International Journal of Finance, Insurance and Risk Management ISSN: 2047-0916

Enhancing SME Internationalization in a Transition Economy: The role of Internal Factors

Tsvetan Davidkov, Desislava Yordanova
International Journal of Finance, Insurance and Risk Management, Volume 5, Issue 3, 945, 2015
DOI: 10.35808/ijfirm/127


This study explores the internal factors that may enhance SME internationalization. It contributes to the field of international business by providing hypotheses about organizational and owner-manager’s characteristics which affect SME internationalization. Combining the Resource-Based View and the Upper Echelons Theory the study creates a more complete picture of the effect of organizational and owner-manager’s characteristics on the likelihood of SME internationalization. The proposed hypotheses are tested in a sample of Bulgarian SMEs offering empirical evidence about SME internationalization in a transition context and addressing the call for more research in this context.

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