The Role of Home Country Political Resources for Brazilian Multinational Companies

AutorKarina Regina Vieira Bazuchi - Suelen Alice da Silva Zacharias - Laurent Wiliam Broering - Maria Fernanda Arreola - Rodrigo Bandeira-de-Mello
CargoFundação Getúlio Vargas, FGV-EAESP - Fundação Getúlio Vargas, FGV-EAESP - Fundação Getúlio Vargas, FGV-EAESP - Fundação Getúlio Vargas, FGV-EAESP
Available online at
http://www.anpad.org.br/bar
BAR, Rio de Janeiro, v. 10, n. 4, art. 3,
pp. 415-438, Oct./Dec. 2013
The Role of Home Country Political Resources for Brazilian
Multinational Companies
Karina Regina Vieira Bazuchi
E-mail address: kari_bazuchi@yahoo.com.br
Fundação Getúlio Vargas - FGV-EAESP
Av. 9 de Julho, 2029, Bela Vista, 01313-902, São Paulo, SP, Brazil.
Suelen Alice da Silva Zacharias
E-mail address: suelen.zacharias@gmail.com
Fundação Getúlio Vargas - FGV-EAESP
Av. 9 de Julho, 2029, Bela Vista, 01313-902, São Paulo, SP, Brazil
Laurent Wiliam Broering
E-mail address: laurent.broering@gmail.com
Fundação Getúlio Vargas - FGV-EAESP
Av. 9 de Julho, 2029, Bela Vista, 01313-902, São Paulo, SP, Brazil
Maria Fernanda Arreola
E-mail address: fernanda.arreola@gmail.com
Fundação Getúlio Vargas - FGV-EAESP
Av. 9 de Julho, 2029, Bela Vista, 01313-902, São Paulo, SP, Brazil
Rodrigo Bandeira-de-Mello
E-mail address: rodrigo.bandeira.demello@fgv.br
Fundação Getúlio Vargas - FGV-EAESP
Av. 9 de Julho, 2029, Bela Vista, 01313-902, São Paulo, SP, Brazil
Received 31 October 2012; received in revised form 25 June 2013 (this paper has been with the
authors for two revisions); accepted 24 July 2013; published online 1st October 2013.
K. Bazuchi, S. Zacharias, L. Broering, M. F. Arreola, R. Bandeira-de-Mello 416
BAR, Rio de Janeiro, v. 10, n. 4, art. 3, pp. 415-438, Oct./Dec. 2013 www.anpad.org.br/bar
Abstract
This paper aims to analyze the interactions between home co untry governments and Developing Country
Multinational Companies (DMNCs). Drawing on evidence from the Brazilian political environment and
Brazilian multinationals we investigate the mechanisms governments use to influence the internationalization
process of domestic companies and firms political strategic responses to shape the political institutional
environment in which they operate. We argue that foreign direct investment (FDI) outflows from developing
economies need to be explored given specific co untry level contextual factors, such as high levels of government
involvement. Our main findings support this idea and indicate that home country governments use a series of
formal and informal mechanisms in order to drive the international expansion of DM NCs in both the entry and
consolidation phases. Mo reover, DMNCs political behavior in the home country po litical environment accounts
for an important part of their strategy to develop political resources and obtain above average returns from
governmental benefits.
Key words: competitive advantage; interactions between companies and governments; developing country
multinational companies.

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