Internationalization of Small and Medium Enterpreises: An Integrative Conceptual Mode

Abstract

Internationalization of small and medium enterprises (SMEs) is becoming a very important research area, because of their crucial role in developing economic growth. Globalization of the economic environment is challenging the current economic theories underpinning the SMEs research. The study seeks to integrate new phenomenon of international new venture with widely accepted theories of SMEs internationalization into a new redefined integrative conceptual model of SMEs internationalization. The new model is built around key internationalization dimensions, internationalization antecedents and consequences. A set of propositions about relationships in the conceptual model is developed and implications are proposed.