We argue that the anti‐immigrant backlash sparked by globalization's skeptics isolates U.S. minority entrepreneurs as outsiders, which constrains their domestic business opportunities. In response, these entrepreneurs leverage their shared ethnic identities as insiders within diaspora networks to pursue international expansion opportunities focused on their countries or regions of origin. We hypothesize that diasporas imprint minority entrepreneurs with risk preferences that reduce their skepticism about globalization, while increasing their caution about overcommitting resources. Analyzing over 20,000 U.S. small businesses, we find evidence that minority entrepreneurs' firms prefer to leapfrog into markets, mitigate risks via contractual and bounded commitments, and target countries that are more ethnically and linguistically fractionalized. We extend internationalization process research with theory and evidence about how diasporas influence firm‐level strategic risk management decisions.

中文翻译：

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对抗全球化的怀疑论者：散居者如何影响少数族裔企业的国际化偏好

我们认为，全球化的怀疑论者引发的反移民反弹将美国少数族裔企业家孤立为局外人，从而限制了他们的国内商机。作为回应，这些企业家利用他们共同的族裔身份作为散居海外网络中的内部人，寻求着眼于本国或原籍地区的国际扩张机会。我们假设，散居的人给少数族裔企业家留下了风险偏好，这些偏好降低了他们对全球化的怀疑，同时增加了他们对过度使用资源的警惕。通过对美国20,000多家小型企业进行分析，我们发现，少数族裔企业家的公司更愿意跳入市场，通过合同和有约束力的承诺降低风险，并针对在种族和语言上更加分散的国家/地区。我们使用有关散居者如何影响公司级战略风险管理决策的理论和证据来扩展国际化过程研究。