Internationalization and the ipo performance of new ventures
Résumé
Research of the internationalization-performance (I-P) relationship is dominated by studies of mature public companies, yet many international new ventures exist. Such ventures, often technology-based, may internationalize to quickly recover investment costs, or due to short product lifecycles. This study answers the question “does the performance of new technology-based companies that choose an international strategy differ from that of similar ventures that choose a solely domestic strategy?”