•Deployment of Internet marketing capabilities enhances international information.•Internet marketing capabilities indirectly leads to international market growth.•International strategic orientation ...is key in leveraging.•Internet marketing Normal 0 false false false EN-AU X-NONE X-NONE.
The Internet has been shown to facilitate elements of internationalisation such as information accumulation and network opportunities. However, there is limited understanding of how the Internet combined with marketing capabilities drives international market growth. This study, based on a sample of 224 Australian firms, develops and tests, using structural equation modelling (SEM), a conceptual model of Internet marketing capabilities and international market growth. Results indicate that firms deploying Internet marketing capabilities will benefit due to the reduction of information uncertainty and increased capacity to develop international network capabilities. Moreover, Internet marketing capabilities indirectly lead to international market growth when the firm has a high level of international strategic orientation and international network capabilities. Overall, Internet marketing capabilities enhance the firm's ability to generate other internal capabilities within the firm, which in turn have a positive impact on the international market growth of the firm.
The primary objective of this study is to empirically examine the effect of stock market growth and foreign direct investment (FDI) inflows on CO2 emissions. Further, this study investigates the ...impact of renewable energy consumption on CO2 emissions and economic output in a panel of the G20 countries. The empirical analysis was carried out on the full sample as well as on sub-samples of developed and developing economies of the G20 member countries. The results confirm a significant long-run equilibrium relationship among the variables across the panels. Further, the long-run elasticities suggest that FDI significantly reduces CO2 emissions in the full sample and developing economies while stock market growth reduces in developed economies. Similarly, the renewable energy consumption substantially reduces CO2 emissions and increases economic output across the panels. Our findings have important policy implications. For instance, the policy makers have to initiate effective policies to promote the renewable energy sources to meet the increasing demand for energy by replacing the use of conventional energy such as coal, gas and oil. This will therefore help to reduce the CO2 emissions and also ensure sustainable economic development in the G20 nations.
•Impact of renewable energy consumption on CO2 emissions and economic output•The effect of stock market growth and foreign direct investment (FDI) inflows on CO2 emissions in G20 countries•Provides a comprehensive analysis of the relationship for G20 countries
This study explores strategies to expand Korea's top 10 seafood export in the oversea market, with a specific focus on the impact of export concentration. For certain seafood items such as laver, ...crab, and mackerel, characterized by low export concentration, adopting a focused export expansion strategy is more effective. Conversely, highly concentrated seafood items such as toothfish, cod, pollack, and abalone face high risks in export performance due to their heavy reliance on a small number of key export countries. To ensure export stability, it is advisable to implement a diversified export expansion strategy for these highly concentrated seafood items. In the case of medium-concentration seafood items like tuna, oyster, and flounder, the decision between a concentrated or diversified strategy should be based on their specific export situations. Tailoring strategies to the distinctive market characteristics of each seafood item enables exporters to effectively increase oversea market share, promoting stability and sustained growth in export performance.
This study investigates the impact of both FDI inflows and stock market developments on clean energy use across 20 emerging market economies, spanning the period 1991–2012. It accounts for ...cross-sectional dependence and heterogeneity in the analysis and employs robust panel econometric techniques. The empirical results on long-run elasticities display that economic output, FDI inflows and stock market developments have all a significant positive impact on clean energy consumption. Finally, the results on heterogeneous panel non-causality tests indicate the presence of unidirectional causality running from FDI to clean energy consumption in the short-run. For robustness purposes, the paper also estimates long-run elasticities for individual countries, with the findings documenting that both FDI inflows and stock market developments have a considerable positive impact on clean energy uses. The findings urge that both policy makers and governments in these emerging market economies should initiate effective public-private-partnership investments in clean energy projects by providing lucrative incentives, which, in turn, will encourage both domestic and foreign investors to invest more in clean energy projects and, eventually, moving these economies towards sustainable economic growth.
•This study explores the impact of FDI inflows and stock market on clean energy use.•It uses 20 emerging market economies spanning the period 1991–2012.•It accounts for cross-sectional dependence and panel econometric methodologies.•Output, FDI inflows and stock markets positively impact clean energy consumption.•Policy makers should initiate effective investments in clean energy
•The order of entry has a U-shaped influence on firm performance in online IT service markets.•This nonlinear entry timing effect holds with different performance metrics.•Market growth moderates ...this nonlinear entry timing effect, but market concentration does not.
Market entry timing, which is also known as entry order, has been proven to significantly influence firm performance under different circumstances. The inherent nature of the online context and IT services complicates the relationship between entry timing and firm performance. This study empirically examined entry timing effects in the online IT service market and the moderating effects of market characteristics. With a unique dataset collected from an online IT service platform, we discovered that entry timing has a U-shaped effect on firm performance: both early and late entry resulted in superior performance to that of intermediate entry. We also revealed that market growth moderates these curvilinear entry timing effects, with both early and late entrants benefiting more in high-growth markets than they did in low-growth markets. The results of this research enrich the relevant entry timing theories by examining entry timing effects in emerging marketplaces and the contingencies of markets.
•The contracts are more effective than incentives for the FCEV market growth.•The fuel price contract leads to the highest market demand and annual profits.•The supplementary subsidy contract ...increases profits per investment.•Capital cost-based incentives accelerate to reach a target market size.•Consumer-oriented and operating cost-based incentives enhance the market demand.
Climate change has emerged as one of the most challenging problems facing the world. Due to the greenhouse gas emissions of gasoline and diesel-powered vehicles, automakers have introduced more eco-friendly products, such as fuel cell electric vehicles (FCEVs). However, despite government policies and collaborations, the market share of FCEVs is far below the target level. Hence, this paper focuses on the FCEV market growth and analyzes the effects of contracts and government incentives. The fuel price (FP) and supplementary subsidy (SS) contracts are developed for collaborating a hydrogen supplier and automaker framework. Furthermore, four different government incentives are examined. The results imply that incentives supporting the capital costs are more effective in the startup phase to increase the number of companies entering the market and accelerate to reach a target market size. On the other hand, consumer-oriented and operating cost-based incentives are more capable of market demand enhancement and growth. Only the tax credit of 8,000 USD generates higher market demand and annual profits than the contracts in some cases, and both contracts dominate all the other incentives. Hence, depending solely on government incentives will not be enough for market growth, and it will take ages to reach a target market size without contracts. The stakeholders with sufficient initial capital can prefer the FP contract to achieve the highest market demand and annual profits. If the stakeholders have less capital, they can apply the SS contract to earn higher profits per investment. Both contracts are strict Pareto improving and fair.
Previous studies show that the Internet positively influences firms’ export activities from developed markets. However, the literature is vague as to whether the Internet has an impact on the export ...performance of firms from emerging markets. This study tests a conceptual model that includes the effect of Internet marketing capabilities on export market growth in an emerging market. Drawing on a cross-national sample of 204 export firms from a Latin American country (Chile), findings indicate that Internet marketing capabilities positively influence the availability of export information, which in turn impacts the development of business network relationships and export market growth.
Research summary: Market conditions are known to matter for firm performance and growth. This study explores how changing levels of uncertainty and competition affect interfirm ties of ...entrepreneurial firms as markets transition from nascent to growth stage. Tracing six entrepreneurial game publishers during the growth stage of the U.S. wireless gaming market, the findings reveal that in a growth stage market, as uncertainty decreases, certain ties of entrepreneurial firms are terminated. First, existing partners may cut ties and become competitors after entering the market directly. This is a "winner's curse" as more successful firms are more likely to entice their partners to enter the market directly. Second, ties may be terminated as prominent firms that are "overwhelmed" with too many partners cut ties with low to mediocre performance, while their remaining partners enter a positive spiral of tie strength and performance. Finally, as uncertainty decreases, new firms may enter the market as competitors to prominent firms. While entrepreneurial firms with high- and low-performing ties to prominent partners may find ties with these new entrants attractive, those with mediocre ties to few prominent partners find this move too risky and wait for a first mover to legitimate it. Overall, the findings show that changing levels of uncertainty and competition in growth stage markets can have different consequences for firms due to heterogeneity in their ties and power relative to partners. The findings provide several contributions to literature regarding the relationship among interfirm ties, firm performance, and market evolution. Managerial summary: Based on interviews at six entrepreneurial game publishers in the United States and their partners, this study shows how changing levels of uncertainty and competition in growing markets can have different consequences for firms based on the different types of alliances in their portfolio and their power relative to partners. The findings highlight the importance of managing partners differently based on alliance type and goal of the partner. They advocate remaining flexible in alliance management as information asymmetries, intentions and bargaining power of partners can change and lead to abrupt alliance dissolution. They show that alliance portfolio management goes beyond a firm's capability of managing individual alliances, and provide a tool for managers to evaluate their alliance portfolios and take the necessary precautions.
Purpose – The purpose of this paper is to explore the relationship between entrepreneurial orientation (EO) and firm performance across different levels of environmental hostility and market growth. ...The contingency approach of two-way interactions of EO with each environmental variable is contrasted with the configurational approach of three-way interactions of EO simultaneously with different levels of both environmental variables. Design/methodology/approach – Hierarchical regression analysis is applied for the pooled data set of 163 Finnish and Russian small- and medium-sized enterprises, and supplemented with post hoc analysis of the differences in regression slopes across environmental configurations. Findings – Results show that EO is directly and positively associated with firm performance. However, the strength and direction of this relationship varies by configurations of the external environment variables. Firms achieve superior performance when adopting EO in environments with high levels of both hostility and market growth. In contrast, in favorable environments with low hostility and high market growth, EO adoption leads to lower firm performance. Research limitations/implications – The study contributes to the EO literature by demonstrating different effects of EO on firm performance across various environmental configurations. It uses cross-sectional data from two countries. Replication studies using different samples may further corroborate the results. Practical implications – In order to take advantage of opportunities and achieve better performance, managers of firms should analyze multiple elements of the environment concurrently and align EO to those conditions. Originality/value – The configurations of environmental hostility and market growth, representing both favorable and unfavorable elements of business context, have not been previously investigated together in one model of the EO-performance relationship.
This article explores the innovation orientation of small and medium-sized enterprises (SMEs) through a quantitative study of 380 Norwegian exporting SMEs. Although recent research emphasises the ...influence of resource scarcity on SME innovation orientation, we argue that no clear hypothesis can be made about this relationship; rather, we focus on the role of managers and owners in influencing innovation orientation. We find that resource scarcity is not correlated with the innovation orientation of SMEs, while the growth ambitions of managers and owners strongly and positively influence their focus on both exploratory and exploitative innovation. Contrary to our expectations, we find that managerial perception of competitive intensity only moderately influences innovation orientation, while managerial perception of market growth does not influence innovation orientation. Our findings suggest that achieving ambidexterity is primarily a matter of ambition and entrepreneurial capability, rather than an issue of having the necessary resources or lucrative market conditions to innovate ambidextrously. As we also find that ambidextrous SMEs have the strongest innovation performance, our findings indicate that SMEs both can and should be ambidextrous.
PDF
