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The internationalization of new ventures in an emerging economy: The shifting role of industry concentration

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Listed:
  • Abrar Ali Saiyed

    (Amrut Mody School of Management, Ahmedabad University, GICT Building, Central Campus)

  • Stephanie A. Fernhaber

    (Butler University, Lacy School of Business)

  • Rakesh Basant

    (Indian Institute of Management Ahmedabad, Center of Innovation, Incubation for Entrepreneurship New Campus, Indian Institute of Management)

  • Karthik Dhandapani

    (Indian Institute of Management Tiruchirappalli, NIT Campus (Post))

Abstract

This paper examines the influence of firm rivalry within an industry on the internationalization of new ventures in an emerging economy. Drawing on industrial organization and institutional theories, it was hypothesized that the influence of industry concentration (an index of firm rivalry) on new venture internationalization changes with the deepening of economic liberalization processes. An analysis of new ventures from 67 Indian industries from 1996 to 2014 suggests that the relation between industry concentration and new venture internationalization shifts gradually from a U-shaped relation to an inverted U-shaped relation during this time period. Implications for the generalizability of research in an emerging economy across time are discussed.

Suggested Citation

  • Abrar Ali Saiyed & Stephanie A. Fernhaber & Rakesh Basant & Karthik Dhandapani, 2021. "The internationalization of new ventures in an emerging economy: The shifting role of industry concentration," Asia Pacific Journal of Management, Springer, vol. 38(4), pages 1467-1497, December.
  • Handle: RePEc:kap:asiapa:v:38:y:2021:i:4:d:10.1007_s10490-020-09712-2
    DOI: 10.1007/s10490-020-09712-2
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