“…Thus, the present article seeks to identify the way in which IO and EC affected the Brazilian EP of SMEs. No previous study has tried to integrate IO and EC to explain EP (Madsen and Moen, 2017;Makrini and Chaibi, 2015), but there are studies that use these constructs to form theoretical frameworks isolated from the internationalisation of SMEs in more developed countries (Andersson and Florén, 2011;Lages and Montgomery, 2004;Moen et al, 2016). At the same time, there is a clear gap in the literature regarding SMEs in emerging markets such as the Brazilian market (Knight and Liesch, 2016;Paul et al, 2017;Rocha et al, 2012).…”