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International Expansion Within and Outside the Home Region: Performance Implications for Emerging Market Exporters

Year: 2026

Type: article

Abstract: This study analyses how international expansion, both within the home region (regional exports) and outside the home region (global exports), affects the performance of emerging-market exporters. In addition, it examines the moderating effect of the level of development of destination countries and the dynamism of the industry in the home country (home-industry dynamism). Using panel data from 2174 Colombian firms during the period 2017–2021 we found that both expansions, within and outside the home region, positively affected performance. Additionally, the relationship between regional exports and performance was positively moderated by lower development levels of the destination countries within the home region. Contrary to expectations, we found no moderating effect from industry dynamism or the level of development of countries outside the home region. These results challenge traditional views on internationalisation and offer new insights for firms in emerging markets.

Source: Management International Review

DOI: 10.1007/s11575-026-00623-w

Authors: Daniel Botero-Guzmán, Marisa Ramírez-Alesón

Institutions: Universidad Autónoma de Bucaramanga, Universidad de Zaragoza

Language: English

Topic: International Business and FDI

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Decent work and economic growth, Industry, innovation and infrastructure

Open Access status: hybrid

Estimated APC paid: $3,290