Maturing international new ventures: Short- and medium-term Insights

María Agustí (), Olli Kuivalainen (), Encarnación Ramos-Hidalgo () and Francisco J. Acedo ()
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María Agustí: Universidad de Sevilla
Olli Kuivalainen: Lappeenranta-Lahti University of Technology
Encarnación Ramos-Hidalgo: Universidad de Sevilla
Francisco J. Acedo: Universidad de Sevilla

Journal of International Entrepreneurship, 2023, vol. 21, issue 3, No 3, 329-353

Abstract: Abstract This paper investigates whether the decision to internationalize early in a firm’s life affects its later development in new and adolescent venture phases. To observe this post-entry evolution, this paper analyzes a set of Spanish firms (N = 106) from a longitudinal perspective (8-year panel data), trying to depict these firms’ short- and mid-term behavior in relation to their sales growth and export intensity. The results show that early internationalization among Spanish firms lead to positive sales growth and increased export intensity, but the “age effect” phases out soon, and many international new ventures (INVs) may stagnate. The paper contributes to the discussion of the learning advantage on newness in early and adolescent phases of internationalization and, subsequently, to the discussion about the role of time and experience in the internationalization process.

Keywords: International new ventures; Early internationalization; Rapid internationalization; Post-entry internationalization process; Export intensity; Sales growth (search for similar items in EconPapers)
JEL-codes: L21 L25 L26 M16 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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DOI: 10.1007/s10843-023-00327-4

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