International Journal of Management Reviews?–Volume 27 (1), pg. 34-57. DOI: https://doi.org/10.1111/ijmr.12378
Explaining differences in internationalization between emerging and developed economy born global firms: A systematic literature review and the way forward
Manohar, A., Lioliou, E., Prevezer, M., & Saridakis, G.
Born global firms (BGs) in emerging markets differ in significant ways from those in developed countries and this study aims to comprehensively examine those differences. To do this, we conduct a systematic literature review that analyses 148 empirical research articles published during 2010–2023, highlighting how BGs from developed and emerging economies differ in terms of their firm and entrepreneurial characteristics, as well as their operating environments. We find that these differences shape the BG’s disposition to distance, liabilities and risks, with BGs from emerging economies facing additional liabilities and demonstrating a greater tolerance for risk and distance compared with BGs from developed economies. This leads to particular outcomes with regard to the BG’s strategic choice of host country and internationalization mode, as well as its performance. The paper concludes by suggesting pathways for future research.
European Journal of International Management – Volume 25 (3/4).
Special Issue: International Entrepreneurship: Strategies for Overcoming Challenges and Developing Capacity
Editors: Prof. Maria Elo, Prof. Victor Martin-Sanchez, Prof. Martin Hannibal and Prof. Leo Paul Dana
The Editorial for the Special Issue which provides summaries of the nine articles included can be found here.
International Business Review – DOI: https://doi.org/10.1016/j.ibusrev.2025.102444Get rights and content
Purpose versus profit: How institutions shape entrepreneurial success across countries
Gerschewski, S., Franzke, S. K., Froese, F. J., & Knight, G
What does ‘success’ mean for entrepreneurs in different institutional environments? Drawing on institutional theory, we explore how the success perceptions of entrepreneurs are shaped by their interpretations of the institutional environment across countries. Based on 87 semi-structured, in-depth interviews with digital start-ups in China, Germany, and the United Kingdom (UK), we find that success perceptions differ substantially across institutional contexts. Our findings suggest that success perceptions balance the individual preferences of entrepreneurs and the need to adapt to the institutional environment. We contribute to understanding on differences in entrepreneurship across countries by examining how institutions can influence entrepreneurial response strategies and outcomes. In addition, we provide a novel perspective on the role of entrepreneurial agency in the context of strong institutional influences.