The Oxford Handbook of Management in Emerging Markets

Edited by Dr. Robert Grosse and Dr. Klaus E. Meyer

Oxford Handbooks

First comprehensive resource offering managerial guidance to international business in and from emerging markets.
Knowledge of emerging markets is a requisite for conducting international business successfully today, making this a vital resource.
Thirty Four essays that explores latest research on successful management practices in countries rangeing from China and India to Russia, Brazil, and South Africa.
Contributors to the volume represent the top scholars in the field and come from East Asia, South Asia, Latin America, North America, and Europe.

The Oxford Handbook of Management in Emerging Markets

Edited by Dr. Robert Grosse and Dr. Klaus E. Meyer

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.

The Oxford Handbook of Management in Emerging Markets

Edited by Dr. Robert Grosse and Dr. Klaus E. Meyer

Oxford Handbooks

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

The Oxford Handbook of Management in Emerging Markets

Edited by Dr. Robert Grosse and Dr. Klaus E. Meyer

Oxford Handbooks

Author Information

Robert Grosse is Director for Latin America at the Thunderbird School of Global Management. He has lived and worked in four emerging markets on three continents over 20 years. He writes mainly about multinational companies' strategy and dealing with governments, particularly in emerging markets.

Klaus E. Meyer is Professor of International Business at the Ivey Business School, Canada. He recently spent six years at China Europe International Business School and previously held professorial appointments at Copenhagen Business School, University of Bath, and University of Reading. His research specializes on the interface of international business and emerging markets, and has been widely published in the Journal of International Business Studies, Strategic Management Journal, Journal of Management Studies, among others.

Contributors:

Ruth V. Aguilera, Northeastern University
Preet S. Aulakh, York University
Helena Barnard, University of Pretoria
Rodrigo Basco, American University of Sharjah
Sumon Kumar Bhaumik, Sheffield University
Jorge Carneiro, FGV São Paulo
Raquel Castaño, EGADE Business School
John Child, University of Birmingham & University of Plymouth
Chi-Nien Chung, National University of Singapore
Farok Contractor, Rutgers University
Lin Cui, Australian National University
Krzysztof Dembek, University of Melbourne
Nigel Driffield, Warwick University
Saul Estrin, London School of Economics
David Flores, Tecnológico de Monterrey
Robert Grosse, Thunderbird School of Global Management
Ilir Haxhi, University of Amsterdam
Emir Hrnjic, National University of Singapore
Geoffrey Jones, Harvard University
Kálmán Kalotay, United Nations
Stephen J. Kobrin, University of Pennsylvania
Tatiana Kostova, University of South Carolina
Sergio G. Lazzarini, Insper
Donald Lessard, Massachusetts Institute of Technology
Jing Li, Simon Fraser University
J.T. Li, Hong Kong University of Science and Technology
John M. Luiz, University of Sussex & University of Cape Town
Rose Xiaowei Luo, INSEAD
Valentina Marano, Northeastern University
Ruth C. May, University of Dallas
Daniel J. McCarthy, Northeastern University
Klaus E. Meyer, Ivey Business School
Tomasz Mickiewicz, Aston University
Dana Minbaeva, Copenhagen Business School
Felipe Monteiro, INSEAD
Aldo Musacchio, Brandeis University
Theresa Onaji-Benson, University of Pretoria
Jaykumar Padmanabhan, Indian Institute of Management, Bangalore
Andrei Panibratov, St. Petersburg University
Shameeen Prashantham, CEIBS
Sheila M. Puffer, Northeastern University
S Raghunath, Indian Institute of Management, Bangalore
David M. Reeb, National University of Singapore
Magdolna Sass, Hungarian Academy of Sciences
Karl P. Sauvant, Columbia University.
Daniel Shapiro, Simon Fraser University
Galina V. Shirokova, St. Petersburg University
Nagaraj Sivasubramaniam, Duquesne University
Meng Song, Cardiff University
Ute Stephan, Aston University
Pei Sun, Fudan University
Priit Vahter, University of Tartu
Feng Wan, Unversity of East Anglia
Florian Wettstein, University of St.Gallen
Peter J. Williamson, INSEAD
Michael A. Witt, INSEAD
Mike Wright, Imperial College, London
Zhenzhen Xie, Tsinghua University
Bernard Yeung, National University of Singapore
George S. Yip, Erasmus University.