PL EN


Preferencje help
Widoczny [Schowaj] Abstrakt
Liczba wyników
2016 | 8 | nr 1 | 251--262
Tytuł artykułu

The Competitiveness of Business Groups and their Affiliates in International Operations

Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
The discourse on the competitiveness of emerging economy firms continues with globalization. This paper joins the dialogue by providing a framework of the competitiveness of business groups and their affiliates in international operations. The goal is to address the vast literature on emerging economies that remains short in providing the theoretical background on the competitiveness of emerging and transitioning economy firms. To do this, this study used a critical review and analysis of the literature. It offers some propositions to illustrate the applicability of the framework in analyzing the international expansion of business group affiliates across borders. Ultimately, the paper contributes to the literature on managerial capabilities and competitiveness of firms to sustain their operations as the new emerging economy multinationals. (original abstract)
Rocznik
Tom
8
Numer
Strony
251--262
Opis fizyczny
Twórcy
  • Hankuk University of Foreign Studies, Yongin, South Korea
Bibliografia
  • Amsden, A.H., Hikino, T., 1994. Project execution capability, organizational know-how and conglomerate corporate growth in late industrialization. Industrial and Corporate Change, 3(1), p.111.
  • Barney, J., 1991. Firm resources and sustained competitive advantage. Journal of Management, 17(1), pp.99-120.
  • Birkinshaw, J., Hood, N., Jonsson, S., 1998. Building firm-specific advantages in multinational corporations: the role of subsidiary initiative. Strategic Management Journal, 19(3), pp.221-242.
  • Bonaglia, F., Goldstein, A., Mathews, J.A., 2007. Accelerated internationalization by emerging markets' multinationals: The case of the white goods sector. Journal of World Business, 42(4), pp.369-383.
  • Buckley, P., Cross, A., Tan, H., Xin, L., Voss, H., 2008. Historic and emergent trends in Chinese outward direct investment. Management International Review, 48(6), pp.715-748.
  • Carney, M., Gedajlovic, E., Heugens, P., Van Essen, M., Van Oosterhout, J., 2011. Business group affiliation, performance, con-text, and strategy: a meta-analysis. Academy of Management Journal, 54(3), pp.437-460.
  • Chacar, A., Vissa, B., 2005. Are Emerging Economies Less Efficient? Performance Persistence and the Impact of Business Group Affiliation. Strategic Management Journal, 26(10), pp.933-946.
  • Chandler, A.D., 1990. Scale and scope: Cambridge Univ Press.
  • Chang, S.J., 2006. Business groups in East Asia: Post-crisis restructuring and new growth. Asia Pacific Journal of Management, 23(4), 407-417.
  • Chang, S.J., Choi, U., 1988. Strategy, structure and performance of Korean business groups: A transactions cost approach. The Journal of Industrial Economics, pp.141-158.
  • Chang, S.J., Hong, J., 2000. Economic performance of group-affiliated companies in Korea: Intragroup resource sharing and internal business transactions. Academy of Management Journal, pp.429-448.
  • Chittoor, R., Ray, S., 2007. Internationalization paths of Indian pharmaceutical firms A strategic group analysis. Journal of International Management, 13(3), pp.338-355.
  • Colpan, A., Hikino, T., 2010. Foundations of Business Groups: Towards an Integrated Framework In A. M. Colpan, J. R. Lincoln & T. Hikino (Eds.), The Oxford handbook of business groups: Oxford Univ Pr.
  • Colpan, A., Hikino, T., Lincoln, J., 2010. The Oxford handbook of business groups: Oxford Univ Pr.
  • Contractor, F., 2013. Punching above their weight. International Journal of Emerging Markets, 8(4), 304-328.
  • Cuervo-Cazurra, A., Genc, M., 2008. Transforming disadvantages into advantages: developing -country MNEs in the least developed countries. Journal of International Business Studies, 39(6), pp.957-979.
  • Cuervo-Cazurra, A., 2012. Extending theory by analyzing developing country multinational companies: solving the goldilocks debate. Global Strategy Journal, 2(3), pp.153-167.
  • Delios, A., Ma, X., 2010. Diversification strategy and business groups. In A.M. Colpan, T. Hikino, J.R. Lincoln (Eds.). The Oxford Handbook of Business Groups, pp.718-742. Oxford: Oxford University Press.
  • Demsetz, H., 1988. Theory of the Firm Revisisted, The. Journal of Law, Economics & Organization, 4, p.141.
  • Dierickx, I., Cool, K., 1989. Asset stock accumulation and sustainability of competitive advantage. Management Science, 35(12), pp.1504-1511.
  • Douma, S., George, R., Kabir, R., 2006. Foreign and domestic ownership, business groups, and firm performance: evidence from a large emerging market. Strategic Management Journal, 27(7), pp.637-657.
  • Dunning, J., 1980. Towards an eclectic theory of international production: some empirical tests. Journal of International Business Studies, 11(1), pp.9-31.
  • Dunning, J., 2000. The eclectic paradigm of international production. The Nature of the Transnational Firm, p.119.
  • Dyer, J., Singh, H., 1998. The relational view: Cooperative strategy and sources of interorganizational competitive advantage. Academy of Management Review, 23(4), pp.660-679.
  • Elango, B., Pattnaik, C., 2007. Building Capabilities for International Operations through Networks: A Study of Indian Firms. Journal of International Business Studies, 38(4), pp.541-555.
  • Erramilli, M.K., Agarwal, S., Kim, S.-S., 1997. Are firm-specific advantages location-specific too? Journal of International Business Studies, pp.735-757.
  • Gammeltoft, P., Barnard, H., Madhok, A., 2010. Emerging multinationals, emerging theory: Macro- and micro-level perspectives. Journal of International Management, 16(2), pp.95-101.
  • Garg, M., Delios, A., 2007. Survival of the foreign subsidiaries of TMNCs: The influence of business group affiliation. Journal of International Management, 13(3), pp.278-295.
  • Ghemawat, P., Khanna, T., 1998. The nature of diversified business groups: A research design and two case studies. The Journal of Industrial Economics, 46(1), pp.35-61.
  • Goldstein, A.E., Wells, L.T., 2007. Multinational companies from emerging economies: composition, conceptualization and direction in the global economy: Palgrave Macmillan New York.
  • Gonenc, H., Kan, O., Karadagli, E. (2007). Business Groups and Internal Capital Markets. Emerging Markets Finance & Trade, 43(2), pp.63-81.
  • Granovetter, M., 1995. Coase revisited: business groups in the modern economy. Industrial and Corporate Change, 4, pp.93-130.
  • Guillén, M.F., 2000. Business groups in emerging economies: a resource-based view. Academy of Management Journal, 43, pp.362-380.
  • Henisz, W.J., 2003. The Power of the Buckley and Casson Thesis: The Ability to Manage Institutional Idiosyncrasies. Journal of International Business Studies, 34(2), pp.173-184.
  • Hennart, J.F., 1982. A Theory of Multinational Enterprise. Ann Arbor: University of Michigan Press.
  • Hennart, J.F., 2009. Down with MNE centric theories! Market entry and expansion as the bundling of MNE and local assets. Journal of International Business Studies, 40, pp.1432-1454.
  • Heugens, P., Zyglidopoulos, S., 2008. From social ties to embedded competencies: the case of business groups. Journal of Management & Governance, 12(4), pp.325-341.
  • Hobday, M., 1995. East Asian latecomer firms: learning the technology of electronics. World Development, 23(7), pp.1171-1193.
  • Hymer, S.,1976. The international operations of national firms: A study of Direct Foreign Investment. Cambridge, MA: MIT Press.
  • Johanson, J., 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(1), pp.23-32.
  • Khanna, T., Palepu, K., 1997. Why focused strategies may be wrong for emerging markets. Harvard Business Review, 75(4), pp.41-51.
  • Khanna, T., Palepu, K., 2000. The future of business groups in emerging markets: long run evidence from Chile. Academy of Management Journal, 43, pp.268-285.
  • Khanna, T., Rivkin, J., 2001. Estimating the performance effects of business groups in emerging markets. Strategic Management Journal, 22(1), pp.45-74.
  • Kim, H., Hoskisson, R., Tihanyi, L., Hong, J., 2004. The evolution and restructuring of diversified business groups in emerging markets: The lessons from chaebols in Korea. Asia Pacific Journal of Management, 21(1), pp.25-48.
  • Kock, C.J., Guillén, M.F., 2001. Strategy and structure in developing countries: Business groups as an evolutionary response to opportunities for unrelated diversification. Industrial and Corporate Change, 10(1), pp.77-113.
  • Kumaraswamy, A., Mudambi, R., Saranga, H., Tripathy, A., 2012. Catch-up strategies in the Indian auto components industry: Domestic firms/' responses to market liberalization. J Int Bus Stud, 43(4), pp.368-395.
  • Lavie, D., 2006. The competitive advantage of interconnected firms: an extension of the resource-based view. Academy of Management Review, 31(3), pp.638-658.
  • Leff, N., 1978. Industrial Organization and Entrepreneurship in the Developing Countries: The Economic Groups. Economic Development & Cultural Change, 26(4), pp.661.
  • Leibenstein, H., 1968. Entrepreneurship and development. The American Economic Review, 58(2), pp.72-83.
  • Li, P.P., 2007. Toward an integrated theory of multinational evolution: The evidence of Chinese multinational enterprises as late-comers. Journal of International Management, 13(3), pp.296-318.
  • Luo, Y., Tung, R.L., 2007. International Expansion of Emerging Market Enterprises: A Springboard Perspective. Journal of International Business Studies, 38(4), pp.481-498.
  • Mahmood, I., Mitchell, W., Chung, C., 2006. The Structure of Intra-Group Ties: Innovation in Taiwanese Business Groups.
  • Mahmood, I., Zhu, H., Zajac, E., 2011. Where can capabilities come from? network ties and capability acquisition in business groups. Strategic Management Journal, 32(8), pp.820-848.
  • Pananond, P., Zeithaml, C., 1998. The International Expansion Process of MNEs from Developing Countries: A Case Study of Thailand's CP Group. Asia Pacific Journal of Management, 15(2), pp.163-184.
  • Penrose, E., 1959. The theory of the growth of the firm: Oxford.
  • Ramamurti, R., 2012. What is really different about emerging market multinationals? Global Strategy Journal, 2(1), pp.41-47.
  • Ramamurti, R., Singh, J., 2009. Emerging multinationals in emerging markets: Cambridge University Press Cambridge.
  • Rugman, A., 1981. Inside the multinationals: the economics of the multinational enterprise: Columbia University Press, New York.
  • Rugman, A., 2009. Theoretical aspects of MNEs from emerging markets. In R. Ramamurti & J. V. Singh (eds.), Emerging multinationals in emerging markets: Cambridge University Press Cambridge.
  • Rugman, A., D'Cruz, J.R., 2000. Multinationals as flagship firms: Regional business networks: Oxford University Press, USA.
  • Rugman, A., Verbeke, A., 1992. A note on the transnational solution and the transaction cost theory of multinational strategic management. Journal of International Business Studies, 23(4), pp.761-771.
  • Strachan, H., 1976. Family and other business groups in economic development : the case of Nicaragua. New York: Praeger.
  • Tan, D., Meyer, K., 2010). Business groups' outward FDI: A managerial resources perspective. Journal of International Management, 16(2), pp.154-164.
  • Teece, D., 2014. A dynamic capabilities-based entrepreneurial theory of the multinational enterprise. Journal of International Business Studies, 45(1), pp.8-37.
  • Teece, D., Pisano, G., Shuen, A., 1997. Dynamic capabilities and strategic management. Strategic Management Journal, 18(7), pp.509-533.
  • UNCTAD, 2010. World Investment Report. New York: United Nations.
  • Verbeke, A., 2009. International business strategy: Rethinking the foundations of global corporate success. Cambridge University Press.
  • Williamson, O.E., 1981. The economics of organization: The transaction cost approach. American Journal of Sociology, pp.548-577.
  • Witt, M.A., Lewin, A.Y., 2007. Outward Foreign Direct Investment as Escape Response to Home Country Institutional Constraints. Journal of International Business Studies, 38(4), pp.579-594.
  • Yaprak, A., Karademir, B., 2010. The internationalization of emerging market business groups: an integrated literature review. International Marketing Review, 27(2), pp.245-262.
  • Yiu, D.W., 2011. Multinational advantages of Chinese business groups: A theoretical exploration. Management and organization review, 7(2), pp.249-277.
  • Yiu, D. W., Lu, Y., Bruton, G.D., Hoskisson, R.E., 2007. Business Groups: An Integrated Model to Focus Future Research. Journal of Management Studies, 44(8), pp.1551-1579.
  • Zaheer, S., 1995. Overcoming the liability of foreignness. Academy of Management Journal, 38(2), pp.341-363.
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171508706

Zgłoszenie zostało wysłane

Zgłoszenie zostało wysłane

Musisz być zalogowany aby pisać komentarze.
JavaScript jest wyłączony w Twojej przeglądarce internetowej. Włącz go, a następnie odśwież stronę, aby móc w pełni z niej korzystać.