Emerald | European Business Review | Table of Contents http://www.emeraldinsight.com/0955-534X.htm Table of contents from the most recently published issue of European Business Review Journal en-gb Tue, 05 Aug 2014 00:00:00 +0100 2013 Emerald Group Publishing Limited editorial@emeraldinsight.com support@emeraldinsight.com 60 Emerald | European Business Review | Table of Contents http://www.emeraldinsight.com/common_assets/img/covers_journal/ebrcover.gif http://www.emeraldinsight.com/0955-534X.htm 120 157 International new ventures: rapid internationalization across different industry contexts http://www.emeraldinsight.com/journals.htm?issn=0955-534X&volume=26&issue=5&articleid=17115273&show=abstract <strong>Abstract</strong><br /><br /><B>Purpose</B> - This article has two aims. First, we offer insights into the relationship between industry idiosyncrasies and international new ventures (INVs). We then present a research conceptual framework that identifies the role of industry factors in new venture internationalization processes and strategies. Second, we introduce the content of this special issue.<B>Design/methodology/approach</B> - This conceptual article builds on extant studies on INVs operating in different industrial contexts. Particular attention is given to the role of industry influences in the processes of new venture internationalization, in terms of speed, geographical scope, and entry strategy. Such factors are discussed to formulate a conceptual framework as a basis for further research. <B>Findings</B> - The conceptual framework identifies key industry factors as well as emergent factors that influence the new venture internationalization process, in terms of speed, geographical scope, and entry strategy. Such key influencing factors are (1) competition and structure, (2) industry life cycle, (3) industry concentration, (4) knowledge intensity, (5) local cluster internationalization, and (6) global industry integration. Emergent factors are identified as new business models, technology, and industry network dynamics.<B>Research limitations/implications</B> - This article is conceptual in nature, and thus empirical research is recommended in diverse contexts.<B>Practical implications</B> - Further analysis of industry factors is a valid research avenue for understanding INVs. <B>Originality/value</B> - This special issue offers new insights into how industry factors influence INVs’ internationalization processes in terms of speed, scope, and entry strategy. Article literatinetwork@emeraldinsight.com (Svante Andersson, Natasha Evers, Olli Kuivalainen) Tue, 05 Aug 2014 00:00:00 +0100 Is more always better? Risk trade-offs among internationalizing new ventures http://www.emeraldinsight.com/journals.htm?issn=0955-534X&volume=26&issue=5&articleid=17115286&show=abstract <strong>Abstract</strong><br /><br /><B>Purpose</B> - Many new ventures are internationalizing to fully exploit new innovations and/or gain access to larger markets. Yet at some point the rising costs associated with internationalization outweigh any benefits, resulting in an inverted U-shaped relationship between internationalization and performance. This paper investigates how ventures manage the negative returns associated with higher levels of internationalization. <B>Design/methodology/approach</B> - New ventures are theorized to better manage high levels of internationalization by limiting exposure to other sources of risk. This can be achieved by leveraging greater size and/or limiting simultaneous diversification efforts on product innovation. To test the hypotheses, a regression using Heckman selection was run using a sample of 210 U.S-based, publicly held ventures in high-technology industries. <B>Findings</B> - The results confirm that when higher levels of internationalization are coupled with either a low emphasis on product innovation or larger size, the negative returns are mitigated and actually become positive. <B>Research limitations/implications</B> - A key implication lies in recognizing the role of risk management for internationalizing ventures. Future research could benefit by testing for generalizability in other countries as well as among privately-held ventures. <B>Practical implications</B> - In order to manage the trade-offs associated at higher levels of internationalization, ventures need to maintain a low emphasis on product innovation or meet a threshold in terms of size. <B>Originality/value</B> - The value of this research lies in better understanding how ventures are able to overcome rising costs at higher levels of internationalization. Article literatinetwork@emeraldinsight.com (Stephanie A. Fernhaber, Patricia P. McDougall-Covin) Tue, 05 Aug 2014 00:00:00 +0100 The internationalization strategies of rapidly internationalizing high-tech UK SMES: planned and unplanned activities http://www.emeraldinsight.com/journals.htm?issn=0955-534X&volume=26&issue=5&articleid=17115285&show=abstract <strong>Abstract</strong><br /><br /><B>Purpose</B> - The objective of this study is to investigate aspects of causation and effectuation decision making in respect of the planned and unplanned nature of the internationalization strategies of a small sample of rapidly internationalizing, high-tech UK SMEs. These exhibit four different rates of scale of international intensity (percentage of overseas sales to total sales) and market scope (geographical coverage and commitment). <B>Design/methodology/approach</B> - Interviews with managers of sixteen independently-owned high technology oriented manufacturing SMEs were undertaken in this investigation in order to reduce the potential effect of bias from parental decision-making and firm size; also trade sectoral conditions. These were drawn from an existing database.<B>Findings</B> - Aspects of both causation and effectuation logic were evident in planned and unplanned aspects of decision making. Moreover, industry factors were seen to affect internationalization strategies in various ways and not least in respect of the need to exploit windows of opportunity in international niche markets and the usefulness of utilising managers’ experience and networks in the sector in which firms operated.<B>Originality/value</B> - The contribution of this study is to build on earlier work where authors have used different terminology to describe firms that have internationalized soon after their foundation. Specifically, with respect to the planned versus unplanned nature of respective internationalization strategies and the causation as opposed to effectuation logic in decision making. Article literatinetwork@emeraldinsight.com (David Crick, James Crick) Tue, 05 Aug 2014 00:00:00 +0100 The role of formal industry clusters in the internationalization of new ventures http://www.emeraldinsight.com/journals.htm?issn=0955-534X&volume=26&issue=5&articleid=17115282&show=abstract <strong>Abstract</strong><br /><br /><B>Purpose</B> - This study investigates the internationalization of international new ventures (INVs). Specifically, our research explores the ways in which a formal cluster can facilitate the internationalization process of these firms.<B>Design/methodology/approach</B> - We studied how four INVs benefitted from the actions of two clusters in France – Systematic and Mov’eo – as they internationalized. We conducted semi-structured interviews with the CEOs and other representatives of the INVs and with the members of the cluster management teams. <B>Findings</B> - The findings indicate that clusters can facilitate the internationalization of INVs by providing resources, networking opportunities and legitimacy to help them reach global markets and by increasing the speed of internationalization. <B>Originality/value</B> - By analyzing the specific role that a formal cluster plays in the internationalization of INVs, this research contributes to the literature examining the link between location and INV internationalization. We argue that the cluster’s role can be considered as that of an intermediary organization helping INVs to expand globally. Article literatinetwork@emeraldinsight.com (Ana Colovic, Olivier Lamotte) Tue, 05 Aug 2014 00:00:00 +0100 The Continued Internationalisation of an International New Venture http://www.emeraldinsight.com/journals.htm?issn=0955-534X&volume=26&issue=5&articleid=17115279&show=abstract <strong>Abstract</strong><br /><br /><B>Purpose</B> - This paper explores longitudinally a life sciences international new venture’s (INV’s) development of foreign market knowledge (FMK) and how this knowledge development relates to the firm’s entrepreneurial orientation (EO). <B>Design/methodology/approach</B> - The article adopts a longitudinal case-study approach to investigate an INV in the life-science industry. <B>Findings</B> - The findings show that the EO of an INV changes during its internationalisation. A strong EO, often considered to be synonymous with the early expansion of an INV, is not always able to guide the INV in its later developmental stages. In its continued internationalisation, an INV instead needs firm-specific FMK accumulated from a process of learning by doing. The knowledge development of an INV is a time-consuming process that cannot be rushed by grafting new and experienced employees.<B>Research limitations/implications</B> - Future research focusing on larger and broader samples of INVs is recommended to validate this study’s results. <B>Practical implications</B> - Life sciences managers need to develop their own firm-specific FMK by interacting with their foreign business partners. <B>Originality/value</B> - This study contributes further insights into the FMK development processes and EO of INVs in the life sciences industry during their internationalisation. Further understanding is also provided about how the industry-specific features of an INV in the life sciences industry influence internationalisation over time. The study’s theoretical implications are that international entrepreneurship frameworks and internationalisation process theory need to be integrated to understand the longitudinal development of INVs. Article literatinetwork@emeraldinsight.com (Sara Melén Hånell, Emilia Rovira Nordman, Dharam Deo Sharma) Tue, 05 Aug 2014 00:00:00 +0100