Running faster and jumping higher? Survival and growth in international manufacturing new ventures
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Running faster and jumping higher? Survival and growth in international manufacturing new ventures. / Puig, Francisco; Gonzalez-Loureiro, Miguel; Ghauri, Pervez N.
In: International Small Business Journal: Researching Entrepreneurship, Vol. 36, No. 7, 01.11.2018, p. 829-850.Research output: Contribution to journal › Article › peer-review
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TY - JOUR
T1 - Running faster and jumping higher? Survival and growth in international manufacturing new ventures
AU - Puig, Francisco
AU - Gonzalez-Loureiro, Miguel
AU - Ghauri, Pervez N.
PY - 2018/11/1
Y1 - 2018/11/1
N2 - Going international early is increasingly the choice of new ventures in manufacturing industries. However, does earliness provide a positive outcome for internationalisation? To answer this, we have longitudinally analysed 3181 manufacturing new ventures established between 2002 and 2012. Using Cox regressions, we found that the 124 late internationals had the lowest risk of failure, while the 229 early internationals could not compensate for their mortality risk with significantly higher levels of growth in the post-internationalisation period. We discuss why an early internationalisation is more perilous than beneficial and provide some suggestions for the internationalisation of new ventures in these industries.
AB - Going international early is increasingly the choice of new ventures in manufacturing industries. However, does earliness provide a positive outcome for internationalisation? To answer this, we have longitudinally analysed 3181 manufacturing new ventures established between 2002 and 2012. Using Cox regressions, we found that the 124 late internationals had the lowest risk of failure, while the 229 early internationals could not compensate for their mortality risk with significantly higher levels of growth in the post-internationalisation period. We discuss why an early internationalisation is more perilous than beneficial and provide some suggestions for the internationalisation of new ventures in these industries.
KW - earliness
KW - growth
KW - international new venture
KW - internationalisation
KW - risk
KW - survival
KW - Uppsala model
UR - http://www.scopus.com/inward/record.url?scp=85056571177&partnerID=8YFLogxK
U2 - 10.1177/0266242618777792
DO - 10.1177/0266242618777792
M3 - Article
AN - SCOPUS:85056571177
VL - 36
SP - 829
EP - 850
JO - International Small Business Journal
JF - International Small Business Journal
SN - 0266-2426
IS - 7
ER -