Please use this identifier to cite or link to this item: http://archive.cmb.ac.lk:8080/xmlui/handle/70130/7285
Title: Internationalisation of SMEs: Critical Review of Theories and Antecedents
Authors: Lakshman, Duleepa
Kumarasinghe, P.J.
Weerasinghe, R.N.
Keywords: Capabilities
Firm Age
Firm Specific Resources
Firm Size
Internationalisation
Small and Medium Enterprises
Issue Date: 2022
Publisher: University of Sri Jayewardenepura
Citation: Lakshman, D., Kumarasinghe, J., Weerasinghe, R. (2022). Internationalisation of SMEs: Critical Review of Theories and Antecedents. Proceedings of the 18th International Conference on Business Management- 2021, 18, 1–45. https://doi.org/https://doi.org/10.31357/icbm.v18.5834
Abstract: Scholars have paid close attention to developing several theories for internationalisation of small and medium-sized enterprises. These theories explain the firm strategic directions and the gradual process of international expansion. This theoretical literature review aims at comprehensively examining the wide array of literature relating to theories of SME internationalisation and the antecedents of internationalisation. This study looks at the connections and contrasts between twelve internationalisation theories, discusses their shortcomings and provides theory-based insights to SMEs in understanding the internationalisation process. Further, this paper examines ten different antecedents of SME internationalisation and how various researchers measure the impact of the identified antecedents on internationalisation. According to the literature analysis, it has been identified that the majority of the SME internationalisation studies are done in developed countries. Moreover, most of the internationalisation theories are built in developed countries by observing the behaviour of large firms. Hence, these theories and models may not be sufficient to explain SME success in developing and emerging markets. Furthermore, companies currently use many strategic approaches (such as joint ventures, strategic alliances) to internationalise their operations. As a result, it is argued that the existing internationalisation-based literature and theories are insufficient to explain the internationalisation of SMEs in developing countries.
URI: https://doi.org/https://doi.org/10.31357/icbm.v18.5834
http://archive.cmb.ac.lk:8080/xmlui/handle/70130/7285
Appears in Collections:Department of International Business

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