3     Does the Firm’s Internationalization Influence Entrepreneurs’ Well-Being? No, the Firm’s Internationalization Influences Economic Outcomes

Introduction

The performance of internationalization has been a research stream studied and meta-analyzed several times (Bausch & Krist, 2007; Fernhaber, 2013; Marano, Arregle, Hitt, Spadafora, & van Essen, 2016; Schwens et al., 2018). In general, studies find a positive relationship between internationalization and performance. More specifically, research finds that components of internationalization – degree of internationalization and scope of internationalization – are positively associated with profitability and growth.

In this study, we aim to corroborate the positive influence of internationalization ...

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