The internationalization of services is a natural part of the evolutionary development of anopen market economy. This is neither a recent nor passing phenomena, but a developmenttrajectory along which market economies have run for millennia. The internationalization(or globalization) of economic...

After its economic opening in 1978, China has become more and more attractive for foreign direct in-vestments and has developed into a strong internationalization target for other countries. This study ana-lyzes the internationalization-performance relationship of German companies entering the...

We employ Dunning´s eclectic paradigm (OLI) to shed light onto low fare airlines´ (LFA) internationalization strategies. In addition to 31 European LFA, we also analyze the internalzation strategies of 41 LFA in the Asia-Pacific region. [...]

Securing access to “lead markets” is generally regarded as a key driver for the increasing globalization of innovation since these are considered to be “early indicators” for emerging customer needs. Such markets, therefore, offer a good chance of uncertainty reduction for in the...

This study assesses the impact of the single market program (SMP) and the European monetary union (EMU) on the German banking sector. As in contrast to manufacturing or agriculture, many industries within the services sector could seal themselves off the competitors in foreign countries up to...

This paper suggests that current research on international business should provide for a more prominent role of Politics in its analysis. International research examines transactions that reach across national borders, yet nations and their borders have so far not been sufficiently...

This paper argues that corruption patterns are endogenous to political structures. Thus, corruption can be systemic and planned rather than decentralized and coincidental. In an economic system without law or property rights, a kleptocratic state may arise as a predatory hierarchy from a state...

This paper estimates a trivariate two-factor conditional version of the Intertemporal CAPM of Merton (1973).