期刊
INTERNATIONAL BUSINESS REVIEW
卷 32, 期 1, 页码 -出版社
ELSEVIER
DOI: 10.1016/j.ibusrev.2022.102074
关键词
Early internationalization; Post-entry process; Managerial learning; Penrose?s theory of firm growth
类别
Internationalization is a dynamic and continuous process. However, existing literature on international entrepreneurship lacks focus on the post-entry process of internationalization. To fill this gap, this study draws upon Penrose's theory and a judgment-based view of entrepreneurship to investigate the relationship between early internationalization and subsequent geographic expansion. The findings from a 19-year study on 75 Japanese firms provide evidence for the hypotheses.
Internationalization is, by nature, a dynamic and continuous process that unfolds over time. However, the extant literature on international entrepreneurship primarily focuses on the antecedents that influence the initiation of internationalization and downplays its post-entry process. Specifically, little research has examined how early internationalization relates to subsequent geographic expansion. To bridge this gap, we draw upon Penrose's theory of firm growth and a judgment-based view of entrepreneurship. We posit that earlier resource commit-ment to foreign countries enables entrepreneurs to quickly start managerial learning based on their experience of experimentation activities in foreign markets, facilitating entry into new foreign markets. Especially, we hy-pothesize that the operational experience acquired through earlier foreign direct investment is positively asso-ciated with subsequent geographic expansion, and the location where to accumulate operational experience moderates the association. The results of our longitudinal 19-year (2000-2018) study on 75 Japanese early internationalizing firms provide evidence for our hypotheses.
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