The internationalization of new ventures from emerging economies to developed economies remains an unfilled gap at the intersection of the literature between international entrepreneurship and strategy in emerging economies. What drives some (but not all) new ventures from emerging economies to enter developed economies? We address this question by developing a comprehensive framework based on the three leading perspectives on strategy-industry-based, resource-based, and institution-based views. A series of propo-sitions are proposed to explore the underlying logic behind new ventures' entrepreneurial entries from emerging to developed economies.
This paper develops a model of the total level of capital raised by biotech IPOs based on the timing of the offering and the scientific capabilities of the firm. The results indicate a positive relationship between the amount of capital raised by an IPO and the timing of the offering and the scientific capabilities of the firm.
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