The influence of firm-specific and country-specific advantages in the internationalization of emerging market firms: evidence from Turkey
Yaprak, Attila and Yosun, Turkan and Çetindamar, Dilek (2018) The influence of firm-specific and country-specific advantages in the internationalization of emerging market firms: evidence from Turkey. International Business Review, 27 (1). pp. 198-207. ISSN 0969-5931 (Print) 0962-9262 (Online)
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Official URL: http://dx.doi.org/10.1016/j.ibusrev.2017.07.001
This paper examines the role of institutional factors that enable firm- and country-specific drivers of emerging market (EM) firms’ internationalization based on case-based research conducted in one EM, Turkey. Findings indicate that five firm-specific and five country-specific advantages drove the focal case study firms abroad. The firm-specific factors included financial and operations supremacy; excellence in value chain activities; inexpensive human resources; rapid learning capabilities in production and technology development; and adaptability to foreign markets. The country- specific factors included home-government policies supporting internationalization; logistical advantages arising from geographical position; adaptability capabilities resulting from former survival through institutional voids; strong social ties formed through networks; and availability of low cost resources. These findings are discussed and future research questions are offered.
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