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Leadership in internationalization strategies

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Leadership in internationalization strategies

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dc.contributor.author Barac Vuckovic, Maja
dc.contributor.author Moner Colonques, Rafael
dc.date.accessioned 2023-03-22T09:24:07Z
dc.date.available 2023-03-23T05:45:06Z
dc.date.issued 2022 es_ES
dc.identifier.citation Barac, M., & Moner-Colonques, R. (2022). Leadership in internationalization strategies. The Manchester School, 90, 293– 318. es_ES
dc.identifier.uri https://hdl.handle.net/10550/85842
dc.description.abstract This paper examines leadership in internationalization strategies for an asymmetric cost duopoly where firms choose between exports and foreign direct investment (FDI) in a sequential setting. The incentive to lead and to engage in FDI is stronger for the more efficient firm. With sequential choices and the efficient firm playing in advance, it is less likely that firms pick identical internationalization strategies in equilibrium, as compared with simultaneous choices; this is more so for greater cost asymmetry. It also happens for large enough oligopoly profitability when the inefficient firm plays in advance. Follow-the-leader behaviour in FDI arises for low values of the setup cost. Although entry in FDI by both firms is best for consumers, total welfare can be higher with opposite internationalization strategies. Were firms given the opportunity to lead or wait and enter later, the efficient firm would emerge as the leader in exports/FDI depending on the well-known proximity-concentration trade-off. Interestingly, the less efficient firm might prefer to wait for strategic reasons. es_ES
dc.language.iso en es_ES
dc.subject asymmetric oligopoly es_ES
dc.subject exports es_ES
dc.subject FDI es_ES
dc.subject leadership es_ES
dc.title Leadership in internationalization strategies es_ES
dc.type journal article es_ES
dc.subject.unesco UNESCO::CIENCIAS ECONÓMICAS es_ES
dc.identifier.doi 10.1111/manc.12400 es_ES
dc.accrualmethod S es_ES
dc.embargo.terms 0 days es_ES

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