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Management International Review

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01.08.2011 | Research Article

Venturing Abroad by Emerging Market Enterprises

A Test of Dual Strategic Intents

verfasst von: Prof. Yadong Luo, Prof. Hongxin Zhao, Dr. Yagang Wang, Prof. Youmin Xi

Erschienen in: Management International Review | Ausgabe 4/2011

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Abstract

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.

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Titel: Venturing Abroad by Emerging Market Enterprises
A Test of Dual Strategic Intents
verfasst von: Prof. Yadong Luo
Prof. Hongxin Zhao
Dr. Yagang Wang
Prof. Youmin Xi
Publikationsdatum: 01.08.2011
Verlag: SP Gabler Verlag
Erschienen in: Management International Review / Ausgabe 4/2011
Print ISSN: 0938-8249
Elektronische ISSN: 1861-8901
DOI: https://doi.org/10.1007/s11575-011-0087-y

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