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| Author: | Majocchi, A. Zucchella, A. |
| Title: | Internationalization and Performance Findings from a Set of Italian SMEs |
| Journal: | International Small Business Journal
2003 : AUG, VOL. 21:3, p.249-268 |
| Index terms: | EXPORTING FOREIGN INVESTMENT INTERNATIONALIZATION |
| Language: | eng |
| Abstract: | This article starts from the premise that in an increasingly integrated market all enterprises are in effect international. Based on empirical data collected from 220 Italian firms, the article investigates the relationship between internationalization and performance. It suggests that performance is not determined by export intensity and the number of international agreements, but by the ability of firms to gain access to specific markets, such as North America. Moreover, the article finds that performance tends to suffer when SMEs internationalize through FDI, a finding that suggests a 'liability of foreignness' effect at the outset of international expansion. |
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