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Where angels fear to tread: internationalization of emerging country SMEs

Ketkar, Sonia and Acs, Zoltan J. (2013) Where angels fear to tread: internationalization of emerging country SMEs. Journal of International Entrepreneurship, 11 (3). pp. 201-219. ISSN 1570-7385

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Identification Number: 10.1007/s10843-013-0107-z

Abstract

Based on institutional theory and risk perspectives, this study examines how the entrepreneurial orientation of firms as determined by national cultural factors is related to the internationalization of small- and medium-sized enterprises (SMEs) from emerging and developing countries. We also suggest that institutional improvements can have a moderating effect on the relationship between culture and internationalization. We develop a unique measure of internationalization and test it on a sample of 7,212 SMEs from 36 developing countries using a multilevel linear hierarchical model that allows us to examine both firm- and country-level effects. We find that developed institutions support the internationalization of SMEs from more masculine and individualistic cultures.

Item Type: Article
Official URL: http://link.springer.com/journal/10843
Additional Information: © 2013 Springer Science+Business Media
Divisions: Management
Subjects: H Social Sciences > HB Economic Theory
JEL classification: D - Microeconomics > D0 - General
Sets: Departments > Management
Date Deposited: 09 Apr 2014 10:01
Last Modified: 19 Nov 2019 11:17
URI: http://eprints.lse.ac.uk/id/eprint/56434

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