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Risk Management in the internationalization process of the firm: A note on the Uppsala model
Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies. (International Business)
Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies. (International Business)
University of Gothenburg.
2011 (English)In: Journal of world business (Print), ISSN 1090-9516, E-ISSN 1878-5573, Vol. 46, no 2, 143-153 p.Article in journal (Refereed) Published
Abstract [en]

This paper analytically and graphically examines the Uppsala model's risk formula (Johanson & Vahlne, 1977) in its two variables: commitment and uncertainty. The graphical treatment of the variables demonstrates the internationalization mechanism's consistency with the risk formula. In particular, commitment manipulation develops a risk management perspective to the model, wherein contingent uncertainty is a central concept. The main contribution consists in the composition of a set of hypotheses on the effects of risk contingencies on a firm's commitment behavior in different internationalization phases. A pertinent remark that emerges from this analytical exercise is the Uppsala model's contingent nature, which explains the differences in the pattern and pace of the internationalization process, as well as potential leapfrogging and market-exit moves.

Place, publisher, year, edition, pages
2011. Vol. 46, no 2, 143-153 p.
Keyword [en]
Commitment, Contingency, Contingent uncertainty, Internationalization, Internationalization process, Knowledge, Risk, Risk management, Uncertainty, Uppsala model
National Category
Business Administration
Identifiers
URN: urn:nbn:se:uu:diva-141635DOI: 10.1016/j.jwb.2010.05.008ISI: 000289012300002OAI: oai:DiVA.org:uu-141635DiVA: diva2:385935
Available from: 2011-01-12 Created: 2011-01-12 Last updated: 2017-12-11Bibliographically approved
In thesis
1. A Political View on the Internationalization Process
Open this publication in new window or tab >>A Political View on the Internationalization Process
2013 (English)Doctoral thesis, comprehensive summary (Other academic)
Abstract [en]

The role of governments in the internationalization of the firm had early recognition in prominent seminal studies in international business, such as Hymer’s thesis or the Uppsala Model, though the interaction between multinationals and governments has attracted scarce attention. As such, the main stream of economics and management studies have focused on internationalization essentially as an issue of the firm, wherein the multinationals’ interaction with the environment is limited to a business-industrial scope of suppliers, clients, and competitors.

In a different direction, this thesis includes the political setting and studies the beneficial side of governments in the internationalization process of the firm. With this purpose, the present dissertation proposes a conceptual framework based on Johanson and Vahlne’s (1977) internationalization process model, complemented with Williamson’s (1975) Transaction Costs Economics, and encompassed by conceptual insights from institutional studies related to international business. Specifically, the role of governments in the internationalization process is examined through the variances of the relation between knowledge and commitment at the micro, meso, and macro level.

The structure of the thesis reflects the multilevel approach, integrating one conceptual and three empirical papers, each of which dealing with a particular level of analysis. Through the aggregation of each paper’s intrinsic contribution, the dissertation’s summary offers a wide view on the internationalization phenomena, adding the political elements to the industrial-business elements of the environment. Overall, internationalization is conceptualized as a process of interaction with the business environment, whereas the public nature of political elements induces the compromise of combining activities between firms and governments. Evidence gives the ground to conclude that internationalization is not a game played just between firms, or, even, between firms and markets, but also with and within governments.

Place, publisher, year, edition, pages
Uppsala: Uppsala universitet, 2013. 109 p.
Series
Doctoral thesis / Företagsekonomiska institutionen, Uppsala universitet, ISSN 1103-8454 ; 158
Keyword
Internationalization Process, Uppsala Model, Transaction Cost Economics, Institutional theory, Firm, Multinational, Government
National Category
Economics and Business
Identifiers
urn:nbn:se:uu:diva-196465 (URN)
Public defence
2013-04-25, Hörsal 1, Kyrkogardsgatan, 10, Uppsala, 13:15 (English)
Opponent
Supervisors
Available from: 2013-04-04 Created: 2013-03-08 Last updated: 2013-12-02Bibliographically approved

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Figueira-de-Lemos, FranciscoJohanson, Jan

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