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Market Timing and Internationalization Decisions:A Contingency Perspective
Lin Yuan1,2; Xiaolin Qian1; Nitin Pangarkar2
2016-06
Source PublicationJournal of Management Studies
ABS Journal Level4
ISSN0022-2380
Volume53Issue:4Pages:497-519
Abstract

Does acquisition of low-cost capital through market timing improve the likelihood of a firm’s internationalization? Under what circumstances will the above relationship be stronger? These questions are the focus of our study. We integrate the arguments of the resource-based view and the market timing theory to answer these questions. We constructed a sample of capital-raising moves and international investments by 905 listed Chinese firms spanning the 1992–2012 period. Based on random-effects regression analyses, we find that firms deploying market timing are indeed more likely to internationalize. We also find that this effect is stronger for initial entries than subsequent expansions in a country.

KeywordInternationalization Internationalization Pattern Market Timing
DOIhttps://doi.org/10.1111/joms.12181
Indexed BySSCI ; SSCI
WOS Research AreaBusiness & Economics
WOS SubjectBusiness ; Management
WOS IDWOS:000375470900001
PublisherWILEY, 111 RIVER ST, HOBOKEN 07030-5774, NJ USA
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Citation statistics
Cited Times [WOS]:5   [WOS Record]     [Related Records in WOS]
Document TypeJournal article
CollectionDEPARTMENT OF MANAGEMENT AND MARKETING
Corresponding AuthorLin Yuan
Affiliation1.University of Macau
2.National University of Singapore
First Author AffilicationUniversity of Macau
Corresponding Author AffilicationUniversity of Macau
Recommended Citation
GB/T 7714
Lin Yuan,Xiaolin Qian,Nitin Pangarkar. Market Timing and Internationalization Decisions:A Contingency Perspective[J]. Journal of Management Studies,2016,53(4):497-519.
APA Lin Yuan,Xiaolin Qian,&Nitin Pangarkar.(2016).Market Timing and Internationalization Decisions:A Contingency Perspective.Journal of Management Studies,53(4),497-519.
MLA Lin Yuan,et al."Market Timing and Internationalization Decisions:A Contingency Perspective".Journal of Management Studies 53.4(2016):497-519.
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