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The internationalization efforts of lithuanian manufacturing firms--strategy or luck?

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  • Mockaitis, Audra I.
  • Vaiginiene, Erika
  • Giedraitis, Vincent

Abstract

With 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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  • 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.
    • Handle: RePEc:eee:riibaf:v:20:y:2006:i:1:p:111-126
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    Cited by:

    1. Agné Paliokaité, 2010. "Networking as a Route for Corporate Foresight in SMEs," IET Working Papers Series 10/2010, Universidade Nova de Lisboa, IET/CICS.NOVA-Interdisciplinary Centre on Social Sciences, Faculty of Science and Technology.
    2. Chia-Chi Sun, 2021. "An Assessment Model for Wealth Management Banks Based on the Fuzzy Evaluation Method," Mathematics, MDPI, vol. 9(19), pages 1-16, October.
    3. Ipsmiller, Edith & Dikova, Desislava, 2021. "Internationalization from Central and Eastern Europe: A systematic literature review," Journal of International Management, Elsevier, vol. 27(4).
    4. Vincentas Rolandas Giedraitis & Ausra Rasteniene & Hariharan Rajanbabu, 2011. "Baltic And Asian Tigers:The Biotechnology Sectors Of Lithuania And India As Sources Of Innovation And Economic Growth," Perspectives of Innovation in Economics and Business (PIEB), Prague Development Center, vol. 9(3), pages 5-11, August.
    5. Costa, Eric & Soares, António Lucas & de Sousa, Jorge Pinho, 2016. "Information, knowledge and collaboration management in the internationalisation of SMEs: A systematic literature review," International Journal of Information Management, Elsevier, vol. 36(4), pages 557-569.
    6. Andreff, Wladimir & Andreff, Madeleine, 2017. "Multinational companies from transition economies and their outward foreign direct investment," Russian Journal of Economics, Elsevier, vol. 3(4), pages 445-474.
    7. Hong, Paul & Roh, James, 2009. "Internationalization, product development and performance outcomes: A comparative study of 10 countries," Research in International Business and Finance, Elsevier, vol. 23(2), pages 169-180, June.
    8. Toppinen, Anne & Tatti, Natalia & Toivonen, Ritva & Mutanen, Antti & Goltsev, Vadim, 8. "Business environment and strategies of woodworking companies in Northwest Russia – results from a pilot study in Leningrad and Vologda regions," Scandinavian Forest Economics: Proceedings of the Biennial Meeting of the Scandinavian Society of Forest Economics, Scandinavian Society of Forest Economics, issue 41, May.

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    More about this item

    JEL classification:

    • 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

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