The American model of the multinational firm and the "new" multinationals from emerging economies

Academy of Management Perspectives

Volumn 23, Issue 2, 2009, Pages 23-35

  Guillén, Mauro F ^a   Garcia Canal, Esteban ^b  

^a Department of International Management   (United States)

^b UNIVERSITY OF OVIEDO   (Spain)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 67650476636     PISSN: 15589080     EISSN: None     Source Type: Journal    
DOI: 10.5465/AMP.2009.39985538     Document Type: Article

References (53)

1. Accenture. (2008). The rise of the emerging-market multinational. Retrieved April 8, 2009, from http://www.accenture.corn/NR/rdonlyres/2835C9BA- 2077-4C68-BlCD-8B87IX:9F009B/0/ MPW2Jan08.pdf.
2. Amsden, A. H., & Hikino, T. (1994). Project execution capability, organizational know-how and conglomerate corporate growth in late industrialization. Industrial and Corporate Change, 3(1), 111-147.
3. Aulakh, P. S. (2007). Emerging multinationals from developing economies: Motivations, paths and performance. Journal of International Management, 13(3), 235-240.
4. Bartlett, C. A., & Ghoshal, S. (1989). Managing across borders: The transnational solution. Boston: Harvard Business School Press.
5. BCG. (2008). The 2008 BCG 100 new global challengers: How top companies from rapidly developing economies are changing the world. Retrieved April 8, 2009, from http://www.bcg.com/impact-expertise/publications/ publication-list.jsp? pubID=2495.
6. Bell, J., McNaughton, R., & Young, S. (2001). Born-again global firms: An extension to the born global phenomenon. Journal of International Management, 7(3), 173- 190.
7. Bonaglia, R, Goldstein, A., & Mathews, J. A. (2007). Accelerated internationalization by emerging markets multinationals: The case of the white goods sector. Jour- nal of World Business, 42, 369-383.
8. Buckley, P. J., Clegg, L. J., Cross, A. R., Liu, X., Voss, H., & Zheng, P. (2007). The determinants of Chinese outward foreign direct investment. Journal of International Business Studies, 38, 499-518.
9. Campa, J. M., & Guillen, M. F. (1999). The internalization of exports: Firm and location-specific factors in a middle- income country. Management Science, 45(11), 1463- 1478.
10. Caves, R. E. (1996). Multinational enterprise and economic analysis. New York: Cambridge University Press.
11. Chandler, A. D. (1990). Scale and scope: The dynamics of industrial capitalism. Cambridge, MA: Harvard University Press.
12. Cho, D.-S. (1987). The general trading company: Concept and strategy. Lexington, MA: Lexington Books.
13. Cortright, J. (2006). Making sense of clusters: Regional com- petitiveness and economic development. (Discussion Paper). Washington, DC: The Brookings Institution Metropolitan Policy Program.
14. Cuervo, A., & Villalonga, B. (2000). Explaining the variance in the performance effects of privatization. Academy of Management Review, 25, 581-590.
15. Cuervo-Cazurra, A., & Gene, M. (2008). Transforming disadvantages into advantages: Developing-country MNEs in the least developed countries. Journal of International Business Studies, 39, 957-979. Economist. (2008, January 10). The challengers. The Economist.
16. Elango, B., & Pattnaik, C. (2007). Building capabilities for international operations through networks: A study of Indian firms. Journal of International Business Studies, 38, 541-555.
17. Ferrantino, M. J. (1992). Technology expenditures, factor intensity, and efficiency in Indian manufacturing. Review of Economics and Statistics, 74(4), 689-700.
18. Fields, K. J. (1995). Enterprise and the State in Korea and Taiwan. Ithaca, NY: Cornell University Press.
19. Garcia-Canal, E., & Guillen, M. F. (2008). Risk and the strategy of foreign location choice in regulated industries. Strategic Management Journal, 29, 1097-1115.
20. Garcia-Canal, E., Lopez Duarte, C, Rialp Criado, J., & Valdes Llaneza, A. (2002). Accelerating international expansion through global alliances: A typology of cooperative strategies. Journal of World Business, 37(2), 91- 107.
21. Goldstein, A. (2007). Multinational companies from emerging economies. New York: Palgrave Macmillan.
22. Guillén, M. F. (2000). Business groups in emerging economies: A resource-based view. Academy of Management Journal, 43(3), 362-380.
23. Guillén, M. F. (2002). Structural inertia, imitation, and foreign expansion: South Korean firms and business groups in China, 1987-1995. Academy of Management Journal, 45(3), 509-525.
24. Guillén, M. F. (2005). The rise of Spanish multinationals: European business in the global economy. Cambridge, England: Cambridge University Press.
25. Heenan, D. A., & Keegan, W. J. (1979). The rise of third world multinationals. Harvard Business Review, 57(Janu- ary-February), 101-109.
26. Henisz, W. J. (2003). The power of the Buckley and Casson thesis: The ability to manage institutional idiosyncrasies. Journal of International Business Studies, 34, 173-184.
27. Hoffmann, W. H. (2007). Strategies for managing a portfolio of alliances. Strategic Management Journal, 28(8), 827-856.
28. Hymer, S. (1960/1976). The international operations of na- tional firms: A study of direct foreign investment. Cambridge, MA: The MIT Press.
29. Johanson, J., & Vahlne, J. E. (1977). The internationalization process of the firms: A model of knowledge development and increasing foreign market commitments. Journal of International Business Studies, 8(1), 23-32.
30. Johanson, J., & Wiedersheim-Paul, F. (1975). The internationalization of the firm: Four Swedish cases. Journal of Management Studies, October, 305-322.
31. Kale, P., Singh, H., & Perlmutter, H. V. (2000). Learning and protection of proprietary assets in strategic alliances: Building relational capital. Strategic Management Journal, 21, 217-237.
32. Kindleberger, C. P. (1969). American business abroad. New Haven, CT: Yale University Press.
33. Kock, C, & Guillen, M. F. (2001). Strategy and structure in developing countries: Business groups as an evolutionary response to opportunities for unrelated diversification. Industrial & Corporate Change, 10(1), 1-37.
34. Lall, S. (1983). The new multinationals. New York: Wiley.
35. Lecraw, D. (1977). Direct investment by firms from less developed countries. Oxford Economic Papers, 29(November), 445-457.
36. Li, P. P. (2003). Toward a geocentric theory of multinational evolution: The implications from the Asian MNEs as latecomers. Asia Pacific Journal of Management, 22(2), 217-242.
37. Li, P. P. (2007). Toward an integrated theory of multinational evolution: The evidence of Chinese multinational enterprises as latecomers. Journal of International Manage- ment, 13(3), 296-318.
38. Mathews, J. A. (2002). Dragon multinationals: A new model of global growth. New York: Oxford University Press.
39. Mathews, J. A. (2006). Dragon multinationals. Asia Pacific Journal of Management, 23, 5-27.
40. McKendrick, D.G., Doner, R.F., & Haggard, S. (2001). From Silicon Valley to Singapore: Location and competitive advantage in the hard disk drive industry. Palo Alto, CA: Stanford University Press.
41. Meyer, K. E. (2004). Perspectives on multinational enterprises in emerging economies. Journal of International Business Studies, 35, 259-276.
42. Porter, M. E. (1988). Clusters and the new economics of competition. Harvard Business Review, 76(6), 77-90.
43. Rui, H., & Yip, G. S. (2008). Foreign acquisitions by Chinese firms: A strategic intent perspective. Journal of World Business, 43, 213-226.
44. Sarkar, M. B., Cavusgil, S. T., & Aulakh, P. S. (1999). International expansion of telecommunications carriers: The influence of market structure, network characteristics and entry imperfections. Journal of International Business Studies, 30, 361-382.
45. Stopford, J. M., & Wells, L. T. (1972). Managing the multinational enterprise. New York: Basic Books.
46. Tolentino, P. E. E. (1993). Technological innovation and third world multinationals. London: Routledge.
47. UNCTAD (United Nations Conference on Trade and Development). (2006). World Investment Report 2006. New York: United Nations.
48. Vernon, R. (1966). International investment and international trade in the product cycle. Quarterly Journal of Economics, 80, 190-207.
49. Vernon, R. (1979). The product cycle hypothesis in a new international environment. Oxford Bulletin of Economics and Statistics, 41(4), 255-267.
50. Wells, L. T. (1983). Third world multinationals: The rise of foreign investment from developing countries. Cambridge, MA: The MIT Press.
51. Wilkins, M. (1974). The maturing of multinational enterprise: American business abroad from 1914 to 1970. Cambridge, MA: Harvard University Press.
52. Yiu, D. W., Lau, C. M., & Bruton, G. D. (2007). International venturing by emerging economy firms: The effects of firm capabilities, home country networks, and corporate entrepreneurship. Journal of International Business Studies, 38, 519-540.
53. Zollo, M., & Singh, H. (2004). Deliberate learning in corporate acquisitions: Post-acquisition strategies and integration capability in U.S. bank mergers. Strategic Management Journal, 25, 1233-1256.