Sequence of value-added activities in the multinationalization of developing country firms
- 作者：Alvaro Cuervo-Cazurra
- 关键词：Sales subsidiaries ; Production subsidiaries ; Multinationalization ; Foreign direct investment ; Developing countries ; Multinational enterprises
- 刊名：Journal of International Management
- 出版年：2007
- 期刊代码：52_10754253
- 类别：bus
- 出版时间：September 2007
- 卷：13
- 期：3
- 页码：258-277
- 文件大小：323 K
摘要
This paper studies the sequence of value-added activities in the multinationalization of firms from developing countries. Analysis of twenty Latin American multinational firms, or Multilatinas, reveals three alternative sequences: start multinationalizing with marketing subsidiaries in all countries, start multinationalizing with production subsidies in all countries, or start multinationalizing with marketing subsidiaries in some countries and production subsidiaries in others. These alternative sequences are explained through the integration and extension of arguments from the incremental model of internationalization and its discussion of difficulties, and the eclectic paradigm of foreign production and its discussion of advantages. I argue that firms that benefit from a location advantage in the country of origin are more likely to start multinationalizing using marketing subsidiaries, firms that benefit from a location advantage in the host country are more likely to start multinationalizing using production subsidiaries, and firms that face difficulties in the transfer of products across countries are more likely to start multinationalizing using production subsidiaries.