Where Angels Fear to Tread: Internationalization of Emerging Country SMEs

Sonia Ketkar and Zoltan Acs

Journal of International Entrepreneurship, 2013, vol. 11, issue 3, 219 pages

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. Copyright Springer Science+Business Media New York 2013

Keywords: Culture; Hierarchical linear modeling; SMEs; Emerging markets; Institutions (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (6)

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Chapter: Where Angels Fear to Tread: Internationalization of Emerging Country SMEs (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:kap:jinten:v:11:y:2013:i:3:p:201-219

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DOI: 10.1007/s10843-013-0107-z

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