Strategic decision-making processes, international environmental munificence and the accelerated internationalization of SMEs

Andreas P. Petrou, Elias Hadjielias, Ioannis C. Thanos and Pavlos Dimitratos

International Business Review, 2020, vol. 29, issue 5

Abstract: Motivated by the paucity of studies examining the effects of strategic decision-making processes on accelerated internationalization, this study draws on the organizational information processing theory and the resource-based view of the firm to argue that procedural rationality and politicization have a negative effect on accelerated internationalization of SMEs. Using a sample of 176 internationalized Greek SMEs, the study finds that the procedural rationality and politicization of SMEs reduce the probability of accelerated internationalization. These relationships are more pronounced in munificent international environments, indicating that when accelerated internationalization is constrained by strategic decision-making processes, SMEs may miss opportunities in attractive international markets. The study contributes to the organizational information processing theory, to the literature on the speed of decisionmaking in SMEs, and to the literature on accelerated SME internationalization.

Keywords: Strategic decision-making processes; International environmental munificence; International entrepreneurship; Accelerated SME internationalization (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:iburev:v:29:y:2020:i:5:s0969593120300809

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DOI: 10.1016/j.ibusrev.2020.101735

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