The Role of Equity Investors in the Internationalization Strategies of Infant Technology-based Firms

The role of corporate governance issues in strategic decision-making and in building organizational capabilities is of considerable contemporary significance. According to Filatotchev (2006: 90), ‘Corporate governance is not an exogenous mechanism that only provides checks and controls over the efficiency with which companies are run and whether managers make decisions in the interest of shareholders. It is also closely related to the distribution of power and experience among executive and non-executive board members.’ In particular, the contribution of corporate governance to the process of internationalization decision-making and to performance is not explored sufficiently in the literature, and further dedicated research is required (Filatotchev, 2006; Carpenter et al., 2003).