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:
SME
Online Access:View Fulltext in Publisher
LEADER 01569nam a2200241Ia 4500
001 10.1016-j.jwb.2018.07.001
008 220706s2018 CNT 000 0 und d
020 |a 10909516 (ISSN) 
245 1 0 |a What and how do SMEs gain by going international? A longitudinal investigation of financial and intellectual resource growth 
260 0 |b Elsevier Inc.  |c 2018 
856 |z View Fulltext in Publisher  |u https://doi.org/10.1016/j.jwb.2018.07.001 
520 3 |a 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. 
650 0 4 |a Alliance capability 
650 0 4 |a Biopharmaceutical industry 
650 0 4 |a Dynamic capability 
650 0 4 |a Internationalization 
650 0 4 |a SME 
650 0 4 |a Technological capability 
700 1 |a Goerzen, A.  |e author 
700 1 |a Li, D.  |e author 
700 1 |a Li, L.  |e author 
700 1 |a Shi, W.S.  |e author 
773 |t Journal of World Business