Speed of internationalization and entrepreneurial cognition: Insights and a comparison between international new ventures, exporters and domestic firms

Acedo, F.J. and Jones, M.V. (2007) Speed of internationalization and entrepreneurial cognition: Insights and a comparison between international new ventures, exporters and domestic firms. Journal of World Business, 42(3), pp. 236-252. (doi: 10.1016/j.jwb.2007.04.012)

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Publisher's URL: http://dx.doi.org/10.1016/j.jwb.2007.04.012

Abstract

This paper examines four aspects of managerial cognition among firms, as differentiated by speed of market entry. Aspects are: <i>risk perception, proactivity, tolerance for ambiguity</i> and <i>international orientation</i>. Internationalization speed is indicated by rapidity of first market entry resulting in three groups of firms: <i>international new ventures, traditional exporters</i> and <i>domestic firms</i>. For all groups, <i>proactivity</i> is the basic premise for <i>risk perception</i>, which in turn is the key variable in relation to internationalization speed. <i>Risk perception</i> is the element that may prevent a firm from internationalizing at all, in a timely manner, or fast enough to capture available opportunities.

Item Type:Articles
Status:Published
Refereed:Yes
Glasgow Author(s) Enlighten ID:Acedo, Dr Francisco and Jones, Professor Marian
Authors: Acedo, F.J., and Jones, M.V.
Subjects:H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
H Social Sciences > HB Economic Theory
College/School:College of Social Sciences > Adam Smith Business School > Management
University Centres > Centre for Internationalisation and Enterprise Research
Research Group:CIER - Centre for Internationalisation and Enterprise Research
Journal Name:Journal of World Business
ISSN:1090-9516
ISSN (Online):1878-5573
Published Online:24 May 2007

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