What and how do SMEs gain by going international? A longitudinal investigation of financial and intellectual resource growth
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 ena...
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| Format: | Article |
| Language: | English |
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Elsevier
2018
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| Online Access: | https://eprints.nottingham.ac.uk/53289/ |
| _version_ | 1848798916474044416 |
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| author | Li, Lei Li, Dan Goerzen, Anthony Shi, Weilei (Stone) |
| author_facet | Li, Lei Li, Dan Goerzen, Anthony Shi, Weilei (Stone) |
| author_sort | Li, Lei |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | 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. |
| first_indexed | 2025-11-14T20:27:22Z |
| format | Article |
| id | nottingham-53289 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T20:27:22Z |
| publishDate | 2018 |
| publisher | Elsevier |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-532892020-08-08T04:30:10Z https://eprints.nottingham.ac.uk/53289/ What and how do SMEs gain by going international? A longitudinal investigation of financial and intellectual resource growth Li, Lei Li, Dan Goerzen, Anthony Shi, Weilei (Stone) 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. Elsevier 2018-08-08 Article PeerReviewed application/pdf en https://eprints.nottingham.ac.uk/53289/1/What%20and%20How%20do%20SMEs%20Gain%20by%20Going%20International_F.pdf Li, Lei, Li, Dan, Goerzen, Anthony and Shi, Weilei (Stone) (2018) What and how do SMEs gain by going international? A longitudinal investigation of financial and intellectual resource growth. Journal of World Business . ISSN 1090-9516 (In Press) Internationalization; dynamic capability; technological capability; alliance capability; SME; biopharmaceutical industry http://dx.doi.org/10.1016/j.jwb.2018.07.001 doi:10.1016/j.jwb.2018.07.001 doi:10.1016/j.jwb.2018.07.001 |
| spellingShingle | Internationalization; dynamic capability; technological capability; alliance capability; SME; biopharmaceutical industry Li, Lei Li, Dan Goerzen, Anthony Shi, Weilei (Stone) What and how do SMEs gain by going international? A longitudinal investigation of financial and intellectual resource growth |
| title | What and how do SMEs gain by going international? A longitudinal investigation of financial and intellectual resource growth |
| title_full | What and how do SMEs gain by going international? A longitudinal investigation of financial and intellectual resource growth |
| title_fullStr | What and how do SMEs gain by going international? A longitudinal investigation of financial and intellectual resource growth |
| title_full_unstemmed | What and how do SMEs gain by going international? A longitudinal investigation of financial and intellectual resource growth |
| title_short | What and how do SMEs gain by going international? A longitudinal investigation of financial and intellectual resource growth |
| title_sort | what and how do smes gain by going international? a longitudinal investigation of financial and intellectual resource growth |
| topic | Internationalization; dynamic capability; technological capability; alliance capability; SME; biopharmaceutical industry |
| url | https://eprints.nottingham.ac.uk/53289/ https://eprints.nottingham.ac.uk/53289/ https://eprints.nottingham.ac.uk/53289/ |