Targeting one’s own region: internationalisation trends of Colombian multinational companies

Published on Oct 7, 2014in European Business Review
· DOI :10.1108/EBR-03-2013-0056
Maria Alejandra Gonzalez-Perez5
Estimated H-index: 5
(EAFIT University),
Juan Velez-Ocampo1
Estimated H-index: 1
(EAFIT University)
Abstract
Purpose – This paper aims to provide an examination of the ongoing internationalisation processes undertaken by 30 major multinational Colombian-owned firms. It also presents a theoretical overview and a conceptual framework for the understanding of internationalisation patterns from emerging countries’ multinational enterprises. Design/methodology/approach – This study is built based both on the results collected from comparative case studies based in the literature and empirical observations of Colombia’s patterns. This study observed the evolution in terms of commitment and investment decisions that 30 major Colombian companies have undergone specially within the past decade. Findings – Although, it was found that direct exports is the widespread entry mode of Colombian companies to foreign markets, most of the observed firms preferred the consolidation in host markets through Mergers & Acquisitions instead of using Greenfield investments or joint ventures. These observations might suggest similarities...
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References90
Published on Jan 1, 2001
Alice H. Amsden23
Estimated H-index: 23
314 Citations
Published on Jan 1, 1980
Michael Quinn Patton25
Estimated H-index: 25
16.7k Citations
Published on Aug 1, 2012in Global Strategy Journal 2.12
Alvaro Cuervo-Cazurra31
Estimated H-index: 31
(College of Business Administration)
I analyze how the study of developing country multinational companies (DMNCs) can help extend theory. The renewed interest in DMNCs has generated a ‘Goldilocks’ debate, with one camp arguing that the analysis of DMNCs is ‘hot’ and requires new theory, another camp arguing that it is ‘cold’ and no new theory is required, and a third camp arguing that it is ‘just right’ and it can be used to extend theory. I follow this third camp and argue that the unique conditions of developing countries influe...
224 Citations Source Cite
Published on Jan 1, 1993
Robert K. Yin14
Estimated H-index: 14
Theory The Role of Theory in Doing Case Studies What is the Case Study Method? What is the Role of Theory in Doing Case Studies Exploratory Case Studies Case Selection and Screening: Criteria and Procedures Causal Case Studies I: Factor Theories Causal Case Studies II: Explanatory Theories Descriptive Scase Studies Conclusions Descriptive Case Studies A Case Study of a Neighborhood Organization Initiation and Structure of the Organization Revitalization Activities and Their Support Relationship ...
4,311 Citations
Andrea Goldstein15
Estimated H-index: 15
(Organisation for Economic Co-operation and Development)
Introduction Trends in 'Southern' Outward FDI Towards an Industry Categorization The New Asian Multinationals 'Multilatinas' Extant Theories and Their Relevance to EMNCs The Role of Governments Some Key Questions Consequences for OECD Governments, Firms and Workers Conclusions: The Way Ahead
120 Citations
Published on Jan 1, 2004in OUP Catalogue
Alice H. Amsden23
Estimated H-index: 23
After World War II a select number of countries outside Japan and the West--those that Alice Amsden calls "the rest"--gained market share in modern industries and altered global competition. By 2000, a great divide had developed within "the rest", the lines drawn according to prewar manufacturing experience and equality in income distribution. China, India, Korea and Taiwan had built their own national manufacturing enterprises that were investing heavily in R&D. Their developmental states had t...
840 Citations
Published on Jan 1, 2009
Ravi Ramamurti17
Estimated H-index: 17
,
Jitendra Vir Singh21
Estimated H-index: 21
List of figures List of tables Abbreviations List of contributors Acknowledgements Part I. Introduction: 1. Why study emerging market MNEs? Ravi Ramamurti 2. Third world multinationals: a look back Louis T. Wells, Jr 3. Theoretical aspects of MNEs from emerging markets Alan Rugman 4. Does firm ownership matter? POEs vs. FOEs in the developing world Alice H. Amsden Part II. Country Studies: 5. Chinese multinationals: emerging through new global gateways Peter Williamson and Ming Zeng 6. Indian mu...
292 Citations Source Cite
Published on Jul 1, 1996in Management International Review 2.28
Yung-Chul Kwon Kwon1
Estimated H-index: 1
,
Michael Y Hu3
Estimated H-index: 3
Among the various foreign market entry modes, export and foreign production have been frequently used by firms. When entering foreign markets, some firms rely on exporting, while others rely on foreign production or both. The sequential process of internationalisation was first suggested by Vernon (1966) as part of his framework of international product life cycle. This concept was later expounded by Johanson and Vahlne (1977). These later authors suggested a chain of internationalisation stages...
42 Citations
Published on Oct 1, 1984
Robert K. Yin14
Estimated H-index: 14
Foreword, by Donald T. Campbell Preface 1. INTRODUCTION: How to Know Whether and When to Use Case Studies as a Research Method The Case Study as a Research Method Comparing Case Studies With Other Research Methods in the Social Sciences Different Kinds of Case Studies, But a Common Definition Summary 2. DESIGNING CASE STUDIES: Identifying Your Case(s) and Establishing the Logic of Your Case Study General Approach to Designing Case Studies Criteria for Judging the Quality of Research Designs Case...
65.1k Citations
Published on Jan 1, 2012in AD-minister
Juanita Castro Olaya1
Estimated H-index: 1
(EAFIT University),
Juliana Castro Olaya1
Estimated H-index: 1
(EAFIT University),
Indira Jaller Cuéter1
Estimated H-index: 1
(University of Strasbourg)
The following paper addresses an issue that has been gaining importance in today’s world: Multilatinas. Those are companies that have emerged from Latin American developing economies and that during the last decades have been growing really fast in the national and the international field. Through this paper we studied the importance of Multilatinas in the region, their common characteristics and their internationalization processes in order to identify if there is a common pattern in their inte...
8 Citations
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Cited By12
Maria Alejandra Gonzalez-Perez5
Estimated H-index: 5
(EAFIT University),
Eva Cristina Manotas2
Estimated H-index: 2
(National University of Colombia),
Luciano Ciravegna12
Estimated H-index: 12
(INCAE Business School)
Abstract The internationalization of firms from emerging markets has been studied mainly from the perspective of large firms. Smaller and younger international firms based in emerging markets suffer from underrepresentation in the literature. This study sheds light on the internationalization of emerging market SMEs, focusing on Colombian textile and apparel exporters. Using mixed research methods, it illustrates the role of firm age in influencing internationalization strategy. It examines 1165...
5 Citations Source Cite
Published on Jun 1, 2017in Journal of World Business 3.99
Ferran Vendrell-Herrero14
Estimated H-index: 14
(University of Birmingham),
Emanuel Gomes10
Estimated H-index: 10
(University of Birmingham)
+ 1 AuthorsJohn Child43
Estimated H-index: 43
(University of Birmingham)
This paper focuses on the internationalization of SMEs located in geographically isolated contexts like Latin America. We argue that strategic priorities towards foreign markets, Foreign Market Focus (FMF), as well as “Outward Looking Competences” (OLC) are important factors in enhancing productivity, and ultimately achieving a sustainable competitive presence abroad. FMF and OLC lay the foundation for setting better international business relations with foreign clients and increase opportunitie...
22 Citations Source Cite
Published on Jun 1, 2017in Journal of World Business 3.99
Armando Juan Borda3
Estimated H-index: 3
,
William Newburry19
Estimated H-index: 19
(Florida International University)
+ 5 AuthorsZulma Quispe1
Estimated H-index: 1
Abstract We explore how a country’s economic openness impacts firm-level signal interpretation when stakeholders assess firm reputation, arguing that host country norms influence the reference frames of assessors. In more open economies, regional MNCs’ international activities are more valued as signals of firm quality–indicating effective cross-border deployment of ownership advantages. Latin America’s unique development trajectory has resulted in groupings of both more open and more restrictiv...
7 Citations Source Cite
Published on Jun 1, 2017in Journal of World Business 3.99
Davide Fiaschi8
Estimated H-index: 8
(University of Pisa),
Elisa Giuliani18
Estimated H-index: 18
(University of Pisa),
Federica Nieri1
Estimated H-index: 1
(University of Pisa)
Abstract As emerging (and developing) country firms internationalize, they often need to build legitimacy to overcome home-country liabilities. We argue that international legitimacy is at risk if these firms do harm in the conduct of their business, and we investigate the extent to which host countries’ speech and press freedoms influence corporate social irresponsibility (CSIR) for a sample of Multilatinas, observed during the period 2003–2012. We do find evidence of lower CSIR among Multilati...
20 Citations Source Cite
Published on Jun 1, 2017in Journal of World Business 3.99
Georgios Batsakis5
Estimated H-index: 5
(Brunel University London),
Alexander T. Mohr15
Estimated H-index: 15
(Vienna University of Economics and Business)
Abstract We examine the contingent effect of existing product diversification on the scope and speed of firms’ subsequent internationalization. Understanding these effects is important because prior research on the product—geographic diversification relationship assumes that the relevant decisions are taken simultaneously. This assumption does not apply to firms that consider international expansion only after having grown domestically through product diversification. Drawing on and extending tr...
3 Citations Source Cite
Published on Jun 1, 2017in Journal of World Business 3.99
Ruth V. Aguilera30
Estimated H-index: 30
(Ramon Llull University),
Luciano Ciravegna12
Estimated H-index: 12
(INCAE Business School)
+ 1 AuthorsMaria Alejandra Gonzalez-Perez5
Estimated H-index: 5
(EAFIT University)
Abstract Latin America is an under-researched region that has the potential to yield new and important insights on the internationalization of firms from emerging markets, particularly as compared with the experience of firms from other regions. At the same time, some of the unique features of Latin America are generating new ideas that contribute to a better understanding of how the home country influences the behavior of firms in general and their foreign expansion in particular. In this artic...
13 Citations Source Cite
Published on Oct 2, 2017in Meditari Accountancy Research
Hugo A. Macias1
Estimated H-index: 1
,
Angelica Farfan-Lievano1
Estimated H-index: 1
(Pontifical Xavierian University)
Purpose The purpose of this paper is to evaluate the implementation of the integrated reporting (IR) framework in a group of Colombian enterprises. Design/methodology/approach This is a multiple-case study in six enterprises that use the IR framework. The selected enterprises, all of which were located in either Bogota or Medellin, were Argos, EEB, EPM, ISA, Nutresa and Ocensa. The authors conducted individual interviews of reporters and performed a documentary analysis. Findings The few Colombi...
17 Citations Source Cite
Published on May 16, 2018in Sustainability 2.08
Jaime-Andres Correa-Garcia1
Estimated H-index: 1
,
Maria-Antonia Garcia-Benau1
Estimated H-index: 1
,
Emma Garcia-Meca1
Estimated H-index: 1
The aim of this paper is to assess stakeholder orientation and corporate social responsibility (CSR) communication strategies in the business groups (BGs) of an emerging economy by means of content analysis. We worked with 30 non-financial BGs taken from the Colombian Stock Exchange. The study uses as its unit of analysis corporate reports that have been classified into four categories: annual reports (ARs), sustainability reports (SRs), combined reports (CRs), and integrated reports (IRs). The ...
4 Citations Source Cite
Published on Aug 10, 2018in The Multinational Business Review
Alvaro Cuervo-Cazurra31
Estimated H-index: 31
(Northeastern University),
Jorge Carneiro (Fundação Getúlio Vargas)+ 6 AuthorsWilliam Newburry19
Estimated H-index: 19
(Florida International University)
Purpose This paper aims to analyze how emerging market firms upgrade their capabilities by focusing on “uncommoditizing strategies” that enable them to achieve levels of international competitiveness beyond the comparative advantages of their home countries and serve markets with premium pricing, quality and reputation of products. Design/methodology/approach In this paper, the authors studied 18 Latin American companies across six countries. Latin America represents an ideal setting because man...
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