The survival of international new ventures

被引:298
作者
Mudambi, Ram
Zahra, Shaker A.
机构
[1] Temple Univ, Dept Gen & Strateg Management, Inst Global Management Studies, Fox Sch Business, Philadelphia, PA 19122 USA
[2] Univ Reading, Dept Econ, Reading RG6 2AH, Berks, England
[3] Univ Minnesota, Ctr Entrepreneurial Studies, Minneapolis, MN USA
[4] Univ Minnesota, Dept Strateg Management & Org, Carlson Sch Management, Minneapolis, MN USA
关键词
international new ventures; firm survival; multinational firms;
D O I
10.1057/palgrave.jibs.8400264
中图分类号
F [经济];
学科分类号
02 ;
摘要
International new ventures (INVs) are a popular mode of entry into foreign markets. INVs, those companies that enter foreign markets at inception, often suffer the two liabilities of newness and foreignness, which may increase the odds of their failure. This paper empirically examines the survival of INVs by comparing them with other sequential modes of international operations ( e. g., acquisitions). Data from 275 British firms show that INVs have lower unconditional survival probabilities than other modes of foreign market entry. Our analyses also show that differences in survival probabilities disappear when the firms' competitive strategies are considered.
引用
收藏
页码:333 / 352
页数:20
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