The already well-documented emergence of born globals, or international new ventures, has created a demand for new approaches to internationalization. The main models challenging the ‘traditional’ process identified in the literature are the born-global and ‘born-again’ global...

Our paper investigates, whether there exist intrinsic strategic characteristics, which enables some firms to tolerate economic difficulties stronger than their companions. Tolerance as such also indicates if SMEs as investments are providing return accordingly to their risk level. In our view,...