This article aims to gain a better understanding of the relationship between economic recession and entrepreneurship. The process of entrepreneurship, rather than the action itself, is a complex phenomenon, and such complexity surfaces when local context conditions worsen after an economic...

Although export-oriented new ventures and the field of international entrepreneurship have received considerable attention by scholars during the last decade (Oviatt and McDougla, 2005), their potential economic impact has not been sufficiently analyzed yet. To the best of our knowledge, no...

The emergence of new ventures that from inception use resources and sell their goods and services in multiple foreign markets has challenged traditional theories explaining the internationalization of a firm as a stage process (Oviatt & McDougall, 1994). Different factors have been identified to...