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Significance of globalization-specific factors for SME competitiveness: a conceptual model and an empirical test

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  • Vladimirov, Zhelyu
  • Simeonova-Ganeva, Ralitsa
  • Ganev, Kaloyan

Abstract

On the basis of existing theory we suggest two main types of factors for SME competitiveness. The first type is comprised of the basic factors, including internal, external and entrepreneur-related factors, all well-defined and discussed in the IO and RBV approach and the configuration theory as well. The second type consists of globalization-specific factors, referring to the innovation related processes as a response to the globalization challenges (innovation, internationalization, ICT and quality standards adoption, etc.). Our main research question is: Do globalization-specific factors have a significant impact on SME performance in times of crisis and post-crisis recovery? Using the two types of factors, we develop a conceptual model explaining their role for SME performance. We suggest that globalization-specific factors determine SME performance, and that the configurations of the two types of factors differ in times of crisis and post-crisis recovery. Research hypotheses are tested through construction of indexes for competitiveness and logit models using data on Bulgarian SMEs for two periods – one of economic crisis, and another of post-crisis recovery. Empirical evidence confirms significant impact of globalization-specific factors in period of post-crisis recovery only. Our findings show that the configuration of basic and globalization-specific factors with respect to business success is dynamic: in times of crises globalization-specific factors have no significant impact while basic factors have dominant role. In times of post-crises recovery both factors seem to be equally important for SME performance.

Suggested Citation

  • Vladimirov, Zhelyu & Simeonova-Ganeva, Ralitsa & Ganev, Kaloyan, 2013. "Significance of globalization-specific factors for SME competitiveness: a conceptual model and an empirical test," MPRA Paper 63518, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:63518
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    File URL: https://mpra.ub.uni-muenchen.de/63518/1/MPRA_paper_63518.pdf
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    References listed on IDEAS

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    1. Klapper, Leora & Sarria-Allende, Virginia & Zaidi, Rida, 2006. "A firm-level analysis of small and medium size enterprise financing in Poland," Policy Research Working Paper Series 3984, The World Bank.
    2. Chris Forman & Avi Goldfarb & Shane Greenstein, 2008. "Understanding the Inputs into Innovation: Do Cities Substitute for Internal Firm Resources?," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 17(2), pages 295-316, June.
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    5. Vladimirov, Zhelyu & Simeonova-Ganeva, Ralitsa & Ganev, Kaloyan, 2012. "Interaction of leading and supporting factors for the SME competitiveness," MPRA Paper 37251, University Library of Munich, Germany.
    6. Jansson, Hans & Sandberg, Susanne, 2008. "Internationalization of small and medium sized enterprises in the Baltic Sea Region," Journal of International Management, Elsevier, vol. 14(1), pages 65-77, March.
    7. Piero Esposito & Claudio Vicarelli, 2011. "Explaining the Performance of Italian Exports during the Crisis: (Medium) Quality Matters," Working Papers LuissLab 11954, Dipartimento di Economia e Finanza, LUISS Guido Carli.
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    More about this item

    Keywords

    SMEs; competitiveness; basic factors; globalization-specific factors; configuration; crisis; post-crisis recovery;

    JEL classification:

    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • M0 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • M20 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - General
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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