Internationalization theory and Korean multinationals

被引：4

作者：

Erramilli M.K. ^{[1
]}

Srivastava R. ^{[2
]}

Kim S.-S. ^{[3
]}

机构：

[1] Nanyang Business School, Nanyang Technological University

来源：

Asia Pacific Journal of Management | 1999年 / 16卷 / 1期

关键词：

Foreign Direct Investment; Direct Investment; Paper Test; Market Potential; Central Tenet;

D O I：

10.1023/A:1015406118378

中图分类号：

学科分类号：

摘要：

Is the internationalization theory, which has been employed to explain the international expansion patterns of Western firms, equally good for Asian MNCs? Employing South Korean foreign direct investment data from 1973 through 1990, the paper tests two central tenets of the internationalization theory. Results show that physical distance plays a critical role in market selection during the early waves of investment, but economic factors become more important in subsequent waves of investment. Furthermore, the use of majority ownership modes increases over time, but firms appear to 'leapfrog' when the market potential is good. The paper concludes that the internationalization theory could be very useful even in an Asian context, particularly when employed in conjunction with strategic and economic models. © 1999 by John Wiley & Sons (Asia) Ltd.

引用

页码：29 / 45

页数：16

共 37 条

[1] Aharoni Y., The Foreign Investment Decision Process, (1966)
[2] Anderson O., On the internationalization process of firms: A critical analysis, Journal of International Business Studies, 24, 2, pp. 209-211, (1993)
[3] Anderson E., Gatignon H., Modes of entry: A transaction cost analysis and propositions, Journal of International Business Studies, 17, pp. 1-26, (1986)
[4] Benito G.R.G., Gripsrud G., Expansion of foreign direct investments: Discrete rational location choices or a cultural learning process?, Journal of International Business Studies, 23, 3, pp. 461-476, (1992)
[5] Bilkey W., An attempted integration of the literature on the export behavior of the firms, Journal of International Business Studies, 16, 2, pp. 33-46, (1978)
[6] Bilkey W., Tesar G., The export behavior of smaller-sized Wisconsin firms, Journal of International Business Studies, 8, pp. 93-98, (1977)
[7] Calof J., Beamish P., Adapting to foreign markets: Explaining internationalization, International Business Review, 4, 2, (1994)
[8] Cavusgil T.S., On the internationalization process of firms, European Research, pp. 273-281, (1980)
[9] Cavusgil T.S., Nevin J., A conceptualization of the initial involvement in international marketing, Theoretical Developments in Marketing, pp. 68-71, (1984)
[10] Contractor F.J., Ownership patterns of U.S. joint ventures abroad and the liberalization of foreign government regulations in the 1980s: Evidence from the Benchmark Survey, Journal of International Business Studies, 11, pp. 55-74, (1990)

← 1 2 3 4 →