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Maturing international new ventures: Short- and medium-term Insights

Author

Listed:
  • María Agustí

    (Universidad de Sevilla)

  • Olli Kuivalainen

    (Lappeenranta-Lahti University of Technology)

  • Encarnación Ramos-Hidalgo

    (Universidad de Sevilla)

  • Francisco J. Acedo

    (Universidad de Sevilla)

Abstract

This paper investigates whether the decision to internationalize early in a firm’s life affects its later development in new and adolescent venture phases. To observe this post-entry evolution, this paper analyzes a set of Spanish firms (N = 106) from a longitudinal perspective (8-year panel data), trying to depict these firms’ short- and mid-term behavior in relation to their sales growth and export intensity. The results show that early internationalization among Spanish firms lead to positive sales growth and increased export intensity, but the “age effect” phases out soon, and many international new ventures (INVs) may stagnate. The paper contributes to the discussion of the learning advantage on newness in early and adolescent phases of internationalization and, subsequently, to the discussion about the role of time and experience in the internationalization process.

Suggested Citation

  • María Agustí & Olli Kuivalainen & Encarnación Ramos-Hidalgo & Francisco J. Acedo, 2023. "Maturing international new ventures: Short- and medium-term Insights," Journal of International Entrepreneurship, Springer, vol. 21(3), pages 329-353, September.
    • Handle: RePEc:kap:jinten:v:21:y:2023:i:3:d:10.1007_s10843-023-00327-4
    DOI: 10.1007/s10843-023-00327-4
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    Cited by:

    1. Hamid Etemad, 2023. "The emerging new architecture in international entrepreneurship: Dynamic impacts of business models transformation favoring accelerated internationalization of smaller enterprises," Journal of International Entrepreneurship, Springer, vol. 21(3), pages 271-300, September.

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    More about this item

    Keywords

    International new ventures; Early internationalization; Rapid internationalization; Post-entry internationalization process; Export intensity; Sales growth;
    All these keywords.

    JEL classification:

    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M16 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - International Business Administration

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