International and market-specific social capital effects on international opportunity exploitation in the internationalization process
研究区分了国际社会资本和市场特定社会资本,发现后者中介前者对国际机会开发的影响,基于239家中小企业的数据验证了社会资本在国际化过程中的作用路径。
We develop theory stating that international and market-specific social capital are two distinct forms of social capital which both increase international opportunity exploitation. We also argue that market-specific social capital mediates international social capital. Our theoretical developments are based on internationalization process theory and social network theory. Using data on 239 internationalizing SMEs, our results confirm that the effect of international social capital on opportunity exploitation is only mediated via market-specific social capital. Hence, we identify an internationalization process for social capital development in international business opportunity exploitation. Our contribution adds in several ways to existing international business research.