Internationalisation, cultural distance and country characteristics: A Bayesian analysis of SME's financial performance

Alfredo D'Angelo, Antonio Majocchi, Luciana Dalla Valle

Risultato della ricerca: Contributo in rivistaArticolo in rivistapeer review

17 Citazioni (Scopus)

Abstract

Relying on the accounting data of a panel of 403 Italian manufacturing SMEs collected over a period of 5 years, we find results suggesting that multinationality per se does not impact on the economic performance of international small and medium sized firms. It is the characteristics of the country selected i.e. the political hazard, the financial stability and the economic performance that significantly influence SMEs financial performance. The management implication for small and medium sized firms selecting and entering new geographic markets is significant, since our results show that for SMEs it is the market selection process that really matters and not the degree of multinationality.
Lingua originaleEnglish
pagine (da-a)307-324
Numero di pagine18
RivistaJournal of Business Economics and Management
Volume16
DOI
Stato di pubblicazionePubblicato - 2015

Keywords

  • Internationalisation SMEs

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