Understanding decisions to internationalize by small and medium-sized firms located in an emerging market


• We examined perceptions differentiating key Colombian decisionmakers in 168 SMEs who decided to either internationalize or remain domestic. An integrative model compares managerial perceptions of competitive, macro-environmental and neo-institutional factors. • Foreign MNEs in the home market significantly differentiated decisions to internationalize, as well as the presence of internationalizing domestic competitors, anticipated product acceptance, and internationalizing suppliers. • The lack of findings for some institutional and macro-environmental factors may reflect important contextual features of the Colombian business environment. © 2009 Gabler-Verlag.

Publication Title

Management International Review