*Asia Pacific Journal of Management
*Call for Papers for Conference and Special Issue on*


*Deadline for submission: December 1, 2013*
Conference venue: Copenhagen, Denmark
Conference dates: September 2014
Targeted publication date for the Special Issue: June 2015

*Special Issue Editors:*
Bersant Hobdari (Copenhagen Business School)
Peter Gammeltoft (Copenhagen Business School)
Klaus Meyer (CEIBS and University of Bath)
Jing Li (Simon Fraser University)

Over the last decade emerging market multinationals (EMNCs) have become
important players in the world economy. This has led to increased interest
in their behavior by academics and policy makers alike who are beginning to
come to grips with the most important analytical and policy issues that
affect the world economy due to the rise of EMNCs. A lively debate in the
literature is discussing the applicability of lessons from the study of
developed country multinationals to EMNCs, and the contributions that the
study of EMNCs can offer to theories of the multinational enterprise in

Studies from developed economy multinationals recognize that both
firm-specific and environmental factors help explain international
diversification. Over the last decade, increasing attention has been given
to the drivers of internationalization strategies of firms from emerging
economies and evidence on the relationship between EMNCs’ competitive
advantages and the nature of their internationalization strategies is
beginning to emerge. In this context, extant literature has focused on
aspects of home country environments as potential determinants of EMNCs’
advantages and internationalization processes. Erramilli, Agarwal and Kim
(1997) observed “that firm-specific advantages are molded by home-country
environment has received some empirical scrutiny and support.” Yet, there
remain significant unresolved questions in the international business and
strategic management literatures as to how the home environment of a firm
impacts its international strategies and operations. The substantial
increase in outward foreign direct investment from countries such as China
and India emphasizes the importance of this question.

The global economy is shifting in ways that offer new opportunities and new
challenges for firms from emerging economies. These firms often originate
from institutional environments which are heterogenic and segmented, have
co-evolved their structures and practices within idiosyncratic
institutional environments, and need to overcome differences between
diverse institutional settings in their foreign direct investments. These
challenges are often compounded by limited organizational and managerial
experience and capabilities to internationalize.

We believe that there are significant opportunities for improving our
understanding of how home country environment affects various processes and
outcomes that drive EMNCs, and thus to advance theories of the
multinational enterprise. Consequently, we are soliciting empirical and
theoretical work addressing these complex relationships between various
forms of home country environmental heterogeneities and EMNCs. This special
issue provides an opportunity to bring together the research of scholars
from a diverse range of disciplinary traditions such as economics,
sociology and political science. As such, the following list of potential
research questions is merely illustrative of the broad range of studies
that could fit in the special issue of Asia Pacific Journal of Management

• How do EMNCs leverage political and social ties at home to gain access to
and/or leadership in foreign markets, especially developed country markets?
• How do the institutional framework and the resource endowment of the home
country influence the patterns and processes of organizational learning and
capability building that enable investments abroad?
• From a co-evolutionary perspective, what are the dynamics of the
interrelationship between institutional change and corporate strategy? How
do EMNCs leverage their experience abroad to impact institutional
development at home?
• What is the extent and modalities through which emerging market
governments influence the operations of EMNCs?
• What distinguishes international investment strategies by state-owned by
privately-owned EMNCs? Is government ownership enabler or liability in
• What role do country of origin formal (regulatory) and informal
(cultural) institutions play in pace of internationalization and degree of
international commitments?
• How do governance structures, such as ownership and managerial
incentives, affect internationalization decisions and the success or
failure of overseas operations?

All papers are to be submitted to the APJM website
The deadline for receipt of papers for this special issue is December 1,
2013. The format of submissions must comply with submission guidelines
posted at the APJM website, and we have a marked preference for submissions
which debate with, extend, and/or refute the indicative literature cited
below. Please indicate that your submission is to be reviewed for the
Special Issue on Emerging Economy Multinationals (choose that in the
“article type” item during the submission process).

Papers will be double-blind peer-reviewed. We will make initial editorial
decisions by June, 2014. Authors invited to revise and resubmit their work
will be invited to present the papers at the APJM special issue workshop to
be held at the conference on “Emerging Economy Multinationals” at
Copenhagen Business School in Copenhagen, Denmark.

The papers accepted and presented at the workshop will be considered for
publication in a special issue of the APJM. Presentation at the workshop
does not necessarily guarantee publication in the special issue. The
combination of a workshop and a special issue nevertheless follows a highly
successful APJM initiative to bring out the full potential of authors and
papers. For questions about the special issue, please contact Bersant
Hobdari, Guest Editor, at [log in to unmask]

Indicative Contemporary Literature

Bhaumik, S.K., Driffield, N. & Pal, S., 2010. Does ownership structure of
emerging market firms affect their outward FDI? The case of the Indian
automotive and pharmaceutical sectors, Journal of International Business
Studies, 41: 437-450.
Boisot, M. & Meyer, W. 2008. Which way through the open door? Reflections
on the internationalization of Chinese firms, Management and Organization
Review 4(3): 349-366.
Buckley P.J., Clegg J., Cross A., Rhodes, H., Voss H. & Zheng, P. 2008.
Explaining China's outward FDI: an institutional perspective', in: Sauvant,
K. ed., The rise of transnational corporations from emerging markets,
Cheltenham: Elgar.
Chen Y.Y. & Young, M.N. 2010. Cross-border mergers and acquisitions by
Chinese listed companies: A principal–principal perspective, Asia Pacific
Journal of Management 27(3): 523-539.
Cui, L. & Jiang, F. 2012. State ownership effect on firms’ FDI opwnership
decisions under institutional pressure: A study of Chinese
outward-investing firms, Journal of International Business Studies, online
Dunning, J.H., 2006. Comment on ‘dragon multinationals: New players in 21st
century globalization’, Asia Pacific Journal of Management 23, 139-142.
Erramilli, M. K., Agarwal S. & Kim S. 1997. Are Firm-Specific Advantages
Location-Specific Too, Journal of International Business Studies 28(4),
Filatotchev, I., Strange, R., Piesee, J. & Lien, Y.C. 2007. FDI by firms
from newly industrialized economies in
emerging markets: Corporate governance, entry mode and location, Journal of
International Business Studies, 38(4): 556-502.
Gammeltoft, P. 2008. Emerging multinationals: Outward FDI from the BRICS
countries, International Journal of Technology and Globalisation, 4(1):
Gubbi, S.R. Aulakh, P., Ray, S., Sarkar, M.B. & Chitoor, R. 2010. Do
international acquisitions by emerging-economy firms create shareholder
value? The case of Indian firms, Journal of International Business Studies
41, 397–418.
Jormanainen, I. & Koveshnikov, A. 2012. International activities if
emerging market firms: A critical assessment of research in top management
journals, Management International Review, advance online.
Lin, W.-T., & Cheng, K.-Y. 2012. The effect of upper echelons’ compensation
on firm internationalization. Asia Pacific Journal of Management.
Luo Y.D., Xue Q. & Han B. 2010. How emerging market governments promote
outward FDI: Experience from China. Journal of World Business 45(1): 68-79.
Mathews, J. A. 2006. Dragon multinationals: New players in 21st century
globalization. Asia Pacific Journal of Management, 23: 5-27.
Meyer, K.E. & Thaijongrak, O. 2013. The dynamics of emerging economy MNEs:
How the internationalization process model can guide future research, Asia
Pacific Journal of Management, in press.
Morck R., Yeung B. & Zhao M. 2008. Perspectives on China's outward foreign
direct investment. Journal of International Business Studies 39(3): 337-350.
Ramamurti, R. 2012. What is really different about emerging market
multinationals? Global Strategy Journal 2(1): 41-47.
Tan, D. & Meyer, K.E. 2010. Business groups’ outward FDI: A managerial
resources perspective, Journal of International Management, 16(2): 154-164.
Yang, H., Sun, S. L., Lin, Z., & Peng, M. W. 2011. Behind M&As in China and
the United States: Networks, learning, and institutions. Asia Pacific
Journal of Management, 28(2): 239-255.

Bersant Hobdari

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