The Oxford Handbook of Management in Emerging Markets

Description

For nearly two decades, emerging markets have been a primary source of growth in the world economy. They have become more international and compete more extensively with companies in developed countries. For these reasons, an understanding of managing businesses in emerging markets is a fundamental skill for competing in the twenty-first century. The Oxford Handbook of Management in Emerging Markets identifies key elements of the business systems and competition in emerging markets around the world, and then looks at competitive strategies of companies going into and coming out of these countries. While business is business, the handbook's focus is on how management differs depending on the different environmental characteristics in emerging markets, such as the role of the government, the potential weakness of infrastructure, and the skill and innovation bases available locally in emerging markets, among other elements.

The volume is organized into five sections. The first section establishes conceptual perspectives for exploring the current business environment in emerging markets. The second section focuses on questions surrounding governance and markets. The third explores multinational enterprises (MNEs) in emerging economies, while the fourth section looks at local firms and emerging market MNEs. The fifth and final section looks at management in emerging markets within specific countries and regions around the world.

This handbook is a vital resource for scholars, students, and managers looking to expand into emerging economies by providing comprehensive analyses of functional areas from human resources to finance to marketing, and on issues such as family businesses, state-owned enterprises, and the bottom of the pyramid.

About the Editor

Contributors:

Table of contents

Part I The Business Environment in Emerging Markets
1. Introduction to Managing in Emerging Markets
Klaus E. Meyer and Robert Grosse
2. Conceptual Approaches to Managing in Emerging Markets
Robert Grosse and Klaus E. Meyer
3. International Business and Emerging Markets in Historical Perspective
Geoffrey Jones
4. Economics, Transitions, and Traps in Emerging Markets
John M. Luiz
5. Institutional Theory Perspectives on Emerging Markets
Tatiana Kostova and Valentina Marano
6. Emerging Markets and the International Investment Law and Policy Regime
Karl P. Sauvant
Part II Markets and Governance
7. Financial Decisions, Behavioral Biases, and Governance in Emerging Markets
Emir Hrnjic, David M. Reeb, and Bernard Yeung
8. Corporate Governance in Emerging Markets
Ruth V. Aguilera and Ilir Haxhi
9. Consumer Behavior in Emerging Markets
Raquel Castaño and David Flores
10. Examining Base of the Pyramid (BoP) Venture Success through the Mutual Value CARD Approach
Krzysztof Dembek and Nagaraj Sivasubramaniam
11. Regulatory Institutions and Multinational Companies in Emerging Markets
Farok Contractor
12. Corporate Political Ties in Emerging Markets
Pei Sun
Part III Foreign MNEs in Emerging Markets
13. Adjustment of MNE Geographic Market Strategy in Responding to the Rise of Local Competitors in an Emerging Market
J.T. Li and Zhenzhen Xie
14. Global Production Networks, Territoriality, and Political Authority
Stephen J. Kobrin
15. Innovation in Emerging Markets
George S. Yip and Shameeen Prashantham
16. Human Rights, Emerging Markets, and International Business
Florian Wettstein
17. Spillovers from FDI in Emerging Market Economies
Sumon Kumar Bhaumik, Nigel Driffield, Meng Song, and Priit Vahter
18. Risk Management for Companies Operating in Emerging Markets
Donald Lessard
Part IV Local Firms and Emerging Market MNEs
19. Entrepreneurship in Emerging Markets
Saul Estrin, Tomasz Mickiewicz, Ute Stephan, and Mike Wright
20. Innovation and Internationalization of SMEs in Emerging Markets
John Child
21. Family Business in Emerging Markets
Rodrigo Basco
22. The Economic and Sociological Approaches to Research on Business Groups in Emerging Markets
Chi-Nien Chung and Rose Xiaowei Luo
23. State-Owned Multinationals in International Competition
Aldo Musacchio, Felipe Monteiro, and Sergio G. Lazzarini
24. Local Firms within Global Value Chains: From Local Assembler to Value Partner
Shameeen Prashantham and George S. Yip
25. Emerging Market Multinationals in Advanced Economies
Lin Cui and Preet S. Aulakh
26. Investments by Emerging-Market Multinationals in Other Emerging Markets
Jing Li and Daniel Shapiro
27. Human Resource Management in Emerging Markets
Dana Minbaeva
Part V Managing in Emerging Markets: Countries and Regions
28. Managing Multinationals in Brazil: Opportunities and Challenges
Jorge Carneiro
29. Managing Emerging Markets in Russia
Sheila M. Puffer, Daniel J. McCarthy, Ruth C. May, Galina V. Shirokova, and Andrei Panibratov
30. How Technology Based Firms from India Deal with Legitimacy Challenges in International Markets
S Raghunath and Jaykumar Padmanabhan
31. How Real are the Opportunities for Multinationals in China?
Peter J. Williamson and Feng Wan
32. Managing in Emerging Markets in Central and Eastern Europe
Kálmán Kalotay and Magdolna Sass
33. Operating across Levels in the Global Economic Hierarchy: Insights from South Africa's Setting in Wider Africa and the World
Helena Barnard and Theresa Onaji-Benson
34. Management in Southeast Asia: A Business Systems Perspective
Michael A. Witt