Navigating global markets: The role of enterprise risk management and human resource management in SME international expansions

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F04130081%3A_____%2F23%3AN0000020" target="_blank" >RIV/04130081:_____/23:N0000020 - isvavai.cz</a>

Result on the web

<a href="https://journals.economic-research.pl/eq/article/view/2735" target="_blank" >https://journals.economic-research.pl/eq/article/view/2735</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.24136/eq.2023.034" target="_blank" >10.24136/eq.2023.034</a>

Result language

angličtina

Original language name

Navigating global markets: The role of enterprise risk management and human resource management in SME international expansions

Original language description

Research background: Since SMEs lack the financial and human resources required for internationalization, they face more obstacles than large firms. In this regard, their internal/controllable risk management capabilities based on the Resource-based View (RBV) theory might help them overcome internationalization barriers. Purpose of the article: This study aims to investigate the positive impact of internal/controllable risk management capabilities, such as strategic, operational, and personnel risk capabilities, on the export intention of SMEs. Moreover, this paper finds out whether the impacts of these risk management capabilities on export intention differ depending on the countries where SMEs operate. Methods: This research uses a random sampling method and shares an online questionnaire with survey respondents. It includes research samples from Czech, Slovakian, and Hungarian SMEs. The researchers analyze the effects of enterprise risk management capabilities on export by performing Binary Logistic Regression analyses. Findings & value added: While personnel risk management does not affect the export intention of SMEs, strategic risk management and operational risk management positively affect the export intention of SMEs, depending on the countries where SMEs are located. For this reason, there are international differences in the impacts of strategic and operational risk management capabilities on the export intention of SMEs. This paper provides a more holistic approach to managing internal/controllable risk factors and investigates this construct’s effect on internationalization. A country comparison in this specific effect has been only performed in this study. Moreover, the construct of managing internal/controllable risk factors is also linked with the dynamic capability of RBV only in this paper.

Czech name

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Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

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OECD FORD branch

50204 - Business and management

Project

—

Continuities

N - Vyzkumna aktivita podporovana z neverejnych zdroju

Publication year

2023

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

EQUILIBRIUM-QUARTERLY JOURNAL OF ECONOMICS AND ECONOMIC POLICY

ISSN

1689-765X

e-ISSN

2353-3293

Volume of the periodical

18

Issue of the periodical within the volume

4

Country of publishing house

PL - POLAND

Number of pages

29

Pages from-to

1075-1103

UT code for WoS article

001148344200002

EID of the result in the Scopus database

2-s2.0-85183150506