Abstract
This study reviews research from 1970 through 2016 on developed country multinational enterprises (DMNEs) entering and competing in developing economies. To identify the current state of knowledge of this research and push it further, we review the literature using bibliometric and qualitative content analyses covering leading journals and books. We articulate frontier issues that are understudied yet critical to both theorization and practice of DMNEs in developing economies. We discuss the findings and conclusions from prior research along five key areas: (1) entering developing economies, (2) organizing local activities, (3) managing alliances and joint ventures, (4) competing in dynamic environments, and (5) dealing with institutions, governments and society. We offer prospective insights into future agenda that have important implications for MNE strategies and decisions, and propose frontier directions that encompass strategic localization, reverse transfer and adaptation, co-evolution with local business ecosystems, reorganizing and restructuring, and strategic responses to institutional and market complexity.
| Original language | English (US) |
|---|---|
| Journal | Journal of International Business Studies |
| DOIs | |
| State | Published - Jan 1 2019 |
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Keywords
- developing economies
- global strategy
- multinational corporations (MNCs) and enterprises (MNEs)
- qualitative review
ASJC Scopus subject areas
- Business and International Management
- Business, Management and Accounting(all)
- Economics and Econometrics
- Strategy and Management
- Management of Technology and Innovation
Cite this
Developed country MNEs investing in developing economies : Progress and prospect. / Luo, Yadong; Zhang, Huan; Bu, Juan.
In: Journal of International Business Studies, 01.01.2019.Research output: Contribution to journal › Review article
}
TY - JOUR
T1 - Developed country MNEs investing in developing economies
T2 - Progress and prospect
AU - Luo, Yadong
AU - Zhang, Huan
AU - Bu, Juan
PY - 2019/1/1
Y1 - 2019/1/1
N2 - This study reviews research from 1970 through 2016 on developed country multinational enterprises (DMNEs) entering and competing in developing economies. To identify the current state of knowledge of this research and push it further, we review the literature using bibliometric and qualitative content analyses covering leading journals and books. We articulate frontier issues that are understudied yet critical to both theorization and practice of DMNEs in developing economies. We discuss the findings and conclusions from prior research along five key areas: (1) entering developing economies, (2) organizing local activities, (3) managing alliances and joint ventures, (4) competing in dynamic environments, and (5) dealing with institutions, governments and society. We offer prospective insights into future agenda that have important implications for MNE strategies and decisions, and propose frontier directions that encompass strategic localization, reverse transfer and adaptation, co-evolution with local business ecosystems, reorganizing and restructuring, and strategic responses to institutional and market complexity.
AB - This study reviews research from 1970 through 2016 on developed country multinational enterprises (DMNEs) entering and competing in developing economies. To identify the current state of knowledge of this research and push it further, we review the literature using bibliometric and qualitative content analyses covering leading journals and books. We articulate frontier issues that are understudied yet critical to both theorization and practice of DMNEs in developing economies. We discuss the findings and conclusions from prior research along five key areas: (1) entering developing economies, (2) organizing local activities, (3) managing alliances and joint ventures, (4) competing in dynamic environments, and (5) dealing with institutions, governments and society. We offer prospective insights into future agenda that have important implications for MNE strategies and decisions, and propose frontier directions that encompass strategic localization, reverse transfer and adaptation, co-evolution with local business ecosystems, reorganizing and restructuring, and strategic responses to institutional and market complexity.
KW - developing economies
KW - global strategy
KW - multinational corporations (MNCs) and enterprises (MNEs)
KW - qualitative review
UR - http://www.scopus.com/inward/record.url?scp=85064260422&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85064260422&partnerID=8YFLogxK
U2 - 10.1057/s41267-019-00230-y
DO - 10.1057/s41267-019-00230-y
M3 - Review article
AN - SCOPUS:85064260422
JO - Journal of International Business Studies
JF - Journal of International Business Studies
SN - 0047-2506
ER -