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1 – 10 of over 6000Philippe Hermel and Imane Khayat
The purpose of this paper is to identify and analyze resources and capabilities that distinguish between traditional, slow born‐global and rapid born‐global micro‐firms.
Abstract
Purpose
The purpose of this paper is to identify and analyze resources and capabilities that distinguish between traditional, slow born‐global and rapid born‐global micro‐firms.
Design/methodology/approach
The study uses multiple case study methodology. Three case studies are presented to compare the internationalization pathways of three French micro‐firms.
Findings
The paper emphasizes the importance of leveraging between internal and external resources for rapid internationalization of micro‐firms. The rapid internationalization is driving and facilitated by managerial abilities, innovation and network. The study shows that analysis of micro‐firms in terms of resources and capabilities enhances the understanding of internationalization.
Research limitations/implications
Because it is limited to three case studies, the generalization of findings to a broad sample of French micro‐firms will be needed.
Practical implications
The research suggests that two‐level analysis (i.e. individual level and micro‐firm level) should be considered when examining rapid internationalization. Micro‐firm top managers need to be aware of the importance of developing internal resources to facilitate incorporation of new external resources. Their experience and expertise in addition to the micro‐firm's innovation capacity or reputation can be used to expand rapidly abroad.
Originality/value
The distinction between traditional, slow born‐global and rapid born‐global French micro‐firms in terms of resources and capabilities makes this study original.
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Daniel Gulanowski, Nicolas Papadopoulos and Llynne Plante
This paper aims to critically review and integrate the literature available on Uppsala (incremental) and Born Global (rapid) internationalization models and propose an integrative…
Abstract
Purpose
This paper aims to critically review and integrate the literature available on Uppsala (incremental) and Born Global (rapid) internationalization models and propose an integrative model that applies to both the initial and subsequent stages in internationalization.
Design/methodology/approach
This study draws on a systematic review and analysis of the relevant literature, using 87 articles from 28 journals which deal with the Uppsala and/or Born Global conceptualizations.
Findings
To date, the two views of internationalization have been presented as competing and fundamentally different explanations, as past research focuses mostly on the original 1977 Uppsala model without accounting for its five subsequent extensions (1990-2013) and not considering in sufficient depth the critical role of the knowledge construct in both models.
Research limitations/implications
The study focuses on English-only publications dealing expressly with the Born Global and Uppsala models; while some studies which address the focal theme tangentially may have been missed, the systematic approach to identifying the key studies of interest and the focus on a carefully delineated research domain provides confidence that the main studies relevant to the theme have been captured.
Originality/value
The study highlights the important role of knowledge in the internationalization of firms, and it addresses the current divide between the “incremental” and “rapid” conceptualizations which have impeded the development of theory, by positing six research propositions and an integrative model that accounts for both the incremental and rapid approaches.
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Yue Vaughan and Yoon Koh
The purpose of this study is to investigate the relationship between rapid internationalization and firm value in US restaurant companies. This study also identified the…
Abstract
Purpose
The purpose of this study is to investigate the relationship between rapid internationalization and firm value in US restaurant companies. This study also identified the moderating role of available slack, potential slack and recoverable slack on the relationship of rapid internationalization and the firm’s value.
Design/methodology/approach
A hierarchical regression analysis with panel fixed effects was used in this study. Samples were drawn from publicly traded US restaurant companies, and span from 1993 to 2016 with 264 firm-year observations was used for the study’s analysis.
Findings
Drawing on Penrose’s seminal theory of firm-growth that a firm needs excess resources to grow and that the amount of slack resources directly influences a firm’s international growth, this study found that available slack alleviates the negative impact of rapid international expansion in achieving higher firm value.
Originality/value
This study is one of the few analyses that examined the speed of rapid international expansion in the service context. In addition, this study contributes to existing literature by examining three different slack resources with regards to the speed of international expansion. The findings of this study shed light on restaurant companies whose financial resources are critical for value-adding international expansion.
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Christian Keen and Hamid Etemad
The main objective of this paper is to develop a deeper understanding of high growth and rapid internationalization characteristics in terms of: empirically characterizing growth…
Abstract
Purpose
The main objective of this paper is to develop a deeper understanding of high growth and rapid internationalization characteristics in terms of: empirically characterizing growth deriving the profile of high‐growth enterprises, exploring influential factors in high‐growth, pointing out the factors that stimulate internationalization, presenting the combined influence of these factors in both the high‐growth and early internationalizing enterprises, and formulating research‐based policy recommendation for longer and higher growth rates and for decreasing the chances of demise in such younger firms.
Design/methodology/approach
The authors have built a longitudinal sample of more than 1,140 micro, small and medium‐sized enterprises that have grown at exceptionally high rates for at least five years at the earlier stages of their life‐cycle, and even from inception in some cases. The data‐base's origin is a popular Canadian business publication, the Canadian Business Magazine, which annually identifies and ranks growing firms in order to publish an annual list called “Profit 100: Canada's 200 fastest‐growing companies”.
Findings
The findings of this analysis point to a rich population of high‐growth enterprises with diverse ages, locations, sizes and revenues that manage to achieve high domestic and international growth for much longer and in ways not explained by the extant literature across time and industries.
Research limitations/implications
This research carries the limitations of secondary data. In spite of its richness in terms of the high growth rates, annual lists offer a limited number of attributes per firm. It would be highly recommendable to use case studies in future research and broadly based surveys are necessary for deeper understanding of both the high and rapid growth and internationalization as well as the influential factors, including the internal characteristics of its agents, especially the management.
Practical implications
This research indicates that rapid growing enterprises (RGEs) and rapid internationalizing enterprises (RIEs) are distinctive firms and are primarily small and medium‐sized enterprises. Although the relative frequency of the appearance of various firm size‐categories varies over time, RGEs are found across all the size and age categories. Although their total number as a proportion of all continuing firms in the economy is small, they are among the highly prominent and contributing corporate citizens.
Social implications
This topic deserves the attention of scholars for the remarkable potential it offers to uncover the puzzle of growth, which is a time‐dependent phenomenon. HGEs attain higher growths in shorter times; thus requiring a relatively shorter tracing of the growing firms. The topic also deserves the special attention of policy makers as HGEs generate employment, income, social benefits, taxes and wealth at much higher and faster rates than an average growing firm.
Originality/value
The attractive features of HGEs' and RIEs' high‐growth phenomenon compelled the authors to explore the topic in more depth than initially intended. By examining rapidly‐growing smaller and younger enterprises, this study covers a wide gap in the extant literature of growth pertaining to the internationalization of smaller firms and thereby contributes the interaction of the two fields.
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Current gazelle and high growth firm (HGF) research provides relatively little systematic knowledge if, how, why firm internationalization facilitates accelerated growth. This…
Abstract
Current gazelle and high growth firm (HGF) research provides relatively little systematic knowledge if, how, why firm internationalization facilitates accelerated growth. This chapter aims at providing such an insight by addressing the following three questions: (1) What is the evidence of internationalization as an determinant of HGF; (2) How does internationalization facilitates fast growth?; (3) What do we know about the circumstance under which internationalization contributes to HGF? The chapter concludes that while there is clear evidence that internationalization and its different modes can be important determinants of accelerated firm growth, our knowledge remains limited on how different circumstances of the firm at the micro-, meso- and macro-level interact to condition growth opportunities through internationalization.
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Ali Daei, Seyed Mahmood Zanjirchi, Seyed Habibolah Mirghafoori and Alireza Naser Sadrabadi
The varying nature of the competitive environment of small- and medium-sized enterprises (SMEs), contributing significantly to gross domestic product in most countries, has made…
Abstract
Purpose
The varying nature of the competitive environment of small- and medium-sized enterprises (SMEs), contributing significantly to gross domestic product in most countries, has made their moving toward internationalization and global competition unavoidable in such a way that the life cycle of research in this area is experiencing a period of rapid growth. This study aims to evaluate the status of research on SME internationalization based on bibliographic records retrieved from the Web of Science Core Collection and Scopus.
Design/methodology/approach
Using a scientometric analysis, reviewing the important points and the boundaries of research on SME internationalization as well as practicing co-occurrence and burst detection analysis.
Findings
Through a rigorous examination of the crucial points and boundaries within the realm of SMEs internationalization research, coupled with an analysis of co-occurrence and burst detection techniques to detect contemporary hotbed topics, this study has uncovered that the predominant focus of current discourse centers around the areas of networks and networking, as well as internationalization models and entry into the global arena. Moreover, it gives insight that future investigations will shift toward enhancing SME internationalization performance, while simultaneously prioritizing the expeditiousness of their entrance into international markets. The insights garnered from this inquiry are expected to facilitate salient contributions to future literature in this area, thereby advancing our understanding of these complex phenomena.
Practical implications
The trend of the research in this field can be useful for enthusiasts. In this context, the life cycle of research on SME internationalization has been drawn that shows the period of research growth of publications is almost between 2005 and 2023, and the saturation will be approximately from 2023 to 2035. The top researching SME internationalization in the world have been occurred in the USA, England, Canada, Sweden countries and in Department of Management, Department of Marketing, School of Management, Faculty of Management Studies institutions. Also, most of the research has been published in Journal of International Business Studies, International Business Review and Strategic Management Journal.
Originality/value
This study accordingly provided a valuable perspective for future research in this line.
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Qiuping Peng, Xi Zhong, Huaikang Zhou and Shanshi Liu
This paper aims to investigate the moderating roles of negative attainment discrepancy and state ownership in the relationship between internationalization speed and firm…
Abstract
Purpose
This paper aims to investigate the moderating roles of negative attainment discrepancy and state ownership in the relationship between internationalization speed and firm innovation.
Design/methodology/approach
Panel fixed-effects regressions model was applied to test the influence of internationalization speed on firm innovation using data collected from Chinese listed companies between 2003 and 2017.
Findings
The internationalization speed can positively promote firm innovation. Moreover, negative attainment discrepancy enhances the effect of internationalization speed on firm innovation. The effect of negative attainment discrepancy on internationalization speed and firm innovation performance is more positive in state-owned firms than in non-state-owned firms.
Research limitations/implications
A suitable time of internationalization speed to affect firm innovation is obtained.
Practical implications
This paper suggests that decision-makers should set an appropriate aspiration to internationalize firms and increase firm innovation. Moreover, state-owned enterprises should pay attention to negative attainment discrepancies.
Originality/value
The study revealed the boundary conditions of negative attainment discrepancy and state ownership on the relationship between internationalization speed and firm innovation, contributing to the theoretical advancements in internationalization speed.
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Drawing on the gender self-schema theory, upper echelons theory and the literature on international business, this study aims to examine the impact of board gender diversity on…
Abstract
Purpose
Drawing on the gender self-schema theory, upper echelons theory and the literature on international business, this study aims to examine the impact of board gender diversity on firms' internationalization speed.
Design/methodology/approach
In this study, secondary data of 886 listed Chinese manufacturing firms from 2009 to 2018 are studied using the ordinary least squares regression model as the baseline method, an instrumental variable method is adopted for endogeneity control and both fixed and random effect models are adopted for the robustness test.
Findings
Board gender diversity reduces firms' internationalization speed, and the negative effect between board gender diversity and internationalization speed is stronger when the average age of female directors is older and weaker when female directors have international experience or financial background.
Practical implications
First, Chinese firms need to increase or decrease board gender diversity to match the board to firms' internationalization strategy. Increasing board gender diversity may be a more appropriate choice for firms that are expanding rapidly internationally, and vice versa. Second, when introducing female directors to international firms, it is essential to address other characteristics of these directors beyond their gender.
Originality/value
First, the authors contribute to the literature on board gender diversity using Chinese manufacturing firms as our research sample, which provides new insights into the economic consequences of increasing the number of female directors. Second, this research contributes to the literature on firms' internationalization speed. Third, the authors capture in more detail the economic consequences of increasing board gender diversity in the context of China.
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Shaowei He, Zaheer Khan, Yong Kyu Lew and Grahame Fallon
The purpose of this paper is to examine how innovation-related firm-specific ownership advantage (FSA) plays a role in developing the competitive advantage of Chinese…
Abstract
Purpose
The purpose of this paper is to examine how innovation-related firm-specific ownership advantage (FSA) plays a role in developing the competitive advantage of Chinese multinationals when they internationalize.
Design/methodology/approach
Based on a review of the existing literature concerning foreign direct investment by emerging economy multinational enterprises (EMNEs), the authors identify that numerous studies explain this phenomenon on the basis of their location-bound country-specific advantages. However, such views do not fully explain the key underlying factors behind the rapid rise and success of many EMNEs as these firms rapidly internationalize and develop global competitiveness in developed markets. The current research explores three leading innovative Chinese EMNEs from the engineering sector: BYD, Sany Heavy Industry and CSR China.
Findings
The authors find that EMNEs’ knowledge, and particularly their innovation-creating technological knowledge, has contributed greatly to their successful internationalization. The illustrative cases show that the three firms have now moved beyond the infant to the mature stage of EMNE development through developing their technological knowledge in order to realize FSA through internationalization. This study helps in contributing fresh reflections to the continuing debate concerning the causes of internationalization and global competitive development by EMNEs and the role of their FSAs in these processes.
Originality/value
This is one of the few studies which have demonstrated that some of the EMNEs do possess firms’ specific advantage which helps explain their innovative capabilities, competitive advantages and subsequent internationalization patterns.
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Is non‐sequential internationalization process solely technology enabled or a product of mutually interdependent forces? This paper aims to show that even though the sequential…
Abstract
Purpose
Is non‐sequential internationalization process solely technology enabled or a product of mutually interdependent forces? This paper aims to show that even though the sequential approach in the process model is intuitively appealing, not all firms follow such a path. Hence, integrated framework to explain how the international market entry process has changed with respect to the sequential approach is presented.
Design/methodology/approach
The data banks of the Swedish Trade Council and the Chambers of Commerce are used to identify small and medium‐sized enterprises (SMEs) with between 50 and 250 employees (in compliance with European Union's definition of SMEs). Data are collected through the use of questionnaires and in‐depth interviews from 60 Swedish SMEs operating in other countries and foreign SMEs operating in Sweden that tends not to develop in incremental stages with respect to their international.
Findings
Some of the findings are: that the sequential model is by no means reflective of, or appropriate for all firms' approaches to international business; the usefulness gained by using an international network approach to study the international activity of a firm; and the interplay between the identified driving forces behind a non‐sequential internationalization process.
Research limitations/implications
Even though market entry patterns of firms investigated demonstrate a non‐sequential internationalization process, they are still within the general theoretical framework where the basic assumption of the sequential internationalization model can maintain its validity. Firms are indeed exposed to irrecoverable transaction costs that hamper their behaviours and complicate export supply responses in international markets. However, the magnitude of the costs and speed of internationalization is dependent on the ability of the firms to take advantage of the enablers of non‐sequential internationalization pattern. This is particularly important for firms to and from developing countries and emerging markets and their propensities to succeed in their internationalization endeavours.
Originality/value
Knowledge acquired from the empirical study of firms that tend not to develop in incremental stages with respect to their international activities, and therefore start international activities by entering very distant markets and multiple countries right from birth without prior experience, is used to develop an integrated framework which aptly depicts that non‐sequential internationalization process is not solely enabled by technology, as commonly envisaged in literature, but a product of mutually interdependent forces. Consequently, this study provides a holistic view on the driving forces behind the rapid internationalization process encountered by many SMEs today.
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