nvestigating behavioral explanations for early internationalization in international new ventures (INVs), we focus on the relationships between different forms of slack (i.e. absorbed, unabsorbed, and potential slack), internationalization speed, and firm performance. Using data from high-technology industries, the results showed that absorbed and unabsorbed slack generally had a positive effect on internationalization speed. Equally important, the results also suggested a positive early internationalization - performance relationship. Additionally, firm age positively moderated the relationship between available slack and internationalization speed, and it negatively moderated the relationship between recoverable slack and internationalization speed. Finally, recoverable slack and potential slack positively moderated the relationship between internationalization speed and firm performance.
The Journal of Global Business Management 8(2), pp.200-211