The survival of international new ventures

• 成果类型: Review
• 署名作者: Mudambi, Ram; Zahra, Shaker A.
• 署名单位: Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University; University of Reading; University of Minnesota System; University of Minnesota Twin Cities; University of Minnesota System; University of Minnesota Twin Cities
• 刊物名称: JOURNAL OF INTERNATIONAL BUSINESS STUDIES
• ISSN/ISSBN: 0047-2506
• DOI: 10.1057/palgrave.jibs.8400264
• 发表日期: 2007
• 页码: 333-352
• 关键词: international new ventures; firm survival; multinational firms

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.