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Internationalization and Location Choice of Multinational Enterprises from Emerging Economies

박정양|Jonathan Jones
한국국제경영학회 (Korean Academy of International Business)|2019.02|국제경영연구 (International Business Journal)|제30권 제1호|pp. 23-54|DOI http://dx.doi.org/10.14365/ibj.2019.30.1.2

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중국China국제화internationalization해외직접투자foreign direct investmentlocation choice신흥시장입지 선택emerging economies
주제분류경영학

초록

Research has highlighted the importance of location strategies during the internationalization process for firms. Drawing on a multiple case study, this paper examines the locational strategic patterns explored by emerging market multinational enterprises (EMNEs) when internationalizing into developed economies. The findings suggest that EMNEs tend to focus on a diverse set of subnational investment motives in their location decisions compared to traditional multinational enterprises (MNEs). The location considerations by EMNEs when internationalizing into developed economies, seem to be driven by strategic-asset seeking motivations. Moreover, the spatial agglomeration of pre-existing foreign investments in the region may influence the location strategies employed by EMNEs. This paper provides a theoretical framework for EMNEs to develop location strategies which may serve as guidelines to search for distinctive location advantages in their internationalization.

Abstract

Research has highlighted the importance of location strategies during the internationalization process for firms. Drawing on a multiple case study, this paper examines the locational strategic patterns explored by emerging market multinational enterprises (EMNEs) when internationalizing into developed economies. The findings suggest that EMNEs tend to focus on a diverse set of subnational investment motives in their location decisions compared to traditional multinational enterprises (MNEs). The location considerations by EMNEs when internationalizing into developed economies, seem to be driven by strategic-asset seeking motivations. Moreover, the spatial agglomeration of pre-existing foreign investments in the region may influence the location strategies employed by EMNEs. This paper provides a theoretical framework for EMNEs to develop location strategies which may serve as guidelines to search for distinctive location advantages in their internationalization.

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