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A Dynamic Perspective to the Internationalization of Small-Medium Enterprises

Kamakura, Wagner A., Ramon-Jeronimo, Maria Angeles and Gravel, Julio Vecino, A Dynamic Perspective to the Internationalization of Small-Medium Enterprises (June 19, 2011). J. of the Acad. Mark. Sci. (2012) 40:236-251.

16 Pages Posted: 12 Feb 2014 Last revised: 2 Apr 2014

Wagner A. Kamakura

Rice University

Maria Angeles Ramon-Jeronimo

Universidad Pablo de Olavide

Julio Vecino Gravel

University of Seville

Date Written: June 19, 2011

Abstract

Despite the fact that the dominant theories of the internationalization of small-medium enterprises (SMEs) prescribe a dynamic and evolutionary process for the firm, most of the empirical research on this topic has been based on in-depth studies of a few cases, or cross-sectional surveys, which cannot capture the dynamic nature of exporting decisions that occur over many years. In this study we propose an empirical framework for studying the internationalization of SMEs that: (a) identifies latent internationalization stages based on multiple indicators of the firms’ engagement and strategies in foreign markets over multiple years, and (b) analyses the firms’ movements among these latent states over time, as a function of main characteristics of the firms and their markets at each point in time.

Keywords: Globalization, Small-medium enterprises, Internationalization, Exporting, Foreign diversification

Suggested Citation

Kamakura, Wagner A. and Ramon-Jeronimo, Maria Angeles and Gravel, Julio Vecino, A Dynamic Perspective to the Internationalization of Small-Medium Enterprises (June 19, 2011). Kamakura, Wagner A., Ramon-Jeronimo, Maria Angeles and Gravel, Julio Vecino, A Dynamic Perspective to the Internationalization of Small-Medium Enterprises (June 19, 2011). J. of the Acad. Mark. Sci. (2012) 40:236-251.. Available at SSRN: https://ssrn.com/abstract=2392564

Wagner A. Kamakura (Contact Author)

Rice University ( email )

6100 South Main Street
P.O. Box 1892
Houston, TX 77005-1892
United States
(713) 348-6307 (Phone)

Maria Angeles Ramon-Jeronimo

Universidad Pablo de Olavide ( email )

Ctra. Utrera, Km.1
Sevilla, Seville 41010
Spain

Julio Vecino Gravel

University of Seville ( email )

Avda. del Cid s/n
Sevilla, Sevilla 41004
Spain

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