Internationalization of Lithuanian SMEs: Investigation of Barriers and Motives

Korsakienė, Renata

doi:10.7250/eb.2014.020

Cited by 12 publications

(6 citation statements)

References 34 publications

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“…Many authors have focused in this issue recently, yet often with rather opposing views. For instance Fetisovová et al (2012) and other researchers (namely Korsakiene, 2014;Ahmedova, 2015 and others) have been for a long time pointing to the fact that difficult access to external sources of financing is an important barrier to running an SME.…”

Section: Resultsmentioning

confidence: 99%

Important factors of financial risk in the SME segment

Belás¹,

Dvorský²,

Kubálek³

et al. 2018

Journal of International Studies

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The aim of the article is to define and quantify the significant factors which influence the intensity of financial risk, and to compare the perception of financial risk among groups of entrepreneurs in the SME segment according to their motivations for starting a business. In relation with the aims defined under this research, we carried out a survey of the entrepreneurial environment of SMEs in 2015, using a sample of 1,141 respondents (the owners of the enterprises). We used Z-score and regression analysis to assess our hypotheses.

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Section: Resultsmentioning

confidence: 99%

Important factors of financial risk in the SME segment

Belás¹,

Dvorský²,

Kubálek³

et al. 2018

Journal of International Studies

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“…SMEs' resources are essential for supporting their internationalisation process. SMEs cannot compete with larger firms without sufficient resources (Korsakiene, 2014;Michael et al, 2016). A lack of resources has been identified as the main barrier facing SMEs in obtaining access to the international market (Hutchinson et al, 2009).…”

Section: Resource-based Viewmentioning

confidence: 99%

“…Network theory emphasises that firm internationalisation is driven by the linkages and relationships between SME managers or owners and members of networks (Korsakiene, 2014). Intra-and interorganisational networks are critical for a successful internationalisation process (Bose, 2016).…”

Section: Network Theorymentioning

confidence: 99%

“…Intra-and interorganisational networks are critical for a successful internationalisation process (Bose, 2016). Network theory assumes that interactions with various parties provide SMEs with access to knowledge that affects their ability to expand into foreign markets (Hughes et al, 2019;Korsakiene, 2014). Networks allow SMEs to identify and exploit opportunities, including opportunities in foreign markets (Johanson & Vahlne, 2009).…”

Section: Network Theorymentioning

confidence: 99%

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Critical success factors for the internationalisation of small–medium enterprises in indonesia

Handoyo

Yudianto

Fitriyah

2021

Cogent Business & Management

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The purpose of this study was to identify critical success factors (CSFs) for Indonesian small-medium enterprises (SMEs) accessing international markets. The study used the resource-based view, the knowledge-based view, and network theory as a theoretical framework to assess CSFs. The population consisted of Indonesian exporting SMEs registered with the Indonesian Ministry of Cooperatives and Small Businesses. The total sample contained 153 SME exporters, which were selected using convenience sampling techniques. Paper-based and electronic questionnaire instruments were used to collect the data. The questionnaires were distributed through small-medium enterprises' export networks and to SME respondents at an international trade exhibition. Factor analyses, namely exploratory factor analysis (EFA) and confirmatory factor analysis (CFA), were applied. The research findings revealed that international market knowledge, product innovation knowledge, and institutional networking are critical success factors for the internationalisation of small-medium enterprises in Indonesia. The study contributes by enriching the body of knowledge regarding firm internationalisation theory and providing valuable information for understanding small-medium enterprises' internationalisation in an emerging country such as Indonesia.

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“…Intense competition, technological changes, globalization affecting demand of consumers, economic and political changes impact managers' decisions to take greater risks and to expand firms' activities abroad. Internationalization of firms is regarded as an important measure of competitive performance at both national and regional levels (Korsakiene, 2015). Compared with domestic business, transaction costs are higher in international business.…”

Section: Introductionmentioning

confidence: 99%

International Transport Companies in the Baltic Countries: Internationalization Motives and Barriers

Trinkunienė

Aksomitienė

2017

SIE

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Internationalization of companies is a necessity on purpose to play an active role in the international market and maintain a competitive advantage. The presented paper aims to reveal barriers and motives for a company‘s internationalization in the Baltic countries. The perceptions of internationalized and non-internationalized firms were assessed. The paper reveals the main motives and barriers of foreign transport and logistics companies for internationalization. All the Baltic countries compete for DFI and seek to demonstrate that they are ideal locations for foreign transport and logistics companies to establish an enterprise or choose another internationalization mode. The authors disclosed why service firms internationalize to the Baltic countries. The main attractiveness factors of the transport and logistics market in the Baltic countries, internationalization motives and barriers were compared. The framework has been approved by Scandinavian and Central European transport companies that have expanded their business in the Baltic countries. Theoretical and empirical results are beneficial for transport companies seeking to internationalize their activities in Lithuania, Latvia or Estonia.

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Internationalization of Lithuanian SMEs: Investigation of Barriers and Motives

Cited by 12 publications

References 34 publications

Important factors of financial risk in the SME segment

Important factors of financial risk in the SME segment

Critical success factors for the internationalisation of small–medium enterprises in indonesia

International Transport Companies in the Baltic Countries: Internationalization Motives and Barriers

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