Internationalisation, risk-taking and export compliance: a comparative study between economically advanced and developing country

Abstract

The global economy involves enormous internationalisation activities that provide untapped opportunities for entrepreneurs and businesses. This research aims to explore the essence of these phenomena in the international business economy and investigate the consequence of the failure to comply with the international regulations as the potential risk that firms might face in their global activities. Similarly, this paper aims to explore the risk-taking practices of small ventures in Italy and Iran. Consequently, the methodology of this paper relies on the multiple case studies, in which the data were gathered through conducting interviews with the CEO/s managers of small and medium-sized enterprises (SMEs) in Italy and Iran. The result of this study compares Italian versus Iranian businesses in regards to the concept of risk-taking and export compliance and introduces the context-based, universal and ineffective factors.