Objective: The objective of the article is to investigate the moderating role of internationalisation motives on the … internationalisation moderate the inverted U-shaped curve for return on equity, although they are different than expected. Implications … & Recommendations: The article addresses the gap of limited consideration for the stage of internationalisation of the firms under study …

, diversification and internationalisation. Originality value: The study applies theories associated with disruptive innovation and …, diversification, efficiency drives, and internationalisation. …

internationalisation activities. This equals to a share of 37 % in the total number of enterprises (44 % when also considering indirect … forms of internationalisation). Most widely spread are import- and export activities, followed by sales and service … contracts or toll manufacturing. Approx. 16% of all enterprises plan to expand their existing internationalisation activities …

economy, and then examines their empirical importance using recent evidence on the internationalisation patterns of Finnish …