Arbeitspapier

Investing abroad from the bottom of the productivity ladder: BRICS multinationals in Europe

This paper analyses differences in total factor productivity and other competitiveness indicators of emerging multinationals (EMNEs) from Brazil, Russia, India, China and South Africa (BRICS) against their counterparts from developed countries and domestic MNEs. The current literature suggests that early internationalisation strategies by EMNEs are characterised by a lack of experience in diverse economic and cultural contexts and are explicitly driven by asset-exploration strategies. If true, this should translate into significant differences in performance, especially when they invest in developed countries. Based on a large database on foreign affiliates in Europe, results find EMNEs at the bottom of the productivity ladder, with a productivity gap around 20-30 percentage points compared to more established competitors. Moreover, the paper points to high heterogeneity among EMNEs that affects their relative performance according to their current levels of productivity or to differences in their sectorial and geographic patterns.

ISBN
978-952-6699-41-7
Sprache
Englisch

Erschienen in
Series: BOFIT Discussion Papers ; No. 26/2013

Klassifikation
Wirtschaft
International Investment; Long-term Capital Movements
Multinational Firms; International Business
Thema
emerging market multinationals
total factor productivity
foreign direct in-vestment

Ereignis
Geistige Schöpfung
(wer)
Sanfilippo, Marco
Ereignis
Veröffentlichung
(wer)
Bank of Finland, Institute for Economies in Transition (BOFIT)
(wo)
Helsinki
(wann)
2013

Handle
Letzte Aktualisierung
10.03.2025, 11:42 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Sanfilippo, Marco
  • Bank of Finland, Institute for Economies in Transition (BOFIT)

Entstanden

  • 2013

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