DOI QR코드

DOI QR Code

The Effect of Internationalization Speed and Scope on Performance in Korean SMEs

한국 중소기업의 국제화 속도와 범위가 성과에 미치는 영향

  • 이양복 (동아대학교 글로벌비즈니스학과 )
  • Received : 2023.07.12
  • Accepted : 2023.08.03
  • Published : 2023.08.31

Abstract

This study investigates the effect of internationalization speed and scope on the performance in Korean SMEs. Through empirical regression analysis, the following results were identified. both the time-based speed of internationalization and the scope of internationalization by a geographical perspective have significant positive impacts on international performance. This implies that the earlier and wider in global market expansion, the more positive the effect on performance. It was also confirmed that the scope has a significantly greater effect on international performance than speed, which suggests that the geographical national scope is more meaningful for international performance than the initial foreign market entry speed. In addition, the characteristics of the CEO's international experience strengthened the positive relationship between internationalization speed and performance. In conclusion, it means that the internationalization speed and the scope after foreign market entry should be managed in a balanced way to enhance the level of SMEs internationalization.

본 연구는 우리나라 해외진출 중소기업을 대상으로 국제화 속도와 국제화 범위가 성과에 미치는 영향을 규명한다. 실증분석을 통해 해외시장에 최초 진출하는 시간관점의 국제화 속도와 해외시장 진출 이후 지리적 관점의 국제화 범위는 모두 국제화 성과에 유의한 정(+)의 영향을 미치는 것으로 확인되었다. 이는 해외시장에 빠르게 진출할수록, 해외진출 국가의 범위가 넓어질수록 성과에 긍정적인 영향이 있음을 의미한다. 또한 국제화 범위가 국제화 속도보다 국제화 성과에 유의하게 더 큰 영향을 미치는 것으로 분석되었다. 해외시장 최초 진출 속도도 중요하지만 진출이후 해외진출 국가의 지리적 범위의 단계적인 확대가 성과에 의미가 있음을 시사한다. 또한, 경영자의 해외시장에서 비즈니스 경험의 특성은 국제화 범위와 국제화 성과의 관계를 강화시키는 조절효과가 확인되었다. 결론적으로 자원과 역량이 상대적으로 부족한 중소기업의 국제화 과정에서 경영자의 글로벌지향성과 함께 해외시장으로의 빠른 진출 속도와 함께 진출이후의 범위의 균형적인 관리가 필요함을 의미한다.

Keywords

Acknowledgement

이 논문은 동아대학교 교내연구비 지원에 의해 연구되었음

References

  1. 김석수.오형근.박서연(2011), "국제화수준 및 과정이 경영성과에 미치는 영향," 「경영학연구」, 제40권 제6호, pp.1519-1547.
  2. 박근호.고경일(2007), "벤처기업의 사회적 자본. 국제화 속도. 국제화 성과의 관계에 관한 연구," 「국제경영리뷰」, 제11권 제3호, pp.147-170.
  3. 성길용.최순권(2022), "해외 다국적기업 국내자회사의 국제화속도와 생존율 연구," 「국제경영리뷰」, 제26권 제2호, pp.27-39.
  4. 차순권.김민호(2009), "한국 본-글로벌 기업의 국제화 속도와 성과 결정요인에 관한 연구," 「무역학회지」, 제34권 제4호, pp.233-261.
  5. Acedo, F. J. and Jones, M. V.(2007), "Speed of Internationalization and Entrepreneurial Cognition: Insights and a Comparison between International New Ventures, Exporters and Domestic firms," Journal of World Business, Vol.42 No.3, pp.236-252. https://doi.org/10.1016/j.jwb.2007.04.012
  6. Autio, E., Sapienza, H. J., and Almeida, J. G.(2000), "Effects of Age at Entry, Knowledge Intensity, and Imitability on International Growth," Academy of Management Journal, Vol.43 No.5, pp.909-924. https://doi.org/10.2307/1556419
  7. Bartlett, C. A., and Ghoshal, S.(2002). Managing across borders: The Transnational Solution. Harvard Business Press.
  8. Batsakis, G. and Theoharakis, V.(2021), "Achieving the Paradox of Concurrent Internationalization Speed: Internationalizing Rapidly in both Breadth and Depth," Management International Review, Vol.61 No.4, pp.429-467. https://doi.org/10.1007/s11575-021-00453-y
  9. Casillas, J. C. and Acedo, F. J.(2013), "Speed in the Internationalization Process of the Firm," International Journal of Management Reviews, Vol.15 No.1, pp.15-29. https://doi.org/10.1111/j.1468-2370.2012.00331.x
  10. Chang, S. J. and Rhee, J. H.(2011), "Rapid FDI Expansion and Firm Performance". Journal of International Business Studies, Vol.42, pp.979-994. https://doi.org/10.1057/jibs.2011.30
  11. Chetty, S., Johanson, M. and Martin, O. M.(2014), "Speed of Internationalization: Conceptualization, Measurement and Validation," Journal of World Business," Vol.49 No.4, pp.633-650. https://doi.org/10.1016/j.jwb.2013.12.014
  12. Jain, N. K., Celo, S., and Kumar, V.(2019), "Internationalization Speed, Resources and Performance: Evidence from Indian Software Industry," Journal of Business Research, Vol.95, pp.26-37. https://doi.org/10.1016/j.jbusres.2018.09.019
  13. Johanson, J. and Vahlne J. E.(1977), "The Internationalization Process of the Firm-A Model of Knowledge Development and Increasing Foreign Market Commitments", Journal of International Business Studies, Vol.8 No.1, pp.23-32 https://doi.org/10.1057/palgrave.jibs.8490676
  14. Johanson, J. and Vahlne, J. E.(2003), "Business Relationship Learning and Commitment in the Internationalization Process," Journal of International Entrepreneurship, Vol.1, pp.83-101. https://doi.org/10.1023/A:1023219207042
  15. Johanson, J. and Vahlne, J.-E.(2009), "The Uppsala Internationalization Process Model Revisited: from Liability of Foreignness to Liability of Outsidership," Journal of International Business Studies, Vol.40 No.9. pp.1411-1431. https://doi.org/10.1057/jibs.2009.24
  16. Khavul, S., Perez-Nordtvedt, L., and Wood, E.(2010), "Organizational Entrainment and International New Ventures from Emerging Markets," Journal of Business Venturing, Vol.25 No.1, pp.104-119. https://doi.org/10.1016/j.jbusvent.2009.01.008
  17. Kiss, A. N. and Danis, W. M.(2008), "Country Institutional Context, Social Networks, and New Venture Internationalization Speed," European Management Journal, Vol.26 No.6, pp.388-399. https://doi.org/10.1016/j.emj.2008.09.001
  18. Knight, G. A. and Cavusgil, S. T.(2004), "Innovation, Organizational Capabilities, and the Born-global Firm," Journal of International Business Studies, Vol.35, pp.124-141. https://doi.org/10.1057/palgrave.jibs.8400071
  19. McDougall, P. P., Shane, S. and Oviatt, B. M.(1994), "Explaining the Formation of International New Ventures: The Limits of Theories from International Business Research," Journal of Business Venturing, Vol.9, pp.469-487. https://doi.org/10.1016/0883-9026(94)90017-5
  20. Meyer, K. E. and Estrin, S. (2014), "Local Context and Global Strategy: Extending the Integration Responsiveness Framework to Subsidiary Strategy," Global Strategy Journal, Vol.4 No.1, pp.1-19. https://doi.org/10.1111/j.2042-5805.2013.01071.x
  21. Neubert, M.(2022), "A Systematic Literature Review about the Speed of Internationalization," International Journal of Business and Management, Vol.17 No.2, pp.80-111. https://doi.org/10.5539/ijbm.v17n2p80
  22. Oliveira, L. and Johanson, M.(2021), "Trust and Firm Internationalization: Dark-side Effects on Internationalization Speed and How to Alleviate Them," Journal of Business Research, Vol.133, pp.1-12. https://doi.org/10.1016/j.jbusres.2021.04.042
  23. Oviatt, B. M., and McDougall, P. P.(2005), "Toward a Theory of International New Ventures," Journal of International Business Studies, Vol.36, pp.29-41. https://doi.org/10.1057/palgrave.jibs.8400128
  24. Ramos, E., Acedo, F. J., and Gonzalez, M. R.(2011), "Internationalization Speed and Technological Patterns: A Panel Data Study on Spanish SMEs," Technovation, Vol.31(10-11), pp.560-572. https://doi.org/10.1016/j.technovation.2011.06.008
  25. Rugman, A. M. and Verbeke, A.(2003), "Extending the Theory of the Multinational Enterprise: Internalization and Strategic Management Perspectives," Journal of International Business Studies, Vol.34 No.2, pp.125-137. https://doi.org/10.1057/palgrave.jibs.8400012
  26. Zahoor, N. and Al-Tabbaa, O. (2021), "Post-entry Internationalization Speed of SMEs: The Role of Relational Mechanisms and Foreign Market Knowledge," International Business Review, Vol.30 No.1, 101761.