Using a panel data of Chinese firms’ internationalization activities, we assess whether intellectual property (IP) institutions in a host country benefits or impedes innovation of emerging multinational companies (EMNCs). We show thatIPinstitutionsin a host country enable an EMNC to obtain...

We propose that home country institutional environment shapes emerging market firms’ foreign expansion. We argue that better-developed home country institutional environment promotes emerging market firms’ expansion to foreign markets more advanced than the home country, while institutional...