Journal articles: 'Foreign market selection'

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Ozturk, Ayse, Eric Joiner, and S. Tamer Cavusgil. "Delineating Foreign Market Potential: A Tool for International Market Selection." Thunderbird International Business Review 57, no. 2 (January 28, 2015): 119–41. http://dx.doi.org/10.1002/tie.21686.

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Chetty, Sylvie, Arto Ojala, and Tanja Leppäaho. "Effectuation and foreign market entry of entrepreneurial firms." European Journal of Marketing 49, no. 9/10 (September 14, 2015): 1436–59. http://dx.doi.org/10.1108/ejm-11-2013-0630.

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Purpose – The purpose of this study is to examine the decision-making process for entrepreneurial firms when entering foreign markets and how and why they entered those markets. Design/methodology/approach – A nascent theory in entrepreneurship called effectuation is combined with internationalization process theory as the conceptual framework to study decision-making under uncertainty. The central concept in both these theories is relationships and how they can be used to gain knowledge and thus reduce uncertainty and in the case of effectuation to co-create opportunities to enter foreign markets. The research design involves a multiple case study of software firms from Finland and New Zealand. Findings – It was found that entrepreneurs differentiate between foreign market selection and foreign market entry during their internationalization process, potentially using different decision-making processes in them. They tend to interweave effectuation and causation logics as substitutes in their decision-making. Uncertainty during foreign market entry is not always a barrier because it can provide opportunities depending on the logic used. In addition, there is evidence that entrepreneurs who have existing relationships in foreign markets tend to use effectuation to select and enter foreign markets. Originality/value – This paper transposes effectuation from its original field of entrepreneurship research to the context of internationalizing entrepreneurial firms. Consequently, it contributes toward understanding the decision-making process for selecting and entering foreign markets.

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Kim, Jaemin, and Sean Sehyun Yoo. "Market liberalization and foreign equity portfolio selection in Korea." Journal of Multinational Financial Management 19, no. 3 (July 2009): 206–20. http://dx.doi.org/10.1016/j.mulfin.2008.11.003.

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Kim, Jooheon. "Foreign Manufacturing Subsidiaries' Channel Selection in the U.S. Market:." Journal of Marketing Channels 2, no. 4 (April 1993): 43–64. http://dx.doi.org/10.1300/j049v02n04_03.

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Vrtana, David, and Anna Krizanova. "The Importance of Probabilistic Analysis in the Application of the Marketing Strategy of the Selected Brand." SHS Web of Conferences 91 (2021): 01010. http://dx.doi.org/10.1051/shsconf/20219101010.

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Entering foreign markets can be an opportunity for some brands. Expansion contributes to developing competitiveness, building a brand and increasing profits, which will be reflected in overall business performance in a market environment. In this article, we elaborate on the identification data of the Starbucks brand. We identify the international environment and the current marketing strategy of the brand. We also focus on defining its marketing performance with regard to the application of the current strategy in the international environment when entering the target foreign market. Based on the analyzed data on the brand and performance, we approach the probabilistic analysis in order to identify the right foreign market. The performed analysis consists of two basic stages. The first step is a rough selection analysis and a fine selection analysis. In the discussion part, we define the advantages and limitations of the brand’s entry into a new foreign market. We support the individual statements with the results of a coarse and fine selection analysis. We also describe the use and limitations of the brand’s cooperation strategy in the future. In the final part of the article, we identify the identified statements with the current marketing strategy and suggest the direction of its development when entering a new foreign market.

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Klute-Wenig, Sandra, Svenja Rebsch, Hartmut Holzmüller, and Robert Refflinghaus. "Improving the selection of international distribution partners by using quality management methods." International Journal of Quality and Service Sciences 9, no. 3/4 (September 18, 2017): 241–50. http://dx.doi.org/10.1108/ijqss-03-2017-0022.

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Purpose The importance of international markets has increased in the past years and will further increase in the future. This offers potential for being competitive, but especially for small- and medium-sized enterprises (SMEs) is going along with a variety of risks, e.g. the competition in the domestic market intensifies. Nevertheless, in most cases, SMEs with foreign operations are more successful than SME operating solely in the domestic markets. Nevertheless, the internationalization activities of SME are often unsystematic and emotional, especially when looking for distribution partners. The research project “Empirical based development of an instrument for identifying and making decisions about the choice of market entry and the selection of distribution partners of SME of the tool and cutlery industry when developing foreign markets” deals with this topic. In this paper the results of a literature review and an expert discussion regarding market development and especially the process of finding distribution partners for foreign markets are presented. Also, further steps in the project dealing with aspects of realizing the detected success factors by using quality management methods are explained. Design/methodology/approach The first step comprises a literature review and an expert discussion with leading managers of SME, with the aim to receive information about market entry decisions and selection of distribution partners. Therefore, a literature review and an expert discussion with leading managers of SME are carried out. The discussions are evaluated with MAXQDA©, a software for qualitative data analysis. Next, a questionnaire is designed for a quantitative analysis of the topic and will be evaluated by using SMART-PLS. Then, the results will be used as input variable for a quality function deployment for identifying appropriate measures for implementing the prior identified success factors. Thereby, also quality management methods and techniques will be used for finding the “right” measures. In this context, also a method for selecting distribution partners will be developed which is based on the logic of supplier evaluation. Finally, an Excel-based tool will be developed which includes the results of the project and allows companies easily applying them. Findings A literature review and an expert discussion within the tool and cutlery industry have been carried out and analysed. Thereby, the need for action regarding the selection of distribution partners has been revealed as essential step for success in foreign markets. Literature mostly deals with aspects like choosing appropriate countries for market entry and market entry strategy but not with distribution partners. Expert discussion also has shown that choosing distribution partners is often managed with gut feel. It lacks a criteria-based approach for optimizing this step during the internalization process. Originality/value Finding adequate distribution partners for a successful entry into foreign markets has not been investigated thoroughly yet. The project offers insights into determining factors for the selection process and improves the distribution partner selection by using quality management methods, for instance, by adapting the fundamental procedure of supplier assessment for distribution partner assessment.

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Gomes, Renata Maria, Jorge Carneiro, and Luis Antonio Dib. "Branded retailer expansion on a continent-sized emerging market." International Journal of Retail & Distribution Management 46, no. 9 (September 10, 2018): 820–34. http://dx.doi.org/10.1108/ijrdm-10-2017-0258.

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Purpose The purpose of this paper is to identify patterns for the intra-market expansion of international branded retailers on a continent-sized emerging market using the network approach. Design/methodology/approach A multiple-case study design of four foreign branded retailers that have expanded onto regional markets in Brazil is used. Findings The intra-market expansion process shares similarities with the cross-market expansion process; is influenced by the relationships of foreign branded retailers with local competitors and shopping mall firms; and market selection, mode of operation and store location decisions are interrelated and conjointly taken, instead of forming a three-stage process. Additionally, the importance of relationships with host market shopping malls firms is highlighted. Research limitations/implications This paper advances a conceptual model of the intra-market expansion process, which comprises a system of interrelated decisions – (regional) market selection, mode of operation and store location – influenced by several network effects. Practical implications Managers of foreign branded retail suffer from liability of foreignness when undertaking intra-market expansion. Although Brazil is a large market, the retail community is highly connected because of managers’ personal relationships. Brazilian shopping malls dominate suitable store locations, and represent a valuable source of knowledge and resources for the foreign branded retailer. Originality/value This paper addresses two under-researched aspects of international retail: branded retailers – manufacturers that develop brands and operate stores – and intra-market expansion (i.e. to geographic regions of a given foreign country). It also discusses the challenges of intra-market expansion in continent-sized emerging markets, with considerable regional diversity (culture, infrastructure and institutions).

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Nkhungulu Mulenga, Chao, and Burger Van Lill. "Recruitment and Selection of Foreign Professionals In the South African Job Market: Procedures and Processes." SA Journal of Human Resource Management 7, no. 1 (July 14, 2007): 30–37. http://dx.doi.org/10.4102/sajhrm.v5i3.149.

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This study investigated procedures and processes used in the selection of prospective foreign applicants by recruitment agencies in South Africa. An electronic survey was distributed to the accessible population of 244 agencies on a national employment website, yielding 57 respondents. The results indicate that the recruitment industry does not have standard, well articulated procedures for identifying and selecting prospective foreign employees and considered processing foreign applicants difficult. Difficulties with the Department of Home Affairs were a major hindrance to recruiting foreign applicants.

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El-Higzi, Faiza. "Foreign Market Selection Factors in the Australian Construction Services Sector." Construction Economics and Building 2, no. 1 (November 15, 2012): 107–20. http://dx.doi.org/10.5130/ajceb.v2i1.2891.

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A survey of Australian construction companies is described, aimed at identifying the mainfactors considered when choosing foreign markets for their international activities. Thishighlights the importance of the host country’s economic, political and structural factors,the interplay of company motivations for expansion and the availability of a relevant constructionproject. Other factors influence a company’s approach to overseas operations,but do not significantly affect the choice of country. Also identified is a need to improvegovernment approaches to construction service expansion to other countries, with a focuson specific projects and policy regulations to assist the industry, and to build closer relationsbetween construction companies and financial institutions.

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Clark, Daniel R., Dan Li, and Dean A. Shepherd. "Country familiarity in the initial stage of foreign market selection." Journal of International Business Studies 49, no. 4 (September 21, 2017): 442–72. http://dx.doi.org/10.1057/s41267-017-0099-3.

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Annushkina, Olga E., and Renata Trinca Colonel. "Foreign market selection by Russian MNEs – beyond a binary approach?" Critical perspectives on international business 9, no. 1/2 (March 2013): 58–87. http://dx.doi.org/10.1108/17422041311299950.

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Dow, Douglas. "A Note on Psychological Distance and Export Market Selection." Journal of International Marketing 8, no. 1 (March 2000): 51–64. http://dx.doi.org/10.1509/jimk.8.1.51.19563.

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The concept of psychological distance, or psychic distance, was first proposed by Beckerman (1956) and later popularized by Johanson and Vahlne (1977) . However, efforts to test the impact of psychological distance on export market selection have been sporadic and flawed. The author calibrates a single-item indicator of psychological distance using an independent panel of experts. The predictive ability of the resulting instrument is then tested on the order in which Australian exporters select their first five foreign markets. The author then compares this instrument with three other scales that are commonly employed as indicators of psychological distance. Scales based on Sethi's (1971) and Hofstede's (1980) work prove to be inferior predictors of early market selection. Geographic distance is found to be a significant predictor, but its effect is largely independent of psychological distance. The author also explores the dynamic nature of psychological distance. The impact of psychological distance on market selection appears to decrease substantially after the first market entry decision but remains a significant predictor.

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Efimova, Olga, Sergey Vakulenko, Petr Kurenkov, Naida Magomedova, and Elena Rudakova. "Selection of schemes for delivery of foreign trade cargoes using digital technologies." MATEC Web of Conferences 334 (2021): 01018. http://dx.doi.org/10.1051/matecconf/202133401018.

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The article deals with the problem of transport management in all types of communication in the context of digitalization. Possible schemes of interaction between the subjects of the transport services market and various modes of transport in foreign trade transportations in mixed messages are presented. It is recommended that when choosing a route for transport and freight flows, take into account all types of interaction and coordination of activities of various types of transport, as well as subjects of transport and other markets.

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Al Qur’an, Marwan. "Success factors influencing the selection of the location of international firms." Competitiveness Review: An International Business Journal 30, no. 5 (April 2, 2020): 665–79. http://dx.doi.org/10.1108/cr-05-2018-0030.

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Purpose This study aims to explore critical success factors contributing to the selection of beneficial foreign markets by Arabian international firms. Design/methodology/approach Multiple case study method was adopted in the study, and thus, two rich-information comparative case studies were purposefully selected from Arabian large firms. Additionally, seven international market selection (IMS) decisions were examined through relying on personal interviews and archival data, and field notes as secondary data resources. Two main stages of analysis were undertaken, i.e. within and cross-case analyses. Findings The results showed four critical factors contributing to the selection of beneficial international markets by Arabian firms, i.e. international business experience of the selected management team, the market knowledge about the potential international markets, in-house and external consultations with international business experts and identification of a trustworthy and internationally experienced manager for the international operation. Practical implications The results have important implications to business managers by improving their foreign market selection behavior. Further, the research’s findings can assist less-experienced firms, willing to internationalize their businesses, in enhancing their decision-making process to arrive at beneficial country for their international operations. Originally/value The research findings provide significant theoretical contribution to literature review on the internationalization process of firms through addressing critical success factors in IMS decision process. Further, it provides significant methodological contributions in relation to the effectiveness of the case study approach in capturing elements of the IMS process.

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Guadalupe, Maria, Olga Kuzmina, and Catherine Thomas. "Innovation and Foreign Ownership." American Economic Review 102, no. 7 (December 1, 2012): 3594–627. http://dx.doi.org/10.1257/aer.102.7.3594.

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This paper uses a rich panel dataset of Spanish manufacturing firms (1990–2006) and a propensity score reweighting estimator to show that multinational firms acquire the most productive domestic firms, which, on acquisition, conduct more product and process innovation (simultaneously adopting new machines and organizational practices) and adopt foreign technologies, leading to higher productivity. We propose a model of endogenous selection and innovation in heterogeneous firms that explains both the observed selection patterns and the innovation decisions. Further, we show in the data that innovation upon acquisition is associated with the increased market scale provided by the parent firm.

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Kim, Jooheon. "Distribution Channel Selection of Foreign-Owned Firms in the Korean Market." Journal of Marketing Channels 8, no. 3-4 (May 4, 2001): 49–64. http://dx.doi.org/10.1300/j049v08n03_04.

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Panibratov, Andrei. "Russian Restaurant with Japanese Cuisine Makes Foreign Markets' Selection: The Case of Two Sticks." Asian Case Research Journal 16, no. 02 (December 2012): 335–46. http://dx.doi.org/10.1142/s0218927512500149.

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The case considers the problem of the expansion strategy of the Russian Japanese restaurant Dve Palochki (Two Sticks). The focus of the case is the exploration of the regional and international opportunities for the company, particularly the Chinese market. This case is recommended for discussion in study groups in an international business strategy course when considering the following issues: choosing a foreign market entry strategy; internationalization of SME; the marketing and HR policy of a firm that is in the process of initial internationalization. This case is intended for analysis of the decisions a medium-sized enterprise's management has to make regarding its foreign expansion. Students are expected to examine the problems linked to quality management, the development of marketing activities, the adjustment of the brand concept, and the organizational restructuring. The analysis can be carried out with the following aims: to evaluate the business environment of newly internationalizing firms in the Japanese restaurant sector as it exists today in the Russian market; to realize the perspectives and difficulties of working in developing and developed markets for a firm in the process of internationalization; to carry out comparative analysis of the advantages and disadvantages of foreign strategies based on strong marketing and HR policies; to examine the promotion process of the restaurant in Russia and evaluate the options for implementing its principles in new overseas locations.

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Zhang, Jing, and Huizhi Yu. "Venture Capitalists’ Experience and Foreign IPOs: Evidence from China." Entrepreneurship Theory and Practice 41, no. 5 (September 2017): 677–707. http://dx.doi.org/10.1111/etap.12228.

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Integrating signaling theory with social network theory, we investigate the influence of venture capitalists’ (VCs’) IPO experience on the likelihood of foreign IPO successes. Using data from VC–backed Chinese companies listed on the U.S. or Chinese stock markets from 2002 to 2012, we find that U.S. VCs’ experience in either market increases the chance of listing in the United States. However, Chinese VCs’ experience in the United States plays the same role, but not in China. For entrepreneurs who desire to pursue opportunities in international capital markets, the novel findings offer important implications in their VC selection decisions.

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Hideki Kitamura. "A Reconsideration of Middle Eastern Islamic Bank Practices in Malaysia." Journal of Business Anthropology 9, no. 1 (April 30, 2020): 66–87. http://dx.doi.org/10.22439/jba.v9i1.5967.

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Middle Eastern Islamic banks’ contributions to product development in Malaysia have been frequently highlighted; nonetheless, there has been a research gap on the adaptation of foreign Islamic banks to the Malaysian market. This study examines this aspect through a case study of the practices of Kuwait Finance House Malaysia Berhad (KFHMB) among these foreign banks. The results of this exploration highlight the impact of Malaysian business customs and culture on KFHMB’s banking product selection, especially on the retail banking side. The findings herein imply that regional differences in products between Malaysia and the Middle East derive from differences in market environments rather than from mere differences in Islamic jurisprudence, as previous studies claim. Ultimately, this study asserts the value of an ethnographic approach to studying Islamic banks’ adaptation to foreign markets, especially considering the KFHMB’s dilemma of facing religious ideals versus market realities.

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Gallego, M. Ángeles, Encarnación Ramos Hidalgo, Francisco J. Acedo, José C. Casillas, and Ana M. Moreno. "The relationship between timing of entry into a foreign market, entry mode decision and market selection." Time & Society 18, no. 2-3 (September 2009): 306–31. http://dx.doi.org/10.1177/0961463x09337843.

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Vasconcelos Ferreira, Manuel Aníbal Silva Portugal, Fernando Ribeiro Serra, and Nuno Rosa Reis. "Internationalization Motivations and Foreign Market Entry Modes http://dx.doi.org/10.5585/riae.v10i1.1719." Revista Ibero-Americana de Estratégia 10, no. 1 (June 3, 2011): 29–54. http://dx.doi.org/10.5585/ijsm.v10i1.1719.

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The motivations for the internationalization of firms influence the selection of foreign entry modes. In this article we use John Dunning’s (1993) classification, which distinguishes four primary motives to invest overseas – market seeking, resource seeking, strategic asset seeking and efficiency seeking –, conceptually discussing the impact of the selected foreign entry modes. The methods and strategies of multinational corporations (MNCs) are chosen in a broader framework, where internationalization motivations converge with the exploitation, or exploration, of firm-specific advantages. Our analysis is supported by a set of theoretical propositions. The results demonstrate that MNCs must develop the best possible combination of strategy-structure for their international operations, and yet conceive a casuistic analysis of each individual operation. We have therefore contributed to a better understanding of the selection of foreign market entry modes as a reflection of strategic choices or motivations.

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Fatum, Rasmus, and Michael M. Hutchison. "Evaluating foreign exchange market intervention: Self-selection, counterfactuals and average treatment effects." Journal of International Money and Finance 29, no. 3 (April 2010): 570–84. http://dx.doi.org/10.1016/j.jimonfin.2009.12.009.

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Coe, Barbara J., Gopala K. Ganesh, and Wolfram Kleinknecht. "A Managerial Framework For Evaluating World Markets For Direct Investment." Journal of Applied Business Research (JABR) 6, no. 4 (October 21, 2011): 16. http://dx.doi.org/10.19030/jabr.v6i4.6272.

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This paper presents a managerial framework for improving the quality of the decision making process involved in selection of new foreign markets for direct investment. The framework consists of four profiles: Market Characteristics, Competitors, Firm Capabilities, and, Competitive Parity/Superiority. Weights of individual elements within each of the profiles as well as the profile as a whole cane be assigned by managers to reflect the internal and external constraints and requirements of the firm considering foreign direct investment.

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Kumar, V., Antonie Stam, and Erich A. Joachimsthaler. "An Interactive Multicriteria Approach to Identifying Potential Foreign Markets." Journal of International Marketing 2, no. 1 (March 1994): 29–52. http://dx.doi.org/10.1177/1069031x9400200103.

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The authors address the issue of portfolio management in the context of an international marketing problem. Screening, identification, and selection characterize the three stages in the evaluation of potential foreign markets. The proposed methodology is used for identifying potential foreign markets. This article contributes to the existing literature in four ways: (a) it integrates the past research on international market evaluation into a comprehensive framework, (b) it fills a gap in this area, by offering a flexible, cost efficient methodology that is easy to comprehend and adopt, (c) it simultaneously considers the objectives of the firm, its resource constraints, and expansion strategies while identifying potential foreign markets, and (d) it introduces a multicriteria methodology for solving problems of multiobjective decision models, to the international marketing managers.

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Burnside, Craig, Martin Eichenbaum, and Sergio Rebelo. "Understanding the Forward Premium Puzzle: A Microstructure Approach." American Economic Journal: Macroeconomics 1, no. 2 (June 1, 2009): 127–54. http://dx.doi.org/10.1257/mac.1.2.127.

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High interest rate currencies tend to appreciate relative to low interest rate currencies. We argue that adverse selection problems between participants in foreign exchange markets can account for this “forward premium puzzle.” The key feature of our model is that the adverse selection problem facing market makers is worse when an agent wants to trade against a public information signal. So, when based on public information, the currency is expected to appreciate, there is more adverse selection associated with a sell order than with a buy order. (JEL E43, F31, G15)

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Nordin, Fredrik, and Jessica Lindbergh. "Foreign market learning: an integrative model of its antecedents, processes and outcomes." Journal of Business & Industrial Marketing 34, no. 6 (July 1, 2019): 1248–58. http://dx.doi.org/10.1108/jbim-12-2018-0398.

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Purpose The purpose of this paper is to offer an integrative model of foreign market learning, including different learning processes, antecedents and outcomes. Design/methodology/approach The paper makes a critical review of the relevant literature, drawing on a keywords-based search of three major databases and a range of other published work for a broader perspective on the subject. Findings The resulting integrative model shows in a number of ways how companies can learn and benefit from differences in foreign markets and what results this can lead to. Research limitations/implications The sample of subject-specific contributions to the literature may have been insufficient, and a wider selection of keywords to identify them might have captured a richer variety of concepts and opinions. Originality/value The integrative model contributes to the literature on foreign market learning and innovation and serves as a basis for future studies and current management strategy.

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Pananond, Pavida. "Motives for foreign direct investment: a view from emerging market multinationals." Multinational Business Review 23, no. 1 (April 20, 2015): 77–86. http://dx.doi.org/10.1108/mbr-02-2015-0008.

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Purpose – The purpose of this paper explains how the framework on motives of foreign direct investment (FDI) needs to be rethought when analyzing emerging market multinational enterprises (EMNEs). It argues that the weak position of emerging market firms and their interdependent relationship with lead firms in global value chains (GVCs) modify the selection of internationalization motives. Design/methodology/approach – The arguments are illustrated through a critical review of the literature on FDI motives and a discussion on how the literature can be extended from looking through the lens of emerging market multinationals, particularly those with early development as suppliers in global value chains. Findings – The weak position of emerging market firms and their interdependent relationship with lead firms in global value chains modify the selection of internationalization motives on two aspects. First, internationalization decisions of EMNEs in GVCs are not undertaken in an independent manner. Rather, decisions are influenced by the initial position along the value chain and the dynamic relationships that these EMNEs have with lead firms. Second, the selection of FDI motives of these EMNEs reflects both their international expansion strategy and the upgrading effort they wish to pursue to undertake higher value-adding activities along the GVCs. Originality/value – These implications addressed in this paper add more nuances to the interpretation of FDI motives. Previously viewed mainly from the perspective of lead firms, FDI decisions are considered as independent alternatives that multinational enterprises (MNEs) can undertake to fulfill their internationalization strategy. Revisiting the FDI motives from the perspective of EMNEs reveals further insights on the interdependent nature of their internationalization, particularly reflecting the weaker position of EMNEs and their interdependent relationship with lead firms in their industry.

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Bal, Gnyana Ranjan, Amit Manglani, and Malabika Deo. "Asymmetric Volatility Spillover between Stock Market and Foreign Exchange Market: Instances from Indian Market from Pre-, during and Post- Subprime Crisis Periods." Global Business Review 19, no. 6 (August 28, 2018): 1567–79. http://dx.doi.org/10.1177/0972150918789986.

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Modern businesses are so inter-twined that a cause in one market affects other markets throughout the Globe. The 2008 subprime crisis is one of such evidences of inter-linkage of global markets. Such type of event motivates many studies to analyse the transmission of volatility from one market to another market. The study aims to analyse the volatility spillover effect between CNX Nifty and exchange rates covering for three different currencies, that is, USD, GBP and yen. GARCH (1,1) and EGARCH (1,1) have been used to identify the spillover effect and asymmetries or leverage effect in the volatility transmission through the estimation of different parameters. The overall findings show that there is spillover between the foreign exchange and the stock market. Among the three exchange rates, the USDR is strongly co-related with the Indian stock market as compared to other rates. Our study will significantly contribute to the existing literature in this context. The findings of the study have greater implications especially for hedgers, arbitrators and other participants in this market. As such type of information regarding transmission of volatility can help them to diversify their overseas risk through an optimal portfolio selection.

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Suartawan, I. Gst Ngr Putu Adi, and Luh Gede Sri Artini. "A comparative study on domestic and foreign equity funds in Indonesia." International research journal of management, IT and social sciences 6, no. 4 (June 8, 2019): 54–61. http://dx.doi.org/10.21744/irjmis.v6n4.642.

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The aim of this study is to analyze and compare the performance between domestic and foreign equity funds in Indonesia seen from the Treynor index, market timing, and stock selection ability. The population of this study is all equity funds registered in OJK (Financial Services Authority) in Indonesia, with a sample of 38 domestic equity funds and 25 foreign equity funds during the 2016-2018 period. The samples were collected by using a nonprobability sampling method with a purposive sampling technique. Data were analyzed using the Mann-Whitney U test. The results of this study show that the performance of foreign equity funds is better than the domestic equity funds seen from the Treynor index. The market timing ability of foreign equity funds is better than domestic equity funds. The stock selection ability of domestic equity funds is better than foreign equity funds. The practical implication of this study for investors and capital market players is to provide empirical evidence that there is a significant difference between the domestic and foreign equity funds performance in Indonesia, that can be considered in investment strategies. For investment companies that manage equity funds can be a reference to performance improvement, especially for negative performance.

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Robertson, Kim R., and Van R. Wood. "The relative importance of types of information in the foreign market selection process." International Business Review 10, no. 3 (June 2001): 363–79. http://dx.doi.org/10.1016/s0969-5931(01)00021-x.

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Schu, Matthias, and Dirk Morschett. "Foreign market selection of online retailers — A path-dependent perspective on influence factors." International Business Review 26, no. 4 (August 2017): 710–23. http://dx.doi.org/10.1016/j.ibusrev.2017.01.001.

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Kukreja, Mukta, and Dr Mahesh Chandra Joshi. "FACTORS INFLUENCING INDIAN FIRMS DECISION MAKING IN FOREIGN DIRECT INVESTMENT IN AFRICA." International Journal of Applied Business and International Management 3, no. 1 (August 7, 2018): 173–88. http://dx.doi.org/10.32535/ijabim.v3i1.87.

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India’s economic progress and relations with other developing regions have received much attention, particularly the way in which Indo-African relations have evolved since 2000. This paper aims to put Indian FDI in Africa into perspective and provide some answers on the nature and possible impact of these flows to the continent. The study utilized the international typology offered by Dunning OLI paradigm to identify the important of Location Specific Advantages and how these advantages leads to selection of location for investment purposes by investors The study findings demonstrated that potential market growth, market opportunities and consumer base are the important indicated Indian firms targets Africa to seek new and unexplored markets of Africa. Competitiveness climate is important determinant along with economies of scale, investment incentives and availability of natural resources.

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Koubaa, Yamen, Rym Srarfi Tabbane, and Manel Hamouda. "Going international through successful partnerships: the case of GIAS." Emerald Emerging Markets Case Studies 3, no. 1 (April 19, 2013): 1–10. http://dx.doi.org/10.1108/eemcs-11-2012-0193.

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Subject area International business. Study level/applicability The case is suitable for Bachelor and Master level students of business studies. Case overview In the actual global economy context, firms are trying to be more competitive by accelerating their efforts to integrate foreign markets. Small and medium-sized enterprises (SMEs) from emerging markets are increasingly internationalizing to capitalize on opportunities in foreign markets. To get into internationalization SMEs can use different successful expansion strategies. One of these strategies is the establishment of a win-win partnership with partners that distribute the company products on the foreign markets. The case deals with a successful experience of a win-win partnership from an emerging country SME, the Tunisian food industry firm GIAS, which began its internationalization in 1996. The case presents first the reasons of internationalization of GIAS. Then an explanation of the strategic choices of internationalization of the firm is provided. The selection of the most appropriate foreign markets is described later. The win-win partnership approach is then detailed and the case finishes with the future internationalization plans for GIAS. Expected learning outcomes The expected learning outcomes include: the selection of a foreign market; the determinants of the foreign mode of entry; the process of integrating an internationalization strategy; how to choose the most appropriate partner; the follow up and the management of the relationships with foreign partners; and the monitoring of international markets. The case provides a space to think about practice and help learners, therefore, to connect theory and practice. Supplementary materials Teaching notes are available for educators only. Please contact your library to gain login details or email support@emeraldinsight.com to request teaching notes.

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Musso, Fabio, and Barbara Francioni. "International strategy for SMEs: criteria for foreign markets and entry modes selection." Journal of Small Business and Enterprise Development 21, no. 2 (May 13, 2014): 301–12. http://dx.doi.org/10.1108/jsbed-10-2013-0149.

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Purpose – The purpose of this paper is to examine the internationalization of small- and medium-sized enterprises (SMEs) in regard to the international market selection (IMS) and entry mode selection (EMS) processes. Design/methodology/approach – To achieve this, an examination of the degree of systematic/active behaviour during IMS and EMS on a sample of 221 SMEs was conducted. Moreover, the paper sought to comprehend whether SMEs select foreign market and entry mode in a separate and sequential way, and whether there is a relationship between the sequentiality of IMS and EMS, on one side, and SME behaviour during these two processes, on the other side. Findings – Results revealed that SMEs have a non-systematic and passive behaviour during IMS and EMS, respectively. Moreover, a high predilection in performing the two processes contemporaneously or without any logic was found. Finally, a strong relation between sequentiality of IMS and EMS and degree of systematic and active behaviour during the processes existed. Originality/value – In this study, using a sample of SMEs located in a region of Italy, SME behaviour in the IMS and entry mode choice processes was tested.

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Buchanan, Frederick Robert, and Syed Zamberi Ahmad. "Business in developing countries: globalization of a large emerging market bank." Emerald Emerging Markets Case Studies 4, no. 6 (November 20, 2014): 1–16. http://dx.doi.org/10.1108/eemcs-07-2013-0133.

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Subject area Business Management, Global Marketing Strategy, Strategic Management, International Business, International Management. Study level/applicability The case is suitable for undergraduate and post-graduate business and management students. The case is based on secondary data collection and all the facts are real. Expected learning outcomes The expected learning outcomes include the selection of a foreign market; the determinants of the foreign mode of entry strategy; the process of integrating an internationalization strategy; how to choose the most appropriate partner; and the monitoring of international markets. The case provides a space to think about practice and help learners, therefore, to connect theory and practice. Supplementary materials Teaching Notes are available for educators only. Please contact your library to gain login details or email support@emeraldinsight.com to request teaching notes.

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Grujić, Miloš. "APPLICATION OF THE MODERN PORTFOLIO THEORY IN DIVERSIFICATION OF THE DEBT SECURITIES PORTFOLIO IN EMERGING MARKETS." ЗБОРНИК РАДОВА ЕКОНОМСКОГ ФАКУЛТЕТА У ИСТОЧНОМ САРАЈЕВУ 1, no. 13 (May 3, 2017): 67. http://dx.doi.org/10.7251/zrefis1613067g.

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The term "portfolio analysis", introduced in the economic theory by Harry Markowitz, is not a new term in scientific literature. However, analysis and criticism in the papers of local and foreign authors are mainly based on the examples of developed capital markets. There are very few cases of application of the portfolio analysis in the domestic capital market. The focus of this paper is on implementation of diversification of the bonds on the Banja Luka Stock Exchange. Using Markowitz's portfolio selection, we will prove that diversification, including all limitations, is possible and applicable onto the domestic bonds in the capital market.

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Fuentelsaz, Lucio, Elisabet Garrido, and Juan P. Maicas. "The effect of informal and formal institutions on foreign market entry selection and performance." Journal of International Management 26, no. 2 (June 2020): 100735. http://dx.doi.org/10.1016/j.intman.2020.100735.

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Han, Jae-Seung, and Sang-Yong Tom Lee. "Impact of Vendor Selection on Firms’ IT Outsourcing." Journal of Global Information Management 20, no. 2 (April 2012): 25–43. http://dx.doi.org/10.4018/jgim.2012040102.

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Information technology (IT) outsourcing is often used as a cost-saving strategy for firms. In IT outsourcing, the choice of vendor is a key factor determining success. This study examines the impact that the choice of IT vendor has on firms’ IT outsourcing in Korea. The authors empirically analyzed the impact of certain characteristics of IT vendors on the market value of client firms in Korea using the event study methodology. First, the authors found that IT outsourcing announcements significantly increased the market value of firms. The authors also found that the market response to high asset-specific services of the IT vendor was significantly greater than the response to low asset-specific services. The authors’ results also showed that the effect of Korean vendors was greater than that of foreign vendors. However, the difference between IT outsourcing to large vendors and small vendors in Korea was not significant, in contrast to the US. The information provided in this study can be used by client firms to select better IT vendors and by IT vendors to develop strategies to survive the rapidly changing IT outsourcing market in Korea.

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He, Xinming, Zhibin Lin, and Yingqi Wei. "International market selection and export performance: a transaction cost analysis." European Journal of Marketing 50, no. 5/6 (May 9, 2016): 916–41. http://dx.doi.org/10.1108/ejm-02-2013-0083.

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Purpose This paper aims to provide a transaction cost analysis (TCA) perspective to exporting firms' selection of foreign markets and the performance consequences of this international market selection (IMS) decision. This paper proposes a conceptual framework that hypothesizes the relationship between transaction cost factors, IMS and export performance. Design/methodology/approach This paper tests the proposed framework with a database of Chinese manufacturing firms using regression models and controlling for possible endogeneity. The endogeneity issue may arise due to IMS being influenced by unobserved industrial/firm attributes. Findings The results show that transaction cost factors are able to explain IMS. Furthermore, firms whose decisions have incorporated transaction cost factors perform significantly better than their rivals. Research limitations/implications Understanding transaction costs helps decision-makers formulate more efficient IMS strategy to achieve superior export performance. Future research on IMS may examine “passive exporting”, i.e. exporting initiated by overseas buyers, consider the role of institutional distance and use other approaches toward cultural distance-based IMS. Originality/value This study adds a new theoretical underpinning for IMS by developing a framework based on TCA, and thus broadens the applications of TCA into IMS. Our empirical results support this extension.

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Korley, Maud, and Evangelos Giouvris. "The Regime-Switching Behaviour of Exchange Rates and Frontier Stock Market Prices in Sub-Saharan Africa." Journal of Risk and Financial Management 14, no. 3 (March 15, 2021): 122. http://dx.doi.org/10.3390/jrfm14030122.

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Frontier markets have become increasingly investible, providing diversification opportunities; however, there is very little research (with conflicting results) on the relationship between Foreign Exchange (FX) and frontier stock markets. Understanding this relationship is important for both international investor and policymakers. The Markov-switching Vector Auto Regressive (VAR) model is used to examine the relationship between FX and frontier stock markets. There are two distinct regimes in both the frontier stock market and the FX market: a low-volatility and a high-volatility regime. In contrast with emerging markets characterised by “high volatility/low return”, frontier stock markets provide high (positive) returns in the high-volatility regime. The high-volatility regime is less persistent than the low-volatility regime, contrary to conventional wisdom. The Markov Switching VAR model indicates that the relationship between the FX market and the stock market is regime-dependent. Changes in the stock market have a significant impact on the FX market during both normal (calm) and crisis (turbulent) periods. However, the reverse effect is weak or nonexistent. The stock-oriented model is the prevalent model for Sub-Saharan African (SSA) countries. Irrespective of the regime, there is no relationship between the stock market and the FX market in Cote d’Ivoire. Our results are robust in model selection and degree of comovement.

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Savin, Ivan V., Oleg S. Mariev, and Andrey A. Pushkarev. "Measuring the strength of market selection in Russia: When the (firm) size matters." Voprosy Ekonomiki, no. 2 (February 7, 2020): 101–24. http://dx.doi.org/10.32609/0042-8736-2020-2-101-124.

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In this study, we evaluate the effectiveness of market selection based on data of Russian manufacturing firms from 2006 to 2017 and compare our results with those for foreign countries. To do this, we decompose the labor productivity at the industry level to determine the contribution from the redistribution of market shares from less to more productive companies. We also conduct a direct econometric assessment of the relationship between firm productivity and revenue growth. The results obtained indicate a moderate role of market selection in Russia. If we measure the firm productivity by estimating the value added per employee (labour productivity), then estimates for Russia are lower than for other OECD countries, while estimates based on total factor productivity are generally comparable. We also find that the role of market selection is higher for small and medium-sized enterprizes, which indicates the need to stimulate competition especially among large firms.

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Doctor, Obonye, Elias R. Offen, and Edward M. Lungu. "L\'{e}vy Process, Proportional Transaction Costs and Foreign Exchange." Journal of Mathematics Research 9, no. 5 (September 26, 2017): 133. http://dx.doi.org/10.5539/jmr.v9n5p133.

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We analyse optimal portfolio selection problem of maximizing the utility of an agent who invests in a stock and money market account in the presence of proportional transaction cost $\lambda>0$ and foreign exchange rate. The stock price follows a (generalized) Geometric It\^{o}-L\'{e}vy process. The utility function is $U(c)={c^{p}}/{p}$ for all $c\geq0$, $p<1$, $p\neq0$.

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Choi, Jaeho, Jongbin Jung, and Seongmoon Kim. "Development and Evaluation of a Portfolio Selection Model and Investment Algorithm in Foreign Exchange Market." Journal of the Korean Operations Research and Management Science Society 39, no. 2 (June 30, 2014): 83–95. http://dx.doi.org/10.7737/jkorms.2014.39.2.083.

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Magnani, Giovanna, Antonella Zucchella, and Dinorá Eliete Floriani. "The logic behind foreign market selection: Objective distance dimensions vs. strategic objectives and psychic distance." International Business Review 27, no. 1 (February 2018): 1–20. http://dx.doi.org/10.1016/j.ibusrev.2017.10.009.

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Budeva, Desislava, and Gladys Torres Baumgarten. "The effect of institutional distance on international market selection: comparing export to foreign direct investment." International Journal of Export Marketing 4, no. 2 (2021): 1. http://dx.doi.org/10.1504/ijexportm.2021.10037134.

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Budeva, Desislava, and Gladys Torres Baumgarten. "The effect of institutional distance on international market selection: comparing export to foreign direct investment." International Journal of Export Marketing 4, no. 2 (2021): 127. http://dx.doi.org/10.1504/ijexportm.2021.115288.

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Narteh, Bedman, and George Acheampong. "Foreign participation and internationalization intensity of African enterprises." International Marketing Review 35, no. 4 (July 9, 2018): 560–79. http://dx.doi.org/10.1108/imr-12-2015-0273.

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Purpose The purpose of this paper is to establish the relationship between foreign participation in enterprises in Africa, their internationalization intensity and the associated moderating conditions. Design/methodology/approach The study utilized data from the World Bank enterprise surveys in 46 African countries across seven years. The hypothesized relationships are estimated using the Heckman two-stage pooled cross-sectional model to correct for selection bias. Findings The findings show that foreign participation in enterprises has a positive effect on internationalization intensity in Africa. While we observe this positive effect, we also found that there is a lot of heterogeneity that accompanies this effect based on enterprise size, financial performance and local market competition. Research limitations/implications The study contributes to the internationalization literature by showing that foreign participation in local enterprises can have a positive effect on the internationalization propensities of these enterprises. It also shows that the main effect is heterogeneous as it is moderated by other enterprise and environmental factors. Practical implications Enterprises should recognize the positive effect that foreign participation in them can have on internationalization intensity. Managers of African enterprises need to look beyond the investments into enterprises that foreign owners offer and take advantage of their foreign market knowledge and legitimacy. Discrimination in local markets could be considered as a push factor to internationalize. Originality/value While the study is not the first to explore the relationship between foreign ownership and internationalizing behavior, it is one of the earliest to show that the relationship is heterogeneous, and it provides some key moderators.

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PETRYSHYN, Nataliia, Yuliia CHYRKOVA, and Mariana BORTNIKOVA. "Features of the SPACE method using for the optimal choice making of strategy development of foreign economic activity." Economics. Finances. Law, no. 11/2 (November 27, 2020): 11–16. http://dx.doi.org/10.37634/efp.2020.11(2).4.

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Introduction. Activation of international business requires the formation of a strategy for the development of foreign economic activity, because its implementation allows to increase competitiveness and flexibility under conditions of the business environment changes. Nowadays, the problems of developing the foreign economic strategy of the enterprise become especially relevant, because the modern conditions of commercial activity require fundamentally new standards, management methods and stages of international business organizing. The purpose of the paper is to study the peculiarities of the application of the method of strategic analysis SPACE for the implementation of the optimal choice of development strategy of domestic enterprises on the example of Electroprylad SPE LLC. Results. The SPACE method is to develop an assessment of the strategic position and strategic actions of the enterprise. This is a comprehensive method of strategic analysis, which allows you to identify and characterize the competitive position in the market in order to select the best strategy for the enterprise to act at the market. The introduction of the SPACE method for the implementation of the optimal choice of development strategy of Electroprylad SPE LLC provides for the implementation of successive stages: analysis of financial strength; determination of competitive positions in foreign markets; assessing the attractiveness of potential foreign markets; assessment of prospects for potential stability in foreign markets; selection of the optimal strategy for the development of foreign economic activity of the enterprise based on the results of the SPACE method. The SPACE method allowed to form a group of priority characteristics and parameters of Electroprylad SPE LLC activity, which were previously identified from all existing variety, allowed to organize them and determine the complex impact on the management decision-making process by validity, as well as to choose the best foreign economic development strategy. Conclusion. Implementation of the SPACE method for selecting the strategy of foreign economic activity development of Electroprylad SPE LLC is connected with the mandatory involvement leading specialists in the strategic analysis in order to perform the necessary tasks related to the methodology of strategic analysis. The set of criteria is determined taking into account the internal priorities of work and external strategic goals of foreign economic activity. The parameters of the production and financial strength of Electroprylad SPE LLC must be fully taken into account.

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Ha, Nguyen Minh, Quan Minh Quoc Binh, and Pham Phi Dang. "Cultural Distance and Entry Modes in Emerging Markets: Empirical Evidence in Vietnam." Journal of Risk and Financial Management 13, no. 1 (January 10, 2020): 14. http://dx.doi.org/10.3390/jrfm13010014.

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Cultural distance is acknowledged as a crucial factor that significantly affects the entry mode selection of multinational enterprises. The purpose of this article is to analyze the relationship between cultural distance and entry mode choice by exploring a novel dataset of 5236 firms in Vietnam with foreign investment during the period 2005–2016. Although many studies were conducted about the cultural distance and entry mode nexus, most of the research mainly focuses on developed and developing countries, where a market economy is already established. It is important to expand the research to a transition economy such as Vietnam, where the government is committed to attracting foreign investment. The results indicate that, when the cultural difference between Vietnam and their home country is high, foreign-invested firms prefer wholly-owned subsidiaries (WOS) over equity joint ventures (EJV). The study contributes to the general understanding about cultural distance and entry mode decision of foreign-invested firms in emerging markets.

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Banerjee, Rupa, Feng Hou, Jeffrey G. Reitz, and Tingting Zhang. "Evaluating Foreign Skills: Effects of Credential Assessment on Skilled Immigrants’ Labour Market Performance in Canada." Canadian Public Policy 47, no. 3 (September 1, 2021): 358–72. http://dx.doi.org/10.3138/cpp.2021-014.

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Formal educational qualification is increasingly built into immigrant selection systems in many countries, but in a global context, the transferability and portability of such qualifications has been questioned. In 2013, Canada introduced the requirement for a formal assessment of educational credential equivalence for applicants in the skilled worker category. In this study, we use a Canadian national immigration database and difference-in-differences methodology to investigate whether requiring formal Educational Credential Assessment (ECA) as part of the selection process for skilled immigrants has improved labour market outcomes. Our results indicate that the ECA requirement is positively related to early employment rates and earnings for both men and women. However, this effect is limited to those with no previous employment experience in Canada. We also find that, even with the ECA requirement, significant differences in the earnings of immigrants from different source regions remain. Implications and recommendations are discussed.

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Journal articles on the topic 'Foreign market selection'

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