A3 Book section, chapters in research books

The Internationalisation of Ventures: The Roles of a Nation’s Institutions and the Venture’s Value Orientation

Publication Details
Authors: Chen Jie, Puumalainen Kaisu, Saarenketo Sami
Editors of book: Castellani, Davide; Narula, Rajneesh; Nguyen, Quyen; Surdu, Irina; Walker, James
Edition name or number: 1
Publishing place: Cham, Switzerland
Publication year: 2018
Language: English
Title of parent publication: Contemporary Issues in International Business : Institutions, Strategy and Performance
ISBN: 978-3-319-70219-3
eISBN: 978-3-319-70220-9
JUFO-Level of this publication: 3
Open Access: Not an Open Access publication


chapter examines how national-level, firm-level and individual-level predictors
influence a venture’s likelihood of internationalisation based on a data
set adapted from the Global Entrepreneurship Monitor (GEM) data set in 2009,
covering 10,920 individual ventures in 54 countries. We found that
socially oriented (or early-stage) ventures are more likely to
be international than profit-oriented (and thus, more established)
ventures are. Also, ventures from countries with better-developed formal institutions,
higher power distance and higher individualistic and feminine cultures tend to
also become international. Findings further indicate that
opportunity-driven entrepreneurs are more likely to establish
international ventures than necessity-driven entrepreneurs. This study
deepens our understanding of a venture’s internationalisation and provides
a general guideline that may be used to predict the likelihood of
internationalisation for socially oriented ventures.

Last updated on 2019-13-03 at 12:00