The Timing of Entry into International Markets
One important dimension of the process of internationalisation is the timing of entry. It is often maintained that high-tech markets are highly internationalised. Competition and industry structures are global in scope. Therefore, even young firms have to enter foreign markets early in their life in order to enhance their competitiveness and to expand output. In so doing they gain from economies of scale or the participation in the development of the dominant technology design, etc. This chapter deals with these process issues by looking at the time structure of young firms’ entries into the international markets.
KeywordsHazard Rate Hazard Function International Market Foreign Market Market Entry
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