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

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

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 ena...

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Bibliographic Details
Main Authors: Goerzen, A. (Author), Li, D. (Author), Li, L. (Author), Shi, W.S (Author)
Format: Article
Language:English
Published: Elsevier Inc. 2018
Subjects:
Alliance capability
Biopharmaceutical industry
Dynamic capability
Internationalization
SME
Technological capability
Online Access:View Fulltext in Publisher
Description
Summary: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. © 2018 Elsevier Inc.
ISBN:10909516 (ISSN)
DOI:10.1016/j.jwb.2018.07.001

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