Internationalization is recognized as a key strategic action for firms from emerging markets. This paper contributes to our understanding of springboard internationalization by examining the speed with which firms conduct their first cross-border acquisition (CBA). Our findings encompassing emerging market firms (8,163 Indian listed firms resulting in 57,585 firm-year observation) over 17 years from 2000 to 2017) suggest that younger and unaffiliated firms are more likely to pursue aggressive internationalization by conducting their first CBA quicker. Furthermore, we find support for moderating impact of heterogeneity in business groups and competitive intensity on the relationship between firm age and aggressive internationalization.
|Journal||Academy of Management Proceedings|
|Publisher||Academy of Management|