Department of Management, Society and Communication

  • Centre for Business and Development Studies (CBDS)
Michael Wendelboe
Associate professor
PhD, Director of Center for Business and Development Studies

Room: DH.Ø.2.29

My main research interest is related to firm strategy, organization and management in emerging markets and developing countries. A key theme is how conventional business theories and research methodologies need to be modified when we analyze firms in emerging markets and developing countries. Theoretically, I work with various IB theories and perspectives, including transaction cost economics, resource and capability perspectives, and spillover and linkage theories.  I have done extensive empirical research on Danish MNCs in developing countries and emerging markets, on outward FDI from developing countries (in particular from India), and on private sector development.

Primary research areas

International business
Firm strategy, organization and managemnt in emerging markets
Private sector development
Spillover and linkage effects
Foreign direct investment in and from developing countries

Curriculum Vitae
Link to this homepage

International Business and Economic Development

Business Strategy in Developing Countries

Managing Foreign Direct Investment Projects

Selected publications

Hansen, M.W. and Schaumburg–Müller, Firms in Developing Countries: A theoretical probe into the borderland of business studies and development studies. European Journal of Development Studies, Spring 2010.

Hansen, M.W., Torben Pedersen and Bent Petersen, MNC Strategies and Linkage Effect in Developing Countries. Journal of World Business, 2009

Hansen, M.W. et al., Change of Subsidiary Mandates in Emerging Markets: The Case of Danish MNCs in India Transnational Corporations Review Volume 3, Number 2 June 2011

Hansen, M.W., et al, Strategies in emerging markets, A Case book on Danish MNCs in China and India, Copenhagen: Copenhagen Business School Press, 2010.

Rugraff, E. and M.W.Hansen (ed), Multinational corporations and local firms in emerging economies, Amsterdam: Amsterdam University Press, 2011.

Publications sorted by:
Majbritt Greve; Michael Wendelboe Hansen / The Role of Shipping and Logistics MNCs in Economic Development : A Case Study of how Maersk Contributed to Vietnam’s Ascendence to an Export Oriented Economy.
In: Journal of Shipping and Trade, Vol. 9, No. 1, 12.2024
Journal article > peer review
Michael Hedegaard; Anne Sofie Westh Olsen; Henrik Gundelach; Michael W. Hansen / An Institutional Analysis of Changing Diabetes in Children (CDiC)
Abstract from ISPAD's 49th Annual Conference, 2023
Conference abstract for conference > peer review
Michael Hedegaard; Anne Sofie Westh Olsen; Henrik Gundelach; Michael W. Hansen / An Institutional Analysis of Changing Diabetes in Children (CDiC)
Poster session presented at ISPAD's 49th Annual Conference, 2023, 1 p.
Poster > peer review
Suhyon Oh; Michael Wendelboe Hansen / Balancing Purpose and Profit in Foreign Direct Investment : How Development Finance Institutions Promote the SDGs While Being Profitable.
In: International Business and Sustainable Development Goals. ed. /Rob van Tulder; Elisa Giuliani; Isabel Álvarez. Bingley : Emerald Group Publishing 2023, p. 135-150 (Progress in International Business Research, Vol. 17)
Book chapter > peer review
Michael Hedegaard; Henrik Gundelach; Michael W. Hansen / MNCs' Philanthropic Activities in Developing Countries : Impact Assessment by Social Return on Investment.
Paper presented at 49th Conference of the European International Business Academy , 2023
Paper > peer review
Celina Schmidt-Petersen; Nanna Dalby Sundenæs; Michael W. Hansen / The Hare and the Tortoise : A Comparative Study of Vietnam's and Kenya's Pathways to Local Enterprise Development Through Foreign Direct Investment.
In: Forum for Development Studies, Vol. 50, No. 3, 2023, p. 397-423
Journal article > peer review
Michael W. Hansen; Henrik Gundelach; Erik Thomas Johnson / The Business Case for the Sustainable Development Goals : An Empirical Analysis of 21 Danish Companies' Engagement with the SDGs.
Frederiksberg : Centre for Business and Development Studies 2022, 33 p. (CBDS Working Paper, No. 2022/2)
Working paper
Michael W. Hansen; Henrik Gundelach; Michael Hedegaard / Why Is MNC Subsidiary Performance Better in Challenging Business Environments?
Paper presented at 48th EIBA Annual Conference 2022, 2022
Paper > peer review
Suhyon Oh; Michael W. Hansen / Blending Profits and Purpose : Conceptualizing Hybridity of Development Finance.
Paper presented at 47th EIBA Annual Conference 2021, 2021
Paper > peer review
Anne Mette Kjær; Ole Therkildsen; Lars Buur; Michael Wendelboe Hansen / When ‘Pockets of Effectiveness’ Matter Politically : Extractive Industry Regulation and Taxation in Uganda and Tanzania.
In: The Extractive Industries and Society, Vol. 8, No. 1, 3.2021, p. 294-302
Journal article > peer review
More results... (total 125 results)
Research Projects
Outside activities

Name of contractual partner

Duration of Activity 

Type of activity

Udenrigsministeriet, Danida

January 2018 - 2019

Membership of Danida Development Policy Board

Udenrigsministeriet, Danida


Reference committee for IFU evaluation