Publication Type

Journal Article

Version

acceptedVersion

Publication Date

6-2024

Abstract

Emerging market multinational corporations (EMNCs) have emerged as significant global players, driven by their home country political connections that present both opportunities and challenges. Despite the insights gained from current studies, we still lack a clear conceptualisation of diverse political connections and the distinctiveness of politically connected EMNCs. Our study conducts a comprehensive review to bridge those gaps. We identify and compare two types of political connections, delve into major theories and highlight their main focus, key arguments, mechanisms and outcome predictions. Consequently, we propose a context-mechanism-outcome framework across three contextual levels, emphasising theoretical convergence and divergence between politically connected EMNCs and advanced market multinational corporations (AMNCs). We also spotlight disruptions caused by deglobalisation and their implications for those EMNCs. We conclude by proposing an agenda to reorient future research on this important and timely topic, especially in light of the deglobalisation trends that are reshaping the international business landscape.

Keywords

Deglobalisation, Emerging market multinational corporations, Political connections, State-owned enterprises, Overseas investments

Discipline

International Business | Political Economy

Research Areas

Strategy and Organisation

Publication

International Business Review

Volume

33

Issue

3

First Page

1

Last Page

16

ISSN

0969-5931

Identifier

10.1016/j.ibusrev.2023.102196

Publisher

Elsevier

Copyright Owner and License

Authors

Additional URL

https://doi.org/10.1016/j.ibusrev.2023.102196

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