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 originale | English |
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Titolo della pubblicazione ospite | Business Theory and Practice Across Industries and Markets Book of proceedings |
Pagine | 65-76 |
Numero di pagine | 12 |
Stato di pubblicazione | Pubblicato - 2020 |
Evento | 13th Annual Conference of the EuroMed Academy of Business - on-line Durata: 1 gen 2020 → … |
Convegno
Convegno | 13th Annual Conference of the EuroMed Academy of Business |
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Città | on-line |
Periodo | 1/1/20 → … |
Keywords
- Ethnic minorities
- Foreign market expansion
- Human capital
- Small- and medium-sized enterprises (SMEs)