The dynamics of emerging economy MNEs: How the internationalization process model can guide future research

Klaus E. Meyer (First Author), Ornjira Thaijongrak (Participant Author)

    Research output: Contribution to journalJournal

    62 Citations (Web of Science)

    Abstract

    The rapid emergence of multinational enterprises (MNEs) from emerging economies calls for a re-assessment of established theories of the MNE. We assess the usefulness of the internationalization process model (IPM), also known as the Uppsala model, to explain the recent strategies of emerging economy MNEs. We argue that popular stages models derived from the IPM are not helpful, but the underlying process of experiential learning driving steps of increased commitment is an important element in explaining the evolution of these MNEs over time. Focusing on the role of acquisitions within internationalization processes, we illustrate our arguments with six case studies of Thai MNEs. On this basis, we discuss how the IPM can inform future research on emerging economy MNEs. Specifically, the IPM suggests focusing on the internal and external factors that may induce firms to accelerate their cycle of international learning and commitment, in particular the roles of networks, acquisitions, human resources, big step commitments, the home country institutional environment, and possible managerial biases.
    Original languageEnglish
    Pages (from-to)1125-1153
    JournalAsia Pacific Journal of Management
    Volume30
    Issue number4
    DOIs
    Publication statusPublished - 2013

    Corresponding author email

    kmeyer@ceibs.edu

    Keywords

    • BUSINESS GROUPS
    • CHINESE FIRMS
    • CULTURAL DISTANCE
    • Experiential learning
    • FOREIGN DIRECT-INVESTMENT
    • INSTITUTIONAL PERSPECTIVE
    • Internationalization process model
    • JAPANESE INVESTORS
    • JOINT VENTURES
    • LOCATION CHOICE
    • MARKET
    • MNEs from emerging economies
    • Mergers & Acquisitions (M&As)
    • Thailand
    • UNITED-STATES

    Indexed by

    • ABDC-A
    • Scopus
    • SSCI

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