What and how do SMEs gain by going international? A longitudinal investigation of financial and intellectual resource growth

Li, Lei and Li, Dan and Goerzen, Anthony and Shi, Weilei (Stone) (2018) What and how do SMEs gain by going international? A longitudinal investigation of financial and intellectual resource growth. Journal of World Business . ISSN 1090-9516 (In Press)

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Abstract

This study examines the accumulation of financial and intellectual resources of U.S.-based biopharmaceutical SMEs. We find that internationalized SMEs experience better financial resource growth than domestic market-focused SMEs only in the long run. While international expansion per se does not enable SMEs to accumulate more intellectual resources than via domestic expansion, it exerts a positive impact over time for SMEs with strong alliance capabilities. Moreover, we show that alliance capabilities are more important than in-house technological capabilities for key resource accumulation of internationalized SMEs over time. Our results infer that SMEs gain the benefits of resource exploration via international expansion.

Item Type: Article
Keywords: Internationalization; dynamic capability; technological capability; alliance capability; SME; biopharmaceutical industry
Schools/Departments: University of Nottingham Ningbo China > Faculty of Business > Nottingham University Business School China
Identification Number: https://doi.org/10.1016/j.jwb.2018.07.001
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Depositing User: Yu, Tiffany
Date Deposited: 10 Aug 2018 06:20
Last Modified: 08 Aug 2020 04:30
URI: http://eprints.nottingham.ac.uk/id/eprint/53289

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