The role of the State in the internationalization of Latin American firms

被引:49
作者
Finchelstein, Diego [1 ,2 ]
机构
[1] Consejo Nacl Invest Cient & Tecn, Vito Dumas 284,CP B1644BID, Victoria, Buenos Aires, Argentina
[2] Univ San Andres, Vito Dumas 284,CP B1644BID, Victoria, Buenos Aires, Argentina
关键词
Internationalization; Public policies; Institutions; State; Capital availability; Strategy; Latin America; POLITICS; BUSINESS;
D O I
10.1016/j.jwb.2017.04.003
中图分类号
F [经济];
学科分类号
02 ;
摘要
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.
引用
收藏
页码:578 / 590
页数:13
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