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Drago G, Aiello G, Lombardo A, Mangiapane R. State guarantees to counteract the financial effects of the COVID-19 pandemic on industrial supply chains. Heliyon 2023; 9:e17963. [PMID: 37456019 PMCID: PMC10344815 DOI: 10.1016/j.heliyon.2023.e17963] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [What about the content of this article? (0)] [Affiliation(s)] [Abstract] [Key Words] [Track Full Text] [Download PDF] [Figures] [Journal Information] [Subscribe] [Scholar Register] [Received: 07/13/2022] [Revised: 06/30/2023] [Accepted: 07/04/2023] [Indexed: 07/18/2023] Open
Abstract
As the recent COVID-19 pandemic has clearly demonstrated, appropriate state support policies are crucial for supporting industrial supply chains during crises to prevent viable businesses from defaulting. In this context, this study proposes a hybrid credit risk model to appropriately size public interventions for viable (worthy) businesses through systematic risk assessment during a period of turmoil. This study discusses the effects of the credit crunch-based economic downturn and proposes a methodology to assist policymakers in managing limited public resources to effectively support industrial supply chains. The proposed approach initially focuses on the dynamics of credit risk during economic recession periods, identifying the conditions that may justify a public intervention strategy based on public guarantees. Subsequently, a hybrid credit risk model is developed to appropriately size public interventions by quantifying systematic risk. Finally, a numerical application is presented to demonstrate the effectiveness of the proposed approach.
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2
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Salvoldi R, Brock DM. International alliance structure and effectiveness: evidence from law firms. Journal of Management & Organization 2023. [DOI: 10.1017/jmo.2023.14] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [What about the content of this article? (0)] [Abstract] [Track Full Text] [Subscribe] [Scholar Register] [Indexed: 04/08/2023]
Abstract
Abstract
International alliances are important strategic vehicles to build geographic scope and enter foreign markets, especially for firms lacking the resources or facing limitations to direct foreign expansion. Addressing recent calls to study alliance structure, we investigate the design parameters of nonequity international alliances and their performance implications. Building on the resource-based view of the firm, we theorize the effect of three key structural dimensions – formalization, interface, and specialization – on firm effectiveness. Our empirical work focusses on the legal service industry where international interfirm alliances are common, and resources like expert workers and knowledge are essential. We study 121 French, German, Italian, and Spanish law firms; and our data include the structural features of the alliances to which they belong, as well as various measures of firm effectiveness. Our analyses via structural equation modelling point toward the importance of informality and strong interface for effectiveness in these contexts. This study contributes to a finer understanding of international alliances by directly addressing the structural variation among nonequity international alliances, and analyzes their implications for firms. We thus respond to calls to investigate structural dimensions of alliances, operationalizing relevant dimensions of alliance organizational structure. Second, we add to understanding of the performance effects of international alliances, showing the benefits of individual structural parameters for firm effectiveness. Finally, we extend research on the use of international alliances as a strategic vehicle to enter foreign markets, capturing essential aspects of the internal arrangements of these interorganizational collaborative relationships, and thus adding to understanding of this strategic entry mode.
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Wan C, Sousa CMP, Lengler J, Tan Q. Entry Mode Choice: A Meta-Analysis of Antecedents and Outcomes. Manag Int Rev 2023. [DOI: 10.1007/s11575-022-00499-6] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [What about the content of this article? (0)] [Abstract] [Track Full Text] [Journal Information] [Subscribe] [Scholar Register] [Indexed: 01/23/2023]
Abstract
AbstractThe entry mode decision is a critical topic in international business. Several studies have tested the antecedents of entry mode choices and compared the outcomes after entry. However, the results reported in these studies are contradictory and difficult to explain. Furthermore, the reviews using qualitative approaches cannot statistically combine empirical results and fail to fully discuss these relationships. Additionally, the mediating effects remain unexamined in the existing studies. Drawing upon transaction cost economics and the resource-based view, this paper presents a meta-analysis that combines entry mode choices, antecedents and post-entry outcomes to address these issues. This meta-analysis is based on 1499 effect sizes from 230 published empirical studies. This study focuses on 15 antecedents as well as post-entry performance and survival of entry mode choices. In addition to bivariate relationships (i.e. how a single antecedent affects entry mode choices), the paper uses meta-analytic structural equation modelling to analyse the mediating effects of entry mode choices on the antecedent - outcome relationship.
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Vanninen H, McNaughton RB, Kuivalainen O. The Multiple Dimensions of Embeddedness of Small Multinational Enterprises. Manag Int Rev 2022. [DOI: 10.1007/s11575-022-00487-w] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [What about the content of this article? (0)] [Abstract] [Track Full Text] [Journal Information] [Subscribe] [Scholar Register] [Indexed: 10/17/2022]
Abstract
AbstractThis research investigates how small multinational enterprises (small MNEs) internationalize by opening branch offices or subsidiaries in foreign markets, managing their multiple embeddedness in their host and home locations, and their subsidiaries’ dual embeddedness in external environments and within their organizations. We study four small multinational enterprises, two each from the small open economies of New Zealand and Finland, and we use literature from entrepreneurship and international business to derive a model of these multiple dimensions of embeddedness. The cases illustrate how firms can become more (or less) embedded in their locations through their physical presence, operations, key employees, and local hires while achieving internal organizational embeddedness through their corporate structure and social and technological bridging. Our research gives insight into how small MNEs may overcome their liabilities of smallness, foreignness, and outsidership by drawing on resources from home and host locations and sharing this throughout the organization.
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Kassberg G, Dornberger U. Perception of export intenders on relevant resources and competences for the internationalization of vocational education and training (VET) providers. Int J Training Development 2022. [DOI: 10.1111/ijtd.12278] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [What about the content of this article? (0)] [Affiliation(s)] [Track Full Text] [Journal Information] [Subscribe] [Scholar Register] [Indexed: 11/27/2022]
Affiliation(s)
- Gunnar Kassberg
- SEPT Competence Center, Faculty of Economics and Management Science Leipzig University Leipzig Germany
| | - Utz Dornberger
- SEPT Competence Center, Faculty of Economics and Management Science Leipzig University Leipzig Germany
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Grøgaard B, Sartor MA, Rademaker L. What merits greater scholarly attention in international business? J Int Bus Stud 2022; 53:1508-1518. [PMID: 35791426 PMCID: PMC9247957 DOI: 10.1057/s41267-022-00539-1] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [What about the content of this article? (0)] [Affiliation(s)] [Abstract] [Key Words] [Track Full Text] [Subscribe] [Scholar Register] [Received: 11/15/2021] [Revised: 02/25/2022] [Accepted: 04/02/2022] [Indexed: 06/15/2023]
Abstract
Scholarly efforts to propose future directions for international business (IB) research have generated a timely and extensive inventory of potentially interesting areas of research. We supplement this line of inquiry by suggesting that an additional layer of scrutiny could be beneficial when advocating in favor of giving more attention to particular research realms. Specifically, we advance several guiding principles that will help IB scholars assess which research areas merit greater scholarly attention, based on their potential importance and impact. We distinguish between (1) research in new or underdeveloped research domains, where salience, urgency, and actionability are critical elements, and (2) new research in relatively well-established domains, where scholars may contribute to changing the theoretical conversations taking place in IB.
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Affiliation(s)
- Birgitte Grøgaard
- Department of Strategy and Entrepreneurship, BI Norwegian Business School, Nydalsveien 37, 0484 Oslo, Norway
| | - Michael A. Sartor
- Smith School of Business, Queen’s University, 143 Union Street, Kingston, ON K7L 3N6 Canada
| | - Linda Rademaker
- Department of Strategy and Entrepreneurship, BI Norwegian Business School, Nydalsveien 37, 0484 Oslo, Norway
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Amankwah-Amoah J, Adomako S, Danquah JK, Opoku RA, Zahoor N. Foreign market knowledge, entry mode choice and SME international performance in an emerging market. Journal of International Management 2022. [DOI: 10.1016/j.intman.2022.100955] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [What about the content of this article? (0)] [Track Full Text] [Subscribe] [Scholar Register] [Indexed: 10/18/2022]
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8
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Purkayastha A, Gupta VK. Business group affiliation and entrepreneurial orientation: Contingent effect of level of internationalization and firm’s performance. Asia Pac J Manag 2022. [DOI: 10.1007/s10490-022-09809-w] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [What about the content of this article? (0)] [Abstract] [Track Full Text] [Subscribe] [Scholar Register] [Indexed: 11/02/2022]
Abstract
AbstractThis paper explores effect of business group affiliation on entrepreneurial orientation of the affiliated firms. Building on the argument that organizational and governance structure influence entrepreneurship, we argue that despite some potential advantage that business group affiliation has on a firm through intermediate market filling roles, the entrenchment behavior of business groups discourages entrepreneurial orientation of affiliated firms. Taking a firm-specific contingent perspective we also posit that the level of internationalization of a firm and its performance helps to alleviate- even counter–the negative influence of business group affiliation on the firm’s entrepreneurial orientation. We find support for our predictions in a longitudinal data set of 419 Indian firms for the period from 2006 to 2019. The implications and directions for future research are discussed in the context of business group affiliation in emerging economies.
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Ipsmiller E, Dikova D. Internationalization from Central and Eastern Europe: A systematic literature review. Journal of International Management 2021. [DOI: 10.1016/j.intman.2021.100862] [Citation(s) in RCA: 7] [Impact Index Per Article: 2.3] [Reference Citation Analysis] [What about the content of this article? (0)] [Track Full Text] [Subscribe] [Scholar Register] [Indexed: 11/27/2022]
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10
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Younis H, Elbanna S. How Do SMEs Decide on International Market Entry? An Empirical Examination in the Middle East. Journal of International Management 2021. [DOI: 10.1016/j.intman.2021.100902] [Citation(s) in RCA: 3] [Impact Index Per Article: 1.0] [Reference Citation Analysis] [What about the content of this article? (0)] [Track Full Text] [Subscribe] [Scholar Register] [Indexed: 10/20/2022]
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11
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Jung YH, Zhu Z, Nguyen HW. Revisiting foreign market entry motivations: the case of Korean commercial banks. CCSM 2021. [DOI: 10.1108/ccsm-05-2020-0113] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [What about the content of this article? (0)] [Abstract] [Track Full Text] [Subscribe] [Scholar Register] [Indexed: 11/17/2022]
Abstract
PurposeThis study examines what motivates firms to go and remain abroad despite uncertain profit potential. In a departure from probing traditional market-seeking, profit-driven motives, the authors explore how domestically driven, sociocultural motivations may shape the foreign market entry decisions of Korean commercial banks (KCBs). The authors argue that, due to the power imbalance between KCBs and their chaebol clients within the historical and cultural contexts of their relationships, KCBs' foreign market entries may depend more on their clients' presence in these markets than on their profit potential.Design/methodology/approachThe authors focus on the foreign market entries of KCBs and their client firms. Using the data of 8 KCBs and their client firms belonging to the 60 business groups (chaebols) of Korea, the authors analyze 6,577 observations involving the dyadic relationship between a KCB and its client firm in 15 host countries from 2005 to 2014.FindingsThe authors find that the number of clients' subsidiaries operating in foreign markets may increase the likelihood of KCBs entering these markets. Moreover, when KCBs earn more domestic profit from client firms, the potential Korean market in the host country is greater, and the institutional distance between the host country and Korea is smaller.Practical implicationsIn addition to the critical role of a bank-centered financing system in advancing a developing country and its firms, the authors’ findings suggest that firms should pay attention to the local diaspora and the institutional distance between the host and home countries in order to manage power-imbalanced relationships and make them sustainable.Originality/valueThe study contributes to the literature on foreign market entry by demonstrating how the home country's sociocultural factors may worsen the power imbalance, thereby pushing firms to make seemingly irrational decisions to go and stay abroad. That is, KCBs' foreign operations may be a way of seeking relational benefits with client firms, which would serve as a source of long-term domestic market profits. The authors’ findings thus highlight the need to consider how sociocultural factors may also shape firms' decision-making in their international business.
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Haj Youssef M, Teng D. Market entry strategies in the Middle East: unveiling the sponsorship strategy. International Studies of Management & Organization 2021. [DOI: 10.1080/00208825.2021.1959878] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [What about the content of this article? (0)] [Affiliation(s)] [Track Full Text] [Subscribe] [Scholar Register] [Indexed: 10/20/2022]
Affiliation(s)
| | - Da Teng
- School of Economics and Management, Beijing University of Chemical Technology, Beijing, P. R. China
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de Oliveira Paula F, da Silva JF. Combining Knowledge to Improve Product and Process Innovation and Performance of SMES in Developing Economies. Int J Innovation Technol Management 2020. [DOI: 10.1142/s0219877020500133] [Citation(s) in RCA: 3] [Impact Index Per Article: 0.8] [Reference Citation Analysis] [What about the content of this article? (0)] [Affiliation(s)] [Abstract] [Track Full Text] [Subscribe] [Scholar Register] [Indexed: 11/18/2022]
Abstract
The aim of this study was to investigate how combining internal and external knowledge sources (KS) may influence product and process innovation of small and medium enterprises (SMEs) from developing economies in order to improve their financial performances (FPs). Previous research mostly supported that internal KS influence innovation directly as well as indirectly, moderating the relationship between external KS and innovation performance (IP), with this moderation being more prominent in the case of high-technology firms. These studies also supported that innovation influences FP more strongly in this type of firm. The present study proposes that, in developing countries, the opposite occurs. The moderation relationship of internal KS on the relationship between external KS and IP would be stronger in low-technology firms, as well as the positive effect of innovation on FP. We tested our propositions using a sample of 1551 Brazilian manufacturing SMEs controlling by the technological intensity of the industry and confirmed a good part of the proposed hypotheses.
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Aharonson BS, Bort S, Woywode M. The Influence of Multinational Corporations on International Alliance Formation Behavior of Colocated Start-Ups. Organization Science 2020. [DOI: 10.1287/orsc.2019.1315] [Citation(s) in RCA: 4] [Impact Index Per Article: 1.0] [Reference Citation Analysis] [What about the content of this article? (0)] [Affiliation(s)] [Abstract] [Track Full Text] [Journal Information] [Subscribe] [Scholar Register] [Indexed: 11/20/2022]
Abstract
We theorize that vicarious learning theory provides a framework for understanding how small- and medium-sized start-ups can learn from the activity of a variety of regional actors, not just from the activity of colocated peer firms (i.e., other start-ups). Furthermore, we suggest that the magnitude of the impact of vicarious learning is influenced by a firm’s own specific experience with a variety of actors. We use longitudinal data of the population of German biotechnology start-ups and pharmaceutical multinational corporations (MNCs) between 1996 and 2015 across 19 German biotechnology regions. We show that colocated start-ups’ international expansion is positively impacted by the regional network centrality of colocated MNCs and that this relationship is moderated by a start-up’s direct alliance experience with these entities. Our results highlight how important it is for researchers to differentiate the distinct and separate influences a wide variety of actors have on vicarious learning to more clearly identify outcomes of this influence. We also provide evidence that the influence of MNCs is heterogeneous and depends on whether MNCs are domestic or foreign and on their R&D intensity, yet find that country of origin has no significant influence. Our study makes a number of contributions, one of which is research on alliances, supporting conflicting arguments on the subsequent impacts of experience. We further find that certain types of alliance experience may not be transferrable to induce start-ups’ future international expansion, and in some cases may even hinder it.
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Affiliation(s)
- Barak S. Aharonson
- Strategic Management and Entrepreneurship, Xiamen School of Management, Xiamen University, 361005 Fujian, China
- Coller School of Management, Tel Aviv University, 69978 Tel Aviv, Israel
| | - Suleika Bort
- Chemnitz University of Technology, 09126 Chemnitz, Germany
| | - Michael Woywode
- Business School, Mannheim University, 68161 Mannheim, Germany
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Lahiri S, Mukherjee D, Peng MW. Behind the internationalization of family SMEs: A strategy tripod synthesis. Global Strategy Journal 2020. [DOI: 10.1002/gsj.1376] [Citation(s) in RCA: 45] [Impact Index Per Article: 11.3] [Reference Citation Analysis] [What about the content of this article? (0)] [Affiliation(s)] [Track Full Text] [Subscribe] [Scholar Register] [Indexed: 11/10/2022]
Affiliation(s)
- Somnath Lahiri
- Department of Management and Quantitative Methods, College of Business Illinois State University Normal Illinois USA
| | - Debmalya Mukherjee
- Department of Management, College of Business Administration The University of Akron Akron Ohio USA
| | - Mike W. Peng
- Center for Global Business, Jindal School of Management University of Texas at Dallas Richardson Texas USA
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Abstract
We consider how the COVID-19 pandemic has challenged European small- and medium-sized enterprises (SMEs) in the manufacturing sector, and draw suggests policy implications. The sudden onslaught of the pandemic has acted as an economic shock, and we consider how it is likely to affect different types of manufacturing SMEs. We distinguish between immediate effects, a result of the almost-simultaneous lockdowns across Europe and its major trading partners, and longer-term implications for both SMEs and the global value chains where they are inserted. In the shorter run, most SMEs have faced logistical challenges in addition to demand disruptions, although the severity has differed across firms and industries. We argue that in the longer-term, there will be different challenges and opportunities depending on the type of SME. Policy interventions will also need to be sensitive to the different types of SMEs, rather than adopting a one-size-fits-all approach. The policy mix will need to shift from its initial focus on the survival of European SMEs in the short term, towards a more structural and longer-term approach based on promoting their renewal and growth through innovation, internationalization and networking.
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Affiliation(s)
- Jill Juergensen
- Henley Business School, University of Reading, Whiteknights, Reading, RG6 6UD UK
| | - José Guimón
- Department of Development Economics, Autonomous University of Madrid, Campus de Cantoblanco, 28049 Madrid, Spain
| | - Rajneesh Narula
- Henley Business School, University of Reading, Whiteknights, Reading, RG6 6UD UK
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Abstract
This paper investigates the body of international entrepreneurship knowledge to identify key trends, research directions and emerging research topics. First, 21 systematic and 6 non-systematic review articles published between 1998 and 2018 are reviewed. The analysis of these 27 review articles explores the trends and directions of development in the field, and provides a set of dimensions for evaluating the body of literature. A systematic review of 126 special issue articles using these dimensions proceeds with an assessment of the breadth and depth of international entrepreneurship special issue literature, and provides validation for the key areas and directions of development for international entrepreneurship research. Trends identified include the convergence between international business and entrepreneurship literatures, the focus on SME internationalization and various forms of international new ventures and born globals. Later years show the emergence of comparative international entrepreneurship and comparative entrepreneurial internationalization as research topics, emphasizing the importance of integrating empirical evidence between countries and contexts. There is a gap in the body of knowledge regarding emerging and transitional country contexts. There is also more room for comparative research that could also support the adaptation and development of context specific theories, providing a future direction for international entrepreneurship researchers.
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Akbar Y, Balboni B, Bortoluzzi G, Dikova D, Tracogna A. Disentangling resource and mode escalation in the context of emerging markets. Evidence from a sample of manufacturing SMEs. Journal of International Management 2018; 24:257-70. [DOI: 10.1016/j.intman.2018.01.003] [Citation(s) in RCA: 11] [Impact Index Per Article: 1.8] [Reference Citation Analysis] [What about the content of this article? (0)] [Track Full Text] [Subscribe] [Scholar Register] [Indexed: 11/19/2022]
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20
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Pisani N, Muller A, Bogăţan P. Top Management Team Internationalization and Firm-level Internationalization: The Moderating Effects of Home-region Institutional Diversity and Firm Global Focus. Journal of International Management 2018. [DOI: 10.1016/j.intman.2018.01.002] [Citation(s) in RCA: 19] [Impact Index Per Article: 3.2] [Reference Citation Analysis] [What about the content of this article? (0)] [Track Full Text] [Subscribe] [Scholar Register] [Indexed: 11/24/2022]
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21
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Suseno Y, Pinnington AH. Future orientation and foreign entry mode choice in the internationalization of professional service firms. Journal of General Management 2018. [DOI: 10.1177/0306307017753855] [Citation(s) in RCA: 2] [Impact Index Per Article: 0.3] [Reference Citation Analysis] [What about the content of this article? (0)] [Affiliation(s)] [Abstract] [Track Full Text] [Subscribe] [Scholar Register] [Indexed: 11/16/2022]
Abstract
The purpose of this study is to examine the future orientation dimension of national culture on the choice of foreign entry mode in the context of the internationalization of Australian law firms. Our findings indicate short-term orientation for the firms’ choice of entry mode to international markets, with top-tier firms preferring joint venture arrangements, while both mid-tier law firms and boutique law firms prefer ‘fly-in, fly-out’ methods of internationalization. Our study provides guidance for scholars and managers seeking to examine and reflect on firm internationalization, particularly the future orientation dimension and market entry strategies.
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Affiliation(s)
- Daniel Tolstoy
- House of InnovationStockholm School of Economic Stockholm
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Holtgrave M, Onay M. Success through Trust, Control, and Learning? Contrasting the Drivers of SME Performance between Different Modes of Foreign Market Entry. Administrative Sciences 2017; 7:9. [DOI: 10.3390/admsci7020009] [Citation(s) in RCA: 4] [Impact Index Per Article: 0.6] [Reference Citation Analysis] [What about the content of this article? (0)] [Abstract] [Track Full Text] [Journal Information] [Subscribe] [Scholar Register] [Indexed: 11/16/2022] Open
Abstract
Globalization and international competition have driven a large number of small- and medium-sized enterprises (SMEs) to enter foreign markets. However, current knowledge on which factors determine SMEs’ foreign market performance and secure their success is limited. Using empirical data on 280 German SMEs’ activities in Arab markets, we contrast the performance effect of trust with those of control and learning (three of the most prominently studied success factors) across three different structural modes of market entry: non-equity entry, cooperative entry, and wholly-owned subsidiaries. Our results reveal marked differences between the three entry modes and we offer a detailed discussion of the underlying structural and cultural reasons. Consequently, this study allows for a comprehensive understanding of the determinants of SMEs’ foreign market performance and provides relevant advice as to which managerial approach to emphasize for which mode of foreign market entry.
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Mauri A, Song S, Neiva de Figueiredo J. Determinants of Corporate International Expansion Beyond the Home Region: An Empirical Examination of U.S. Multinational Enterprises Expansion to Europe and Asia-Pacific. Global Strategy Journal 2017. [DOI: 10.1002/gsj.1155] [Citation(s) in RCA: 11] [Impact Index Per Article: 1.6] [Reference Citation Analysis] [What about the content of this article? (0)] [Affiliation(s)] [Track Full Text] [Subscribe] [Scholar Register] [Indexed: 12/11/2022]
Affiliation(s)
- Alfredo Mauri
- Department of Management, Haub School of Business; Saint Joseph's University; Philadelphia Pennsylvania
| | - Sangcheol Song
- Department of Management, Haub School of Business; Saint Joseph's University; Philadelphia Pennsylvania
| | - João Neiva de Figueiredo
- Department of Management, Haub School of Business; Saint Joseph's University; Philadelphia Pennsylvania
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Peschken T, Shukla P, Lennon J, Rate S. The role of information alignment and entrepreneurial traits on SME internationalization. Management Research Review 2016. [DOI: 10.1108/mrr-11-2015-0271] [Citation(s) in RCA: 13] [Impact Index Per Article: 1.6] [Reference Citation Analysis] [What about the content of this article? (0)] [Abstract] [Track Full Text] [Subscribe] [Scholar Register] [Indexed: 11/17/2022]
Abstract
Purpose
– The paper aims to explore the internationalisation decision-making of small- and medium-sized enterprise (SME) owner/managers. Specifically, structural alignment theory (SAT) and regulatory focus theory (RFT) are utilised to examine the concept of opportunity recognition in the context of internationalisation choices.
Design/methodology/approach
– This paper is conceptual in nature, and an integrative cognitive model of internationalisation choice decisions is developed based on SAT and RFT, underpinned by a critical review of the international entrepreneurship (IE) literature.
Findings
– Scenarios are identified in which the structure of available information may affect the decision-evaluation process in terms of cognitive resource requirements. Further, the SME owner/manager’s motivational goal orientation is suggested to moderate the role of the information structure in line with IE literature. A conceptual model and propositions are presented.
Research limitations/implications
– The conceptual model and the propositions arising from the discussion in this paper offer new directions of research to explore SME internationalisation.
Originality/value
– This paper offers a cognitive perspective of SME internationalisation. This paper offers insights for policymakers, SME owner/managers, practitioners and researchers alike. For internationalisation decisions, this paper highlights the potential impact of the structure of information that is made available to SME owner/managers by industry or policy bodies; further, the moderating influence of motivational goal orientation may inform policy on how information should be presented to SME owner/managers to aid their decision-making.
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Chung CC, Xiao SS, Lee JY, Kang J. The Interplay of Top-down Institutional Pressures and Bottom-up Responses of Transition Economy Firms on FDI Entry Mode Choices. Manag Int Rev 2016; 56:699-732. [DOI: 10.1007/s11575-015-0256-5] [Citation(s) in RCA: 23] [Impact Index Per Article: 2.6] [Reference Citation Analysis] [What about the content of this article? (0)] [Track Full Text] [Journal Information] [Subscribe] [Scholar Register] [Indexed: 10/23/2022]
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