10 Questions
What impact does corruption have on DMNC's philanthropy and engagement with governments?
Reduces philanthropy and engagement
How do DMNEs focus on CSR and ethical issues according to the text?
More focus on CSR and ethical issues
What is a characteristic of Emerging Markets (EM) according to the text?
Inefficient institutions that reduce information asymmetry
How do institutional voids in EM affect markets according to Khanna & Palepu (1997)?
Increase transaction costs and opportunism
What are the three types of institutional strategies mentioned by Marquis & Raynard (2015)?
Relational, infrastructure-building, socio-cultural bridging
How can DMNEs 're-invent' their strategy according to the text?
Co-invent custom solutions, view products in terms of functionality
What problem does corporate governance face in Emerging Markets (EM) according to the text?
Problem of corporate governance, especially among family firms and SOEs
What is the potential consequence of absent or inefficient institutions in EM markets?
Increase in transaction costs and opportunism
What value do non-corporate partners bring to DMNEs?
Expertise on social infrastructure and legitimacy.
How can DMNEs build local capacity according to the text?
Recognize value of existing institutions, train local partners and entrepreneurs.
Test your knowledge on emerging markets including the nature of market and industries, research on DMNC, institutional voids, and investment decisions. Explore the characteristics shared by the 96 countries classified as emerging markets according to the IMF.
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