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Fast and Furious or Slow and Cautious? The Joint Impact of Age at Internationalization, Speed, and Risk Diversity on the Survival of Exporting Firms

Author

Listed:
  • Pierre-Xavier Meschi

    (AMU IAE - Institut d'Administration des Entreprises (IAE) - Aix-en-Provence - AMU - Aix Marseille Université, CERGAM - Centre d'Études et de Recherche en Gestion d'Aix-Marseille - AMU - Aix Marseille Université - UTLN - Université de Toulon)

  • Antonin Ricard

    (AMU IAE - Institut d'Administration des Entreprises (IAE) - Aix-en-Provence - AMU - Aix Marseille Université, CERGAM - Centre d'Études et de Recherche en Gestion d'Aix-Marseille - AMU - Aix Marseille Université - UTLN - Université de Toulon)

  • Ernesto Tapia

    (CIFASIS - Centro Internacional Franco Argentino de Ciencias de la Información y de Sistemas - Université Paul Cézanne - Aix-Marseille 3 - CONICET - Consejo Nacional de Investigaciones Científicas y Técnicas [Buenos Aires] - Universidad Nacional de Rosario [Santa Fe])

Abstract

This article examines the effect of age at internationalization and pace of internationalization on the survival of small and medium-sized enterprises. Two sets of hypotheses are developed on the basis of the sequential expansion and international new venture approaches. These hypotheses are tested using an event-history method and panel data on French SMEs that exported for the first time between 2003 and 2012 (547 firm-year observations). The results show that the failure rate for firms adopting the late, slow, and cautious sequential expansion approach is significantly lower than in small firms adopting other paths to internationalization.

Suggested Citation

  • Pierre-Xavier Meschi & Antonin Ricard & Ernesto Tapia, 2017. "Fast and Furious or Slow and Cautious? The Joint Impact of Age at Internationalization, Speed, and Risk Diversity on the Survival of Exporting Firms," Post-Print hal-01456066, HAL.
    • Handle: RePEc:hal:journl:hal-01456066
    DOI: 10.1016/j.intman.2017.01.001
    as

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