Abstract
We advance research on geographic diversification by joining insights from imprinting theory in organizations to offer a novel theory of new venture diversification strategies. We propose that geographic diversification strategies of new ventures resemble those of their founders’ prior employers, reinforcing the central imprinting role that founders’ prior employment plays for new ventures. Furthermore, we hypothesize that founders’ position at their prior employers reinforces, while new venture’s age weakens, the prior employer-led geographic diversification effect. We test our hypotheses using a longitudinal dataset of Swedish new ventures that exports early in their lifecycle.
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