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What Drives New Ventures to Internationalize from Emerging to Developed Economies?


Mike W. Peng, tel.: (972) 883-2714; e-mail:


The internationalization of new ventures from emerging economies to developed economies remains an unfilled gap at the intersection of the literature between international entrepreneurship and strategy in emerging economies. What drives some (but not all) new ventures from emerging economies to enter developed economies? We address this question by developing a comprehensive framework based on the three leading perspectives on strategy—industry-based, resource-based, and institution-based views. A series of propositions are proposed to explore the underlying logic behind new ventures' entrepreneurial entries from emerging to developed economies.