EconStor >
Max-Planck-Institut für Ökonomik, Jena >
Jena Economic Research Papers (2007-2014), Max-Planck-Institut für Ökonomik und Universität Jena >

Please use this identifier to cite or link to this item:

Full metadata record

DC FieldValueLanguage
dc.contributor.authorÁcs, Zoltán J.en_US
dc.contributor.authorTerjesen, Sirien_US
dc.description.abstractAre firms born Global? Because knowledge spillovers that lead to new venture creation are geographically constrained we believe that firms are born local. It follows that the decision to create sustainable new ventures is independent from the decision to interna-tionalize, even if that is the ultimate goal of the firm. We explore two avenues to interna-tionalize new ventures, a direct path described in much of the extant literature and an intermediated one. New ventures face high entry barriers and intellectual property rights protection to internationalization, which are circumvented by intermediating activities using existing multinational enterprises as facilitators of internationalization. However, new ventures using the intermediated mode of internationalization face transaction costs and rent extraction from multinational enterprises. Therefore, sustainable new ventures face a strategic decision on how to internationalize.en_US
dc.publisherUniversität Jena und Max-Planck-Institut für Ökonomik Jenaen_US
dc.relation.ispartofseriesJena economic research papers 2007,022en_US
dc.subject.keywordInternational Entrepreneurshipen_US
dc.subject.keywordMultinational Enterprisesen_US
dc.subject.keywordKnowledge Spilloversen_US
dc.subject.keywordIntermediated Internationalization, International New Venturesen_US
dc.subject.keywordForeign Direct Investmenten_US
dc.subject.stwMultinationales Unternehmenen_US
dc.subject.stwInternationale Markteintrittsstrategieen_US
dc.titleBorn local: two avenues to internationalizationen_US
dc.typeWorking Paperen_US
Appears in Collections:Jena Economic Research Papers (2007-2014), Max-Planck-Institut für Ökonomik und Universität Jena

Files in This Item:
File Description SizeFormat
547199082.PDF340.23 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.