文章基本信息

标题：Does Knowledge from Home Markets Boost Outward Foreign Direct Investments of Emerging Economy Multinationals? Evidence from Indian Family EMNEs
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作者：Arindam Mondal ; Sarada Devi Gadepalli
期刊名称：American Business Review
印刷版ISSN：0743-2348
电子版ISSN：2689-8810
出版年度：2020
卷号：23
期号：2
页码：211-240
DOI：10.37625/abr.23.2.211-240
语种：English
出版社：Pompea College of Business
摘要：Despite increasing research on multinationals from emerging economies (EMNEs), our understanding of the antecedents of their international expansion is still limited. In this study, we seek to examine whether knowledge gained from operating in their complex and diverse domestic markets deter or aid the outward foreign direct investments of EMNEs. As family firms are dominant in emerging economies, we further explore how heterogeneity within family firms moderate this relationship. We conduct our investigations using a proprietary longitudinal dataset comprising 213 EMNEs from India featuring in the S&P Bombay Stock Exchange (BSE) 500 index covering a six-year period from 2007-08 to 2012-13, of which 175 were family EMNEs and find supporting evidence for our theoretical predictions.