Explaining differences in internationalization between emerging and developed economy born global firms: A systematic literature review and the way forward

Abstract

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.

Metadata

Item Type:	Article
Authors/Creators:	Manohar, A. Lioliou, E. Prevezer, M. Saridakis, G.
Copyright, Publisher and Additional Information:	© 2024 British Academy of Management and John Wiley & Sons Ltd. This is the peer reviewed version of the following article: Manohar, A., Lioliou, E., Prevezer, M. & Saridakis, G. (2024) Explaining differences in internationalization between emerging and developed economy born global firms: a systematic literature review and the way forward. International Journal of Management Reviews, 1–25, which has been published in final form at https://doi.org/10.1111/ijmr.12378. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Use of Self-Archived Versions. This article may not be enhanced, enriched or otherwise transformed into a derivative work, without express permission from Wiley or by statutory rights under applicable legislation. Copyright notices must not be removed, obscured or modified. The article must be linked to Wiley’s version of record on Wiley Online Library and any embedding, framing or otherwise making available the article or pages thereof by third parties from platforms, services and websites other than Wiley Online Library must be prohibited.
Dates:	Published (online): 19 August 2024 Accepted: 22 July 2024
Institution:	The University of Leeds
Academic Units:	The University of Leeds > Faculty of Business (Leeds) > International Business Division (LUBS) (Leeds)
Depositing User:	Symplectic Publications
Date Deposited:	22 Aug 2024 12:24
Last Modified:	22 Aug 2024 12:24
Status:	Published online
Publisher:	Wiley
Identification Number:	10.1111/ijmr.12378
Open Archives Initiative ID (OAI ID):	oai:eprints.whiterose.ac.uk:216335

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Explaining differences in internationalization between emerging and developed economy born global firms: A systematic literature review and the way forward

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