Firm Specific Advantage in Developed Markets Dynamic Capability Perspective

This study analyses the role played by dynamic capability and intangible assets of international new ventures from developed markets at the initial survival and growth stages of internationalization. Based on a survey of 100 ICT firms, we test our hypotheses using structural equation modelling. Empirical results show that, indeed, initial survival and growth following the survival are positively and significantly influenced by dynamic capability and firm specific intangible assets. Our results further demonstrate that specific intangible assets play a major role in the initial survival and in the growth following it.