TY - JOUR
T1 - What explains the degree of internationalization of early-stage entrepreneurial firms? A multilevel study on the joint effects of entrepreneurial self-efficacy, opportunity-motivated entrepreneurship, and home-country institutions
AU - Yang, Miles M.
AU - Li, Tianchen
AU - Wang, Yue
PY - 2020/10/1
Y1 - 2020/10/1
N2 - Integrating recent theories of entrepreneurship with new institutional economics, we develop a multilevel model to deepen our knowledge of how micro-level entrepreneurs’ personality and motivational antecedents interact with macro-level home-country institutions in determining internationalization by early-stage entrepreneurial firms. Data were collected from Global Entrepreneurship Monitor Adult Population Survey, GEM National Expert Survey, and the World Economic Outlook Database for the year of 2014. The results show that the personality trait of entrepreneurial self-efficacy contributes positively to the degree of internationalization via mobilizing opportunity-motivated entrepreneurship and that home-country formal institutions strengthen the above relationship of such young entrepreneurial firms.
AB - Integrating recent theories of entrepreneurship with new institutional economics, we develop a multilevel model to deepen our knowledge of how micro-level entrepreneurs’ personality and motivational antecedents interact with macro-level home-country institutions in determining internationalization by early-stage entrepreneurial firms. Data were collected from Global Entrepreneurship Monitor Adult Population Survey, GEM National Expert Survey, and the World Economic Outlook Database for the year of 2014. The results show that the personality trait of entrepreneurial self-efficacy contributes positively to the degree of internationalization via mobilizing opportunity-motivated entrepreneurship and that home-country formal institutions strengthen the above relationship of such young entrepreneurial firms.
KW - Degree of internationalization
KW - Entrepreneurial firms
KW - Entrepreneurial self-efficacy
KW - Home-country institutions
KW - Opportunity-motivated entrepreneurship
UR - http://www.scopus.com/inward/record.url?scp=85086721746&partnerID=8YFLogxK
U2 - 10.1016/j.jwb.2020.101114
DO - 10.1016/j.jwb.2020.101114
M3 - Article
AN - SCOPUS:85086721746
VL - 55
SP - 1
EP - 21
JO - Journal of World Business
JF - Journal of World Business
SN - 1090-9516
IS - 6
M1 - 101114
ER -