Business groups and internationalization

Placeholder Show Content


Prior research on how firms in developing countries undergo internationalization has been limited. However, as more firms have successfully internationalized in recent years, there is a need for better understanding why, how, and where they choose to internationalize. This dissertation examines the internationalization of business groups in developing countries and the importance of institutional settings. Based on this examination, this dissertation advances the thesis that business groups have two paths that need to be balanced in order for business groups to thrive. The first path is to enter other institutionally close developing countries by exploiting the firm's existing resources and know-how. The second path is to enter institutionally close developed countries to acquire technological sophistication and improve their organizational learning capabilities through long-term investments. This dual approach enables business groups to survive economic downturns and outperform established industry leaders as seen during the recent financial crisis. In support of this thesis, I incorporate several prior theories on the liability of foreignness and institutional theory; investigate the role of culture in the internationalization of business groups; and analyze two in-depth case studies. This multi-pronged approach provides a framework for scholars to better understand the internationalization and associated strategic motives. This study contributes to the theory of internationalization and to the ongoing research of culture in the field of international business. Lastly, this study makes valuable recommendations to managers and government policymakers on how to optimize the resources and capabilities of business groups to support their domestic markets.


Type of resource text
Form electronic; electronic resource; remote
Extent 1 online resource.
Publication date 2017
Issuance monographic
Language English


Associated with Lee, June Y
Associated with Stanford University, Department of Management Science and Engineering.
Primary advisor Tse, Edison
Thesis advisor Tse, Edison
Thesis advisor Katila, Riitta
Thesis advisor Weyant, John P. (John Peter)
Advisor Katila, Riitta
Advisor Weyant, John P. (John Peter)


Genre Theses

Bibliographic information

Statement of responsibility June Y. Lee.
Note Submitted to the Department of Management Science and Engineering.
Thesis Thesis (Ph.D.)--Stanford University, 2017.
Location electronic resource

Access conditions

© 2017 by June Young Lee
This work is licensed under a Creative Commons Attribution Non Commercial 3.0 Unported license (CC BY-NC).

Also listed in

Loading usage metrics...