Venture firms’ internationalization: The case of emerging challengers

IF 6.1 1区管理学 Q1 BUSINESS

International Business Review Pub Date : 2025-06-12 DOI:10.1016/j.ibusrev.2025.102480

Taewoo Roh , Shufeng Xiao , Pervez N. Ghauri , Byung Il Park , Soo Jung Oh

{"title":"Venture firms’ internationalization: The case of emerging challengers","authors":"Taewoo Roh , Shufeng Xiao , Pervez N. Ghauri , Byung Il Park , Soo Jung Oh","doi":"10.1016/j.ibusrev.2025.102480","DOIUrl":null,"url":null,"abstract":"<div><div>The contributions of market-seeking and strategic resource-seeking motives to firms’ internationalization have been widely recognized. However, previous studies have paid scant attention to how firms’ strategic behavior regarding capacity-based searches can differ in certain contexts. Thus, little is known about the effect of the relationship between ownership and capacity-based searches on venture firms’ internationalization. Drawing on the behavioral theory of the firm, we identify the relationship between innovation performance feedback and the internationalization of specific venture firm types (i.e., emerging challengers) that are motivated to adopt both slack search and problemistic search. We then further explore the moderating effect of two ownership types (i.e., internal principal and international outsidership) on this relationship. Using a sample of 300 venture firms, our results show that innovation performance feedback is vital in encouraging firms’ internationalization. This relationship is further strengthened by firms’ internal and external ownership competence. The results are verified using a qualitative method, providing triangulation of findings.</div></div>","PeriodicalId":51352,"journal":{"name":"International Business Review","volume":"34 5","pages":"Article 102480"},"PeriodicalIF":6.1000,"publicationDate":"2025-06-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Business Review","FirstCategoryId":"91","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0969593125000939","RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS","Score":null,"Total":0}

引用次数: 0

Abstract

The contributions of market-seeking and strategic resource-seeking motives to firms’ internationalization have been widely recognized. However, previous studies have paid scant attention to how firms’ strategic behavior regarding capacity-based searches can differ in certain contexts. Thus, little is known about the effect of the relationship between ownership and capacity-based searches on venture firms’ internationalization. Drawing on the behavioral theory of the firm, we identify the relationship between innovation performance feedback and the internationalization of specific venture firm types (i.e., emerging challengers) that are motivated to adopt both slack search and problemistic search. We then further explore the moderating effect of two ownership types (i.e., internal principal and international outsidership) on this relationship. Using a sample of 300 venture firms, our results show that innovation performance feedback is vital in encouraging firms’ internationalization. This relationship is further strengthened by firms’ internal and external ownership competence. The results are verified using a qualitative method, providing triangulation of findings.

查看原文本刊更多论文

风险投资公司的国际化：新兴挑战者的案例

市场寻求动机和战略资源寻求动机对企业国际化的贡献已得到广泛认可。然而，以往的研究很少关注企业在某些情况下，基于能力的搜索的战略行为是如何不同的。因此，关于所有权和能力搜索之间的关系对风险公司国际化的影响知之甚少。利用企业行为理论，我们确定了创新绩效反馈与特定风险公司类型（即新兴挑战者）国际化之间的关系，这些风险公司类型被激励采用松弛搜索和问题搜索。然后，我们进一步探讨了两种所有权类型（即内部委托人和国际局外人）对这种关系的调节作用。以300家风险投资公司为样本，我们的研究结果表明，创新绩效反馈对促进企业国际化至关重要。企业的内部和外部所有权能力进一步加强了这种关系。使用定性方法验证了结果，提供了结果的三角测量。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

International Business Review BUSINESS-

CiteScore

14.10

自引率

6.90%

发文量

审稿时长

62 days

期刊介绍： The International Business Review (IBR) stands as a premier international journal within the realm of international business and proudly serves as the official publication of the European International Business Academy (EIBA). This esteemed journal publishes original and insightful papers addressing the theory and practice of international business, encompassing a broad spectrum of topics such as firms' internationalization strategies, cross-border management of operations, and comparative studies of business environments across different countries. In essence, IBR is dedicated to disseminating research that informs the international operations of firms, whether they are SMEs or large MNEs, and guides the actions of policymakers in both home and host countries. The journal warmly welcomes conceptual papers, empirical studies, and review articles, fostering contributions from various disciplines including strategy, finance, management, marketing, economics, HRM, and organizational studies. IBR embraces methodological diversity, with equal openness to papers utilizing quantitative, qualitative, or mixed-method approaches.