Purpose

How does emerging market multinational enterprises’ (EM MNEs) resource vulnerability to domestic institutional weakness influence the escapist outward foreign direct investment (OFDI)? This study aims to focus on how varying qualities of technological resources make EM MNEs vulnerable to institutional weakness at home and when such a vulnerability triggers escapist OFDI.

Design/methodology/approach

A mix of primary and secondary data is used to study evidence of escapist OFDI in the case of multilatinas. Structural equation modelling and hierarchical regressions were applied to test the hypotheses.

Findings

Domestic institutional weakness triggers escapist OFDI only when EM MNEs’ resources are vulnerable to institutional pressures. Technological leadership increases the vulnerability of EM MNEs to the pressure of institutional weaknesses at home, which, in turn, motivates escapist OFDI.

Originality/value

In discussing the role of firm resources and their vulnerability to institutional weakness, a mechanism is proposed to shed light on how EM MNEs transform the general country framework of the institutional environment into the specific decision to escape via OFDI.

中文翻译：

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EM-MNEs 摆脱体制弱点：企业资源脆弱性的作用

目的

新兴市场跨国企业 (EM MNEs) 对国内制度弱点的资源脆弱性如何影响逃避现实的对外直接投资 (OFDI)？本研究旨在关注不同质量的技术资源如何使新兴市场跨国企业容易受到国内制度弱点的影响，以及这种脆弱性何时会引发逃避现实的对外直接投资。

设计/方法/方法

主要和次要数据的混合用于研究在多拉丁裔情况下逃避现实的对外直接投资的证据。应用结构方程建模和层次回归来检验假设。

发现

只有当新兴市场跨国企业的资源容易受到制度压力的影响时，国内制度薄弱才会触发逃避现实的对外直接投资。技术领导力增加了新兴市场跨国企业对国内体制弱点压力的脆弱性，这反过来又激发了逃避现实的对外直接投资。

原创性/价值

在讨论企业资源的作用及其对制度弱点的脆弱性时，提出了一种机制来阐明新兴市场跨国企业如何将制度环境的一般国家框架转变为通过对外直接投资逃避的具体决定。