The Impact of Public Support on SMEs' Outward FDI: Evidence from Italy

Bannò, Mariasole; Piscitello, Lucia; Varum, Celeste

doi:10.1111/jsbm.12029

Cited by 57 publications

(50 citation statements)

References 47 publications

(44 reference statements)

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“…While some quantitative studies found that SMEs that received public support were more likely to engage in product and process innovation (Roper et al, ), some others found nonsignificant results of the effect of government supports on innovation (Nauwelaerts & Vijfeyken, ). Moreover, with regard to internationalization, while descriptive statistics show that government support is important for SMEs' internationalization (Brewer, ), Bannò, Piscitello, and Amorim Varum () and Yannopoulos () found that the impact of government support on internationalization varies widely depending on the internationalization experience and strategies, the resources dedicated to the internationalization process, and the capabilities. This leads to the development of hypotheses H5.1 to H5.5 .…”

Section: Theoretical Frameworkmentioning

confidence: 99%

Exploring the relationships between innovation and internationalization of small and medium‐sized enterprises: A nonrecursive structural equation model

2013

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This article seeks to provide more insights on the two‐way link between internationalization and innovation by considering total, direct, and reciprocal effects using a nonrecursive structural model. Innovation is defined through product and process development, while internationalization is defined through inward and outward internationalization in both closer and farther markets. The results suggest that these two major sources of growth are linked by different sets of relations, from the investment in product and process innovation to outward internationalization in a closer market, or from inward and outward internationalization in farther markets to the investment in product innovation. Copyright © 2013 ASAC. Published by John Wiley & Sons, Ltd.

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Section: Theoretical Frameworkmentioning

confidence: 99%

Exploring the relationships between innovation and internationalization of small and medium‐sized enterprises: A nonrecursive structural equation model

2013

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“…Macroeconomic factors play an important role in the context of the business environment and the daily decisions of enterprises [22,23]. The state regulating entrepreneurship also plays an important role [23][24][25][26].V4 countries have always been part of a single civilization sharing cultural and intellectual values and common roots in diverse religious traditions. In order to preserve and promote cultural cohesion, the Visegrad Group intends to promote cooperation, the sharing of values in the fields of culture, education, and science, and the exchange of information.…”

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confidence: 99%

The Assessment of Non-Financial Risk Sources of SMES in the V4 Countries and Serbia

et al. 2019

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Risks are a very important part of the business environment. If risks are managed well, they can provide a higher level of competitiveness and sustainability advantages for a company. The first step towards successful risk management is an identification of risks. The aim of this article is to create a risk profile for (small and medium-sized enterprises) SMEs in V4 countries (Czech Republic, Slovakia, Poland, Hungary), compare them to each other and then compare the results with those for Serbia. The data were collected during an extensive research project organized by Tomas Bata University in Zlín in 2017 and 2018. In total 2110 answers of SMEs were analyzed. For the verification of hypotheses, a 5-point Likert scale, Multiple Correspondence Analysis (MCA) and Multiple Factors Analysis (MFA) and ANOVA were used. The level of legal, security, personnel and operational risks is statistically higher in Serbia than in V4 countries, and the lowest level is in Slovakia. Some significant differences among the exposure to risk according to economic sectors were identified.

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“…On the other hand, Banno et al (2014) state that government financial support can help the SMEs to expand their activities outside of their domestic market which helps to improve the economic conditions of the firms. Business environment in the Czech Republic is strongly influenced by firms' innovation performance (Zizlavsky, 2016).…”

Section: Theoretical Partmentioning

confidence: 99%

Business Environment Quality Index in the Sme Segment

Čepel¹,

Stasiukynas²,

Kotásková³

et al. 2018

JOC

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The aim of this paper was to define and quantify significant factors that shape the quality of the business environment in the SME segment and to create the business environment quality index. A part of this aim was a comparison of defined factors in the Czech Republic (CR) and the Slovak Republic (SR). In regards to the aim defined, a survey-based research was conducted with enterprises operating in the SME segment. 312 enterprises in CR and 329 enterprises in SR were approached during this research. To verify the defined scientific hypotheses, a custom Business Environment Quality Index was created that was quantified separately for CR and SR. The research results brought interesting findings. The aggregated Business Environment Quality Index in the Slovak Republic reached the value of 0.460, which was higher than that of the Czech Republic (0.418). Slovak entrepreneurs gave the economic factors a higher rating than Czech entrepreneurs. Similarly, Slovak entrepreneurs rated the importance of the Central Bank in establishing a stable business environment and the role of commercial banks in financing business needs more positively. The evaluation of political factors is relatively negative in both countries. Slovak entrepreneurs evaluated more positively the judicial system in the area of commercial law, the state's influence on the business environment, and the administrative burden on enterprises. Czech entrepreneurs had a minor issue with the state bureaucracy's impact on the business environment. The evaluation of technological factors is relatively negative in both countries, as the value of this index is slightly below 0.250. Slovak entrepreneurs better assessed the situation on the job market and the cooperation of the public sector with the business environment. On the contrary, Czech entrepreneurs gave the infrastructure level in the area of research and development a better rating. The evaluation of social factors is relatively positive in both countries. Entrepreneurs in the Slovak Republic perceive a more positive attitude of the society towards entrepreneurs and a more intense influence of the family on entrepreneurship, and positively evaluate media's activities in regards to the business environment. The evaluation of the competitive environment is more positive in Slovakia. When evaluating the narrower competitive environment, it was discovered that Slovak entrepreneurs think that customers, suppliers, and employees play a positive role in their business.

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The Impact of Public Support on SMEs' Outward FDI: Evidence from Italy

Cited by 57 publications

References 47 publications

Exploring the relationships between innovation and internationalization of small and medium‐sized enterprises: A nonrecursive structural equation model

Exploring the relationships between innovation and internationalization of small and medium‐sized enterprises: A nonrecursive structural equation model

The Assessment of Non-Financial Risk Sources of SMES in the V4 Countries and Serbia

Business Environment Quality Index in the Sme Segment

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