Fast and Furious or Slow and Cautious? The Joint Impact of Age at Internationalization, Speed, and Risk Diversity on the Survival of Exporting Firms

Pierre-Xavier Meschi (pierre-xavier.meschi@univ-amu.fr), Antonin Ricard (antonin.ricard@iae-aix.com) and Ernesto Tapia
Additional contact information
Pierre-Xavier Meschi: AMU IAE - Institut d'Administration des Entreprises (IAE) - Aix-en-Provence - AMU - Aix Marseille Université, CERGAM - Centre d'Études et de Recherche en Gestion d'Aix-Marseille - AMU - Aix Marseille Université - UTLN - Université de Toulon
Antonin Ricard: AMU IAE - Institut d'Administration des Entreprises (IAE) - Aix-en-Provence - AMU - Aix Marseille Université, CERGAM - Centre d'Études et de Recherche en Gestion d'Aix-Marseille - AMU - Aix Marseille Université - UTLN - Université de Toulon
Ernesto Tapia: CIFASIS - Centro Internacional Franco Argentino de Ciencias de la Información y de Sistemas - Université Paul Cézanne - Aix-Marseille 3 - CONICET - Consejo Nacional de Investigaciones Científicas y Técnicas [Buenos Aires] - Universidad Nacional de Rosario [Santa Fe]

Post-Print from HAL

Abstract: This article examines the effect of age at internationalization and pace of internationalization on the survival of small and medium-sized enterprises. Two sets of hypotheses are developed on the basis of the sequential expansion and international new venture approaches. These hypotheses are tested using an event-history method and panel data on French SMEs that exported for the first time between 2003 and 2012 (547 firm-year observations). The results show that the failure rate for firms adopting the late, slow, and cautious sequential expansion approach is significantly lower than in small firms adopting other paths to internationalization.

Keywords: Sequential expansion; Market expansion speed; Risk diversity; Small and medium-sized enterprises; International new venture; Age at internationalization; Event-history method (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations: View citations in EconPapers (41)

Published in Journal of International Management, 2017, pp.1075 - 425330008. ⟨10.1016/j.intman.2017.01.001⟩

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01456066

DOI: 10.1016/j.intman.2017.01.001

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD (hal@ccsd.cnrs.fr).