Research Article
BibTex RIS Cite
Year 2020, Volume: 7 Issue: 4, 202 - 209, 31.12.2020
https://doi.org/10.17261/Pressacademia.2020.1333

Abstract

References

  • Bembom, M., & Schwens, C. (2018). The role of networks in early internationalizing firms: A systematic review and future research agenda. European Management Journal, 36, 679-694.
  • Buckley, P. J. (1976). The future of the multinational enterprise. New York: Holmes and Meier Publishers.
  • Castellani, D., Montresor, S., Schubert, T., & Vezzani, A. (2017). Multinationality, R&D and productivity: Evidence from the top R&D investors worldwide. International Business Review, 26, 405-416.
  • Cavusgil, S., & Knight, G. (2015). The born global firm: An entrepreneurial and capabilities perspective on early and rapid internationalization. Journal of International Business Studies, 46(1), 3-16.
  • Cheng, C., Zhong, H., & Cao, L. (2020). Facilitating speed of internationalization: The roles of business intelligence and organizational agility. Journal of Business Research, 110, 95-103.
  • Chetty, S., Johanson, M., & Martín, O. M. (2014). Speed of internationalization: Conceptualization, measurement and validation. Journal of World Business, 49, 633-650.
  • Ciravegna, L., Kundu, S., Kuivalainen, O., & Lopez, L. (2019). The timing of internationalization – Drivers and outcomes. Journal of Business Research, 105, 322-332.
  • Clercq, D., Sapienza, H., Yavuz, R., & Zhou, L. (2012). Learning and knowledge in early internationalization research: Past accomplishments and future directions. Journal of Business Venturing, 27, 143-165.
  • Contractor, F., Kumar, V., & Kundu, S. (2007). Nature of the relationship between international expansion and performance: The case of emerging market firms. Journal of World Business, 42, 401-417.
  • Dunning, J. H. (1980). Toward an eclectic theory of international production: Some empirical tests. Journal of International Business Studies, 11(1), 9-31.
  • Fletcher, M., Harris, S., & Richey Jr., R. (2013). Internationalization Knowledge: What, Why, Where, and When? Journal of International Marketing, 21(3), 47-71.
  • García-García, R., García-Canal, E., & Guillén, M. (2017). Rapid internationalization and long-term performance: The knowledge link. Journal of World Business, 52, 97-110.
  • Geleilate, J.-M., Magnusson, P., Parente, R., & Alvarado-Vargas, M. (2016). Home Country Institutional Effects on the Multinationality–Performance Relationship: A Comparison Between Emerging and Developed Market Multinationals. Journal of International Management, 22, 380-402.
  • Hilmersson, M., & Johanson, M. (2016). Speed of SME Internationalization and Performance. Management International Review, 56(1), 67-94.
  • Hsieh, L., Child, J., Narooz, R., Elbanna, S., Karmowska, J., Marinova, S., . . . Zhang, Y. (2019). A multidimensional perspective of SME internationalization speed: The influence of entrepreneurial characteristics. International Business Review, 28, 268-283.
  • Jain, N., Celo, S., & Kumar, V. (2019). Internationalization speed, resources and performance: Evidence from Indian software industry. Journal of Business Research, 95, 26-37.
  • Johanson, J., & Vahlne, J.-E. (1977). The Internationalization Process of the Firm-A Model of Knowledge Development and Increasing Foreign Market Commitments. Journal of International Business Studies, 8(1), 23-32.
  • Jones, M., & Coviello, N. (2005). Internationalisation: conceptualising an entrepreneurial process of behaviour in time. Journal of International Business Studies, 36, 284-303.
  • Kabongo, J., & Okpara, J. (2019). Timing and speed of internationalization: Evidence from African banks. Journal of Business Research, 102, 12-20.
  • Lu, J., & Beamish, P. (2004). International Diversification and Firm Performance: The S-Curve Hypothesis. Academy of Management Journal, 47(4), 598-609.
  • Meschi, P.-X., Ricard, A., & Moore, E. (2017). Fast and Furious or Slow and Cautious? The Joint Impact of Age at Internationalization, Speed, and Risk Diversity on the Survival of Exporting Firms. Journal of International Management, 23, 279-291.
  • Musteen, M., Francis, J., & Datta, D. (2010). The influence of international networks on internationalization speed and performance: A study of Czech SMEs. Journal of World Business, 45, 197-205.
  • Oviatt, B., & McDougall, P. (2005). Toward a theory of international new ventures. Journal of International Business Studies, 36, 29-41.
  • Özbay, D., & Taşel , F. (2020). İşletmeler İçin Uluslararasılaşmanın Önemi ve Finansal Performansa Olan Etkisine Yönelik Bir Araştırma. Alanya Akademik Bakış Dergisi, 4(3), 789-805.
  • Riviere, M., & Suder, G. (2016). Perspectives on strategic internationalization: Developing capabilities for renewal. International Business Review, 25, 847-858.
  • Sapienza, H., Autio, E., George, G., & Zahra, S. (2006). A Capabilities Perspective On The Effects Of Early Interantionalization On Firm Survival and Growth. Academy of Management Review, 31(4), 914-933.
  • Surdu, I., & Narula, R. (2020). Organizational learning, unlearning and re-internationalization timing: Differences between emerging- versus developed-market MNEs. Journal of International Management. doi:https://doi.org/10.1016/j.intman.2020.100784
  • Tuppura, A., Saarenketo, S., Puumalainen, K., Jantunen, A., & Kyläheiko, K. (2008). Linking knowledge, entry timing and internationalization strategy. International Business Review, 17, 473-487.
  • Williams, D., & Crook, T. (2021). Unpacking the age at initial internationalization-performance relationship: A meta-analytic investigation. Journal of Business Venturing Insights, 15. doi:https://doi.org/10.1016/j.jbvi.2020.e00210
  • Wood, E., Khavul, S., Perez-Nordvedt, L., Prakhya, S., & Dabrowski, R. (2011). Strategic Commitment and Timing of Internationalization from Emerging Markets: Evidence from China, India, Mexico, and South Africa. Journal of Small Business Management. doi:https://doi.org/10.1111/j.1540-627X.2011.00324.x
  • Wu, A., & Voss, H. (2015). When does absorptive capacity matter for international performance of firms? Evidence from China. International Business Review, 24, 344-351.
  • Zander, I., McDougall-Covin, P., & Rose, E. (2015). Born globals and international business: Evolution of a field of research. Journal of International Business Studies, 46, 27-35.
  • Zucchella, A., Palamara, G., & Denicolai, S. (2007). The drivers of the early internationalization of the firm. Journal of World Business, 42, 268-280

THE IMPORTANCE OF TIMING OF INTERNATIONALIZATION: A LITERATURE REVIEW

Year 2020, Volume: 7 Issue: 4, 202 - 209, 31.12.2020
https://doi.org/10.17261/Pressacademia.2020.1333

Abstract

Purpose - The objective of this study is to focus on the timing of internationalization for enterprises. Timing of entrance to international markets has an important role in terms of the strategies of the firm that are aiming to open up to different markets.
Methodology - The study is conducted using literature review and trying to make an indepth analysis about the importance of timing and internationalization process of companies.
Findings- Entering foreign markets and internationalization is very important for companies. The initiation of internationalization process is a critical decision especially related with the timing of entrance. There may be different consequences of entrance time for international markets. Those consequences may generate risks or opportunities for companies.
Conclusion- Timing of entrance to international markets has an important role in terms of the strategies of the firm that are aiming to open up to different markets. Sometimes businesses may have the advantage of entering earlier to the market and getting the advantage of being first mover by putting their internationalization strategies into practice earlier, but they may also face the risks of some unknown factors related to be the early entrant. On the other side when businesses prefer to enter international markets with a delay, even if it is less costly than entering the market first, it may be possible that this time the timing of entrance will not result in an advantageous market entry strategy. Therefore, in this study, the importance of the timing of entrance to international markets is tried to be emphasized with a literature research.

References

  • Bembom, M., & Schwens, C. (2018). The role of networks in early internationalizing firms: A systematic review and future research agenda. European Management Journal, 36, 679-694.
  • Buckley, P. J. (1976). The future of the multinational enterprise. New York: Holmes and Meier Publishers.
  • Castellani, D., Montresor, S., Schubert, T., & Vezzani, A. (2017). Multinationality, R&D and productivity: Evidence from the top R&D investors worldwide. International Business Review, 26, 405-416.
  • Cavusgil, S., & Knight, G. (2015). The born global firm: An entrepreneurial and capabilities perspective on early and rapid internationalization. Journal of International Business Studies, 46(1), 3-16.
  • Cheng, C., Zhong, H., & Cao, L. (2020). Facilitating speed of internationalization: The roles of business intelligence and organizational agility. Journal of Business Research, 110, 95-103.
  • Chetty, S., Johanson, M., & Martín, O. M. (2014). Speed of internationalization: Conceptualization, measurement and validation. Journal of World Business, 49, 633-650.
  • Ciravegna, L., Kundu, S., Kuivalainen, O., & Lopez, L. (2019). The timing of internationalization – Drivers and outcomes. Journal of Business Research, 105, 322-332.
  • Clercq, D., Sapienza, H., Yavuz, R., & Zhou, L. (2012). Learning and knowledge in early internationalization research: Past accomplishments and future directions. Journal of Business Venturing, 27, 143-165.
  • Contractor, F., Kumar, V., & Kundu, S. (2007). Nature of the relationship between international expansion and performance: The case of emerging market firms. Journal of World Business, 42, 401-417.
  • Dunning, J. H. (1980). Toward an eclectic theory of international production: Some empirical tests. Journal of International Business Studies, 11(1), 9-31.
  • Fletcher, M., Harris, S., & Richey Jr., R. (2013). Internationalization Knowledge: What, Why, Where, and When? Journal of International Marketing, 21(3), 47-71.
  • García-García, R., García-Canal, E., & Guillén, M. (2017). Rapid internationalization and long-term performance: The knowledge link. Journal of World Business, 52, 97-110.
  • Geleilate, J.-M., Magnusson, P., Parente, R., & Alvarado-Vargas, M. (2016). Home Country Institutional Effects on the Multinationality–Performance Relationship: A Comparison Between Emerging and Developed Market Multinationals. Journal of International Management, 22, 380-402.
  • Hilmersson, M., & Johanson, M. (2016). Speed of SME Internationalization and Performance. Management International Review, 56(1), 67-94.
  • Hsieh, L., Child, J., Narooz, R., Elbanna, S., Karmowska, J., Marinova, S., . . . Zhang, Y. (2019). A multidimensional perspective of SME internationalization speed: The influence of entrepreneurial characteristics. International Business Review, 28, 268-283.
  • Jain, N., Celo, S., & Kumar, V. (2019). Internationalization speed, resources and performance: Evidence from Indian software industry. Journal of Business Research, 95, 26-37.
  • Johanson, J., & Vahlne, J.-E. (1977). The Internationalization Process of the Firm-A Model of Knowledge Development and Increasing Foreign Market Commitments. Journal of International Business Studies, 8(1), 23-32.
  • Jones, M., & Coviello, N. (2005). Internationalisation: conceptualising an entrepreneurial process of behaviour in time. Journal of International Business Studies, 36, 284-303.
  • Kabongo, J., & Okpara, J. (2019). Timing and speed of internationalization: Evidence from African banks. Journal of Business Research, 102, 12-20.
  • Lu, J., & Beamish, P. (2004). International Diversification and Firm Performance: The S-Curve Hypothesis. Academy of Management Journal, 47(4), 598-609.
  • Meschi, P.-X., Ricard, A., & Moore, E. (2017). Fast and Furious or Slow and Cautious? The Joint Impact of Age at Internationalization, Speed, and Risk Diversity on the Survival of Exporting Firms. Journal of International Management, 23, 279-291.
  • Musteen, M., Francis, J., & Datta, D. (2010). The influence of international networks on internationalization speed and performance: A study of Czech SMEs. Journal of World Business, 45, 197-205.
  • Oviatt, B., & McDougall, P. (2005). Toward a theory of international new ventures. Journal of International Business Studies, 36, 29-41.
  • Özbay, D., & Taşel , F. (2020). İşletmeler İçin Uluslararasılaşmanın Önemi ve Finansal Performansa Olan Etkisine Yönelik Bir Araştırma. Alanya Akademik Bakış Dergisi, 4(3), 789-805.
  • Riviere, M., & Suder, G. (2016). Perspectives on strategic internationalization: Developing capabilities for renewal. International Business Review, 25, 847-858.
  • Sapienza, H., Autio, E., George, G., & Zahra, S. (2006). A Capabilities Perspective On The Effects Of Early Interantionalization On Firm Survival and Growth. Academy of Management Review, 31(4), 914-933.
  • Surdu, I., & Narula, R. (2020). Organizational learning, unlearning and re-internationalization timing: Differences between emerging- versus developed-market MNEs. Journal of International Management. doi:https://doi.org/10.1016/j.intman.2020.100784
  • Tuppura, A., Saarenketo, S., Puumalainen, K., Jantunen, A., & Kyläheiko, K. (2008). Linking knowledge, entry timing and internationalization strategy. International Business Review, 17, 473-487.
  • Williams, D., & Crook, T. (2021). Unpacking the age at initial internationalization-performance relationship: A meta-analytic investigation. Journal of Business Venturing Insights, 15. doi:https://doi.org/10.1016/j.jbvi.2020.e00210
  • Wood, E., Khavul, S., Perez-Nordvedt, L., Prakhya, S., & Dabrowski, R. (2011). Strategic Commitment and Timing of Internationalization from Emerging Markets: Evidence from China, India, Mexico, and South Africa. Journal of Small Business Management. doi:https://doi.org/10.1111/j.1540-627X.2011.00324.x
  • Wu, A., & Voss, H. (2015). When does absorptive capacity matter for international performance of firms? Evidence from China. International Business Review, 24, 344-351.
  • Zander, I., McDougall-Covin, P., & Rose, E. (2015). Born globals and international business: Evolution of a field of research. Journal of International Business Studies, 46, 27-35.
  • Zucchella, A., Palamara, G., & Denicolai, S. (2007). The drivers of the early internationalization of the firm. Journal of World Business, 42, 268-280
There are 33 citations in total.

Details

Primary Language English
Subjects Business Administration
Journal Section Articles
Authors

Fulya Tasel This is me 0000-0001-6959-5776

Publication Date December 31, 2020
Published in Issue Year 2020 Volume: 7 Issue: 4

Cite

APA Tasel, F. (2020). THE IMPORTANCE OF TIMING OF INTERNATIONALIZATION: A LITERATURE REVIEW. Journal of Management Marketing and Logistics, 7(4), 202-209. https://doi.org/10.17261/Pressacademia.2020.1333

Journal of Management, Marketing and Logistics (JMML) is a scientific, academic, double blind peer-reviewed, quarterly and open-access online journal. The journal publishes four issues a year. The issuing months are March, June, September and December. The publication languages of the Journal are English and Turkish. JMML aims to provide a research source for all practitioners, policy makers, professionals and researchers working in the areas of management, marketing, logistics, supply chain management, international trade. The editor in chief of JMML invites all manuscripts that cover theoretical and/or applied researches on topics related to the interest areas of the Journal. JMML charges no submission or publication fee.


Ethics Policy - JMML applies the standards of Committee on Publication Ethics (COPE). JMML is committed to the academic community ensuring ethics and quality of manuscripts in publications. Plagiarism is strictly forbidden and the manuscripts found to be plagiarized will not be accepted or if published will be removed from the publication. Authors must certify that their manuscripts are their original work. Plagiarism, duplicate, data fabrication and redundant publications are forbidden. The manuscripts are subject to plagiarism check by iThenticate or similar. All manuscript submissions must provide a similarity report (up to 15% excluding quotes, bibliography, abstract, method).


Open Access - All research articles published in PressAcademia Journals are fully open access; immediately freely available to read, download and share. Articles are published under the terms of a Creative Commons license which permits use, distribution and reproduction in any medium, provided the original work is properly cited. Open access is a property of individual works, not necessarily journals or publishers. Community standards, rather than copyright law, will continue to provide the mechanism for enforcement of proper attribution and responsible use of the published work, as they do now.