The Internationalization Efforts of Lithuanian Manufacturing Firms - Strategy of Luck?
AbstractWith the enlargement of the European Union, many Central and Eastern European (CEE) manufacturing companies have greater opportunity for internationalizing their activities. Although it is generally held that SMEs have the flexibility and ability to adapt to their environment more quickly than large enterprises, SMEs must be able to use these advantages in internationalizing. This study considers the internationalization efforts of a sample of Lithuanian manufacturing SMEs. Specifically, it is sought to reveal whether any patterns in the foreign market entry decisions of these firms may be found, through an examination of the degree of internationalization and its dependence on company age, size, risk aversion, commitment toward internationalization and knowledge acquisition. It is revealed that as yet, Lithuanian SMEs are in a state of uncertainty, and rely on manufacturing contracts in their home market. A pattern of “no pattern” may best describe their process of internationalization.
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Bibliographic InfoPaper provided by EconWPA in its series Industrial Organization with number 0502001.
Length: 23 pages
Date of creation: 03 Feb 2005
Date of revision:
Note: Type of Document - pdf; pages: 23. Paper submitted to Research in International Business and Finance
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internationalization; SMEs; manufacturing sector; Lithuania;
Other versions of this item:
- Mockaitis, Audra I. & Vaiginiene, Erika & Giedraitis, Vincent, 2006. "The internationalization efforts of lithuanian manufacturing firms--strategy or luck?," Research in International Business and Finance, Elsevier, vol. 20(1), pages 111-126, March.
- Audra I.Mockaitis & Erika Vaiginene & Vincent Giedraitis, 2005. "The Internationalization Efforts Of Lithuanian Manufacturing Firms - Strategy Or Luck?," Industrial Organization 0501007, EconWPA.
- L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation
- L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
- L6 - Industrial Organization - - Industry Studies: Manufacturing
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-04-16 (All new papers)
- NEP-ENT-2005-04-16 (Entrepreneurship)
- NEP-INT-2005-04-16 (International Trade)
- NEP-TRA-2005-04-16 (Transition Economics)
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