Cambridge University Press, 6/26/2014EAN 9781107064539, ISBN10: 1107064538Hardcover, 340 pages, 22.8 x 15.2 x 2.3 cmLanguage: EnglishWhy have relatively poor and underdeveloped countries been able to spawn so many global firms in the last two decades? Are emerging market multinationals (EMNCs) really different from successful multinationals from developed economies? This book tackles these and other fundamental theoretical questions about EMNCs. A distinguished group of researchers assesses the unique strategies and behavior of successful EMNCs, from the Chinese telecommunications firm Huawei to the Indian conglomerate Tata, to the South African beverages firm SABMiller. They address a range of topics, such as the drivers of internationalization by EMNCs; their distinctive process capabilities; how they catch up with established rivals on technology; how state ownership or business-group affiliation affects their behavior; and why they sometimes relocate their headquarters to advanced economies. This book will appeal to scholars and graduate students in global strategy and international business, as well as consultants of multinational companies, looking for state-of-the-art analysis of EMNCs.Foreword1. Introduction Alvaro Cuervo-Cazurra and Ravi RamamurtiPart I. EMNCs in Historical PerspectiveWhat Is New?2. Theoretical debates on multinationals from emerging economies Yair Aharoni3. What does history add to EMNC research? Andrew GodleyPart II. Unique Capabilities of EMNCsDo They Exist?4. Modern international business theory and emerging market multinational companies Alan M. Rugman and Quyen T. K. Nguyen5. The limits of 'new' multinational enterprisesinstitutions, systems, and 'members-only' location advantages Rajneesh Narula6. The evolution of EMNCs and EMNC thinkinga capabilities perspective Donald Lessard7. EMNCs and catch-up processesthe case of four Indian industries Kristin Brandl and Ram MudambiPart III. The Internationalization of EMNCsDifferent Drivers?8. The global expansion of EMNCsparadoxes and directions for future research Peter J. Williamson9. Process perspectives on the growth of emerging economy multinationals Klaus E. Meyer10. Migrating EMNCs and the theory of the multinational Helena Barnard11. Business groups, institutional transition, and the internationalization of firms from emerging economies Torben Pedersen and Tamara Stucchi12. Country of origin effects on internationalizationinsights from Brazil Afonso Fleury and Maria Tereza Leme FleuryPart IV. A Path for the Future13. Conclusionan agenda for EMNC research Alvaro Cuervo-Cazurra and Ravi RamamurtiFurther readingIndex.
