Pub Date : 2023-08-31DOI: 10.14365/ibj.2023.34.3.3
Xue Dong Zhang, Shin Ae Kang
{"title":"The Effect of Government Subsidy on R&D Investment: Focused on Chinese New Third Board Firms","authors":"Xue Dong Zhang, Shin Ae Kang","doi":"10.14365/ibj.2023.34.3.3","DOIUrl":"https://doi.org/10.14365/ibj.2023.34.3.3","url":null,"abstract":"","PeriodicalId":48210,"journal":{"name":"International Small Business Journal-Researching Entrepreneurship","volume":"49 1","pages":""},"PeriodicalIF":7.1,"publicationDate":"2023-08-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74443575","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-08-31DOI: 10.14365/ibj.2023.34.3.4
Youngsam Cho, Junyeb Lee
{"title":"Effect of Perceived CSR of Local Employees on Creative Behavior through Affective Commitment: Moderating Roles of Perceived Appraisal Justice and Perceived Job Autonomy","authors":"Youngsam Cho, Junyeb Lee","doi":"10.14365/ibj.2023.34.3.4","DOIUrl":"https://doi.org/10.14365/ibj.2023.34.3.4","url":null,"abstract":"","PeriodicalId":48210,"journal":{"name":"International Small Business Journal-Researching Entrepreneurship","volume":"313 1","pages":""},"PeriodicalIF":7.1,"publicationDate":"2023-08-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80048316","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-08-31DOI: 10.14365/ibj.2023.34.3.2
Zheng Liu, Il Sook Kown, Tae-Joong Kim
{"title":"An Analysis of the Recent Trend in Global Finance from 2013 to 2022: A Comprehensive Literature Review","authors":"Zheng Liu, Il Sook Kown, Tae-Joong Kim","doi":"10.14365/ibj.2023.34.3.2","DOIUrl":"https://doi.org/10.14365/ibj.2023.34.3.2","url":null,"abstract":"","PeriodicalId":48210,"journal":{"name":"International Small Business Journal-Researching Entrepreneurship","volume":"58 1","pages":""},"PeriodicalIF":7.1,"publicationDate":"2023-08-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73730984","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-08-31DOI: 10.14365/ibj.2023.34.3.1
Jae Yong Choi
{"title":"A Study on the Early Warning Effect of a Market Indicator for the Credit Risk Changes of Global Corporate Bond Portfolio","authors":"Jae Yong Choi","doi":"10.14365/ibj.2023.34.3.1","DOIUrl":"https://doi.org/10.14365/ibj.2023.34.3.1","url":null,"abstract":"","PeriodicalId":48210,"journal":{"name":"International Small Business Journal-Researching Entrepreneurship","volume":"51 1 1","pages":""},"PeriodicalIF":7.1,"publicationDate":"2023-08-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76648187","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-08-28DOI: 10.1177/02662426231172450
Antje Fiedler, Benjamin P Fath, Noemi Sinkovics, R. Sinkovics
This article aims to explore how the boards of international new ventures (INVs) develop throughout the internationalisation and growth phases of the firm. Specifically, the study explores how the nature and extent of the board’s role changes over time in facilitating the INV’s knowledge and network acquisition. We draw on qualitative data, including 18 interviews with INVs and three interviews with experts on New Zealand’s high-technology sector. The data analysis yielded four main patterns. INVs that relied on an informal board during the initial market entry phase remained flexible in exploring multiple markets before transitioning to a formal board (Pattern 1). INVs that established a formal board during the initial market entry phase achieved accelerated internationalisation only when the board remained flexible (Pattern 2a). Where the formal board did not remain flexible, they became a ‘speed bump’ in the post-entry phase growth process, unless the management team could counter-balance this deceleration effect with bringing in informal board members (Pattern 2b). The findings suggest that the absence of a formal board also reduces internationalisation speed if the founder does not have the discipline to follow through with the exploitation of the perceived opportunities (Pattern 3).
{"title":"On-ramp or speed bump? How boards influence the internationalisation of international new ventures","authors":"Antje Fiedler, Benjamin P Fath, Noemi Sinkovics, R. Sinkovics","doi":"10.1177/02662426231172450","DOIUrl":"https://doi.org/10.1177/02662426231172450","url":null,"abstract":"This article aims to explore how the boards of international new ventures (INVs) develop throughout the internationalisation and growth phases of the firm. Specifically, the study explores how the nature and extent of the board’s role changes over time in facilitating the INV’s knowledge and network acquisition. We draw on qualitative data, including 18 interviews with INVs and three interviews with experts on New Zealand’s high-technology sector. The data analysis yielded four main patterns. INVs that relied on an informal board during the initial market entry phase remained flexible in exploring multiple markets before transitioning to a formal board (Pattern 1). INVs that established a formal board during the initial market entry phase achieved accelerated internationalisation only when the board remained flexible (Pattern 2a). Where the formal board did not remain flexible, they became a ‘speed bump’ in the post-entry phase growth process, unless the management team could counter-balance this deceleration effect with bringing in informal board members (Pattern 2b). The findings suggest that the absence of a formal board also reduces internationalisation speed if the founder does not have the discipline to follow through with the exploitation of the perceived opportunities (Pattern 3).","PeriodicalId":48210,"journal":{"name":"International Small Business Journal-Researching Entrepreneurship","volume":"41 1","pages":"590 - 622"},"PeriodicalIF":7.1,"publicationDate":"2023-08-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44870819","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-08-28DOI: 10.1177/02662426231163817
Jiayan Yan, Ziliang Deng, Shuai Meng
Drawing upon the attention-based view, we examine whether political connections facilitate or hinder the speed of new venture internationalisation. Given the limited managerial attention and information-processing capacities of decision-makers, international new ventures (INVs) need to make a trade-off between domestic business activities and rapid foreign expansion. We hypothesise that INVs with political connections, being embedded in political networks in their home market, tend to focus their attention on domestic business activities rather than rapid internationalisation. We also hypothesise that a high level of subnational trade openness mitigates the baseline negative relationship. Analyses based on the longitudinal data of INVs publicly listed in China support the hypotheses. Our study contributes to the literature by unveiling the dilemma of INVs which are developing board political connections at home and seeking rapid internationalisation abroad.
{"title":"The role of political connections in rapid internationalisation: A study among Chinese international new ventures","authors":"Jiayan Yan, Ziliang Deng, Shuai Meng","doi":"10.1177/02662426231163817","DOIUrl":"https://doi.org/10.1177/02662426231163817","url":null,"abstract":"Drawing upon the attention-based view, we examine whether political connections facilitate or hinder the speed of new venture internationalisation. Given the limited managerial attention and information-processing capacities of decision-makers, international new ventures (INVs) need to make a trade-off between domestic business activities and rapid foreign expansion. We hypothesise that INVs with political connections, being embedded in political networks in their home market, tend to focus their attention on domestic business activities rather than rapid internationalisation. We also hypothesise that a high level of subnational trade openness mitigates the baseline negative relationship. Analyses based on the longitudinal data of INVs publicly listed in China support the hypotheses. Our study contributes to the literature by unveiling the dilemma of INVs which are developing board political connections at home and seeking rapid internationalisation abroad.","PeriodicalId":48210,"journal":{"name":"International Small Business Journal-Researching Entrepreneurship","volume":"41 1","pages":"623 - 646"},"PeriodicalIF":7.1,"publicationDate":"2023-08-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49274232","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-08-28DOI: 10.1177/02662426231181531
N. Evers, Stephan Gerschewski, Zaheer Khan, Tim King, O. Kuivalainen, Pushyarag Puthusserry
International new ventures (INVs) and born globals (BGs) play a significant role in the global economy. These firms have rapidly expanded into foreign markets offering unique products and services. Despite the role such ventures play in the global economy, we know relatively little about the role of corporate governance (CG) in INVs and BGs and the challenges these firms face in foreign markets. This introductory article and the papers included in this Special Issue provide important insights into the role of corporate governance and the rapid rise of INVs and BGs and their evolutionary process, and highlight the topics where more research is needed. We also contribute to the current literature by examining corporate governance in early internationalising firms and discussing what sets them apart from well-established multinational enterprises.
{"title":"Corporate governance in international new ventures and born global firms","authors":"N. Evers, Stephan Gerschewski, Zaheer Khan, Tim King, O. Kuivalainen, Pushyarag Puthusserry","doi":"10.1177/02662426231181531","DOIUrl":"https://doi.org/10.1177/02662426231181531","url":null,"abstract":"International new ventures (INVs) and born globals (BGs) play a significant role in the global economy. These firms have rapidly expanded into foreign markets offering unique products and services. Despite the role such ventures play in the global economy, we know relatively little about the role of corporate governance (CG) in INVs and BGs and the challenges these firms face in foreign markets. This introductory article and the papers included in this Special Issue provide important insights into the role of corporate governance and the rapid rise of INVs and BGs and their evolutionary process, and highlight the topics where more research is needed. We also contribute to the current literature by examining corporate governance in early internationalising firms and discussing what sets them apart from well-established multinational enterprises.","PeriodicalId":48210,"journal":{"name":"International Small Business Journal-Researching Entrepreneurship","volume":"41 1","pages":"569 - 589"},"PeriodicalIF":7.1,"publicationDate":"2023-08-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46008897","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-08-28DOI: 10.1177/02662426231175878
James M. Crick, Dave Crick, Shiv Chaudhry
Underpinning this instrumental case study is an effectuation lens. It investigates how a firm’s governance affects decision-making within international new ventures (INVs), which rapidly withdrew from markets abroad, regarding their re-internationalisation activities. Interviews with founding owners, exhibiting growth-oriented objectives, provide unique insights regarding a combination of effectuation and causation-oriented decision-making. In comparison to earlier studies that focus on the role and mind-set of the founding management team, findings suggest stakeholders like angel investors may exhibit an influence on certain INVs’ internationalisation decisions. Some decision-makers view risks/rewards against objectives in subjective ways like ‘loss of credibility’ and the ‘fear of missing out,’ rather than simply economic terms like growth. New light is shed on the importance of decision-makers validating internationalised business models and exhibiting an ability to pivot product-market strategies. Non-linear international scale-up behaviour may include a temporary domestic market focus and potentially re-internationalising to different countries targeted prior to de-internationalisation.
{"title":"Governance considerations and non-linear international scale-up behaviour among INVs","authors":"James M. Crick, Dave Crick, Shiv Chaudhry","doi":"10.1177/02662426231175878","DOIUrl":"https://doi.org/10.1177/02662426231175878","url":null,"abstract":"Underpinning this instrumental case study is an effectuation lens. It investigates how a firm’s governance affects decision-making within international new ventures (INVs), which rapidly withdrew from markets abroad, regarding their re-internationalisation activities. Interviews with founding owners, exhibiting growth-oriented objectives, provide unique insights regarding a combination of effectuation and causation-oriented decision-making. In comparison to earlier studies that focus on the role and mind-set of the founding management team, findings suggest stakeholders like angel investors may exhibit an influence on certain INVs’ internationalisation decisions. Some decision-makers view risks/rewards against objectives in subjective ways like ‘loss of credibility’ and the ‘fear of missing out,’ rather than simply economic terms like growth. New light is shed on the importance of decision-makers validating internationalised business models and exhibiting an ability to pivot product-market strategies. Non-linear international scale-up behaviour may include a temporary domestic market focus and potentially re-internationalising to different countries targeted prior to de-internationalisation.","PeriodicalId":48210,"journal":{"name":"International Small Business Journal-Researching Entrepreneurship","volume":"41 1","pages":"647 - 681"},"PeriodicalIF":7.1,"publicationDate":"2023-08-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47178962","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-07-19DOI: 10.1177/02662426231185687
Nilusha Gallage, Richard Laferriere
{"title":"Book review: Heritage Entrepreneurship Cultural and Creative Pursuits in Business Management Vanessa Ratten","authors":"Nilusha Gallage, Richard Laferriere","doi":"10.1177/02662426231185687","DOIUrl":"https://doi.org/10.1177/02662426231185687","url":null,"abstract":"","PeriodicalId":48210,"journal":{"name":"International Small Business Journal-Researching Entrepreneurship","volume":"41 1","pages":"796 - 798"},"PeriodicalIF":7.1,"publicationDate":"2023-07-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44037211","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-07-18DOI: 10.1177/02662426231184341
Kenneth Clark, S. Drinkwater
Given the anticipated negative impact of Brexit on the U.K. economy, it might be expected that self-employed individuals would have favoured remaining in the European Union. However, the self-employed are also more likely to have certain demographic characteristics that are associated with voting leave in the 2016 referendum. We investigate such potentially offsetting influences using nationally representative survey data and find that self-employed men were more, and women less, likely to be leave voters compared to the paid-employed. The differences were statistically significant for men but a Gelbach decomposition reveals that they can largely be explained by characteristics, specifically age and education. Our findings, especially for self-employed men, are discussed within the context of the important economic consequences that Brexit continues to have on small businesses in the United Kingdom as well as the need for further evidence on the voting behaviour of the self-employed.
{"title":"Self-interest or self-defeating? How the self-employed voted in the EU referendum","authors":"Kenneth Clark, S. Drinkwater","doi":"10.1177/02662426231184341","DOIUrl":"https://doi.org/10.1177/02662426231184341","url":null,"abstract":"Given the anticipated negative impact of Brexit on the U.K. economy, it might be expected that self-employed individuals would have favoured remaining in the European Union. However, the self-employed are also more likely to have certain demographic characteristics that are associated with voting leave in the 2016 referendum. We investigate such potentially offsetting influences using nationally representative survey data and find that self-employed men were more, and women less, likely to be leave voters compared to the paid-employed. The differences were statistically significant for men but a Gelbach decomposition reveals that they can largely be explained by characteristics, specifically age and education. Our findings, especially for self-employed men, are discussed within the context of the important economic consequences that Brexit continues to have on small businesses in the United Kingdom as well as the need for further evidence on the voting behaviour of the self-employed.","PeriodicalId":48210,"journal":{"name":"International Small Business Journal-Researching Entrepreneurship","volume":"313 1","pages":""},"PeriodicalIF":7.1,"publicationDate":"2023-07-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80107472","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}