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Effects of prior market experiences and firm-specific resources on developed economy SMEs' export exit from emerging markets : Complementary or compensatory?

Title data

Sandberg, Susanne ; Sui, Sui ; Baum, Matthias:
Effects of prior market experiences and firm-specific resources on developed economy SMEs' export exit from emerging markets : Complementary or compensatory?
In: Journal of Business Research. Vol. 98 (2019) . - pp. 489-502.
ISSN 0148-2963
DOI: https://doi.org/10.1016/j.jbusres.2018.10.014

Abstract in another language

Globalization has led to increased competition and risk of business failure for firms venturing abroad over the last decades. A particularly challenging situation is seen for SMEs from developed economies entering emerging markets. We theorize and empirically show that prior market experience with domestic and developed countries helps to reduce the hazard of exit from emerging markets. We further develop competing hypotheses from complementary and compensatory perspectives about the moderating influence of firm-specific resources (reflected by size, productivity and innovation). Using data from all Canadian SMEs having exported to emerging markets between 1993 and 2008, we find that SMEs can compensate for less accumulated experience through being larger, more productive and more innovative. SMEs that lack prior market experience are – with a sufficient set of compensatory resources – thereby able to be resilient in dissimilar export markets.

Further data

Item Type: Article in a journal
Refereed: Yes
Keywords: Prior market experience; Firm-specific resources; Emerging market export exit; Complementary perspective; Compensatory perspective; SME
Institutions of the University: Faculties > Faculty of Law, Business and Economics > Department of Business Administration
Result of work at the UBT: No
DDC Subjects: 300 Social sciences > 330 Economics
Date Deposited: 06 Apr 2020 10:58
Last Modified: 06 Apr 2020 10:58
URI: https://eref.uni-bayreuth.de/id/eprint/54806