期刊
JOURNAL OF WORLD BUSINESS
卷 49, 期 1, 页码 12-20出版社
ELSEVIER SCIENCE INC
DOI: 10.1016/j.jwb.2013.04.002
关键词
Emerging economy firms; Exports; FDI; Internationalization process; Resource based view; Institutional theory
类别
An important step in the internationalization process of emerging economy firms is the shift from exports to foreign direct investment (FDI). We integrate the resource- and institution-based views to suggest that firms that can use unique institutional advantages are more likely to make this shift. We test these arguments with a longitudinal sample of 28,563 firm-year observations (1989-2005). We found that firms that are affiliated with a business group, have more firm- and group-level international experience, have more technological and marketing resources, and operate in service industries are more likely to shift from exports to FDI. (C) 2013 Elsevier Inc. All rights reserved.
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