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Internationalization Of Micro And Small Enterprises In The Information Technology Industry Of The Republic Of Croatia

Author

Listed:
  • Vlatka Bilas

    (University of Zagreb, Faculty of Economics)

  • Sanja Franc

    (University of Zagreb, Faculty of Economics)

  • Iskra Kvaternjak

    (University of Zagreb, Faculty of Economics)

Abstract

The value of small enterprises from the information technology industry can be found in their intellectual capital; these enterprises developed high value-added products and therefore contribute to the knowledge-based economy. Through the internationalization process enterprises gain long-term growth and sustainability opportunity on the foreign, as well as on the domestic market. Human capital and knowledge represent the basis for growth of the enterprises from the observed industry, especially for software development companies. Nevertheless, decreased demand for the products from the industry in the Republic of Croatia results in domestic information technology experts deciding to internationalize their business. In this paper primary research was carried out among micro and small software development enterprises in the Republic of Croatia, with the purpose of analyzing the characteristics and the level of their internationalization as well as giving the guidelines for further development.

Suggested Citation

  • Vlatka Bilas & Sanja Franc & Iskra Kvaternjak, 2013. "Internationalization Of Micro And Small Enterprises In The Information Technology Industry Of The Republic Of Croatia," Economic Review: Journal of Economics and Business, University of Tuzla, Faculty of Economics, vol. 11(1), pages 45-59.
    • Handle: RePEc:tuz:journl:v:11:y:2013:i:1:p:45-59
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    References listed on IDEAS

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    1. Zucchella, Antonella & Palamara, G. & Denicolai, S., 2007. "The drivers of the early internationalization of the firm," Journal of World Business, Elsevier, vol. 42(3), pages 268-280, September.
    2. Ashish Arora & Alfonso Gambardella, 2005. "The Globalization of the Software Industry: Perspectives and Opportunities for Developed and Developing Countries," NBER Chapters, in: Innovation Policy and the Economy, Volume 5, pages 1-32, National Bureau of Economic Research, Inc.
    3. Calof, Jonathan L. & Beamish, Paul W., 1995. "Adapting to foreign markets: Explaining internationalization," International Business Review, Elsevier, vol. 4(2), pages 115-131, June.
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    Cited by:

    1. Elena-Mădălina Vătămănescu & Elena-Alexandra Gorgos & Alexandru Mihai Ghigiu & Monica Pătruț, 2019. "Bridging Intellectual Capital and SMEs Internationalization through the Lens of Sustainable Competitive Advantage: A Systematic Literature Review," Sustainability, MDPI, vol. 11(9), pages 1-22, April.

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    More about this item

    Keywords

    micro; small; enterprise; internationalization; information technology;
    All these keywords.

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • M16 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - International Business Administration

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