Rapid International Expansion Strategy of Emerging Market Enterprises: The Interplay between Speed and Competitive Risks on International performance
AbstractFirms that internationalize relatively late may pursue rapid internationalization by entering multiple markets simultaneously to reach global scale faster and to capture early mover advantages. These trends run counter to the theory of incremental internationalization. With data on Korean firms' early international expansion experiences, we found evidence that a rapid international expansion strategy enhances firm performance in industries where globalization pressures are high, by firms with less lead-time of their home-country rivals, and in countries where they could be early movers.
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Bibliographic InfoPaper provided by Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University in its series CEI Working Paper Series with number 2007-11.
Length: 41 p.
Date of creation: Nov 2007
Date of revision:
Note: Running head: Rapid international expansion strategy
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incremental internationalization; rapid international expansion strategy; emerging markets; foreign subsidiary survival; foreign direct investment;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-05-10 (All new papers)
- NEP-BEC-2008-05-10 (Business Economics)
- NEP-CSE-2008-05-10 (Economics of Strategic Management)
- NEP-SEA-2008-05-10 (South East Asia)
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