Abstract

GONZALEZ-LOUREIRO, Miguel  and  PUIG, Francisco. Challenges in internationalization and survivalof new manufacturing enterprises. cuad.adm. [online]. 2015, vol.31, n.54, pp.7-15. ISSN 0120-4645.

The aim of this work was to analyzethe relationship between the international orientationand survival of recently created manufacturing companies. For this, a sample was studied of 2975 newenterprises constituted during the period from 2001 to 2010 in the textile and apparel industry in Spain. Methodologically, duration models have been employed through Cox regression analyses, which model the relative risk associatedwith a variable in function of the time elapsed until the event occurs. The main results evidencethat internationalizationof newenterprisesis a necessary condition, although not sufficient to survive within a globalized industry, like the textile-apparel industry. Newmanufacturing enterprises competing in high added value sectorshave a lower relative risk of mortality than companies competing in sectors of low added value. Due to this, along with that orientation toward foreign markets,it is necessary for these enterprisesto consider otherchallenges related to the fit in the dyad internationalizing modalityand activity subsector in which they wish to compete, defined in terms of added value. Future research must delve into the possible existenceof an optimal moment to internationalize in terms of organizational agebecause in newmanufacturing enterprisesthere seems to be a relationshipof exchange between early internationalizationand survivalin the short term. Nevertheless, if the new enterpriseremains too long as merely domestic, it runs the risk of getting stuck in said market and not taking advantage of purchase and/or sale opportunities in foreign markets

Keywords : newmanufacturing enterprises; internationalization; survival; subsector effect.

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