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Home country institutions and nonmarket political strategy effects on EMNE foreign location choice
Long Range Planning ( IF 7.4 ) Pub Date : 2024-09-16 , DOI: 10.1016/j.lrp.2024.102477
Cinara Gambirage, Jaison Caetano da Silva, Flavio Carvalho de Vasconcelos, Ronaldo Couto Parente

While the literature has generated impressive insights on why emerging market multinationals enterprises (EMNEs) select certain foreign locations over others, we still lack an understanding of how the home country institutional weakness affects EMNEs' foreign location choices and the mechanisms through which EMNEs overcome this effect. In this study, we investigate how the home country institutional weakness affects EMNEs' foreign location choices and how EMNEs can use home country nonmarket political strategy to address their liability of foreignness. We argue that EMNEs struggle with home country institutional weakness that are carried over in host countries and create barriers for EMNEs to enter developed or markets more institutionally distant from their home country. Thus, EMNEs are more likely to choose institutionally similar countries as their foreign direct investment (FDI) targets to help them offset the additional liability they carry. Thus, the nonmarket political strategy can serve as a response to address barriers and help EMNEs reach developed markets and those more distant from their home country institutions. On the other hand, the findings show limitations of the strategy to completely moderates the effects of home country institutional weakness on EMNEs’ foreign location choices.

中文翻译:


本国机构和非市场政治战略对 EMNE 外国选址选择的影响



虽然文献对新兴市场跨国公司 (EMNE) 为什么选择某些外国地点而不是其他地点产生了令人印象深刻的见解,但我们仍然缺乏对母国制度弱点如何影响 EMNE 的外国地点选择以及 EMNE 克服这种影响的机制的理解。在这项研究中,我们调查了母国制度弱点如何影响 EMNE 的外国选址选择,以及 EMNE 如何利用母国非市场政治策略来解决其外国责任。我们认为,EMNE 与东道国遗留的本国制度弱点作斗争,并为 EMNE 进入发达国家或在机构上远离其本国的市场制造了障碍。因此,新兴市场和内务机构更有可能选择制度上相似的国家作为其外国直接投资 (FDI) 目标,以帮助它们抵消其承担的额外负债。因此,非市场政治战略可以作为消除障碍的回应,并帮助 EMNE 进入发达市场和远离其本国机构的市场。另一方面,研究结果表明,该策略在完全缓和本国机构弱点对 EMNE 外国地点选择的影响方面存在局限性。
更新日期:2024-09-16
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