Buckley, PJ orcid.org/0000-0002-0450-5589 (2018) Internalisation Theory and outward direct investment by emerging market multinationals. Management International Review, 58 (2). pp. 195-224. ISSN 0938-8249
Abstract
The rise of multinational enterprises from emerging countries (EMNEs) poses an important test for theories of the multinational enterprise such as internalisation theory. It has been contended that new phenomena need new theory. This paper proposes that internalisation theory is appropriate to analyse EMNEs. This paper examines four approaches to EMNEs—international investment strategies, domestic market imperfections, international corporate networks and domestic institutions—and three case studies—Chinese outward FDI, Indian foreign acquisitions and investment in tax havens—to show the enduring relevance and predictive power of internalisation theory. This analysis encompasses many other approaches as special cases of internalisation theory. The use of internalisation theory to analyse EMNEs is to be commended, not only because of its theoretical inclusivity, but also because it has the ability to connect and to explain seemingly desperate phenomena.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | (c) The Author(s) 2017. This article is distributed under the terms of the Creative Commons Attribution 4.0 International License http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made. |
Keywords: | Multinational enterprises; Emerging markets; Internalisation theory; International investment strategies; International corporate networks; International mergers and acquisitions |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Business (Leeds) > International Business Division (LUBS) (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 13 Apr 2017 09:30 |
Last Modified: | 23 Jun 2023 22:27 |
Status: | Published |
Publisher: | Springer Verlag |
Identification Number: | 10.1007/s11575-017-0320-4 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:115008 |