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dc.contributor.authorÁcs, Zoltán J.en_US
dc.contributor.authorTerjesen, Sirien_US
dc.date.accessioned2007-10-23en_US
dc.date.accessioned2009-07-27T09:39:36Z-
dc.date.available2009-07-27T09:39:36Z-
dc.date.issued2007en_US
dc.identifier.urihttp://hdl.handle.net/10419/25642-
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.language.isoengen_US
dc.publisherUniversität Jena und Max-Planck-Institut für Ökonomik Jenaen_US
dc.relation.ispartofseriesJena economic research papers 2007,022en_US
dc.subject.jelL26en_US
dc.subject.jelF23en_US
dc.subject.jelM13en_US
dc.subject.jelM16en_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.stwUnternehmeren_US
dc.subject.stwUnternehmensgründungen_US
dc.subject.stwWissenstransferen_US
dc.subject.stwMultinationales Unternehmenen_US
dc.subject.stwRegionen_US
dc.subject.stwInternationale Markteintrittsstrategieen_US
dc.subject.stwDirektinvestitionen_US
dc.titleBorn local: two avenues to internationalizationen_US
dc.typeWorking Paperen_US
dc.identifier.ppn547199082en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:Jena Economic Research Papers, MPI für Ökonomik

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