Endowment of Intangible Resources and Phases of Internationalization in Emerging Economies. The Case of Russia

16 Pages Posted: 12 Nov 2015

See all articles by Carlos M. Fernández-Jardón

Carlos M. Fernández-Jardón

University of Vigo - Departamento de Economia Aplicada

Mariya Molodchik

National Research University Higher School of Economics, Perm Campus

Date Written: November 12, 2015

Abstract

The paper explores the relationship between different types of intangible resources and phases of the internationalization in the context of emerging economies. The Uppsala model is applied to build internationalization index considering export, import and investment activities. The database of more than 2000 Russian companies is used to test the hypotheses put forward. The findings reveal that relational capital has significant positive impact on each stage of internationalization; organizational capital improves internationalization except the last stage of being multinational. Contrary to our expectations human capital has no direct impact on internationalization; notwithstanding it has positive effect on relational and structural capital.

Keywords: internationalization, internationalization index, Uppsala model, intangible resources, emerging markets, Russian companies, relational capital, structural capital, human capital, regression analysis

JEL Classification: Z

Suggested Citation

Fernández-Jardón, Carlos M. and Molodchik, Mariya Anatolievna, Endowment of Intangible Resources and Phases of Internationalization in Emerging Economies. The Case of Russia (November 12, 2015). Higher School of Economics Research Paper No. WP BRP 22/IR/2015, Available at SSRN: https://ssrn.com/abstract=2689643 or http://dx.doi.org/10.2139/ssrn.2689643

Carlos M. Fernández-Jardón

University of Vigo - Departamento de Economia Aplicada ( email )

E.U. de Enx. Técn. Industrial.
Vigo, Pontevedra E-36200
Spain

Mariya Anatolievna Molodchik (Contact Author)

National Research University Higher School of Economics, Perm Campus ( email )

Studencheskaya street, 38
Perm, Perm 614017
Russia

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