Rapid International Expansion Strategy of Emerging Market Enterprises: The Interplay between Speed and Competitive Risks on International performance

Sea-Jin Chang and Jay Hyuk Rhee

No 2007-11, CEI Working Paper Series from Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University

Abstract: Firms 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.

Keywords: incremental internationalization; rapid international expansion strategy; emerging markets; foreign subsidiary survival; foreign direct investment (search for similar items in EconPapers)
Pages: 41 pages
Date: 2007-11
New Economics Papers: this item is included in nep-bec, nep-cse and nep-sea
Note: Running head: Rapid international expansion strategy
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Persistent link: https://EconPapers.repec.org/RePEc:hit:hitcei:2007-11

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