Macquarie University
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Internationalization of firms: antecedents, speed, and performance implications : evidence from the German renewable-energy industry

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posted on 2022-03-28, 09:49 authored by Dominik Chahabadi
Since the early stages of international business research, scholars have significantly advanced our understanding of drivers, processes, and outcomes of firm internationalization. Due to changes in the global environment and technological progress, internationalization patterns of firms constantly evolve and need to be addressed in scholarly work, to account for such changes. This thesis addresses shortcomings in existing literature regarding the subsequent international development of international new ventures (INVs) and the internationalization speed of INVs and traditional exporters. By conceptualizing internationalization speed along multiple dimensions, this work adds to a lack of empirical work in this emergent area. While previous international entrepreneurship literature has focused largely on the pre-internationalization period of INVs, this thesis analyzes the subsequent internationalization stage. This study provides a comprehensive conceptual framework depicting relationships of antecedents of INVs’ subsequent internationalization process and specifically analyzes the moderating impact of institutional distance. In addition, it empirically identifies INV antecedents of subsequent internationalization speed along its multiple dimensions. Moreover, different speed dimensions are assessed for their individual impact on international performance for INVs and traditional exporters. This thesis uses a multi-method approach consisting of conceptual and empirical work. Data for empirical analysis was collected from the German renewable-energy industry. A mixed-method approach was used consisting of a qualitative analysis to explore INVs’ antecedents of subsequent speed and a quantitative analysis to test hypotheses. Furthermore, based on a sample of 230 firms, this study employs structural equation modelling to test the impact of individual speed dimensions on international performance. This work is unique in that it sheds light on subsequent speed of INV internationalization and points out shortcomings in existing literature with regard to the speed-performance relationship and its conceptualization. The results of this study help managers to more effectively align their internationalization strategy and highlight the benefits and drawbacks of fast internationalization.


Table of Contents

1. Introduction to the thesis -- 2. Introduction to Paper I. Modelling the moderating impact of institutional distance on subsequent international new venture internationalization -- 3. Introduction to Paper II. Drivers of INVs’ subsequent internationalization speed – evidence from the German renewable-energy -- 4. Introduction to Paper III. The impact of internationalization speed along its multiple dimensions on firms’ international performance – a comparison between INVs and traditional exporters -- 5. Conclusion to thesis.


Bibliography: pages 167-177 Thesis by publication. "Faculty of Business and Economics, Department of Marketing and Management, Macquarie University, Sydney & Faculty of Economics, Chair of Organization and Corporate Development, Georg-August-Universität Göttingen" -- title page.

Awarding Institution

Macquarie University

Degree Type

Thesis PhD


PhD, Macquarie University, Faculty of Business and Economics, Department of Marketing and Management

Department, Centre or School

Department of Marketing and Management

Year of Award


Principal Supervisor

Meena Chavan


Copyright Dominik Chahabadi 2015. Copyright disclaimer:




Germany (West)


1 online resource (xi, 180 pages)

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