Examining the Impact of Different Social Capital on Explorative Internationalization

Abstract

Abstract. Firms can explore straetgic assets in the international markets. Social capital has been recognized as an important tool for firms to promote explorative internationalization. However, existing research do not uncover the fitness between social capital and explorative internationalization. Based on the data of international manufacturing firms, this paper explores the differential impact of business network capital, governmental network capital, knowledge network capital on explorative internationalization. The results show that business network capital and governmental network capital both have positive impact on explorative internationalization, but knowledge network capital has no significant positive impact on explorative internationalization. Theoretical and managerial implications are discussed.

The impact of social media use on the internationalisation of SMEs

“…The results are contrary to the results of Rienda et al (2021). The research results conducted by Li et al, 2015 andWu (2017) could not be confirmed. Note: A* -Equal variances assumed; NA* -Equal variances not assumed Source: own compilation H2 concerned the adoption of the social media strategy by SMEs according to their size.…”

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The Role of Social Networks in the Internationalisation of Startups: LinkedIn in Portuguese Context

“…According to these authors, social capital plays three roles: efficacy (usefulness of the firm's social capital and how this enables the firm to make a mode change), serendipity (unexpected events arising from a firm's social capital that trigger a mode change), and liability (concern with maintaining partnerships that are below expectations). According to Wu (2017), social capital plays an important role in exploring the possibility of internationalisation of a company.…”