Impact of the Global Crisis on the Internationalization of Estonian Firms: A Case Study

Tiia Vissak

Chapter 12 in Emerging Economies and Firms in the Global Crisis, 2013, pp 292-313 from Palgrave Macmillan

Abstract: Abstract Although it is not possible to predict when economic crises may start and exactly how severe they will be, it is necessary to study their implications as they keep recurring (Caruana et ah, 2000; Grewal et ah, 2007). All firms face the impact of some economic crises, so, although it is not always possible to foresee them, it is important to be prepared (Dubrovski, 2007; Lee and Makhija, 2009) and to develop a clear strategy for dealing with them as companies without the ability to face economic difficulties due to crises may fail more frequently (Beaver and Ross, 2000; Grewal etal, 2007).

Keywords: Foreign Market; Dynamic Capability; Slot Machine; Dollar Exchange Rate; Economic Slowdown (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-27747-3_12

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DOI: 10.1057/9781137277473_12

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