Gespeichert in:
| Hauptverfasser: | , , , , |
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| Format: | Recurso digital |
| Sprache: | |
| Veröffentlicht: |
Zenodo
2026
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| Online-Zugang: | https://doi.org/10.5281/zenodo.19921412 |
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Inhaltsangabe:
- <p>This study examines the role of strategic management in global market entry. Specifically, it examines how Central Asian companies adapt their internationalization strategies in the face of geopolitical fragmentation and institutional transformation. Using panel data from Kazakhstan and Uzbekistan for the period 2010–2025, the paper also examines the influence of geopolitical risk, state ownership, institutional quality, and digital capabilities on the degree and direction of companies' internationalization. The use of fixed-effects estimation and a systemic GMM method also demonstrates that increasing geopolitical risk exacerbates regionalization trends, while digitalization moderates geographic concentration. State ownership significantly influences politically oriented international expansion. The findings extend internationalization and institutional theory by incorporating geoeconomic fragmentation into the analysis of emerging market multinational enterprises (MNEs). The study contributes to the limited literature on Central Asian companies and offers policy recommendations for enhancing strategic resilience.</p>