The role of business and social networks in the effectual internationalization: Insights from emerging market SMEs

Bai, Wangfeng; Johanson, Martin; Oliveira, Luis; Ratajczak‐Mrozek, Milena

doi:10.1016/j.jbusres.2021.02.042

Cited by 50 publications

(43 citation statements)

References 104 publications

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“…More specifically, the literature argues that international networks enable the following: (i) information and contacts to be obtained, thereby reducing the risks perceived by the entrepreneur McDougall 1994, 1995;2007;Ellis and Pecotich 2001;George 2002a, Zahra andGeorge 2002b;Welch and Welch 2004;Herrmann and Datta 2005;Loane and Bell 2006;Peiris et al 2012;Shirokova and McDougall-Covin 2012;Leite et al 2016;Bai et al 2021); (ii) the identification of foreign partners (Shirokova and McDougall-Covin 2012); (iii) the acquisition of tacit knowledge regarding international business practices (Sharma and Blomstermo 2003;Haahti et al 2005;Bai et al 2021), advice, and experiential and assistance learning in the negotiation process (Oviatt and McDougall 1995;Zhou et al 2007;Bai et al 2021), and commercial and political knowledge, which is the key for both entrepreneurs and companies to be informed of aspects related to internationalization (Welch and Welch 2004;Schweizer et al 2010;Bai et al 2021;Liu et al 2021); (iv) the formation of an international vision and an opening for management (Yeoh 2004); (v) reputation, trust, and commitment to be attained in order to exploit international opportunities (Oviatt and McDougall 1995;George 2002a, Zahra andGeorge 2002b;Zhou et al 2007;Shirokova and McDougall-Covin 2012;Sekliuckiene 2017;Bai et al 2021). According to Turcan (2013), the first way to achieve external legitimacy in international markets is to establish agreements with partners or alliances with re...…”

Section: The Impact Of International Social Capital In the Internatio...mentioning

confidence: 99%

The impact of human, social, and psychological capital on academic spin-off internationalization

et al. 2022

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Academic spin-offs (ASOs) are companies with a strong international vocation for two main reasons: first, they market their products and services in global market niches to profit from their high investment in R&D, characteristic of the sectors in which ASOs operate; and second, as a consequence of the international training and experience and of the international networks that the founding academic entrepreneurs of these companies tend to enjoy, derived from their scientific activity. Despite this natural tendency to internationalize, ASOs and specifically the founding academic entrepreneurs of these companies present certain difficulties in accessing resources for internationalization and in achieving credibility in foreign markets due to their university origins. Based on the resource-based view (RBV), and network theory (NT), this work proposes that the human capital, the social capital, and the psychological capital of the academic entrepreneur could compensate for these obstacles, providing key resources for the internationalization of their companies. The results contribute to the RBV, NT, and academic entrepreneurship and internationalization literature since they show that human capital, in terms of the international experience and training of the academic entrepreneur, their networks of relationships with international academic agents, and their psychological capital, are all antecedents of the internationalization of ASOs. However, the networks of academic entrepreneur relationships with international market agents appear to be irrelevant in the process of international expansion of ASOs.

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Section: The Impact Of International Social Capital In the Internatio...mentioning

confidence: 99%

The impact of human, social, and psychological capital on academic spin-off internationalization

et al. 2022

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“…However, in the ear of modern information technology, big data-driven analysis can collecting information from various forums, that behavior of earnings management is detectable ( Kovacova et al, 2020 ; Kovacova and Lewis, 2021 ). Establishing social networks becomes a alternative strategy to ensure the status acquisition in capital market ( Bai et al, 2021 ).…”

Section: Institutional Background and Literature Reviewmentioning

confidence: 99%

Registration Reform and the Role of Political Connections in the Initial Public Offering Process: Evidence From China

Zhou

2022

Front. Psychol.

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Registration system reform is a significant and important event in the marketization of the Chinese stock market. Using social network theory, we examine how this institutional change affects the function of the network in initial public offering (IPO) activities. As an exogenous event, registration system reform provides us a good condition to conduct Different-in-Different analysis. Using 1,364 eligible samples of IPO applications in Chinese stock market from 2016 to 2021, the results show that the enterprise’s political connections (PCs) have a positive impact on IPO approval. However, registration system reform mitigates the role of PCs in IPO approval. In particular, attenuation of the efficiency of PCs under the registration system mainly exists in older firms that have long relationships with the government. The registration system can weaken the positive impact of PCs on IPO approval, even under high economic policy uncertainty where endorsements by the government are most effective. Furthermore, under the current Chinese double-track system, which includes both an approval system and a registration system, we find that enterprises with PCs are more likely to stay in the approval system to go public in the multiple application rounds, while enterprises that are not politically connected are more likely to switch the issuance system used from the approval system to the registration system. Lastly, we find that intermediate business connections, as an alternative network, can significantly improve the probability of their clients’ IPO approval, and that registration system reform has strengthened the function of intermediate business connections in IPO approval.

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“…2. Review of literature and hypothesis development 2.1 Theoretical foundations Internationalization encompasses many processes, including the internationalization of markets, production, labor and capital (Bai et al, 2021). Internationalization can be described as innovative, proactive and risk-taking business behaviors (Covin and Slevin, 1991;McDougall and Oviatt, 2000).…”

Section: Jabesmentioning

confidence: 99%

The effect of transformational leadership on nonfamily international intrapreneurship behavior in family firms: the mediating role of psychological empowerment

Huynh

2021

JABES

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PurposeThe study aims to reveal the effects of transformational leadership on nonfamily employee international intrapreneurship with the mediating role of psychological empowerment.Design/methodology/approachThe study sample consists of 379 employees at 132 family export and import firms in Ho Chi Minh City of Vietnam. The data is analyzed by a partial least squares structural equation modeling (PLS-SEM).FindingsThe paper reveals that transformational leadership had a positive and significant influence on nonfamily employee international intrapreneurship. The effect of transformational leadership on international intrapreneurship is strongly mediated by psychological empowerment.Practical implicationsFamily firms would have to form the architecture and mechanisms for supporting the dedication of nonfamily international intrapreneurship actions with transformational leadership and psychological empowerment.Originality/valueThe paper grants the driving mechanism of the transformational leadership on nonfamily employee international intrapreneurship through the mediating role of employee psychological empowerment in the context of family businesses in an emerging market.

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The role of business and social networks in the effectual internationalization: Insights from emerging market SMEs

Cited by 50 publications

References 104 publications

The impact of human, social, and psychological capital on academic spin-off internationalization

The impact of human, social, and psychological capital on academic spin-off internationalization

Registration Reform and the Role of Political Connections in the Initial Public Offering Process: Evidence From China

The effect of transformational leadership on nonfamily international intrapreneurship behavior in family firms: the mediating role of psychological empowerment

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