The turtle-hare race story revisited: Social capital and resource accumulation for firms from emerging economies

Lei Li, Zhiang Lin, Bindu Arya

Research output: Journal PublicationArticlepeer-review

24 Citations (Scopus)

Abstract

How can firms from emerging economies, given their internal resource constraints, compete effectively with established multinational enterprises (MNEs) in home markets and gain capabilities for international expansion? We develop an integrative view of resources by incorporating network-based social capital theories and articulate that the depth and nature of emerging economy firms' external social capital determine the direction and magnitude of resource exchanges with their business partners, and thus their effectiveness in accumulating critical internal resources. Throughout the development of our theoretical framework, we have also relied on empirical evidences from various business sources, including the cases on Lenovo and Shanghai Automotive Industry Corporation (SAIC). We conclude with scholarly and practical implications and future research avenues.

Original languageEnglish
Pages (from-to)251-275
Number of pages25
JournalAsia Pacific Journal of Management
Volume25
Issue number2
DOIs
Publication statusPublished - Jun 2008
Externally publishedYes

Keywords

  • Emerging economies
  • Relational embeddedness
  • Resource accumulation
  • Social capital
  • Structural embeddedness

ASJC Scopus subject areas

  • Business and International Management
  • Economics, Econometrics and Finance (miscellaneous)
  • Strategy and Management

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