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Early internationalization of new ventures from emerging countries: The case of transition economies

Author

Listed:
  • Olivier Lamotte
  • Ana Colovic

    (NEOMA - Neoma Business School)

Abstract

This article investigates the factors that influence early internationalization of new ventures in the context of emerging economies. More specifically, our research builds on the theoretical and empirical literature on International New Ventures (INV) to develop an original conceptual framework and formulate hypotheses concerning the environment, industry and firm-related factors that enhance or constrain rapid internationalization of new firms from emerging countries. We tested our hypotheses on a sample of more than 23000 firms from 27 transition countries in Central and Eastern Europe and Central Asia between 2002 and 2009. The empirical study shows that several factors are positively related to the probability that a firm will internationalize from inception: access to ICT infrastructure, being located in an EU country, industry competition, a better-educated workforce, networks in the home country and international networks. In contrast, early internationalization is negatively affected by insecurity and, more surprisingly, by a firm's knowledge intensity. These results contribute to a better understanding of the specificities of the internationalization of firms from emerging economies.

Suggested Citation

  • Olivier Lamotte & Ana Colovic, 2015. "Early internationalization of new ventures from emerging countries: The case of transition economies," Post-Print hal-01153359, HAL.
    • Handle: RePEc:hal:journl:hal-01153359
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    Citations

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    Cited by:

    1. Izabela Kowalik & Lidia Danik & Petr Král & Hana Řezanková, 2017. "Antecedents of Accelerated Internationalisation of Polish and Czech Small and Medium-Sized Enterprises," Entrepreneurial Business and Economics Review, Centre for Strategic and International Entrepreneurship at the Cracow University of Economics., vol. 5(3), pages 31-48.
    2. Ciszewska-Mlinarič, Mariola & Wójcik, Piotr & Obłój, Krzysztof, 2020. "Learning dynamics of rapidly internationalizing venture: Beyond the early stage of international growth in a CEE context," Journal of Business Research, Elsevier, vol. 108(C), pages 450-465.
    3. Božidar Vlačić & Inês G. Almeida Santos & Susana C. Silva & Miguel González-Loureiro, 2022. "Entrepreneurial cognition and internationalization speed: towards a potential moderating effect of experiential and rational information processing," International Entrepreneurship and Management Journal, Springer, vol. 18(2), pages 603-636, June.
    4. Dzikowski, Piotr, 2018. "A bibliometric analysis of born global firms," Journal of Business Research, Elsevier, vol. 85(C), pages 281-294.
    5. Ipsmiller, Edith & Dikova, Desislava, 2021. "Internationalization from Central and Eastern Europe: A systematic literature review," Journal of International Management, Elsevier, vol. 27(4).
    6. Martínez-Zarzoso, Inmaculada & Johannsen, Florian, 2017. "Monetary uncertainty and trade in Eastern Europe and Central Asia: A firm-level analysis," International Business Review, Elsevier, vol. 26(3), pages 476-490.
    7. Lidia Danik & Izabela Kowalik & Petr Král, 2016. "A Comparative Analysis of Polish and Czech International New Ventures," Central European Business Review, Prague University of Economics and Business, vol. 2016(2), pages 57-73.
    8. Sanja Mitić & Branko Rakita, 2020. "The Role of Social and Business Networks in the Internationalization of Born Global Firms: Evidence from Serbia," Tržište/Market, Faculty of Economics and Business, University of Zagreb, vol. 32(1), pages 47-64.

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