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


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.

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Divisions: College of Business and Social Sciences > Aston Business School > Economics, Finance & Entrepreneurship
College of Business and Social Sciences > Aston Business School > Aston India Foundation for Applied Research
College of Business and Social Sciences > 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
Publication ISSN: 1520-6874
Last Modified: 29 Feb 2024 08:10
Date Deposited: 11 Mar 2019 18:13
Full Text Link: http://onlineli ... .20438/abstract
Related URLs: http://www.scop ... tnerID=8YFLogxK (Scopus URL)
PURE Output Type: Article
Published Date: 2011-09
Published Online Date: 2011-08-18
Authors: Bhaumik, Sumon (ORCID Profile 0000-0002-4459-3659)
Driffield, Nigel (ORCID Profile 0000-0003-1056-3117)



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