The Level of Internationalization of Albanian Firms

Daniela Karalliu

doi:doi:10.11648/j.jbed.20170201.11

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The Level of Internationalization of Albanian Firms

Daniela Karalliu

Published in Journal of Business and Economic Development (Volume 2, Issue 1)

Received: 25 October 2016 Accepted: 18 November 2016 Published: 26 December 2016

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Abstract

In this paper we examine how the level of internationalization, i.e. a firm’s relative exposure to foreign sales, affects individual SMEs in Albania. Since it is conducted using a data sample with albanian SMEs, its applicability in other countries may vary. The purpose of this study is to increase the knowledge and provide insights on how internationalization affects SMEs in general and in Albania in particular. This empirical analysis aims to study if Albanian firms are internationalized or not, for a panel of 50 Albanian small and medium enterprises for the period 2013 to 2014. For the realization of this paper we are based on a rich contemporary literature but also in the analysis of data obtained from firms’ balances and from a survey in Albanian firms for the last 2 years. Results of this work will help the work of managers and financial managers in Albanian companies, but also other persons interested in the field of international finance, at a time when the main reason for the financial crisis in the world today is precisely the lack of liquidity which consequently leads to the reduction of exports to foreign international markets.

Published in	Journal of Business and Economic Development (Volume 2, Issue 1)
DOI	10.11648/j.jbed.20170201.11
Page(s)	1-10
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2016. Published by Science Publishing Group

Keywords

Internationalization, Small and Medium Enterprises, Sales, Albania

References

[1]	Ahokangas, P., 1998. Internationalization and resources: an analysis of proçess in Nordic SMEs, Vaasa: Universitas Wasaensis.
[2]	Altman, E., 1968. Financial ratios, discriminant analysis and the prediction of corporate bankruptcy. Journal of Finance, Volume September.
[3]	Altman, E. I., 2000. Predicting financial distress of companies: Revisiting the Z-score and Zeta models, New York: Stern School of Business.
[4]	Altman, E. I. & Sabato, G., 2007. Modelling Credit Risk for SMEs: Evidence from the US Market. Abacus, 43 (3), pp. 332-357.
[5]	Ang, J., 1992. On the theory of finance for privately held firms. Journal of Small Business Finance, 1 (3), pp. 185-203.
[6]	Burgman, T. A., 1996. An Empirical Examination of Multinational Corporate Capital Structure. Journal of International Business Studies, 27 (3), pp. 553-570.
[7]	Caves, R. E., 2007. Multinational Enterprise and Economic Analysis. 3rd ed. Cambridge: Cambridge University Press.
[8]	Drini Salko, Financa Nderkombetare, 2009.
[9]	Jensen, C. M. & Meckling, W. H., 1976. Theory of the firm: Mangerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3 (4), pp. 305-360.
[10]	Johanson, J. & Vahlne, J.-E., 1990. The Mechanism of Internationalization, 11-24: International Marketing Review.
[11]	Lehtinen, U. & Penttinen, H., 1999. Definition of the internationalization of the firm. Perspectives on Internationalization, pp. 67-82.
[12]	Raporti vjetor i Bankes se Shqiperise, 2013.
[13]	Rugman, A. M., 2009. International Business. 2nd ed. Oxford: Oxford University Press.
[14]	Yazdanfar, D., 2012. Agency cost theory and the financing life cycle empirical evidence from Swedish firm-level data. Int. J. Business and Globalisation, pp. 226-238.

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APA Style

Daniela Karalliu. (2016). The Level of Internationalization of Albanian Firms. Journal of Business and Economic Development, 2(1), 1-10. https://doi.org/10.11648/j.jbed.20170201.11

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ACS Style

Daniela Karalliu. The Level of Internationalization of Albanian Firms. J. Bus. Econ. Dev. 2016, 2(1), 1-10. doi: 10.11648/j.jbed.20170201.11

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AMA Style

Daniela Karalliu. The Level of Internationalization of Albanian Firms. J Bus Econ Dev. 2016;2(1):1-10. doi: 10.11648/j.jbed.20170201.11

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@article{10.11648/j.jbed.20170201.11,
  author = {Daniela Karalliu},
  title = {The Level of Internationalization of Albanian Firms},
  journal = {Journal of Business and Economic Development},
  volume = {2},
  number = {1},
  pages = {1-10},
  doi = {10.11648/j.jbed.20170201.11},
  url = {https://doi.org/10.11648/j.jbed.20170201.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jbed.20170201.11},
  abstract = {In this paper we examine how the level of internationalization, i.e. a firm’s relative exposure to foreign sales, affects individual SMEs in Albania. Since it is conducted using a data sample with albanian SMEs, its applicability in other countries may vary. The purpose of this study is to increase the knowledge and provide insights on how internationalization affects SMEs in general and in Albania in particular. This empirical analysis aims to study if Albanian firms are internationalized or not, for a panel of 50 Albanian small and medium enterprises for the period 2013 to 2014. For the realization of this paper we are based on a rich contemporary literature but also in the analysis of data obtained from firms’ balances and from a survey in Albanian firms for the last 2 years. Results of this work will help the work of managers and financial managers in Albanian companies, but also other persons interested in the field of international finance, at a time when the main reason for the financial crisis in the world today is precisely the lack of liquidity which consequently leads to the reduction of exports to foreign international markets.},
 year = {2016}
}

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TY  - JOUR
T1  - The Level of Internationalization of Albanian Firms
AU  - Daniela Karalliu
Y1  - 2016/12/26
PY  - 2016
N1  - https://doi.org/10.11648/j.jbed.20170201.11
DO  - 10.11648/j.jbed.20170201.11
T2  - Journal of Business and Economic Development
JF  - Journal of Business and Economic Development
JO  - Journal of Business and Economic Development
SP  - 1
EP  - 10
PB  - Science Publishing Group
SN  - 2637-3874
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AB  - In this paper we examine how the level of internationalization, i.e. a firm’s relative exposure to foreign sales, affects individual SMEs in Albania. Since it is conducted using a data sample with albanian SMEs, its applicability in other countries may vary. The purpose of this study is to increase the knowledge and provide insights on how internationalization affects SMEs in general and in Albania in particular. This empirical analysis aims to study if Albanian firms are internationalized or not, for a panel of 50 Albanian small and medium enterprises for the period 2013 to 2014. For the realization of this paper we are based on a rich contemporary literature but also in the analysis of data obtained from firms’ balances and from a survey in Albanian firms for the last 2 years. Results of this work will help the work of managers and financial managers in Albanian companies, but also other persons interested in the field of international finance, at a time when the main reason for the financial crisis in the world today is precisely the lack of liquidity which consequently leads to the reduction of exports to foreign international markets.
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Author Information

Daniela Karalliu

Finance-Accounting Department, Economy Faculty, University “Aleksand?r Xhuvani”, Elbasan, Albania

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APA Style

Daniela Karalliu. (2016). The Level of Internationalization of Albanian Firms. Journal of Business and Economic Development, 2(1), 1-10. https://doi.org/10.11648/j.jbed.20170201.11

Copy | Download

ACS Style

Daniela Karalliu. The Level of Internationalization of Albanian Firms. J. Bus. Econ. Dev. 2016, 2(1), 1-10. doi: 10.11648/j.jbed.20170201.11

Copy | Download

AMA Style

Daniela Karalliu. The Level of Internationalization of Albanian Firms. J Bus Econ Dev. 2016;2(1):1-10. doi: 10.11648/j.jbed.20170201.11

Copy | Download

@article{10.11648/j.jbed.20170201.11,
  author = {Daniela Karalliu},
  title = {The Level of Internationalization of Albanian Firms},
  journal = {Journal of Business and Economic Development},
  volume = {2},
  number = {1},
  pages = {1-10},
  doi = {10.11648/j.jbed.20170201.11},
  url = {https://doi.org/10.11648/j.jbed.20170201.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jbed.20170201.11},
  abstract = {In this paper we examine how the level of internationalization, i.e. a firm’s relative exposure to foreign sales, affects individual SMEs in Albania. Since it is conducted using a data sample with albanian SMEs, its applicability in other countries may vary. The purpose of this study is to increase the knowledge and provide insights on how internationalization affects SMEs in general and in Albania in particular. This empirical analysis aims to study if Albanian firms are internationalized or not, for a panel of 50 Albanian small and medium enterprises for the period 2013 to 2014. For the realization of this paper we are based on a rich contemporary literature but also in the analysis of data obtained from firms’ balances and from a survey in Albanian firms for the last 2 years. Results of this work will help the work of managers and financial managers in Albanian companies, but also other persons interested in the field of international finance, at a time when the main reason for the financial crisis in the world today is precisely the lack of liquidity which consequently leads to the reduction of exports to foreign international markets.},
 year = {2016}
}

Copy | Download

TY  - JOUR
T1  - The Level of Internationalization of Albanian Firms
AU  - Daniela Karalliu
Y1  - 2016/12/26
PY  - 2016
N1  - https://doi.org/10.11648/j.jbed.20170201.11
DO  - 10.11648/j.jbed.20170201.11
T2  - Journal of Business and Economic Development
JF  - Journal of Business and Economic Development
JO  - Journal of Business and Economic Development
SP  - 1
EP  - 10
PB  - Science Publishing Group
SN  - 2637-3874
UR  - https://doi.org/10.11648/j.jbed.20170201.11
AB  - In this paper we examine how the level of internationalization, i.e. a firm’s relative exposure to foreign sales, affects individual SMEs in Albania. Since it is conducted using a data sample with albanian SMEs, its applicability in other countries may vary. The purpose of this study is to increase the knowledge and provide insights on how internationalization affects SMEs in general and in Albania in particular. This empirical analysis aims to study if Albanian firms are internationalized or not, for a panel of 50 Albanian small and medium enterprises for the period 2013 to 2014. For the realization of this paper we are based on a rich contemporary literature but also in the analysis of data obtained from firms’ balances and from a survey in Albanian firms for the last 2 years. Results of this work will help the work of managers and financial managers in Albanian companies, but also other persons interested in the field of international finance, at a time when the main reason for the financial crisis in the world today is precisely the lack of liquidity which consequently leads to the reduction of exports to foreign international markets.
VL  - 2
IS  - 1
ER  -

Copy | Download