Special Issue: International Business Review
Competitive Dynamics and Co-evolution of MNCs and Local Rivals in Emerging Markets
http://www.journals.elsevier.com/international-business-review/call-for-papers/competitive-dynamics-and-co-evolution-of-mncs-and-local
Guest Editors:
Vikas Kumar, U of Sydney Business School
Wu Zhan, U of Sydney Business School
Ajai Gaur, Rutgers Business School
Yadong Luo (Consulting Editor), U of Miami School of Business
The topic on multinational corporations (MNCs) and local rivals in emerging markets has attracted strong interests from both academia and industry. Scholarly work in this domain is predominantly focused on either MNCs or local rivals, in isolation of each other. A case in point is the rapidly growing body of research on emerging market MNCs, which have often been studied in isolation of the developed market MNCs that operate in emerging economies. With a few exceptions, (e.g., Mutlu et al., 2015), literature has not paid adequate attention to the competitive dynamics between MNCs and local rivals and the consequent co-evolution of these organizations.
Emerging economies have been undergoing fundamental changes in the macroeconomic environment and the institutions underlying the business activities. The institutional transition coupled with the threat of competition by MNCs has compelled many local incumbents to undertake organizational and strategic transformation (Newman, 2000). These changes have resulted in a new breed of emerging market MNCs, which often compete with the developed market MNCs not only in the home markets, but also in the host markets (Luo & Tung, 2007; Gaur & Delios, 2015; Gaur, Kumar & Singh, 2014). Developed market MNCs have also been going through a transformation process in response to the institutional transition in emerging markets and the corresponding transformation of the local incumbents (Luo, 2007). Developed market MNCs have adopted such strategies as reverse innovation, increased localization, competence renewal, and learning and cooperation with local incumbents. Some scholars (e.g., Luo, 2007) have described the transformation of MNCs as "from foreign investor to strategic insider".
Yet, prior research does not provide sufficient understanding into such competitive dynamics unfolding between developed market MNCs and local incumbents. Given the lack of studies on this competitive dynamics from an interactive, evolutionary, and longitudinal perspective, there is a need of focused scholarly attention to this topic.
This special issue of International Business Review aims to encourage research that can deepen our understanding of competitive dynamics and the resulting co-evolution of MNCs and local rivals in emerging economies. Scholars are encouraged to develop provocative pieces using multiple approaches that make a meaningful theoretical and/or empirical contribution to the topic. We also welcome papers that facilitate the development of agendas for further research on the important yet under-researched topics. We welcome theoretical, conceptual, and empirical contributions focused on the research issues (not limited to them) as below. In terms of methodology, we take a broad approach and welcome both quantitative studies as well as qualitative studies.
Some research issues as below:
Theory development on competitive dynamics and co-evolution in the context of MNCs versus local incumbents in emerging economies
The organizational capabilities that facilitate the mutual transformation of MNCs and local rivals
Mutual organizational learning between MNCs and local rivals and the implications of such learning for competitive dynamics and mutual transformation
Competitive advantages and disadvantages of MNCs and local rivals: which competitive advantages could (not) be enhanced and which competitive disadvantages could (not) be minimized
Business model innovation of MNCs and local rivals in emerging economics
Contextual factors (e.g., institutional factors and industry factors) that trigger, facilitate, and inhibit the competitive dynamics and mutual transformation
Catch-up and leapfrog strategies of local incumbents and the responses of MNCs
Renewal and transformation strategies of MNCs and the responses of local rivals
Competition and cooperation between MNCs and local incumbents and spillover effects of the same
Organizational ambidexterity (e.g., use of market and nonmarket strategy) of MNCs and local rivals in the competitive dynamics and mutual transformation
Low cost and reverse innovation, base of pyramid strategy, etc. that could impact the competitive dynamics of MNCs and local rivals in emerging economics
The likely winners of the competitive dynamics and the boundary conditions of the same.
Submission Guidelines:
31st January, 2017: Submission deadline for SI
Submitted papers should follow the submission guideline of International Business Review.
http://www.journals.elsevier.com/international-business-review/
Please submit your papers electronically using the online submission system for IBR:
https://www.evise.com/profile/#/IBR/login
References
Gaur, A. S. & Delios, A. 2015. International diversification of emerging market firms: The role of ownership structure and group affiliation. Management International Review, 55(2): 235-253.
Gaur A. S., Kumar, V. & Singh, D. A. (equal authorship) 2014. Resources, institutions and internationalization process of emerging economy firms. Journal of World Business, 49: 12-20.
Luo, Y. 2007. From foreign investors to strategic insiders: Shifting parameters, prescriptions and paradigms for MNCs in China. Journal of World Business, 42: 14-34.
Luo, Y., & Tung, R. 2007. International expansion of emerging market enterprises: A springboard perspective. Journal of International Business Studies, 38: 481-498.
Newman, K. 2000. Organizational transformation during institutional upheaval. Academy of Management Review, 25: 602-619.
Mutlu, C., Zhan, W., Peng, M., & Lin, J. 2015. Competing in (and out of) transition economics. Asia Pacific Journal of Management, 32: 571-596.
VIKAS KUMAR | Associate Professor
Chair, Discipline of International Business
Reviewing Editor, Asia Pacific Journal of Management
Director, Emerging Market Internationalization Research Group (EMIRG)
THE UNIVERSITY OF SYDNEY BUSINESS SCHOOL
Rm 4137, Abercrombie Building H70 | The University of Sydney | NSW | 2006 | Australia
T +61 2 9351 6438 | F +61 2 9036 5378 | Twitter @kvikas21 | Skype kvikas21
E vikas.kumar@sydney.edu.au | W www.vikaskumar.net |
http://sydney.edu.au/business/staff/vikask
Become involved with EMIRG:
http://sydney.edu.au/business/research/emirg
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