Barriers and public policies affecting tha international expansions of Latin American SMEs

Guillermo Cardoza, Gaston Fornes, Vanina Andrea Farber, Roberto Gonzalez Duarte, Jaime Ruiz Gutierrez

Research output: Contribution to conferenceAbstractpeer-review


The paper aims to improve the understanding of the determinants of the international expansion of Latin American SMEs. To do this it adopts an institution theory perspective to study the interaction between public policies and other drivers of SMEs’ expansion in four main areas: access to public financial resources; access to public procurement contracts; adverse regulatory and inconsistent legal frameworks, and public assistance on information and knowledge about markets. The data was collected from 465 SMEs in Brazil, Colombia, and Peru and analysed using multivariate regressions. The findings of the research have implications for theory, practice, and policy making. They analyse the role of governments’ policies and strategies intended to support the international expansion of Latin American firms and questions their mid-to long-term impact. They also suggest that Latin American SMEs belonging to larger institutions (like business groups) seem to be in a stronger position to expand internationally. In addition, the findings show that SMEs perceive difficulties/barriers for their international expansion mainly in dealing with domestic regulations, in the domestic economic environment, and in the poor information about external markets. Also, the findings show that having the government as a customer has proved to be a facilitator for the firms to expand internationally. All in all, the findings of the paper enrich the debate on the impact of institutions, and in particular of public policies, on the international expansion of SMEs from emerging and transition economies.
Original languageEnglish
StatePublished - Jan 2015

Bibliographical note

"Papers published in the Proceedings are abridged because presenting papers at their full length could preclude subsequent journal publication."

Publicado en: Academy of Management Proceedings. ISSN (print) 0065-0668, ISSN (online): 2151-6561.

Published online 30 November 2017, published in print 1 January 2015.


Dive into the research topics of 'Barriers and public policies affecting tha international expansions of Latin American SMEs'. Together they form a unique fingerprint.

Cite this