The impact of transport costs on new venture internationalisation |
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Authors: | Wim Naud�� Marianne Matthee |
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Institution: | (1) World Institute for Development Economics Research, United Nations University, Katajanokanlaituri 6b, Helsinki, 00160, Finland;(2) School of Economics, North-West University (Potchefstroom Campus), Potchefstroom, South Africa |
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Abstract: | This paper investigates the importance of transport costs in new venture internationalisation, i.e. of firms that start exporting
before they are 3 years of age. It does so by merging two large international datasets, on the firm level (covering 49,584
firms) as well as on the country level (covering 154 countries). It is found that transport costs matter significantly for
new venture internationalisation, for older firms’ decision to export, as well as the extent of the latter’s subsequent exports.
Export costs, the quality of transport infrastructure and domestic logistics costs affect new venture internationalisation
even when controlling for a range of standard determinants. New international ventures behave differently from older firms
in two important ways: (1) Transport costs affect the probability that they will export but not the extent of their subsequent
exports and (2) their probability of exporting is affected negatively by their networking, domestic success and ISO status,
whilst in the case of older firms, these factors have a positive impact. Various recommendations for policy and further research
are made. |
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Keywords: | |
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