IDEAS home Printed from https://ideas.repec.org/a/gam/jecomi/v12y2024i9p252-d1480152.html
   My bibliography  Save this article

Investigating the Drivers of Firm Internationalisation: A Fuzzy Set Analysis Using Global Entrepreneurship Development Index Data

Author

Listed:
  • Takawira Munyaradzi Ndofirepi

    (Graduate School of Business Leadership, University of South Africa, Midrand 1636, South Africa)

Abstract

Firm internationalisation, a key driver of global economic growth, is influenced by various entrepreneurial resources. This study explores the relationships between human capital, risk capital, risk acceptance, opportunity perception, and firm internationalisation using cross-national data from the Global Entrepreneurship Development Index (GEDI). Employing fuzzy set qualitative comparative analysis (fsQCA), this study analyzes data from 137 countries. The findings highlight two primary configurations driving internationalisation: (1) risk acceptance and opportunity perception, and (2) risk capital and opportunity perception. Opportunity perception emerges as a critical factor in both configurations, while human capital is not found to be a necessary condition. These results contribute to a better understanding of the factors that foster firm internationalisation and inform policies aimed at promoting global entrepreneurial ecosystems.

Suggested Citation

  • Takawira Munyaradzi Ndofirepi, 2024. "Investigating the Drivers of Firm Internationalisation: A Fuzzy Set Analysis Using Global Entrepreneurship Development Index Data," Economies, MDPI, vol. 12(9), pages 1-14, September.
    • Handle: RePEc:gam:jecomi:v:12:y:2024:i:9:p:252-:d:1480152
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2227-7099/12/9/252/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2227-7099/12/9/252/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Jan-Erik Vahlne & Jan Johanson, 2017. "From internationalization to evolution: The Uppsala model at 40 years," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 48(9), pages 1087-1102, December.
    2. Peter W. Liesch & Lawrence S. Welch & Peter J. Buckley, 2011. "Risk and Uncertainty in Internationalisation and International Entrepreneurship Studies," Management International Review, Springer, vol. 51(6), pages 851-873, December.
    3. Ciravegna, L. & Kundu, S.K. & Kuivalainen, O. & Lopez, L.E., 2019. "The timing of internationalization – Drivers and outcomes," Journal of Business Research, Elsevier, vol. 105(C), pages 322-332.
    4. Pappas, Ilias O. & Woodside, Arch G., 2021. "Fuzzy-set Qualitative Comparative Analysis (fsQCA): Guidelines for research practice in Information Systems and marketing," International Journal of Information Management, Elsevier, vol. 58(C).
    5. Eini Haaja, 2020. "Why do some SMEs engage in joint internationalisation and others do not? Exploring the role of mental images in collective international opportunity recognition," Journal of International Entrepreneurship, Springer, vol. 18(1), pages 15-43, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Bai, Tao & Liesch, Peter, 2022. "Organizational goals and resource allocation to overseas foreign direct investment," Journal of World Business, Elsevier, vol. 57(3).
    2. Ilgaz Arikan & Asli M. Arikan & Oded Shenkar, 2022. "Revisiting emerging market multinational enterprise views: The Goldilocks story restated," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 53(4), pages 781-802, June.
    3. María Agustí & Olli Kuivalainen & Encarnación Ramos-Hidalgo & Francisco J. Acedo, 2023. "Maturing international new ventures: Short- and medium-term Insights," Journal of International Entrepreneurship, Springer, vol. 21(3), pages 329-353, September.
    4. Vissak, Tiia & Francioni, Barbara & Freeman, Susan, 2020. "Foreign market entries, exits and re-entries: The role of knowledge, network relationships and decision-making logic," International Business Review, Elsevier, vol. 29(1).
    5. Alexandra Kriz & Catherine Welch, 2018. "Innovation and internationalisation processes of firms with new-to-the-world technologies," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 49(4), pages 496-522, May.
    6. Bruno F. Abrantes, 2020. "Are Neoclassic Internationalization Models Enduring? A Case-Review of the Uppsala Paradigm," SAGE Open, , vol. 10(2), pages 21582440209, June.
    7. Adams, Kweku & Attah-Boakye, Rexford & Yu, Honglan & Chu, Irene & Ishaque, Maria, 2023. "Competence and enterprise of management as drivers of early foreign listing of medium-sized emerging market multinationals (EMNEs) from Africa," Journal of Business Research, Elsevier, vol. 158(C).
    8. Hamid Boustanifar & Edward J. Zajac & Flladina Zilja, 2022. "Taking chances? The effect of CEO risk propensity on firms’ risky internationalization decisions," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 53(2), pages 302-325, March.
    9. Niittymies, Aleksi & Pajunen, Kalle, 2020. "Cognitive foundations of firm internationalization: A systematic review and agenda for future research," International Business Review, Elsevier, vol. 29(4).
    10. Michael Neubert & Augustinus Stijn Krogt, 2020. "Decision-makers impact on the internationalization of high-technology firms in emerging markets," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 10(1), pages 1-17, December.
    11. Marcela Tuzová & Martina Toulová & Lea Kubíčková, 2017. "The Specifics of the Internationalization Process of Czech SMEs in the Food Industry," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 65(3), pages 1055-1064.
    12. Oleksiuk Adam & Pleśniak Agnieszka, 2022. "Environment Characteristics and Internationalization of SMEs: Insights from a Polish and Finnish Sample," Journal of Management and Business Administration. Central Europe, Sciendo, vol. 30(3), pages 175-194, September.
    13. Xue, Biao & Lin, Yan & Ren, Fangxiao & Li, Runfo, 2024. "Business environment ecosystem and manufacturing upgrading: A configurational approach," Economic Analysis and Policy, Elsevier, vol. 82(C), pages 1225-1237.
    14. Niittymies, Aleksi, 2020. "Heuristic decision-making in firm internationalization: The influence of context-specific experience," International Business Review, Elsevier, vol. 29(6).
    15. Pei Sun & Jonathan P. Doh & Tazeeb Rajwani & Donald Siegel, 2021. "Navigating cross-border institutional complexity: A review and assessment of multinational nonmarket strategy research," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 52(9), pages 1818-1853, December.
    16. Brewis, Claire & Dibb, Sally & Meadows, Maureen, 2023. "Leveraging big data for strategic marketing: A dynamic capabilities model for incumbent firms," Technological Forecasting and Social Change, Elsevier, vol. 190(C).
    17. Eduardo Terán-Yépez & David Jiménez-Castillo & Manuel Sánchez-Pérez, 2023. "The role of affect in international opportunity recognition and the formation of international opportunity beliefs," Review of Managerial Science, Springer, vol. 17(3), pages 941-983, April.
    18. Borozan, Dj, 2022. "Detecting a structure in the European energy transition policy instrument mix: What mix successfully drives the energy transition?," Renewable and Sustainable Energy Reviews, Elsevier, vol. 165(C).
    19. Henrique Correa da Cunha & Mohamed Amal & James Mark Viminitz, 2022. "Formal vs. Informal Institutional Distances and the Competitive Advantage of Foreign Subsidiaries in Latin America," Economies, MDPI, vol. 10(5), pages 1-25, May.
    20. Li, Wen Helena & Guo, Bin & De Sisto, Marco, 2021. "Untangling the commonalities and differences between domestic cross-regional experience and international experience in shaping speed of internationalization," Journal of International Management, Elsevier, vol. 27(2).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jecomi:v:12:y:2024:i:9:p:252-:d:1480152. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.