Finance strategies of rapidly‐growing Finnish SMEs: Born Internationals and Born Globals

Mika Gabrielsson (Helsinki School of Economics, Helsinki, Finland)
Viveca Sasi (Helsinki School of Economics, Helsinki, Finland)
John Darling (Helsinki School of Economics, Helsinki, Finland)

European Business Review

ISSN: 0955-534X

Publication date: 1 December 2004

Abstract

During the past decade, several studies have explored the characteristics of Born International and Born Global business firms, and the reasons for their increase in size and numbers. The objective of this study is to explore the influence of financing strategies and the commensurate finance management capabilities on the globalization of Finnish Born International and Born Global small and medium size enterprises (SMEs). The resulting knowledge from this study should prove valuable for academic researchers, political decision‐makers and business managers. Interestingly, the results of the study show that Born Globals had greater access to superior financial resources and stronger finance‐related managerial resources right from the start‐up phase than did Born Internationals. An interesting finding also focused on the fact that Born Globals were able to more quickly obtain global management‐related skills and industry‐specific business experience through the use of external business partners and venture capital representatives. These findings may partially explain the Born Globals' rapid expansion into world markets in comparison to Born Internationals, and also the failures of other types of enterprises in these same markets.

Keywords

Citation

Gabrielsson, M., Sasi, V. and Darling, J. (2004), "Finance strategies of rapidly‐growing Finnish SMEs: Born Internationals and Born Globals", European Business Review, Vol. 16 No. 6, pp. 590-604. https://doi.org/10.1108/09555340410565413

Download as .RIS

Publisher

:

Emerald Group Publishing Limited

Copyright © 2004, Emerald Group Publishing Limited

Please note you might not have access to this content

You may be able to access this content by login via Shibboleth, Open Athens or with your Emerald account.
If you would like to contact us about accessing this content, click the button and fill out the form.
To rent this content from Deepdyve, please click the button.