Are firms from developed markets more international than firms from emerging markets?

Berrill, Jenny; Mannella, Giancarlo

doi:10.1016/j.ribaf.2012.04.002

Cited by 10 publications

(19 citation statements)

References 37 publications

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“…Since then the ASEAN region experienced rapid growth in foreign direct investment (Kindra, Strizzi, & Mansor, 1998), and the total value of deals reached its highest level of $135 billion in 2007 (Metwalli & Tang, 2009). Also, authors have looked at growing foreign direct investment by Asian companies (Berrill & Mannella, 2013;Pananond & Zeithaml, 1998). For example, Thailand's CP group utilized internationalization strategy for its survival and growth.…”

Section: Introductionmentioning

confidence: 99%

Long-term performance of mergers and acquisitions in ASEAN countries

Rao‐Nicholson

Salaber

Cao

2016

Research in International Business and Finance

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The study looks at mergers and acquisitions (M&As) in ASEAN countries and examines the post-M&A performance using data from 2001 to 2012. The industry-adjusted operating performance tends to decline in the 3 years following an M&A. Yet, the results suggest that M&As completed during the financial crisis are more profitable than those implemented before and/or after the crisis. We argue that this is mainly due to the synergies created between the firms' resources during the crisis which augur well for firms' economic performance. We find that, during the crisis, certain characteristics of the firms like the relative size of the target, cross-border nature of deals, acquirer's cash reserves and friendly nature of deals are important determinants of long-term post-M&A operating performance.However, for M&As during the crisis, there appears to be no relationship between performance and firms' characteristics linked to M&A activity such as payment method, industry relatedness and percentage of target's share acquired.

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Section: Introductionmentioning

confidence: 99%

Long-term performance of mergers and acquisitions in ASEAN countries

Rao‐Nicholson

Salaber

Cao

2016

Research in International Business and Finance

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“…The scheme employed to asses firms' internationalization level includes internationalization depth (Aggarwal et al, 2011) and the three dimensions suggested by Fernández Olmos and Díez-Vial (2015) and Kuivalainen et al (2012): scope, scale and time. Regarding internationalization depth, as with previous authors (Rugman and Verbeke, 2004;Berrill and Mannella, 2013;Mullen and Berrill, 2015), this study focuses on the level of trade.…”

Section: Methodsmentioning

confidence: 97%

“…In this regard, the most employed classification systems for firms' internationalization level are the multi-nationality classification developed by Rugman and Verbeke's (2004) and the matrix of multi-nationality developed by Aggarwal et al (2011). Results of previous empirical studies find geographic internationalization strategies as mixed, with some arguing that most firms are regionally oriented (Rugman and Verbeke, 2004;Delios and Beamish, 2005;Cerrato, 2009;Sethi, 2009;Rugman, Oh and Lim, 2012;Banalieva and Dhanaraj, 2013;Rugman and Oh, 2013), while others claim that firms are more globally oriented (Osegowitsch and Sammartino, 2008;Aggarwal et al, 2011;Berrill and Mannella, 2013;O'Hagan-Luff and Berrill, 2016).…”

Section: Theoretical Background and Literature Reviewmentioning

confidence: 99%

“…In the past, big companies from developed countries have tapped into the globalization trend by participating in international markets to overcome intense competition in domestic markets and exploit additional sales opportunities. Recently, companies from emerging countries 1 have shown rapid export growth, gaining more occurrence in the global economy, challenging established multinational companies (MNCs) from developed economies (Aulakh, Kotabe and Teegen, 2000;Hoskisson et al, 2000;Aulakh, 2007;Guillén and García-Canal, 2009;Sethi, 2009;Cyrino, Barcellos and Tanure, 2010;Berrill and Mannella, 2013;Bianchi, 2014;Grosse, 2016). Latin American countries such as Chile, Brazil and Argentina have displayed this development .…”

Section: Introductionmentioning

confidence: 99%

“…Despite the fact that "emerging economies represent half of the global gross domestic product (GDP) in terms of PPP and more than the half of the economic growth" (Hermelo Diaz and Vassolo, 2012, p. 264), there is little research on non-developed countries regarding international business (Bianchi and Garcia, 2007;Sethi, 2009;Berrill and Mannella, 2013;Sahaym and Nam, 2013). Overall, research on internationalization strategies has been mainly focused on big MNCs from either developed countries or those Asian countries representing emerging economies but only a few studies have investigated Latin American cases mostly in Mexico and Brazil (e.g.…”

Section: Introductionmentioning

confidence: 99%

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Internationalization paths of fruit export companies from emerging economies

Losilla

Engler

Otter

2019

IJOEM

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There is a continuing debate regarding firms' internationalization pathways and the approaches used for firm categorization, resulting in controversial identification of the degree of firms' globalization. The aim of this paper is to establish a framework to examine the changes in the internationalization strategies of agricultural export companies from emerging economies over time. Thereby seeking to identify conceptual and empirical differences in what is known of export firms acting in non-agricultural sectors in industrialized countries. The matrix of multi-nationality developed by Aggarwal et al. (2011) is extended and tested to classify 233 Chilean fresh fruit exporters according to their internationalization strategies. A longitudinal analysis is conducted over a seven-year period (2009-2015) to explore the dynamics on that internationalization process. Most firms are "transregionally" (65.12%) and "globally" oriented (16.06%), mainly following a linear internationalization path in terms of number of markets but acting more as "born-global" firms in terms of psychic distance. This study provides a more inclusive and nuanced framework than those used in previous studies to classify the level of firms' internationalization. It also contributes to existing literature by studying companies from the agricultural sector in Chile longitudinally, as a prime example of emerging economies from Latin America. AbstractThere is a continuing debate regarding firms' internationalization pathways and the approaches used for firm categorization, resulting in controversial identification of the degree of firms' globalization. The aim of this paper is to establish a framework to examine the changes in the internationalization strategies of agricultural export companies from emerging economies over time. Thereby seeking to identify conceptual and empirical differences in what is known of export firms acting in non-agricultural sectors in industrialized countries. The matrix of multinationality developed by Aggarwal et al. (2011) is extended and tested to classify 233 Chilean fresh fruit exporters according to their internationalization strategies. A longitudinal analysis is conducted over a seven -year period (2009-2015) to explore the dynamics on that internationalization process. Most firms are "transregionally" (65.12%) and "globally" oriented (16.06%), mainly following a linear internationalization path in terms of number of markets but acting more as "born-global" firms in terms of psychic distance. This study provides a more inclusive and nuanced framework than those used in previous studies to classify the level of firms' internationalization. It also contributes to existing literature by studying companies from the agricultural sector in Chile longitudinally, as a prime example of emerging economies from Latin America.

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Legitimacy and Institutional Governance Infrastructure: Understanding Political Risk from a Chinese MNE Perspective

Xia

Liu

2019

The Changing Strategies of International Business

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The Academy of International Business -AIB-UKI Chapter book series is dedicated to publish cutting-edge research in International Business (IB) that is of contemporary relevance and at the cusp of conceptual and empirical development. The socio-political environment within which IB activity takes place is reconfigured and transformed with tremendous speed. This book series seeks to close the time-to-market of new findings and offer a solid evidence base and frameworks that helps to understand these changes. Each of the editions curates the work that exists under a special IB theme, bringing together advances by leading authors in the field.

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Are firms from developed markets more international than firms from emerging markets?

Cited by 10 publications

References 37 publications

Long-term performance of mergers and acquisitions in ASEAN countries

Long-term performance of mergers and acquisitions in ASEAN countries

Internationalization paths of fruit export companies from emerging economies

Legitimacy and Institutional Governance Infrastructure: Understanding Political Risk from a Chinese MNE Perspective

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