Strategic decision-making processes, international environmental munificence and the accelerated internationalization of SMEs

Petrou, A. P., Hadjielias, E., Thanos, I. and Dimitratos, P. (2020) Strategic decision-making processes, international environmental munificence and the accelerated internationalization of SMEs. International Business Review, 29(5), 101735. (doi: 10.1016/j.ibusrev.2020.101735)

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Abstract

Motivated by the paucity of studies examining the effects of strategic decision-making processes on accelerated internationalization, this study draws on the organizational information processing theory and the resource-based view of the firm to argue that procedural rationality and politicization have a negative effect on accelerated internationalization of SMEs. Using a sample of 176 internationalized Greek SMEs, the study finds that the procedural rationality and politicization of SMEs reduce the probability of accelerated internationalization. These relationships are more pronounced in munificent international environments, indicating that when accelerated internationalization is constrained by strategic decision-making processes, SMEs may miss opportunities in attractive international markets. The study contributes to the organizational information processing theory, to the literature on the speed of decisionmaking in SMEs, and to the literature on accelerated SME internationalization.

Item Type:Articles
Status:Published
Refereed:Yes
Glasgow Author(s) Enlighten ID:Dimitratos, Professor Pavlos and Thanos, Dr Ioannis
Authors: Petrou, A. P., Hadjielias, E., Thanos, I., and Dimitratos, P.
College/School:College of Social Sciences > Adam Smith Business School > Management
Journal Name:International Business Review
Publisher:Elsevier
ISSN:0969-5931
ISSN (Online):1873-6149
Published Online:11 July 2020
Copyright Holders:Copyright © 2020 Elsevier Ltd.
First Published:First published in International Business Review 29(5): 101735
Publisher Policy:Reproduced in accordance with the copyright policy of the publisher

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