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The impact of home country institutions on new venture export: examining new ventures in transition economies

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Abstract

How do home country institutions influence new ventures’ export strategy? As informed by the institution-based view, we argue that new ventures can use export to avoid the high costs of doing business in a home country with hostile institutions. Specifically, we argue that new ventures will export more when (1) their home countries have more government corruption problems, (2) managers have to spend more time with government officials for accessing public services, and (3) the proportion of ownership owned by foreign companies is high. Using a sample of 719 new ventures in 25 transition economies in Central and Eastern Europe (CEE), we find supportive results. We conclude that new ventures’ export strategy is tied to the costs of doing business in their home country institutions.

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Notes

  1. The survey questions and data can be downloaded from.

    http://web.worldbank.org/WBSITE/EXTERNAL/WBI/EXTWBIGOVANTCOR/0,,contentMDK:20711397~menuPK:1928482~pagePK:64168445~piPK:64168309~theSitePK:1740530,00.html. (Retrieved on 03/08/2014)

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Authors and Affiliations

  1. Xavier University, 1002 Francis Xavier Way, Cincinnati, OH, 45207, USA

    Mina Lee

  2. City University of New York, Baruch College, One Bernard Baruch Way, New York, NY, 10010, USA

    Xiaoli Yin

  3. University of Texas Dallas, P.O. Box 830688, SM43, Richardson, TX, 75080, USA

    Seunghyun Lee & Michael Peng

  4. City University of Hong Kong, 8104 Academic 2, Kowloon, Hong Kong

    David H Weng

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Lee, M., Yin, X., Lee, S. et al. The impact of home country institutions on new venture export: examining new ventures in transition economies. Int Entrep Manag J 11, 823–848 (2015). https://doi.org/10.1007/s11365-014-0316-5

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