Where to seek strategic assets for competitive catch-up? a configurational study of emerging multinational enterprises expanding into foreign strategic-factor markets
posted on 2016-10-12, 10:46authored byLin Cui, Di Fan, Xiaohui Liu, Yi Li
Emerging multinational enterprises (EMNEs) often engage in strategic-asset-seeking foreign direct investment (FDI) for competitive catch-up. This study explores the linkages between an EMNE’s competitive scenario consisting of a configuration of its awareness-motivation-capability (AMC) conditions and the comparative institutional advantages of its strategic-asset-seeking destination. Our configurational analyses of Chinese FDIs in the technology-intensive industries of OECD countries reveal a taxonomy of four distinct asset-seeking strategies of EMNEs. Our findings shed novel insights into the strategic variations within EMNEs based on a theoretically and methodologically extended AMC framework. This study also extends the varieties of capitalism literature by addressing the implications of comparative institutional advantages for foreign entrants, rather than domestic incumbent firms.
History
School
Business and Economics
Department
Business
Published in
Organization Studies
Volume
38
Issue
8
Pages
1059 - 1083
Citation
CUI, L. ... et al, 2017. Where to seek strategic assets for competitive catch-up? a configurational study of emerging multinational enterprises expanding into foreign strategic-factor markets. Organization Studies, 38(8), pp.1059-1083.
Publisher
SAGE
Version
AM (Accepted Manuscript)
Publisher statement
This work is made available according to the conditions of the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) licence. Full details of this licence are available at: https://creativecommons.org/licenses/by-nc-nd/4.0/
Acceptance date
2016-09-01
Publication date
2016-10-12
Notes
This paper was accepted for publication in the journal Organization Studies and the definitive published version is available at http://dx.doi.org/10.1177/0170840616670441