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This study examines whether and to what extent emerging-market multinational enterprises (EM MNEs) can use outward FDI in a developed market to capture knowledge spillovers so as to improve their technological capabilities at home. We refer to this as a “reverse spillover” effect on parent...
Persistent link: https://www.econbiz.de/10013070049
This paper models a multilateral agreement on investment (MAI) as a coordination device. Multinational enterprises can invest in any number of countries. Without a multilateral investment agreement, expropriation triggers an investment stop by the single MNE. Under a multilateral agreement,...
Persistent link: https://www.econbiz.de/10012754890
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...
Persistent link: https://www.econbiz.de/10009552305
This paper evaluates the role of preferential trade agreements (PTAs) in the context of global value chains. Given the interconnectedness of trade and investment, preferential trade agreements not only contribute to participation and value capture by eliminating traditional trade barriers, they...
Persistent link: https://www.econbiz.de/10014144037
The literature on the internationalisation of firms has paid little attention to SMEs. SME-oriented studies are predominantly descriptive or illustrating theoretical arguments, and those dealing with services are mostly confined to specific industries. The paper aims at correcting some of these...
Persistent link: https://www.econbiz.de/10011492109
Internationalisation of Russian companies has become a distinctive phenomenon and has drawn attention of scholars, practitioners and policy-makers alike. Newly emerged Russian companies have extended their presence from the nearest former Soviet republics to the advanced markets of Western...
Persistent link: https://www.econbiz.de/10013124331
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...
Persistent link: https://www.econbiz.de/10014241140
Persistent link: https://www.econbiz.de/10013261104
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...
Persistent link: https://www.econbiz.de/10010430738
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...
Persistent link: https://www.econbiz.de/10011491137