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Firm-specific, national and regional competitive advantages: The case of emerging market MNEs—Thailand

Author

Listed:
  • Elena Beleska-Spasova

    (University of Reading)

  • Sirinuch Loykulnanta

    (Prince of Songkla University)

  • Quyen T. K. Nguyen

    (University of Reading)

Abstract

Increasing levels of regional economic integration have created a new source of international competitiveness for MNEs from an emerging economy, Thailand, in the context of ASEAN economic integration. Building on the theoretical framework of firm-specific advantages (FSAs) and country-specific advantages (CSAs) grounded in internalization theory, we introduce region-specific advantages (RSAs) and advance a novel regional dual-double-diamond model to analyse regional competitiveness. Using both primary and secondary data we find that most Thai firms derive their international competitiveness from CSAs rather than FSAs, and will benefit from ASEAN RSAs. Our study significantly advances the literature on international competitiveness of emerging-economy MNEs.

Suggested Citation

  • Elena Beleska-Spasova & Sirinuch Loykulnanta & Quyen T. K. Nguyen, 2016. "Firm-specific, national and regional competitive advantages: The case of emerging market MNEs—Thailand," Asian Business & Management, Palgrave Macmillan, vol. 15(4), pages 264-291, September.
    • Handle: RePEc:pal:abaman:v:15:y:2016:i:4:d:10.1057_s41291-016-0009-8
    DOI: 10.1057/s41291-016-0009-8
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