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

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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.

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Notes

  1. The 2015/2016 GEM Report notes that the countries with the highest levels of necessity-based motives were Macedonia followed by Guatemala, Panama, Brazil, and Egypt. On the other hand, Sweden, Luxembourg, and Switzerland led the countries at the lowest levels of necessity-based motives and started businesses based on opportunities that were foreseen and opted into.

  2. http://www.exim-policy.com retrieved on 15th March 2016

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  1. Amrut Mody School of Management, Ahmedabad University, GICT Building, Central Campus, Navrangpura, Ahmedabad, Gujarat, 380009, India

    Abrar Ali Saiyed

  2. Butler University, Lacy School of Business, 4600 Sunset Avenue, Indianapolis, IN, 46208, USA

    Stephanie A. Fernhaber

  3. Indian Institute of Management Ahmedabad, Center of Innovation, Incubation for Entrepreneurship New Campus, Indian Institute of Management, Vastrapur, Ahmedabad, Gujarat, 380015, India

    Rakesh Basant

  4. Indian Institute of Management Tiruchirappalli, NIT Campus (Post), Thanjavore Main Road, Thuvakudi, Tiruchirappalli, Tamil Nadu, 620015, India

    Karthik Dhandapani

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Saiyed, A.A., Fernhaber, S.A., Basant, R. et al. The internationalization of new ventures in an emerging economy: The shifting role of industry concentration. Asia Pac J Manag 38, 1467–1497 (2021). https://doi.org/10.1007/s10490-020-09712-2

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