Presence in foreign markets, ethnic minority ownership and financial performance of high-tech SME’s

Lorenzo Ardito; Viviana D'Angelo; Antonio Messeni Petruzzelli; Enzo Peruffo; Paolo Capolupo

Presence in foreign markets, ethnic minority ownership and financial performance of high-tech SME’s

Lorenzo Ardito
, Viviana D'Angelo
, Antonio Messeni Petruzzelli
, Enzo Peruffo
, Paolo Capolupo

Università Cattolica del Sacro Cuore

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

Abstract

Small and medium enterprises (SMEs) face strong competition with larger incumbents in a fast-changing globalized economy that undermine their financial performance. For this reason, operating in foreign market could be a valuable solution to pursue growth opportunities and improve their financial performance. The purpose of the paper is to understand the relationship between SMEs internationalization and their financial performance, and whether this effect is moderated by the presence of ethnic minority ownership. Based on a sample of 10.326 high-tech manufacturing US SMEs, our study reveals a positive relation between the number of foreign markets where SMEs operate and their financial performance. In addition, we demonstrate that this effect is positively moderated by the presence of ethnic minorities in the SMEs’ ownership. Therefore, our findings provide evidence of the strong relationship between strategic choice, in the form of presence in foreign markets, and economic results, as well as on the influence exerted by individual-level mechanisms

Original language	English
Title of host publication	Business Theory and Practice Across Industries and Markets Book of proceedings
Pages	65-76
Number of pages	12
Publication status	Published - 2020
Event	13th Annual Conference of the EuroMed Academy of Business - on-line Duration: 1 Jan 2020 → …

Conference

Conference	13th Annual Conference of the EuroMed Academy of Business
City	on-line
Period	1/1/20 → …

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth
SDG 9 Industry, Innovation, and Infrastructure

Keywords

Ethnic minorities
Foreign market expansion
Human capital
Small- and medium-sized enterprises (SMEs)

Cite this

@inproceedings{df4f6d9d47d54caba9124cc5085d33b9,

title = "Presence in foreign markets, ethnic minority ownership and financial performance of high-tech SME{\textquoteright}s",

abstract = "Small and medium enterprises (SMEs) face strong competition with larger incumbents in a fast-changing globalized economy that undermine their financial performance. For this reason, operating in foreign market could be a valuable solution to pursue growth opportunities and improve their financial performance. The purpose of the paper is to understand the relationship between SMEs internationalization and their financial performance, and whether this effect is moderated by the presence of ethnic minority ownership. Based on a sample of 10.326 high-tech manufacturing US SMEs, our study reveals a positive relation between the number of foreign markets where SMEs operate and their financial performance. In addition, we demonstrate that this effect is positively moderated by the presence of ethnic minorities in the SMEs{\textquoteright} ownership. Therefore, our findings provide evidence of the strong relationship between strategic choice, in the form of presence in foreign markets, and economic results, as well as on the influence exerted by individual-level mechanisms",

keywords = "Ethnic minorities, Foreign market expansion, Human capital, Small- and medium-sized enterprises (SMEs), Ethnic minorities, Foreign market expansion, Human capital, Small- and medium-sized enterprises (SMEs)",

author = "Lorenzo Ardito and Viviana D'Angelo and \{Messeni Petruzzelli\}, Antonio and Enzo Peruffo and Paolo Capolupo",

year = "2020",

language = "English",

isbn = "978-9963-711-89-5",

pages = "65--76",

booktitle = "Business Theory and Practice Across Industries and Markets Book of proceedings",

note = "13th Annual Conference of the EuroMed Academy of Business ; Conference date: 01-01-2020",

}

TY - GEN

T1 - Presence in foreign markets, ethnic minority ownership and financial performance of high-tech SME’s

AU - Ardito, Lorenzo

AU - D'Angelo, Viviana

AU - Messeni Petruzzelli, Antonio

AU - Peruffo, Enzo

AU - Capolupo, Paolo

PY - 2020

Y1 - 2020

N2 - Small and medium enterprises (SMEs) face strong competition with larger incumbents in a fast-changing globalized economy that undermine their financial performance. For this reason, operating in foreign market could be a valuable solution to pursue growth opportunities and improve their financial performance. The purpose of the paper is to understand the relationship between SMEs internationalization and their financial performance, and whether this effect is moderated by the presence of ethnic minority ownership. Based on a sample of 10.326 high-tech manufacturing US SMEs, our study reveals a positive relation between the number of foreign markets where SMEs operate and their financial performance. In addition, we demonstrate that this effect is positively moderated by the presence of ethnic minorities in the SMEs’ ownership. Therefore, our findings provide evidence of the strong relationship between strategic choice, in the form of presence in foreign markets, and economic results, as well as on the influence exerted by individual-level mechanisms

AB - Small and medium enterprises (SMEs) face strong competition with larger incumbents in a fast-changing globalized economy that undermine their financial performance. For this reason, operating in foreign market could be a valuable solution to pursue growth opportunities and improve their financial performance. The purpose of the paper is to understand the relationship between SMEs internationalization and their financial performance, and whether this effect is moderated by the presence of ethnic minority ownership. Based on a sample of 10.326 high-tech manufacturing US SMEs, our study reveals a positive relation between the number of foreign markets where SMEs operate and their financial performance. In addition, we demonstrate that this effect is positively moderated by the presence of ethnic minorities in the SMEs’ ownership. Therefore, our findings provide evidence of the strong relationship between strategic choice, in the form of presence in foreign markets, and economic results, as well as on the influence exerted by individual-level mechanisms

KW - Ethnic minorities

KW - Foreign market expansion

KW - Human capital

KW - Small- and medium-sized enterprises (SMEs)

KW - Ethnic minorities

KW - Foreign market expansion

KW - Human capital

KW - Small- and medium-sized enterprises (SMEs)

UR - http://hdl.handle.net/10807/206828

UR - https://emrbi.org/wp-content/uploads/2020/09/euromed2020-book-of-proceedings-2020-09-07.pdf

M3 - Conference contribution

SN - 978-9963-711-89-5

SP - 65

EP - 76

BT - Business Theory and Practice Across Industries and Markets Book of proceedings

T2 - 13th Annual Conference of the EuroMed Academy of Business

Y2 - 1 January 2020

ER -

Presence in foreign markets, ethnic minority ownership and financial performance of high-tech SME’s

Abstract

Conference

UN SDGs

Keywords

Other files and links

Fingerprint

Cite this