The moderating effects of home region orientation on R&D investment and international SME performance: Lessons from Korea

In Hyeock Lee and Matthew R. Marvel

European Management Journal, 2009, vol. 27, issue 5, 316-326

Abstract: Summary Drawing from the resource-based view, we investigate how firm and country combinations affect international SME performance. Using a sample of 2676 international Korean SMEs, we explore the relationships among SME R&D investment, home region orientation and financial performance. Results show that R&D investment has a horizontally inverted S-shaped relationship with performance reflecting cost leadership, stuck in the middle, and differentiation strategies. We also find that a home region orientation moderates the relationship between R&D investment and performance. Home region orientation positively moderates the relationship when R&D investment reflects cost leadership or differentiation but negatively moderates a stuck in the middle strategy.

Keywords: Regional; strategies; Home; region; orientation; Firm-specific; advantages; R&D; investment; Firm; performance; Small; and; medium-sized; enterprises (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (11)

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