TY  - JOUR
AB  - Purpose This paper aims to conduct a theoretical enquiry into the questions as to whether emerging country multinationals’ competitiveness derives from country-specific advantage (CSA) or firm-specific advantages (FSA). The case of China is also examined.Design/methodology/approach CSAs and FSAs are examined both in theory and in the specific case of China as explicators of outward foreign direct investment from emerging countries.Findings FSAs and CSAs are found to be imprecise explanatory mechanisms to explain the competitiveness of emerging country multinationals. The examination of imperfections in emerging markets and in global markets and the internalisation responses of firms in different contexts is found to be a superior explanation of the financial flows classified as “outward direct investment”.Originality/value Internalisation theory requires a focus on mechanisms to convert home country attributes into competitive advantages and suggests that FSAs are context dependent, ephemeral and subject to negation by the competitive actions of rival firms.
VL  - 27
IS  - 3
SN  - 1059-5422
DO  - 10.1108/CR-03-2016-0017
UR  - https://doi.org/10.1108/CR-03-2016-0017
AU  - Buckley Peter J.
PY  - 2017
Y1  - 2017/01/01
TI  - The competitiveness of emerging country multinational enterprise: Does it derive from CSAs or FSAs?
T2  - Competitiveness Review: An International Business Journal
PB  - Emerald Publishing Limited
SP  - 208
EP  - 216
Y2  - 2024/04/23
ER  -