Exploring Risk Perception and Degree of Internationalization of Brazilian Small-and-Medium Enterprises

Abstract

This research investigates managerial risk perception regarding internationalization of small and medium-sized enterprises in the Brazilian context. We examine how managers' perception of risk influences firms' degrees of internationalization. Likewise, we assessed how risk perception is influenced by managers' cognitive traits, such as tolerance for ambiguity and cognitive style. We provided empirical evidence for the relationships we proposed through a partial least squares structural equation model with data gathered from a survey of 149 SMEs from the State of Paraná, Brazil. Our results suggest that managers' tolerance for ambiguity is only significant for explaining risk perception for the managers with a preference for a deliberative style. Still, the research suggests that the Brazilian SMEs in our sample presented a higher degree of internationalization even when their managers perceived higher levels of risk.

Impacts of strategic project management on ntrepreneurial orientation relationship with nternationalization

“…Combining these help balance exploitation and exploration activities and flexibly coordinate resources (Worley, Williams and Lawler, 2013;Freiling and Shelhowe, 2014), advantages and sustainability resulting despite dynamic BC and hindrances (Wittmann, July 2018 www.ijbed.org A Journal of the Academy of Business and Retail Management (ABRM) 80 2007; Tan and Meyer, 2010;UNCTAD, 2014). EO influences INT tendencies, location, and interactions (Erdil, 2012;Han et al, 2012;Bonfim et al, 2018;Mukherjee, Makarius and Stevens, 2018), and SPM positively enhances these beneficial to outcomes for EEs firms and projects established and new (Van Der Merwe, 2002;Yazici, 2009). OLT perspective (Argote and Miron-Spektor, 2011)…”

“…This research concentrates mainly on INT approaches of I-Models and Networks, outward-bound INT activities, IVN and products, standardization and relationships connected to EE markets. OLT perspective (Argote and Miron-Spektor, 2011) applied to address INT phenomena and issues highlighted in Figure 1, is a commonality in I-models, medium-sized enterprises (SMEs), can be influenced by managers' behavior and uncertainty tolerance (Dimitratos and Jones, 2005;Freiling and Schelhowe, 2014;Bonfim et al, 2018). By improving EO firms can better succeed and survive, engaging resources highly-qualified, competent, heeding pressures for change, exceptionally aware of high-return opportunities, to allow early INT (Coviello and Munro, 1995;Spencer and Gomez, 2006;Weerawardena et al, 2007, Zuchella et al, 2007Worley, Williams and Lawler, 2013).…”

The Tension between SMEs’ Growth and Sustainability in Emerging and Developed Countries’ Internationalization: Towards a Conceptual Model

“…Bonfim et al [61] found that, in the integration phase of internationalization in developing countries, managements' perceptions of economic human and environmental risks in Brazilian ore SMEs were an important factor in their trade integration into foreign markets. The study therefore emphasized the importance of universal, strong sustainability-sensitive factors in this final phase of the internationalization process.…”

Impacto da internacionalização na necessidade de capital de giro das empresas brasileiras

“…Nesse sentido, com base no modelo de Uppsala, a internacionalização tende a ocorrer após a empresa ter recursos internos suficientes para assegurar a operacionalização desse processo, o que deve acontecer de forma gradual para que a companhia possa se adaptar aos fluxos de informações do novo ambiente (Johanson & Wiedersheim--Paul, 1975;Johanson & Vahlne, 1977;Jain et al, 2019). Bonfim et al (2018), tendo como base a teoria Uppsala no âmbito da tomada de decisão dos gestores quanto à internacionalização, destacam que a tolerância à ambiguidade não se mostra de forma significativa, o que é um antecedente do risco mencionado. Por seu turno, Hernandes Júnior et al (2020) afirmam que o impacto da internacionalização na lucratividade é variável devido às dificuldades enfrentadas por novos entrantes nos mercados, no que tange ao processo de aprendizagem e aos custos envolvidos no processo.…”