Research output: Contribution to journal › Article › peer-review
Exploring the relationship between internationalization stage, innovation, and performance : The case of Spanish companies. / Freixanet, Joan; Churakova, Iya.
In: International Journal of Business, Vol. 23, No. 2, 01.01.2018, p. 131-150.Research output: Contribution to journal › Article › peer-review
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TY - JOUR
T1 - Exploring the relationship between internationalization stage, innovation, and performance
T2 - The case of Spanish companies
AU - Freixanet, Joan
AU - Churakova, Iya
N1 - Freixanet, J. Exploring the relationship between internationalization stage, innovation, and performance: The case of Spanish companies / J. Freixanet, I. Churakova // International Journal of Business. – 2018. - Volume 23, Issue 2. – P. 131-150.
PY - 2018/1/1
Y1 - 2018/1/1
N2 - Innovation and internationalization activities are considered two key sources of firms' competitiveness, growth and profitability. This study evaluates the relationship between both strategies, and with business performance. The analysis is based on survey data from a sample of Spanish manufacturing firms from different industries and stratified according to their internationalization involvement, divided for the first time in this field in different stages according to their level of exports and FDI. We argue that companies in more advanced internationalization stages will be more innovative. The results show a positive and significant increase in the level of product innovation as companies advance through the internationalization stages, with exporters as a whole exhibiting a higher level of both product and process innovation. Furthermore, internationalization shows a stronger contemporaneous effect on performance, while the direct impact of innovation is not significant. Conclusions are offered regarding both companies' management and public policy.
AB - Innovation and internationalization activities are considered two key sources of firms' competitiveness, growth and profitability. This study evaluates the relationship between both strategies, and with business performance. The analysis is based on survey data from a sample of Spanish manufacturing firms from different industries and stratified according to their internationalization involvement, divided for the first time in this field in different stages according to their level of exports and FDI. We argue that companies in more advanced internationalization stages will be more innovative. The results show a positive and significant increase in the level of product innovation as companies advance through the internationalization stages, with exporters as a whole exhibiting a higher level of both product and process innovation. Furthermore, internationalization shows a stronger contemporaneous effect on performance, while the direct impact of innovation is not significant. Conclusions are offered regarding both companies' management and public policy.
KW - Export performance
KW - Export promotion programs
KW - Internationalization stage
KW - Internationalization theories
KW - Process innovation
KW - Product innovation
KW - Profitability
KW - Resource-based view
KW - Standardized regression
KW - SCOPUS
KW - WOS
KW - SCOPUS
KW - WOS
UR - http://www.scopus.com/inward/record.url?scp=85045957896&partnerID=8YFLogxK
M3 - Article
AN - SCOPUS:85045957896
VL - 23
SP - 131
EP - 150
JO - International Journal of Business
JF - International Journal of Business
SN - 1083-4346
IS - 2
ER -
ID: 36929654