China goes global: public policies' influence on small- and medium-sized enterprises' international expansion |
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Authors: | Guillermo Cardoza Ping Li Ning Xu Song Xu |
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Institution: | 1. I, NCAE Business School, La Garita, Alajuela, Costa Rica;2. School of Business, Shandong University of Technology, 88 Gongqingtuan Road, 255049Zibo City, Shandong, P.R. China;3. School of Business, Nanjing University, Anzhong Building, 16 Jinyin St in Shanghai Road, 21009322Nanjing, Jiangsu, P.R. China;4. School of International Business and Economics, Anhui University of Finance and Economics, 962 Caoshan Road, 233030Bengbu City, Anhui, P.R. China |
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Abstract: | Despite small- and medium-sized enterprises' (SMEs) significant contribution to China's social and economic development, very little has been written about the influence that public policies (i.e. public funding priorities and regulatory measures) may have on the first stage of international expansion of Chinese SMEs. To help fill this gap, the article analyses five main factors related to public policies and services affecting Chinese SMEs' internationalization: access to public financial resources; participation of the government in ownership; access to public procurement contracts; adverse regulatory and inconsistent legal frameworks; and public assistance on information and knowledge about markets. The main conclusion is that SMEs appear to base their international expansion on private capabilities, rather than on support from the government; in addition, the perceived barriers for the international expansion of these firms may be mainly internal, rather than institutional. |
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Keywords: | China emerging markets government intervention international expansion SMEs public policy |
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