“…These are some of the factors that make firms wait until they obtain a greater consolidation in the domestic market before going international (Johanson & Wiedersheim-Paul, 1975;Hernandes Júnior et al, 2020), deciding to use internal resources (Johanson & Vahlne, 1977;Myers & Majluf, 1984;Pamplona et al, 2020;Oliveira & Kayo, 2020). In addition, if necessary, obtaining credit from these firms may be more or less easy, considering the characteristics of the market of origin, the new market in which the company operates, and, also, its degree of internationalization (Myers & Majluf, 1984;Kwok & Reeb, 2000;Saito & Hiramoto, 2010;Ribeiro et al, 2017).…”