More is less? The dual effect of international diversification on emerging market new ventures' innovation performance

IF 4.2 2区管理学 Q1 MANAGEMENT

Journal of International Management Pub Date : 2026-03-01 Epub Date: 2026-01-15 DOI:10.1016/j.intman.2026.101327

Yueqi Wang , Wen Helena Li , Wei Liu

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Abstract

Considering the learning advantages and liabilities that emerging market new ventures (EMNVs) encounter in their international expansion, can they capitalize on investments in multiple countries and generate innovation outcomes? Drawing on the resource orchestration perspective, we elucidate the dual and contingent nexus between international diversification and innovation performance among EMNVs. By arguing that international diversification divergently influences resource acquisition and resource allocation mechanisms required for innovation, we posit two opposing effects that lead to an inverted U-shaped relationship between an EMNV's international diversification and innovation performance. Moreover, this nonlinear relationship, we propose, is attenuated by subsidies an EMNV receives from its home government. Using a panel dataset of 246 Chinese new ventures that were publicly listed in the ChiNext Market during 2009–2017, our predictions are supported. Overall, this study contributes to international entrepreneurship literature by revealing when and how international diversification helps or hinders EMNVs' innovation performance.

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多即是少？国际多元化对新兴市场新创企业创新绩效的双重影响

考虑到新兴市场新创企业（emnv）在国际扩张中遇到的学习优势和缺点，它们能否利用在多个国家的投资并产生创新成果？从资源编排的角度出发，本文阐述了新兴市场国家国际多元化与创新绩效之间的双重联系和偶然性联系。通过论证国际多元化对创新所需的资源获取和资源配置机制的差异性影响，我们假设了两种相反的效应，导致新兴市场国家的国际多元化与创新绩效之间呈倒u型关系。此外，我们提出，这种非线性关系被EMNV从其本国政府获得的补贴所减弱。使用2009-2017年期间在创业板市场公开上市的246家中国新企业的面板数据集，我们的预测得到了支持。总体而言，本研究通过揭示国际多元化何时以及如何帮助或阻碍emnv的创新绩效，为国际创业文献做出了贡献。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of International Management MANAGEMENT-

自引率

9.80%

发文量

审稿时长

81 days

期刊介绍： The Journal of International Management is devoted to advancing an understanding of issues in the management of global enterprises, global management theory, and practice; and providing theoretical and managerial implications useful for the further development of research. It is designed to serve an audience of academic researchers and educators, as well as business professionals, by publishing both theoretical and empirical research relating to international management and strategy issues. JIM publishes theoretical and empirical research addressing international business strategy, comparative and cross-cultural management, risk management, organizational behavior, and human resource management, among others.