The Growth Challenge of Western SMES in Emerging Markets: An Exploratory Framework and Policy Implications

Mitja Ruzzier, Yusaf H. Akbar, Guido Bortoluzzi and Andrea Tracogna
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Mitja Ruzzier: University of Primorska, Slovenia
Yusaf H. Akbar: Central European University, Hungary
Guido Bortoluzzi: University of Trieste, Italy
Andrea Tracogna: University of Trieste, Italy

Managing Global Transitions, 2017, vol. 15, issue 3 (Fall), 291-314

Abstract: In this paper, we explore the main inhibiting factors associated with the process of entry and escalation of SMES in international markets, with a focus on Emerging Markets. We identify and propose seven main categories of Institutional Voids and three main types of resources that may critically determine SMES’ performances on EMS, namely, internationalization knowledge, social capital resources and marketing capabilities. Institutional Voids and resources are brought together within a conceptual framework suggesting that resource-scarce SMES will hold back in their attempts to commit further to Emerging Markets and will be further dissuaded the higher the Institutional Voids in the market. The paper contributes to the policy literature on SME internationalization by focusing on two areas of public policy action that could have a clear and manifest impact on SMES conduct in Emerging Markets, the first related to the resources available to and exploitable by SMES and the latter associated with Institutional Voids.

Keywords: SMES; emerging markets; institutional voids; resources (search for similar items in EconPapers)
JEL-codes: F23 M16 O31 (search for similar items in EconPapers)
Date: 2017
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DOI: 10.26493/1854-6935.15.291-314

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