Growth and Internationalization: Renewable Energy and New Technology-Based Firms

Christian Schwens, Holger Steinmetz and Rüdiger Kabst
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Christian Schwens: University of Giessen
Holger Steinmetz: the University of Giessen
Rüdiger Kabst: the University of Giessen

A chapter in Innovation and International Corporate Growth, 2010, pp 113-123 from Springer

Abstract: Abstract Due to changing market conditions, a lowering of trade-barriers, and new technological developments, the competitive environment of firms has changed dramatically over the past decade. Consequently, even small firms face increasing international competition from the beginning of their organizational life. The increasing importance of trans-national and multi-national economic activities exposes the firm to a number of opportunities and challenges alike (Schwens, 2008). On the one hand, internationalization offers fundamental market opportunities that help to realize economies of scale and scope; on the other hand, firms experience liabilities of foreignness such as legal, cultural, linguistic or political barriers while internationalizing. Due to the increased international integration of markets, firms have to develop strategies that allow them to develop the domestic market as well as to venture into foreign markets in order to achieve a sustainable firm development.

Keywords: Foreign Direct Investment; Foreign Market; Domestic Market; Entry Mode; International Joint Venture (search for similar items in EconPapers)
Date: 2010
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DOI: 10.1007/978-3-642-10823-5_8

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