ABSTRACT

This book makes a timely and highly stimulating contribution to the discourse on emerging-market multinationals, (EMNCs), as Foreign Direct Investment (FDI) in Europe from emerging countries (especially from the BRICs - Brazil, Russia, India, China) continues to grow in significance. Unsurprisingly, the emergence of EMNCs from emerging economies raises a wide range of challenges and opportunities for scholars, business professionals, and policymakers alike.

While explaining the sudden rise of these companies has become a major concern among scholars, we have very limited knowledge on drivers, motivations, strategies, and impact of these EMNCs in Europe and their policy implications. This volume provides fresh insights into EMNCs activities and their impact in Europe. The contributors argue that EMNCs combine various country specific advantages, existing firm-specific advantages (exploitation), and/or new FSAs (exploration) in their FDI, and that there is considerable heterogeneity across EMNCs, even those from the same southern economy.

Highlighting the importance of considering this divergent behaviour when implementing future European FDI policies, this book will be of interest to students and scholars of European Politics, International Political Economy, International Business and European Integration.

part I|7 pages

Introduction

part II|41 pages

Characterizing and quantifying EMCs in Europe

chapter 2|26 pages

Southern multinationals in Europe

An overview

chapter 3|13 pages

Tracing emerging market MNEs and FDI in European countries

Data coverage, deficiencies and implications

part III|62 pages

Drivers, motivations and strategies of emerging country multinationals

chapter 5|14 pages

M&A by EMNCs in developed countries

Motivation, success and implications

chapter 6|16 pages

Emerging multinational companies from Russia

Drivers, motivations and strategies

chapter 7|18 pages

Turkish EMNCs with foreign direct investments in the EU

Their motivations, degree of internationalization and company performances

part IV|70 pages

Country-specific EMCs in Europe

chapter 8|14 pages

Chinese investors in Europe

Some idiosyncrasies

chapter 9|28 pages

Greenfield investments and acquisitions of Turkish multinationals

Trends, motivations and strategies

chapter 10|13 pages

Indian firms in Europe

Main characteristics, competitive advantages and strategies

chapter 11|13 pages

Collaborative innovation within Chinese MNCs' international networks

The role of cultural and institutional distances

part VI|9 pages

Conclusion

chapter 16|7 pages

Emerging multinationals in Europe

What have we learnt?