-specific advantage and internationalize. Practical implications We explain two drivers of internationalization that managers operating in emerging markets can consider when facing disadvantages in their home countries and follow several strategies, namely, trickle-up innovation, self-reliant innovation, improvisation management, self-reliance management, technological escape, marketing escape, institutional escape and discriminatory escape. Originality/value We explain how a firm’s home country’s comparative disadvantage, not just its comparative advantage, can spur firms its internationalization.

Catch-up innovation in emerging market multinationals

2020 ◽  
Author(s):  
◽  
Li Chen
Keyword(s):  
Multinational Firms ◽  
Resource Constraints ◽  
Emerging Market ◽  
Measurement Model ◽  
University Of Missouri ◽  
Emerging Market Multinationals ◽  
Output Performance ◽  
Moderating Factors ◽  
Catch Up ◽  
Product Output

[ACCESS RESTRICTED TO THE UNIVERSITY OF MISSOURI AT REQUEST OF AUTHOR.] In this dissertation, I study how emerging market multinationals innovate to catch up with incumbent global leaders. By extending entrepreneurial perspectives into the emerging market context, I provide a comprehensive framework to account for EMNEs' distinctive innovation practices. In essay one, I conceptualize what I refer to as catch-up innovation as a multi-dimensional construct consisting of scarcity induced decisionmaking coupled with innovative behavior. I develop a measurement model of catch-up innovation and empirically test the validity of the measurement model using a sample of Chinese multinational firms. The results support my theoretical conceptualization. In essay two, I focus on EMNEs' aggressive commercialization practices, a unique behavioral dimension of catch-up innovation. I propose a model to explain how aggressive commercialization is influenced by institutional support factors (i.e., government encouragement and knowledge from research institutions) and resource constraints (i.e., lack of innovation capability, lack of brand equity, and lack of time). I also consider how aggressive commercialization influences EMNEs' product output performance. Additionally, I explore two sets of moderating factors, task-related capabilities and environment-related capabilities, in order to study the relationship between aggressive commercialization and product output performance. Findings from a sample of Chinese multinational firms support a majority of my hypotheses

scholarly journals Optimal saving and sustainable foreign debt

2021 ◽  
Vol 57 (2) ◽  
pp. 170-199
Author(s):  
Delano Villanueva ◽  
Roberto Mariano
Keyword(s):  
Open Economy ◽  
Emerging Market ◽  
Foreign Debt ◽  
Learning By Doing ◽  
Domestic Saving ◽  
Economy Growth ◽  
Intertemporal Consumption ◽  
Saving Rates ◽  
Optimal Saving ◽  
Open Economy Growth

This paper develops and discusses an open-economy growth model in a modi!ed Arrow learning-by-doing framework, in which workers learn through experience on the job, thereby increasing their productivity. Applying optimal control to maximize the discounted stream of intertemporal consumption, the model yields domestic saving rates of 18-22 percent of GDP, which are feasible targets in developing and emerging market economies. Sustainable gross foreign debt is in the range of 39-50 percent of GDP. Saving, debt, and growth policies are suggested.

emerging-market multinationals

2013 ◽  
Author(s):  
Mauro F. Guillén ◽  
Esteban García-Canal
Keyword(s):  
Emerging Market ◽  
Emerging Market Multinationals
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