Analyzing Internationalization, Technological Development and Sustainable Firm Growth

Firms use internationalization to access external resources to exploit technological knowledge or explore new market. However they face the paradox whether to build strong resources commitment to new foreign markets or continue resources allocations in other domains in existing markets. In this paper, we examine how newly listed firms overcome the paradox and initiate international activities and technology development in order to obtain valuable growth opportunities. Our findings reveal that firm growth is affected by early internationalization, and this relationship is moderated by the technology development.