Issue 1, 2013

Shirokova G. V., Zibarev I. A. Internationalization of New Ventures from Emerging Economies: Case of Russia.

The article discusses the factors of internationalization of new ventures from emerging economies on the sample of firms from Russia. The study detected a significant positive influence of entrepreneurs’ global orientation and personal networks on the degree of internationalization of new entrepreneurial firms. It was also found that domestic market size and level of institutional development have negative impact on the degree of internationalization. Beside the degree of internationalization, the size of the domestic market was also involved in the negative influence on the scope of internationalization. A positive association with the scope of internationalization was linked to the global orientation of the entrepreneurs and the existence of norms for international expansion in the industry. The influence of industry technological intensity on the degree and scope of internationalization has not found any empirical evidence. Keywords: internationalization, international entrepreneurship, international new ventures, emerging economies, Russia.

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