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Emerging market multinational companies and internationalization: the role of home country urbanization

Estrin, Saul, Nielsen, Bo B. and Nielsen, Sabina (2017) Emerging market multinational companies and internationalization: the role of home country urbanization. Journal of International Management. ISSN 1075-4253

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Identification Number: 10.1016/j.intman.2016.11.006

Abstract

We develop a multilevel theoretical framework for investigating the role of home country urbanization for emerging market multinational companies' (EMNCs) international expansion. We propose that more urbanized home environments directly increase EMNC's proclivity to internationalize and moderate the effects of firm intangible and tangible resources. The empirical counterpart studies 592 EMNCs from 18 different countries in 2010 and an unbalanced panel of a subsample of these firms over the period 2006–2010. Our hypotheses are confirmed in both datasets. We find that while urbanization complements firm financial resources when expanding abroad, it appears to substitute to some extent for internal R&D capabilities. Our findings further our understanding of the drivers of internationalization of EMNCs.

Item Type: Article
Official URL: http://www.journals.elsevier.com/journal-of-intern...
Additional Information: © 2016 Elsevier
Divisions: Management
Subjects: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Sets: Departments > Management
Date Deposited: 24 Nov 2016 12:26
Last Modified: 20 Jun 2020 02:22
URI: http://eprints.lse.ac.uk/id/eprint/68350

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