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Exploring Firm-Level Antecedents that Drive Motives of Internationalization: A Study of Knowledge Intensive Indian Firms

Published online by Cambridge University Press:  24 April 2020

Faisal M. Ahsan ,
Ashutosh Sinha  and
R Srinivasan
Faisal M. Ahsan*
Affiliation:
Indian Institute of Management, Lucknow, India
Ashutosh Sinha
Affiliation:
Indian Institute of Management, Lucknow, India
R Srinivasan
Affiliation:
Indian Institute of Management, Bangalore, India
*
Corresponding author: Faisal M. Ahsan ([email protected])
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Abstract

We study firm level antecedents that drive different motives of internationalization of emerging economy firms. Based on firm's resource based considerations of asset exploitation versus asset augmentation and locational advantages of host countries, we provide a framework to classify the motives of internationalization of emerging economy firms belonging to knowledge intensive industries. Motives of internationalization have been classified into three broad categories – market-seeking, opportunity-seeking, and strategic asset-seeking. We determine motives behind different modes of internationalization – alliances, acquisitions, and greenfield ventures. Drawing upon the adaptability, amalgamation, and ambidexterity (AAA) advantages from the springboard perspective, we find that firm characteristics like R&D investments, availability of financial slack, firm's ownership structure, and family control shape up its motive of internationalization.

摘要

摘要

我们探讨了影响新型经济体企业不同国际化动机的企业因素。基于对企业资产利用与资产增值的资源考量并考虑到东道国的区位优势，我们提出一个框架对新型经济体中知识密集型企业的国际化动机进行分类。国际化动机分类三个大的类别：市场搜寻，机会搜寻和战略资产搜寻。我们确定了诸如联盟、收购和绿地投资这几类国际化模式背后的不同动机。基于跳板理论中的适应性、融合性和双元性 (AAA)优势，我们发现公司的研发投入、财务宽裕、所有制结构和家庭控制等特征会影响公司的国际化动机。

Аннотация

АННОТАЦИЯ

Мы исследуем предпосылки на уровне компаний, которые движут различными мотивами для интернационализации компаний в странах с развивающейся экономикой. На основе соображений по использованию ресурсов в компании, т.е. эксплуатации активов в сравнении с приумножением активов, а также географическим преимуществам в принимающих странах, мы предлагаем классификацию мотивов для интернационализации наукоемких компаний в странах с развивающейся экономикой. Мотивы для интернационализации были разделены на три широкие категории – освоение рынков сбыта, поиск возможностей и поиск стратегических активов. Мы определяем мотивы для различных способов интернационализации – союзов, приобретений и новых проектов. Опираясь на преимущества адаптивности, амальгамации и амбидекстрии (ААА) с точки зрения теории трамплина, мы обнаруживаем, что такие характерные черты компании, как инвестиции в НИОКР, наличие финансового спада, структура собственности фирмы и контроль со стороны семьи владельцев, формируют мотивы для интернационализации.

Resumen

RESUMEN

Estudiamos los antecedentes a nivel de la empresa que impulsan los diferentes motivos de la internacionalización de empresas de economías emergentes. Basándonos en las consideraciones basadas en recursos empresariales de la explotación de activos frente al aumento de activos y las ventajas de ubicación en los países anfitriones, proporcionamos un marco para clasificar los motivos de la internacionalización de empresas de una economía emergente perteneciente a industrias intensivas en conocimiento. Los motivos de la internacionalización han sido clasificados en tres grandes categorías: búsqueda de mercados, búsqueda de oportunidades, y búsqueda de activos. Determinamos los motivos detrás de los diferentes modos de internacionalización: alianzas, adquisiciones y nuevas empresas. Recurriendo a las ventajas de adaptabilidad, amalgama y ambidexteridad (AAA) de la perspectiva del trampolín, encontramos características de la empresa como las inversiones en I + D, la disponibilidad de holgura financiera, la estructura de propiedad de la empresa y el control familiar configuran el motivo de la empresa para internacionalizarse.

Keywords

emerging economiesinternationalizationlocation advantagesmarket-seekingopportunity-seekingspring board perspectivesstrategic asset-seekingstrategic motives新兴经济国际化，区位优势市场搜寻跳板理论机会搜寻战略资产搜寻战略动机развивающиеся экономикиинтернационализациягеографические преимуществаосвоение рынкатеория трамплинапоиск возможностейпоиск стратегических активовстратегические мотивыeconomías emergentesinternacionalizaciónventajas de ubicaciónbúsqueda de mercadoperspectivas de trampolínbúsqueda de oportunidadbúsqueda de activosmotivos estratégicos
Type
Article
Information
Management and Organization Review , Volume 16 , Issue 4 , October 2020 , pp. 867 - 906
Copyright
Copyright © 2020 The International Association for Chinese Management Research

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Footnotes

Accepted by: Senior Editor Lin Cui

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