clusters as a driving engine for fdi

《clusters as a driving engine for fdi》由会员上传分享，免费在线阅读，更多相关内容在工程资料-天天文库。

1、JournalofInternationalManagement16(2010)154–164ContentslistsavailableatScienceDirectJournalofInternationalManagementBusinessgroups'outwardFDI:Amanagerialresourcesperspectivea,⁎,KlausE.Meyerb,1DanchiTanaDepartmentofInternationalBusiness,NationalChengchiUniversity,64,Chih-NanRd.Sec.2,Taipei,

2、116,TaiwanbSchoolofManagementUniversityofBath,ClavertonDown,Bath,BA27AY,UnitedKingdomarticleinfoabstractArticlehistory:OutwardFDIstrategiesaredrivenbyfirms'resourceendowments,whichinturnareconditionedReceived1October2008bytheirhomeenvironment.Inemergingeconomies,thus,thepatternofoutwardFDIi

3、sshapedbyReceivedinrevisedform1September2009localfirms'idiosyncraticcontextsandtheresourcesthatthesefirmsdevelopedtofitthecontexts.Accepted1January2010Thisincludesbusinessgroups,adominantorganizationalforminmanyemergingeconomies,Availableonline14April2010competingwithcontext-boundresources.Wh

4、entheywishtotranscendtheirhomecontext,theyneedinternationallyvaluableresources,especiallymanagerialresources,whichmaybequiteKeywords:differentthantheresourcesthatenabledomesticgrowth.ThispaperthusexploreswhatresourcesInternationalizationdrivethisinternationalgrowthinthecaseofTaiwanesebusin

5、essgroups.StartingfromPenrosianBusinessgrowthTheory,wefocusonmanagerialresourcesthataresharedacrossthememberfirmsofagroup,andResource-basedviewthusshapetheprofileofthegroup.WefindthatinternationalworkexperiencefavorsInstitutionalviewinternationalizationwhileinternationaleducationdoesnot.Moreo

6、ver,domesticinstitutionalBusinessgroupsresourcesdistractfrominternationalization,presumablybecausetheyarenottransferableintootherinstitutionalcontexts,andthusfavorothertypesofgrowth.©2010ElsevierInc.Allrightsreserved.1.IntroductionForeigndirectinvestment(FDI)originatingfromemergingeconomie

7、sraisesnewquestionsforinternationalbusinessresearchagendas(LuoandTung,2007;Gammeltoft,2008;AthreyeandKapur,2009).Inparticular,thesebusinessesappeartodeveloppatternsofFDIthataredifferentfrommultinationalsfrommaturemarketeconomies(Matthew,2006;Yiuetal.,2007b;Enr