Institutional voids, international learning effort and internationalization of emerging market new ventures

Date
2019-05-03
Authors
Adomako, Samuel
Amankwah-Amoah, Joseph
Obeng Danquah, George
Danso, Albert
Donbesuur, Francis
Journal Title
Journal ISSN
ISSN
Volume Title
Publisher
Elsevier
Peer reviewed
Yes
Abstract
Much of the existing scholarly works portray institutional voids (IVs) in emerging economies as impeding forces against the development of new ventures. However, little attention has been paid to how such voids generate positive outcomes in emerging market new ventures. Drawing on the institutional theory, we propose IVs as crucial enablers of new venture internationalization. In addition, we investigate both how and when IVs enhance the degree to which new ventures internationalize by examining international learning effort (ILE) as a mediator and two domestic market environmental factors (i.e., environmental dynamism and competitive intensity) as important contingencies. We test our moderated mediation model using primary data gathered from 211 new ventures from Ghana. We found that ILE mediates the relationship between IVs and new venture internationalization and that both environmental dynamism and competitive intensity moderate the indirect relationship between home-country IVs and new venture internationalization. We discuss the theoretical and practical implications of this study.
Description
The file attached to this record is the author's final peer reviewed version. The Publisher's final version can be found by following the DOI link.
Keywords
Citation
Adomako, S., Amankwah-Amoah, J., Obeng, G. D., Danso, A. and Donbesuur, F. (2019). Institutional voids, international learning effort and internationalization of emerging market new ventures. Journal of International Management,
Research Institute
Finance and Banking Research Group (FiBRe)