Internationalization processes in South-East Asia : An extension or another process?
(2018) p.78-102- Abstract
Internationalization processes of transnational corporations are found to emerge in a stepwise manner. Companies commit themselves through a gradual learning process. Information costs and search costs as well as perceived risks are higher in international than domestic investments (Caves 1982:68-73). Companies tend first to establish themselves in geographically and culturally proximate markets and increase their commitment more and more, starting with agents, and passing through sales companies to manufacturing companies (Johanson and Wiedersheim-Paul 1975): Casual evidence on other source countries confirms the general impression that the bulk of their foreign investment go where the transactional and information-cost disadvantages... (More)
Internationalization processes of transnational corporations are found to emerge in a stepwise manner. Companies commit themselves through a gradual learning process. Information costs and search costs as well as perceived risks are higher in international than domestic investments (Caves 1982:68-73). Companies tend first to establish themselves in geographically and culturally proximate markets and increase their commitment more and more, starting with agents, and passing through sales companies to manufacturing companies (Johanson and Wiedersheim-Paul 1975): Casual evidence on other source countries confirms the general impression that the bulk of their foreign investment go where the transactional and information-cost disadvantages are least: Japan to Southeast Asia … Australia to New Zealand … Sweden to neighboring European countries and the United States … France to French-speaking lands and adjacent European countries (Caves 1982:64).
(Less)
- author
- Jansson, Hans LU
- organization
- publishing date
- 2018-10-26
- type
- Chapter in Book/Report/Conference proceeding
- publication status
- published
- subject
- host publication
- Global Business : Asia-Pacific Dimensions - Asia-Pacific Dimensions
- editor
- Kaynak, Erdener and Lee, Kam-Hon
- pages
- 25 pages
- publisher
- Taylor & Francis
- external identifiers
-
- scopus:85082472994
- ISBN
- 9780429772306
- 9780429430213
- 9781138366619
- DOI
- 10.4324/9780429430213-4
- language
- English
- LU publication?
- yes
- id
- 2cfbe548-2b74-47ec-bb75-e100ad9571f6
- date added to LUP
- 2020-04-30 13:44:47
- date last changed
- 2024-03-04 19:30:49
@inbook{2cfbe548-2b74-47ec-bb75-e100ad9571f6,
abstract = {{<p>Internationalization processes of transnational corporations are found to emerge in a stepwise manner. Companies commit themselves through a gradual learning process. Information costs and search costs as well as perceived risks are higher in international than domestic investments (Caves 1982:68-73). Companies tend first to establish themselves in geographically and culturally proximate markets and increase their commitment more and more, starting with agents, and passing through sales companies to manufacturing companies (Johanson and Wiedersheim-Paul 1975): Casual evidence on other source countries confirms the general impression that the bulk of their foreign investment go where the transactional and information-cost disadvantages are least: Japan to Southeast Asia … Australia to New Zealand … Sweden to neighboring European countries and the United States … France to French-speaking lands and adjacent European countries (Caves 1982:64).</p>}},
author = {{Jansson, Hans}},
booktitle = {{Global Business : Asia-Pacific Dimensions}},
editor = {{Kaynak, Erdener and Lee, Kam-Hon}},
isbn = {{9780429772306}},
language = {{eng}},
month = {{10}},
pages = {{78--102}},
publisher = {{Taylor & Francis}},
title = {{Internationalization processes in South-East Asia : An extension or another process?}},
url = {{http://dx.doi.org/10.4324/9780429430213-4}},
doi = {{10.4324/9780429430213-4}},
year = {{2018}},
}