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

Risultato della ricerca: Contributo in libroContributo a convegno

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
Lingua originaleEnglish
Titolo della pubblicazione ospiteBusiness Theory and Practice Across Industries and Markets Book of proceedings
Pagine65-76
Numero di pagine12
Stato di pubblicazionePubblicato - 2020
Evento13th Annual Conference of the EuroMed Academy of Business - on-line
Durata: 1 gen 2020 → …

Convegno

Convegno13th Annual Conference of the EuroMed Academy of Business
Cittàon-line
Periodo1/1/20 → …

Keywords

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

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