Intellectual capital and new ventures early internationalization: Firm-level analysis of Austrian SMEs

Objective: The objective of the article is to explore the impact of intellectual capital on firms’ propensity for early internationalization. Research Design & Methods: The scientific argument relied on scrutinizing the current knowledge base in the field and conducting empirical stud...

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Bibliographic Details
Main Authors: Krystian Bigos, Adam Michalik
Format: Article
Language:English
Published: Cracow University of Economics 2024-12-01
Series:Entrepreneurial Business and Economics Review
Subjects:
Online Access:https://eber.uek.krakow.pl/eber/article/view/2728
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Summary:Objective: The objective of the article is to explore the impact of intellectual capital on firms’ propensity for early internationalization. Research Design & Methods: The scientific argument relied on scrutinizing the current knowledge base in the field and conducting empirical studies among Austrian startups. From these studies, we constructed a logistic regression model. Findings: According to the study findings, there exists a favourable dependence between prior international experience, level of education, and the early internationalization of new ventures. Implications & Recommendations: The study carries several practical implications. Entrepreneurs aiming for early internationalization should draw on their prior international exposure and recruit employees with similar experience. Furthermore, the significance of education level was noteworthy. A higher level of education correlates with a higher probability of early internationalization. Contribution & Value Added: The article addresses areas of research that have not yet been explored in early internationalization analyses. It can act as a foundation for more comprehensive studies on this phenomenon, including ventures from different countries.
ISSN:2353-8821