Age at entry in international markets of Spanish SMEs Entrepreneurial and institutional determinants

Purpose - From a multidisciplinary perspective, combining international entrepreneurship and institutional theory, a model is presented in order to enrich the understanding of the speed of internationalization in small firms. This is achieved by including individual's attitudes and behaviour, as well as factors from the environment that may enhance firms' international behaviour. Design/methodology/approach - Information from a random sample of 104 Spanish SMEs was gathered via personal interview with a structured questionnaire. Structural Equation Modelling (SEM), specifically Partial Least Squares (PLS), was employed in analyzing the multiple relationships among the proposed constructs. Findings - The results show how one of the main institutional determinants of the age of entry into international markets are the inter-firm relationships, specifically the tendency to imitate the behaviour of other firms with successful activities in international markets. In addition, the results note the complementary nature of the approaches used, even though they are apparently distant, and suggest the need to undertake more eclectic research approaches in this field. Practical implications - Results enhance the importance of having a good competence scanning system in firms as it may help in reducing the time of adoption for certain behaviours, in this case internationalization behaviour. Besides this, the export promotion agencies may find these results useful in improving the results of the implemented policies in order to obtain a greater impact with the same resources, taking advantage of the diffusion of the behaviour. Originality/value - Both the methodology and the constructs analysed, have scarcely been implemented in the internationalization literature when compared to other management fields.