Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5107159 | Journal of World Business | 2017 | 13 Pages |
Abstract
I examine how different State actions shape the internationalization process of large firms in Argentina, Brazil and Chile. I argue that direct actions produce a more diversified internationalization by sector and a faster internationalization pace. The expansion of large firms abroad occurs through a narrower set of activities when indirect actions prevail. Indirect State actions encourage limited geographical extension and a gradual internationalization pace, producing fewer global leaders. Through an inter-country comparison, I examine direct and indirect policies in two crucial areas for internationalization: the support of national champions and the creation of capital availability. The State-induced internationalization pace influences the global scope of firms, central for understanding the phenomena of multilatinas.
Related Topics
Social Sciences and Humanities
Business, Management and Accounting
Business and International Management
Authors
Diego Finchelstein,