This paper explains the internationalization process of small firms using the theory of performance relative to aspiration levels. The study complements prior theory by explaining why and how small firms are triggered to engage in internationalization despite not reaching maturity in their home...

Much of the research on entrepreneurial exit has focused upon exit as a dichotomous outcome whereby exit is viewed negatively and survival, positively. This perspective is quite different from that of practicing entrepreneurs, who are more likely to be concerned with various types of exits,...

This paper tests a real options model of stepwise entrepreneurial entry. We distinguish between part time and full time entry among the self employed in Swedish knowledge intensive industries. Two multinomial logit models tests the entry from employment to part or full time entry in 1998, and to...