Reasons for Internationalization from the Inv (International New Venture) Theory

Resumen

For decades, terms such as born global, global start-up or international new venture are being used by different researchers to define a new kind of companies, mainly characterized by projecting their activities abroad from their creation. Nevertheless, very few studies have been focused on the identification and analysis of the possible differences in reasons to internationalization between traditional companies and international new venture companies. Therefore, from reasons to internationalization approach, the main goal of this research is to identify the reasons to internationalization profile of born global companies, and compare this profile with the profile of traditional companies. The application of a multivariate analysis to a sample of 406 Spanish companies that had participated in the PIPE program evident the significant existence of a differentiated reasons for the two kinds of companies under study, mainly growth, profitability, product diversification and perceived benefits.