What and how do SMEs gain by going international? A longitudinal investigation of financial and intellectual resource growth

Lei Li, Dan Li, Anthony Goerzen, Weilei (Stone) Shi

Research output: Journal PublicationArticlepeer-review

12 Citations (Scopus)

Abstract

This study examines the accumulation of financial and intellectual resources of U.S.-based biopharmaceutical SMEs. We find that internationalized SMEs experience better financial resource growth than domestic market-focused SMEs only in the long run. While international expansion per se does not enable SMEs to accumulate more intellectual resources than via domestic expansion, it exerts a positive impact over time for SMEs with strong alliance capabilities. Moreover, we show that alliance capabilities are more important than in-house technological capabilities for key resource accumulation of internationalized SMEs over time. Our results infer that SMEs gain the benefits of resource exploration via international expansion.

Original languageEnglish
Pages (from-to)817-834
Number of pages18
JournalJournal of World Business
Volume53
Issue number6
DOIs
Publication statusPublished - Dec 2018

Keywords

  • Alliance capability
  • Biopharmaceutical industry
  • Dynamic capability
  • Internationalization
  • SME
  • Technological capability

ASJC Scopus subject areas

  • Business and International Management
  • Finance
  • Marketing

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