Purpose

The purpose of this paper is to critically review and synthesize the articles on determinants of international new venture (INV) performance to identify the research gaps in this area and develop a future research agenda.

Design/methodology/approach

Adopting a semi-systematic review approach with a fucus on using a vote-counting technique, this paper reviews 99 journal articles published between 1994 and 2019 to assess the determinants of INV performance.

Findings

The results indicate that the majority of the INV performance articles employ a clearly specified theoretical foundation, focus on INVs in developed economies and non-service sectors, identify numerous firm-level determinants of INV performance and use advanced statistical methods (e.g. structural equation modeling and panel data models). However, the research of INV performance is still limited by a lack of a broader integration of theories at different levels, inconsistent theoretical predictions and empirical results, knowledge gaps, and estimation biases (e.g. endogeneity).

Originality/value

INV performance has received increasing attention over recent decades, but this area is still characterized by fragmentation and inconsistency. This paper provides a comprehensive and nuanced review that synthesizes and clarifies our current knowledge on the determinants of INV performance, provides further discussion with deeper insights from both theoretical and methodological aspects, and points out some directions for future research.

中文翻译：

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国际新创企业业绩的决定因素：回顾和未来研究议程

目的

本文的目的是批判性地审查和综合有关国际新企业 (INV) 绩效决定因素的文章，以确定该领域的研究差距并制定未来的研究议程。

设计/方法/方法

本文采用半系统审查方法，重点关注使用计票技术，审查了 1994 年至 2019 年间发表的 99 篇期刊文章，以评估 INV 绩效的决定因素。

发现

结果表明，大多数 INV 绩效文章都采用了明确指定的理论基础，重点关注发达经济体和非服务部门的 INV，确定了 INV 绩效的众多企业层面的决定因素，并使用了先进的统计方法（例如结构方程模型和面板数据模型）。然而，由于缺乏不同层次的更广泛的理论整合、理论预测和实证结果不一致、知识差距和估计偏差（例如内生性），对 INV 性能的研究仍然受到限制。

原创性/价值

近几十年来，INV 性能受到越来越多的关注，但该领域的特点仍然是碎片化和不一致。本文提供了一个全面而细致的综述，综合并阐明了我们目前对 INV 性能决定因素的认识，提供了进一步的讨论，从理论和方法学方面提供了更深入的见解，并指出了未来研究的一些方向。