Abstract

Transition economies are critically reliant upon the growth of new ventures to spur economic growth and employment. Most scholars have focused on the survival and performance of such ventures in the context of economic transition with few studies focusing on whether and how new ventures in transition economies grow beyond their domestic markets to compete globally. The importance of social networks as means of facilitating firm survival and performance in transition has been widely investigated and results suggest that the greater the environmental uncertainty the more entrepreneurs will rely on their social ties. Despite these advances in the extant literature, the role of networks in new venture internationalization is still vaguely defined.

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