Interaction of home and host countries' institutional conditions: An analysis of greenfield projects by Latin American firms

IF 2.2 Q3 BUSINESS Thunderbird International Business Review Pub Date : 2023-06-19 DOI:10.1002/tie.22360
Jorge Alcaraz, Dominique Mazé, Ricardo E. Buitrago R.
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引用次数: 1

Abstract

Studying firms from emerging economies has been receiving more attention in recent decades. However, the host- and home-country perspectives have allowed understanding, to a significant extent, of the firms' expansion abroad. We argue the necessity of investigating the interaction of home and host-country institutional conditions to advance the understanding of the internationalization strategies of firms from emerging economies. Employing a sample of 1387 firms from 17 Latin American countries, we examine how their operations expanded from 2003 to 2019 by undertaking 2636 cross-border greenfield projects in 94 host countries. Results indicate that the interaction of home and host countries' weak institutional conditions drives the decision-making process for the internationalization of Latin American firms.

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母国和东道国制度条件的相互作用:拉丁美洲公司绿地项目分析
近几十年来,对新兴经济体企业的研究受到了越来越多的关注。然而,东道国和母国的观点在很大程度上可以理解这些公司的海外扩张。我们认为有必要研究母国和东道国制度条件的相互作用,以促进对新兴经济体企业国际化战略的理解。我们以来自17个拉丁美洲国家的1387家公司为样本,通过在94个东道国开展2636个跨境绿地项目,研究了它们在2003年至2019年期间的业务扩张情况。结果表明,母国和东道国弱制度条件的相互作用驱动了拉美企业国际化的决策过程。
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来源期刊
CiteScore
4.30
自引率
9.10%
发文量
73
期刊介绍: Thunderbird International Business Review is a peer-reviewed journal that is published six times a year in cooperation with the Thunderbird School of Global Business Management, the world"s leading institution in the education of global managers. The journal"s aim is to advance and disseminate research in the field of international business. Its main target audience includes academicians and executives in business and government who have an interest in international business.
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