Founder ethnic composition, early internationalization, and new venture performance

Guohua Jiang*, Masaaki Kotabe, Feng Zhang

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

3 Citations (Scopus)


This study empirically examines the role of founder ethnic composition in international new venture (INV) strategy choice and performance. We find that new ventures with more immigrant entrepreneurs on the founding team have an advantage of pursuing an INV strategy to generate higher revenues. Moreover, new ventures with an ethnically diversified founding team tend to achieve higher revenues and profits. Our findings suggest that immigrant entrepreneurs can align available immigrant resources with their new ventures’ international strategy to increase venture performance. This study contributes to both immigrant and international entrepreneurship literature. Managerial and policy implications are also discussed.

Original languageEnglish
Pages (from-to)419-443
Number of pages25
JournalJournal of International Entrepreneurship
Issue number4
Publication statusPublished - 2020 Dec
Externally publishedYes


  • Founding team composition
  • Immigrants
  • INV strategy
  • New venture performance

ASJC Scopus subject areas

  • Business, Management and Accounting (miscellaneous)


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