Investigating the international expansion of high growth power providers in emerging markets: motives, management and entry modes

Abstract

This paper explores motivations for pursuing internationalisation as a strategy in emerging markets. We track the internationalisation paths of six international power producers that are active in developed and emerging markets in our analysis with further focus on diverging modes of entry and the entrepreneurial attitude impacts of top-level management. Key takeaways from this contribution are that firms in highly controlled capitally intensive infrastructure industries are highly sensitive to changes in the regulatory environment and that many firms are capturing extreme growth through a variety of entry modes in emerging markets. We conclude with implications for policy, academia, and managers alike.