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The Resource-based Approach to the Internationalisation of SMEs: Differences in Resource Bundles between Internationalised and Non-Internationalised Companies

Author

Listed:
  • Mitja Ruzzier

    (Faculty of Economics, University of Ljubljana, Ljubljana, Slovenia)

  • Bostjan Antoncic

    (Faculty of Economics, University of Ljubljana, Ljubljana, Slovenia)

  • Maja Konecnik

    (Faculty of Economics, University of Ljubljana, Ljubljana, Slovenia)

Abstract

The resource-based approach is a new promising theoretical framework that is applied to the internationalisation of SMEs. Derived from strategic management it provides value-added theoretical propositions about the uniqueness of certain resources that have turned out to be critical for the internationalisation process of SMEs. This paper examines the differences in resource bundles (organisational, financial, and human and social) between internationalised and non-internationalised Slovenian SMEs. The findings are also controlled for the control variables of firm size and age from which valuable propositions and implications are derived for the entrepreneur and those policy-makers who want to increase the number of internationalised SMEs.

Suggested Citation

  • Mitja Ruzzier & Bostjan Antoncic & Maja Konecnik, 2006. "The Resource-based Approach to the Internationalisation of SMEs: Differences in Resource Bundles between Internationalised and Non-Internationalised Companies," Zagreb International Review of Economics and Business, Faculty of Economics and Business, University of Zagreb, vol. 9(2), pages 95-116, November.
    • Handle: RePEc:zag:zirebs:v:9:y:2006:i:2:p:95-116
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    Citations

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    Cited by:

    1. Barbara Francioni, 2011. "Changes in Entry Mode Strategy for Italian SMEs," Annals - Economic and Administrative Series -, Faculty of Business and Administration, University of Bucharest, vol. 5(1), pages 99-116, December.
    2. Ina Lejko & Štefan Bojnec, 2013. "The Dynamic Internationalization Model of Slovenian Born Global SMEs," Management, University of Primorska, Faculty of Management Koper, vol. 8(1), pages 71-86.
    3. Musso, Fabio & Francioni, Barbara, 2011. "Foreign Markets Entry Mode Decision for Italian Small and Medium-Sized Enterprises," MPRA Paper 50067, University Library of Munich, Germany, revised 31 Oct 2011.
    4. Lo, Fang-Yi & Bui, Quang-Tuan & Huarng, Kun-Huang, 2023. "The pace of international expansion for digital multinational enterprises," Technological Forecasting and Social Change, Elsevier, vol. 193(C).
    5. Olga Mikhailova & Per Ingvar Olsen, 2016. "Internationalization of an academic invention through successive science-business networks: The case of TAVI," Journal of International Entrepreneurship, Springer, vol. 14(3), pages 441-471, September.
    6. Sahar Ahmadian & Somayeh Abdolmaleki, 2018. "Network typology and international opportunity recognition: moderating role of entrepreneurial orientation," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 8(1), pages 1-15, December.
    7. Musso, Fabio & Francioni, Barbara, 2009. "Foreign markets entry mode decision for SMEs. Key factors and role of industrial districts," MPRA Paper 32153, University Library of Munich, Germany.
    8. Fehér János & Kollár Péter & Szobi Ádám & Urbán Anna & Jarjabka Ákos & Poór József, 2022. "Relationship between Cultural Origin of Multinational Companies and Employing Expatriates in Foreign Subsidiaries in Central and Eastern Europe," Zagreb International Review of Economics and Business, Sciendo, vol. 25(2), pages 19-38.
    9. Mariluz Fernández-Alles & Dara Hernández-Roque & Mercedes Villanueva-Flores & Mirta Díaz-Fernández, 2022. "The impact of human, social, and psychological capital on academic spin-off internationalization," Journal of International Entrepreneurship, Springer, vol. 20(3), pages 433-473, September.
    10. Ra�l Serrano & Isabel Acero-Fraile & Natalia Dejo-Oricain, 2017. "Collaborative networks and export intensity in family firms: a quantile regression approach," Documentos de Trabajo dt2017-04, Facultad de Ciencias Económicas y Empresariales, Universidad de Zaragoza.

    More about this item

    Keywords

    internationalisation; SMEs; resources; international entrepreneurship;
    All these keywords.

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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