Internationalisation and risk: Literature review,integrative framework and research agenda |
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| Affiliation: | 1. School of Marketing and Communication, University of Vaasa, Finland;2. School of Business and Economics, Linnaeus University, Sweden;1. Universita Cattolica del Sacro Cuore, Largo A. Gemelli, 1, 20123, Milano, Italy;2. University of Liverpool Management School, Chatham Street, Liverpool, L69 7ZH, UK;3. Leeds University Business School, University of Leeds, Leeds, LS2 9JT, UK;1. Adam Smith Business School, University of Glasgow, University Avenue, Glasgow, G12 8QQ, UK;2. Ivey Business School, Western University, 1255 Western Road, London, Ontario, N6G 0N1, Canada;1. Williams Centre for Learning Advancement, Faculty of Business & Economics, The University of Melbourne, 111 Barry St, Carlton, VIC, 3053, Australia;2. Department of Business Administration, Faculty of Business Economics & Melbourne Business School, The University of Melbourne, Office 20, 200 Leicester Street, Carlton, ViIC, 3053, Australia |
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| Abstract: | Based on an in-depth review of 134 peer-reviewed journal articles published between 1971 and 2018, this article presents a systematic accumulation and analysis of existing research on internationalisation and risk. The review shows that although risk has received great attention in the internationalisation literature in recent years, important gaps remain in relation to the risk implications of internationalisation, the impact of risk on internationalisation strategy, and the strategies used to assess and manage risk in the internationalisation process. Our study contributes to existing knowledge by synthesising and organising existing research into an overarching integrative framework that provides a comprehensive understanding of the risk phenomenon, including the interrelations between risk and internationalisation and the sources and consequences of risk. In addition, the review contributes by identifying important gaps in the literature and suggesting directions for future research to improve our understanding of the complex interrelationship between risk and internationalisation. |
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| Keywords: | Risk Risk management Internationalisation Multinationality Systematic review Narrative synthesis Bibliometric analysis Bibliographical coupling Risk mitigation |
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