Institutional development, economic liberalisation and firm internationalisation

Sonia Ketkar

International Journal of Business and Globalisation, 2012, vol. 9, issue 4, 412-430

Abstract: This study investigates whether differences between developing countries in the extent of institutional development and economic liberalisation explain some variation in the internationalisation patterns of their firms. We suggest that these countries experience a trade-off between inward and outward firm internationalisation decisions. We use a sample of 6,877 firms across 59 developing countries and hierarchical linear modelling to examine the effect of country-level factors on firm internationalisation variables. We find that institutional development is related to outward internationalisation whereas economic liberalisation is associated with inward internationalisation. Younger firms are more likely to take advantage of globalisation opportunities provided by reform.

Keywords: developing countries; institutional development; economic liberalisation; internationalisation patterns; multilevel modelling; globalisation. (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.inderscience.com/link.php?id=50907 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijbglo:v:9:y:2012:i:4:p:412-430

Access Statistics for this article

More articles in International Journal of Business and Globalisation from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().