{"title":"新兴经济体跨国企业的区位战略","authors":"Lin Li , Le Du","doi":"10.1016/j.iref.2025.104121","DOIUrl":null,"url":null,"abstract":"<div><div>This study investigates how state ownership, institutional diversity across subnational regions, and institutional instability shape the location strategies of emerging economy multinationals (EMNEs). The results show that state ownership significantly promotes EMNEs' foreign direct investments (FDIs) in non-home regions and developed countries. Furthermore, EMNEs originating from less institutionally developed regions exhibit a stronger preference for FDIs outside their home regions. While EMNEs often exhibit path dependence in their location choices, this effect diminishes in more dynamic institutional environments. These findings contribute to a better understanding of EMNEs' strategic decision-making processes and highlight the importance of considering institutional factors in internationalization strategies.</div></div>","PeriodicalId":14444,"journal":{"name":"International Review of Economics & Finance","volume":"101 ","pages":"Article 104121"},"PeriodicalIF":4.8000,"publicationDate":"2025-05-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Location strategy of emerging economy multinational enterprise\",\"authors\":\"Lin Li , Le Du\",\"doi\":\"10.1016/j.iref.2025.104121\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><div>This study investigates how state ownership, institutional diversity across subnational regions, and institutional instability shape the location strategies of emerging economy multinationals (EMNEs). The results show that state ownership significantly promotes EMNEs' foreign direct investments (FDIs) in non-home regions and developed countries. Furthermore, EMNEs originating from less institutionally developed regions exhibit a stronger preference for FDIs outside their home regions. While EMNEs often exhibit path dependence in their location choices, this effect diminishes in more dynamic institutional environments. These findings contribute to a better understanding of EMNEs' strategic decision-making processes and highlight the importance of considering institutional factors in internationalization strategies.</div></div>\",\"PeriodicalId\":14444,\"journal\":{\"name\":\"International Review of Economics & Finance\",\"volume\":\"101 \",\"pages\":\"Article 104121\"},\"PeriodicalIF\":4.8000,\"publicationDate\":\"2025-05-05\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"International Review of Economics & Finance\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S1059056025002849\",\"RegionNum\":2,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"BUSINESS, FINANCE\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Review of Economics & Finance","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1059056025002849","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
Location strategy of emerging economy multinational enterprise
This study investigates how state ownership, institutional diversity across subnational regions, and institutional instability shape the location strategies of emerging economy multinationals (EMNEs). The results show that state ownership significantly promotes EMNEs' foreign direct investments (FDIs) in non-home regions and developed countries. Furthermore, EMNEs originating from less institutionally developed regions exhibit a stronger preference for FDIs outside their home regions. While EMNEs often exhibit path dependence in their location choices, this effect diminishes in more dynamic institutional environments. These findings contribute to a better understanding of EMNEs' strategic decision-making processes and highlight the importance of considering institutional factors in internationalization strategies.
期刊介绍:
The International Review of Economics & Finance (IREF) is a scholarly journal devoted to the publication of high quality theoretical and empirical articles in all areas of international economics, macroeconomics and financial economics. Contributions that facilitate the communications between the real and the financial sectors of the economy are of particular interest.