Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2018.1436456
Entry timing into international markets: evidence from the Taiwanese service industry
Fang-Yi Lo
; Department of International Business, Feng Chia University, Taichung, Taiwan
Alena Kletsova
; Department of International Business, Feng Chia University, Taichung, Taiwan
Sažetak
The aim of this study was to explain the determinants of service
industry firms’ entry timing into new international markets. On the
basis of the relevant literature, a framework was proposed comprising
firm-specific, experience and industry factors. Linear regression
analysis was conducted to examine the relationships between the
factors, entry timing and subsequent performance. This study also
investigated the timing of initial investment in a foreign market. The
final sample contained 174 listed companies from various service
industries in Taiwan. The latest financial data collected were from
the year 2015. Based on the entry information of listed Taiwanese
companies, the empirical results indicated that older firms exhibiting
higher levels of internationalisation, having lower debt ratios and
originating from more competitive sub-industries tend to enter
new international markets earlier than other firms. Service industry
companies exhibit superior performance if they enter the markets
later. Furthermore, the study results support the idea that entry timing
is a mediator between the factors and international performance,
which helps companies achieve greater performance.
Ključne riječi
Entry timing; performance; service international
Hrčak ID:
206092
URI
Datum izdavanja:
3.12.2018.
Posjeta: 1.682 *