Electronic Thesis and Dissertation Repository

Thesis Format

Integrated Article

Degree

Doctor of Philosophy

Program

Business

Supervisor

Schotter, Andreas P. J.

Abstract

This dissertation engages with the ongoing dialogue in the international business (IB) literature on the evolution of emerging-market multinational enterprises (EMNEs). It shows how three different EMNE capabilities – at various stages of evolution – distinctly influence the strategies they adopted during their internationalization. It shows that EMNEs’ relational capabilities are well-developed and are leveraged in their international expansion into other emerging markets; their asset orchestration capabilities are fast evolving but not yet adequate to manage high intensities of cross-border acquisitions; finally, their innovation capabilities are still in their infancy, driving research and development (R&D) internationalization strategies for capability upgrading.

Summary for Lay Audience

This dissertation examines how multinational companies from emerging markets (EMNEs) utilize their existing capabilities and develop new ones as they expand internationally. It identifies three key capabilities at various stages of development that influence their strategies: relational capabilities, asset orchestration capabilities, and innovation capabilities. The dissertation improves understanding of how these three capabilities shape EMNEs' internationalization strategies.

Available for download on Wednesday, December 31, 2025

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