A capabilities perspective on the effects of early internationalization on firm survival and growth

• 成果类型: Article
• 署名作者: Sapienza, Harry J.; Autio, Erkko; George, Gerard; Zahra, Shaker A.
• 署名单位: University of Minnesota System; University of Minnesota Twin Cities; Imperial College London; University of London; London Business School
• 刊物名称: ACADEMY OF MANAGEMENT REVIEW
• ISSN/ISSBN: 0363-7425
• DOI: 10.5465/AMR.2006.22527465
• 发表日期: 2006
• 页码: 914-933
• 关键词: MARKET ENTRY; DYNAMIC CAPABILITIES; MEDICAL SECTOR; AGE-DEPENDENCE; JAPANESE FIRMS; Start-up; experience; expansion; performance; RESOURCES

摘要

Recent critiques of internationalization process models question the wisdom of delaying internationalization. Internationalizing late allows firms to assemble resources and gain experience but also allows inertia to develop. We resolve this tension by positing that internationalization has differing effects on firm survival and growth. These effects are moderated by organizational age. managerial experience, and resource fungibility. Our framework provides insights into the evolution of capabilities across borders and may be tested and built on by organization researchers.