How Different are Emerging Economy MNEs? A Comparative Study of Location Choice
نویسنده
چکیده
What distinguishes the global location strategies of multinational enterprises (MNEs) from emerging economies (EE) and industrialized economies (IEs)? We propose relative maturity in international business as the key distinguishing feature. Locations offering learning opportunities have a stronger positive effect on investment by EE MNEs, while barriers to entry have a stronger negative one. We test hypotheses derived from this argument against alternatives from the strategic asset seeking and institutional perspectives, using conditional logit methods on a dataset of MNEs from nine countries investing in IEs. We find the maturity perspective to dominate the alternatives.
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