A faster pace of business-efficiency reforms in emerging economies creates a hyper-competitive business landscape, with global firms arriving with significantly better resources posing enormous challenges to incumbent firms. Using a data set of 55,068 firm-year observations from 37 nations...

According to the springboard perspective, emerging market multinationals (EMNE) seek strategic assets aggressively from the outset. In this paper, we investigate the role of firms' institutional embeddedness in terms of age and affiliation to business group on their aggressive...