Sequential internationalization of small- and medium-sized enterprises from newly industrializing economies: The Korean experience in China
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초록

This article develops a new 'sequential internationalization' theoretical framework to explain internationalization by small- and medium-sized enterprises (SMEs) from a dynamic emerging economy. Looking at 18 cases of Korean SMEs in China, it analyzes the changing map of the division of labor between parent firms in Korea and subsidiaries in China. We find that internationalization has been sequential, reflecting the higher resource constraints facing SMEs in comparison with large firms. SMEs tend to proceed from a product-based to a value chain-based division of labor, and finally to a market-based division of labor between the parent firm and its local subsidiaries. Asian Business & Management (2013) 12, 61-84. doi:10.1057/abm.2012.28; published online 10 October 2012

키워드

internationalization processvalue chainsmall- and medium-sized firmsKoreaforeign direct investmentCATCH-UPFOREIGNENTRYMODELFIRM
제목
Sequential internationalization of small- and medium-sized enterprises from newly industrializing economies: The Korean experience in China
저자
Lee, HyungohLee, KeunKwak, Jooyoung
DOI
10.1057/abm.2012.28
발행일
2013-02
유형
Article
저널명
Asian Business and Management
12
1
페이지
61 ~ 84