SMEs’ Formation of Minority International Joint Ventures and Level of Internationalization: The Moderating Role of a Global Versus Regional Focus

European Management Journal (2017), doi: 10.1016/j.emj.2016.08.006

Posted: 6 Jan 2021

See all articles by Niccolò Pisani

Niccolò Pisani

IMD

Adrián Atilio Caldart

affiliation not provided to SSRN

Jaël Hopma

University of Amsterdam Business School

Date Written: 2017

Abstract

The purpose of this paper is to investigate the relationship between the number of minority international joint ventures (MIJVs) formed and the level of internationalization attained in the context of small and medium-sized enterprises (SMEs). We argue that this is an inverted U-shaped relationship that is negatively moderated by a global (versus regional) focus. We test our hypotheses on a comprehensive sample of Spanish manufacturing SMEs from 2006 to 2013. Whereas our empirical analysis does not provide enough support for a curvilinear relationship, the results we obtained show a positive linear association between SMEs' number of MIJVs and internationalization and corroborate the negative moderation of a global focus. Thus, this study enhances our understanding of the specific impact of an internationalization strategy based on the formation of MIJVs in the context of SMEs. Moreover, it emphasizes the importance of considering contingencies at the regional frontier to understand the effect of SMEs' foreign expansion strategies.

Keywords: SME, internationalization, international joint ventures, global focus

JEL Classification: M00, M10, M16, M20, M21, D21, F00, F01, F02, F2, F20, F23, F44

Suggested Citation

Pisani, Niccolò and Caldart, Adrián Atilio and Hopma, Jaël, SMEs’ Formation of Minority International Joint Ventures and Level of Internationalization: The Moderating Role of a Global Versus Regional Focus (2017). European Management Journal (2017), doi: 10.1016/j.emj.2016.08.006, Available at SSRN: https://ssrn.com/abstract=3746937

Niccolò Pisani (Contact Author)

IMD ( email )

Ch. de Bellerive 23
P.O. Box 915
CH-1001 Lausanne
Switzerland

HOME PAGE: http://www.imd.org/faculty/professors/pisani-niccolo/

Adrián Atilio Caldart

affiliation not provided to SSRN

No Address Available

Jaël Hopma

University of Amsterdam Business School ( email )

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