Abstract
The researchers have already recognized the importance of entrepreneurship, but the role of new venture internationalization is still a matter of research. This study is measuring the influence of education, age, technology, fear of failure, and competition on new venture internationalization. It based on the interviews of 3413 respondents from India done by the Global Entrepreneurship Monitor. The influence of various factors on new venture internationalization has been measured through logistic regression. The technology, fear of failure, and competition have a significantly positive influence on new venture internationalization. This is one of the inceptive studies to measure the impact of education, age, technology, fear of failure and competition on new venture internationalization.
Highlights
In India, the concept of internationalization had been developed with the beginning of the globalization of the economy
Research methodology The present research relies on the data which have been gathered by the Global Entrepreneurship Monitor (GEM)
The main objective of this study is to assess the effects of education, age, technology, fear of failure, and competition on new venture internationalization in 2015
Summary
In India, the concept of internationalization had been developed with the beginning of the globalization of the economy. Internationalization has a significant role in the growth of firms by increasing return on investment, providing a global platform for competition, the better quality of the product, and access to superior technology. It improves the economy as well by generating employment, increasing the flow of foreign exchange, and maintaining fiscal deficit by enhancing the flow of foreign exchange (Leonidou et al, 1998; Pinho, 2007; Sapienza et al, 2006). India liberalized its economic policies in 1991 and removed all the barriers to exports and imports for the promotion of trade growth for improving economic conditions (Javalgi & Ramsey, 2001)
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