Share:


U-shaped relationship in international entrepreneurship: entrepreneurial orientation and innovation as drivers of internationalisation of firms

    Krzysztof Wach Affiliation
    ; Marek Maciejewski   Affiliation
    ; Agnieszka Głodowska   Affiliation

Abstract

This article aims to identify and verify the relationship between entrepreneurial orientation and innovation of internationalised firms from Poland as a former emerging market. The article assesses this relationship in terms of the internationalisation scope. We adopted a quantitative research design and conducted a CATI survey on a sample of 355 firms operating in Poland. To verify the various assumed relationships, we used statistical instruments, including descriptive statistics and simple linear regression. Entrepreneurial orientation influences the innovations of internationalized firms. The impact depends on the scope of internationalization and is U-shaped. The impact of entrepreneurial orientation on innovation is greater for firms with large and small scope of internationalization. A relatively lower impact of entrepreneurial orientation on innovation is visible for firms with a moderate scope of internationalization. The study is an original contribution to the literature. Firstly, we perceive entrepreneurial orientation as a variable that can determine corporate innovation. Secondly, most of the empirical research to date focuses on highly developed markets. Firms that go beyond the borders of emerging markets see internationalization as a way of gaining experience, learning, and an opportunity to improve their innovative capacity. Thirdly, the study contributes to the development of theories combining entrepreneurial orientation with innovation by applying a new concept of a U-shaped curve.


First ublished online 20 May 2022

Keyword : entrepreneurial orientation, innovation, internationalisation, international entrepreneurship, U-shaped curve, Poland

How to Cite
Wach, K., Maciejewski, M., & Głodowska, A. (2022). U-shaped relationship in international entrepreneurship: entrepreneurial orientation and innovation as drivers of internationalisation of firms. Technological and Economic Development of Economy, 28(4), 1044–1067. https://doi.org/10.3846/tede.2022.16690
Published in Issue
Jun 7, 2022
Abstract Views
937
PDF Downloads
906
Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

References

Acosta, A. S., Crespo, Á. H., & Agudo, J. C. (2018). Effect of market orientation, network capability and entrepreneurial orientation on international performance of small and medium enterprises (SMEs). Journal of Business Review, 27, 1128–1140. https://doi.org/10.1016/j.ibusrev.2018.04.004

Acs, Z. J., Desai, S., & Hessels, J. (2008). Entrepreneurship, economic development and institutions. Small Business Economics, 31(3), 219–234. https://doi.org/10.1007/s11187-008-9135-9

Ahmed, F. U., & Brennan, T. (2019). Performance determinants of early internationalizing firms: The role of international entrepreneurial orientation. Journal of International Entrepreneurship, 17(4), 389–424. https://doi.org/10.1007/s10843-019-00250-7

Akbar, F., Khan, R. A., Wadood, F., & Bin Bon, A. T. (2020). Entrepreneurial orientation dimension affects firm performance: A perspective from the Malaysian furniture industry. Entrepreneurial Business and Economics Review, 8(4), 157–181. https://doi.org/10.15678/EBER.2020.080409

Alegre, J., & Chiva, R. (2013). Linking entrepreneurial orientation and firm performance: The role of organizational learning capability and innovation performance. Small Business Management, 51(4), 491–507. https://doi.org/10.1111/jsbm.12005

Andersen, J. A. (2010). A critical examination of the EO-performance relationship. International Journal of Entrepreneurial Behavior & Research, 16(4), 309–328. https://doi.org/10.1108/13552551011054507

Bakar, L. J., & Ahmad, H. (2010). Assessing the relationship between firm resources and product innovation performance. Business Process Management Journal, 16(3), 420–435. https://doi.org/10.1108/14637151011049430

Barłożewski, K., & Trąpczyński, P. (2021). Internationalisation motives and the multinationality-performance relationship: The case of Polish firms. Entrepreneurial Business and Economics Review, 9(2), 85–104. https://doi.org/10.15678/EBER.2021.090206

Basso, O., Fayolle, A., & Bouchard, V. (2009). Entrepreneurial orientation: The making of a concept. Entrepreneurship and Innovation, 10(4), 313–321. https://doi.org/10.5367/000000009790012327

Bhatti, A., Rehman, S. U., & Rumman, J. (2020). Organizational capabilities mediates between organizational culture, entrepreneurial orientation, and organizational performance of SMEs in Pakistan. Entrepreneurial Business and Economics Review, 8(4), 85–103. https://doi.org/10.15678/EBER.2020.080405

Benazzouz, N. M. (2019). Entrepreneurial orientation and innovation intensity: A synthetic literature review. International Entrepreneurship Review, 5(2), 23–36. https://doi.org/10.15678/IER.2019.0502.02

Bigos, K., & Michalik, A. (2020). The influence of innovation on international new ventures’ exporting in Central and Eastern Europe and Central Asia countries. Entrepreneurial Business and Economics Review, 8(3), 47–63. https://doi.org/10.15678/EBER.2020.080303

Bigos, K., & Wach, K. (2021). Product innovation as the cause for export propensity in the Caucasus: Empirical evidence for Armenia, Azerbaijan and Georgia. Central Asia and the Caucasus, 22(2), 90–100. https://doi.org/10.37178/ca-c.21.2.08

Boermans, M. A., & Roelfsema, H. (2016). Small firm internationalization, innovation, and growth. International Economics and Economic Policy, 13(2), 283–296. https://doi.org/10.1007/s10368-014-0310-y

Boso, N., Cadogan, J. W., & Story, V. M. (2013). Entrepreneurial orientation and market orientation as drivers of product innovation success: A study of exporters from a developing economy. International Small Business Journal, 31(1), 57–81. https://doi.org/10.1177/0266242611400469

Brathwaite, J. (2017). Entrepreneurial orientation relationship with internationalization: mediating impact of project management flexibility in emerging economies. The Business and Management Review, 9(3), 536–562.

Bujan, I. (2019). Entrepreneurial orientation and socioemotional dimensions in small family hotels: do they impact business performance?. Economic research-Ekonomska istraživanja, 33(1), 1925–1942. https://doi.org/10.1080/1331677X.2020.1763824

Camisón C., & Villar, A. (2009). Capabilities and propensity for cooperative internationalization. International Marketing Review, 26(2), 124–150. https://doi.org/10.1108/02651330910950394

Cassiman, B., & Golovko, E. (2011). Innovation and internationalization through exports. Journal of International Business Studies, 42, 56–75. https://doi.org/10.1057/jibs.2010.36

Covin, J. G., & Miller, D. (2014). International entrepreneurial orientation: conceptual considerations, research themes, measurement issues, and future research directions. Entrepreneurship Theory and Practice, 38(1), 11–44. https://doi.org/10.1111/etap.12027

Covin, J. G., & Slevin, D. (1989). Strategic management of small firms in hostile and benign environments. Strategic Management Journal, 10(1), 75–87. https://doi.org/10.1002/smj.4250100107

Dai, L. N., Maksimov, V., Gilbert, B. A., & Fernhaber, S. A. (2014). Entrepreneurial orientation and international scope: The differential roles of innovativeness, proactiveness, and risk-taking. Journal of Business Venturing, 29(40), 511–524. https://doi.org/10.1016/j.jbusvent.2013.07.004

Dohse, D., & Niebuhr, A. (2018). How different kinds of innovation affect exporting. Economics Letters, 163, 182–185. https://doi.org/10.1016/j.econlet.2017.12.017

Ejdys, J. (2016). Entrepreneurial orientation vs. innovativeness of small and medium size enterprises. Journal of Engineering, Project, and Production Management, 6(1), 13–24. https://doi.org/10.32738/JEPPM.201601.0003

Etemad, H. (2015). Entrepreneurial orientation-performance relationship in the international context. Journal of International Entrepreneurship, 13, 1–6. https://doi.org/10.1007/s10843-015-0150-z

Gabrielczak, P., & Serwach, T. (2018). The links between firm-level productivity and modes of international expansion of firms from the Lodz Voivodeship. Economic research-Ekonomska istraživanja, 31(1), 1307–1329. https://doi.org/10.1080/1331677X.2018.1477612

Genc, E., Dayan, M., & Genc, O. M. (2019). The impact of SME internationalization on innovation: The mediating role of market and entrepreneurial orientation. Industrial Marketing Management, 82, 253–264. https://doi.org/10.1016/j.indmarman.2019.01.008

Głodowska, A., Maciejewski, M., & Wach, K. (2019a). How entrepreneurial orientation stimulates different types of knowledge in the internationalisation process of firms from Poland?. Entrepreneurial Business and Economics Review, 7(1), 61–73. https://doi.org/10.15678/EBER.2019.070104

Głodowska, A., Maciejewski, M., & Wach, K. (2019b). The impact of entrepreneurial orientation on the use of knowledge in the process of internationalisation based on the example of companies from Poland. Prace Komisji Geografii Przemysłu Polskiego Towarzystwa Geograficznego – Studies of the Industrial Geography Commission of the Polish Geographical Society, 33(1), 18–35. https://doi.org/10.24917/20801653.331.2

Golovko, E., & Valentini, G. (2011). Exploring the complementarity between innovation and export for SMEs growth. Journal of International Business Studies, 42(3), 362–380. https://doi.org/10.1057/jibs.2011.2

Gomes, G., Seman, L. O., Berndt, A. C., & Bogoni, N. (2022). The role of entrepreneurial orientation, organizational learning capability and service innovation in organizational performance. Revista de Gestão, 29(1), 39–54. https://doi.org/10.1108/REGE-11-2020-0103

Haans, R. F. J., Pieters, C., & He, Z.-L. (2016). Thinking about U: Theorizing and testing U‐ and inverted U‐shaped relationships in strategy research. Strategic Management Journal, 37(7), 1177–1195. https://doi.org/10.1002/smj.2399

Hernández-Perlines, F., Cisneros, M. A. I., Ribeiro-Soriano, D., & Mogorrón-Guerrero, H. (2020). Innovativeness as a determinant of entrepreneurial orientation: analysis of the hotel sector. Economic Research-Ekonomska Istraživanja, 33(1), 2305–2321. https://doi.org/10.1080/1331677X.2019.1696696

Hughes, M., & Morgan, R. E. (2007). Deconstructing the relationship between entrepreneurial orientation and business performance at the embryonic stage of firm growth. Industrial Marketing Management, 36, 651–661. https://doi.org/10.1016/j.indmarman.2006.04.003

Ireland, R. D., & Webb, J. W. (2007). Strategic entrepreneurship: Creating competitive advantage through streams of innovation. Business Horizons, 50(1), 49–59. https://doi.org/10.1016/j.bushor.2006.06.002

Jin, B., Jung, S., & Jeong, S. W. (2018). Dimensional effects of Korean SME’s entrepreneurial orientation on internationalization and performance: the mediating role of marketing capability. International Entrepreneurship and Management Journal, 14(1), 195–215. https://doi.org/10.1007/s11365-017-0457-4

Karami, M., & Tang, J. (2019). Entrepreneurial orientation and SME international performance: The mediating role of networking capability and experiential learning. International Small Business Journal, 37(2), 105–124. https://doi.org/10.1177/0266242618807275

Kaszowska-Mojsa, J. (2020). Innovation strategies of manufacturing companies during expansions and slowdowns. Entrepreneurial Business and Economics Review, 8(4), 47–66. https://doi.org/10.15678/EBER.2020.080403

Kirca, A. H., Roth, K., Hult, G. T. M., & Cavusgil, S. T. (2012). The role of context in the multinationality‐performance relationship: A meta‐analytic review. Global Strategy Journal, 2(2), 108–121. https://doi.org/10.1002/gsj.1032

Knight, G. A. (1997). Cross-cultural reliability and validity of a scale to measure firm entrepreneurial. Journal of Business Venturing, 12(3), 213–225. https://doi.org/10.1016/S0883-9026(96)00065-1

Knight, G. A. (2001). Entrepreneurship and strategy in the international SME. Journal of International Management, 7, 155–171. https://doi.org/10.1016/S1075-4253(01)00042-4

Korpysa, J. (2019). Entrepreneurial orientation of startups: Research results. International Entrepreneurship Review, 5(2), 37–51. https://doi.org/10.15678/IER.2019.0502.03

Kreiser, P., Marino, L., Kuratko, D., & Weaver, K. (2013). Disaggregating entrepreneurial orientation: the non-linear impact of innovativeness, proactiveness and risk-taking on SME performance. Small Business Economics, 40(2), 273–291. https://doi.org/10.1007/s11187-012-9460-x

Kropp, F., Lindsay, N. J., & Shoham, A. (2008). Entrepreneurial orientation and international entrepreneurial business venture startup. International Journal of Entrepreneurial Behavior & Research, 14(2), 102–117. https://doi.org/10.1108/13552550810863080

Kusa, R. (2020). Linking relational capabilities and entrepreneurial orientation of an organization. International Entrepreneurship Review, 6(3), 49–60. https://doi.org/10.15678/IER.2020.0603.04

Kyläheiko, K., Jantunen, A., Puumalainen, K., Saarenketo, S., & Tuppura, A. (2011). Innovation and internationalization as growth strategies: The role of technological capabilities and appropriability. International Business Review, 20(5), 508–520. https://doi.org/10.1016/j.ibusrev.2010.09.004

Lewandowska, M. S., Szymura-Tyc, M., & Gołębiowski, T. (2016). Innovation complementarity, cooperation partners, and new product export: Evidence from Poland. Journal of Business Research, 69(9), 3673–3681. https://doi.org/10.1016/j.jbusres.2016.03.028

Li, L., Qian, G., & Qian, Z. (2012). Early internationalization and performance of small high-tech born-globals. International Marketing Review, 29(5), 536–561. https://doi.org/10.1108/02651331211260377

Lisboa, A., Skarmeas, D., & Lages, C. (2011). Innovative capabilities: Their drivers and effects on current and future performance. Journal of Business Research, 64(11), 1157–1161. https://doi.org/10.1016/j.jbusres.2011.06.015

Liu, H., Ding, X.-H., Guo, H., & Luo, J.-H. (2014). How does slack affect product innovation in high-tech Chinese firms: The contingent value of entrepreneurial orientation. Asia Pacific Journal of Management, 31(1), 47–68. https://doi.org/10.1007/s10490-012-9309-5

Liu, Y., Ying, Y., & Wu, X. (2016). Catch‐up through collaborative innovation: Evidence from China. Thunderbird International Business Review, 59(4). https://doi.org/10.1002/tie.21886

Lumpkin, G. T., & Dess, G. G. (1996). Clarifying the entrepreneurial orientation construct and linking it to performance. The Academy of Management Review, 21(1), 135–172. https://doi.org/10.2307/258632

Maciejewski, M., & Wach, K. (2019). International startups from Poland: Born global or born regional?. Journal of Management and Business Administration Central Europe, 27(1), 60–83. https://doi.org/10.7206/jmba.ce.2450-7814.247

Madhoushi, M., Sadati, A., Delavari, H., Mehdivand, M., & Mihandost, R. (2011). Entrepreneurial orientation and innovation performance: The mediating role of knowledge management. Asian Journal of Business Management, 3(4), 310–316.

Matysiak, L., & Bausch, A. (2012). Antecedents of MNE performance: Blinded by the obvious in 35 years of literature. Multinational Business Review, 20(2), 178–211. https://doi.org/10.1108/15253831211238230

McDougall, P. P., & Oviatt, B. M. (2000). International entrepreneurship: The intersection of two research paths. The Academy of Management Journal, 43(5), 902–906. https://doi.org/10.5465/1556418

McDougall, P. P., & Oviatt, B. M. (2005). Defining international entrepreneurship and modeling the speed of internationalization. Entrepreneurship Theory and Practice, 29(5), 537–554. https://doi.org/10.1111/j.1540-6520.2005.00097.x

Méndez, U., Morales-Rodríguez, D., & Flecha, J. (2019). Entrepreneurial orientation and innovation as determinants in the internalization of SMEs in Puerto Rico. Revista Pymes, Innovación y Desarrollo, 7(3), 23–36.

Miller, D. (1983). The correlates of entrepreneurship in three types of firms. Management Science, 29(7), 770–791. https://doi.org/10.1287/mnsc.29.7.770

Mintzberg, H. (1973). The nature of managerial work. Harper & Row.

OECD. (2018). Oslo Manual 2018: Guidelines for collecting, reporting and using data on innovation, 4th edition, the measurement of scientific, technological and innovation activities. OECD Publishing – Eurostat.

Onwe, C., Ogbo, A., & Ameh, A. A. (2020). Entrepreneurial orientation and small firm performance: The moderating role of environmental hostility. Entrepreneurial Business and Economics Review, 8(4), 67–84. https://doi.org/10.15678/EBER.2020.080404

Oura, M. M., Zilber, S. N., & Lopes, E. L. (2016). Innovation capacity, international experience and export performance of SMEs in Brazil. International Business Review, 25(4), 921–932. https://doi.org/10.1016/j.ibusrev.2015.12.002

Park, B. I., & Xiao, S. (2016).When do local firms benefit from inward foreign direct investment? a longitudinal study of China’s manufacturing sector covering 1998–2007. Thunderbird International Business Review, 58(4), 333–341. https://doi.org/10.1002/tie.21749

Pawęta, E. (2016). The effectual approach in born global firms: Current state of research. Entrepreneurial Business and Economics Review, 4(2), 105–115. https://doi.org/10.15678/EBER.2016.040209

Pinkwart, A., & Proksch, D. (2014). The internationalization behavior of German high-tech start-ups: An empirical analysis of key resources. Thunderbird International Business Review, 56(1), 43–53. https://doi.org/10.1002/tie.21595

Pla-Barber, J., & Alegre, J. (2007). Analysing the link between export intensity, innovation and firm size in a science-based industry. International Business Review, 16(3), 275–293. https://doi.org/10.1016/j.ibusrev.2007.02.005

Pouresmaeili, H., Imm, N. S., Murali, M., Yusof, R., & Nerina, R. (2018). Degree of internationalization and performance: Mediating role of innovation and moderating role of knowledge management system. International Journal of Economics and Management, 12(1), 53–82.

Rahman, A., & Kee, D. (2017). Analyzing entrepreneurial orientation impact on start-up success with support service as moderator: A PLS-SEM approach. Business and Economic Horizons, 13(2), 128–141. https://doi.org/10.15208/beh.2017.10

Ramadani, V., & Gerguri. S. (2011). Theoretical framework of innovation and competitiveness and innovation program in Macedonia. European Journal of Social Sciences, 23(2), 268–276.

Raats, R., & Krakauer, P. (2020). International entrepreneurial orientation: Exploring the Brazilian context. Entrepreneurial Business and Economics Review, 8(1), 51–69. https://doi.org/10.15678/EBER.2020.080103

Ribau, C. P., Moreira, A. C., & Raposo, M. (2017). SMEs innovation capabilities and export performance: An entrepreneurial orientation view. Journal of Business Economics and Management, 18(5), 920–934. https://doi.org/10.3846/16111699.2017.1352534

Ripollés-Meliá, M., Menguzzato-Boulard, M., & Sánchez-Peinado, L. (2007). Entrepreneurial orientation and international commitment. Journal of International Entrepreneurship, 5, 65–83. https://doi.org/10.1007/s10843-007-0016-0

Rosenbusch, N., Brinckmann, J., & Bausch, A. (2011). Is innovation always beneficial? A meta-analysis of the relationship between innovation and performance in SMEs. Journal of Business Venturing, 26, 441–457. https://doi.org/10.1016/j.jbusvent.2009.12.002

Rubalcaba, L., Gago, D., & Gallego, J. (2010). On the differences between goods and services innovation. Journal of Innovation Economics & Management, 1(5), 17–40. https://doi.org/10.3917/jie.005.0017

Ruigrok, W., & Wagner, H. (2004). Internationalisation and firm performance: Meta-analytic review and future research directions (Working Paper). University of St. Gallen.

Ruzzier, M., Hojnik, J., & Lipnik, A. (2014). Is innovation really a determinant of internationalisation? The case of Slovenian internationalized. International Journal of Sustainable Economy, 6(3), 275–287. https://doi.org/10.1504/IJSE.2014.063180

Sapienza, H. J., De Clercq, D., & Sandberg, W. R. (2005). Antecedents of international and domestic learning effort. Journal of Business Venturing, 20(4), 437–457. https://doi.org/10.1016/j.jbusvent.2004.03.001

Schumpeter, J. A. (1934). The theory of economic development. Harvard Economic Studies.

Sekliuckiene, J., Jarosiński, M., & Kozma, M. (2019). Entrepreneurial level factors of early internationalization: A cross country comparison. Engineering Economics, 30(2), 223–235. https://doi.org/10.5755/j01.ee.30.2.21185

Sell, F. L. (2020). Static and dynamic price effects motivated by innovation and imitation: Novel insights using the Barone’s curve. Contemporary Economics, 14(1), 73–90. https://doi.org/10.5709/ce.1897-9254.333

Semrau, T., Ambos, T., & Kraus, S. (2016). Entrepreneurial orientation and SME performance across societal cultures: An international study. Journal of Business Research, 69(5), 1928–1932. https://doi.org/10.1016/j.jbusres.2015.10.082

Sieja, M., & Wach, K. (2019). The use of evolutionary algorithms for optimization in the modern entrepreneurial economy: Interdisciplinary perspective. Entrepreneurial Business and Economics Review, 7(4), 117–130. https://doi.org/10.15678/EBER.2019.070407

Stelmaszczyk, M. (2020). How absorptive capacity and organisational learning orientation interact to enable innovation capability? An empirical examination. Entrepreneurial Business and Economics Review, 8(1), 7–32. https://doi.org/10.15678/EBER.2020.080101

Sułkowski, Ł., & Patora-Wysocka, Z. (2020). International entrepreneurship of universities: Process-oriented and capabilities perspectives. Entrepreneurial Business and Economics Review, 8(3), 175–188. https://doi.org/10.15678/EBER.2020.080310

Swoboda, B., & Olejnik, E. (2016). Linking processes and dynamic capabilities of international SMEs: The mediating effect of international entrepreneurial orientation. Journal of Small Business Management, 54(1), 139–161. https://doi.org/10.1111/jsbm.12135

Tajpour, M., Hosseini, E., & Salamzadeh, A. (2020). The effect of innovation components on organisational performance: case of the governorate of Golestan Province. International Journal of Public Sector Performance Management, 6(6), 817–830. https://doi.org/10.1504/IJPSPM.2020.110987

Tolstoy, D. (2018). The proactive initiation of SMEs’ foreign business relationships. European Management Review, 15(1), 1–15. https://doi.org/10.1111/emre.12303

Virglerova, Z., Kliestik, T., Rowland, Z., & Rozsa, Z. (2020). Barriers to internationalisations of SMEs in Visegrad Group countries. Transformations in Business & Economics, 19(3), 58–73.

Wach, K. (2016). Innovative behaviour of high-tech internationalized firms: Survey results from Poland. Entrepreneurial Business and Economics Review, 4(3), 153–165. https://doi.org/10.15678/EBER.2016.040311

Wach, K. (2019). Innovation and internationalisation of high-tech firms. In N. Daszkiewicz (Ed.), The internationalization of high-tech firms: Patterns, innovation and research and development (pp. 65–97). Cambridge Scholars Publishing.

Wach, K., & Głodowska, A. (2021). How do demographics and basic traits of an entrepreneur impact the internationalization of firms?. Oeconomia Copernicana, 12(2), 399–424. https://doi.org/10.24136/oc.2021.014

Wach, K., Głodowska, A., & Maciejewski, M. (2022). Entrepreneurial orientation and opportunities recognition on foreign markets: Empirical evidence from Central Europe. European Journal of International Management.

Wach, K., Głodowska, A., & Maciejewski, M. (2018). Entrepreneurial orientation, knowledge utilization and internationalization of firms. Sustainability, 10(12), 1–23. https://doi.org/10.3390/su10124711

Wiklund, J., & Shepherd, D. (2005). Entrepreneurial orientation and small business performance: A configurational approach. Journal of Business Venturing, 20, 71–91. https://doi.org/10.1016/j.jbusvent.2004.01.001

Wiklund, J., & Shepherd, D. (2003). Knowledge-based resources, entrepreneurial orientation, and the performance of small and medium sized businesses. Strategic Management Journal, 24(13), 1307–1314. https://doi.org/10.1002/smj.360

Wu, W.-Y., Chang, M.-L., & Chen, C.-W. (2008). Promoting innovation through the accumulation of intellectual capital, social capital, and entrepreneurial orientation. R&D Management, 38(3), 265–277. https://doi.org/10.1111/j.1467-9310.2008.00512.x

Yiu, D. W., Lau, C., & Bruton, G. D. (2007). International venturing by emerging economy firms: The effects of firm capabilities, home country networks, and corporate entrepreneurship. Journal of International Business Studies, 38(4), 519–540. https://doi.org/10.1057/palgrave.jibs.8400278

Yu, J., Gilbert, B. A., & Oviatt, B. M. (2011). Effects of alliances, time, and network cohesion on the initiation of foreign sales by new ventures. Strategic Management Journal, 32(4), 424–446. https://doi.org/10.1002/smj.884

Zahra, S. A., Ucbasaran, D., & Newey, L. R. (2009). Social knowledge and SMEs innovative gains from internationalization. European Management Review, 6(2), 81–93. https://doi.org/10.1057/emr.2009.6

Zahra, S. A., & Covin, J. G. (1995). Contextual influences on the corporate entrepreneurship-performance relationship: A longitudinal analysis. Journal of Business Venturing, 10(1), 43–58. https://doi.org/10.1016/0883-9026(94)00004-E

Zahra, S. A., & Garvis, D. (2000). International corporate entrepreneurship and firm performance: the moderating effect of international environmental hostility. Journal of Business Venturing, 15(5–6), 469–492. https://doi.org/10.1016/S0883-9026(99)00036-1

Zahra, S. A., & George, G. (2002). Absorptive capacity: A review, reconceptualization, and extension. Academy of Management Review, 27(2), 185–203. https://doi.org/10.2307/4134351

Zbierowski, P. (2019). Positive deviance as a mediator in the relationship between high performance indicators and entrepreneurial orientation. Entrepreneurial Business and Economics Review, 7(2). https://doi.org/10.15678/EBER.2019.070212

Zellweger, T., & Sieger, P. (2012). Entrepreneurial orientation in long-lived family firms. Small Business Economics, 38(1), 67–84. https://doi.org/10.1007/s11187-010-9267-6

Zhai, Y.-M., Sun, W.-Q., Tsai, S.-B., Wang, Z., Zhao, Y., & Chen, Q. (2018). An empirical study on entrepreneurial orientation, absorptive capacity, and SMEs’ innovation performance: A sustainable perspective. Sustainability, 10, 314. https://doi.org/10.3390/su10020314

Zheng, Y., & Yang, H. (2014). Does familiarity foster innovation? The impact of alliance partner repeatedness on breakthrough innovations. Journal of Management Studies, 52(2). https://doi.org/10.1111/joms.12112

Zonta, T. C., & Amal, M. (2018). Internationalization and innovation: The case of a born global from Brazil. Internext, 13(1), 63–74. https://doi.org/10.18568/1980-4865.13163-76