Purpose – In the continuing credit squeeze, sovereign wealth funds (SWFs) are still active in international lending and are eagerly sought out by large, cash-strapped companies in the West. The purpose of this paper is to examine their nature and strategies before and after the onslaught of...

Purpose – In the continuing credit squeeze, sovereign wealth funds (SWFs) are still active in international lending and are eagerly sought out by large, cash‐strapped companies in the West. The purpose of this paper is to examine their nature and strategies before and after the onslaught of...

The purpose of this paper is to examine how local market factors influence the choice of the mode of market entry of MNCs in emerging economies and to propose a framework that will guide companies when making their entry decisions. It is based upon a thorough review of the literature and a...