The survival of international new ventures

Ram Mudambi, Shaker A. Zahra

Research output: Contribution to journalArticlepeer-review

241 Scopus citations


International new ventures (INVs) are a popular mode of entry into foreign markets. INVs, those companies that enter foreign markets at inception, often suffer the two liabilities of newness and foreignness, which may increase the odds of their failure. This paper empirically examines the survival of INVs by comparing them with other sequential modes of international operations (e.g., acquisitions). Data from 275 British firms show that INVs have lower unconditional survival probabilities than other modes of foreign market entry. Our analyses also show that differences in survival probabilities disappear when the firms' competitive strategies are considered.

Original languageEnglish (US)
Pages (from-to)333-352
Number of pages20
JournalJournal of International Business Studies
Issue number2
StatePublished - Mar 1 2007


  • Firm survival
  • International new ventures
  • Multinational firms

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