By Henry Wai-Chung Yeung
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Additional info for Entrepreneurship and the Internationalisation of Asian Firms: An Institutional Perspective
How then can entrepreneurship emerge from these institutional arrangements? How do these structures provide budding entrepreneurs with the endowments and/or resources that form the initial foundation on which entrepreneurial activities are based? There are clearly diﬀerent levels of institutional structuring of entrepreneurship. g. transnational business networks) explain the dynamics and practice of transnational entrepreneurship. These important theoretical questions are addressed by an institutional analysis of the emergence of transnational entrepreneurship in this and the next subsections.
Human resources) has often led to strong involvement of the state in early industrialisation in these emerging countries (see the case of Hong Kong and Singapore in Chapter 2). g. 4). American ﬁrms, for example, have signiﬁcantly shorter-term shareholding and higher reliance on capital markets than German and Japanese ﬁrms. Second, institutional arrangements may inﬂuence the patterns of business formation and co-ordination. This is important insofar as entrepreneurship studies are concerned because business formation and venturing have been key research focuses in these studies.
The Nature of Transnational Entrepreneurship In this book, I deﬁne a transnational entrepreneur as a social actor capable of bearing risks and taking strategic initiatives to establish, integrate, and sustain foreign operations. This transnational entrepreneur is more than a bearer of mechanism of change at the abstract level. He/she has internalised certain exceptional qualities (cf. the psychological view) and his/her strategic action is facilitated by the repertoire and network of resources in which he/she is embedded (cf.
Entrepreneurship and the Internationalisation of Asian Firms: An Institutional Perspective by Henry Wai-Chung Yeung