Journal of International Entrepreneurship

, Volume 13, Issue 1, pp 28–48 | Cite as

Dynamic capabilities and performance in foreign markets: Developments within international new ventures

  • Tobias Pehrsson
  • Navid Ghannad
  • Anders PehrssonEmail author
  • Tobias Abt
  • Siyuan Chen
  • Fabian Erath
  • Tobias Hammarstig


Studies on the relationship between level of internationalization and performance of new ventures show conflicting results indicating a need for more in-depth understanding of the mechanisms underlying the relationship. This study draws on dynamic capability theory and extends the understanding of the issue. The study contributes to international entrepreneurship literature by developing a proposed model built on analyses of event histories of US operations of three Swedish international new ventures. The events take place during more than 20 years. It is proposed that the number of organizationally stable periods of the foreign unit strengthens the positive relationship between product/market knowledge transferred to the unit and its dynamic capabilities, and knowledge acquired locally by the unit and its dynamic capabilities. Also, it is proposed that dynamic capabilities aligned with the transferred and local knowledge are associated with high financial performance. Contributions to literature on international entrepreneurship are discussed.


International new venture Dynamic capabilities Performance Knowledge transfer Knowledge acquisition Event histories 


Studien über den Zusammenhang zwischen dem Niveau der Internationalisierung und der Leistung der neuen Unternehmen zeigen widersprüchliche Ergebnisse, die einen Bedarf an mehr in ein tiefes Verständnis der Mechanismen, die Beziehung zugrunde liegt. Diese Studie stützt sich auf dynamische Fähigkeit Theorie und erweitert das Verständnis des Problems. Die Studie trägt dazu bei, International Entrepreneurship-Literatur durch die Entwicklung einer vorgeschlagenen Modell auf der Analyse von Ereignisentwicklungen der US-Operationen von drei schwedischen International neue Unternehmen gebaut. Die Ereignisse während mehr als zwanzig Jahren statt. Es wird vorgeschlagen, dass die Zahl der organisatorisch stabiles Perioden der ausländischen Einheit stärkt die positive Beziehung zwischen Produkt / Marktkenntnisse, um die Einheit und ihre dynamischen Fähigkeiten übertragen, und das Wissen vor Ort von dem Gerät und seinen dynamischen Fähigkeiten erworben. Es wird auch vorgeschlagen, dass dynamische Fähigkeiten mit der übertragenen und lokales Wissen ausgerichtet sind mit hohen finanziellen Leistungsfähigkeit verbunden. Beiträge zur Literatur über internationale Unternehmertum werden diskutiert.



The authors are grateful for constructive comments received from the Editor of Journal of International Entrepreneurship and two anonymous reviewers.


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Copyright information

© Springer Science+Business Media New York 2015

Authors and Affiliations

  • Tobias Pehrsson
    • 1
  • Navid Ghannad
    • 1
  • Anders Pehrsson
    • 2
    Email author
  • Tobias Abt
    • 1
  • Siyuan Chen
    • 1
  • Fabian Erath
    • 1
  • Tobias Hammarstig
    • 1
  1. 1.School of Business and EngineeringHalmstad UniversityHalmstadSweden
  2. 2.School of Business and EconomicsLinnaeus UniversityVäxjöSweden

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