ABSTRACT
According to numerous authors, the success of a venture in international markets is often related to the entrepreneur’s or manager’s orientations and intentions towards risk-taking and internationalization (Zahra and Covin 1995, Cliff 1998, Leonidou et al. 1998, Zahra and Garvis 2000, Harveston et al. 2002, Wiklund and Shepherd 2005, Hutchinson et al. 2006). Their innovative and proactive risk-taking behavior (Lumpkin and Dess 1996) is often infl uenced by prior experience, such as travel, having been born abroad, an international education or work background, access to global networks, or foreign language skills (Aaby and Slater 1989, Coviello and Munro 1997, Madsen and Servais 1997, Welch and Welch 1996).
