International Investment Strategies Utilized by International New Ventures: The Role of Exogenous and Endogenous Uncertainty

This conceptual article brings forth the argument that combinations of endogenous and exogenous uncertainties affect the decisions that high-tech, international new ventures (INVs) make in relation to investment decisions in the international arena. Using real option theory, it holds that uncertainty not only poses risks but also opportunities for INVs. Four propositions are offered regarding international investments by high-tech INVs, which...