Publication Type

Journal Article

Version

publishedVersion

Publication Date

5-2022

Abstract

With the rapid growth of emerging market multinational enterprises (EMNEs), increasing interest has been focused on exploring the internationalization-performance (I-P) relationship of EMNEs. Yet findings on the relationship remain contradictory. Although researchers emphasize the home-country-bounded nature of EMNEs, less is known about how home-government features and the EMNEs' political mindset affect their internationalization and performance. This study integrates and extends the literature on the I-P relationship of EMNEs using a meta-analysis covering a dataset of 218 effect sizes from 186 retrieved studies published between 1998 and 2021. Findings show that the I-P relationship is overall positive, yet it varies across diverse research designs and emerging markets and regions. Also, our findings indicate that home-country government quality and transformability exert significant positive impacts on the relationship, while nationalism negatively moderates the government's impacts on the relationship. This study pushes the boundaries of EMNE literature through conceptualizing home-government features and incorporating consideration of nationalism in this research field.

Keywords

internationalization, performance, emerging market multinational enterprises (EMNEs), home-country government, nationalism, meta-analysis

Discipline

International Business | Strategic Management Policy

Research Areas

Strategy and Organisation

Publication

Management International Review

Volume

62

Issue

2

First Page

203

Last Page

243

ISSN

0938-8249

Identifier

10.1007/s11575-022-00466-1

Publisher

Springer

Copyright Owner and License

Authors

Creative Commons License

Creative Commons Attribution 4.0 International License
This work is licensed under a Creative Commons Attribution 4.0 International License.

Additional URL

https://doi.org/10.1007/s11575-022-00466-1

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