𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Internationalization revisited: the big step hypothesis

✍ Scribed by Torben Pedersen; J. Myles Shaver

Publisher
Wiley (John Wiley & Sons)
Year
2011
Tongue
English
Weight
161 KB
Volume
1
Category
Article
ISSN
2042-5791

No coin nor oath required. For personal study only.

✦ Synopsis

Abstract

We refine internationalization theory by hypothesizing that international expansion is a discontinuous process characterized by an initial ‘big step.’ Firms have to build an infrastructure (e.g., architecture, management systems, and mind‐set) to support international operations the first time they venture abroad, and subsequent international operations are able to leverage this infrastructure. Thus, we hypothesize that the internationalization process is characterized by: (1) firms taking a long period to make their first international investment; and (2) firms taking shorter but constant periods for subsequent investments. We examine the international expansion activities of 176 Danish firms and find support for these arguments.

📜 SIMILAR VOLUMES

The iceberg hypothesis revisited
The iceberg hypothesis revisited
✍ Bárbara S. Lancho-Barrantes; Vicente P. Guerrero-Bote; Félix Moya-Anegón 📂 Article 📅 2010 🏛 Springer Netherlands 🌐 English ⚖ 587 KB
The new head hypothesis revisited
The new head hypothesis revisited
✍ R. Glenn Northcutt 📂 Article 📅 2005 🏛 John Wiley and Sons 🌐 English ⚖ 721 KB

In 1983, a new theory, the New Head Hypothesis, was generated within the context of the Tunicate Hypothesis of deuterostome evolution. The New Head Hypothesis comprised four claims: (1) neural crest, neurogenic placodes, and muscularized hypomere are unique to vertebrates, (2) the structures derived

The forward rate unbiasedness hypothesis
The forward rate unbiasedness hypothesis revisited
✍ W.A. Razzak 📂 Article 📅 2002 🏛 John Wiley and Sons 🌐 English ⚖ 233 KB

## Abstract It is widely accepted that long‐term interest rates are more suitable for testing the Uncovered Interest Rate Parity (UIP) than shorter‐term rates. This paper shows that while using longer‐term (1‐year) forward exchange rates are also more suitable than shorter‐term rates (1‐month) for