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Psychic Distance, I...
Psychic Distance, Innovation, and Firm Performance
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- Azar, Goudarz (författare)
- Swedish University of Agricultural Sciences,Sveriges lantbruksuniversitet,Institutionen för ekonomi,Department of Economics
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- Drogendijk, Rian (författare)
- Uppsala universitet,Företagsekonomiska institutionen
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(creator_code:org_t)
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- 2014-09-06
- 2014
- Engelska.
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Ingår i: Management International Review. - : Springer Science and Business Media LLC. - 0938-8249 .- 1861-8901. ; 54:5, s. 581-613
- Relaterad länk:
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https://urn.kb.se/re...
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visa fler...
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https://doi.org/10.1...
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https://res.slu.se/i...
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Abstract
Ämnesord
Stäng
- Previous research suggests that internationalization improves a firm's ability to innovate, but the effect of internationalizing into specific target markets or destinations on the innovation ability of firms has not been fully investigated. This study examined whether the psychic distance between target market and home market affects firms' propensity to innovate. The starting assumption was that perception of a high degree of differences and subsequent environmental uncertainty when expanding into psychically distant markets triggers strategies for interacting and integrating with the market environment. These include producing and adopting innovations to processes and products and to organizational strategy, structure, and administrative procedures to cope with the new environment and overcome uncertainties. These innovations and the associated competitive advantages can improve firm performance. Hypotheses regarding the relationships between psychic distance, innovation, and firm performance were tested here by structural equation modeling using data from 186 export ventures into 23 international markets by Swedish companies. The results indicate that the link between psychic distance and firm performance is mediated by innovation.
Ämnesord
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Företagsekonomi (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Business Administration (hsv//eng)
Nyckelord
- Psychic distance
- Innovation
- Internationalization
- Firm performance
- Uncertainty
Publikations- och innehållstyp
- ref (ämneskategori)
- art (ämneskategori)
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