The Determinants of Born Global Companies Emergence in Central European Countries

Abstract

The  purpose  of  this  paper  is  to  review  potential  determinants  of  born global  companies  emergence  in  Central  Europe  (CE)  through  the  example  of  the Visegrad Group countries.

The  paper  gives  an  overview  of  the  literature  on  the born  global  phenomenon.  It  presents  basic  factors  which  influence internationalisation processes and analyses CE marketscharacteristics with a focus on early internationalisation.

The study shows specific features of the CE markets which foster emergence and expansion of born global firms. These are: small and export-oriented economies, export opportunities in the euro zone and high entrepreneurial potential.

Discussion  on  possible  determinants  of  early internationalisation sets a theoretical framework for the empirical research on born globals  of  CE  countries.  Further  research  may  lead  to  identify  potential  fields  for policy action that could be initiated to support born global firms.

So  far,  there  has  been  limited  research  on  the  born global phenomenon  in  CE  context.  Therefore  focus  on  the  early internationalising companies in CE is much needed.

Keywords

internationalisation of the firm, born global companies, determinants of early internationalisation, born globals in Central Europe

Author Biography

Elena Pawęta

Currently a PhD student at the Centre for Finance and Accounting of SMEs at the University of Lodz, Poland. She is a graduate of the Saint-Petersburg State University, School of Management, Russia and the Technical University of Lodz, Faculty of Organization and Management. Her main research interests are entrepreneurship and business planning. She is particularly interested in the early internationalization of enterprises.

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