The last two decades have seen significant internationalization of firms from developing economies, in terms of their greater participation in international trade, growing outflows of foreign direct investment (FDI), and a recent surge in their cross-border mergers and acquisition activity....

The recent corporate evolution of China and India has been characterized by increased internationalization of firms in the form of significant outward foreign direct investment flows and overseas mergers and acquisitions. To provide a context for the papers in this ICC special issue 18:2 (2009),...

We show that outward investment by Chinese firms with resource and asset seeking motives and Indian firms with market-seeking motives diverged after the financial crisis of 2008, due to different motives and the underlying financing structure of their outward investments. Indian firms faced...