CMMU Faculty member to publish in the Global Strategy Journal
A research article by CMMU faculty member Dr. Kiattichai Kalasin, titled "The Expansion of Emerging Economy Firms into Advanced Markets: The Influence of Intentional Path-Breaking Change", has been accepted for publication in the Global Strategy Journal
The Global Strategy Journal is published by the Strategic Management Society in 2011, and a sister publication of the prestigious Strategic Management Journal, the leading journal in the field.Dr. Kiattichai's article investigates the drivers behind the expansion of emerging-market firms into more advanced markets. The results support for the argument that emerging-market firms can intentionally change their organizational path and develop the ability to expand into advanced markets.
The article is joint work with Pierre Dussauge (HEC Paris), and Miguel Rivera-Santos (Babson College/ EMLYON Business School)
The Expansion of Emerging Economy Firms into Advanced Markets: The Influence of Intentional Path-Breaking Change
Kalasin, K. Dussage, P., Rivera-Santos, M. (Forthcoming), the Global Strategy Journal
ABSTRACT
Existing literature has investigated the drivers behind the expansion of emerging-market firms into other emerging markets, but we are only beginning to understand how emerging-market firms expand into more advanced markets. Grounding our arguments in institutional theory, and the notions of managerial intentionality and path-breaking strategies, we argue that emerging-market firms can intentionally pursue path-breaking changes that set them on an organizational path better suited to advanced market conditions, by listing their stock on advanced financial markets or divesting unrelated business. We test our arguments on a sample of 855 emerging-market firms from 18 countries over a 6-year period. Our results strongly support our argument that emerging-market firms can intentionally change their organizational path and develop the ability to expand into advanced markets.