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Speed of internationalization and entrepreneurial cognition: Insights and a comparison between international new ventures, exporters and domestic firms

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  • Acedo, Francisco J.
  • Jones, Marian V.
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    Abstract

    This paper examines four aspects of managerial cognition among firms, as differentiated by speed of market entry. Aspects are: risk perception, proactivity, tolerance for ambiguity and international orientation. Internationalization speed is indicated by rapidity of first market entry resulting in three groups of firms: international new ventures, traditional exporters and domestic firms. For all groups, proactivity is the basic premise for risk perception, which in turn is the key variable in relation to internationalization speed. Risk perception is the element that may prevent a firm from internationalizing at all, in a timely manner, or fast enough to capture available opportunities.

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    Bibliographic Info

    Article provided by Elsevier in its journal Journal of World Business.

    Volume (Year): 42 (2007)
    Issue (Month): 3 (September)
    Pages: 236-252

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    Handle: RePEc:eee:worbus:v:42:y:2007:i:3:p:236-252

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    References

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    Cited by:
    1. Wim Naudé & Stephanié Rossouw, 2010. "Early international entrepreneurship in China: Extent and determinants," Journal of International Entrepreneurship, Springer, vol. 8(1), pages 87-111, March.
    2. Huan Zou & Xiaohui Liu & Pervez Ghauri, 2010. "Technology Capability And The Internationalization Strategies Of New Ventures," Organizations and Markets in Emerging Economies, Faculty of Economics, Vilnius University, vol. 1(1).
    3. Bernhard Swoboda & Edith Olejnik, 2013. "A taxonomy of small- and medium-sized international family firms," Journal of International Entrepreneurship, Springer, vol. 11(2), pages 130-157, June.
    4. Jones, Marian V. & Coviello, Nicole & Tang, Yee Kwan, 2011. "International Entrepreneurship research (1989–2009): A domain ontology and thematic analysis," Journal of Business Venturing, Elsevier, vol. 26(6), pages 632-659.
    5. Naude, Wim, 2009. ".Rushing in where Angels Fear to Tread?.: The Early Internationalization of Indigenous Chinese Firms," Working Paper Series UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
    6. Vincenza Odorici & Manuela Presutti, 2013. "The entrepreneurial experience and strategic orientation of high-tech born global start-ups: An analysis of novice and habitual entrepreneurs," Journal of International Entrepreneurship, Springer, vol. 11(3), pages 268-291, September.
    7. Suh, Yongyoon & Kim, Moon-Soo, 2014. "Internationally leading SMEs vs. internationalized SMEs: Evidence of success factors from South Korea," International Business Review, Elsevier, vol. 23(1), pages 115-129.
    8. Hewerdine, Lisa & Welch, Catherine, 2013. "Are international new ventures really new? A process study of organizational emergence and internationalization," Journal of World Business, Elsevier, vol. 48(4), pages 466-477.
    9. Zhou, Lianxi & Wu, Aiqi, 2014. "Earliness of internationalization and performance outcomes: Exploring the moderating effects of venture age and international commitment," Journal of World Business, Elsevier, vol. 49(1), pages 132-142.
    10. Philip Shapira & Jan Youtie & Luciano Kay, 2011. "National innovation systems and the globalization of nanotechnology innovation," The Journal of Technology Transfer, Springer, vol. 36(6), pages 587-604, December.
    11. Schweizer, Roger, 2012. "The internationalization process of SMEs: A muddling-through process," Journal of Business Research, Elsevier, vol. 65(6), pages 745-751.
    12. Jerzy Cieślik & Eugene Kaciak & Dianne Welsh, 2012. "The impact of geographic diversification on export performance of small and medium-sized enterprises (SMEs)," Journal of International Entrepreneurship, Springer, vol. 10(1), pages 70-93, March.

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