The challenge of BRIC multinationals / / [edited by] Rob van Tulder, Alain Verbeke, Jorge Carneiro, Maria Alejandra Gonzalez-Perez

• Record Nr.: UNINA9910827843603321
• Pubbl/distr/stampa: United Kingdom, England : , : Emerald, , 2017; ©2017
• ISBN: 1-78635-349-0
• Edizione: [1st ed.]
• Descrizione fisica: 1 online resource (672 pages) : illustrations, photographs, graphs
• Collana: Progress in international business research, , 1745-8862 ; ; v. 11
• Classificazione: 40.08
• Altri autori (Persone): TulderRob van; VerbekeAlain; CarneiroJorge <active 2016.>; Gonzalez-PerezMaria-Alejandra
• Disciplina: 650
• Soggetti: Business & Economics - International - General; International business; International business enterprises
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Nota di bibliografia: Includes bibliographical references.
• Nota di contenuto: Front Cover -- The Challenge of Bric Multinationals -- Copyright Page -- Contents -- List of Contributors -- About the Editors -- Preface to This Volume - A Tribute to Louis T. Wells -- Notes -- References -- Part I: The Challenge of BRIC Multinationals, a Challenge for BRIC Multinationals? - A Tribute to Louis T. Wells -- Chapter 1 Third World Multinationals: A Retrospective -- Background of the Research -- Context-Dependent Findings -- Home Market -- Export Manufacturing -- Why Invest? -- Legacies -- Surviving Concepts -- Old Theory and New Contexts -- Notes -- References -- Chapter 2 Third World Multinationals - Then and Now -- Introduction -- Internalization Theory Then and Now -- Third World Multinationals Then: 1983 -- The Essence of Internationalization Process -- Institutional Distance and EMNE Strategic Governance -- Firm-Specific Advantages -- Internationalization Drivers -- Third World Multinationals Now: 2016 -- No Longer Small Scale -- Changing Make-up of the "Third World" -- An Important Nuance: SOEs -- Conclusion -- Notes -- References -- Chapter 3 Introduction to This Volume: What Makes BRIC Multinationals ; Special? -- Introduction: What Makes BRIC Multinationals Special? -- Four Challenges Addressed by This Book -- The Challenges for BRIC MNEs -- References -- Part II: Bric Multinationals - International Expansion Patterns, International Organization and Environmental Trends -- Chapter 4 New Facts about BRIC Multinationals: From Macro to Micro Evidence -- Introduction -- Conceptual Framework -- Macro Evidence -- Micro Evidence -- Conclusions -- Notes -- Acknowledgments -- References -- Chapter 5 TRIAD &amp -- BRIC MNEs: Will the Internationalization Strategies Converge? -- Introduction -- BRIC Nations: Policy Changes -- Brazil -- Russia -- India -- China -- Bric &amp -- Triad: A Brief Comparison -- Empirical Analysis.; Significance of Government Role: Regression Analysis -- Literature Review -- Methodology -- Convergence Theory -- Data -- Results -- Time Series Analysis -- Methodology -- BRIC: Univariate Time Series Analysis -- Brazil -- Russia -- India -- China -- TRIAD: Univariate Time Series Analysis -- Cointegration and Sigma Convergence: Using Univariate Time Series -- Engle-Granger Methodology -- Convergence: Time Series Approach -- Limitations -- Discussions -- Notes -- Acknowledgments -- References -- Appendix -- Chapter 6 BRIC Multinational Enterprises: The Roles of Corruption and Nationalism -- Introduction -- Corruption and Nationalism -- South Africa and the BRIC Club -- BRIC Information and Comparison Corruption Information -- The Two Authoritarian Regimes -- The Two Constitutional Democracies -- Non-BRIC Emerging Economies Other Than South Africa -- Implications for a Theory of BRIC Multinationals -- References -- Chapter 7 Overcoming the Home Field Disadvantage: How BRICS Firms Adapt to Market Reforms -- The Rise of the BRICS Multinational -- About the Research -- BRICS Multinationals -- How Companies Can Benefit from Market Reforms -- References -- Chapter 8 Giants from Emerging Markets: The Internationalization of BRIC Multinationals -- Introduction -- Literature Review -- Methodology -- Findings -- Tata Motors -- Lenovo -- JBS -- VimpelCom -- Discussion -- Comparison among Studied BRIC MNCs Cases -- Conclusions -- References -- Chapter 9 BRIC(S) as an Emerging Block? -- Introduction: BRIC or BRIC(S) -- The Debate -- Economic Contribution -- Export Performance -- Social Development Indicators -- India Underperformer in BRICS -- Investment within BRICS -- The BRICS Bank: Is it an Alternative to IMF? -- Conclusion -- References -- Chapter 10 BRICS and Free Trade Agreements: A Special Relationship -- Introduction.; Why Do Countries Opt for Regional Trade Agreements? -- The Mega-RTAs Negotiations: Geographical Implications for the BRICS -- Impact of Three Mega-RTAs on BRICS Countries -- TPP -- RCEP -- TTIP -- Response by BRICS Members towards Recent Mega-RTAs -- China -- South Africa -- India -- Russia -- Brazil -- Concluding Remarks -- References -- Part III: Brazilian Multinationals - Cases -- Chapter 11 Internationalization as Co-Evolution of Market - And Non-market Strategies: The Case of Vale -- Introduction -- Literature: Non-Market Drivers and International Strategy -- Organizational Environment -- Industry Environment -- Institutional Environment -- Non-Market Drivers and the Evolution of International Strategy -- Vale's Internationalization -- Vale's Internationalization Strategy -- Internal Drivers and Strategy -- Market Drivers and Strategy -- Non-Market Drivers and Strategy -- Discussion -- Co-Evolutionary Dynamics -- Conclusion -- References -- Case A: Hering, from a Global Production Network Player to a Regional Retail Leader -- Hering Today -- Background and Environment -- The Internationalization Process -- The Three Stages in the Internationalization Process -- The External Environment -- Chronology of Internationalization Actions -- Hering ; and the Commodity Chain -- Hering as Branded Manufacturer -- Hering as Retailer -- Hering as Marketer -- Hering and Industrial Upgrading -- Current Situation -- The Managerial Dilemmas -- Questions for Discussion -- Teaching Notes -- Internationalization Model -- References -- Case B: Natura - The International Expansion of Brazilian Cosmetics Leader Natura: In Search of a European Scent -- Introduction -- The Cosmetics Industry -- Natura's History, Values, and Productive Structure -- Natura's Competitive Positioning -- Natura's Commercial Model -- Natura's Internationalization -- The Aesop Business.; Natura's Main Competitors -- The Company's Challenge -- Teaching Notes -- Summary -- Learning Objectives -- Suggested Issues for Discussion and Suggestions for Analysis -- Suggestions for Future Studies -- Notes -- References -- Case C: Do Institutions Matter? The Case of Wines Manufacturer from an Emerging Economy -- Introduction -- The Global Wine Industry -- The Wine Industry in Brazil -- Wineries -- Formal Institutions in Brazil -- Institutional Entities -- Formal Institutional Entities and Internationalization of the Wineries -- Wines Manufacturer from an Emerging Economy Affected by Political-Economic Bias -- Teaching Notes -- Recommended Use -- Learning Objectives -- Suggestions for In-Class Dynamics -- Questions to Debate -- Possibilities for Analysis -- Data Collection -- References -- Case D: Building Political Connexions to Expand Overseas: The Trajectory of a Brazilian Construction Company -- Context -- Brazilian Business Groups: Solid Ground -- From Foundation to Empire: Odebrecht's History -- Odebrecht's Groundwork: Corporate Governance -- Internationalisation: A Journey Characterised by Political Ties -- What's Next? -- Teaching Notes -- Synopsis -- Learning Objectives -- Target Audience -- Suggested Assignment Questions -- Examples of Potential Courses of Analysis -- Suggested Teaching Approach -- In-Class Dynamic -- Note -- References -- Appendix A -- Appendix B -- Appendix C -- Appendix D -- Appendix E -- Appendix F -- Part IV: Russian Multinationals - Cases -- Chapter 12 Russian MNCs: Empirical and Theoretical Aspects -- Russian Economic and Political Background -- Specificity of Russian Economic and Political Model -- Russian MNCs Feature as Reflection of Country's Economic and Political Models -- International Comparison: Chinese and Indian MNCs Feature as Reflection of Their Countries' Economic and Political Models.; Empirical Aspects -- Scope, Industrial, and Geographical Profiles of Russian MNCs -- Motivation -- Forms of Entry and Management -- Impact on Russian Economy -- Impact on Regional Integration -- Conclusion -- Notes -- References -- Chapter 13 Internationalization of Russian Business: A Double-Headed Strategy? -- Introduction and Overview -- Literature Review -- Case-Based Methodology within Three Choice Industries -- The Russian IT Industry: Creativity, Professionalism, and Passion in Complex Problem-Solving -- The Banking Sector - Cautious Internationalization of an Industry Leader -- How Steel was Tempered: Russian Steelmakers in the Global Cyclical Industry -- Conclusion -- References -- Chapter 14 The Role of Sanctions in the Internationalization of Russian Multinationals Toward China: The Case of Energy and ICT Sectors -- Russian-Chinese Economic Ties: An Overview -- Internationalization Patterns in Russian Oil and Gas Industry Toward China -- Russian Oil and Gas Industry: Market Diversification Challenges of State-Controlled Companies -- Economic Sanctions -- Internationalization Strategies of Rosneft and Gazprom Toward China -- Internationalization of Russian MNEs in ICT Sector -- Russian ICT Market Developments: Being an Innovative Leader in Turbulent Times -- Internationalization Strategies for ICTs: Could ; Sanctions Bring Radical Changes? -- Kaspersky Lab: Diversified Global Strategy -- Yota Devices: Gaining Global Competitiveness through Asia-Based Production -- Concluding Remarks -- Notes -- References -- Chapter 15 Against All Odds - A Diaspora Entrepreneur Developing Russian and Central Asian Markets -- Introduction -- Theoretical Framework -- Research Approach -- Case Description and Analysis -- Discussion and Conclusion -- References -- Case E: When The Subsidiary Leads Expansion: From Russia to Belarus and Beyond -- Introduction.; Background and Purpose.
• Sommario/riassunto: This PIBR volume examines a number of idiosyncratic elements in the internationalization strategies of BRIC MNEs and, in particular, in their relationship with home country policies: 1.The theoretical challenge: do we need different or more specific theories of EMNEs to assess the phenomenon of BRIC multinationals? 2.The empirical challenge: what marks the changing position of BRIC countries in the world economy? 3.The managerial challenge: with the coming of age of a new breed of multinationals, what distinguishes BRIC multinationals from other (emerging market) multinationals? 4.The policy making challenge: what impact have MNEs from BRIC countries had on their domestic economy?