*Apologies fro cross-posting*

*International Journal of Emerging Markets*

Call for Papers for Special Issue on

New Wine in Old Bottles? The Role of Emerging Markets Multinationals in
advancing IB Theory and Research.

*Special Issue Editors:*

Bersant Hobdari (Copenhagen Business School)

Lourdes Casanova (Cornell University)

Peter Hertenstein (University of Cambridge)

In many respects, multinationals are a defining invention of Western
economies. But like much else, they are no longer the preserve of the West.
The emerging economies are producing business giants of their own at a
staggering rate. While these businesses share the scale and ambition of
their developed-world counterparts, their processes and patterns of growth
are often dissimilar to those of their competitors in the developed world.
They are success stories that are changing the narrative rules as they go

As emerging market countries gain in stature, their companies are taking
center stage. Emerging market companies accounted for over 40 percent of
world exports and around a quarter of outward foreign direct investment
investments flows (UNCTAD, 2012; Contractor, 2013). These emerging market
companies will continue to be critical competitors in their home markets
while increasingly making outbound investments into other emerging and
developed economies. Working to serve customers of limited means, the
emerging market leaders often produce innovative designs that reduce
manufacturing costs and sometimes disrupt entire industries.

The state of the literature is divided in between those who claim that
emerging market multinationals are similar to their Western counterparts
and those who claim that these multinationals are a new phenomenon
requiring new theories and frameworks. Arguments in support of new
theoretical models in which EMNEs can contribute to IB theory can be
divided into two streams. Ramamurti (2009), on the one side of the argument
stresses the role of country of origin and other contextual factors in
shaping emerging market multinationals internationalization strategies. In
this respect, there is a need for empirically grounded research to discover
ownership-specific advantages of emerging market multinationals, which
either help or hinder internationalization process (Ramamurti, 2012). On
the other side of the debate, others, like Dunning, Kim, and Park (2008)
and Williamson and Zeng (2009), give reasons to believe that emerging
market multinationals do not behave differently because of their origin,
but because of fundamental changes in the world economy. As a consequence,
emerging market multinationals would act similar to young multinationals
from developed countries. In between these opposing views, Cuervo-Cazurra
(2012) argues that the behavior of emerging market multinationals can be
explained by extending and modifying the existing models rather than
building new ones. Gammeltoft et. al. (2010) stress the role of macro and
micro perspectives when analyzing the dynamics of emerging market

Consequently, we are soliciting empirical and theoretical work addressing
these complex relationships between various forms of contextual
heterogeneities and emerging market multinationals. 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:

·      Are emerging market multinationals different from similar-aged
developing market multinationals?

·      Does the change in global economic conditions call for a radical
change in the behavior of multinationals?

·      What opportunities do fine sliced global value chains open for entry
and upgrading of emerging market multinationals in the global economy?

·      Can emerging market multinationals help broaden the concept of
ownership advantages beyond the traditional definition including technology
and brand value?

·      Does availability of finance and existence of internal capital
markets shape the response of emerging market multinationals to the
financial crisis?

·      Do emerging market multinationals use CRS and sustainability
initiatives as sources competitive advantage?

·      Are there contextual elements that make emerging market
multinationals truly unique?

·      How does corporate governance affect internationalization strategies
of emerging market multinationals?

·      What are the dynamics of the interrelationship between institutional
change and corporate strategy?

·      Do emerging market multinationals possess institutional capabilities
that can be transferred across borders?

*Deadlines, Submission Guidelines and Co-Editor Information*

Submissions to the Special Issue must be submitted through the IJoEM
website. The deadline for submissions is *March 1, 2016*. For general
submission guidelines, see
. *No late submissions will be accepted*. 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.

Papers will be blind peer-reviewed. We will make initial editorial
decisions by June, 2016. Authors invited to revise and resubmit their work
will be invited to present the papers at the *IJoEM *special issue workshop
to be held at the 5th conference on “Emerging Economy Multinationals” at
Copenhagen Business School in Copenhagen, Denmark during September/October

The papers accepted and presented at the workshop will be considered for
publication in a special issue of the *IJoEM*. 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 template 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] <[log in to unmask]>*.

*Indicative Contemporary Literature*

Aharoni, Y. 2014. "To understand EMNEs a dynamic IB contingency theory is
called for." *International Journal of Emerging Markets* 9(3): 377 – 385.

Buckley, P. J. 2014. “Forty years of internationalisation theory and the
multinational enterprise.” *Multinational Business Review* 22 (3): 227-245.

Contractor, F. J. 2013. “Punching above their weight.” *International
Journal of Emerging Market* 8(4): 304-328.

Cuervo-Cazurra A. and Genc M. 2008. “Transforming disadvantages into
advantages: developing country MNEs in the least developed countries.” *Journal
of International Business* *Studies *39: 957–979.

Cuervo-Cazurra A. 2012. “Extending theory by analyzing developing country
multinational companies: Solving the Goldilocks debate.”* Global Strategy
Journal* 2: 153-147.

Cuervo-Cazurra A. and Ramamurti, R. (eds). 2014. Understanding
multinaitonals from emerging markets. Cambridge University Press,
Cambridge, U.K.

Dunning J. H., Kim C., and Park D. 2008 , “Old wine in new bottles: a
comparison of emerging-market TNCs today and developed-country TNCs thirty
years ago”, in *The Rise of Transnational Corporations from Emerging
Markets: Threat or Opportunity?*, Sauvant K. (ed), Edward Elgar:
Northampton, MA.

Gammeltoft, P., J.P. Pradhan and A. Goldstein (2010), ‘Emerging
multinationals: home and host country determinants and outcomes’,
Journal of Emerging Markets*, 5(3/4): 254-265.

Gammeltoft, P., H. Barnard and A. Madhok (2010), ‘Emerging Multinationals,
Emerging Theory: Macro- and Micro-Level Perspectives’, *Journal of
International Management*, 16(2): 95-101.

Gammeltoft, Peter, Filatotchev, Igor and Hobdari, Bersant. 2012. “Emerging
Multinational Companies and Strategic Fit: A Contingency Framework and
Future Research Agenda.” European Management Journal, 30(3): 175-188.

Narula, Rajneesh, (2012). Do we need different frameworks to explain infant
MNEs from developing countries? *Global Strategy Journal* 2(3), 188-204.

Ramamurti, R. 2012. “What is really different about emerging market
multinationals?” *Global Strategy Journal* 2: 41-47.

Ramamurti, R. 2009. “What have we learned about emerging-market MNEs?”
In *Emerging
Multinationals in* *Emerging Markets*, Ramamurti R, Singh JV (eds).
Cambridge University Press, Cambridge, U.K.: 399–426.

UNCTAD. 2012. *World Investment Report 2012: **Towards a New Generation of
Investment Policies. *United Nations Conference on Trade and Development;
Geneva, Switzerland.

Williamson P and Zeng M. 2009, “Chinese multinationals: emerging through
new global gateways”, in *Emerging Multinationals in Emerging Markets*,
Ramamurti R. and Singh J. (eds), Cambridge University Press: Cambridge, U.K.

Best regards,
Bersant Hobdari

AIB-L is brought to you by the Academy of International Business.
For information:
To post message: [log in to unmask]
For assistance:  [log in to unmask]
AIB-L is a moderated list.