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A Comparison of International and Domestic New Ventures

Published on Mar 1, 2003in Journal of International Entrepreneurship
· DOI :10.1023/A:1023246622972
Patricia P. McDougall33
Estimated H-index: 33
(IU: Indiana University Bloomington),
Benjamin M. Oviatt18
Estimated H-index: 18
(GSU: Georgia State University),
Rodney C. Shrader10
Estimated H-index: 10
(UIUC: University of Illinois at Urbana–Champaign)
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Abstract
Differences between international new ventures (INVs) and domestic new ventures (DNVs) were examined using a sample of 214 IPO new ventures (ventures 6 years old or less). INVs were found to be significantly different on the basis of their entrepreneurial team experience, strategy, and industry structure. Specifically, the entrepreneurial team of INVs exhibited higher levels of previous international and industry experience. The strategies of INVs were more aggressive, and they operated in more channels of distribution than did DNVs. INVs competed on the basis of differentiation, placing greater emphasis on product innovation, quality, service, and marketing as strategic weapons. In addition, INVs were more likely than DNVs to operate in industries characterized by a high degree of global integration.
  • References (43)
  • Citations (363)
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References43
Newest
Published on Sep 1, 2003in Strategic Management Journal5.57
Mason A. Carpenter22
Estimated H-index: 22
(UW: University of Wisconsin-Madison),
Timothy G. Pollock27
Estimated H-index: 27
(UMD: University of Maryland, College Park),
Myleen M. Leary5
Estimated H-index: 5
(California Polytechnic State University)
Research on the governance of risky ventures, like the initial public offerings (IPOs) of high-technology firms, has focused primarily on the relationship between governance mechanisms and firm performance. While such an emphasis is clearly important, it does little to shed light on potential relationships between governance and the strategies pursued by risky firms, nor does it take into account the complementary role of key stakeholders in affecting those strategies. To partially remedy this d...
Published on Mar 1, 2002in Journal of Business Venturing6.33
Walter Kuemmerle6
Estimated H-index: 6
(Harvard University)
Several propositions are offered on the evolution of international ventures and their knowledge management. The empirical study consists of detailed analysis of six case studies published by the Harvard Business School on international ventures in the media, communication, and service industries. The analysis of entrepreneurial training prior to starting a venture suggests that they have had considerable previous international exposure. The analysis takes into consideration the following categor...
Published on Feb 1, 2001in Academy of Management Journal7.19
Rodney C. Shrader10
Estimated H-index: 10
(UIC: University of Illinois at Chicago)
This study employed transaction cost theory to explore factors moderating the relationship between collaboration and performance in foreign markets among a sample of international new ventures. Results indicated that RD however they were not significantly related to the use or nonuse of collaboration. Besides enhancing understanding of international new ventures, these results provide advances in understanding the relationship between collaboration and firm performance that may also motivate fut...
Published on Dec 1, 2000in Academy of Management Journal7.19
Rodney C. Shrader10
Estimated H-index: 10
(UIC: University of Illinois at Chicago),
Benjamin M. Oviatt18
Estimated H-index: 18
(GSU: Georgia State University),
Patricia P. McDougall33
Estimated H-index: 33
(IU: Indiana University)
The Organisation for Economic Co-operation and Development predicts that the internationalization of businesses will accelerate in the 21st century. Our study examined how the risks of accelerated internationalization may be managed in 212 foreign market entries by 87 new ventures based in the United States. Findings suggested that ventures managed strategic international risks by exploiting simultaneous trade-offs among foreign revenue exposure, country risk, and entry mode commitment in each c...
Published on Oct 1, 2000in Academy of Management Journal7.19
Patricia Phit.T.Ips McDOUGALL1
Estimated H-index: 1
(IU: Indiana University),
Benjamin M. Oviatt18
Estimated H-index: 18
(GSU: Georgia State University)
Reflecting the internationalization of the marketplace and the increasing prominence of entrepreneurial firms in the global economy, the research paths of international business and entrepreneurshi...
Published on Oct 1, 2000in Academy of Management Journal7.19
Shaker A. Zahra84
Estimated H-index: 84
(GSU: Georgia State University),
R. Duane Ireland60
Estimated H-index: 60
(UR: University of Richmond),
Michael A. Hitt95
Estimated H-index: 95
(ASU: Arizona State University)
An increasing number of new venture firms are internationalizing their business operations early in their life cycles. Previous explanations of this trend have focused on the importance of technological knowledge, skills, and resources for new ventures' international expansion. However, little is known about how these firms use the technological learning gained through internationalization. This study examined the effects of international expansion, as measured by international diversity and mod...
Published on Jun 1, 2000in Journal of International Marketing3.38
Oliver Bürgel5
Estimated H-index: 5
(LBS: London Business School),
Gordon Murray19
Estimated H-index: 19
(LBS: London Business School)
Abstract For a young, resource-constrained, technology-based start-up embarking on international sales, the choice of entry mode is a strategic decision of major importance. Yet within the emerging research stream of international entrepreneurship, curiously little attention has been devoted to the empirical analysis of foreign market entry forms. The authors address this important issue by analyzing the determinants of 398 export decisions taken from a U.K. survey of 246 technology-based start-...
Svante Andersson19
Estimated H-index: 19
There are 2 dominant views in international business research: the economic and the process view. In this study it is shown that these views give some insight into the complex phenomenon of the int ...
Published on Jan 1, 1999
Leo Paul Dana26
Estimated H-index: 26
,
Hamid Etemad18
Estimated H-index: 18
,
Richard W. Wright16
Estimated H-index: 16
Cited By363
Newest
Published on Jan 1, 2020in Journal of World Business5.79
Sarah Park (UKC: University of Kent), Joseph A. LiPuma5
Estimated H-index: 5
(BU: Boston University)
Abstract This study examines how different types of venture capital relate to new venture internationalization. Using a sample of 646 U.S. new ventures that executed IPOs between 1995 and 2010, we find that ventures with foreign or corporate venture capital have higher levels of international intensity. We also investigate the moderating role of VC reputation on the relationship between foreign venture capital and international intensity and corporate venture capital and international intensity....
Published on Jan 1, 2020
Family firms (FFs) comprise a dominant firm population and economic force globally. It is a distinctive firm type owed to the involvement of family members in both ownership and management. Economic and noneconomic (socioemotional wealth—SEW) goals are often intertwined. This affects strategic decision-making. Internationalisation, as a highly strategic decision and a process involving potential risks and rewards, is often approached differently than in non-FFs. In a world where networks and net...
Published on Sep 1, 2019in Asia Pacific Journal of Management2.74
Farhad Uddin Ahmed (DCU: Dublin City University), Louis Brennan17
Estimated H-index: 17
(Trinity College, Dublin)
This study addresses the impact of the principal founder’s general and specific human capital factors on the extent of the internationalisation of early internationalising firms originating from a relatively low-tech and labour-intensive industry in a least-developed country. We engage in quantitative analysis using data drawn from the Bangladeshi apparel industry. Our results reveal direct and indirect effects of specific human capital factors on the extent of a firm’s early internationalisatio...
Published on May 13, 2019in Chinese Management Studies0.94
Muhammad Amin (UIBE: Beijing Institute of Foreign Trade), Jianfeng Wu1
Estimated H-index: 1
(UIBE: Beijing Institute of Foreign Trade),
Rungting Tu (SZU: Shenzhen University)
Purpose The purpose of this paper is to integrate the upper echelon theory with signaling theory and examine the impact of top management team (TMT) on the initial public offering (IPO) performance of Chinese firms in the USA. Design/methodology/approach This study used Security Data Corporation (SDC) that is a central database for foreign IPOs in the USA. The authors identified 142 Chinese firms that issued stocks on the US markets between 2003 and 2014. This study used firm’s final prospectuse...
Published on May 1, 2019in Journal of Innovation & Knowledge
Albertina Paula Monteiro2
Estimated H-index: 2
,
Ana Maria Soares10
Estimated H-index: 10
,
Orlando Lima Rua2
Estimated H-index: 2
Abstract This study investigates the effect of intangible resources and entrepreneurial orientation in export performance, by examining the mediating effect of dynamic capabilities. A framework of export antecedents is developed and empirically tested. A survey of 265 Portuguese exporting companies shows that dynamic capabilities and entrepreneurial orientation directly impact export performance while financial, informational and relational resources have an indirect impact in export performance...
Published on Apr 10, 2019in Baltic Journal of Management1.47
Aleksandra Wasowska1
Estimated H-index: 1
(University of Warsaw)
Purpose The purpose of this paper is to investigate the social-cognitive antecedents of an entrepreneur’s internationalization intent and a firm’s behavior. Building on the insights of social-cognitive psychology, the author develops a conceptual model linking an entrepreneur’s positive orientation, self-efficacy beliefs, internationalization intent and actual behavior of the firm. Design/methodology/approach The author tests this model with a sample of 310 Polish firms (including 241 domestic a...
Published on Jan 1, 2018in Small Business Economics3.56
Shon M. Ferguson5
Estimated H-index: 5
,
Magnus Henrekson32
Estimated H-index: 32
(Research Institute of Industrial Economics)
+ 0 AuthorsLouise Johannesson
Policymakers in several countries have recently taken steps to promote the rapid export expansion of small- and medium-sized enterprises (SMEs). The goal of these policies has been to create successful export-intensive startups, which are often referred to as born globals. These measures are motivated by studies claiming that born global firms are disproportionately important for job creation and economic growth. Using detailed register data on the universe of Swedish manufacturing startups foun...
Orly Levy8
Estimated H-index: 8
,
Karsten Jonsen3
Estimated H-index: 3
+ 2 AuthorsAnne Laure Humbert7
Estimated H-index: 7
(Oxford Brookes University)
AbstractThis study suggests that it is critical for executives to develop transnational social capital (TSC), or professional relationships and ties that span national borders. We first provide a conceptual framework and careful operationalization of TSC that differentiates between bonding and bridging forms of social capital. We then examine the effect of three key determinants—opportunity, investment and ability—on the TSC of executives. Using detailed survey data on 227 executives, our analys...
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