The effect of home country characteristics on the internationalization of EMNEs: the moderating role of knowledge stock

Article


Foroudi, P., Gupta, S., Patel, P., Batsakis, G., Vaatanen, J. and Czinkota, M. 2023. The effect of home country characteristics on the internationalization of EMNEs: the moderating role of knowledge stock. International Business Review. 32 (2). https://doi.org/10.1016/j.ibusrev.2021.101893
TypeArticle
TitleThe effect of home country characteristics on the internationalization of EMNEs: the moderating role of knowledge stock
AuthorsForoudi, P., Gupta, S., Patel, P., Batsakis, G., Vaatanen, J. and Czinkota, M.
Abstract

This paper examines the effect of home country characteristics on the internationalization of emerging market multinational enterprises (EMNEs). Drawing on the institution-based view (IBV), we argue that institutional, political, and social characteristics will positively relate to the internationalization of EMNEs. Further, drawing on the knowledge-based view (KBV), we also argue that a firm’s knowledge stock (KS) will positively moderate the aforementioned relationship. Our research setting involves the incorporation of primary data collected from Iranian multinational enterprises (MNEs) operating in the food and beverage industry. The results provide support for the hypotheses that home country characteristics positively impact the international growth of EMNEs but this does not lead to their further expansion. Also, supported was the hypothesis that EMNEs' knowledge stock positively moderates the relationship between home country characteristics and their international growth. These findings not only contribute to current knowledge about the drivers of EMNE’s internationalization but also stress the idiosyncratic role of home country institutions and the impact of knowledge-specific capabilities on the internationalization of EMNEs, their international growth, and expansion.

LanguageEnglish
PublisherElsevier
JournalInternational Business Review
ISSN0969-5931
Publication dates
Online27 Jun 2021
PrintApr 2023
Publication process dates
Deposited29 Jun 2021
Submitted16 Feb 2020
Accepted22 Jun 2021
Output statusPublished
Accepted author manuscript
License
Copyright Statement

© 2021. This manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/

Digital Object Identifier (DOI)https://doi.org/10.1016/j.ibusrev.2021.101893
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