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Institutional effects on sme internationalisation

Institutional effects on sme internationalisation. Topic Background 95% of enterprises across the world are small and medium sized enterprises (have less than 250 employees) Just 10-15% of these firms internationalise

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Institutional effects on sme internationalisation

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  1. Institutional effects on sme internationalisation • Topic Background • 95% of enterprises across the world are small and medium sized enterprises (have less than 250 employees) • Just 10-15% of these firms internationalise • A key feature of SME survival and development is growth and ability to internationalise theiroperations • According to the literature, finance deemed Number 1 growth constraint • A causal relationship between financial resources and the ability for SMEs to grow and internationalise is found • (Berra, Piatti, & Vitali, 1995; Chetty & Campbell-Hunt, 2003; Kalantaridis, 2004; • Berger & Udell, 2006; de la Torre, Martínez Pería, & Schmukler, 2010; Stiebale, 2011; • De Maeseneire & Claeys, 2012 and Rehman, 2012) • Knowledge Gap • Limited interest in the financing of small-business • internationalisation (Nummela, Loane, & Bell, 2006) • Key elements of the financial system that affect SME credit availability are somewhatneglected • In particular the causal chain betweengovernment policies to a nation’s financial institution structure and lending infrastructure (Berger & Udell, 2006) • Improvements in nationalinstitutions will ease growth constraints that • face SMEs(Beck & Demirguc-Kunt, 2006) • Research Questions • How important is national financial structure development in credit availability for • different types of internationalising SMEs? • 2. Are certain dimensions of the • national financial structure more • significant in credit availability • for various types of • internationalising • SMEs? Current Stage of Research: Survey Design & Sampling Waterford Institute of Technology www.cfbr.ie Literature Reviewed • Research Design • Mixed methods • A. Survey SMEs - 6 sections • Background characteristics • Internationalisation experience • Finance used • Financial institution structure • The institutional environment • SMEs’ international outlook • B. Interviews - Government agencies & EU policy makers • C. Sample • Germany, Ireland & UK – choosing internationalising SMEs from manufacturing & technology sectors • Research Contribution • From a policy perspective, assisting in deeper levels of engagement with the SME sector as I consider the causes of financial barriers to internationalisation faced by SMEs (De Maeseneire & Claeys, 2012) • Considerable support of the applicability and usefulness of institutional foundations to assess SME credit availability and internationalisation (Zhu, Sarkis, & Lai, 2011) • Expanding knowledge of SME internationalisation alongside a framework of institutional involvement • Poignant post 2008 – comparison of different markets, using a diverse firm-sample Lisa Spencer spenceln@tcd.ie

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