The internationalization of new ventures in an emerging economy: The shifting role of industry concentration
Abrar Ali Saiyed (),
Stephanie A. Fernhaber (),
Rakesh Basant () and
Karthik Dhandapani ()
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Abrar Ali Saiyed: Amrut Mody School of Management, Ahmedabad University, GICT Building, Central Campus
Stephanie A. Fernhaber: Butler University, Lacy School of Business
Rakesh Basant: Indian Institute of Management Ahmedabad, Center of Innovation, Incubation for Entrepreneurship New Campus, Indian Institute of Management
Karthik Dhandapani: Indian Institute of Management Tiruchirappalli, NIT Campus (Post)
Asia Pacific Journal of Management, 2021, vol. 38, issue 4, No 11, 1467-1497
Abstract This paper examines the influence of firm rivalry within an industry on the internationalization of new ventures in an emerging economy. Drawing on industrial organization and institutional theories, it was hypothesized that the influence of industry concentration (an index of firm rivalry) on new venture internationalization changes with the deepening of economic liberalization processes. An analysis of new ventures from 67 Indian industries from 1996 to 2014 suggests that the relation between industry concentration and new venture internationalization shifts gradually from a U-shaped relation to an inverted U-shaped relation during this time period. Implications for the generalizability of research in an emerging economy across time are discussed.
Keywords: Emerging economies; Industry concentration; New venture internationalization; India (search for similar items in EconPapers)
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