Special Issue "Internationalization of Emerging Market Multinational Enterprises in a Volatile Environment"

A special issue of Journal of Risk and Financial Management (ISSN 1911-8074). This special issue belongs to the section "Business and Entrepreneurship".

Deadline for manuscript submissions: 31 May 2022.

Special Issue Editors

Dr. Yi Li
E-Mail Website
Guest Editor
Discipline of International Business, Emerging Market Internationalization Research Group (EMIRG), The University of Sydney Business School, Darlington, NSW 2006, Australia
Interests: internationalization of firms in emerging economy; institutional approaches of business strategy; dynamic evolution of control in international joint ventures; innovation in emerging high-technology industry; risk of international business strategy
Dr. Yifan Zhong
E-Mail Website
Guest Editor
School of Management and Marketing, Curtin University, Bentley, WA, 6102, Australia
Interests: international business; human resource management; innovation and technology management
Dr. Xuefeng Shao
E-Mail Website
Guest Editor
Newcastle Business School, University of Newcastle, Newcastle, NSW 2300, Australia
Interests: strategic digitalization; risk management in globalized economy
Prof. Dr. Xiao-Guang Yue
E-Mail Website
Guest Editor
Department of Computer Science and Engineering, School of Sciences, European University Cyprus (EUC), Nicosia 1516, Cyprus
Interests: intelligent information processing; risk management
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Special Issue Information

Dear Colleagues,

Emerging market multinational enterprises (EMNEs) have become important players in international business, and their internationalizations have contributed a significant amount of foreign direct investments (FDIs) to the global economy. However, the ongoing trade war between the world’s two largest economies—the United States and China—has been challenging for EMNEs since 2018. The spread of COVID-19 has further impeded international business operations. It is critical for researchers to understand the impact of this volatile environment on the internationalizations of EMNEs.

Compared to multinational enterprises from developed economies, EMNEs tend to have different strategic goals and circumstances in their internationalizations. Conventional business practices based on networks and knowledge to achieve international success might not apply to EMNEs’ FDIs in a turbulent global environment. Although EMNEs tend to adopt aggressive strategies due to their apparent tolerance for host country institutional risk, limited existing literature links strategies to distinctive risk management in a volatile environment.

This Special Issue focuses on the broad topic of “Internationalization of Emerging Market Multinational Enterprises in a Volatile Environment” and aims to include novel research on EMNEs, FDIs, host country institutional risk, internationalization, risk management, risk tolerance, strategic configuration, and volatile environments.

Dr. Yi Li
Dr. Yifan Zhong
Dr. Xuefeng Shao
Prof. Dr. Xiao-Guang Yue
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All papers will be peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Journal of Risk and Financial Management is an international peer-reviewed open access monthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1200 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • Emerging market multinational enterprise
  • Foreign direct investment
  • Host country institutional risk
  • Internationalization
  • Risk management
  • Risk tolerance
  • Strategic configuration
  • Volatile environment

Published Papers (2 papers)

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Research

Article
A Systems Perspective in Examining Industry Clusters: Case Studies of Clusters in Russia and India
J. Risk Financial Manag. 2021, 14(8), 367; https://doi.org/10.3390/jrfm14080367 - 10 Aug 2021
Viewed by 237
Abstract
This article explores an examination of industry clusters from a systems perspective. We analyze Russia’s pharmaceutical clusters and India’s automobile clusters in terms of the systems concepts of holism, emergence, and open systems. We further consider the aspects of human capital investment and [...] Read more.
This article explores an examination of industry clusters from a systems perspective. We analyze Russia’s pharmaceutical clusters and India’s automobile clusters in terms of the systems concepts of holism, emergence, and open systems. We further consider the aspects of human capital investment and the availability of professional labor, infrastructure, private–public sector collaboration, support for funding and commercialization, as well as innovation corporate culture, when examining the institutional pillars supporting the development and growth of industry clusters within the national innovation ecosystems. The findings illustrate how industry clusters can be viewed from a systems perspective. We also highlight how the institutional pillars underpinning national innovation ecosystems can be applied to an industry cluster level, particularly in emerging countries. The article provides implications for theory and practice in the application of a systems perspective as a way to foster industry cluster innovation and promote a more effective national innovation ecosystem. Full article
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Article
Expatriate Management of Emerging Market Multinational Enterprises: A Multiple Case Study Approach
J. Risk Financial Manag. 2021, 14(6), 252; https://doi.org/10.3390/jrfm14060252 - 07 Jun 2021
Viewed by 655
Abstract
Expatriate management has evolved through the practices of developed economy multinational enterprises (DMNEs), with the aim of improving expatriate adaptability, cross-cultural adjustment, and performance. However, most of these studies focus on expatriates from developed countries and try to help DMNEs instead of emerging [...] Read more.
Expatriate management has evolved through the practices of developed economy multinational enterprises (DMNEs), with the aim of improving expatriate adaptability, cross-cultural adjustment, and performance. However, most of these studies focus on expatriates from developed countries and try to help DMNEs instead of emerging market MNEs (EMNEs). In a turbulent global economy, how EMNEs manage their expatriates when conducting business through their outward foreign direct investment (FDI) is understudied. This empirical study aims to address this research gap by utilising a qualitative approach and a multiple case study. It has conducted semi-structured interviews with expatriates, executives, and middle managers of Chinese MNEs in 2014. It contributes as one of the few to systematically examine expatriate related issues in the context of EMNEs with first-hand empirical evidence. The findings show that EMNEs are leapfrogging with their internationalisation and hence their expatriate policies are often ad hoc without systematic planning. Moreover, this study has contributed to practice, especially to EMNEs, regarding the way they need to improve their expatriate policies and practices. Full article
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