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The pitfalls of internationalization: the experience of American life insurers in Australia, 1885-1905
In the latter part of the nineteenth century, the three largest life insurance companies had a presence in more than forty countries. In the 1880s they turned their attention to the Australian colonies, in which life insurance markets were expanding. The venture, however, was met with unexpected market resistance, and the expectations of the Big Three were never fully met. An eclectic paradigm provides an explanatory tool, which is applied to an investigation of the experiences of American companies. These companies were not able to realize the ownership and location, or internalize the advantages, needed to build a sustainable presence in the Australian life insurance market.
History
Journal
Enterprise and societyVolume
19Issue
1Pagination
31 - 57Publisher
Cambridge University PressLocation
Cambridge, Eng.Publisher DOI
ISSN
1467-2227eISSN
1467-2235Language
engPublication classification
C Journal article; C1 Refereed article in a scholarly journalCopyright notice
2018, The AuthorUsage metrics
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