Entry Learning, Age at Internationalization, and Foreign-Venture Performance of Young Technology Firms
AbstractThe central question that we address is how young technology firms (YTFs) learn about foreign markets when they venture abroad for the very first time. Drawing on learning theory, we develop and test a model for the entry learning and foreign-venture performance of YTF. Our empirical results show that prior foreign market analysis leads firms to postpone the first internationalization, but network learning and imitation lead to earlier international venturing. Further, our results show that the earlier technology firms venture into foreign markets, the higher the foreign-venture performance of the firm.
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Bibliographic InfoArticle provided by LMU Munich School of Management in its journal Schmalenbach Business Review.
Volume (Year): 63 (2011)
Issue (Month): 3 (July)
Age at Internationalization; Entry Learning; Foreign-venture Performance; Technology Firms.;
Find related papers by JEL classification:
- F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
- M13 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - New Firms; Startups
- M16 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - International Business Administration
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