Resource-Based Approach to Internationalization of SMEs: Differences in Resource Bundles between Internationalized and Non-Internationalized Companies

Zagreb International Review for Economics and Business (ZIREB), 2006, Vol. 9, No. 2, pp. 95-116

22 Pages Posted: 15 Mar 2013  

Mitja Ruzzier

University of Primorska

Bostjan Antoncic

University of Primorska

Maja Konecnik Ruzzier

University of Ljubljana - Faculty of Economics

Date Written: March 14, 2013

Abstract

The resource-based approach is a new promising theoretical framework that is applied to the internationalisation of SMEs. Derived from strategic management it provides value-added theoretical propositions about the uniqueness of certain resources that have turned out to be critical for the internationalisation process of SMEs. This paper examines the differences in resource bundles (organisational, financial, and human and social) between internationalised and non-internationalised Slovenian SMEs. The findings are also controlled for the control variables of firm size and age from which valuable propositions and implications are derived for the entrepreneur and those policy-makers who want to increase the number of internationalised SMEs.

Keywords: internationalization, SMEs, resources, international entrepreneurship

JEL Classification: F23, M13, 015

Suggested Citation

Ruzzier, Mitja and Antoncic, Bostjan and Konecnik Ruzzier, Maja, Resource-Based Approach to Internationalization of SMEs: Differences in Resource Bundles between Internationalized and Non-Internationalized Companies (March 14, 2013). Zagreb International Review for Economics and Business (ZIREB), 2006, Vol. 9, No. 2, pp. 95-116. Available at SSRN: https://ssrn.com/abstract=2233727

Mitja Ruzzier

University of Primorska ( email )

Cankarjeva 5
Koper, SI-6000
Slovenia

Bostjan Antoncic

University of Primorska ( email )

Cankarjeva 5
Koper, SI-6000
Slovenia

Maja Konecnik Ruzzier (Contact Author)

University of Ljubljana - Faculty of Economics ( email )

Kardeljeva ploscad 17
Ljubljana, 1000
Slovenia

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