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Internationalization of Central and Eastern European companies – theory and its implications in the Slovak IT sector

Sonia Ferencikova and Tatiana Hluskova

Journal of East European Management Studies, 2015, vol. 20, issue 4, 415-434

Abstract: The authors studied whether the existing internationalization theories are relevant to the companies from CEE that started the internationalization process differently from Western Europe and the USA. In order to do so, they first analyzed the major theories and explain their implications for CEE companies. Secondly, the authors chose a sample of four Slovak start-ups in the IT sector and tested the existing theories on them. They concluded that these theories explain the internationalization patterns rather satisfactorily. The Uppsala model of an incremental commitment was found in the sample. However, the researchers claim that the combination of a resource-based view with the International New Venture theory seems to be the most promising theoretical approach that can be further developed and enriched in the conditions of small, former transitional, resource-scarce and extremely open economies.

Keywords: Internationalization; Central and Eastern Europe; Slovak IT sector; small and medium-sized enterprises; start-ups (search for similar items in EconPapers)
JEL-codes: F23 M13 (search for similar items in EconPapers)
Date: 2015
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