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The role of human capital and strategic intent in internationalisation scope of new technology-based firms

Coeurderoy, Regis, Davidsson, Per, & Tywoniak, Stephane (2008) The role of human capital and strategic intent in internationalisation scope of new technology-based firms. In Robinson, Timothy J., Christensen, Timothy Mark, & Fletcher, Angela Delia (Eds.) 16th Annual Conference on Pacific Basin Finance Economics Accounting Management – Innovation for a Sustainable Future : Visions for 2020, 2 - 4 July 2008, Brisbane, Australia.

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Abstract

This paper explores the internationalization scope of new technology based firms (NTBFs) during their early years of operation. Internationalization is considered as a growth strategy in its own right whose successful implementation requires relevant resources and capabilities. We focus on the role of human capital in the form of the international experience of the firm founders, and its interaction with the strategic intent to internationalize from the outset. Our analysis of a sample of 466 cases of UK and German NTBFs shows that human capital is a key success factor for international growth strategies. This human capital is an asset strongly facilitating the penetration of foreign markets, but it also appears that it is much more influential when backed up by a deliberate strategic intent to internationalize from the inception of the new venture. Similar conclusions can be drawn for the scale of entrepreneurial resources dedicated to the start-up: the higher they are, the higher the scope of internationalization, and scale is also leveraged by strategic intent.

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ID Code: 17171
Item Type: Conference Paper
Additional Information: The contents of this paper can be freely accessed online via the conference's web page (see hypertext link).
Keywords: Human Capital, New Technology, Internationalisation, Strategy
ISBN: 978-1-74107-242-6
Subjects: Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300) > Entrepreneurship (150304)
Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300) > Innovation and Technology Management (150307)
Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300) > Business and Management not elsewhere classified (150399)
Divisions: Current > Research Centres > Australian Centre for Business Research
Current > Research Centres > Australian Centre for Entrepreneurship
Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Economics & Finance
Current > Schools > School of Management
Copyright Owner: Copyright 2008 [please consult the authors]
Deposited On: 09 Jan 2009 14:29
Last Modified: 29 Feb 2012 23:45

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