In good company: The role of personal and inter-firm networks for new-venture internationalization in a transition economy

Although personal and inter-firm networks are critical for the survival and growth of entrepreneurial ventures in transition economies, their role in new-venture internationalization has been understudied. Exploring the internationalization of entrepreneurial ventures ( n = 623) in Bulgaria, we find...

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Bibliographic Details
Published in:Journal of world business : JWB 2010-07, Vol.45 (3), p.257-265
Main Authors: Manolova, Tatiana S., Manev, Ivan M., Gyoshev, Bojidar S.
Format: Article
Language:English
Subjects:
Internationalization
Internationalization New ventures Transition economies Social networks
New ventures
Social networks
Transition economies
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Summary:Although personal and inter-firm networks are critical for the survival and growth of entrepreneurial ventures in transition economies, their role in new-venture internationalization has been understudied. Exploring the internationalization of entrepreneurial ventures ( n = 623) in Bulgaria, we find that domestic personal networks have a positive effect on internationalization. Firm age negatively moderates the effect of inter-firm networks: the earlier the new venture engages in inter-firm collaboration, the higher the degree of its internationalization. Internationalization is positively associated with new venture size and varies by industry. Implications for managerial practice and public policy are discussed.
ISSN:1090-9516
DOI:10.1016/j.jwb.2009.09.004