Analysis of the Entry Mode Choice from Both Transaction Costs and Resource Based Theory
Analysis of the Entry Mode Choice from Both Transaction Costs and Resource Based Theory
##plugins.themes.bootstrap3.article.main##
La liberación de los mercados abrió las puertas a la expansión e incrementó el nivel de competencia en numerosos mercados. Esto explica que las compañías se estén diversificando cada vez más a través de las fronteras nacionales. Este fenómeno está relacionado con el emprendimiento internacional puesto que la internacionalización es un ejemplo de un cambio de estrategia que puede ser definido como un acto emprendedor. En este contexto, los académicos en el campo de los negocios internacionales han dado respuesta básicamente a tres preguntas: por qué, dónde y cómo se internacionalizan las compañías. Debido a que la presente investigación trata sobre la sección de modos de entrada, el enfoque es claramente sobre el ‘cómo’. La selección del modo de entrada
constituye una de las decisiones más críticas para el éxito de la estrategia internacional. Esta investigación analiza la selección del modo de entrada tanto desde la perspectiva de los costos de transacción como desde la teoría de los recursos y las capacidades, ya que estas perspectivas usan y consideran diferentes supuestos. Dado lo anterior, hacemos 4 proposiciones relacionadas con el estudio de la selección del modo de entrada a partir de los costos de transacción y la teoría de los recursos y las capacidades.
Descargas
##plugins.themes.bootstrap3.article.details##
Acs, Z., Dana, L.P. and Jones, M.V. (2003). Toward New Horizons: The Internationalization of Entrepreneurship Journal of International Entrepreneurship, 1, 5-12.
Adaman, F. and Devine, P. (2002). A Reconsideration of the Theory of Entrepreneurship: A Participatory Approach. Review of Political Economy, 14 (3), 329-355.
https://doi.org/10.1080/09538250220147877
Aguilera, J. et al. (2011). La influencia de la diversificación y experiencia internacional en la estrategia medioambiental proactiva de las empresas. Investigaciones Europeas de Dirección y Economía de la Empresa, 17 (1), 75-91.
https://doi.org/10.1016/S1135-2523(12)60045-8
Andersen, T.J. (2012). Multinational risk and performance outcomes: Effects of knowledge intensity and industry context. International Business Review, 21 (2), 239-252.
https://doi.org/10.1016/j.ibusrev.2011.02.005
Anderson, E. and Gatignon, H. (1986). Modes of Foreign Entry: A Transaction Cost Analysis and Propositions. Journal of International Business Studies, 17 (3), 1-26.
https://doi.org/10.1057/palgrave.jibs.8490432
Andersson, S. (2000). The Internationalization of the Firm from an Entrepreneurial Perspective. International Studies of Management and Organizations, 30 (1), 63-92.
https://doi.org/10.1080/00208825.2000.11656783
Añón, H.D. and Manjón, A.M. (2009). Does Internationalization Alter the R&D, Productivity Relationship? Tarragona, España: Universidad Rovira i Virgili.
Barney, J.B. (1991). Firm Resources and Sustainable Competitive Advantage. Journal of Management, 17 (1), 99-120.
https://doi.org/10.1177/014920639101700108
Beamish, P.W. (1990). The internationalization process for smaller Ontario firms: A research agenda. En Rugman, M. (Ed.), Research in Global Strategic Management: International Business Research for the Twenty-First century; Canada's New Research Agenda (pp. 77-92). Stamford, USA: Jai Pr.
Bellak, C. and Chaisse, J. (2011). Do Bilateral Investment Treaties Promote Foreign Direct Investment? Preliminary Reflections on a New Methodology. Transnational Corporations Review, 3 (4), 3-11.
https://doi.org/10.1080/19186444.2011.11658306
Binda, V. (2009). La internacionalización de la empresa española en perspectiva histórica. Revista ICE, 849, 9-26.
Bloodgood, J., Sapienza, H. and Almeida, J.G. (1997). The Internationalization of New High-Potential U.S. Ventures: Antecedents and Outcomes. Entrepreneurship Theory & Practice, 20, 61-76.
https://doi.org/10.1177/104225879602000405
Bobillo, A.M., López-Iturriaga, F. and Tejerina-Gaite, F. (2008). International Diversification and Firm Performance: An International Analysis. The Business Review, 9 (2), 84-91.
Bobillo, A.M., López-Iturriaga, F. and Tejerina-Gaite, F. (2012). The Effects of International Diversification on Firm Performance: An Empirical Study across Twelve European Countries. International Journal of Management, 29 (4), 531-542.
Buckley, P.J. and Casson, M.C. (1998). Analyzing foreign market entry strategies: Extending the internalization approach. Journal of International Business Studies, 29 (3), 539-562.
https://doi.org/10.1057/palgrave.jibs.8490006
Burgel, O. and Murray, G. (2000). The International Market Entry Choices of Start-Up Companies in High-Technology Industries. Journal of International Marketing, 8 (2), 33-62.
https://doi.org/10.1509/jimk.8.2.33.19624
Camisón, C. (2007). Bases organizativas de la internacionalización y la competitividad de la empresa española: dinámica en las dos últimas décadas. Revista ICE, 838, 59-100.
Capron, L., Dussauge, P. and Mitchell, W. (1998). Resource Redeployment following horizontal acquisitions in Europe and North America. Strategic Management Journal, 19, 631-661.
https://doi.org/10.1002/(SICI)1097-0266(199807)19:7<631::AID-SMJ963>3.0.CO;2-9
Caruana, A., Morris, M. and Vella, A. (1998). The Effect of Centralization and Formalization on Entrepreneurship in Export Firms. Journal of Small Business Management, 36 (1), 16-29.
Chang, S.J. (1995). International Expansion Strategy of Japanese Firms: Capability Building through Sequential Entry. Academy of Management Journal, 38 (2), 383-407.
https://doi.org/10.5465/256685
Chang, S.J. and Rosenzweig, P.M. (2001). The choice of entry mode in sequential foreign direct investment. Strategic Management Journal, 22, 747-776.
https://doi.org/10.1002/smj.168
Chen, H. and Chen, T.J. (1998). Network linkages and location choice in foreign direct investment. Journal of International Business Studies, 29 (3), 445-467.
https://doi.org/10.1057/palgrave.jibs.8490002
Chow, C. and Fung, M. (1996). Firm dynamics and industrialization in the Chinese economy in transition: Implications for small business policy. Journal of Business Venturing, 11 (6), 489-505.
https://doi.org/10.1016/S0883-9026(96)00019-5
Cieślik, J., Kaciak, E. and Welsh, D.H.B. (2010). The strategic effect of early internationalization on survival, consistency, and growth of export sales in small/medium sized enterprises. Journal of Small Business Strategy, 21 (4), 39-64.
Covin, J.G. and Slevin, D.P. (1988). The Influence of Organization Structure on the Utility of an Entrepreneurial Top Management Style. Journal of Management Studies, 25 (3), 217-234.
https://doi.org/10.1111/j.1467-6486.1988.tb00033.x
Cuypers, I. and Martin, X. (2010). What makes and what does not make a real option? A study of equity shares in international joint ventures. Journal of International Business Studies, 41, 47-69.
https://doi.org/10.1057/jibs.2009.17
Dastidar, P. (2009). International corporate diversification and performance: Does firm self-selection matter? Journal of International Business Studies, 40 (1), 71-85.
https://doi.org/10.1057/palgrave.jibs.2008.57
Davidson, W.H. and McFetridge, D.G. (1985). Key characteristics in the choice of international technology transfer mode. Journal of International Business Studies, 16 (2), 5-21.
https://doi.org/10.1057/palgrave.jibs.8490448
Dess, G., Lumpkin G. and Covin, J. (1997). Entrepreneurial Strategy Making and Firm Performance: Test of Contingency and Configurational Models. Strategic Management Journal, 18 (9), 677-695.
https://doi.org/10.1002/(SICI)1097-0266(199710)18:9<677::AID-SMJ905>3.0.CO;2-Q
Dicken, P. (1992). Global shift: The internationalization of economic activity. London, England: Paul Chapman Pub.
Dimitratos, P. and Plakoyiannaki, E. (2003). Theoretical Foundations of an International Entrepreneurial Culture. Journal of International Entrepreneurship, 1 (2), 187-215.
https://doi.org/10.1023/A:1023804318244
Dunning, J.H. (1993). The Internationalization of the Production of Services: Some General and Specific Explanations. En Aharoni, Y. (Ed.), Coalitions and Competition: The Globalization of Professional Services (pp. 78-101). London, England: Routledge.
Dunning, J.H. (1998). Location and the multinational enterprise: A neglected factor? Journal of International Business Studies, 29 (1), 45-66.
https://doi.org/10.1057/palgrave.jibs.8490024
Dunning, J.H. (2001). The Key Literature on IB Activities: 1960-2000. En Rugman, A.M. and Brewer, T.L. (Ed.), The Oxford Handbook of International Business (pp. 36-68). New York, USA: Oxford University Press.
https://doi.org/10.1093/0199241821.003.0002
Dunning, J.H. (2002). Global Capitalism, FDI and competitiveness. Cheltenham, England: Edward Elgar
https://doi.org/10.4337/9781843767060
Flores, R. and Aguilera, R. (2007). Globalization and location choice: An analysis of US multinational firms in 1980 and 2000. Journal of International Business Studies, 38 (7), 1187-1210.
https://doi.org/10.1057/palgrave.jibs.8400307
Fusari, A. (1996). Paths of economic development: modeling factors of endogenous growth. International Journal of Social Economics, 23 (10/11), 164-191.
https://doi.org/10.1108/03068299610149525
Gamboa, E.C. and Brouthers, L.E. (2008). How International is Entrepreneurship? Entrepreneurship Theory and Practice, 551-558.
https://doi.org/10.1111/j.1540-6520.2008.00240.x
Gatignon, H. and Kimberly, J.R. (2004). Globalization and Its Challenges. En Gatignon, H., Kimberly, J.R. and Gunther, R.E. (Ed.), The INSEAD-Wharton Alliance on Globalizing: Strategies for Building Successful Global Business (pp. 1-22). Cambridge, England: Cambridge University Press.
https://doi.org/10.1017/CBO9780511522093.002
Guillén, M. and García-Canal, E. (2009). La presencia de la empresa española en el exterior. Madrid, España:ICEX.
Hagemejer, J. and Kolasa, M. (2011). Internationalisation and Economic Performance of Enterprises: Evidence from Polish Firm-Level Data. The World Economy, 34, 74-100.
https://doi.org/10.1111/j.1467-9701.2010.01294.x
Harzing, A.W. and Sorge, A.M. (2003). The relative impact of country-of-origin and universal contingencies on internationalization strategies and corporate control in multinational enterprises: World-wide and European perspectives. Organization Studies, 24 (2), 187-214.
https://doi.org/10.1177/0170840603024002343
Held, D. and McGrew, A. (2000). The Global Transformations Reader: An Introduction to the Globalization Debate. Cambridge, England: Polity Press.
Henisz, W.J. and Delios, A. (2001). Uncertainty, imitation and plant location: Japanese multinational corporations, 1990-1996. Administrative Science Quarterly, 46 (3), 443-475.
https://doi.org/10.2307/3094871
Hill, C. (2001). Negocios internacionales: competencia en un mercado global. Ciudad de México, México: McGraw-Hill.
Hill, C.W.L., Hwang, P. and Kim, W.C. (1990). An Eclectic Theory of the Choice of International Entry Mode.Strategic Management Journal, 11 (2), 117-128.
https://doi.org/10.1002/smj.4250110204
Hitt, M.A., Hoskisson, K. and Shimizu, K. (2006). The importance of resources in the internationalization of professional service firms: The good, the bad and the ugly. Academy of Management Journal, 49 (6), 1137-1157.
https://doi.org/10.5465/amj.2006.23478217
Hitt, M.A., Ireland, R.D. and Hoskisson, R.E. (2007). Strategic management: Competitiveness and globalization.Mason, USA: South-Western.
Horn, J.T., Lovallo, D. and Viguerie, P. (2005). Beating the odds in market entry. McKinsey Quarterly, 4, 35-45.
Horst, T. (1972). Firm and industry determinants of the decision to invest abroad: An empirical study. Review of Economics and Statistics, 54 (3), 258- 266.
https://doi.org/10.2307/1937986
Jennings, D.F. and Young, D.M. (1990). An Empirical Comparison between Objective and Subjective Measures of the Product Innovation Domain of Corporate Entrepreneurship. Entrepreneurship Theory & Practice, 15 (1), 53-66.
https://doi.org/10.1177/104225879001500106
Johanson, J. and Vahlne, J.E. (1990). The mechanisms of Internationalisation. International Marketing Review, 7 (4), 11-24.
https://doi.org/10.1108/02651339010137414
Jones, M.V. and Coviello, N.E. (2005). Internationalization: Conceptualizing an Entrepreneurial Process of Behaviour in Time. Journal of International Business Studies, 36 (3), 284-303.
https://doi.org/10.1057/palgrave.jibs.8400138
Keller, W. (2000). Do trade patterns and technology flows affect productivity growth? World Bank Economic Review, 14 (1), 17-47.
https://doi.org/10.1093/wber/14.1.17
Kim, H., Hoskisson, R.E. and Lee, S.H. (2015). Why strategic factor markets matter: "New" multinationals' geographic diversification and firm profitability. Strategic Management Journal, 36, 518-536.
https://doi.org/10.1002/smj.2229
Kirca, A.H. et al. (2012). A multilevel examination of the drivers of firm multinationality: A meta-analysis. Journal of Management, 38 (2), 502-530.
https://doi.org/10.1177/0149206310369177
Knight, G.A. (2000). Entrepreneurship and Marketing Strategy: The SME under Globalization. Journal of International Marketing, 8 (2), 12-32.
https://doi.org/10.1509/jimk.8.2.12.19620
Laanti, R., Gabrielsson, M. and Gabrielsson, P. (2007). The globalization strategies of business-to-business born global firms in the wireless technology industry. Industrial Marketing Management, 36 (8), 1104-1117.
https://doi.org/10.1016/j.indmarman.2006.10.003
Lessard, D.R. (2003). Frameworks for Global Strategic Analysis. Journal of Strategic Management Education,1 (1), 81-92.
Li, J. and Li, Y. (2010). Flexibility versus commitment: MNEs' ownership strategy in China. Journal of International Business Studies, 41 (9), 1550-1571.
https://doi.org/10.1057/jibs.2010.25
Loree, D. and Guisinger, S.E. (1995). Policy and non-policy determinants of US equity foreign direct investment.Journal of International Business Studies, 26 (2), 281-299.
https://doi.org/10.1057/palgrave.jibs.8490174
Lu, J.W. and Beamish, P.W. (2001). The internationalization and performance of SMEs. Strategic Management Journal, 22 (6-7), 565-586.
https://doi.org/10.1002/smj.184
Madhok, A. (1997). Cost, Value, and Foreign Market Entry Mode: The Transaction and the Firm. Strategic Management Journal, 18, 39-61.
https://doi.org/10.1002/(SICI)1097-0266(199701)18:1<39::AID-SMJ841>3.0.CO;2-J
Mendoza, X. and Vives, L. (2008). De la internacionalización a la multinacionalización de la empresa: marcos teóricos para su análisis estratégico. La expansión de la multinacional española: estrategias y cambios Organizativos. Barcelona, España: ESADE, ICEX.
Mendoza, X. and Vives, L. (2010). Las empresas españolas internacionalizadas: una aproximación cuantitativa. En Puig, P. (ed.), La multinacional española ante un nuevo escenario internacional (pp. 87-121). Barcelona, España: ESADE, ICEX.
Miles, M.P. and Arnold, D.R. (1991). The Relationship between Marketing Orientation and Entrepreneurial Orientation. Entrepreneurship Theory & Practice, 15 (4), 49-65.
https://doi.org/10.1177/104225879101500407
Miller, D. and Friesen, P.H. (1983). Strategy Making and Environment: The Third Link. Strategic Management Journal, 4, 221-235.
https://doi.org/10.1002/smj.4250040304
Miller, D. and Friesen, P.H. (1984). A Longitudinal Study of the Corporate Life Cycle. Management Science, 30 (10), 1161-1183.
https://doi.org/10.1287/mnsc.30.10.1161
McDougall, P.P. and Oviatt, B.M. (2000). International entrepreneurship: The intersection of two research paths. Academy of Management Journal, 43 (5), 902-906.
https://doi.org/10.2307/1556418
Morris, M., Avila, R. and Allen, J. (1993). Individualism and the Moderns Corporation, Implications for Innovation and Entrepreneurship. Journal of Management, 19 (3), 595-612.
https://doi.org/10.1177/014920639301900305
Nachum, L. and Zaheer, S. (2005). The persistence of distance? The impact of technology on MNE motivations for foreign investment. Strategic Management Journal, 26 (8), 747-767.
https://doi.org/10.1002/smj.472
Oviatt, B.M. and McDougall, P.P. (1994). Toward a Theory of International New Venture. Journal of International Management Business Studies, 25 (1), 45-64.
https://doi.org/10.1057/palgrave.jibs.8490193
Peng, M.W. (2001). The Resource-Based View and International Business. Journal of Management, 27 (6), 803-829.
https://doi.org/10.1177/014920630102700611
Pla-Barber, J., Sánchez, E. and Madhok, A. (2010). Investment and Control Decisions in Foreign Markets: Evidence from Service Industries. British Journal of Management, 21, 736-753.
https://doi.org/10.1111/j.1467-8551.2010.00698.x
Prahalad, C.K. and Lieberthal, K. (1998). The end of corporate imperialism. Harvard Business Review, 76 (4), 68-79.
Prokesch, S.E. (1997). Unleashing the power of learning: An interview with British Petroleum's John Browne. Harvard Business Review, 75 (5), 146-168.
Räisänen, J.A. (2003). Evolution of Internationalization Theories Related to the Born Global Concept. Helsinki, Finland: Helsinki University of Technology.
Rashid, A., Aziz, A. and Wong, S.S. (2010). Exploring the internationalization of Malaysian contractors: The international entrepreneurship dimension. Construction Management and Economics, 28 (1), 51-61.
https://doi.org/10.1080/01446190903460680
Reid, S. and Rosson, P. (1987). Managing Export Entry and Expansion: An Overview. En Reid, S. and Rosson, P. (Ed.), Managing Export Entry and Expansion. New York, USA: Praeger.
Reuer, J. and Ragozzino, R. (2011). The Choice Between Joint Ventures and Acquisitions: Insights from Signaling Theory. Organization Science, 23 (4), 1-16.
https://doi.org/10.2139/ssrn.785905
Root, F.R. (1983). Foreign Maiket Entry Strategies. New York, USA: AMACON.
Root, F.R. (1994). Entry Strategies for Intemational Markets. San Francisco, USA: Jossey-Bass.
Sanchez-Peinado, E., Pla-Barber, J. and Hébert, L. (2007). Strategic Variables that Influence Entry Mode Choice in Service Firms. Journal of International Marketing, 15 (1), 67-91.
https://doi.org/10.1509/jimk.15.1.067
Sapienza, H.J. et al. (2006). A capabilities perspective on the effects of early internationalization on firm survival and growth. Academy of Management Review, 31 (4), 914-933.
https://doi.org/10.5465/amr.2006.22527465
Shane, S. and Venkataraman, S. (2000). The Promise of Entrepreneurship as a Field of Research. Academy of Management Review, 25 (1), 217-226.
https://doi.org/10.5465/amr.2000.2791611
Sharma, M.V. and Erramilli, M.K. (2004). Resource-Based Explanation of Entry Mode Choice. Journal of Marketing Theory and Practice, 12 (1), 1-18.
https://doi.org/10.1080/10696679.2004.11658509
Schumpeter, J.A. (1944). Teoría del desarrollo económico: una investigación sobre ganancias, capital, crédito, interés y ciclo económico. Ciudad de México, México: Fondo de Cultura Económica.
Simmonds, K. and Smith, H. (1968). The First Export Order: A Marketing Innovation. British Journal of Marketing, 2 (2), 93-100.
https://doi.org/10.1108/EUM0000000005244
Terpstra, V. and Yu, C. (1988). Determinants of foreign investments of US advertising agencies. Journal of International Business Studies, 19 (1), 33-46.
https://doi.org/10.1057/palgrave.jibs.8490373
Welch, L. and Luostarinen, R. (1988). Internationalization- Evolution of a Concept. Journal of General Management, 14 (2), 34-55.
https://doi.org/10.1177/030630708801400203
Welch, L. and Luostarinen, R. (1993). Inward-outward connections in internationalization. Journal of International Marketing, 1 (1), 44-56.
https://doi.org/10.1177/1069031X9300100104
Westhead, P., Wright, M. and Ucbasaran, D. (2001). The internationalization of new and small firms: A resource based view. Journal of Business Venturing, 16 (4), 333-358.
https://doi.org/10.1016/S0883-9026(99)00063-4
Williamson, O.E. (1985). The economic institutions of capitalism. New York, USA: The Free Press.
Zahra, S.A. and Garvis, S.M. (2000). International corporate entrepreneurship and firm performance: The moderating effect of international environment hostility. Journal of Business Venturing, 15 (5-6), 469-492.