2012
DOI: 10.4236/ib.2012.42017
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A Strategic Investment Decision: “Internationalization of SMEs”: A Multiple Appraisal Approach and Illustration with a Case Study

Abstract: In a highly competitive environment, internationalization is a very attractive strategic investment for all types of firms. However, making the decision on internationalization, like other strategic investments, is very difficult because of high uncertainties and risks. Additionally, decision making process should include the evaluation of the strategic outcomes of internationalization. This study offers to integrate real options analysis into financial analyses in order not to overlook the strategic benefits … Show more

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Cited by 8 publications
(6 citation statements)
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“…Literature review and conceptual model Uncertainty in cross-border e-commerce logistics and related risk management strategies It is widely acknowledged in both literature and practice that internationalization is a risky business (Pezderka and Sinkovics, 2011;Scott, 2004). Most of the times, this is because companies need to estimate many variables, including market demand, exchange rates, future economic and political conditions of the new market (Atik, 2012). At the same time, information scarcity and high uncertainty make the prediction harder to perform.…”
Section: Ijlmmentioning
confidence: 99%
“…Literature review and conceptual model Uncertainty in cross-border e-commerce logistics and related risk management strategies It is widely acknowledged in both literature and practice that internationalization is a risky business (Pezderka and Sinkovics, 2011;Scott, 2004). Most of the times, this is because companies need to estimate many variables, including market demand, exchange rates, future economic and political conditions of the new market (Atik, 2012). At the same time, information scarcity and high uncertainty make the prediction harder to perform.…”
Section: Ijlmmentioning
confidence: 99%
“…Other scholars point out that e-commerce adds uncertainty to the already risky process of internationalisation (Atik, 2012); in fact, selling to online customers involves more than setting up a functioning website (Sinkovics et al, 2007).…”
Section: The Role Of E-commerce In Sme's Internationalisation: Opportmentioning
confidence: 99%
“…Realitasnya, banyak riset meyakinkan aksi irasional investor individu yang mana keputusan investasinya tidak didasarkan pada analisis teknikal maupun fundamental tetapi didasarkan pada pola keputusan investor yang lain (Atik, 2012;Pereira et al, 2016;Tyll dan Pohl, 2014;Mahesh dan Kumar, 2016). Bila pasar secara umum menampilkan pola menjual maupun membeli saham tertentu, hendak direspon oleh investor buat menerapkan perihal yang sama.…”
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