Imitation and rapid internationalization of emerging market firms |
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| Institution: | 1. KMU International Business School, Kookmin University, Seoul, Korea;2. Korea University Business School, Korea University, Seoul, Korea;1. School of Management and Governance, UNSW Business School, University of New South Wales, Australia;2. School of Marketing and International Business, Victoria University of Wellington, 23 Lambton Quay, Pipitea Campus, PO Box 600, Wellington 6140, New Zealand;3. Department of Strategy and Policy, National University of Singapore Business School, 15 Kent Ridge Drive ,119245, Singapore;1. International Business Discipline, University of Sydney, NSW 2006, Australia;3. Department of Management, City University of Hong Kong, Tat Chee Avenue, Kowloon, Hong Kong SAR |
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| Abstract: | By drawing upon imitation research, this study addresses the role peers play in rapid internationalization by emerging market firms (EMFs). We argue that imitation of industry peers’ international expansion accelerates EMFs’ internationalization speed through two mutually reinforcing mechanisms: information-based imitation, which legitimizes similar operations and conveys valuable information; and rivalry-based imitation, which exerts considerable competitive pressure. We find that industry peers’ international expansion is positively related to EMFs’ internationalization speed. Such positive effect is stronger when EMFs lack prior international experience and when industry competitive intensity is strong. |
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