Skip to main content

Abstract

One of the most remarkable phenomena of recent times is that a large number of firms from emerging economies have come to define and dominate new markets and enter the class of global innovation leaders. Firms that once specialized in cheap but high-quality substitutes (e.g. Brazil’s Embraer), or those that adopted fast second mover strategies (as the one followed by Korea’s Samsung), or firms that offered outsourcing services (for instance, India’s Wipro) are now firmly at the core of the global productivity and innovation frontier. In addition, many small and medium sized local firms that started as exporting joint ventures have moved abroad on their own account.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 84.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 109.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 109.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  • Amighini, A., Rabellotti, R., and Sanfilippo, M. (2010). The outward FDI from developing country MNEs as a channel for technological catch-up, MIUR PRIN Working Paper, 4.

    Google Scholar 

  • Amit, R. and Schoemaker, P. (1993). Strategic assets and organizational rent, Strategic Management Journal, 14: 33–46.

    Article  Google Scholar 

  • Amstrong, C.E. and Shimizu, R. (2007). A review of approaches to empirical research on the resource-based view of the firm, Journal of Management, 33: 959–986.

    Article  Google Scholar 

  • Andersen, O. and Kheam, L.S. (1998). Resource-based theory and international growth strategies: An exploratory study, International Business Review, 7: 163–184.

    Article  Google Scholar 

  • Athanassiou, N. and Nigh, D. (2000). Internationalization, tacit knowledge and the top management teams of MNCs, Journal of International Business Studies, 31: 471–487.

    Article  Google Scholar 

  • Athreye, S. and Kapur, S. (2009). Introduction: The internationalization of Chinese and Indian firms-Trends, motivations and strategy, Industrial and Corporate Change, 18: 209–221.

    Article  Google Scholar 

  • Aulakh, P.S. (2007). Special issue on emerging multinationals from developing economies: Motivations, paths and performance, Journal of International Management, 13: 235–402.

    Article  Google Scholar 

  • Aulakh, P.S., Kotabe, M. and Teegen, H. (2000). Export strategies and performance of firms from emerging economies: Evidence from Brazil, Chile and Mexico, Academy of Management Journal, 43: 342–361.

    Article  Google Scholar 

  • Barkema, H.G. and Vermeulen, F. (1998). International expansion through start up or acquisition: A learning perspective, Academy of Management Journal, 41: 7–26.

    Article  Google Scholar 

  • Barkema, H.G., Shenkar, O., Vermeulen, F. and Bell, J.H. (1997). Working abroad, working with others: How firms learn to operate international joint ventures, Academy of Management Journal, 40: 426–442.

    Article  Google Scholar 

  • Barney, J.B. and Arikan, A.M. (2001). The resource-based view: Origins and implications, in M.A. Hitt, R.E. Freeman and J.S. Harrison (eds) The Blackwell Handbook of Strategic Management. Oxford: Blackwell Publishers.

    Google Scholar 

  • Barney, J.B. (1991). Firm resources and sustained competitive advantage, Journal of Management, 17: 99–120.

    Article  Google Scholar 

  • Barney, J.B. (2001). Is the resource-based ‘view’ a useful perspective for strategic management research? Yes, Academy of Management Review, 26: 41–56.

    Google Scholar 

  • Barney, J.B., Wright, M. and Ketchen Jr., D.J., (2001). The resource-based view of the firm: Ten years after 1991, Journal of Management, 27: 625–641.

    Article  Google Scholar 

  • Bartlett, C.A. and Ghoshal, S. (1989). Managing across borders: The transnational solution, American Foreign Policy Interests, 21: 20–22.

    Google Scholar 

  • Black, J.A. and Boal, K.B. (1994). Strategic resources: Traits, configurations and paths to sustainable competitive advantage, Strategic Management Journal, 15: 131–148.

    Article  Google Scholar 

  • Bloodgood, J.M., Sapienza, H.J. and Almeida, J.G. (1996). The internationalization of new high-potential US ventures: Antecedents and outcome, Entrepreneurship: Theoty and Practice, 20: 61–76.

    Google Scholar 

  • Brouthers, K.D., Brouthers, L.E. and Werner, S. (2008). Resource-based advantages in an international context, Journal of Management, 34: 189–217.

    Article  Google Scholar 

  • Buckley, P.J. and Casson, M. (1976). The Future of the Multinational Enterprise. London: Macmillan.

    Google Scholar 

  • Buckley, P.J. and Casson, M.C. (2009). The internalisation theory of the multinational enterprise: A review of the progress of a research agenda after 30 years, Journal of International Business Studies, 40: 1563–1580.

    Article  Google Scholar 

  • Buckley, P.J., Clegg, L.J., Cross, A.R., Liu, X., Voss, H. and Zheng, P. (2007). The determinants of Chinese outward foreign direct investment, Journal of International Business Studies, 38: 499–518.

    Article  Google Scholar 

  • Castanias, R.P. and Helfat, C.E. (2001). The managerial rents model: Theory and empirical analysis, Journal of Management, 27: 661–678.

    Article  Google Scholar 

  • Caves, R.E. (1982). Multinational Firms and Economic Analysis. Cambridge: Cambridge University Press.

    Google Scholar 

  • Child, J. and Rodrigues, S.B. (2005). The internationalization of Chinese firms: A case for theoretical extension? Management and Organization Review, 1: 381–410.

    Article  Google Scholar 

  • Coase, R.H. (1937). The nature of the firm, Economica, 4: 386–405.

    Article  Google Scholar 

  • Coviello, N.E. and Munro, H. (1997). Network relationships and the internationalization process of small software firms, International Business Review, 6: 361–386.

    Article  Google Scholar 

  • Dierickx, I. and Cool, K. (1989). Asset stock accumulation and sustainability of competitive advantage, Management Science, 35: 1504–1511.

    Article  Google Scholar 

  • Dunning, J.H. and Namla, R. (1996). The investment development path revisited: Some emerging issues, in J.H. Dunning and R. Narula (eds) Foreign Direct Investment Governments: Catalysts for Economic Restructuring, London: Routledge.

    Google Scholar 

  • Dunning, J.H. (1981). International Production and the Multinational Enterprise. London: Allen and Unwin.

    Google Scholar 

  • Dunning, J.H. (2000). The eclectic paradigm as an envelope for economic and business theories of MNE activity, International Business Review, 9: 163–190.

    Article  Google Scholar 

  • Elango, B., and Pattnaik, C. (2007). Building capabilities for international operations through networks: A study of Indian firms, Journal of International Business Studies, 38: 541–555.

    Article  Google Scholar 

  • Felin, T. and Foss, N.J. (2005). Strategic organization: A field in search of micro-foundations, Strategic Organization, 3: 441–455.

    Article  Google Scholar 

  • Filatotchev, I., Liu, X., Buck, T. and Wright, M. (2009). The export orientation and export performance of high-technology SMEs in emerging markets: The effects of knowledge transfer by returnee entrepreneurs, Journal of International Business Studies, 40: 1005–1021.

    Article  Google Scholar 

  • Guillén, M.F. (2000). Business groups in emerging economies: A resource-based view, Academy of Management Journal, 43: 362–380.

    Article  Google Scholar 

  • Guillén, M.F. and Garcia-Canal, E. (2009). The American model of the multinational firm and the ‘new’ multinationals from emerging economies, The Academy of Management Perspective, 23: 23–35.

    Article  Google Scholar 

  • Helfat, C.E. and Peteraf, M.A. (2003). The dynamic resource-based view: Capabilities lifecycles, Strategic Management Journal, 24: 997–1010.

    Article  Google Scholar 

  • Hitt, M.A., Bierman, L., Uhlenbruck, K. and Shimizu, K. (2006). The importance of resources in the internationalization of professional service firms: The good, the bad, and the ugly, The Academy of Management Journal, 49: 1137–1157.

    Article  Google Scholar 

  • Hitt, M.A., Dacin, T.M., Levitas, E., Arregle, J. and Borza, A. (2000). Partner selection in emerging and developed market contexts: Resource-based and organizational learning perspectives, The Academy of Management Journal, 43: 449–467.

    Article  Google Scholar 

  • Ibeh, K. and Wheeler, C.N. (2005). A resource-centred interpretation of export performance, International Entrepreneurship and Management Journal, 1: 539–556.

    Article  Google Scholar 

  • Javalgi, R.G. and Todd, P.R. (2011). Entrepreneurial orientation, management cornmitment, and human capital: The internationalization of SMEs in India, Journal of Business Research, 64: 1004–1010.

    Article  Google Scholar 

  • Johanson, J. and Vahlne, J.E. (1990). The mechanism of internationalisation, International Marketing Review, 7: 11–24.

    Article  Google Scholar 

  • Johanson, J. and Vahlne, J.E. (1977). The internationalization process of the firm: A model of knowledge development and increasing foreign market commitments, Journal of International Business Studies, 8: 23–32.

    Article  Google Scholar 

  • Johanson, J. and Vahlne, J.E. (2009). The Uppsala internationalization process model revisited: From liability of foreignness to liability of outsidership, Journal of International Business Studies, 40: 1411–1431.

    Article  Google Scholar 

  • Jones, M.V. and Coviello, N.E. (2005). Internationalisation: Conceptualising an entrepreneurial process of behaviour in time, Journal of International Business Studies, 36: 284–303.

    Article  Google Scholar 

  • Knight, G.A. and Cavusgil, S.T. (2004). Innovation, organizational capabilities, and the born-global firm, Journal of International Business Studies, 35: 124–141.

    Article  Google Scholar 

  • Kogut, B. and Zander, U. (1993). Knowledge of the firm and the evolutionary theory of the multinational corporation, Journal of International Business Studies, 24: 625–645.

    Article  Google Scholar 

  • Li, P.P. (2003). Toward a geocentric theory of multinational evolution: The implications from the Asian MNEs as latecomers, Asia Pacific Journal of Management, 20: 217–242.

    Article  Google Scholar 

  • Luo, Y. (2000). Dynamic capabilities in international expansion, Journal of World Business, 35: 355–378.

    Article  Google Scholar 

  • Luo, Y. and Tung, R.L. (2007). International expansion of emerging market enterprises: A springboard perspective, Journal of International Business Studies, 38: 481–498.

    Article  Google Scholar 

  • Mahoney, J.T. and Pandian, J.R. (1992). The resource-based view within the conversation of strategic management, Strategic Management Journal, 13: 363–380.

    Article  Google Scholar 

  • Markusen, J.R. 2004. Multinational Firms and the Theory of International Trade. Cambridge: The MIT Press.

    Google Scholar 

  • Mathews, J.A. (2002). Competitive advantages of the latecomer firm: A resource-based account of industrial catch-up strategies, Asia Pacific Journal of Management, 19: 467–488.

    Article  Google Scholar 

  • Mathews, J.A. (2003). Competitive dynamics and economic learning: An extended resource-based view, Industrial and Corporate Change, 12: 115–145.

    Article  Google Scholar 

  • Mathews, J.A. (2006). Dragon multinationals: New players in 21st century globalization, Asia Pacific Journal of Management, 23: 5–27.

    Article  Google Scholar 

  • Meyer, K.E., Estrin, S., Bhaumik, S.K. and Peng, M.W. (2009). Institutions, resources, and entry strategies in emerging economies, Strategic Management Journal, 30: 61–80.

    Article  Google Scholar 

  • Morgan, N.A., Vorhies, D.W. and Schlegelmilch, B.B. (2006). Resource-performance relationships in industrial export ventures: The role of resource inimitability and substitutability, Industrial Marketing Management, 35: 621–633.

    Article  Google Scholar 

  • Mutinelli, M. and Piscitello, L. (1998). The entry mode choice of MNEs: An evolutionary approach, Research Policy, 27: 491–506.

    Article  Google Scholar 

  • Narula, R. (2006). Globalization, new ecologies, new zoologies, and the purported death of the eclectic paradigm, Asia Pacific Journal of Management, 23: 143–151.

    Article  Google Scholar 

  • Newbert, S.L. (2007). Empirical research on the resource-based view of the firm: An assessment and suggestions for future research, Strategic Management Journal, 28: 121–146.

    Article  Google Scholar 

  • Oviatt, B.M. and McDougall, P.P. (1994). Explaining the formation of international new ventures: The limits of theories from international business research, Journal of Business Venturing, 9: 469–487.

    Article  Google Scholar 

  • Peng, M.W. (2001). The resource-based view and international business, Journal of Management, 27: 803–829.

    Article  Google Scholar 

  • Peng, M. (2011). Global Business, second edition. Cincinnati, OH: South-Western Cengage Learning.

    Google Scholar 

  • Peng, M.W., Sun, S.L., Pinkham, B. and Chen, H. (2009). The institution-based view as a third leg for a strategy tripod, Academy of Management Perspective, 23: 63–81.

    Article  Google Scholar 

  • Peng, M.W., Wang, D.Y.L. and Jiang, Y. (2008). An institution based view of international business strategy: A focus on emerging economies, Journal of International Business Studies, 39: 920–936.

    Article  Google Scholar 

  • Penrose, E.T. (1959). The Theoty of the Growth of the Firm. Oxford: Blackwell Publishers.

    Google Scholar 

  • Peteraf, M.A. (1993). The cornerstones of competitive advantage: A resource-based view, Strategic Management Journal, 14: 179–191.

    Article  Google Scholar 

  • Porter, M.E. (1980). Competitive Strategy. New York: Free Press.

    Google Scholar 

  • Prahalad, C.K. and Hamel, G. (1990). The core competence of the corporation, Harvard Business Review, 68: 71–91.

    Google Scholar 

  • Prashantham, S. (2004). Local relationships and internationalization of small knowledge intensive firms. The Copenhagen Journal of Asian Studies, 19: 5–26.

    Google Scholar 

  • Priem, R.L. and Butler, J.E. (2001). Is the resource-based ‘view’ a useful perspective for strategic management research? Academy of Management Review, 26: 22–40.

    Article  Google Scholar 

  • Reuber, A.R. and Fischer, E. (1997). The influence of the management team’s international experience on the internationalization behaviors of SMEs, Journal of International Business Studies, 28: 807–825.

    Article  Google Scholar 

  • Rugman, A.M. and Verbeke, A. (2002). Edith Penrose’s contribution to the resource-based view of strategic management, Strategic Management Journal, 23: 769–780.

    Article  Google Scholar 

  • Rugman, A.M. (1981). Inside the Multinationals: The Economics of Internal Markets. New York: Columbia University Press.

    Google Scholar 

  • Rumelt, R.P. (1984). Toward a strategic theory of the firm, in R. Lamb (ed.) Competitive Strategic Management. Englewood Cliffs, NJ: Prentice-Hall, 556–570.

    Google Scholar 

  • Shih, T. and Wickramasekera, R. (2011). Export decisions within Taiwanese electrical and electronic SMEs: The role of management characteristics and attitudes, Asia Pacific Journal of Management, 28: 353–377.

    Article  Google Scholar 

  • Tan, D. and Meyer, K.E. (2010). Business groups’ outward FDI: A managerial resources perspective, Journal of International Management, 16: 154–164.

    Article  Google Scholar 

  • Teece, D.J., Pisano, G. and Shuen, A. (1997). Dynamic capabilities and strategic management, Strategic Management Journal, 18: 509–533.

    Article  Google Scholar 

  • Wernerfelt, B. (1984). A resource-based view of the firm, Strategic Management Journal, 5: 171–180.

    Article  Google Scholar 

  • Wernerfelt, B. (1995). The resource-based view of the firm: Ten years after, Strategic Management Journal, 16: 171–174.

    Article  Google Scholar 

  • Westhead, P., Wright, M. and Ucbasaran, D. (2001). The internationalization of new and small firms: A resource-based view, Journal of Business Venturing, 16: 333–358.

    Article  Google Scholar 

  • Williamson, O.E. (1975). Markets and Hierarchies. New York: Free Press.

    Google Scholar 

  • Witt, M.A. and Lewin, A.Y. (2007). Outward foreign direct investment as escape response to home country institutional constraints, Journal of International Business Studies, 38: 579–594.

    Article  Google Scholar 

  • Yiu, D.W., Lau, C. and Bruton, G.D. (2007). International venturing by emerging economy firms: The effects of firm capabilities, home country networks, and corporate entrepreneurship, Journal of International Business Studies, 38: 519–540.

    Article  Google Scholar 

Download references

Authors

Editor information

Editors and Affiliations

Copyright information

© 2012 Martijn A. Boermans and Hein Roelfsema

About this chapter

Cite this chapter

Boermans, M.A., Roelfsema, H. (2012). A Resource-Based View of Internationalization in Emerging Economies. In: Marinov, M.A., Marinova, S.T. (eds) Impacts of Emerging Economies and Firms on International Business. Palgrave Macmillan, London. https://doi.org/10.1057/9781137032546_2

Download citation

Publish with us

Policies and ethics