The effect of home country characteristics on the internationalization of EMNEs: the moderating role of knowledge stock

Foroudi, Pantea ORCID: https://orcid.org/0000-0003-4000-7023, Gupta, Suraksha, Patel, Parth, Batsakis, Georgios, Vaatanen, Juha and Czinkota, Michael (2021) The effect of home country characteristics on the internationalization of EMNEs: the moderating role of knowledge stock. International Business Review , 101893. ISSN 0969-5931 [Article] (Published online first) (doi:10.1016/j.ibusrev.2021.101893)

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Abstract

This paper examines the effect of home country characteristics on the internationalization of emerging market multinational enterprises (EMNEs). Drawing on the institution-based view (IBV), we argue that institutional, political, and social characteristics will positively relate to the internationalization of EMNEs. Further, drawing on the knowledge-based view (KBV), we also argue that a firm’s knowledge stock (KS) will positively moderate the aforementioned relationship. Our research setting involves the incorporation of primary data collected from Iranian multinational enterprises (MNEs) operating in the food and beverage industry. The results provide support for the hypotheses that home country characteristics positively impact the international growth of EMNEs but this does not lead to their further expansion. Also, supported was the hypothesis that EMNEs' knowledge stock positively moderates the relationship between home country characteristics and their international growth. These findings not only contribute to current knowledge about the drivers of EMNE’s internationalization but also stress the idiosyncratic role of home country institutions and the impact of knowledge-specific capabilities on the internationalization of EMNEs, their international growth, and expansion.

Item Type: Article
Research Areas: A. > Business School > Marketing, Branding and Tourism
Item ID: 33457
Notes on copyright: © 2021. This manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/
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Depositing User: Pantea Foroudi
Date Deposited: 29 Jun 2021 10:29
Last Modified: 02 Jul 2021 14:17
URI: https://eprints.mdx.ac.uk/id/eprint/33457

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