The Role of the State in Explaining the Internationalization of Emerging Market Enterprises
研究了新兴市场企业如何利用母国制度优势（尤其是国家所有权）实现海外扩张，并分析了企业自身资源、地区市场导向和行业政策的影响。
While the competitive advantages of firms from developed economies are well understood, knowledge of the advantages that enable emerging market enterprises ( EMEs ) to expand overseas remains limited. Our analysis goes beyond theorizing that focuses on firm resources, enhancing the understanding of how EMEs expand abroad by internalizing home‐country institutional advantages that extend beyond the firm boundaries. More specifically, we examine how the state and institutional idiosyncrasies in the home country help EMEs internationalize. We demonstrate that state ownership has a strong independent effect on the international expansion of EMEs . This effect, however, is contingent upon firms' own resources and other location‐ and industry‐specific forces pertaining to the market orientation of each subnational region and the institutional policies within a given industry.