A dynamic perspective to the internationalization of small-medium enterprises |
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Authors: | Wagner A Kamakura María A Ramón-Jerónimo Julio D Vecino Gravel |
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Institution: | 1.Fuqua School of Business,Duke University,Durham,USA;2.Pablo de Olavide University,Seville,Spain;3.Department of Business Administration and Marketing,University of Seville,Seville,Spain |
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Abstract: | Despite the fact that the dominant theories of the internationalization of small-medium enterprises (SMEs) prescribe a dynamic
and evolutionary process for the firm, most of the empirical research on this topic has been based on in-depth studies of
a few cases, or cross-sectional surveys, which cannot capture the dynamic nature of exporting decisions that occur over many
years. In this study we propose an empirical framework for studying the internationalization of SMEs that: (a) identifies
latent internationalization stages based on multiple indicators of the firms’ engagement and strategies in foreign markets
over multiple years, and (b) analyses the firms’ movements among these latent states over time, as a function of main characteristics
of the firms and their markets at each point in time. |
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Keywords: | |
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