Should Small,Young Technology-Based Firms Internalize Transactions in Their Internationalization?
Lee Li; Gongming Qian; Zhengming Qian; 钱争鸣
【Abstract】Small, young entrepreneurial firms' governance structure across countries has generated an interesting debate in recent years. That is, should these firms internalize or externalize transactions in their internationalization? Existing studies suggest that there are advantages and disadvantages to both structures, but the findings are mixed. This study explores the factors that determine the governance structure of small, young technology-based entrepreneurial firms (SYTEFs). Evidence collected in this study indicates that choice of governance structure by SYTEFs is determined by a specific set of conditions, specifically, their choice of governance structure depends on their strategic assets, industry dynamism, and business scope 。
该文以加拿大初创小企业为研究对象，探讨其“公司治理结构”(governance structure)的理论和实践问题，即初创小企业在国际化的进程中究竟是选择“内部化”或“外部化”的经营方式，分析影响其选择的关键因素，得出重要的实证结果。论文发表时间虽短，其所提出的观点及结论已得到学界的广泛关注。
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