Lilac Nachum, Professor, Globalization and Management of Multinational Companies. Baruch College, City University New York


Professor Nachum has been teaching, publishing and consulting on globalization and the management of Multinational Corporations for three decades. A major focus of her work in these areas has been the study of emerging market Multinationals, including of Russian origin.


Nachum is the author of two books and numerous journal papers, book chapters and manuscripts. Her research was published in leading academic journals including Management Science, Strategic Management Journal, and the Journal of International Business Studies among others. She has served as a board member of the top international academic journals on international business and strategy. Her research has been awarded several notable recognitions, most recently the 2012 Outstanding Author Contribution Award of the Literati Network Emerald Awards for Excellence, and the Bright Idea Award in Management of Seton Hall University and the New Jersey Public Policy Research Foundation. She is the recipient of Baruch College 2011 Best Teacher Award and 2012 Presidential Excellence Award for Scholarship.


Nachum is a frequent contributor to various media outlets, including CNBC, FOX Business, CNN, Forbes, FT, India Economic Times, Business World India, and a regular speaker in research seminars and conferences around the world.


In conjunction with her current position at Baruch College, Nachum has been acting as consultant for the Division on Foreign Investment and Transnational Corporations at the United Nations. In this capacity she provides inputs to research on the impact of globalization on emerging markets and on emerging market firms. Nachum is also a senior advisor to the Istanbul Financial Center Committee of the Turkish Government, where she designs strategies to turn Istanbul into a regional financial centre, drawing on the experience of global and regional centres around the world. She was a board member of Humanlign, a consulting company for US companies investing in Africa.


Professor Nachum has considerable teaching expertise in emerging markets. In Baruch College she developed a course on emerging markets and their firms and has been teaching it on the School’s MBA program in international business since 2011. She has led groups of US executives on study abroad tours to emerging markets in Asia, Latin America and Central Europe, and has taught on Baruch College Executive MBA programs in Hong-Kong, Singapore and Taiwan. She has held visiting positions in leading business schools in emerging markets, including Indian School of Business (ISB), Lagos Business School, Warsaw School of Economics, and China’s Sun Yat-sen University.


Publications in Refereed Journals

  • Abdullah, S.N., Ismail, K.N.I., & Nachum, L. (2015) Does women participation on boards create value? The impact of societal perceptions and corporate governance in emerging markets. Forthcoming Strategic Management Journal.
  • Nachum, L. (2012). Global comparative strategy. Global Strategy Journal, 2 (1): 92-95.
  • Zaheer, S., Schomaker M., & Nachum, L. (2011). Distance without Direction: Restoring credibility to a much-loved construct. Journal of International Business Studies, 43 (1): 18-27.
  • Nachum, L. (2011). What constitutes the costs and advantages of firms investing overseas? Managerial and Decision Economics, 32 (8): 545–565.
  • Zaheer, S. & and Nachum, L. (2011). Sense of place: From location resources to MNE location capital. Global Strategy Journal, 1 (1): 96-108.
  • Nachum, L. & Song, S.Y. (2011). The MNE as a portfolio: Interdependencies in MNE growth trajectory. Journal of International Business Studies, 42 (3): 381-405.
  • Nachum, L. (2010). Foreignness, multinationality and inter-organizational relationships. Strategic Organization, 8 (3): 230-254.
  • Nachum, L. (2010). When is foreignness an asset or a liability? Explaining the performance differential between foreign and local firms. Journal of Management, 36 (3): 714 - 739.
  • Nachum, L., Zaheer, S., & Gross, S. (2008). Does it matter where countries are? Distance from knowledge, markets and resources and MNE location choices. Management Science 54 (7): 1252-1265.
  • Laud, R., Grein A., & Nachum, L. (2008). Learning from global cities: In leading cities companies gain access to knowledge and network. MIT Sloan Management Review: 10-11.
  • Nachum, L. & Zaheer, S. (2005). The persistence of distance? The impact of technology on MNE investment motivations. Strategic Management Journal, 26 (8): 747-768.
  • Nachum, L. & Wymbs, C. (2005). Product differentiation, external economies and MNE location choices: M&As in global cities. Journal of International Business Studies, 36 (4): 415-434.
  • Nachum, L. (2004). Geographic and industrial diversification of developing country firms. Journal of Management Studies, 41 (2): 273-294.
  • Nachum, L. (2003). Liability of foreignness in global competition? Financial service affiliates in the City of London. Strategic Management Journal, 24 (12): 1187-1208.
  • Nachum, L. (2003). International business in a world of increasing returns. Management International Review, 3: 219-246.
  • Nachum, L. & Keeble, D. (2003). Neo Marshallian nodes and global networks: The external linkages of media firms in Central London. Long Range Planning, 36 (5): 459-480.
  • Nachum, L. (2001). The impact of home countries on the competitiveness of advertising TNCs. Management International Review, 1: 77-98.
  • Nachum, L. (2000). Economic geography and the location of TNCs: Financial and professional service FDI to the US. Journal of International Business Studies, 31 (3): 367-385.


Book Chapters

  • Nachum, L. (2014). ‘Liability of Foreignness’ entry. In D.D. Hartogand M. Vodosek (Eds.), Wiley Encyclopedia of Management, 3rd edition.
  • Nachum, L. (2013). ‘Liability of Foreignness’ entry. In D. Teece, M. Augier and C. Pitelis (Eds.), Palgrave Encyclopedia of Strategic Management.
  • Nachum, L., & Schmid, M. (2013). Conflicting Forces for Internationalization of Hydropower Equipment Producers: Reconciling Sustainability and CSR with MNEs’ International Strategies. In L. Leonard and M.A. Gonzalez-Perez (Eds.), International Business, Sustainability and Corporate Social Responsibility. Emerald Group Publishing: 187-216.
  • Nachum, L. (2011). The home-based advantages and a hierarchy of location resources: Do foreign location resources shape affiliates advantages? In C.G. Asmussen, T. Devinney, T. Pedersen and L. Tihanyi (Eds.), Advances in International Management: Dynamics of Globalization: Location-specific Advantages or Liabilities of Foreignness? Emerald Publishing: 55-85.
  • Nachum, L. (2011). Organization of foreign affiliates as a distinctive choice between markets, hierarchy and networks. In R. Ramamurtiand N. Hashai (Eds.), The Future of Foreign Direct Investment and the Multinational Enterprise: Essays in Honor of Yair Aharoni. Emerald Publishing: 315-334.
  • Nachum, L., Laud, R., & Keeble, D. (2008). External networks and geographic clustering as sources of MNE advantages: Foreign and indigenous professional service firms in Central London. In C. Karlsson (Ed.), Handbook of Research on Innovation and Clusters Edward Elgar: 253-269.



  • Aharoni, Y. & Nachum, L. (Eds.) (2000). The Globalisation of Services: Some Implications for Theory and Practice, Routledge, London and New York. [Chinese translation by the Shanghai People's Publishing HouseTruth and Wisdom Press, 2010]
  • Nachum, L. (1999). The Origins of the International Competitiveness of Firms: The Impact of Location and Ownership in Professional Service Industries, Edward Elgar, Aldershot and Brookfield.



Welcome from Prof. Lilac Nachum, Director of the Center in 2015-2017


It gives me a great pleasure to welcome you to the Center for the study of Emerging Market and Russian MNEs.


Deepening the knowledge and understanding of emerging market MNEs is critical at a time in which these firms are being transformed by globalization and international competition and in turn alter the very dynamics of these forces. These developments pose challenges and opportunities for the stakeholders with whom the Center seeks to engage and contribute: The academic community, firms, and policy makers. The Center’s work contributes to the academic community as it seeks to extend existing theories and develop new ones in order to explain the distinctive nature of the international activities of emerging market firms. The contribution to emerging market MNEs lies in offering assistance in confronting the new and different forms and competition at home, and acquiring tools to embrace new opportunities overseas. Policymakers will benefit from research-based advice regarding the policy means needed to confront with new forms of global interdependencies that are shaping the fabric of the institutional environment in their countries. The Center addresses these issues, with specific focus on Russian firms.


Providing Russian companies with the tools to identify opportunities in the global markets and design strategies to take advantage of them is a task of considerable contemporary importance. With the increasing uncertainty in Russia foreign activity has gained particular significance for Russian firms.


As the leading business school in Eastern Europe, GSOM is well-placed to host the Center. It employs some of the world’s foremost experts on Russian MNEs, whose expertise will provide the foundation for the work of the Center. The Center will also benefit from the close contacts of GSOM with Russia local business community and the policy makers overseeing their activities.


The Center’s major activities focus on research by the Center’s staff and affiliated partners around the world; the establishment of a comprehensive database of Russian MNEs that will provide a detailed picture of their international activities, and teaching and training activities for companies and education institutions in Russia and elsewhere.


We hope that you will join us on this exciting journey and invite you to contribute to our work, with ideas for our activities, collaboration opportunities, and participation in our events


Lilac Nachum 

Director, Center for the Study of Emerging Market and Russian MNEs

Professor, Baruch College, City University New York


Keynote speech of Prof Lilac Nachum with presentation of the Center for the Study of Emerging Market and Russian Multinational Enterprises at a plenary session of the International Conference “GSOM Emerging Markets Conference 2015: Business and Government Perspectives”




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