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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-Perez7
Estimated H-index: 7
(EAFIT University),
Juan Velez-Ocampo2
Estimated H-index: 2
(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
Newest
Published on Mar 24, 2015in Journal of Comparative Social Work
Ashatu Hussein2
Estimated H-index: 2
This article refers to a study in Tanzania on fringe benefits or welfare via the work contract1 where we will work both quantitatively and qualitatively. My focus is on the vital issue of combining methods or methodologies. There has been mixed views on the uses of triangulation in researches. Some authors argue that triangulation is just for increasing the wider and deep understanding of the study phenomenon, while others have argued that triangulation is actually used to increase the study acc...
143 Citations
Published on Jan 2, 2014in Review of International Political Economy 2.53
Gary Gereffi44
Estimated H-index: 44
(Duke University)
Contemporary globalization has been marked by significant shifts in the organization and governance of global industries. In the 1970s and 1980s, one such shift was characterized by the emergence of buyer-driven and producer-driven commodity chains. In the early 2000s, a more differentiated typology of governance structures was introduced, which focused on new types of coordination in global value chains (GVCs). Today the organization of the global economy is entering another phase, with transfo...
241 Citations Source Cite
Published on Oct 1, 2013in The Review of Economic Studies 4.46
Oeindrila Dube6
Estimated H-index: 6
(New York University),
Juan F. Vargas11
Estimated H-index: 11
(Del Rosario University)
How do income shocks affect armed conflict? Theory suggests two opposite effects. If labour is used to appropriate resources violently, higher wages may lower conflict by reducing labour supplied to appropriation. This is the opportunity cost effect. Alternatively, a rise in contestable income may increase violence by raising gains from appropriation. This is the rapacity effect. Our article exploits exogenous price shocks in international commodity markets and a rich dataset on civil war in Col...
350 Citations Source Cite
Published on Jan 1, 2013
Larry Allen4
Estimated H-index: 4
From Greece scrambling to meet Eurozone austerity measures to America’s sluggish job growth, there is every indication that the world has not recovered from the economic implosion of 2008. And for many of us, the details of what led to the recession—and why it has continued—remain murky. Economic historian Larry Allen clears up the subject in The Global Economic Crisis , offering an insightful and nonpartisan chronology of events and their consequences. Illuminating the interlocked economic proc...
47 Citations
Published on Aug 1, 2012in Global Strategy Journal 2.12
Alvaro Cuervo-Cazurra32
Estimated H-index: 32
(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...
227 Citations Source Cite
Published on Aug 1, 2012in Global Strategy Journal 2.12
Rajneesh Narula37
Estimated H-index: 37
(University of Reading)
Applying extant IB theory, I argue that initial firm internationalisation is shaped by the interdependence and dynamic interaction between its O assets and the L assets of its home location. Regardless of nationality, the initial O assets of an infant MNE tend to be constrained by the L assets available to them, rather than by their strategy. I also contrast the modus operandi of developing country (DC) infant MNEs with those from advanced economies, highlighting the similarities and differences...
128 Citations Source Cite
Published on Jun 29, 2012in International Journal of Emerging Markets
Francisco Diaz Hermelo3
Estimated H-index: 3
(Austral University),
Roberto Vassolo12
Estimated H-index: 12
Purpose – The purpose of this paper is to examine the magnitude of country, industry and firm‐specific effects for firms competing in emerging economies and also explore differences between high and low performers.Design/methodology/approach – The authors use ANOVA methodologies on samples from firms competing in Latin America between 1990‐2006.Findings – It was found that the firm‐specific effect is the most important one, and relatively equivalent in magnitude to the firm‐specific effects foun...
27 Citations Source Cite
Published on May 25, 2012
Maria Alejandra Gonzalez-Perez7
Estimated H-index: 7
(EAFIT University),
Santiago Gutiérrez-Viana1
Estimated H-index: 1
(EAFIT University)
Purpose - The purpose of this paper is to present a cross-country study comparing Colombia and Vietnam, two of the major coffee exporting countries in the world, in terms of their infrastructures, the roles of external shocks, technology adoption at different stages of production, added value, positioning in both domestic and global markets, internationalisation patterns, marketing and branding innovations, regulatory frameworks, and policy environments. This study also explores other aspects li...
10 Citations Source Cite
Published on May 1, 2012in World Development 3.17
Oscar F. Contreras5
Estimated H-index: 5
(Colef),
Jorge Carrillo9
Estimated H-index: 9
(Colef),
Jorge Alonso5
Estimated H-index: 5
Since the 1980s, Mexico became an attractive location for global automobile assemblers. Geographical proximity and low production costs were associated with high productivity. As this industry became highly concentrated, benefits for the host localities turned into a controversial issue.
25 Citations Source Cite
Published on Mar 1, 2012in Journal of Business Venturing 6.00
Andreea N. Kiss6
Estimated H-index: 6
(University of Groningen),
Wade Danis3
Estimated H-index: 3
(University of Victoria),
S. Tamer Cavusgil60
Estimated H-index: 60
(J. Mack Robinson College of Business)
This article systematically reviews and critically examines international entrepreneurship research in emerging economies (IEEE research), and articulates its importance, timeliness and relevance in consideration of the growing influence of emerging markets in the global economy. A systematic analysis of eighty-eight journal articles published over the last two decades reveals that IEEE research is a vibrant and rapidly growing stream of the broader international entrepreneurship (IE) domain, an...
222 Citations Source Cite
Cited By12
Newest
Published on Sep 3, 2018
Purpose The purpose of this paper is to develop a systematic literature review on the subject of multilatinas during 2007-2017, through a review of 55 papers published in 35 journals. Design/methodology/approach A qualitative technique for conducting a systematic literature review was used. To systematize and make the literature review more accurate, it was divided in four stages: data collection, coding, analysis and interpretation of data. Several tables and figures were developed to provide a...
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Published on Aug 10, 2018in The Multinational Business Review
Alvaro Cuervo-Cazurra32
Estimated H-index: 32
(Northeastern University),
Jorge Carneiro (Fundação Getúlio Vargas)+ 6 AuthorsWilliam Newburry20
Estimated H-index: 20
(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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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 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...
18 Citations Source Cite
Published on Jun 5, 2017
Juan Velez-Ocampo2
Estimated H-index: 2
,
Karthik Govindan1
Estimated H-index: 1
,
Maria Alejandra Gonzalez-Perez7
Estimated H-index: 7
Purpose This theory testing paper compares and analyzes the internationalization process of two Mexican family-owned firms: Xignux and Grupo Alfa. This paper is intended to offer a theoretical understanding using existing frameworks such as OLI (ownership, location and internationalization), LLL (linkage, leverage and learning) and the Uppsala model. Furthermore, it tests whether the theoretical framework of organizational capabilities and international ventures fits the internationalization of ...
2 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 Gomes11
Estimated H-index: 11
(University of Birmingham)
+ 1 AuthorsJohn Child49
Estimated H-index: 49
(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 Newburry20
Estimated H-index: 20
(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
Ruth V. Aguilera34
Estimated H-index: 34
(Ramon Llull University),
Luciano Ciravegna13
Estimated H-index: 13
(INCAE Business School)
+ 1 AuthorsMaria Alejandra Gonzalez-Perez7
Estimated H-index: 7
(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...
15 Citations Source Cite
Published on Jun 1, 2017in Journal of World Business 3.99
Davide Fiaschi10
Estimated H-index: 10
(University of Pisa),
Elisa Giuliani22
Estimated H-index: 22
(University of Pisa),
Federica Nieri2
Estimated H-index: 2
(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...
22 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