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Entrepreneurial growth: the role of international knowledge acquisition as moderated by firm age
Jönköping University, Jönköping International Business School, JIBS, Business Administration. Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership (CeFEO).ORCID iD: 0000-0003-0691-2740
Jönköping University, Jönköping International Business School, JIBS, Business Administration. Queensland University of Technology, Brisbane, Australia.ORCID iD: 0000-0002-6363-1382
2014 (English)In: Journal of Business Venturing, ISSN 0883-9026, E-ISSN 1873-2003, Vol. 29, no 5, 687-703 p.Article in journal (Refereed) Published
Abstract [en]

In line with repeated recent calls for research on specific forms of growth rather than on an undifferentiated notion of “total growth,” our study contributes to the understanding of entrepreneurial growth. By this we mean growth through expansion into new geographic markets and/or via the introduction of new products or services. Building on Penrose's theory of the growth of the firm and on the research streams she has in part inspired, we investigate the impact of knowledge acquisition from international markets on entrepreneurial growth both at home and abroad. We further suggest that the effects of international knowledge acquisition on entrepreneurial growth will vary with firm age. Utilizing longitudinal data on 138 small and medium-sized enterprises (SMEs), we find that the acquisition of knowledge from international markets fuels growth through market development, and that this effect is stronger for international expansion than domestic expansion. Our results also show that firm age negatively moderates the relationship between international knowledge acquisition and entrepreneurial growth via the introduction of new products or services. Specifically, international knowledge acquisition has a positive effect on growth via new products/services development in young firms, but a negative effect in mature firms. We assume this reflects changes over time in how international knowledge is managed.

Place, publisher, year, edition, pages
2014. Vol. 29, no 5, 687-703 p.
Keyword [en]
Growth, Knowledge, Firm age, Internationalization, Penrose
National Category
Business Administration
Identifiers
URN: urn:nbn:se:hj:diva-25346DOI: 10.1016/j.jbusvent.2013.08.003ISI: 000340337400007Scopus ID: 2-s2.0-84903451073OAI: oai:DiVA.org:hj-25346DiVA: diva2:772873
Available from: 2014-12-17 Created: 2014-12-17 Last updated: 2016-11-29Bibliographically approved

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