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Internationalization of Traditional and E-Business in Finance: A Comparative Study

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  • Ahsan Pervaiz

    (MBA Scholar, Iqra University, Karachi, Pakistan)

Abstract

The phenomenon of internationalization has been extensively investigated leading to the formulation of frameworks to encapsulate its fundamental principles. However, recent technological innovations have dismantled previously unassailable barriers. This same technological progress has increased digitized enterprises more aptly known as E-Business Companies (EBCs). This study serves a dual purpose: firstly to delve into widely researched conventional market entry theories, and secondly, to scrutinize the relevance of these theories concerning the internationalization process for both traditional and electronic businesses operating within the financial sector. Addressing this intricate subject necessitated a cross-case comparative analysis employing secondary data. Potential distinctions and parallels between the two were underscored by juxtaposing the case study entities. The outcomes revealed a contrast between the gradual expansion of traditional companies and the rapid internationalization process of EBCs largely propelled by Internet technology and relatively unencumbered by traditional market entry barriers. Both firms’ managerial strategies and organizational culture influenced their expansion trajectories. This study contributes by consolidating and aggregating existing literature enhancing its applicability and furnishing a foundation for future research in this domain.

Suggested Citation

  • Ahsan Pervaiz, 2023. "Internationalization of Traditional and E-Business in Finance: A Comparative Study," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 12(3), pages 612-628.
    • Handle: RePEc:rfh:bbejor:v:12:y:2023:i:3:p:612-628
    DOI: https://doi.org/10.61506/01.00078
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    References listed on IDEAS

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    1. Yves Doz, 2011. "Qualitative research for international business," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 42(5), pages 582-590, June.
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    3. Pia Arenius & Viveca Sasi & Mika Gabrielsson, 2005. "Rapid internationalisation enabled by the Internet: The case of a knowledge intensive company," Journal of International Entrepreneurship, Springer, vol. 3(4), pages 279-290, December.
    4. Marc Audi & Amjad Ali, 2023. "Unveiling the Role of Business Freedom to Determine Environmental Degradation in Developing Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 13(5), pages 157-164, September.
    5. Ali, Amjad & Audi, Marc, 2023. "Analyzing the Impact of Foreign Capital Inflows on the Current Account Balance in Developing Economies: A Panel Data Approach," MPRA Paper 118173, University Library of Munich, Germany.
    6. Ali, Amjad & Ehsan, Rehan & Audi, Marc & Hamadeh, Hani Fayad, 2022. "Does Globalization Promote Financial Integration in South Asian Economies? Unveiling the Role of Monetary and Fiscal Performance in Internationalization," MPRA Paper 115304, University Library of Munich, Germany.
    7. Laszlo Tihanyi & David A Griffith & Craig J Russell, 2005. "The effect of cultural distance on entry mode choice, international diversification, and MNE performance: a meta-analysis," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 36(3), pages 270-283, May.
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    10. Audi, Marc & Ali, Amjad & Fayad Hamadeh, Hani, 2022. "Nexus among innovations, financial development and economic growth in developing countries," MPRA Paper 115220, University Library of Munich, Germany.
    11. Ali, Amjad & Khokhar, Bilal & Sulehri, Fiaz Ahmad, 2023. "Financial Dimensions of Inflationary Pressure in Developing Countries: An In-depth Analysis of Policy Mix," MPRA Paper 119364, University Library of Munich, Germany.
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