Rapid internationalization and long-term performance: The knowledge link

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• 作者：Raquel Garc&iacute ; a-Garc&iacute ; a<sup>asup><sup> ; sup><sup>raquel.garcia-garcia@open.ac.uksup> ; Esteban Garc&iacute ; a-Canal<sup>bsup><sup> ; sup><sup>egarcia@uniovi.essup> ; Mauro F. Guillé ; n<sup>csup><sup> ; sup><sup>guillen@wharton.upenn.edusup>
• 关键词：Internationalization ; Firm performance ; Speed ; Knowledge-based view ; Organizational learning theory
• 刊名：Journal of World Business
• 出版年：2017
• 出版时间：January 2017
• 年：2017
• 卷：52
• 期：1
• 页码：97-110
• 全文大小：770 K
• 卷排序：52

文摘

Drawing on the knowledge-based view and organizational learning theory, we develop and test a set of hypotheses to provide a first attempt at analyzing the effect of speed of internationalization on long-term performance. Using a panel-data sample of Spanish listed firms (1986&ndash;2010), we find that there is an inverted U-shaped relationship between speed of internationalization and long-term performance. We also find that whereas technological knowledge steepens this relationship, the diversity of prior international experience flattens it. Our results contribute to the existing IB literature on the performance of FDI, cross-country knowledge transferability, and nonsequential entry.