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Endowment of Intangible Resources and Phases of Internationalization in Emerging Economies. The Case of Russia


  • Jardon Carlos

    () (University of Vigo)

  • Molodchik A. Mariya

    () (National Research University Higher School of Economics)


The paper explores the relationship between different types of intangible resources and phases of the internationalization in the context of emerging economies. The Uppsala model is applied to build internationalization index considering export, import and investment activities. The database of more than 2000 Russian companies is used to test the hypotheses put forward. The findings reveal that relational capital has significant positive impact on each stage of internationalization; organizational capital improves internationalization except the last stage of being multinational. Contrary to our expectations human capital has no direct impact on internationalization; notwithstanding it has positive effect on relational and structural capital

Suggested Citation

  • Jardon Carlos & Molodchik A. Mariya, 2015. "Endowment of Intangible Resources and Phases of Internationalization in Emerging Economies. The Case of Russia," HSE Working papers WP BRP 22/IR/2015, National Research University Higher School of Economics.
  • Handle: RePEc:hig:wpaper:22/ir/2015

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    References listed on IDEAS

    1. Donal Crilly, 2011. "Predicting stakeholder orientation in the multinational enterprise: A mid-range theory," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 42(5), pages 694-717, June.
    2. Neugebauer, Andrea, 2003. "Wettbewerbspolitik im institutionellen Wandel am Beispiel USA und Europa," Arbeitspapiere 36, University of Münster, Institute for Cooperatives.
    3. Petr Christine, 2014. "Faire une étude du public," Post-Print halshs-01142906, HAL.
    4. H. Nagaraja & Karthik Bharath & Fangyuan Zhang, 2015. "Spacings around an order statistic," Annals of the Institute of Statistical Mathematics, Springer;The Institute of Statistical Mathematics, vol. 67(3), pages 515-540, June.
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    More about this item


    internationalization; internationalization index; Uppsala model; intangible resources; emerging markets; Russian companies; relational capital; structural capital; human capital; regression analysis;

    JEL classification:

    • Z - Other Special Topics

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