Entry Learning, Age at Internationalization, and Foreign-Venture Performance of Young Technology Firms
The 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.
Volume (Year): 63 (2011)
Issue (Month): 3 (July)
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