Innovation propensity and international development of small and medium firms: the moderating effects of corporate governance structure

Corsi, Christian; Prencipe, Antonio

doi:10.1504/ijeim.2018.089717

Cited by 5 publications

(11 citation statements)

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“…Form a theoretical point of view, we dig into the literature assessing the performance outcomes of SMEs (e.g. Crick et al, 2000;Lu and Beamish, 2006;Brouthers et al, 2009;Beleska-Spasova and Glaister, 2010;Cieslik et al, 2012;Dikova et al, 2016;Paul et al, 2017;Cerrato and Fernhaber, 2018;Corsi and Prencipe, 2018), with particular regard to the role of international activities (i.e. presence in foreign markets) and contingent effects of the possibility to tap into external resources of other firms in the SMEs' corporate group or allying partners.…”

Section: Discussionmentioning

confidence: 99%

“…The international expansion of firm activities has become relevant for those companies that want to develop a model of sustainable and lasting growth (e.g. Hitt et al, 2006;Corsi and Prencipe, 2018). The growing importance of small-and medium-sized enterprises (SMEs) in today's economies and their increasing international involvement make it imperative that we improve our understanding of their internationalization (Fernańdez and Nieto, 2006).…”

Section: Introductionmentioning

confidence: 99%

“…Therefore, like for the larger counterparts, the internationalization strategy represents a chance also for SMEs, which can expand their business horizons (e.g. Dikova et al, 2016) and generate revenues on a large scale (Corsi and Prencipe, 2018). However, despite this opportunity, internalization is not always easy for SMEs, characterized by financial, human and technical resource constraints, which pose significant challenges for them (Brouthers et al, 2009;Bigliardi and Galati, 2016;Dikova et al, 2016).…”

Section: Introductionmentioning

confidence: 99%

“…Ganotakis and Love, 2012;Gashi et al, 2014) and is still open (e.g. Dikova et al, 2016;Paul et al, 2017;Cerrato and Fernhaber, 2018;Corsi and Prencipe, 2018).…”

Section: Introductionmentioning

confidence: 99%

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Improving the financial performance of SMEs

Ardito

Galati

Petruzzelli

et al. 2019

BPMJ

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Purpose The purpose of this paper is to assess the influence of the presence in foreign markets on small- and medium-sized enterprises’ (SMEs) financial performance. Furthermore, it seeks to examine the moderating effect of corporate group and alliance portfolio size on this relationship. Design/methodology/approach First, the authors develop hypotheses concerning the relationship between the presence in foreign markets and SMEs’ financial performance as well as the moderating role of the size of an SME’s corporate group and alliance portfolio. Afterward, the authors used ordinary least square regression to the test the hypotheses based on a sample of 5,885 high-tech US SMEs registered in the Orbis database (Bureau van Dijk). Findings Results of the study reveal that the presence in foreign markets is positively associated with an SME’s financial performance, with the size of the corporate group enhancing this relationship, hence confirming the conjectures. Instead, the size of the alliance portfolio appears to not exert any moderating effect, in contrast with the last hypothesis. Originality/value Form a theoretical perspective, the authors dig into the literature assessing the performance outcomes of SMEs and contingent effects of the possibility to tap into external resources of other firms. By so doing, the findings support a specific stream of the literature in claiming the positive effects deriving from being part of a corporate group. Conversely, the findings seem to go in the opposite direction of the majority of the literature that claim a positive impact of alliances on financial performances, while supporting those studies stressing that alliances pose significant challenges for SMEs and should be carefully identified and managed.

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Section: Discussionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

“…Ganotakis and Love, 2012;Gashi et al, 2014) and is still open (e.g. Dikova et al, 2016;Paul et al, 2017;Cerrato and Fernhaber, 2018;Corsi and Prencipe, 2018).…”

Section: Introductionmentioning

confidence: 99%

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Improving the financial performance of SMEs

Ardito

Galati

Petruzzelli

et al. 2019

BPMJ

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“…Prior studies highlight the decisive role of innovation to support international expansion and growth (Girma et al, 2008;Singh, 2009;Yi et al, 2013;Corsi and Prencipe, 2018;). Knowledge and technology enhance international operations (Simba, 2015;Corsi and Prencipe, 2018;Brock and Yaffe, 2008).…”

Section: Governance Internationalization and Innovationmentioning

confidence: 99%

Innovation mediating and moderating internationalization in family and non-family businesses: embeddedness in Egypt, Madagascar, Morocco and Turkey

Kalhor

Ghalwash

2020

Sinergie Italian Journal of Management

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Purpose of the paper:According to most previous research, family businesses tend to internationalize less than non-family businesses. However, previous research has been conducted mainly in developed countries, where strong institutions support non-family businesses more than family businesses. Conversely, in developing countries with weak institutions, family businesses may conceivably have a comparative advantage for internationalization, especially if they are innovative. This paper focuses on how innovation may mediate and moderate the effect of governance upon internationalization in the form of exporting, as this dynamic is embedded in developing societies with weak institutions.Methodology: The research method is quantitative data analysis. Our account is based on a representative sample of 4,004 family and non-family businesses in Egypt, Madagascar, Morocco, and Turkey, surveyed for the Global Entrepreneurship Monitor.Findings: Analyses show that governance hardly affects innovativeness, but affects internationalization, in that exporting is especially high for family businesses in Morocco. Moreover, innovativeness boosts exporting in family business more than in non-family business. Furthermore, the comparative advantage of family businesses is larger in Morocco than in Egypt, Madagascar, and Turkey.Research limits: Although an essential feature of our research design is based on a comparative approach, rather than the typical single-country studies, we compared four similar societies in developing countries with weak institutions. Therefore, a significant limitation is that our findings concerning the internationalization of family businesses should not be generalized to all kinds of societies. Moreover, due to the small number of countries (four developing countries), it is statistically impossible to test the effects of the macro-institutional factors affecting family firms exporting. Therefore, we can only measure country contexts' overall impact without elaborating effects of specific institutional factors enhancing or hampering the internationalization process.Practical implications: The practical implication is relevant for family firms' policies to know that innovation in family firms is not a waste of investment, but innovation especially can boost exporting in family business more than in non-family firms, thereby enhancing the economic performance of family firms.Originality of the paper: These results contribute to understanding internationalization in family businesses as shaped by innovation and as embedded in society's context.

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Unveiling contemporary dimensions in the internationalisation of family firms through bibliometric analysis and thematic analysis

Thukral

Jain

2021

RIBS

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Purpose For sustaining a competitive advantage in the integrated world economy, it has become imperative for family firms to internationalise their operations in overseas markets. However, despite the growing set of literature, results are still inconclusive with respect to family firms’ internationalisation. Thus, this study aims to address this gap by systematically reviewing 142 articles (1991–2019) to help researchers in identifying and unfolding the unexplored themes in the underlying area. Design/methodology/approach For systematically reviewing articles, the study uses a three-step methodology following PRISMA guidelines, bibliometric analysis and thematic analysis. Descriptive statistics of 142 research articles are obtained through bibliometric analysis while thematic analysis is carried out to create themes or clusters of various factors relating to family firms’ internationalisation. Findings The current review uncovers the evolving trends in the research streams, most productive authors, top journals and articles, co-citation analysis, as well as the major themes surrounding the family firms’ internationalisation literature. Results from bibliometric analysis indicate that family firms’ internationalisation is an upcoming research area. Also, the review indicates an opportunity for scholars from developing nations to make significant contributions in the underlying research stream. Research limitations/implications Results from bibliometric and thematic analysis will help academicians and researchers in accumulating a holistic understanding relating to family firms’ internationalisation and understanding the upcoming trends in family firms’ research, thereby guiding the future research scope. Also, it will assist the family firms’ leaders and managers in understanding the important dynamics in overseas markets and various factors to be considered while planning their internationalisation. Originality/value Undertaking a systematic literature review presents readers with a state-of-the-art understanding of the underlying research topic. To the best of the knowledge, to date, the study is the first to conduct the review of literature through bibliometric analysis with the help of R Studio software in the field of family firms’ internationalisation. Also, the study is the first to review more than 100 research articles in the underlying area. Finally, the study proposes a comprehensive framework integrating the major themes and facets relating to family firms’ internationalisation.

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Innovation propensity and international development of small and medium firms: the moderating effects of corporate governance structure

Cited by 5 publications

References 0 publications

Improving the financial performance of SMEs

Improving the financial performance of SMEs

Innovation mediating and moderating internationalization in family and non-family businesses: embeddedness in Egypt, Madagascar, Morocco and Turkey

Unveiling contemporary dimensions in the internationalisation of family firms through bibliometric analysis and thematic analysis

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