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Staying in or stepping out? Growth strategies of second-generation immigrant entrepreneurs
Ist Teil von
International business review, 2022-10, Vol.31 (5), p.101997, Article 101997
Ort / Verlag
Elsevier Ltd
Erscheinungsjahr
2022
Quelle
Access via ScienceDirect (Elsevier)
Beschreibungen/Notizen
Second generation immigrant entrepreneurs (SGIEs) in developed economies have contributed to the emergence of new areas of business activity, especially in information technology, business services, and creative industries. An understanding of their growth strategies can shed light on the role of individual immigrants in the founding of potentially global firms competing with large multinational enterprises. Based on eleven case studies of SGIEs of Indian origin in the UK, our findings reveal that SGIEs are heterogeneous in their growth strategies contingent on their a) founding or succession context, and b) use of social ties. Founder SGIEs combining non-co-ethnic ties with non-family co-ethnic ties geographically expand outward to other foreign countries, including their country of origin. In contrast, successor SGIEs combining non-co-ethnic ties with family ties expand their product/ service scope within the UK; they exploit foreign market links, including their country of origin, to source supplies or customers through inward internationalization. These findings contribute to the immigrant entrepreneurship, international business and international entrepreneurship literatures.
•SGIEs’ growth strategies are contingent on their founding or succession context and use of social ties.•Founder SGIEs expand outward into foreign markets including their country of origin.•Successor SGIEs expand their product/ service scope within their country of residence.•Founder SGIEs combine non-co-ethnic and non-family co-ethnic ties for outward internationalization.•Successor SGIEs combine non-co-ethnic and family ties for inward internationalization.