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

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Contemporary Issues in International Business

Part of the book series: The Academy of International Business ((AIB))

Abstract

This 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.

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Authors and Affiliations

  1. School of Business and Management, Lappeenranta University of Technology, Lappeenranta, Finland

    Jie Chen, Kaisu Puumalainen & Sami Saarenketo

Authors
  1. Jie Chen
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  2. Kaisu Puumalainen
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  3. Sami Saarenketo
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Corresponding author

Correspondence to Jie Chen .

Editor information

Editors and Affiliations

  1. Henley Business School, University of Reading, Reading, United Kingdom

    Davide Castellani

  2. Henley Business School, University of Reading, Reading, United Kingdom

    Rajneesh Narula

  3. Henley Business School, University of Reading, Reading, United Kingdom

    Quyen T. K. Nguyen

  4. Henley Business School, University of Reading, Reading, United Kingdom

    Irina Surdu

  5. Henley Business School, University of Reading, Reading, United Kingdom

    James T. Walker

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Chen, J., Puumalainen, K., Saarenketo, S. (2018). The Internationalisation of Ventures: The Roles of a Nation’s Institutions and the Venture’s Value Orientation. In: Castellani, D., Narula, R., Nguyen, Q., Surdu, I., Walker, J. (eds) Contemporary Issues in International Business. The Academy of International Business. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-70220-9_4

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