Emerging Market Multinational Companies and Internationalization: The Role of Home Country Urbanization

被引：37
|
作者：
Estrin, Saul [1 ]
Nielsen, Bo B. [2 ,3 ]
Nielsen, Sabina [2 ,4 ]
机构：
[1] London Sch Econ, Dept Management, London, England
[2] Univ Sydney, Discipline Int Business, Sydney, NSW, Australia
[3] Copenhagen Business Sch, Dept Strateg Management & Globalizat, Copenhagen, Denmark
[4] Copenhagen Business Sch, Dept Int Econ & Management, Copenhagen, Denmark
来源：
JOURNAL OF INTERNATIONAL MANAGEMENT | 2017年 / 23卷 / 03期
关键词：
Emerging market multinationals; Internationalization; Home country effects; Urbanization; Financial strength; Cross-classified; Multilevel modeling; RESEARCH-AND-DEVELOPMENT; FIRM PERFORMANCE; BUSINESS GROUPS; CORPORATE DIVERSIFICATION; AGGLOMERATION ECONOMIES; MODERATING ROLE; STRATEGIES; RESOURCES; KNOWLEDGE; GROWTH;
D O I：
10.1016/j.intman.2016.11.006
中图分类号：
C93 [管理学];
学科分类号：
12 ; 1201 ; 1202 ; 120202 ;
摘要：
We develop a multilevel theoretical framework for investigating the role of home country urbanization for emerging market multinational companies' (EMNCs) international expansion. We propose that more urbanized home environments directly increase EMNC's proclivity to internationalize and moderate the effects of firm intangible and tangible resources. The empirical counterpart studies 592 EMNCs from 18 different countries in 2010 and an unbalanced panel of a subsample of these firms over the period 2006-2010. Our hypotheses are confirmed in both datasets. We find that while urbanization complements firm financial resources when expanding abroad, it appears to substitute to some extent for internal R&D capabilities. Our findings further our understanding of the drivers of internationalization of EMNCs. (C) 2016 Elsevier Inc. All rights reserved.
引用
收藏
页码：326 / 339
页数：14
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