This paper examines the influence of firm rivalry within an industry on the internationalization of new ventures in an emerging economy. Drawing on industrial organization and institutional theories, it was hypothesized that the influence of industry concentration (an index of firm rivalry) on new venture internationalization changes with the deepening of economic liberalization processes. An analysis of new ventures from 67 Indian industries from 1996 to 2014 suggests that the relation between industry concentration and new venture internationalization shifts gradually from a U-shaped relation to an inverted U-shaped relation during this time period. Implications for the generalizability of research in an emerging economy across time are discussed.

中文翻译：

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新兴经济体中新企业的国际化：行业集中度的转变

本文考察了一个行业内的企业竞争对新兴经济体中新企业国际化的影响。借鉴产业组织和制度理论，假设产业集中度（企业竞争指数）对新创企业国际化的影响随着经济自由化进程的深化而发生变化。对 1996 年至 2014 年印度 67 个行业的新创企业的分析表明，在此期间，行业集中度与新创企业国际化之间的关系从 U 型关系逐渐转变为倒 U 型关系。讨论了新兴经济体研究的普遍性随时间变化的影响。