Skip to main content
SpringerLink
Log in

The International Business Cooperation and Its Influence on Enterprise Financial Security Under Globalization

  • Conference paper
  • First Online:
The Future of the Global Financial System: Downfall or Harmony (ISC 2018)

Part of the book series: Lecture Notes in Networks and Systems ((LNNS,volume 57))

Abstract

This article is aimed to analyze the link between internationalization and Meetings-, Incentives-, Conventions- and Exhibitions (MICE) industry which is refer to the destination development. A comprehensive review of the totality of the processes associated with the regional market of Business Tourism, allowed to develop a number of actual tools that make it possible to obtain important practical results. One of these tools is a so called public-private partnership (PPP), to strengthen the trust between government and business representatives on regional level. Practical recommendations for the tourism business activity development can be applied in the regional, national and international business travel market. This article reveals the cooperation process between foreign private companies and the local government in organizing the development of the industry connected to MICE and its influence on enterprise financial security under the globalization.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Log in via an institution
Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 349.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 449.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

References

  • Andersson, S.: Internationalization of the firm from an entrepreneurial perspective. Int. Stud. Manag. Organ. 30(1), 63–92 (2000)

    Google Scholar 

  • Borodako, K.: Key foresight attributes of tourism companies in the city of krakow and the region. Int. J. Tour. Res. 16, 282–290 (2014). https://doi.org/10.1002/jtr.1927

    Article  Google Scholar 

  • Borodako, K., Rudnicki, M.: transport accessibility in business travel – a case study of central and east european cities. Int. J. Tour. Res. 16(2), 137–145 (2014). https://doi.org/10.1002/jtr.1908

    Article  Google Scholar 

  • Kim, D.Y., Lehto, X.Y., Kline, S.F.: Organisational channel discrepancies between CVBs and meeting planners in the USA. Int. J. Tour. Res. 12(2), 103–115 (2010). https://doi.org/10.1002/jtr.737

    Article  Google Scholar 

  • Davidson, R., Cope, B.: Business Travel. Conferences, Incentive Travel, Exhibitions, Corporate Hospitality and Corporate Travel. Pearson Education Limited, Harlow (2003)

    Google Scholar 

  • Dredge, D., Whitford, M.: Event tourism governance and the public sphere. Journal of Sustainable Tourism 19(4–5), 479–499 (2011). https://doi.org/10.1080/09669582.2011.573074

    Article  Google Scholar 

  • Dwyer, L., Forsyth, P.: Impacts and benefits of MICE tourism: a framework for analysis. Tour. Econ. 3(1), 21–38 (1997)

    Article  Google Scholar 

  • Magomedov, Sh.M., Ivanitskaya, L.V., Karataev, M.V., Chistyakov, M.V.: Financial security of Russia (Text): Methodical materials, 60 p. RANS, Moscow (2016)

    Google Scholar 

  • Goymen, K.: Tourism and governance in Turkey. Ann. Tour. Res. 27(4), 1025–1048 (2000). https://doi.org/10.1016/S0160-7383(99)00127-9

    Article  Google Scholar 

  • Grönroos, C.: Marketing services: the case of a missing product. J. Bus. Ind. Mark. 13(4/5), 322–338 (1998). https://doi.org/10.1108/08858629810226645

    Article  Google Scholar 

  • Shi, H., Li, C.: Tourism promotion, increasing returns and domestic welfare. World Econ. 37(7), 995–1015 (2014). https://doi.org/10.1111/twec.12084

    Article  Google Scholar 

  • Gunn, C.A.: Vacationscape: Designing Tourist Regions. Taylor and Francis, Washington (1972)

    Google Scholar 

  • Javalgi, R.G., Martin, C.L., Young, R.B.: Marketing research, market orientation and customer relationship management: a framework and implications for service providers. J. Serv. Mark. 20(1), 12–23 (2006). https://doi.org/10.1108/08876040610646545

    Article  Google Scholar 

  • Javalgi, R.G., White, D.S.: Strategic challenges for the marketing of services internationally. Int. Mark. Rev. 19(6), 563–581 (2002). https://doi.org/10.1108/02651330210451926

    Article  Google Scholar 

  • Johanson, J., Vahlne, J.-E.: The internationalization process of the firm – a model of knowledge development and increasing foreign market commitments. J. Int. Bus. Stud. 8, 23–32 (1977)

    Article  Google Scholar 

  • Johanson, J., Wiedersheim-Paul, F.: The internationalization of the firm – four Swedish cases. J. Manag. Stud. 12(3), 305–322 (1975)

    Article  Google Scholar 

  • Karanina, E.V.: Financial security (at the level of the state, region, organization, personality). - Monograph. - Kirov: FGBOU V VyatGU, 239 p. (2015)

    Google Scholar 

  • Kim, D.K., Kim, C., Lee, T.H.: Public and private partnership for facilitating tourism investment in the Apec Region. Ministry of Culture and Tourism, Republic of Korea (2005)

    Google Scholar 

  • Kumykov, A.M., Shogenov, M.Z., Chemaev, N.A., Shogenova, F.Z., Reshetnikova, N.N.: Informal patterns of civil society and Social stability at a local level. Espacios 38(57), 28 (2017)

    Google Scholar 

  • Linder, S.H.: Coming to terms with the public-private partnership a grammar of multiple meanings. Am. Behav. Sci. 43(1), 35–51 (1999)

    Article  Google Scholar 

  • Lovelock, C.: Services marketing: People, Technology. Strategy. Pearson Prentice Hall, New Jersey (2010)

    Google Scholar 

  • Luostarinen, R.: Internationalization of the Firm, Doctoral dissertation. Helsinki School of Economics, Helsinki (1979)

    Google Scholar 

  • Marques, J., Santos, N.: Developing business tourism beyond major urban centres: the perspectives of local stakeholders. Tour. Hosp. Manag. 22(1), 1–15 (2016). https://doi.org/10.20867/thm.22.1.3

    Article  Google Scholar 

  • Morozova, N.: The impact of internationalization on the Business Tourism in the regions of Russia: challenges and opportunities in the beginning of XXI century. In: Chorzowskie Studia Polityczne. vol. 6, pp. 261–269 (2013)

    Google Scholar 

  • McDougall, P.P., Oviatt, B.M.: International entrepreneurship: the intersection of two research paths. Acad. Manag. J. 43(5), 902–906 (2000). https://doi.org/10.2307/1556418

    Article  Google Scholar 

  • McDougall, P.P., Oviatt, B.M.: Defining international entrepreneurship and modeling the speed of internationalization. Entrep. Theory Pract. 29(5), 537–553 (2005). https://doi.org/10.1111/j.1540-6520.2005.00097.x

    Article  Google Scholar 

  • Nordstrom, K.A.: The internationalization process of the firm searching for new patterns and explanations, Doctoral dissertation, IIB, Stockholm (1991)

    Google Scholar 

  • Obenour, W.L.: Understanding the meaning of the ‘journey’ to budget travellers. Int. J. Tour. Res. 6, 1–15 (2004). https://doi.org/10.1002/jtr.466

    Article  Google Scholar 

  • Porter, M.E.: Competitive Advantage: Creating and Sustaining Superior Performance. Free Press, New York (1985)

    Google Scholar 

  • Porter, M.E.: The Competitive Advantage of Nations. Harvard Business Review, Harvard (1990)

    Chapter  Google Scholar 

  • Rybalka A., Salnikov, V.: Bankruptcies of legal entities in Russia: main trends (Electronic resource): materials of the Center for Macroeconomic Analysis and Short-Term Forecasting within the Program of Fundamental Research of the Higher School of Economics in 2017 TZ-14 (2017). http://www.forecast.ru/_ARCHIVE/Analitics/PROM/2017/Bnkrpc-3-17.pdf

  • Smagina N.N., Magomedov M.G., Buklanov D.A.: Sustainable competitive advantage of the international business tourism on the regional level. In: Popkova E. (eds.) Overcoming Uncertainty of Institutional Environment as a Tool of Global Crisis Management, pp. 541–548 (2017)

    Google Scholar 

  • Strategy of economic security of the Russian Federation for the period until 2030 (Electronic resource): Decree of the President of the Russian Federation of May 13, 2017. No. 208. http://www.kremlin.ru/acts/bank/41921

  • Shlykov, V.V.: Complex provision of economic security of the enterprise. Aleteya, St. Petersburg (2009)

    Google Scholar 

  • Swarbrooke, J., Horner, S.: Business Travel and Tourism. Butterworth-Heinemann, Oxford (2001)

    Book  Google Scholar 

  • Welch, L.S., Luostarinen, R.: Internationalization: evolution of a concept. J. Gen. Manag. 14(2), 34–55 (1988)

    Google Scholar 

  • Whitfield, J., Dioko, L.A.N., Webber, D., Zhang, L.: Attracting Convention and Exhibition Attendance to Complex MICE Venues: Emerging Data from Macao. International Journal of Tourism Research 16, 169–179 (2014). https://doi.org/10.1002/jtr.1911

    Article  Google Scholar 

  • Zahler, A., Iacovone, L., Mattoo, A.: Trade and innovation in services: evidence from a developing economy. World Econ. 37, 953–979 (2014). https://doi.org/10.1111/twec.12117

    Article  Google Scholar 

  • Zapata, M.J., Hall, C.M.: Public-private collaboration in the tourism sector: Balancing legitimacy and effectiveness in local tourism partnerships. the Spanish case. J. Policy Res. Tour. Leis. Events 4(1), 61–83 (2012). https://doi.org/10.1080/19407963.2011.634069

    Article  Google Scholar 

Download references

Author information

Authors and Affiliations

  1. Rostov State University of Economics, Don State Technical University, Rostov-on-Don, Russia

    Natalia Reshetnikova

  2. Don State Technical University, Rostov-on-Don, Russia

    Magomedgabib Magomedov & Dmitry Buklanov

  3. Rostov State University of Economics, Rostov-on-Don, Russia

    Elena Zakharchenko

Authors
  1. Natalia Reshetnikova
    View author publications

    You can also search for this author in PubMed Google Scholar

  2. Magomedgabib Magomedov
    View author publications

    You can also search for this author in PubMed Google Scholar

  3. Dmitry Buklanov
    View author publications

    You can also search for this author in PubMed Google Scholar

  4. Elena Zakharchenko
    View author publications

    You can also search for this author in PubMed Google Scholar

Corresponding author

Correspondence to Natalia Reshetnikova .

Editor information

Editors and Affiliations

  1. Institute of Scientific Communications, Volgograd, Russia

    Elena G. Popkova

Rights and permissions

Reprints and permissions

Copyright information

© 2019 Springer Nature Switzerland AG

About this paper

Check for updates. Verify currency and authenticity via CrossMark

Cite this paper

Reshetnikova, N., Magomedov, M., Buklanov, D., Zakharchenko, E. (2019). The International Business Cooperation and Its Influence on Enterprise Financial Security Under Globalization. In: Popkova, E. (eds) The Future of the Global Financial System: Downfall or Harmony. ISC 2018. Lecture Notes in Networks and Systems, vol 57. Springer, Cham. https://doi.org/10.1007/978-3-030-00102-5_31

Download citation

Publish with us

Policies and ethics

Search

Navigation