Market Timing and Internationalization Decisions: A Contingency Perspective

Yuan, Lin; Qian, Xiaolin; Pangarkar, Nitin

doi:10.1111/joms.12181

Cited by 21 publications

(6 citation statements)

References 97 publications

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“…Financial constraints can force MNEs to not only refrain from foreign market entry but may prompt divestitures from existing foreign operations. In addition, MNEs can strategically reduce the cost of financing, for instance by exploiting financial market imperfections, to facilitate internationalization (Yuan, Qian, & Pangarkar, 2016). These findings are consistent with the main themes regarding financial resources from the IPO and the SME internationalization literatures.…”

Section: Research Hypothesessupporting

confidence: 83%

The impact of initial public offerings on SMEs’ foreign investment decisions

et al. 2022

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This study aims to bridge the research on the internationalization of small- and medium-sized enterprises (SMEs) with the literature on initial public offerings (IPOs). It investigates how IPOs affect SMEs’ foreign investment decisions as they internationalize. We argue that IPOs enable SMEs to engage in a period of accelerated foreign expansion, resulting in a wave-like pattern, as suggested by Håkanson and Kappen’s (J Int Bus Stud 48(9):1103–1113, 2017) ‘Casino model’ of internationalization. We also propose that there will be a post-IPO shift in SMEs entering less familiar locations and towards taking higher ownership stakes in new subsidiaries. We use a difference-in-differences design combined with coarsened exact matching to isolate the effects of IPOs. Our analysis of overseas investments by a matched sample of newly listed Japanese manufacturing SMEs and their private counterparts provides strong evidence that SMEs accelerate the pace of establishing new foreign subsidiaries after going public. The results also reveal nuanced changes in the location and ownership patterns in the post-IPO period. This study identifies the IPO as a significant antecedent to SME foreign expansion and offers a new explanation for intertemporal variance in the pace, direction, and commitment of the SME internationalization process.

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Section: Research Hypothesessupporting

confidence: 83%

The impact of initial public offerings on SMEs’ foreign investment decisions

et al. 2022

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“…Third, we carried out additional analyses with alternative performance variables in our second stage. Specifically, we introduced the multinationals' market-to-book ratio as an alternative dependent variable since prior literature has also considered that it captures the long-term performance (e.g., Yuan, Qian, and Pangarkar, 2016). The resulting estimates exhibited patterns of significance similar to those reported for the Tobin's q.…”

Section: Robustness Checksmentioning

confidence: 88%

Rapid internationalization and long-term performance: The knowledge link

García‐García

Canal

Guillén

2017

Journal of World Business

116

106

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Drawing on the knowledge-based view and organizational learning theory, we develop and test a set of hypotheses to provide a first attempt at analyzing the effect of speed of internationalization on long-term performance. Using a panel-data sample of Spanish listed firms (1986-2010), we find that there is an inverted U-shaped relationship between speed of internationalization and long-term performance. We also find that whereas technological knowledge steepens this relationship, the diversity of prior international experience flattens it. Our results contribute to the existing IB literature on the performance of FDI, crosscountry knowledge transferability, and non-sequential entry.

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“…Hierarchical culture enforces conventional rules and practices that offers reduced flexibility for responding to uncertain situations. The contingency perspective emphasizes informal structures and procedures to provide a positive response to uncertainties (Yuan et al , 2016; Jiang et al , 2016). As a dynamic capability, resilience is more directed to meet contingencies and sustain operations at an optimal level.…”

Section: Hypotheses Developmentmentioning

confidence: 99%

The influence of organizational culture on healthcare supply chain resilience: moderating role of technology orientation

Мандал

2017

JBIM

112

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Purpose This paper aims to explore the influence of dimensions of organizational culture, namely, development culture, group culture, rational culture and hierarchical culture, on healthcare supply chain resilience (HCRES). Further, the study explored the moderating role of technology orientation on organizational culture dimensions and healthcare resilience linkages. Design/methodology/approach The study adopted a multi-unit study of different hospital supply chains (SCs). Consequently, perceptual data were gathered from seven dominant entities in a typical medical/hospital SC: hospitals, hotels, chemistry and pharmaceutical, marketing/public relations/promotion, medical equipment manufacturers and surgical suppliers, food and beverage providers (i.e. restaurants) and insurance providers. The responses were gathered using online survey and were analyzed using structural equation modeling. Findings Based on 276 completed responses, positive influences were found for development, group and rational cultures on HCRES. As expected, a negative influence of hierarchical culture was found on HCRES. Further, technological orientation was found to enhance the positive effects of development, group and rational cultures on HCRES. However, no prominent moderation was noted for hierarchical culture’s influence on HCRES. The findings suggested managers to focus more on developing competing values framework (CVF)-based dimensions of organizational culture dimensions for effective risk mitigation so as to provide healthcare services in a timely manner to patients. Originality/value The study is the first to investigate the effects of organizational culture’s dimensions on resilience. The study has empirically established the association between CVF view and dynamic capabilities. The study underlined the importance of resilience in healthcare SCs. Resilience is an important dynamic capability in healthcare SCs to provide uninterrupted treatments and services to patients. Any failure in such a service can be fatal. Further, the study developed the measures of development, group, rational and hierarchical culture for further investigation in healthcare. This study is also the first to develop a measure for resilience in the healthcare sector.

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Market Timing and Internationalization Decisions: A Contingency Perspective

Cited by 21 publications

References 97 publications

The impact of initial public offerings on SMEs’ foreign investment decisions

The impact of initial public offerings on SMEs’ foreign investment decisions

Rapid internationalization and long-term performance: The knowledge link

The influence of organizational culture on healthcare supply chain resilience: moderating role of technology orientation

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