“…While in most studies dealing directly with the internationalization of emerging economies, multinationals have been centered on Asian companies (Buckley and Mirza, 1988;Chen and Chen, 1998;Collinson and Rugman, 2007;Goldstein, 2009;Kumar and Kim, 1984;Matthews, 2006;Pangarkar, 1998;Ramstetter, 1999;Yeung, 2000), or on other Latin American countries such as Brazil, Chile and Mexico. This paper offers a contribution to the internationalization literature of companies from a specific and under-researched Latin American country: Colombia.…”