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International entrepreneurship: leveraging internal and external knowledge sources
Author(s) -
Fernhaber Stephanie A.,
McdougallCovin Patricia P.,
Shepherd Dean A.
Publication year - 2009
Publication title -
strategic entrepreneurship journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 5.061
H-Index - 46
eISSN - 1932-443X
pISSN - 1932-4391
DOI - 10.1002/sej.76
Subject(s) - business , absorptive capacity , alliance , entrepreneurship , new ventures , knowledge management , corporate venture capital , international business , industrial organization , resource (disambiguation) , knowledge spillover , strategic alliance , marketing , economics , management , finance , political science , computer network , computer science , law
International knowledge is a key intangible resource for international entrepreneurship. Yet, given the liabilities of newness and foreignness, how do new ventures obtain international knowledge? In this study, we draw on the knowledge‐based view to investigate both internal and external sources of international knowledge for 206 new ventures. The findings suggest international knowledge may be sourced externally, including from alliance partners, venture capital firms, and firms in close proximity. Interestingly, and contrary to absorptive capacity arguments, new ventures with limited internationally experienced top management teams benefited most from external international knowledge sources. Copyright © 2009 Strategic Management Society.