Research on emerging-market multinational enterprises: Extending Alan Rugman’s critical contributions |
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| Institution: | 1. Beedie School of Business, Simon Fraser University, 8888 University Drive, Burnaby, BC V5A 1S6, Canada;2. Beedie School of Business, Simon Fraser University, 500 Granville Street, Vancouver, BC V6C 1W6, Canada;1. Department of Economics & Management, University of Pisa, Via Ridolfi 10, 56124 Pisa, Italy;2. Department of International Business and Economics, University of Greenwich Business School, Old Royal Naval College, Park Row, London SE10 9LS, UK;3. Max Planck Institute of Economics, Evolutionary Economics Group, Kahlaische Straße 10, 07745 Jena, Germany;4. Department of Political and Social Sciences, University of Pavia, Corso Strada Nuova 65, 27100 Pavia, Italy;5. WHU – Otto Beisheim School of Management, Burgplatz 2, 56179 Vallendar, Germany;1. University of Calgary, McCaig Chair in Management, Haskayne School of Business, 2500 University Drive NW, Calgary, AB T2N 1N4, Canada;2. Assistant Professor of Strategy and International Business Haskayne School of Business, University of Calgary, Calgary, Alberta T2N 1N4, Canada;3. Associate Professor Stu Clark Chair in Entrepreneurship and Innovation Asper School of Business, University of Manitoba, Winnipeg, Manitoba R3T 5V4, Canada;1. TMCD, Department of International Development, University of Oxford, United Kingdom;2. Nanjing Audit University, China;3. Department of Political Sciences, University of Bari, Italy, and Institute of Development Policy and Management, University of Antwerp, Belgium;1. School of Management, Curtin Business School, Curtin University, Kent Street, Bentley, 6102 Western Australia, Australia;2. Shenzhen International Business School, Shenzhen University, 3688 Nanhai Road, Shenzhen 518060, Guangdong, China |
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| Abstract: | We summarize Rugman’s contributions to the literature on emerging-market multinational enterprises (EMNEs) and propose directions to extend his work. We first review his work, where he extended his early research on international business theories to understand the nature, positioning, and activities of EMNEs. EMNEs typically exhibit home-based firm-specific advantages (FSAs) yet lack host-based and non-location-bound FSAs. Most of their sales or assets are focused on the domestic market. Given that the goals of EMNEs may conflict with or complement those of their home or host governments, EMNEs either receive government support or face regulatory barriers. We propose several directions for further research: investigating the mechanisms (e.g., international acquisitions) through which EMNEs develop strong FSAs, exploring the strategy and performance of state-owned EMNEs (vs. private EMNEs), and constructing comprehensive datasets to test the strategy and performance of EMNEs. |
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| Keywords: | Alan Rugman Emerging-market MNEs Firm-specific advantages State-owned MNEs |
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