The international expansion of emerging-economy firms : The influence of path-breaking change and its antecedents

Abstract : This dissertation introduces mechanisms that explain the international expansion of emerging-market multinational enterprises (EM MNEs) into advanced economies. It aims to provide a theoretical explanation of global champions from emerging economies. We propose path-breaking change as a complementary view that is the driver of emerging-economy firms’ international expansion into advanced economies. We argue that path-breaking change is a prerequisite before emerging-economy firms build and, in turn, leverage their ownership advantages in advanced economies. In addition, we further investigate the antecedents of path-breaking change. Building upon the upper-echelon theory, we assert that the composition of a top management team (TMT) and a board of directors (BOD) have an impact on the extent of a firm's path-breaking change. We argue that foreigners and executives with international exposure may bring new knowledge and introduce new management practices to their organizations. They may usesuch knowledge and skills to transform firms into more market-oriented entities. However, success in the domestic market may prevent a firm from changing. Firms tend to build their capabilities upon their historical path trajectory. Hence, market leadership position, conglomerate diversification, and government ties deter firms from venturing into advanced economies
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Kiattichai Kalasin. The international expansion of emerging-economy firms : The influence of path-breaking change and its antecedents. Business administration. HEC, 2011. English. ⟨NNT : 2011EHEC0011⟩. ⟨pastel-01067113v2⟩

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