STATUS · THE LIMITS TO THE TRANSFER OF FIRMS’ STATUS ADVANTAGES IN CROSS-BORDER INVESTMENTS
7РП — „Хора“ (Действия „Мария Кюри“)
- Период
- 2011-09-01 → 2015-08-31
- Финансиране от ЕС
- 100 000 €
- Участници
- 1
- Схема
- MC-CIG
Линиите свързват координатора с партньорите.
Накратко на български
Прехвърлянето на репутацията на фирмите при разширяване в чужбина се анализира чрез примера с венчуър капиталисти в биотехнологичния сектор. Разбирането на този процес помага да се определи дали статусът на една компания в родната ѝ страна ще повлияе на успеха ѝ на нови пазари.
Кратко обяснение, генерирано от езиков модел по текста на CORDIS. Оригиналът е по-долу.
Резултати накратко
THE LIMITS TO THE TRANSFER OF FIRMS’ STATUS ADVANTAGES IN CROSS-BORDER INVESTMENTS
The literature agrees on the benefits of organizational status, but there is less information about whether and when firms can enjoy status-related benefits in different markets. Focusing on international expansion, this study argues that the extent to which a firm can transfer status advantages from its home market to a host market depends in part on the relationships between the two markets. The study builds on the international management literature and hypothesizes that two conditions influence transferability of organizational status: the interconnectedness of the home and host markets and the relative position of the two markets in terms of global connectedness. The hypotheses are tested by examining whether cross-border VC firms with high home market status contribute to the performance of their ventures in a study of 462 VC-backed biotechnology ventures in 25 countries between 1990 and 2006. Correcting for endogeneity, the results suggest that some level of interconnectedness between national markets is required for successful transfer of status, and the relative proximity of the VC firm’s home market to the core of the world trade system acts as a substitute for firm status, reducing its impact on performance. Understanding how status transfers across international markets is also important for practical reasons. International expansion is increasingly common. In 2010, inward foreign direct investment stock was around 30 percent of world GDP, and international trade was 56 percent. While the international management literature emphasizes that firms can exploit proprietary resources such as technological know-how or marketing capabilities in an international expansion (Hymer, 1976), organizational status has received less attention as a resource that can be exploited internationally. Status shares several characteristics with intangible firm resources, but it also fundamentally differs from them due to its relational nature. Therefore, the extent to which status can be exploited in international investments presents an interesting question with practical implications.
Текст от CORDIS, на английски · Данни: CORDIS, © Европейски съюз
Цел на проекта
The performance benefits of firm status have been well-documented in the literature. While recent work in management has shown that status advantages may be transferable across markets as a proxy of entering firm’s quality, the limits to the transferability of status advantages, particularly across national borders, have not been fully studied. This research program proposes to study this question in three related parts: (1) How do physical, cultural and institutional distances between home and host countries influence the transfer of status-based advantages? (2) How do transnational ties, especially those of migration and trade, influence the transferability of status advantages? (3) How do country-level status differences influence the transfer of firm-level status advantages in cross-border trade?This study will examine these questions in the context of cross-border venture capital investments. This context not only provides an opportunity to examine how status advantages transfer across national borders, but also a deeper understanding of cross-border venture capital flows, a topic of increasing importance to foster innovation and economic growth. The empirical study will examine the likelihood of venture capital firms to enter a new country, and the amount of their investment in the country, with a longitudinal data set that compiles secondary data on investments between a sample of countries.The study will contribute to the literature and practice in two ways. First, it will contribute to the management literature by examining the contingencies around the transfer of status advantages. Second, it will contribute to the entrepreneurship and innovation financing literature by documenting the pathways of cross-border investment as a function of firm-level status advantages. Third, it will inform practice by providing a guideline to firms and policy makers about how venture capital firms choose where to invest.
Оригинален текст от CORDIS (на английски).
Участници
- SABANCI UNIVERSITESI · IstanbulКоординаторТурция
Връзки
Данни: CORDIS, © Европейски съюз