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dc.contributor.authorMurmann, Johann Peter
dc.contributor.authorOzdemir, Salih Zeki
dc.contributor.authorSardana, Deepak
dc.date.accessioned2019-03-04T04:09:49Z
dc.date.available2019-03-04T04:09:49Z
dc.date.issued2015
dc.identifier.issn0048-7333
dc.identifier.doi10.1016/j.respol.2015.03.002
dc.identifier.urihttp://hdl.handle.net/10072/173646
dc.description.abstractInternational new ventures (INVs) have been documented to exist all around the world, but the literature is silent on the frequency of such companies in different countries. We contend that the propensity of new ventures to internationalize by forming international partnerships is higher in small-domestic demand countries because they have a greater motivation given their limited local demand. After discussing the methodological challenges in testing this hypothesis, we do such a test by studying alliances in the health segment of the biotech industry in relatively small-domestic demand countries (Australia, Israel, and Taiwan) and by comparing the results with five large-domestic demand countries (UK, Germany, France, US, and Japan). We find that young firms in the countries with smaller domestic demand are at least 3 times more likely to enter into international partnerships than their counterparts in countries with larger domestic demand. We further demonstrate that this difference can primarily be explained by the difference in the size of domestic healthcare markets rather than other underlying opportunity structure related factors.
dc.description.peerreviewedYes
dc.languageEnglish
dc.language.isoeng
dc.publisherElsevier
dc.relation.ispartofpagefrom1207
dc.relation.ispartofpageto1225
dc.relation.ispartofissue6
dc.relation.ispartofjournalResearch Policy
dc.relation.ispartofvolume44
dc.subject.fieldofresearchApplied economics
dc.subject.fieldofresearchInternational business
dc.subject.fieldofresearchMarketing
dc.subject.fieldofresearchcode3801
dc.subject.fieldofresearchcode350706
dc.subject.fieldofresearchcode3506
dc.titleThe role of home country demand in the internationalization of new ventures
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
gro.hasfulltextNo Full Text
gro.griffith.authorSardana, Deepak


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