TY - JOUR
T1 - Direction of outward FDI of EMNEs
T2 - evidence from the Indian pharmaceutical sector
AU - Bhaumik, Sumon
AU - Driffield, Nigel
N1 - Bhaumik, S., & Driffield, N. (2011). Direction of outward FDI of EMNEs: evidence from the Indian pharmaceutical sector. Thunderbird international business review, 53(5), 615-628. © 2011 Wiley Periodicals, Inc.
PY - 2011/9
Y1 - 2011/9
N2 - This article seeks to add to the small but growing literature of emerging-market multinational enterprises (EMNEs). Using two linked large firm-level databases, it seeks to explore the determinants of outward investment of Indian pharmaceutical companies, distinguishing between developed- versus developing-country destinations. It specifically examines the impact of two firm-level characteristics that embody “non-OLI” [ownership, location, and internalization] firm-specific capabilities of EMNEs. The finding of this study is that family firms are keen on investing in other developing countries but much less so in developed countries. However, international linkages in the form of foreign investors offset this.
AB - This article seeks to add to the small but growing literature of emerging-market multinational enterprises (EMNEs). Using two linked large firm-level databases, it seeks to explore the determinants of outward investment of Indian pharmaceutical companies, distinguishing between developed- versus developing-country destinations. It specifically examines the impact of two firm-level characteristics that embody “non-OLI” [ownership, location, and internalization] firm-specific capabilities of EMNEs. The finding of this study is that family firms are keen on investing in other developing countries but much less so in developed countries. However, international linkages in the form of foreign investors offset this.
UR - http://www.scopus.com/inward/record.url?scp=84860407685&partnerID=8YFLogxK
U2 - 10.1002/tie.20438
DO - 10.1002/tie.20438
M3 - Article
SN - 1096-4762
VL - 53
SP - 615
EP - 628
JO - Thunderbird International Business Review
JF - Thunderbird International Business Review
IS - 5
ER -