3.02. Exploring the determinants of International New Ventures in Spain.

Autores: C. Cancino, C. Bonilla

Abstract

This study explores some determinants of international new ventures in Spain. As in previous research for the US and UK, important factors that explain why a firm becomes an international new venture result the technological level and the psychic and geographic distances from export markets. For Spanish businesses however, international alliances were found not to be a relevant factor.

This highlights an aspect of the international new venture model still uncovered in the literature, and that is the effects on internationalization that being part of a major multinational economic agreement (like the European Union) provokes. A number of interesting implications are drawn from the results presented regarding public policies to encourage international development among SMEs.

 

Key Words: International New Ventures, SMEs, Internationalization, Spain