Direction of outward FDI of EMNEs:evidence from the Indian pharmaceutical sector

Bhaumik, Sumon and Driffield, Nigel (2011). Direction of outward FDI of EMNEs:evidence from the Indian pharmaceutical sector. Thunderbird International Business Review, 53 (5), pp. 615-628.

Abstract

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.

Publication DOI: https://doi.org/10.1002/tie.20438
Divisions: Aston Business School > Economics, Finance & Entrepreneurship
Aston Business School > Aston India Foundation for Applied Research
Aston Business School
Additional Information: 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.
Uncontrolled Keywords: Geography, Planning and Development,Political Science and International Relations,Business and International Management
Full Text Link: http://onlineli ... .20438/abstract
Related URLs: http://www.scop ... tnerID=8YFLogxK (Scopus URL)
Published Date: 2011-09
Authors: Bhaumik, Sumon
Driffield, Nigel

Download

[img]

Version: Draft Version

| Preview

Export / Share Citation


Statistics

Additional statistics for this record