FOREIGN DIRECT INVESTMENT STRATEGIES BY DEVELOPING COUNTRY MULTINATIONALS: A DIAGNOSTIC MODEL FOR HOME COUNTRY EFFECTS
FOREIGN DIRECT INVESTMENT STRATEGIES BY DEVELOPING COUNTRY MULTINATIONALS: A DIAGNOSTIC MODEL FOR HOME COUNTRY EFFECTS
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DOI：
10.1111/j.2042-5805.2012.01036.x
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发表时间：
2012-08-01
影响因子：
7.6
通讯作者：
Wang, Stephanie Lu
中科院分区：
文献类型：
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作者：
Luo, Yadong;Wang, Stephanie Lu
我们探讨了母国条件如何影响发展中国家跨国公司(DMNC)采用的对外直接投资(OFDI)战略(规模、时机、地点)。从跳板和杠杆、联动和学习(LLL)的角度，我们说明了由于DMNC在国内的成熟优势和海外的竞争劣势，它们在国际化过程中以一种独特的方式依赖于其本土基地，而不同于传统的跨国公司。我们对来自中国的153家跨国公司的调查表明，除了已被广泛研究的东道国影响之外，跨国公司的海外投资战略还受到母国环境参数的影响，包括经济增长、感知的制度困难、竞争压力，以及母国的经营特征，包括向内国际化、创新导向和业务发展阶段。版权所有(C)2012年战略管理学会。
We explore how home country conditions affect outward foreign direct investment (OFDI) strategies (scale, timing, location) employed by developing country multinational corporations (DMNCs). Extending from the springboard and LLL (leverage, linkage, and learning) perspectives, we illustrate that DMNCs rely on their home base during their internalization process in a unique fashion compared with traditional multinationals due to their well-established strengths at home and competitive weaknesses overseas. Our survey of 153 DMNCs from China shows that, beyond the host country impacts that have been widely studied, DMNCs' overseas investment strategies are influenced by home country environment parameters, including economic growth, perceived institutional hardship, competitive pressure, and by their home country operational characteristics, including inward internationalization, innovation orientation, and business development stage. Copyright (C) 2012 Strategic Management Society.