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- W3121216712 abstract "Internationalization among small- andmedium-sized enterprises (SMEs) has been the focus of numerous studies. Thiswork expands upon the previous research by examining internationalization froman approach that combines both behavioral theory, including organizationallearning, and the new venture theory of internationalization. To test the hypotheses derived from this theoretical framework, a sample of92 firms is selected in 2000 from a database created by the Center ofEntrepreneurship at the Vlerick Leuven Gent Management School in Belgium.Firms included in the sample are independent of large corporations andare owner-managed. In addition, 1999 sales data from a database of theNational Bank of Belgium is utilized. Several factors were measured,including internationalization intent, international learning effort, domesticlearning effort, and entrepreneurial orientation of the firm. The analyses indicate the following findings: seeking and expandingknowledge of foreign markets and the internationalizaiton process may increaseinternationalization by impacting assessments of available opportunities; firmsthat are willing to take bold risks -- i.e., with an entrepreneurial mindset --are more likely to develop a long term international presence; andinternational and domestic learning activities (environmental scanning,intelligence about competitors) are often similarly related to entrepreneurialorientation. However, firms that invest more in domestic rather thaninternationallearning activities are less likely to internationalize,which may impede the firm's long-term accomplishments. (AKP)" @default.
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- W3121216712 date "2005-01-01" @default.
- W3121216712 modified "2023-09-26" @default.
- W3121216712 title "The Internationalization of Small and Medium-Sized Firms" @default.
- W3121216712 hasPublicationYear "2005" @default.
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