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The following article was selected for this year's Outstanding Paper Award for

Journal of Small Business and Enterprise Development

"SME internationalization research: past, present, and future"

Mitja RuzzierArc-Kranj, Kranj, Slovenia

Robert D. HisrichThunderbird, The Garvin School of International Management, Glendale, Arizona, USA

Bostjan AntoncicFaculty of Management, University of Primorska, Koper, Slovenia

Purpose – The purpose of this paper is to understand the similarities and differences in the internationalization of SMEs and MNEs and the specific factors affecting them.Design/methodology/approach– The relevant literature was reviewed particularly in the context of the major theories of internationalization.Findings – The positive and negative aspects of each theoretical approach to internationalization are present to form the basis of a new model of international entrepreneurship.Research limitations/implications– The newly developed conceptual model has not been empirically tested.Originality/value – A redeveloped theoretical integrative conceptual model of international entrepreneurship is proposed based on four internationalization properties (mode, market, product, and time),internationalization performance, and key antecedents and consequences of the internationalization process.Keywords Research, Resources,Small to medium-sized enterpriseswww.emeraldinsight.com/10.1108/14626000610705705

This article originally appeared in Volume 13 Number 4, 2006, pp. 476-97, Journal of Small Business and Enterprise Development

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