Internationalization Of Enterprises Research Articles

MAPPING THE GLOBAL RESEARCH ON COMPETITIVENESS AND INTERNATIONALIZATION FOR SMALL AND MEDIUM ENTERPRISES

Develop a concept that enables proprietors of small and medium-sized enterprises (SMEs) to enter international markets more environmentally consciously, building upon the author's blueprint. A systematic literature review (SLR) investigates the complexity associated with the Internationalization of SMEs. The author complies with the following procedure: retrieve metadata from the top 35 papers tagged with the keywords internationalization, competitive advantage, and SMEs in Scopus (April 2024), sort the articles by citation count, and select reviews and SMEs as the focus of the discussion. Key players and determinants of competitive advantage for the Internationalization of SMEs are subsequently identified through bibliometric visualization and qualitative data analysis software (Biblioshiny, R Studio). The findings uncover the primary theories of Internationalization, prominent authors, reviews, and sources, and supplement Werner's determinant with several illustrative tables and graphs. The findings mentioned above demonstrate the growing significance of theories concerning competitive progress. Much work remains to be done regarding the Internationalization of small and medium-sized enterprises (SMEs), specifically about the factors contributing to a company's success in foreign markets and its establishment in the domestic market. For the future successful Internationalization of SMEs, a contribution to science is an update on pertinent topics and the identification of specific trends and gaps, including inter-theoretical integration, discourse variables, strategic fit versus opportunism, network theories concerning niche marketing, born-glocal strategies, and disruptive technologies

Crowdfunding and Social Capital: A Pathway for The Internationalization of MSMEs and Social Enterprises?

Micro and social entrepreneurs face multiple challenges, including limited access to funding, knowledge systems, networks, and markets, which limit the growth and development of their ventures. This study seeks to understand how the participation in crowdfunding and its utilization to internationalize can help micro and social enterprises address challenges through social capital. Through a narrative review of literature anchored on the resource-based and knowledge-based theories of the firm and the theory of social capital, this study finds that crowdfunding provides access to funding, knowledge systems, and networks. Moreover, the participation in crowdfunding provides access to large, international markets. However, despite these benefits, there remains challenges to micro and social enterprise participation in crowdfunding as there is low awareness and adoption in developing countries. Furthermore, there is still question on crowdfunding’s viability as an internationalization strategy. The study ends by identifying directions for future research.

Does fintech facilitate enterprise outward foreign direct investment? Evidence from China

We examine whether and how fintech affects OFDI decision making by using data on listed Chinese companies. We find that the development of regional fintech stimulates OFDI. This effect is more pronounced for firms without political connections, in the eastern region, with production-oriented OFDI and that are nonstate-owned. Fintech supports firms in carrying out OFDI through the mitigation of financing constraints and the promotion of technological innovation. We emphasize the role of technology-enabled financial innovation in the behavior of enterprise internationalization.

Potential, Challenges and Prospects: Internationalization of Small and Medium Enterprises (SMEs) in Malang Raya

This research aims to investigate issues related to the phenomenon of internationalization of SMEs in Malang Raya, analyze the potential and challenges faced, and formulate future prospects. The method used in this research is qualitative phenomenology. The results of this research are that internationalization has become an important strategy for Small and Medium Enterprises (SMEs) in various parts of the world, including in Malang Raya. Malang Raya, with its rapidly growing economic potential and product diversity, offers great opportunities for SMEs to expand their market reach to an international level. However, to achieve success in internationalization, SMEs in Malang Raya are faced with various challenges, including capital issues, human resource management, technology and market access.
 

Digital Technologies and the Internationalization of Small and Medium-Sized Enterprises

Small and medium-sized enterprises (SMEs) make important contributions to sustainable economic growth, employment, poverty alleviation, local development, and human wellbeing in developed and developing countries [...]

The role of cities in cross-border mergers and acquisitions — Evidence from China

This study explores the impact of an international friendship city, serving as diplomatic relations between cities, on the transaction time and equity ownership choice in cross-border mergers and acquisitions (CBMAs). Analyzing data from Chinese firms spanning the period 2001 to 2019, we discover a positive and significant correlation between the establishment of an international friendship city and shorter CBMAs duration and higher CBMAs share of equity. Further evidence suggests that the effect is more pronounced (a) in target countries that keep cooperative partnerships with China, (b) countries along the Belt and Road, and (c) state-owned enterprises (SOEs) acquirers. In addition, we identify effects at the provincial level, demonstrating a correlation between the number of international friendship cities and positive outcomes. Mechanism tests show that the subnational-level friendship relationship consolidates cultural exchange and lessens institutional barriers, thereby reducing the completion time and raising the ownership of acquirers. Drawing on political perspective, our results provide new insights into the important role of friendly diplomatic relations to cross-border investment for enterprises internationalization.

Managing big data and blockchain for enterprise internationalization process: Mediating role of dynamic accounting system capability

Abstract This study develops and confirms a model that examines the relationship between Big Data Analytics Capabilities (BDAC), Blockchain Technology (BT), and Internationalization Process (IP). It also requires various efforts to explore how Dynamic Accounting Information System Capability (DAISC) mediates the interconnections between BDAC, BT, and IP. This study focuses on small and medium enterprises (SMEs) in Vietnam, which are widely recognized as crucial to the Vietnamese economy. The current research utilized the hypothetico-deductive method. The proposed model's hypothesized linkages were based on a comprehensive evaluation of relevant literature and investigations. The statistics database was created using a paper-and-pencil survey distributed to 612 accountants in SMEs in southern Vietnam utilizing the convenient and snowball sampling technique. A covariance-based structural equation modelling approach was used to assess the measurement and structural models in this research due to its ability to offer a strong foundation for analyzing intricate linkages within a research framework. The outcome confirmed the significant and positive relationships between BDAC, BT, and IP. Concurrently, these relationships were partially influenced by DAISC. The practitioners would greatly benefit from detailed insights on the findings, as they would provide guidance on how to identify and take advantage of the growth opportunities afforded by digital technology. Moreover, the observations could provide policymakers with new insights on necessary policy measures to support the application of digital technologies and encourage the implementation of a dynamic accounting information system, which could result in significant benefits in the future.

Enhancing the Capacity of Certified SMEs Facilitators for the Internationalization of Aceh's Micro, Small, and Medium Enterprises

This community services aims to enhance the capabilities of certified SMEs facilitators from the Faculty of Economics and Business, Syiah Kuala University to internationalizing Aceh's Micro, Small, and Medium Enterprises (SMEs) through participation in the 19th Malaysia International Halal Showcase (MIHAS) 2023. That is not merely a journey to MIHAS; it is a strategic investment in building the competencies of facilitators who, in turn, become ambassadors of knowledge, aiding local SMEs enterprises in embracing internationalization with confidence and competence. Results showcase strengthened international networks and market reach, emphasizing the impactful role of university-community collaborations.

The longer, the farther? The internationalization of Chinese firms

Purpose This study aims to explore the internationalization of multinational enterprises (MNEs) from China and aims to examine the relationship between Chinese MNEs’ duration of internationalization and export intensity, and the contingent roles of the home country government. Design/methodology/approach By extending the springboard theory with institutional and cost-benefit analyses, the authors elaborate a two-phase framework of internationalization to explain how Chinese MNEs develop their international business under the influences of the home country government. Furthermore, the authors apply the Heckman two-stage method based on a panel data set of 19,994 firm-year observations of Chinese listed firms in 2008–2018 to test the hypotheses. Findings The research findings demonstrate an inverted U-shape relationship between the duration of internationalization and the export intensity of MNEs from China. The export intensity of MNEs from China increases during the initial phase of internationalization, and decreases during the subsequent. A further study reveals that the inverted U-shape of Chinese non-SOEs is steeper than that of SOEs, and this moderating effect is more salient after the Belt and Road Initiative. These results highlight the influence of the home government through state ownership and policies on the inverted U-shaped relationship. Originality/value This study helps to refine the understanding of Chinese MNEs’ global expansion by addressing time as an explicit dimension and revealing the mechanism of state ownership and the home country governmental policy in the dynamic internationalization process.

Analysis of the impact of China's OFDI on China's export trade

This article aims to analyze the impact of China's outward foreign direct investment (OFDI) on China's export trade. In theoretical analysis, the motives behind China's OFDI were explored, including seeking resources, expanding the market, enhancing technology and management capabilities, and promoting enterprise internationalization. In terms of positive impact, the positive impact of OFDI on expanding export markets, enhancing product competitiveness, and optimizing industrial structure was discussed. However, it also pointed out negative impacts such as backflow effects and trade protectionism. By taking Huawei's investment in the African market as a case study, this paper analyzes its impact on expanding export markets, upgrading technology, increasing export added value, and driving the development of related industries. In the analysis of influencing factors, multiple factors such as policies, markets, and industries were mentioned. Finally, policy recommendations for the development of OFDI from the perspectives of government, enterprises, and industry were proposed.

How Do Local Enterprises Give Full Play to Advantages and Transform into Internationalization A Case Study on Nongfu Spring

Under the trend of economic globalization, international trade is becoming increasingly frequent. Many benefits such as natural resources and technology can be pursued by enterprises. This means that enterprises can gain more opportunities in the international market. Internationalization of enterprises is an opportunity for further development, whether it is demand financing, improving technology, or expanding market size.Chinese enterprises do not have a first-mover advantage due to their late exposure to the international market, so the methods and tactics of their international transformation are more important. This article takes Nongfu Spring, a cutting-edge enterprise in Chinas mineral water and tea beverage industry, as an example to summarize its successful experience in the Chinese market and its replicable advantages in international transformation. This article also provides a comprehensive overview of the overall internationalization process of Chinese enterprises and provides specific plans for the companys international transformation, providing valuable experience for the internationalization of other ethnic enterprises in China.

On support from National Development Banks for the internationalisation of public Brazilian companies: it’s hard to say goodbye (to good companies)

ABSTRACT This article examines the relevance of National Development Banks (NDBs), taking as a reference the activity of Brazil’s BNDES (Banco Nacional de Desenvolvimento Econômico e Social) and its role in the internationalisation of State-Owned Enterprises (SOEs). NDBs cover market failures in access to financing for companies, and they promote the development of nascent industries. Within the business cycle, the key determination to be made is at what point NDBs should withdraw their support and reallocate resources to other developing industries and companies. Using operations databases from BNDES, this process is analysed by considering the different strategies followed by flagship Brazilian companies, including Vale, Embraer, and Petrobras.

Internationalization of enterprises and quality of financial reports in China: Moderating roles of audit committee characteristics

In the process of seeking sustainable development, enterprises have chosen international business strategy. The purpose of this study is to examine the relationship between the degree of internationalization of Chinese listed firms and financial reporting quality, as well as whether audit committees can moderate the impact of enterprise internationalization on financial reporting quality. The empirical analysis results of Chinese listed manufacturing firms from 2014 to 2018 show that: the degree of corporate internationalization has a significant U-shaped relationship with earnings management. This new finding solves the problem that scholars have inconsistent views on the internationalization of enterprises and the quality of financial reporting. The study also found that audit committees with experience working in accounting firms can inhibit firm earnings management behavior in the early stage of internationalization; audit committees with experience working overseas can inhibit firm earnings management behavior in the later stage of internationalization; the higher the remuneration of audit committee experts, the more it can inhibit firm earnings management behavior in the early stage of internationalization. In the later stage of internationalization, the higher the remuneration of audit committee experts, it helps the earnings management behavior of firms. This provides new evidence on the functioning of the audit committee’s role; however, the independence of the audit committee and the proportion of financial experts do not have a significant effect on the inhibition of earnings management.

The impact of the Belt and Road Initiative on green innovation and innovation modes: empirical evidence from Chinese listed enterprises

Under the Belt and Road Initiative (BRI), promoting green innovation in enterprises has been the central focus of the developmental strategy for China and countries along the Belt and Road to ensure sustainable development in line with the UN Sustainable Development Goals (SDGs) related to the environment and development. This paper examines the driving factors and heterogeneous mechanisms of the BRI in green technology innovation, especially in collaborative vs. independent innovation modes, utilizing a multi-period difference-in-difference model (DID) and micro-level panel data of Chinese listed enterprises spanning from 2007 to 2021. We find that the BRI has significantly stimulated the number of green innovations of participating enterprises, primarily through the adoption of collaborative innovation mode, and the BRI policies are more likely to induce green innovation behavior of enterprises with high research and development (R&D), high quality of environmental information disclosure, and non-state-owned enterprises (SOEs), as well as in heavy-polluting industries. The implementation of the BRI has led to increased support from the government, financial institutions, and scientific research organizations to the participating enterprises, which helps alleviate their financial constraints and enhance patent transformation efficiency, and thus facilitate green innovation. These results are robust across different regression specifications. This study contributes to the existing literature on BRI’s environmental impact and green innovation with firm-level evidence, and has important policy implications for the Chinese government when promoting green innovation and internationalization of Chinese enterprises.

ІНТЕРНАЦІОНАЛІЗАЦІЯ МАЛИХ ВЕНЧУРНИХ КОМПАНІЙ КРАЇН ЦЕНТРАЛЬНОЇ ТА СХІДНОЇ ЄВРОПИ: ОГЛЯД ЕМПІРИЧНИХ ДОСЛІДЖЕНЬ

The article highlights empirical studies of the internationalization of small venture enterprises in Central and Eastern European countries through the analysis of four prominent articles that reveal the motives and incentives, characteristics of the entrepreneur, the enterprise, the role of networks and the environment in the process of internationalization. It touches upon the most frequently used methods of confirmatory studies – case method and semi-structured interviews, looking at how these methods were applied in the leading studies of small venture internationalisation in the region conducted by Sekliuckiene, Nowiński and Rialp, Danik and Kowalik and Ferencikova and Hluskova. The study points to common features in the showcased studies – unfavourable market conditions of transition economies (vulnerable institutions, underdeveloped financial market), negative effects of the country of origin (biased attitude of domestic consumers and partners to local production), but a great role of innovation, market fit for international development and taking advantage of low cost of production and testing. It displays the way previous studies explored the role of networks – both personal and professional – in successful expansion abroad. At the same time, it showcases contrasting evidence for the role of previous international experience – pointing out differences between technological service companies and manufacturing. This study indicates the presence of differences in the approach to the internationalization of enterprises of Central and Eastern European countries and countries with developed economies, which are usually in the spotlight of research. It indicates the case method as promising for the study of international entrepreneurship in Ukraine. The author believes that there is a strong demand for further research of international entrepreneurship – not only for conducting confirmatory studies, but also theory development and advanced data collection.

Digital technology application on corporate internationalization: Co-moderating effect of centralizing decision power and internationalization experience.

Digital technologies are a significant additional powerhouse for corporate internationalization and competitiveness. The existing research has not effectively distinguished the breadth and depth of internationalization, and there are also inadequate context considerations of how much digital technology applications influence enterprise internationalization. To bridge this gap, this paper has selected 203 valid questionnaires from manufacturing enterprises in Zhejiang Province, China, then elaborates and constructs a theoretical model based on existing studies, and using multiple linear regression analysis, finally to empirically assess and further explain the mechanisms of digital technologies' influence on corporate internationalization. The results reveal that utilizing digital technologies has positive influence on both internationalization breadth and depth. Moreover, centralizing decision power negatively moderates the relationship between enterprises' digital applications and their internationalization breadth (or depth), while internationalization experience has opposite influence, with these two factors jointly moderating such relationship. Finally, this research can contribute to better understanding of leveraging digital technologies to upgrade corporate internationalization and provides reasonable theoretical insights for enhancing deeper and more diversified enterprise internationalization.

Convergence or Divergence: A Computational Text Analysis of Stakeholder Concerns on Manufacturing Upgrading in China

Stakeholder participation is essential to the reasonable design and smooth implementation of industrial policies. Discourse analysis can be employed as a valuable methodology to decode stakeholder (dis)agreements. Following stakeholder theory, we examine four stakeholder groups, namely the government, enterprises, media, and academia, to analyze the public focus of industrial upgrading in China. We adopt a computational text analysis approach (keyword frequency calculation, word collocation analysis, and theme identification) to understand the divergent and convergent stakeholders’ concerns toward manufacturing upgrading in China from 2015 to 2020, which is widely considered as a manufacturing upgrading policy formulation stage. Our results show that stakeholders mainly focus on innovation capability and digital transformation for China's manufacturing upgrading. There, industrial planning is the major issue for government and academia. Contradistinctively, enterprises’ main concern is servitization. Enterprise internationalization is more frequently mentioned than manufacturing upgrading in the media industry. Policymakers should engage in various tactics to make the policies endorsed by other stakeholders. Most importantly, the government should fully integrate the views of entrepreneurs in the policy initiation stage. We provide practical implications for the Chinese government to implement better the Made in China 2025 plan.

ІНТЕРНАЦІОНАЛІЗАЦІЯ МАЛИХ ВЕНЧУРНИХ КОМПАНІЙ: 30 РОКІВ ДОСЛІДЖЕНЬ

The article highlights the evolution of research of small venture companies from the inception of international business studies in the 1960s to the present time with an emphasis on 1993-2024 as a period of isolated research on small firms. It provides an overview of the commonly used terminology in the field of international entrepreneurship and analyses the state of research on the topic in Ukrainian literature, which leads to identification of a research gap – internationalisation of small and medium-sized enterprises appears to fall out of the scope of international entrepreneurship and international business research. Based on the existing empirical research in the field, the article highlights the need for isolated studies on small venture enterprises and addresses this research gap in Ukrainian literature by providing a systematic review of internationalisation literature aimed at small venture companies as opposed to the multinational companies. A systematic review of the literature establishes a link between early research on international business and the current literature on international entrepreneurship, while providing the overview of international business theories that were adapted for the use in international entrepreneurship. It outlines a trending research direction in international entrepreneurship literature – international entrepreneurial opportunities. It discusses the characteristics of the entrepreneur, company and environment that form the basis of international opportunity. The article defines the place of international marketing and strategic management in the system of small business internationalization research and outlines promising future research directions recognised in international scientific literature. It follows the developments of G. Knight and S. T. Cavusgil in discussing integrationresponsiveness paradigm – originating from international business – and effectuation theory – coming from strategic management – as future research directions. Finally, it provides arguments for development of internationalisation of small venture companies research in Ukrainian literature.

Networking capability as a moderator of resourced based view, market orientation, information technology, and effectuation on SMEs internationalization

The purpose of this study was to determine the effect of resourced based view, market orientation, implementation of information technology, effectuation and networking capability on the internationalization of Small and Medum Enterprises (SMEs) and the indirect influence between these variables with networking capability as a moderator. The research method uses a quantitative approach. The population and sample in this study are SMEs throughout East Java, Indonesia that have made efforts to internationalize, with data obtained from the Export Center Surabaya office, which is an institution formed by the East Java Provincial Trade Service and the Indonesian Chamber of Commerce. 1346 SMEs were recorded at the Export Center Surabaya office and a sample of 300 SMEs was obtained. The analysis technique used in this study is SEM PLS, which is to determine validity, reliability, and hypothesis testing. The results of the study show that resourced based view, market orientation, information technology implementation, effectuation and networking capability on SMEs internationalization have a positive and significant effect. Networking capability as a moderator can strengthen the influence of resourced based view and market orientation towards the internationalization of SMEs. Meanwhile, in the effectuation and implementation of information technology relationship with SMEs internationalization, networking capability as a moderator is in a weak position, that is it produces a negative coefficient, with a t-statistic value greater than the t-table.

Chief executive officers' characteristics and the internationalisation of small and medium-sized enterprises: a quantile regression approach

Chief executive officers' characteristics and the internationalisation of small and medium-sized enterprises: a quantile regression approach