TY - JOUR
T1 - Pre-liberalization foundations and the FDI-based internationalization of SMEs from emerging markets
AU - Kumari, Sushma
AU - Shirodkar, Vikrant
AU - McGuire, Steven
N1 - Data Availability statement: The data has been collected from Bureau Van Dijk’s Orbis database. Due to the proprietary nature of this database, the data used for this study cannot be made publicly available.
PY - 2023/8
Y1 - 2023/8
N2 - Research on the internationalization of small and medium enterprises based in emerging markets (EM-SMEs) is gaining momentum, yet, less is known about the specific factors that deter EM-SMEs’ from internationalizing via foreign direct investment (FDI). In this paper, using institutional and organizational imprinting perspectives, we argue that EM-SMEs founded in the era prior to market liberalization are less likely to internationalize via FDI than those founded during or after market liberalization. We also argue that this effect is moderated by EM-SMEs’ size and ownership dispersion. Our data used to test our hypotheses is based on 2277 SMEs from 14 emerging markets. Overall, we contribute to an improved understanding of the factors that determine the FDI-based internationalization of SMEs from emerging markets.
AB - Research on the internationalization of small and medium enterprises based in emerging markets (EM-SMEs) is gaining momentum, yet, less is known about the specific factors that deter EM-SMEs’ from internationalizing via foreign direct investment (FDI). In this paper, using institutional and organizational imprinting perspectives, we argue that EM-SMEs founded in the era prior to market liberalization are less likely to internationalize via FDI than those founded during or after market liberalization. We also argue that this effect is moderated by EM-SMEs’ size and ownership dispersion. Our data used to test our hypotheses is based on 2277 SMEs from 14 emerging markets. Overall, we contribute to an improved understanding of the factors that determine the FDI-based internationalization of SMEs from emerging markets.
KW - Emerging markets
KW - Foreign direct investment
KW - Institutional theory
KW - Internationalization
KW - Market-liberalization
KW - Small and medium enterprises
UR - http://www.scopus.com/inward/record.url?scp=85152407512&partnerID=8YFLogxK
U2 - 10.1007/s11575-023-00508-2
DO - 10.1007/s11575-023-00508-2
M3 - Article
AN - SCOPUS:85152407512
VL - 63
SP - 641
EP - 671
JO - Management International Review
JF - Management International Review
SN - 0938-8249
IS - 4
ER -
