Institutional voids,international learning effort and internationalization of emerging market new ventures |
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| Authors: | Samuel Adomako Joseph Amankwah-Amoah George Obeng Dankwah Albert Danso Francis Donbesuur |
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| Affiliation: | 1. School of Management, University of Bradford, Bradford, UK;2. Kent Business School, University of Kent, UK;3. Newman University, Genners Lane, Birmingham B32 3NT, UK;4. Leicester Castle Business School, De Montfort University, Leicester, UK;5. Lancashire School of Business, University of Central Lancashire, Preston, UK |
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| 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. |
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| Keywords: | Corresponding author. Learning effort Institutional voids Home market environment New venture internationalization Africa |
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