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Full-Text Articles in Business
International Entrepreneuship And Geographic Location: An Empirical Examination Of New Venture Internationalization, Stephanie A. Fernhaber, Brett Anitra Gilbert, Paticia P. Mcdougall
International Entrepreneuship And Geographic Location: An Empirical Examination Of New Venture Internationalization, Stephanie A. Fernhaber, Brett Anitra Gilbert, Paticia P. Mcdougall
Stephanie A. Fernhaber
In this paper, we argue that geographic location may be one reason why some ventures are able to acquire the resources needed to internationalize while others cannot. We use ecological arguments to predict an inverted U-shaped relationship between the concentration of industry clustering within a geographic location and the venture's internationalization. We also explore whether venture characteristics influence the nature of this relationship. Our hypotheses are regressed on international intensity and scope, and analyzed through a sample of 156 publicly held new ventures. Results confirm that location influences new venture internationalization, and firm characteristics impact the nature of the relationship.
The Impact Of Early Imprinting On Evolution Of New Venture Networks, Stephanie A. Fernhaber, Hana Milanov
The Impact Of Early Imprinting On Evolution Of New Venture Networks, Stephanie A. Fernhaber, Hana Milanov
Stephanie A. Fernhaber
Given the argued importance of networks to new ventures, this paper is intended to fill a noted gap in the literature pertaining to the factors that influence the evolution of new ventures' alliance networks. Drawing on the imprinting literature, we propose that one has to look beyond the first partner per se, and instead focus on the extant relationships the initial partner has with other firms. More specifically, we argue and find that the network size and centrality of a new venture's initial alliance partner influence the subsequent size of the new venture's network.
The Impact Of Interorganizational Imitation On New Venture International Entry And Performance, Stephanie A. Fernhaber, Dan Li
The Impact Of Interorganizational Imitation On New Venture International Entry And Performance, Stephanie A. Fernhaber, Dan Li
Stephanie A. Fernhaber
We examine the impact of interorganizational imitation on new venture international entry and subsequent performance. Using a sample of 150 U.S.-based publicly held new ventures, we find that new venture international entry is in part an imitative response to the internationalization of other firms in the venture's home country industry and/or subsets of firms with certain traits or outcomes. We also find that interorganizational imitation moderates the relationship between new venture international entry and profitability, but not the relationship between new venture international entry and sales growth. These findings contribute to the growing body of literature on new venture internationalization.
Exploring The Role Of Industry Structure In New Venture Internationalization, Stephanie A. Fernhaber, Patricia P. Mcdougall, Benjamin M. Oviart
Exploring The Role Of Industry Structure In New Venture Internationalization, Stephanie A. Fernhaber, Patricia P. Mcdougall, Benjamin M. Oviart
Stephanie A. Fernhaber
While we have gained considerable knowledge since the late 1980s regarding the phenomena of international new ventures, less is known about the influence of industry structure on these ventures. In the present paper, we draw on literature from industrial economics, international business and entrepreneurship to identify industry structure variables that fit within the theoretical framework of international new ventures. We then offer propositions as to how the identified industry structure variables individually and jointly influence the likelihood of new venture internationalization.
Venture Capitalists As Catalysts To New Venture Internationalization: The Impact Of Their Knowledge And Reputation Resources, Stephanie A. Fernhaber, Patricia P. Mcdougall-Covin
Venture Capitalists As Catalysts To New Venture Internationalization: The Impact Of Their Knowledge And Reputation Resources, Stephanie A. Fernhaber, Patricia P. Mcdougall-Covin
Stephanie A. Fernhaber
Venture Capitalists (VC) play an important role in influencing the strategic direction of the firms in which they invest. The findings of this study reveal that VCs can serve as a catalyst to new venture internationalization through the provision of knowledge and reputation resources. Furthermore, the international knowledge of a VC is more positively related to new venture internationalization when the VC is also reputable.