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| Tekijä: | Requena-Silvente, F. |
| Otsikko: | The decision to enter and exit foreign markets: Evidence from U.K. SMEs |
| Lehti: | Small business economics
2005 : OCT, VOL. 25:3, p. 237-253 |
| Asiasana: | decision making markets small and medium-sized enterprises (SMEs) models United Kingdom |
| Vapaa asiasana: | SME |
| Kieli: | eng |
| Tiivistelmä: | This paper studies the dynamics of the export behaviour of small and medium sized enterprises (SMEs) in the U.K. btw. 1994 and 1998. A dynamic empirical model is used to disentangle three distinct dimensions of a firms' participation in foreign markets: firm heterogeneity, sunk cost induced hysteresis and macroeconomic instability. The results show among others that SMEs view exporting as an irreversible investment, with state dependence being the largest explanatory factor. |
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