Title page for ETD etd-04172011-161452


Document Type Master's Dissertation
Author Hughes, James
URN etd-04172011-161452
Document Title South African multinational enterprises : motivators and predictors of headquarter location
Degree MBA
Department Gordon Institute of Business Science
Supervisor
Advisor Name Title
Prof A Wocke Supervisor
Keywords
  • emerging markets
  • location advantage
  • South Africa
Date 2010-11-10
Availability unrestricted
Abstract

This report considers emerging market multinational enterprise (MNE) maturity paths, with particular reference to firms with a South African origin and the choice of location for the corporate headquarters. A generalised model describing the internationalisation of globalised Emerging Market multinational enterprises is developed, describing three possible trajectories. That is, headquarter relocation, acquisition by another MNE or remaining independent in the country of origin. It is argued that Emerging Markets have offered less location advantage than Developed Markets to multinational enterprise headquarters. Using factor data for 46 nations, significant evidence is found to support this argument. Further, two arguments are built on this conjecture: that Emerging Market multinational enterprises have relocated headquarters to Developed Markets, not to other Emerging Markets, and that firm behaviour was predicted by concentration of private shareholding, levels of state ownership and levels of foreign business interest. Using a firm level sample of 61 South African companies, some evidence was found to support these arguments in this specific context. The implications of the results are considered for policy makers as well as managers, and recommendations for further research are made.

Copyright 2010, University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria

Please cite as follows:

Hughes, J 2010, South African multinational enterprises : motivators and predictors of headquarter location, MBA dissertation, University of Pretoria, Pretoria, viewed yymmdd < http://upetd.up.ac.za/thesis/available/etd-04172011-161452/>

F11/207/ag

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