Although small and medium sized enterprises (SMEs) account for a significant portion of international trade, little is know about how they make international entry mode decisions. Transaction cost theory has been widely used to study entry mode selection for large firms. Here we apply the theory to
β¦ LIBER β¦
SME Entry Mode Choice and Performance: A Transaction Cost Perspective
β Scribed by Keith D. Brouthers; George Nakos
- Book ID
- 109179915
- Publisher
- John Wiley and Sons
- Year
- 2004
- Tongue
- English
- Weight
- 105 KB
- Volume
- 28
- Category
- Article
- ISSN
- 1042-2587
No coin nor oath required. For personal study only.
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## Abstract While both financial and behavioral theories suggest that cash holdings may be beneficial to R&Dβintensive firms, agency theory would suggest that strong monitoring may be needed to ensure that cash holdings are not squandered. We contend that transaction cost economics provides a valua