One of the most significant changes in the global economy today is the strong increase in outgoing foreign direct investment (OFDI) from emerging economies to industrialised countries. Whereas investment in less developed countries is often motivated by the sourcing of natural resources and...

Der Beitrag analysiert die internationalen Produktionsverlagerungen und Investitionsverflechtungen in der Automobilindustrie, um die These zu überprüfen, dass es selbst bei der Herstellung relativ wissensund technologieintensiver Güter zu einem nachdrängenden Wettbewerb aus Ländern mit...

In this empirical study we examine the correlation between the internationalization processes and financial performance of firms by focusing on the emerging market firms (EMNCs) that originate from the BRIC countries. We test the shape of the internationalization - performance curve and explore...

Emerging markets have long been the recipient of foreign direct investment (FDI) from the world’s more advanced countries. They have used this to their advantage and actively attracted inward FDI as part of their growth and development strategies. However, emerging markets have since spurred...

What motivates firms in emerging economies to internationalize? In contrast to the previous literature suggesting that a competitive advantage is a key for firms to enter foreign markets, we propose one new explanation: the zonal advantage (ZA). ZA allows companies to internationalize without...

In recent years, there has been a fundamental shift in the innovation architecture of global firms. Rapid growth of the middle class in emerging markets, led by China, India, Brazil and Russia, is fueling the need to create affordable innovations in local markets. Such local innovations tend to...

Emerging markets have long been the recipient of foreign direct investment (FDI) from the world’s more advanced countries. They have used this to their advantage and actively attracted inward FDI as part of their growth and development strategies. However, emerging markets have since spurred...

What motivates firms in emerging economies to internationalize? In contrast to the previous literature suggesting that a competitive advantage is the key for firms to enter foreign markets, we propose one new explanation: the zonal advantage (ZA). We illustrate how zonal advantage affects firms'...

We develop a model of foreign direct investment (FDI) in which financially liquid foreign firms acquire liquidity-constrained target firms. Using a large dataset of emerging-market acquisitions, we find evidence supporting three central predictions of the model: (i) firms in external finance...

Purpose - We assess growth determinants in the BRICS (Brazil, Russia, India, China and South Africa) and MINT (Mexico, Indonesia, Nigeria and Turkey) fast-developing nations for the period 2001-2011. Particular emphasis is laid on the bundling and unbundling of ten governance dynamics....