A Triad of Uppsala Internationalization of Emerging Markets Firms and Challenges: A Systematic Review

Igwe, Paul Agu; Rugara, David Gamariel; Rahman, Mahfuzur

doi:10.3390/admsci12010003

Cited by 12 publications

(3 citation statements)

References 222 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…While some studies (Miocevic & Crnjak-Karanovic, 2010; Koprivnjak et al, 2021;Igwe et al, 2021) have highlighted regulatory barriers as challenges that SMEs often struggle with, these were not emphasized by the respondents in our study. Several factors could be responsible for this.…”

Section: Discussionmentioning

confidence: 64%

See 1 more Smart Citation

“Born global” poduzeća u doba digitalizacije

Drašković,

Fraculj,

Šebek

2024

Management (Split, Online)

View full text Add to dashboard Cite

This study contributes to the general body of knowledge on the born global theory in the specific context of digital marketing agencies. In today’s interconnected digital landscape, driven by rapid technological advancements and evolving market dynamics, many companies across diverse sectors are shifting their growth strategies toward proactive internationalization. This study looks at the determinants and challenges of the internationalization strategies of digital marketing agencies in Croatia. The motivations, obstacles, and strategic choices that guide these agencies on their ‘born global’ journey are explored through a qualitative analysis. The research findings revealed that these agencies are venturing into global markets by taking advantage of competitive pricing, gaining invaluable experience, and expanding their competencies. This experiential learning shapes their strategies and operations and increases their competitiveness. On the other hand, Croatian digital marketing agencies face numerous obstacles to internationalization, including a lack of resources and market information, language barriers, and the complexity of managing remote multicultural teams. To overcome these challenges, agencies employ various strategies, such as utilizing word of mouth and maintaining a physical presence in target countries, emphasizing the importance of adaptability and resource commitment in successful international expansion. In addition, agencies employ direct foreign investment, client-driven regional expansion, and remote working to navigate the complexities and opportunities of international business.

show abstract

Section: Discussionmentioning

confidence: 64%

“…Key challenges include insufficient market knowledge and a domestic focus (Hollensen, 2020; Soares & Ferreira da Silva, 2022). Recent research also points to the institutional-legal environment as a significant obstacle, especially for companies in emerging markets (Igwe et al, 2021).…”

Section: Born Globals and Internationalization Barriersmentioning

confidence: 99%

“Born global” poduzeća u doba digitalizacije

Drašković,

Fraculj,

Šebek

2024

Management (Split, Online)

View full text Add to dashboard Cite

show abstract

“…BRICS represents five major emerging economies of Brazil, Russia, India, China and South Africa (WTO 2019). Similarly, an emerging market is an economy that is moving from developing to developed (or industrial) (Igwe, Rugara, Rahman 2022). The next section explores the literature on the internationalisation motivations and challenges of emerging markets.…”

Section: Introductionmentioning

confidence: 99%

Globalisation Paradox and Economic Competitiveness of Emerging Economies

Igwe,

Rahman

2022

Glocalism

View full text Add to dashboard Cite

The opening-up of BRICS economies (Brazil, Russia, India, China and South Africa) has been regarded as one of the benefits of globalisation. This paper explored the globalisation conundrum and the relationships between internationalisation, economic competitiveness and growth of emerging economies. It examines if there are economic gains and if they are widely shared by revisiting Rodrik’s globalisation paradox and Adam Smith’s propositions on the wealth of the nations and highlighting the difference between economic competitiveness and comparative advantage. This review covered the period between 2006 and 2021 to gain a better understanding of the globalisation paradox. The review suggests that the efficiency gains from trade liberalisation are not equally shared by every country leading to “unbalanced prosperity”. Although the rise of China and India as global superpowers was due to globalisation, many Least Developed Countries (LDCs) are poorer or further behind economically (referred to in this article as “globalised but economically-forsaken”).

show abstract

Corporate governance and the internationalisation of African firms: An institutional investor perspective

Anderhofstadt,

Wesson,

Viviers

2024

Int J Discl Gov

View full text Add to dashboard Cite

The aim of this study was to investigate the impact of corporate governance on the internationalisation of African firms from the perspective of institutional investors. While African firms have significantly expanded their international operations over the past two decades, international business literature has not given the related corporate governance aspects enough attention. In particular, the complex interaction between firm-level corporate governance mechanisms and country-level corporate governance systems has considerable implications for the value creation of internationalisation strategies. To address this research gap, semi-structured interviews were conducted with 24 senior decision-makers of institutional investors operating in South Africa, Botswana, Zambia, Mauritius, Ghana, and Nigeria to gain an unprecedented view of the internationalisation of African firms. Based on the findings of the thematic analysis, this study developed a theoretical framework of high practical relevance that combines the concepts of corporate governance and internationalisation in the dynamic and diverse African context. The study further provides novel insights into the cultural dimension of corporate governance by demonstrating that the outcome of corporate governance practices depends on cultural norms and values across a multinational firm’s international operations.

show abstract

A Triad of Uppsala Internationalization of Emerging Markets Firms and Challenges: A Systematic Review

Cited by 12 publications

References 222 publications

“Born global” poduzeća u doba digitalizacije

“Born global” poduzeća u doba digitalizacije

Globalisation Paradox and Economic Competitiveness of Emerging Economies

Corporate governance and the internationalisation of African firms: An institutional investor perspective

Contact Info

Product

Resources

About