Programa del congreso

Export performance represents a major force for achieving long-term competitive advantage and international success. This paper examines the influence of Business model innovation (BMI) on small and medium-sized enterprises (SMEs) export performance suggesting that changes in value creation, value delivery, and value capture are required to target international customers effectively. Then, drawing on the literature on dynamic managerial capabilities (DMCs), we look at the role of CEOs’ managerial capabilities on BMI in innovative SMEs. A quantitative study using partial least squares structural equation model (PLS-SEM) was conducted on 189 innovative Spanish SMEs operating in business-to-business (B2B) markets. Our findings provide new insights into the underexplored relationship between BMI and export performance generating new evidence regarding the mechanisms through which SMEs may improve export performance. We also highlight the positive relevance of CEOs’ managerial social capital and managerial cognition to foster BMI. Finally, managerial implications and future research directions are proposed.

Regarding why firms report voluntary initiatives to reduce greenhouse gases (GHG), little is known about interactions between the institutional configuration of the origin of FDI and host countries' institutions. Drawing on the New Institutional Economy and Varieties of Capitalism, we argue that FDI has a differentiated impact depending on its origin. FDI is positively externalizing the home institutions of the coordinated economies where it comes from. Host institutions, divided into economic freedom, environmental regulation, and informal institutions, play diverse roles. Environmental regulation and informal institutions moderate the negative impact of the FDI from liberal economies on these voluntary initiatives. The publicized economic freedom has adverse direct and indirect effects on these, the former being minimized by host informal institutions. Panel data models with dichotomous dependent variables receive strong support in this study on 1322 companies from twenty emerging countries that have reported GHG emission reduction initiatives as part of their involvement in the United Nations Global Compact (UNGC) program.

This longitudinal study delves into the potential two-way causal relationship between risk and commitment in the Uppsala Model formula. We aim to disentangle the causes and effects during the initial years of internationalisation. We explore the potential moderating effect of age at entry. We evaluated 1550 new ventures that internationalised within six years since their inception, measuring their realised risk and successful international commitment from the third to the seventh year of post-internationalisation. We used a unified framework for cross-lagged models to investigate the long- and short-term causality. We found that the causality direction varies depending on the timing of internationalisation, suggesting moderation. Our findings contribute to a better understanding of the Uppsala Model's central learning mechanism and a different logic in the causality based on the earliness of internationalisation. The study has practical implications for practitioners and policymakers interested in developing effective strategies for managing risk and early successful internationalisation. Our study provides evidence of the applicability of the Uppsala Model to explain some new ventures looking to expand internationally.

Understanding the temporal nature of risks incurred by new ventures (NVs) during the initial years of internationalisation is crucial for successful internationalisation. This study employs structural equation modelling to conduct a longitudinal data analysis of early exporters from a small open economy. Our research investigates the persistence of abnormal realised risk during the initial years of internationalisation. Through a two-way decomposition approach, we examine the age at first entry -earliness-, industry and firm-specific effects and their temporal dimension (permanent vs. temporary). Our panel data comprises 377 new firms across 21 manufacturing industries, tracked over seven years.

This study contrasts the effects stemming from two of the main theories on internationalization, namely the International Entrepreneurship approach and the Internationalisation-Process Model. We disentangle how persistent the earliness effect can be and develop the concept of learning to deploy knowledge internationally for risk reduction.