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عنوان فارسی مقاله:

بین المللی سازی شرکت های چند ملیتی در حال ظهور هند : دیدگاه ارتباط، اهرم و یادگیری (LLL)


عنوان انگلیسی مقاله:

Internationalization of emerging Indian multinationals: Linkage, leverage and learning (LLL) perspective


سال انتشار : 2015



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مقدمه انگلیسی مقاله:

1. Introduction

‘‘For Asia and around the world, India is not simply emerging. India has emerged’’ (US President, Barack Obama addressing the Indian parliament on 8th November, 2010). Multinationals from emerging economies are not a new phenomenon and have existed for over 50 years but the current focus on them is beginning to open up new thinking in terms of the motives, opportunities and constraints behind their internationalization (Aulakh, 2007; Wilkinson, Wood, & Demirbag, 2015). The spread, speed and intensity of the growth of emerging market multinational enterprises (EMMNEs) and their impact on international business have caught researchers by surprise (Sirkin, Hemerling, & Bhattacharya, 2008). Equally, ‘‘[. . .] (the) complementarity between the characteristics of the emergent global economy and latecomer and newcomer strategic and organizational innovations is what drives the remarkable success of these Asia Pacific firms in establishing themselves as serious international players’’(Mathews, 2006a: 5). The EMMNEs are defined as ‘‘international companies that originated from emerging markets and are engaged in outward foreign direct investment (FDI), where they exercise control and undertake value-adding activities in one or more foreign countries’’ (Luo & Tung, 2007: 4). Given the increasing number of EMMNEs entering Western developed economies, one can no longer classify them as unusual cases from obscure countries (Ramamurti, 2009; Ramamurti & Singh, 2009; Yeung, 1999). Furthermore, by no means can EMMNEs be considered as homogeneous as they come from different countries and industries and target different markets with different entry strategies and firm-specific advantages. They also operate in a different economic landscape, which is much more globalized and opening new ‘‘global gateways’’. This makes it difficult to generalize their features and compare them with traditional MNEs (Ramamurti, 2009). We believe that EMMNEs presentthe greatest challenges for scholarship – given the difficulties they face in breaking into fresh markets, acquiring advanced technologies, and integrating themselves in global value chains. So their study is even more rewarding than in the case of advanced MNEs, especially in the absence of reliable information in the case of the former. A key issue for researchers and practitioners is to understand the ways in which EMMNEs are distinctive from MNEs fromdeveloped countries. But despite the significant growth of EMMNEs in the last decade or so, our understanding of how they differ from traditional, Western MNEs remains limited and is often based on anecdotal evidence (OECD, 2006; Wright, Filatotchev, Hoskisson, & Peng, 2005). The EMMNEs have to overcome the double hurdle of liability of foreignness (Hymer, 1976) and liability of country of origin. While liability of foreignness is unavoidable for any MNE, the liability of country of origin and specifically the disadvantages because of perceived weakness and lack of global dominance of the home country’s economy is more of an issue for EMMNEs than for MNEs from developed economies (Chang, Mellahi, & Wilkinson, 2009: 76).



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