The influence of firm-specific and country-specific advantages in the internationalization of emerging market firms: Evidence from Turkey

Attila Yaprak, Turkan Yosun and Dilek Cetindamar

International Business Review, 2018, vol. 27, issue 1, 198-207

Abstract: This paper examines the role of institutional factors that enable firm- and country-specific drivers of emerging market (EM) firms’ internationalization based on case-based research conducted in one EM, Turkey. Findings indicate that 10 major factors comprised of firm-specific and country-specific advantages drove the focal case study firms abroad: the firm-specific factors ranged from financial and operations supremacy; excellence in value chain activities; inexpensive human resources; rapid learning capabilities in production and technology development; and adaptability to foreign markets; while the country-specific factors included home-government policies supporting internationalization; logistical advantages arising from geographical position; adaptability capabilities resulting from former survival through institutional voids; strong social ties formed through networks; and availability of low cost resources. These findings are discussed and future research questions are offered.

Keywords: Firm-specific advantages; Country-specific advantages; Internationalization of emerging market firms; Turkey (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (16)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:iburev:v:27:y:2018:i:1:p:198-207

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DOI: 10.1016/j.ibusrev.2017.07.001

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