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dc.contributor.authorÁcs, Zoltán J.en
dc.contributor.authorTerjesen, Sirien
dc.date.accessioned2007-10-23-
dc.date.accessioned2009-07-27T09:39:36Z-
dc.date.available2009-07-27T09:39:36Z-
dc.date.issued2007-
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
dc.language.isoengen
dc.publisher|aFriedrich Schiller University Jena and Max Planck Institute of Economics |cJenaen
dc.relation.ispartofseries|aJena Economic Research Papers |x2007,022en
dc.subject.jelL26en
dc.subject.jelF23en
dc.subject.jelM13en
dc.subject.jelM16en
dc.subject.ddc330en
dc.subject.keywordInternational Entrepreneurshipen
dc.subject.keywordMultinational Enterprisesen
dc.subject.keywordKnowledge Spilloversen
dc.subject.keywordIntermediated Internationalization, International New Venturesen
dc.subject.keywordForeign Direct Investmenten
dc.subject.stwUnternehmeren
dc.subject.stwUnternehmensgründungen
dc.subject.stwWissenstransferen
dc.subject.stwMultinationales Unternehmenen
dc.subject.stwRegionen
dc.subject.stwInternationale Markteintrittsstrategieen
dc.subject.stwDirektinvestitionen
dc.titleBorn local: two avenues to internationalization-
dc.typeWorking Paperen
dc.identifier.ppn547199082en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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