Journal article
Learning breakdown in latecomer multinational enterprises
Asia Pacific Journal of Management, Vol.34(4), pp.823-850
2017
Abstract
Integrating the linkage, leverage, and learning (LLL) model with institutional economics, this paper develops a moderated mediation framework to examine the relationship between internationalization and the performance of multinational enterprises from latecomer economies (latecomer MNEs). In the framework, whether a latecomer MNE may succeed in learning and knowledge-led profit gains from internationalization is contingent on the development of market-oriented institutions in the country in which it is based. Latecomer MNEs based in countries with a high level of the development of market-oriented institutions are likely to succeed in learning to obtain knowledge-led profit gains from internationalization. Latecomer MNEs based in countries with a low level of the development of market-oriented institutions are likely to experience a breakdown in learning, and a failure in knowledge-led profit gains from internationalization. This paper provides robust evidence on the relationship between internationalization and the performance of latecomer MNEs conditional on the development of market-oriented institutions in their home countries, and discusses strategic implications for latecomer MNE managers.
Details
- Title
- Learning breakdown in latecomer multinational enterprises
- Authors/Creators
- X. Tian (Author/Creator) - Murdoch University
- Publication Details
- Asia Pacific Journal of Management, Vol.34(4), pp.823-850
- Publisher
- Springer
- Identifiers
- 991005540066607891
- Copyright
- © 2017 Springer Science+Business Media New York
- Murdoch Affiliation
- School of Business and Governance
- Language
- English
- Resource Type
- Journal article
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- Citation topics
- 6 Social Sciences
- 6.3 Management
- 6.3.1229 International Business
- Web Of Science research areas
- Management
- ESI research areas
- Economics & Business