01-10-2009 | Research Article
Understanding Decisions to Internationalize by Small and Medium-sized Firms Located in an Emerging Market
Published in: Management International Review | Issue 5/2009
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Abstract
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We examined perceptions differentiating key Colombian decisionmakers in 168 SMEs who decided to either internationalize or remain domestic. An integrative model compares managerial perceptions of competitive, macro-environmental and neo-institutional factors.
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Foreign MNEs in the home market significantly differentiated decisions to internationalize, as well as the presence of internationalizing domestic competitors, anticipated product acceptance, and internationalizing suppliers.
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The lack of findings for some institutional and macro-environmental factors may reflect important contextual features of the Colombian business environment.