Suchergebnisse

AbstractCultural differences represent significant trade barriers between transitional economies and their trading partners, which has been overlooked in recent studies. This paper investigates the effect of cultural distance (CD) on bilateral trade from Bangladesh. We conceptualize a research model by employing the extended gravity model as a theoretical base, where we amplify the theory by proposing that linguistic distance (LD) as a part of cultural distance has a profound effect on bilateral trade based on bilateral trade data from 1995 to 2019 and Hofstede's culture indices between Bangladesh and 157 trading partner countries. Using a pseudo‐poisson maximum likelihood model, we find that cultural distance has a significant and negative impact on Bangladesh's trade, with a significance level of 1%. Our empirical results indicate that one unit increase in cultural distance decreases trade by 40.84% and cultural distance has a greater impact on Bangladesh's exports than on its imports. Findings also reveal that the effect is substantial with high‐income nations than with low‐income nations, and for manufacturing products than primary products trade. Further, this study suggests that in addition to cultural distance (CD), linguistic distance (LD) from trading partners has a tantamount effect on bilateral trade, which is significant at 1%. Theoretically, this study suggests that linguistic distance (LD) should be added on gravity model for analyzing effects of cultural distance on bilateral and multilateral trade. Practically, this study contributes by providing valuable insights to policymakers to pay attention to cultural differences, especially during these economic transition periods to increase bilateral trade.

AbstractThis study focuses on identification, categorization and comparison of regulatory barriers to internationalization for the small and medium‐sized enterprises (SMEs) from an emerging market context. Primary data were collected to develop and validate a structural model to assess the salient regulatory barriers of internationalization with a particular attention to the SMEs in Bangladesh. Structured questionnaire has been used to collect data from 212 SMEs operating in Bangladesh. The results indicate that both administrative and economic regulatory barriers are significant for the internationalization of SMEs whereby administrative regulatory barriers are slightly more substantial. This study provides further discussion from both theoretical and methodological aspects. By developing and validating structural model, this study contributes to the literature on small business and regulation with particular attention to the emerging markets.

AbstractIn today's global marketplace, small‐ and medium‐sized enterprises (SMEs) are increasingly looking at internationalisation strategies to boost growth, profitability, and competitiveness. However, challenges, such as, sociocultural differences, political institutions, limited resources, competitive challenges, market threats, and economic and technological barriers all hinder SMEs from entering and competing favourably in the international markets. Considering the important link between lack of resources and internationalisation of SMEs, this study examined economic and technology‐related barriers of SMEs internationalisation from a neglected yet emerging market context in Bangladesh. To compare the relative importance of these two particular categories of barriers, this study developed and validated a partial least square‐based structural equation model (PLS‐SEM) with primary data gathered from questionnaires from 212 Bangladeshi SMEs. The findings of the paper suggest that technology‐related barriers seem slightly more influential than economic barriers. As the difference is very low, importance should be given to both types of barriers as found. Conceptually, this study extends this area of research by reframing economic and technology‐related barriers of internationalisation as a hierarchical reflective model within an emerging economy context. Empirically, it confirms that PLS‐SEM can be used to compare the relative importance of these two types of barriers. Practically, policy makers can give slightly more priorities on the technology‐related barriers where it is not possible to give equal importance to both because of limited resource and research neglect on developing economies.

AbstractDrawing on behavioural theory of the firm, this study examines internationalisation of rural small‐and‐medium enterprises (SMEs) in Nigeria and its impacts on social and organisational development. To examine how SME internationalisation affects societal and organisational development, the study collects cross‐sectional data using a structured questionnaire from 304 rural SMEs drawn from several sectors in Nigeria. Applying a partial least square based structural equation modelling, we tested the social and organisational impact of rural SMEs internationalisation. The results showed that there is a significant positive relationship between societal and organisational performances and internationalisation of SMEs. Both scores were significantly positively correlated with the internationalisation of SMEs in rural Nigeria. The study argues that internationalisation of rural SMEs' reflects on organisational progress and societal progress in terms of improving rural people's life. The findings of the study will act as the reference point to academicians and policymakers by which they could assess how internationalisation of rural SMEs matters for rural people's life and can strive to achieve inclusive and sustainable growth.