首页> 外文期刊>Journal of world business >No place like home? How EMNCs from hyper turbulent contexts internationalize by sequentially arbitraging rents, values, and scales abroad
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No place like home? How EMNCs from hyper turbulent contexts internationalize by sequentially arbitraging rents, values, and scales abroad

机译:没有像家一样的地方?来自动荡背景下的EMNC如何通过顺序套利国外的租金,价值和规模来实现国际化

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摘要

Combining historical and longitudinal comparative case methodologies for nine nascent EMNCs over 12 years, we explain how their evolving relationship to a hyper turbulent home country motivates largely unplanned yet aggressive internationalization. Firms progressively mitigate the damaging effects of their rapidly deteriorating home context by pursuing a sequence of three institutional arbitrage modes. They first arbitrage rents to stabilize their rocky domestic operations, then arbitrage values to safeguard their threatened core identity, and finally arbitrage scales to transcend their limited growth prospects. The induced stepwise process of internationalization yields similar patterns for purely domestic firms, exporters, and foreign direct investors.
机译:我们结合了过去12年中针对9个新兴EMNC的历史和纵向比较案例方法,我们解释了它们与动荡的母国不断发展的关系如何在很大程度上激发了计划外但激进的国际化。公司通过采取三种制度套利模式来逐步减轻其迅速恶化的家庭环境的破坏性影响。他们首先进行套利租金以稳定其不稳定的国内业务,然后进行套利价值以维护其受到威胁的核心身份,最后套利规模超越其有限的增长前景。对于国际国内公司,出口商和外国直接投资者来说,国际化的逐步过程产生了相似的模式。

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