Date of Award
Doctor of Philosophy (PhD)
William Q. Judge
Stephen E. Lanivich
Comparative international entrepreneurship is a field still in its infancy. One of the largest needs in this stream of research is an understanding of how internationalization activities differ across countries, especially growing emerging markets. These two essays compare the antecedents and effects of internationalizing out of emerging and developed economies.
Essay 1 employs fuzzy-set Qualitative Comparative Analyses to investigate how distinct configurations of national business systems interact with founders’ human capital to lead to high degrees of new venture internationalization. Findings indicate that new venture internationalization is an equifinal process that differs significantly across emerging and developed markets, with firms in emerging-economy internationalizing despite voids in key institutions, especially financial markets. This essay also contributes an understanding of the contingencies of home-country institutions, showing precisely when they matter more (or less) for new venture internationalization, as well as how founder human capital interacts with institutions.
Essay 2 shifts the focus to the international entrepreneurship of larger, established firms. Institutional theory is applied to hypothesize how home- and host-country institutional attributes affect the performance of newly established foreign subsidiaries before, during, and after the 2007-2009 global financial crisis. Results of hierarchical linear models show that new foreign subsidiaries of developed-economy multinational enterprises performed better in the pre-crisis years, but those of emerging-economy multinational enterprises performed better during the crisis as well as after the crisis (if they possessed slack resources). This essay shows that the home country strongly influences the resilience of new foreign subsidiaries, and that resilience may be a unique strength of firms originating from emerging economies.
Mallon, Mark R.. "Two Essays on the Antecedents and Effects of Internationalizing Out of Emerging and Developed Economies" (2017). Doctor of Philosophy (PhD), dissertation, Management, Old Dominion University, https://digitalcommons.odu.edu/management_etds/3