Current Issues in International Entrepreneurship
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Current Issues in International Entrepreneurship

  • The McGill International Entrepreneurship series

Edited by Hamid Etemad, Tage Koed Madsen, Erik S. Rasmussen and Per Servais

The young field of international entrepreneurship is rapidly expanding in scope and complexity, as increasingly more companies across the world compete to gain a larger global market share and attract consumers both at home and abroad. This book, the fifth volume in the McGill International Entrepreneurship series, brings together 29 scholars and practitioners to explore the contemporary issues, evolving relations and dynamic forces that are shaping the new emerging entrepreneurial system in international markets. It examines entrepreneurial efforts and relations in many firms embedded in and constrained by different national and corporate cultures of their own and offers expert recommendations for further research, better managerial practice and more effective public policy approaches.
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Chapter 6: Internationalization of SMEs from transition economies: institutional perspectives

Galina Shirokova and Tatyana Tsukanova

Extract

Internationalization of small and medium-sized enterprises (SMEs) has been actively studied in terms of international entrepreneurship since the 1990s (Coviello and McAuley, 1999; De Clercq, et al., 2005; Cieslik and Kaciak, 2009). The key assumption for understanding internationalization is as follows: in comparison with large companies the probability of SMEs’ internationalization is much lower because they are often constrained by scarce resources (Hollenstein, 2005). The research on internationalization determinants influencing SMEs includes the analysis of the impact of learning-oriented factors on firm readiness to enter a foreign market (Autio et al., 2000; Burpitt and Rondinelli, 2000; De Clercq et al., 2005); the analysis of social and business entrepreneurial networks during the process of internationalization (Yli-Renko et al., 2002; Kiss and Danis, 2010; Musteen et al., 2010; Tolstoy 2010; Ellis, 2011); the analysis of the impact of firms’ internal capabilities and resources on internationalization (Yiu et al., 2007; Hessels and Terjesen, 2010) and other factors. Concurrently, scholars pay more attention to the influence of institutional context and national business conditions on the speed and degree of SMEs’ internationalization (Descotes et al., 2007; Yamakawa et al., 2008; Cieslik and Kaciak, 2009).

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