Institutional impacts on firm internationalization

Abstract

The role and significance of institutions in home and host countries in the process of firm internationalization has recently attracted the ever increasing attention of scholars and practitioners in the area of international business. Though some publications have been in circulation there still is a scarcity of appropriate insights concerning the impacts and the role of institutions in the diverse home and host contexts in which firms internationalize.Institutional Impacts on Firm Internationalization addresses various aspects of the investigated phenomenon, providing an insight in the role of the varieties of capitalism on the globalization of business activities worldwide. As a key way of internationalization, outward foreign direct investment process is critically analysed from home countries' perspective focusing on emerging economies contexts. Furthermore, the role of national government as a major institution is investigated and how this role will vary depending on the contextual specifics of firm internationalization processes. The impact of institutions on the formation of firm internationalization is put under scrutiny, while special attention is devoted to particular industries, namely retailing and pharmaceutical. The book concludes with unifying remarks on the role of institutions in the processes of firm internationalization giving theoretical as well as practical perspectives.