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Internationalization of Central and Eastern European companies – theory and its implications in the Slovak IT sector

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  • Ferencikova, Sonia
  • Hluskova, Tatiana

Abstract

The authors studied whether the existing internationalization theories are relevant to the companies from CEE that started the internationalization process differently from Western Europe and the USA. In order to do so, they first analyzed the major theories and explain their implications for CEE companies. Secondly, the authors chose a sample of four Slovak start-ups in the IT sector and tested the existing theories on them. They concluded that these theories explain the internationalization patterns rather satisfactorily. The Uppsala model of an incremental commitment was found in the sample. However, the researchers claim that the combination of a resource-based view with the International New Venture theory seems to be the most promising theoretical approach that can be further developed and enriched in the conditions of small, former transitional, resource-scarce and extremely open economies.

Suggested Citation

  • Ferencikova, Sonia & Hluskova, Tatiana, 2015. "Internationalization of Central and Eastern European companies – theory and its implications in the Slovak IT sector," Journal of East European Management Studies, Rainer Hampp Verlag, vol. 20(4), pages 415-434.
    • Handle: RePEc:rai:joeems:jeems-2015-04-ferencikova
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    File URL: http://www.hampp-verlag.de/hampp_e-journals_JEMS.htm#415
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    Cited by:

    1. Ipsmiller, Edith & Dikova, Desislava, 2021. "Internationalization from Central and Eastern Europe: A systematic literature review," Journal of International Management, Elsevier, vol. 27(4).

    More about this item

    Keywords

    Internationalization; Central and Eastern Europe; Slovak IT sector; small and medium-sized enterprises; start-ups;
    All these keywords.

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups

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