Rapid internationalization and long-term performance: The knowledge link

Raquel García-García, Esteban García-Canal and Mauro F. Guillén

Journal of World Business, 2017, vol. 52, issue 1, 97-110

Abstract: Drawing on the knowledge-based view and organizational learning theory, we develop and test a set of hypotheses to provide a first attempt at analyzing the effect of speed of internationalization on long-term performance. Using a panel-data sample of Spanish listed firms (1986–2010), we find that there is an inverted U-shaped relationship between speed of internationalization and long-term performance. We also find that whereas technological knowledge steepens this relationship, the diversity of prior international experience flattens it. Our results contribute to the existing IB literature on the performance of FDI, cross-country knowledge transferability, and nonsequential entry.

Keywords: Internationalization; Firm performance; Speed; Knowledge-based view; Organizational learning theory (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (7)

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DOI: 10.1016/j.jwb.2016.09.005

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