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Measuring the Degree of Internationalization (DOI) of Indian Manufacturing Companies


Affiliations
1 PhD Scholar, SVKM’s NMIMS University, V. L. Mehta Road, Vile Parle (West), Mumbai – 400 056, India
2 Distinguished Professor & Former Vice-Chancellor, SVKM’s NMIMS University, V. L. Mehta Road, Vile Parle (West), Mumbai – 400 056, India
3 Associate Dean, SVKM’s NMIMS University, V. L. Mehta Road, Vile Parle (West), Mumbai – 400 056, India
4 Associate Professor, Tata Institute of Social Sciences, Mumbai – 400 088, India
     

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Many Indian companies from manufacturing sectors such as industrial, consumer discretionary, and materials have forayed into international markets through exports, overseas ventures, mergers and acquisitions (M&As), joint ventures, etc. Still, there remain unanswered findings to be gained from new research to measure the degree of internationalization (DOI) of international business operations by applying an index, for the first time, to Indian manufacturing companies. Moreover, existing studies, predominantly emanating from developed economies, have explored DOI in the context of developed economies. The extant approaches are limited because explaining the phenomenon of measuring the DOI of firms from emerging economies using frameworks designed for companies in developed countries may lead to incorrect results, as they are characterized by institutional voids like poor governance, greater governmental control, and nascent institutions. This original empirical investigation researched vital phenomena pertaining to Indian manufacturing companies by addressing the gaps outlined above. Researchers can cite germane measures of DOI via the proposed index to support academics and practitioners to determine whether a specific Indian manufacturing company has recently ventured into or plans to launch into the international markets by employing a more thorough composite measure of DOI.

Keywords

Degree of Internationalization, Indian Manufacturing Firms, Multinational, Foreign Direct Investment, Emerging Economies, Strategic Management.

Paper Submission Date : April 29, 2021 ; Paper Sent Back for Revision : May 15, 2021 ; Paper Acceptance Date : May 20, 2021 ; Paper Published Online : October 15, 2021.

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  • Measuring the Degree of Internationalization (DOI) of Indian Manufacturing Companies

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Authors

Ramakrishnan Ramamurthi
PhD Scholar, SVKM’s NMIMS University, V. L. Mehta Road, Vile Parle (West), Mumbai – 400 056, India
Rajan Saxena
Distinguished Professor & Former Vice-Chancellor, SVKM’s NMIMS University, V. L. Mehta Road, Vile Parle (West), Mumbai – 400 056, India
Bala Krishnamoorthy
Associate Dean, SVKM’s NMIMS University, V. L. Mehta Road, Vile Parle (West), Mumbai – 400 056, India
Gordhan Saini
Associate Professor, Tata Institute of Social Sciences, Mumbai – 400 088, India

Abstract


Many Indian companies from manufacturing sectors such as industrial, consumer discretionary, and materials have forayed into international markets through exports, overseas ventures, mergers and acquisitions (M&As), joint ventures, etc. Still, there remain unanswered findings to be gained from new research to measure the degree of internationalization (DOI) of international business operations by applying an index, for the first time, to Indian manufacturing companies. Moreover, existing studies, predominantly emanating from developed economies, have explored DOI in the context of developed economies. The extant approaches are limited because explaining the phenomenon of measuring the DOI of firms from emerging economies using frameworks designed for companies in developed countries may lead to incorrect results, as they are characterized by institutional voids like poor governance, greater governmental control, and nascent institutions. This original empirical investigation researched vital phenomena pertaining to Indian manufacturing companies by addressing the gaps outlined above. Researchers can cite germane measures of DOI via the proposed index to support academics and practitioners to determine whether a specific Indian manufacturing company has recently ventured into or plans to launch into the international markets by employing a more thorough composite measure of DOI.

Keywords


Degree of Internationalization, Indian Manufacturing Firms, Multinational, Foreign Direct Investment, Emerging Economies, Strategic Management.

Paper Submission Date : April 29, 2021 ; Paper Sent Back for Revision : May 15, 2021 ; Paper Acceptance Date : May 20, 2021 ; Paper Published Online : October 15, 2021.


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DOI: https://doi.org/10.17010/ijom%2F2021%2Fv51%2Fi10%2F166438