Venture capitalist and entrepreneur knowledge of new venture internationalization: A review of knowledge components

Park, Sarah; LiPuma, Joseph A.; Prange, Christiane

doi:10.1177/0266242614526609

Cited by 37 publications

(32 citation statements)

References 132 publications

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“…Some studies (e.g. Fernhaber & Li, 2013;Park et al, 2015) suggest that the greater number of network contacts can facilitate and support internationalization activities of SMEs, especially for those entrepreneurs with limited or no previous international business experience. However, this effect was not found by Felzensztein et al (2015).…”

Section: Methodsmentioning

confidence: 99%

A multidimensional perspective of SME internationalization speed: The influence of entrepreneurial characteristics

Hsieh

Child

Narooz

et al. 2019

International Business Review

115

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This paper contributes to a multidimensional perspective on the speed of SME internationalization. It examines the influence of entrepreneurial characteristicsexperience, rationales and innovation strategieson multiple dimensions of internationalization speed. Findings from a sample of 180 SMEs show that earliness, speed of deepening, and speed of geographic diversification can be viewed as three different strategic alternatives and that each dimension is predicted by a different set of entrepreneurial antecedents. Earliness of internationalization is associated with entrepreneurs' international business experience and their perception of opportunities abroad as well as preference for an innovation strategy characterized by ambidextrous innovation. Speed of deepening is related to entrepreneurs' international business experience, their orientation towards differentiation vis-à-vis competitors, and commitment to innovation and a strategy focusing on exploration. These results indicate the importance of distinguishing between different forms of innovation. Speed of geographic diversification is predicted only by entrepreneurs' orientation towards differentiation vis-à-vis competitors.

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Section: Methodsmentioning

confidence: 99%

A multidimensional perspective of SME internationalization speed: The influence of entrepreneurial characteristics

Hsieh

Child

Narooz

et al. 2019

International Business Review

115

View full text Add to dashboard Cite

show abstract

“…Venture Capital firms are considered to have a positive effect on the backed firms' productivity (Croce et al, 2013) and growth (Davila et al, 2003), to be able to enhance the backed firms' operational and financial performance (Alperovych and Hübner, 2013;Gompers and Lerner, 2004) and to promote the backed firms' innovation (Gompers and Lerner, 2004;Kortum and Lerner, 2001). Additionally, authors such as Park et al (2015) and Lockett et al (2008) point out that Venture Capital firms contribute for enhancing the internationalisation prospects of venture capital-backed projects.…”

Section: Literature Reviewmentioning

confidence: 99%

Venture Capital and the Use of Convertible Securities and Control Rights Covenants: A Fuzzy Set Approach

Correia¹,

Meneses²

2019

EJOBSAT

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Although venture capital is considered crucial for promoting economic development and innovation, not much has been done regarding the use of complex financing contracts in venture capital backed investments. In this study we investigate the use of convertible securities and control rights covenants for a sample of 15 Portuguese venture capital firms. We use an innovative methodology - a fuzzy set Qualitative Comparative Analysis - that considers both quantitative and qualitative factors for obtaining a solution that best fits the empirical data. Our results show that the use of convertible securities is affected by the anticipated severity of double-sided moral hazard problems. On the other hand, only a weak support is provided to the agency predictions regarding the use of control right covenants. Interestingly, the results reveal that convertible securities, unlike control rights covenants, are the most apt instruments to reduce costly double-sided incentive problems of a venture capital relationship

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“…Internationalization has become a cornerstone of competitiveness (Park et al, 2015) and ''the world economy is becoming increasingly integrated with continued declines in government-imposed barriers and continued advances in technology'' (Lu and Beamish, 2001). Most SMEs are faced with international competition even on domestic markets, and they need the tool to add credibility.…”

Section: Role Of Certification In Smesmentioning

confidence: 99%

The Acquiring of the Knowledge about Standards in the Digital Era

MijatoviĦ¹,

ToiĦ²,

JovanoviĦ³

2019

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The knowledge from external sources has been recognized as critical for improving the capabilities of small and medium enterprises (SMEs) to be competitive on the global market. The aim of this paper is to explore main factors which affect SMEs' choice of a dominant source for acquiring information and the knowledge about standards. The questionnaire survey research method was used to seek the response from representatives of 130 SMEs operating in Serbia. Our findings indicate four sourcesrelevant websites, services of consultants, inputs of customers as well as information received from business partners. Our results showed that larger SMEs, with a longer tradition in business, will have more chances to use Websites as a primary source for gaining knowledge about standards. Domestic SMEs shape their decisions to hire consultants predominantly because of a negative perception of standards. The usage of customer inputs as a dominant source for gaining information and transfer of knowledge about standards are influenced by SMEs' experience in business and negative perception of the benefits of standards. In the digital era, SMEs still suffer from a lack of resources or capabilities to use the Web and the Internet for acquiring information and knowledge about standards in the digital era.

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Venture capitalist and entrepreneur knowledge of new venture internationalization: A review of knowledge components

Cited by 37 publications

References 132 publications

A multidimensional perspective of SME internationalization speed: The influence of entrepreneurial characteristics

A multidimensional perspective of SME internationalization speed: The influence of entrepreneurial characteristics

Venture Capital and the Use of Convertible Securities and Control Rights Covenants: A Fuzzy Set Approach

The Acquiring of the Knowledge about Standards in the Digital Era

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