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Lookup NU author(s): Professor Suraksha Gupta
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License (CC BY-NC-ND).
This paper examines the effect of home country characteristics on the internationalization of emerging market multinational enterprises (EMNEs). Drawing on the institution-based view (IBV), we argue that institutional, political, and social characteristics will positively relate to the internationalization of EMNEs. Further, drawing on the knowledge-based view (KBV), we also argue that a firm’s knowledge stock (KS) will positively moderate the aforementioned relationship. Our research setting involves the incorporation of primary data collected from Iranian multinational enterprises (MNEs) operating in the food and beverage industry. The results provide support for the hypotheses that home country characteristics positively impact the international growth of EMNEs but this does not lead to their further expansion. Also, supported was the hypothesis that EMNEs' knowledge stock positively moderates the relationship between home country characteristics and their international growth. These findings not only contribute to current knowledge about the drivers of EMNE’s internationalization but also stress the idiosyncratic role of home country institutions and the impact of knowledge-specific capabilities on the internationalization of EMNEs, their international growth, and expansion.
Author(s): Foroudi P, Gupta S, Bastakis G, Vaatanen J, Patel P, Czinkota M
Publication type: Article
Publication status: Published
Journal: International Business Review
Year: 2023
Volume: 32
Issue: 2
Print publication date: 01/04/2023
Online publication date: 27/06/2021
Acceptance date: 22/06/2021
Date deposited: 29/06/2021
ISSN (electronic): 0969-5931
Publisher: Elsevier
URL: https://doi.org/10.1016/j.ibusrev.2021.101893
DOI: 10.1016/j.ibusrev.2021.101893
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