Abstract
The article summarizes major firm-level internationalization theories. Typically, the classical theories are based on internationalization patterns of firms from developed economies - the USA or Western Europe. In the search for potential differences, each major international theory is followed by its potential implications for CEE firms and relevant studies. The research objective of this paper is to study the major theories (current research) in order to test their applicability on the internationalization patterns of the Slovak SMEs (future research) given the nature of the origin of these companies coming from small, former transitional economy with low resources and negative made-in effect.
Highlights
The research objective of this paper is to study three main internationalization theories in order to formulate the implications of them for Central and Eastern European companies and to test their applicability on internationalization patterns of the local SMEs
With this respect and in the search for potential differences, each major internationalization theory is followed by its potential implications for CEE firms
The research objective of this paper is to study three chosen internationalization theories in order to test the applicability on internationalization patterns of CEE firms, as there could be differences given the nature of the origin of the companies coming from former, mostly small transitional economies with low resources and negative made-in effect
Summary
The article summarizes three major firm-level internationalization theories and points out their main research findings. The commonly cited theories are based on the internationalization patterns of firms emerging from advanced economies, like the US or Western Europe. With this respect and in the search for potential differences, each major internationalization theory is followed by its potential implications for CEE firms. A few selected internationalization studies with a CEE focus are analyzed as well In some cases, their authors must develop completely new research perspectives to explain the very specific local environments. The research objective of this paper is to study three chosen internationalization theories in order to test the applicability on internationalization patterns of CEE firms, as there could be differences given the nature of the origin of the companies coming from former, mostly small transitional economies with low resources and negative made-in effect. CEE region was chosen as a platform for this analysis due to its relatively short and turbulent story of the creation of market economy, originally on the fundamentals of the problematic socialist economy, and due to its differences to the developed countries based on the history of dramatic, fast, and deep changes in the society and economy, and lack of appropriate resources
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