Venturing Abroad by Emerging Market Enterprises: A Test of Dual Strategic Intents
This study presents a dual strategic intent perspective, elucidating that international venturing by emerging economy private firms is prompted by exploiting firm-specific advantages, as well as circumventing market imperfection residuals embedded in home country economic transformation. • Our analy...
| Main Authors: | , , , |
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| Format: | Journal Article |
| Published: |
Gabler-Verlag
2011
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| Online Access: | http://hdl.handle.net/20.500.11937/50149 |
| _version_ | 1848758406492454912 |
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| author | Luo, Yadong Zhao, H. Wang, Y. Xi, Y. |
| author_facet | Luo, Yadong Zhao, H. Wang, Y. Xi, Y. |
| author_sort | Luo, Yadong |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | This study presents a dual strategic intent perspective, elucidating that international venturing by emerging economy private firms is prompted by exploiting firm-specific advantages, as well as circumventing market imperfection residuals embedded in home country economic transformation. • Our analysis of 1,355 Chinese private enterprises shows that their ownership-specific advantages in areas such as corporate governance, inherited advantage from mergers and acquisitions of state-owned companies, and inward internationalization increase the level of outward internationalization. Market imperfection residuals, such as industry structure uncertainty, also propel the inclination for internationalization. • Two types of international experiences, one possessed by entrepreneurs and the other by private firms they lead, are positively associated with the proclivity for international venturing. Their moderating effect on the link between some ownership-specific advantages and venturing is negative, suggesting a substitutive role of experience in interacting with ownership-specific advantages with the process of internationalization. |
| first_indexed | 2025-11-14T09:43:29Z |
| format | Journal Article |
| id | curtin-20.500.11937-50149 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T09:43:29Z |
| publishDate | 2011 |
| publisher | Gabler-Verlag |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-501492017-09-13T15:36:21Z Venturing Abroad by Emerging Market Enterprises: A Test of Dual Strategic Intents Luo, Yadong Zhao, H. Wang, Y. Xi, Y. This study presents a dual strategic intent perspective, elucidating that international venturing by emerging economy private firms is prompted by exploiting firm-specific advantages, as well as circumventing market imperfection residuals embedded in home country economic transformation. • Our analysis of 1,355 Chinese private enterprises shows that their ownership-specific advantages in areas such as corporate governance, inherited advantage from mergers and acquisitions of state-owned companies, and inward internationalization increase the level of outward internationalization. Market imperfection residuals, such as industry structure uncertainty, also propel the inclination for internationalization. • Two types of international experiences, one possessed by entrepreneurs and the other by private firms they lead, are positively associated with the proclivity for international venturing. Their moderating effect on the link between some ownership-specific advantages and venturing is negative, suggesting a substitutive role of experience in interacting with ownership-specific advantages with the process of internationalization. 2011 Journal Article http://hdl.handle.net/20.500.11937/50149 10.1007/s11575-011-0087-y Gabler-Verlag restricted |
| spellingShingle | Luo, Yadong Zhao, H. Wang, Y. Xi, Y. Venturing Abroad by Emerging Market Enterprises: A Test of Dual Strategic Intents |
| title | Venturing Abroad by Emerging Market Enterprises: A Test of Dual Strategic Intents |
| title_full | Venturing Abroad by Emerging Market Enterprises: A Test of Dual Strategic Intents |
| title_fullStr | Venturing Abroad by Emerging Market Enterprises: A Test of Dual Strategic Intents |
| title_full_unstemmed | Venturing Abroad by Emerging Market Enterprises: A Test of Dual Strategic Intents |
| title_short | Venturing Abroad by Emerging Market Enterprises: A Test of Dual Strategic Intents |
| title_sort | venturing abroad by emerging market enterprises: a test of dual strategic intents |
| url | http://hdl.handle.net/20.500.11937/50149 |