The effects of ownership and governance on SMEs' international knowledge-based resources

Small Business Economics

Volumn 29, Issue 3, 2007, Pages 309-327

  Zahra, Shaker A ^a   Neubaum, Donald O ^b   Naldi, Lucia ^c  

^a UNIVERSITY OF MINNESOTA   (United States)

^b OREGON STATE UNIVERSITY   (United States)

^c JÖNKÖPING INTERNATIONAL BUSINESS SCHOOL   (Sweden)

Author keywords

Governance; Internationalization; Ownership; SMEs

Indexed keywords

EID: 34548086249     PISSN: 0921898X     EISSN: 15730913     Source Type: Journal    
DOI: 10.1007/s11187-006-9025-y     Document Type: Article

References (74)

1. Acs Z. J., Preston L. (1997). Small and Medium-Sized Enterprises, Technology, and Globalization: Introduction to a Special Issue on Small and Medium-Sized Enterprises in the Global Economy Small Business Economics 9(1): 1-6.
2. Adler P. S., Kwon S. (2002). Social Capital: Prospects for a New Concept Academy of Management Review 27(1): 17-40.
3. Andersson, S. (2004). Internationalization in Different Industrial Contexts Journal of Business Venturing 19(6): 851-875.
4. Beatty R. P., Zajac E. J. (1994). Top Management Incentives, Monitoring, and Risk Sharing: A Study of Executive Compensation, Ownership, and Board Structure in Initial Public Offerings Administrative Science Quarterly 39: 313-335.
5. Bell J., McNaughton R., Young S., Crick D. (2003). Towards an Integrative Model of Small Firm Internationalization Journal of International Entrepreneurship 1(4): 339-362.
6. Bennett, R. J. and P. J. A. Robson, 2004, The Role of Boards of Directors in Small and Mediumsized Firms', Journal of Small Business and Enterprise Development 11(1), 95-113
7. Bloodgood J. M., Sapienza H. J., Almeida J. G. (1996). The Internationalization of New High-Potential U.S. Ventures: Antecedents and Outcomes Entrepreneurship Theory and Practice 20(4): 61-76.
8. Boter H., Holmquist C. (1996). Industry Characteristics and Internationalization Processes in Small Firms Journal of Business Venturing 11(6): 471.
9. Brush C. G., Chaganti R. (1999). Businesses Without Glamour? An Analysis of Resources on Performance by Size and Age in Small Service and Retail Firms Journal of Business Venturing 14(3): 233-257.
10. Buckley P. J. (1997). International Technology Transfer by Small and Medium Sized Enterprises Small Business Economics 9(1): 67-78.
11. Calof J. L. (1993). The Mode Choice and Change Decision Process and its Impact on International Performance International Business Review 2(1): 97-120.
12. Carpenter M. A., Pollock T. G., Leary M. M. (2003). Testing a Model of Reasoned Risk-Taking: Governance, the Experience of Principals and Agents, and Global Strategy in High-Technology IPO Firms Strategic Management Journal 24(9): 803-820.
13. Daily C. M., Dalton D. R. (1992) The Relationship Between Governance Structure and Corporate Performance in Entrepreneurial Firms Journal of Business Venturing 7(5): 375-386.
14. Daily C. M., McDougall P. P., Covin J. G., Dalton D. R. (2002). Governance and Strategic Leadership in Entrepreneurial Firms Journal of Management 28(3): 387-412.
15. Delios A., Beamish P. W. (1999). Geographic Scope, Product Diversification, and the Corporate Performance of Japanese Firms Strategic Management Journal 20(8): 711-727.
16. Dess G., Gupta A., Hennart J.-F., Hill C. W. L. (1995). Conducting and Integrating Strategy Research at the International, Corporate, and Business Levels: Issues and Directions Journal of Management 21(3): 357-393.
17. Dunning J. H. (2000). The Eclectic Paradigm as an Envelope for Economic and Business Theories of MNE Activity International Business Review 9(2): 163-190.
18. Dyer J. H., Singh H. (1998). The Relational View: Cooperative Strategy and Sources of Interorganizational Competitive Advantage Academy of Management Review 23(4): 660-679.
19. Filatotchev I., Wright M. (2005). The Corporate Governance Life Cycle. In Filatotchev I., Wright M. (eds) The Life Cycle Of Corporate Governance. Cheltenham: Edward Elgar, pp. 1-19.
20. Gedajlovic E., Lubatkin M., Schulze W. S. (2004). Crossing the Threshold from Founder Management to Professional Management: A Governance Perspective Journal of Management Studies 41(5): 899-912.
21. Gedajlovic, E. and S. A. Zahra, 2005, Entrepreneurship, organizational learning, and capability building. In S. W. Floyd, J. Roos, C. Jacobs and F. Kellermanns (eds.), Innovating strategy processes. Cambridge: Blackwell Publishing.
22. George G., Wiklund J., Zahra S. A. (2005). Ownership and the Internationalization of Small Firms Journal of Management 31: 210-233.
23. Grant, R. M. (1996). Toward a knowledge-based theory of the firm Strategic Management Journal, 17(Special Issue: Knowledge and the Firm): 109-122.
24. Henderson A. D. (1999). Firm Strategy and Age Dependence: A Contingent View of the Liabilities of Newness, Adolescence and Obsolescence Administrative Science Quarterly, 44(2): 281-314.
25. Johannisson, B. and M, Huse, 2000, Recruiting outside board members in the small family business: An ideological challenge. Entrepreneurship and Regional Development, 12.
26. Johanson J., Vahlne J.-E. (2003). Business Relationship Learning and Commitment in the Internationalization Process Journal of International Entrepreneurship 1(1): 83-101.
27. Johnson J. L., Daily C. M., Ellstand A. E. (1996). Boards and Directors: A Review and a Research Agenda Journal of Management 22(3): 408-429.
28. Keasey K., Wright M. (1993). Issue in Corporate Accountability and Governance: An Editorial Accounting and Business Research 23(91A): 291-303.
29. Kogut B., Zander U. (1992). Knowledge of the Firm, Combinative Capabilities, and the Replication of Technology Organization Science 3(3, Focused Issue: Management of Technology): 383-397.
30. Le S. A., Walters B., Kroll M. (2006). The Moderating Effects of External Monitors on the Relationship between R&D Spending and Firm Performance Journal of Business Research 59(2): 278-287.
31. Lu J. W., Beamish P. W. (2001). The Internationalization and Performance of SMEs Strategic Management Journal 22(6-7): 565-586.
32. Lynall, M. D., B. R. Golden and A. J. Hillman, 2003, Board Composition from Adolescence to Maturity: A Multitheoretical View,' Academy of Management Review 28, 416-431
33. MacMillan I. C., Kudlow D. M., Khoylian R. (1989). Venture Capitalists' Involvement in their Investments: Extent and Performance Journal of Business Venturing 4: 27-47.
34. MacMillan I. C., Seigel R., Subbanarasimha P. N. (1985). Criteria used by Venture Capitalists to Evaluate New Venture Proposals Journal of Business Venturing 1: 119-128.
35. McDougall P. P., Oviatt B. M. (1996). New Venture Internationalization, Strategic Change, and Performance: A Follow-up Study Journal of Business Venturing 11(1): 23-40.
36. McNulty T., Pettigrew A. (1999). Strategists on the Board Organization Studies 20: 47-74.
37. Mitchell W., Shaver J. M., Yeung B. (1992). Getting there in a Global Industry: Impacts on Performance of Changing International Presence Strategic Management Journal 13 (Sept.): 419-432.
38. Nahapiet J., Ghoshal S. (1998). Social Capital, Intellectual Capital and the Organizational Advantage Academy of Management Review 23(2): 242-266.
39. Nickerson J. A., Zenger T. R. (2004). A Knowledge-Based Theory of the Firm: The Problem-Solving Perspective Organization Science 15(6): 617-632.
40. OECD, 2002, OECD SME policy outlook. Paris: Centre for Entrepreneurship, SMEs and Local Development.
41. OECD, 2004, 3-5 June, Promoting entrepreneurship and innovative SMEs in global economy. Paper presented at the 2nd OECD Conference of ministers responsible for small and medium-sized enterprises (SMEs), Istanbul, Turkey.
42. Oviatt B. M., McDougal P. P. (1997). Challenges for Internationalization Process Theory: the Case of International New Ventures Management International Review 37(2): 85-99.
43. Perry, L. T. (1988). Venture Capital Connection: How Relationships between Founders and Venture Capitalists Affect Innovation in New Ventures Academy of Management Executive 2: 205-212.
44. Reuber A. R., Fischer E. (1997). The Influence of the Management Team's International Experience on the Internationalization Behaviors of SMEs Journal of International Business Studies 28(4): 807-825.
45. Samiee S., Walters P. G. P. (1990). Influence of Firm Size on Export Planning and Performance Journal of Business Research 20: 235-248.
46. Sanders W. G., Carpenter M. A. (1998). Internationalization and Firm Governance: The Roles of CEO Compensation, Top Team Composition, and Board Structure Academy of Management Journal 41: 158-178.
47. Sapienza, H. J. (1992), When Do Venture Capitalists Add Value? Journal of Business Venturing 7: 9-27.
48. Short H., Keasey K., Hull A., Wright M. (1998). Corporate Governance, Accountability and Enterprise Scholarly Research and Theory Papers 6(3): 151-165.
49. Short H., Keasey K., Wright M., Hull A. (1999). Corporate Governance: From Accountability to Enterprise Accounting and Business Research 29(4): 337-352.
50. Sirmon D. G., Hitt M. A. (2003). Managing Resources: Linking Unique Resources, Management, and Wealth Creation in Family Firms Entrepreneurship Theory and Practice 27(4): 339-358.
51. Sriram V., Manu F. (1995). Country-of-Destination and Export Marketing Strategy: A Study of U.S. Exporters Journal of Global Marketing 8(3-4): 171-191.
52. Statistical Abstract of the US, 1995-2003, www.census.gov/prod/www/ statistical-abstract-us.html.
53. Szulanksi, G. (1996). Exploring internal stickiness: Impediments to the transfer of best practice within the firm. Strategic Management Journal, 17(Winter Special Issue): 27-43.
54. Troy L., 1995-2003, Almanac of Business and Industrial Financial Ratios. Englewood Cliffs, N.J: Prentice-Hall.
55. Tyebjee T. T., Bruno A. V. (1984) A Model of Venture Capitalist Investment Activity Management Science 30: 1051-1066.
56. US International Trade Association, 2005, Small & medium-sized exporting companies: A statistical handbook- Results from the exporter database. Washington, DC: Office of Trade and Industry Information ( http://www.ita.doc. gov/td/industry/otea/ ).
57. Van den Berghe L. A. A., Levrau A. (2003). Measuring the Quality of Corporate Governance: In Search of a Tailormade Approach? Journal Of General Management 28(3) 71-86.
58. Van Gils A. (2005) Management and Governance in Dutch SMES European Management Journal 23(5): 583.
59. Wade J., O'Reilly C. A, Chandratat I. (1990). Golden Parachutes: CEOs and the Exercise of Social Influence Administrative Science Quarterly 35: 587-603.
60. Westhead P., Wright M., Ucbasaran D. (2001). The Internationalization of New and Small Firms: A Resource-Based View Journal of Business Venturing, 16(4): 333-358.
61. Wiklund J. (1998). Small Firm Growth and Performance Jönköping University, Jönköping.
62. Wiklund J., Shepherd D. (2003). Knowledge-Based Resources, Entrepreneurial Orientation, and the Performance of Small and Medium-Sized Businesses Strategic Management Journal 24(13): 1307-1314.
63. Wright P., Ferris S., Sarin A., Awasthi V. (1996). Impact of Corporate Insider, Blockholder, and Institutional Equity Ownership on Firm Risk Taking Academy of Management Journal 39(2): 441-463.
64. Wright M., Robbie K. (1998). Venture Capital and Private Equity: A Review and Synthesis Journal of Business Finance and Accounting 25(5-6): 521-570.
65. Yli-Renko H., Autio 0E., Sapienza H. J. (2001). Social Capital, Knowledge Acquisition, and Knowledge Exploitation in Young Technology-Based Firms Strategic Management Journal 22(6-7): 587-613.
66. Zahra S. A. (1996). Governance, Ownership, and Corporate Entrepreneurship: The Moderating Impact of Industry Technological Opportunities Academy of Management Journal 39(6): 1713-1735.
67. Zahra S. A. (2003). International Expansion of U.S. Manufacturing Family Businesses: The Effect of Ownership and Involvement Journal of Business Venturing 18(4): 495-512.
68. Zahra S. A., Filatotchev I. (2004). Governance of the Entrepreneurial Threshold Firm: A Knowledge-Based Perspective Journal of Management Studies 41(5): 885-897.
69. Zahra S. A., Ireland D. R., Hitt M. A. (2000). International Expansion by New Venture Firms: International Diversity, Mode of Market Entry, Technological Learning, and Performance Academy of Management Journal 43(5): 925-950.
70. Zahra S. A., Neubaum D., Huse M. (1997). The Effect of the Environment on the Firm's Export Intensity Entrepreneurship: Theory & Practice 22 (1): 25-46.
71. Zahra S. A., Neubaum D. O., Huse M. (2000). Entrepreneurship in Medium-Size Companies: Exploring the Effects of Ownership and Governance Systems Journal of Management 26(5): 947-976.
72. Zahra S. A., Pearce J. A. (1989). Boards of Directors and Corporate Financial Performance: A Review and Integrative Model Journal of Management 15: 291-334.
73. Zajac E. J., Westphal J. D. (1994). The Costs and Benefits of Managerial Incentives and Monitoring in Large U.S. Corporations: When is More not Better? Strategic Management Journal 15: 121-142.
74. Zutshi R. K., Tan W. L., Allampalli D. G., Gibbobs P. G. (1999) Singapore Venture Capitalists (VCs) Investment Evaluation Criteria: A Re-examination Small Business Economics 1(13): 9-26.