Template-Type: ReDIF-Article 1.0 Author-Name: P. Prasannavadanan Thampi Author-X-Name-First: P. Prasannavadanan Author-X-Name-Last: Thampi Author-Name: Amalendu Jyotishi Author-X-Name-First: Amalendu Author-X-Name-Last: Jyotishi Author-Name: Ram Bishu Author-X-Name-First: Ram Author-X-Name-Last: Bishu Title: Regional cultural diversities amongst small business entrepreneurs in India Abstract: Small businesses are entrepreneur driven initiatives and are usually influenced by the entrepreneur's cultural environment including their attitudes, and beliefs. This paper attempts to study the nature of cultural diversities of the entrepreneurs across two different regions in India. The six cultural dimensions enunciated by Geert Hofstede and the ethnic orientation dimension brought out by Thampi et al. (2015) are the core constructs for this study. Data collected from small business entrepreneurs across two sample Indian states were analysed. Significant variations were observed in the cultural attributes of small entrepreneurs across the two sample states, and within these states across locations (rural-urban), and business types (manufacturing and service). In all these contexts power distance, risk propensity, collectivism, masculinity, indulgence, and ethnic orientation significantly varied across different segment combinations. The finding of this study, therefore, could be useful pointers towards explicitly incorporating cultural factors in policy design. Journal: Int. J. of Globalisation and Small Business Pages: 1-17 Issue: 1 Volume: 11 Year: 2020 Keywords: micro; small and medium enterprise; MSME; Hofstede's cultural dimensions; etic; emic; ethnic orientation; EO; Kerala; Maharashtra; Malayalam; Kudumbashree; India. File-URL: http://www.inderscience.com/link.php?id=105580 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijgsbu:v:11:y:2020:i:1:p:1-17 Template-Type: ReDIF-Article 1.0 Author-Name: Peerayuth Charoensukmongkol Author-X-Name-First: Peerayuth Author-X-Name-Last: Charoensukmongkol Title: The interplay between firm resources and government agency social capital on Thai firms' satisfaction with export performance Abstract: The objective of this research was to investigate the contributions of resources available for international expansion, product advantage, and government agency social capital to Thai firms' satisfaction with their export performance. The sampling frame used for this study included Thai firms listed in the directory of the <i>Thai Exporter</i>. Data were obtained using a self-administered questionnaire (total n = 124). The findings from partial least squares regression analysis showed that firms that have more resources available for international expansion, product advantage, and government agency social capital tended to demonstrate a higher level of satisfaction with their export performance. However, the moderating effect analysis found further that government agency social capital's positive contribution to satisfaction with export performance tended to be more crucial for firms that had few resources available for international expansion and for those that had less product advantage. Journal: Int. J. of Globalisation and Small Business Pages: 18-38 Issue: 1 Volume: 11 Year: 2020 Keywords: export; firm resources; social capital; government supports; Thailand. File-URL: http://www.inderscience.com/link.php?id=105581 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijgsbu:v:11:y:2020:i:1:p:18-38 Template-Type: ReDIF-Article 1.0 Author-Name: Caroline Philippi Author-X-Name-First: Caroline Author-X-Name-Last: Philippi Author-Name: Vito Bobek Author-X-Name-First: Vito Author-X-Name-Last: Bobek Author-Name: Tatjana Horvat Author-X-Name-First: Tatjana Author-X-Name-Last: Horvat Author-Name: Anita Maček Author-X-Name-First: Anita Author-X-Name-Last: Maček Author-Name: Gorazd Justinek Author-X-Name-First: Gorazd Author-X-Name-Last: Justinek Title: Internationalisation of an Austrian SME with a sales agent to Mexico and the USA in the automotive sector Abstract: Many Austrian small and medium-sized enterprise (SMEs) in the manufacturing sector opt for expanding to further markets. Especially for the automotive industry, Mexico and the USA are attractive locations. The purpose of this paper is to identify a strategy for an Austrian SME in the automotive sector for its business expansion to Mexico and the USA. Therefore, factors influencing the expansion strategy, as well as operational measures increasing the success rate of the company are identified. Additionally, it is analysed if a combined market entry and strategy formulation for both countries is recommendable. The aim is to present solid results regarding how the company should tackle the upcoming challenges for its strategic direction of internationalisation. For this purpose, a literature review and an empirical qualitative study were chosen as a main method. Based on the results of the study the company is provided with recommendations on how to design its strategy and which factors are to be considered when opting for the two markets. Based on the research the company is advised to consider both markets as individual and parallel processes. Journal: Int. J. of Globalisation and Small Business Pages: 39-64 Issue: 1 Volume: 11 Year: 2020 Keywords: SME internationalisation; business expansion; market entry strategy; market development; USA; Mexico. File-URL: http://www.inderscience.com/link.php?id=105582 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijgsbu:v:11:y:2020:i:1:p:39-64 Template-Type: ReDIF-Article 1.0 Author-Name: Riccardo Testa Author-X-Name-First: Riccardo Author-X-Name-Last: Testa Author-Name: Antonino Galati Author-X-Name-First: Antonino Author-X-Name-Last: Galati Author-Name: Giorgio Schifani Author-X-Name-First: Giorgio Author-X-Name-Last: Schifani Author-Name: Maria Crescimanno Author-X-Name-First: Maria Author-X-Name-Last: Crescimanno Author-Name: Anna Maria Di Trapani Author-X-Name-First: Anna Maria Di Author-X-Name-Last: Trapani Author-Name: Giuseppina Migliore Author-X-Name-First: Giuseppina Author-X-Name-Last: Migliore Title: Are alternative food networks winning strategies to increase organic SMEs profitability? Evidence from a case study Abstract: The aim of this study was to understand how and how much alternative food networks (AFNs) contribute to increasing the profitability of the organic SMEs, compared to traditional organic sales channels. For this purpose, an economic analysis and an in-depth interview were carried out in a case study located in the Sicilian northern coast. Findings showed a clear convenience of the participation to alternative food networks compared to the case in which all farm production was conferred to traditional sales channels, highlighting an increase both of farm profit (+76.9%) and net income (+72.1%). However, the in-depth interview revealed that AFNs are a mean, not only to have economic benefits, but also to satisfy consumers' social and environmental needs. According to the findings of this study, alternative food networks could represent a strategy to increase the profitability of many small and medium-sized farms (organic and non-organic) managed by the farmer and his family, especially in an increasingly global and diversified market. Journal: Int. J. of Globalisation and Small Business Pages: 65-82 Issue: 1 Volume: 11 Year: 2020 Keywords: local food; short supply chain; economic sustainability; business management; business performance; Sicily; net income; organic farming; profit; farm shop; farmers' markets. File-URL: http://www.inderscience.com/link.php?id=105583 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijgsbu:v:11:y:2020:i:1:p:65-82 Template-Type: ReDIF-Article 1.0 Author-Name: Matteo Cristofaro Author-X-Name-First: Matteo Author-X-Name-Last: Cristofaro Author-Name: Giacomo Caterini Author-X-Name-First: Giacomo Author-X-Name-Last: Caterini Title: Internationalisation strategies and firms' performance. A co-evolutionary study on Italian SMEs Abstract: The hypercompetitive business landscape that SMEs are currently facing is increasingly pushing them to internationalise their businesses. In doing that, entrepreneurs and executives make important strategic choices related to their investments in cost leadership and differentiation strategies to improve, or at least maintain, their current performance. However, despite the great interest of scholars on this theme, there are no studies about the effects of these different courses of action on firms' performance, especially considering the concurrent influence of sectorial and macroeconomic trends. This contribution, which looks at the dialectical relationship between firms' strategic choices and their environment according to a co-evolutionary perspective, tries to fill this gap presenting evidence from a panel study of 4,098 Italian SMEs over ten years (2008-2017). Findings show that environmental trends and strategic choices simultaneously influence internationalised SMEs' performance and that these firms adapt their strategic choices according to market munificence. Entrepreneurs and executives of SMEs may benefit from the results of this study in order to make better strategic choices when defining their internationalisation strategies. Journal: Int. J. of Globalisation and Small Business Pages: 178-199 Issue: 2 Volume: 11 Year: 2020 Keywords: internationalisation; strategy; decision making; co-evolution; small medium enterprise; SMEs. File-URL: http://www.inderscience.com/link.php?id=109154 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijgsbu:v:11:y:2020:i:2:p:178-199 Template-Type: ReDIF-Article 1.0 Author-Name: Chiara Cannavale Author-X-Name-First: Chiara Author-X-Name-Last: Cannavale Author-Name: Iman Zohoorian Nadali Author-X-Name-First: Iman Zohoorian Author-X-Name-Last: Nadali Title: How cultures facilitate the entrepreneurial 'thinking-doing' link Abstract: Despite many studies on culture and entrepreneurship, still little are known about the role culture can play in the relationship between entrepreneurial intention and actual behaviour. This study adopts cultural entrepreneurial approach to tackle this problem by employing behavioural theories. Global entrepreneurship monitor (GEM) as well as global leadership and organisational behaviour effectiveness (GLOBE) project data were employed to test the moderating effects of cultural values on the relationship between entrepreneurial intention (EI) and entrepreneurial activities at a country level. The analysis covers the period of 2007 to 2017. OLS regression analyses in R package indicate that behavioural theories still hold, i.e., intentions lead to actions in the field of entrepreneurship. It was also found that future orientation, performance orientation, and gender egalitarianism facilitate the relationship between entrepreneurial intentions and activities. The novel findings as well as the academic and practical implications of the study are discussed in the concluding section. Journal: Int. J. of Globalisation and Small Business Pages: 163-177 Issue: 2 Volume: 11 Year: 2020 Keywords: entrepreneurial intention; entrepreneurial activity; cultural values. File-URL: http://www.inderscience.com/link.php?id=109155 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijgsbu:v:11:y:2020:i:2:p:163-177 Template-Type: ReDIF-Article 1.0 Author-Name: Lara Penco Author-X-Name-First: Lara Author-X-Name-Last: Penco Author-Name: Giorgia Profumo Author-X-Name-First: Giorgia Author-X-Name-Last: Profumo Author-Name: Roberta Scarsi Author-X-Name-First: Roberta Author-X-Name-Last: Scarsi Title: Mission statements in medium-sized listed firms: a content analysis Abstract: Despite the considerable attention awarded to mission statements, most of the studies are focused on large firms, while the role of mission statements in the strategic management of small and medium-sized companies has not been sufficiently highlighted. The present paper tries to bridge this literature gap aiming at: 1) analysing specific content characteristics of medium-sized listed firms' mission statements; 2) identifying differences among medium-sized firms belonging to different cultural clusters; 3) investigating the stakeholder orientation and the prioritisation versus particular stakeholders' groups. Applying a content analysis method to a sample of 150 continental European medium-sized listed firms, we document that a 'typical' mission statement does not exist. Moreover, differences in the content and role of the mission statements of firms belonging to diverse cultural clusters are present and firms tend to mention few stakeholders groups in their mission statements, with subgroups prioritising different stakeholders. Journal: Int. J. of Globalisation and Small Business Pages: 136-162 Issue: 2 Volume: 11 Year: 2020 Keywords: mission statement; content analysis; medium-sized firms; culture; stakeholder orientation. File-URL: http://www.inderscience.com/link.php?id=109156 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijgsbu:v:11:y:2020:i:2:p:136-162 Template-Type: ReDIF-Article 1.0 Author-Name: Caroline Tarillon Author-X-Name-First: Caroline Author-X-Name-Last: Tarillon Title: Do all entrepreneurs want to make their new technology-based firm grow? An approach through expected consequences of growth Abstract: Because the French Government is aware of the high potential of new technology-based firms' (NTBFs) in terms of supporting economic growth, it has set up specific support measures since many years. However, there still is a strong heterogeneity of their growth trajectories. This research aims to better understand this heterogeneity by analysing entrepreneurs' motives for growth. We study the representations of 253 NTBFs' entrepreneurs whose firms have been supported by the French Ministry in charge of Research. We show that it is necessary to better understand the expected consequences that those entrepreneurs anticipate in case of strong growth in order to better understand their motivation to make their business grow. Journal: Int. J. of Globalisation and Small Business Pages: 114-135 Issue: 2 Volume: 11 Year: 2020 Keywords: growth trajectories; new technology-based firm; NTBF; entrepreneurs' motivation. File-URL: http://www.inderscience.com/link.php?id=109158 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijgsbu:v:11:y:2020:i:2:p:114-135 Template-Type: ReDIF-Article 1.0 Author-Name: Michela Matarazzo Author-X-Name-First: Michela Author-X-Name-Last: Matarazzo Author-Name: Gabriele Barbaresco Author-X-Name-First: Gabriele Author-X-Name-Last: Barbaresco Author-Name: Riccardo Resciniti Author-X-Name-First: Riccardo Author-X-Name-Last: Resciniti Title: International growth of Italian acquired mid-sized firms: an analysis of post-acquisition performance Abstract: The purpose of the paper is analysing the performance differences (labour productivity, employment and wages) of all the mid-sized firms acquired in the period between 1999 and 2009, compared with purely domestic firms (non-acquired), with two specific research focuses: 1) differences between industrial and financial investor; 2) geographic distance between acquirer and target firm. This study conducts a t-test analysis by using firm-level accounting data from the Italian Mediobanca Research Department database. Results suggest that the performance of the acquired firms improve. Furthermore, the results show prospective industrial and European acquirers adopt a cherry picking approach and tend to keep pre-acquisition performance levels unchanged, whereas financial and non-European acquirers take the opposite approach with an explicit view to increase post-acquisition performance. This study for the first time analyses the performance implications of cross border acquisitions of all the acquired mid-sized firms, which carry remarkable economic weight within the Italian economy. Journal: Int. J. of Globalisation and Small Business Pages: 200-223 Issue: 2 Volume: 11 Year: 2020 Keywords: mid-sized firms; growth strategies; cross-border acquisitions; post-acquisition performance; foreign direct investments; foreign market entry modes; industrial and financial investors; Italy. File-URL: http://www.inderscience.com/link.php?id=109159 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijgsbu:v:11:y:2020:i:2:p:200-223 Template-Type: ReDIF-Article 1.0 Author-Name: Leonard Benning Author-X-Name-First: Leonard Author-X-Name-Last: Benning Author-Name: Tessa Christina Flatten Author-X-Name-First: Tessa Christina Author-X-Name-Last: Flatten Title: How do new technology ventures grow? A theory of planned behaviour based assessment of inorganic growth Abstract: Much has been researched on new venture growth in entrepreneurship, yet little is known about how exactly new ventures grow: organically or inorganically? This study pioneers in this field and empirically examines what drives a new venture's choice to pursue acquisitions with survey data from 153 managing-founders of technology ventures. Since any entrepreneurial action emerges at the nexus of the individual and the opportunity, we focus on the individual managing-founder and his intentions. By applying the theory of planned behaviour (TPB), we measure the impact of the founder's acquisition intentions and their cognitive antecedents on the firm's acquisition activities as measured by the establishment of specific mergers and acquisitions capabilities (M%A capabilities). Thereby, we show that a new venture's inorganic growth activities are strongly driven by the individual founders and their cognition. Journal: Int. J. of Globalisation and Small Business Pages: 88-113 Issue: 2 Volume: 11 Year: 2020 Keywords: growth; acquisitions; planned behaviour. File-URL: http://www.inderscience.com/link.php?id=109171 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijgsbu:v:11:y:2020:i:2:p:88-113 Template-Type: ReDIF-Article 1.0 Author-Name: Aliah Zafer Author-X-Name-First: Aliah Author-X-Name-Last: Zafer Author-Name: Kantha Dayaram Author-X-Name-First: Kantha Author-X-Name-Last: Dayaram Author-Name: John Burgess Author-X-Name-First: John Author-X-Name-Last: Burgess Title: Drivers and challenges for knowledge sharing in an emerging and government driven industry cluster in Saudi Arabia Abstract: Underpinned by the Saudi Arabian government's initiative to reduce the country's dependency on oil, this paper examines the drivers and challenges to knowledge sharing in an emerging and government driven industry cluster. National and regional level innovation policies identify clustering as a key enabler of competitive and economic achievement. What is not clear are the mechanisms through which actor proximity enhances value to individual cluster members. While knowledge creation has been associated with cluster effectiveness and individual actor capacity to innovate, there is still a lack of clarity on cluster influence on enabling knowledge sharing during the early development stage of a cluster. In addition, contextual cluster investigations within the Middle East, the GCC and Saudi Arabia in particular, are limited. This article contributes towards closing this gap by analysing knowledge sharing in an emerging government driven cluster in a developing economy, Saudi Arabia. Journal: Int. J. of Globalisation and Small Business Pages: 225-240 Issue: 3 Volume: 11 Year: 2020 Keywords: knowledge sharing; clusters; public sector; Saudi Arabia. File-URL: http://www.inderscience.com/link.php?id=109543 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijgsbu:v:11:y:2020:i:3:p:225-240 Template-Type: ReDIF-Article 1.0 Author-Name: Haniff Ahamat Author-X-Name-First: Haniff Author-X-Name-Last: Ahamat Author-Name: Nasarudin Abdul Rahman Author-X-Name-First: Nasarudin Abdul Author-X-Name-Last: Rahman Author-Name: Milyan Risydan Al Anshori Author-X-Name-First: Milyan Risydan Al Author-X-Name-Last: Anshori Title: Monopsony, powerful buyers and small sellers: analysis of Malaysian competition law and lessons learnt from Indonesia Abstract: Powerful buyers have become a problem stifling the market presence of micro, small and medium businesses. Their power in both upstream and downstream markets may allow them to manipulate prices or output. The authors look at whether competition law can address such problem particularly in Malaysia. They use monopsony as the theoretical framework and find that the Malaysian Competition Act 2010 can only be used indirectly against the conduct of powerful buyers due to the lack of express reference to the term monopsony. The existing rules are more often operationalised on the supply side rather than the demand side, making proving the anti-competitive conduct of those buyers difficult. In Indonesia, the main competition legislation i.e. the Law No. 5 of 1999 can be directly used but proving legal violation is also difficult. However, Indonesia has a specific law that protects small sellers from powerful buyers' use of their market power. Journal: Int. J. of Globalisation and Small Business Pages: 241-257 Issue: 3 Volume: 11 Year: 2020 Keywords: competition law; competition policy; socio-economics of market regulation; promotion of small business; law and supply chain management; Indonesia. File-URL: http://www.inderscience.com/link.php?id=109548 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijgsbu:v:11:y:2020:i:3:p:241-257 Template-Type: ReDIF-Article 1.0 Author-Name: Antonella Francesca Cicchiello Author-X-Name-First: Antonella Francesca Author-X-Name-Last: Cicchiello Author-Name: Daniele Leone Author-X-Name-First: Daniele Author-X-Name-Last: Leone Title: Encouraging investment in SMEs through equity-based crowdfunding Abstract: This paper examines the role may be played by the national policymakers in developing equity crowdfunding markets through a proper implementation of European Directives on this field. We analyse all directives and communications dealing with crowdfunding issued by the European Commission from 2000 to 2018. Then, we compare and assess their impact on the national legislation of the analysed countries. Results show that countries which have correctly and fully transposed into law the European Directives - without any infringement or delays - by aligning their national regulations with European objectives (e.g., the UK) are able to avoid destabilising phenomena of regulatory arbitrage. Countries with delayed and incorrect transposition and/or wrong application of the directives (e.g., France, Italy, and Spain) are currently facing serious destabilising effects of international financial markets with modest growth of equity crowdfunding markets. This paper draws attention to the ongoing process of Europe-wide equity crowdfunding regulatory convergence. Journal: Int. J. of Globalisation and Small Business Pages: 258-278 Issue: 3 Volume: 11 Year: 2020 Keywords: equity crowdfunding; national policy makers; regulation; European Directives. File-URL: http://www.inderscience.com/link.php?id=109553 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijgsbu:v:11:y:2020:i:3:p:258-278 Template-Type: ReDIF-Article 1.0 Author-Name: Marco Ferretti Author-X-Name-First: Marco Author-X-Name-Last: Ferretti Author-Name: Eva Panetti Author-X-Name-First: Eva Author-X-Name-Last: Panetti Author-Name: Adele Parmentola Author-X-Name-First: Adele Author-X-Name-Last: Parmentola Author-Name: Annamaria Sabetta Author-X-Name-First: Annamaria Author-X-Name-Last: Sabetta Title: Network structure in a local innovation system in mature industries. An empirical case study Abstract: This paper aims to explore the local innovation system's network structure in mature industries and in an emerging economy, by taking empirical evidence from the transport and logistics innovation system in the Campania region (South of Italy). The social network analysis conducted on R%D alliances among a heterogeneous sample of organisations revealed that the Campania LIS in transport and logistics is characterised by a closed network, where brokering positions are mostly undertaken by academic institutions, which is in line with the studies arguing that a closure structure better sustains the conduct of innovation activities. Journal: Int. J. of Globalisation and Small Business Pages: 279-302 Issue: 3 Volume: 11 Year: 2020 Keywords: local innovation systems; LIS; R%D relationships; social network analysis; SNA; South of Italy; innovation networks. File-URL: http://www.inderscience.com/link.php?id=109555 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijgsbu:v:11:y:2020:i:3:p:279-302 Template-Type: ReDIF-Article 1.0 Author-Name: Inken Carina Sittler Author-X-Name-First: Inken Carina Author-X-Name-Last: Sittler Author-Name: Vito Bobek Author-X-Name-First: Vito Author-X-Name-Last: Bobek Author-Name: Romana Korez Vide Author-X-Name-First: Romana Korez Author-X-Name-Last: Vide Author-Name: Gorazd Justinek Author-X-Name-First: Gorazd Author-X-Name-Last: Justinek Author-Name: Tatjana Horvat Author-X-Name-First: Tatjana Author-X-Name-Last: Horvat Title: Political consumerism in emerging markets: the case of Argentina Abstract: The purpose of this paper is to identify factors that trigger behaviour of political consumerism in Argentina. According to our research almost 45% of survey's respondents are identified as political consumers. The research aims to find out how much better recent Echegaray's (2016) conceptual top-down corporate mobilisation model in comparison to his bottom-up model, based on post-materialism and sub-politics, explains political consumerism in Argentina. Besides deductive verification of both models, the paper also explores whether further recent model's extensions, using variables of moral obligation and political media usage, would shed more light into the investigated topic. According to our research the corporate mobilisation model better explains behaviour of political consumerism in current Argentina than the post-materialist sub-politicisation model. Further extensions of this model proved even higher significance. Political consumption behaviour is explained mainly by high interest in business and politics, which brings important implications for Argentinian companies and government in the forms of socially responsible practices' implementation and promotion to the common benefit of Argentinian society. Journal: Int. J. of Globalisation and Small Business Pages: 303-323 Issue: 3 Volume: 11 Year: 2020 Keywords: political consumerism; post-materialism; sub-politics; corporate mobilisation; social responsibility; emerging markets; Argentina. File-URL: http://www.inderscience.com/link.php?id=109558 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijgsbu:v:11:y:2020:i:3:p:303-323 Template-Type: ReDIF-Article 1.0 Author-Name: Biagio Perretti Author-X-Name-First: Biagio Author-X-Name-Last: Perretti Title: Economic sustainability of quality wine districts in the South of Italy. The case of Vulture Abstract: The paper presents an analysis of economic performance and long-term sustainability of the quality wine production in the Vulture District, in the South of Italy. This case is considered as it is representative of many Italian quality wine districts that produce a very large variety of high quality wines, and present, in almost all cases, a fragmented structure in small and micro farms. The analysis aims to two objectives. First is the assessing of current financial profitability of micro grape wine farms. Second is the analysing of the feasibility and impact of process innovations and structural adjustments. According to the results of the analysis, a large majority of grape wine farms are currently producing with negative returns on the investment. Financial and economic sustainability could be improved at least for a share of them with the available process innovations, combined with consolidation of the farm structures to reduce land fragmentation. The results are relevant for the design of public policies and private investment strategies. Journal: Int. J. of Globalisation and Small Business Pages: 356-372 Issue: 4 Volume: 11 Year: 2020 Keywords: quality wine districts; economic sustainability; investment analysis; process innovation; South of Italy viticulture. File-URL: http://www.inderscience.com/link.php?id=110793 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijgsbu:v:11:y:2020:i:4:p:356-372 Template-Type: ReDIF-Article 1.0 Author-Name: Thoukis Georgiou Author-X-Name-First: Thoukis Author-X-Name-Last: Georgiou Author-Name: Demetris Vrontis Author-X-Name-First: Demetris Author-X-Name-Last: Vrontis Author-Name: Ioanna Papasolomou Author-X-Name-First: Ioanna Author-X-Name-Last: Papasolomou Author-Name: Alkis Thrassou Author-X-Name-First: Alkis Author-X-Name-Last: Thrassou Title: The process of succession and its impact on sustainability: an empirical study within family wineries in Cyprus Abstract: Undoubtedly, two of the most critical drivers for business competitiveness are innovation and sustainability. Businesses and especially small and medium sized enterprises (SMEs) are facing many challenges in an increasingly dynamic and volatile marketing environment. In such an environment, innovation and sustainability become strategic tools for competitiveness and future development. Faced with major new challenges in a rapidly evolving world market, SMEs operating in the wine sector and especially those that are family-owned, need to reconsider their strategic options in terms of succession, since their unique nature and characteristics pose challenges for their sustainability. Sixteen in-depth semi-structured face-to-face interviews with representatives from six Cypriot family-owned wineries were carried out with the aim of understanding whether family wineries engage in formal and strategic succession planning in order to sustain their market share and foster innovation and growth. The study revealed that succession is a fundamental factor for the sustainability of the family wineries and in general the growth of the Cyprus wine sector. Journal: Int. J. of Globalisation and Small Business Pages: 329-355 Issue: 4 Volume: 11 Year: 2020 Keywords: succession process; family-owned wineries; sustainability; innovation; successor; incumbent; case study; small and medium sized enterprise; SMEs; Cyprus. File-URL: http://www.inderscience.com/link.php?id=110799 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijgsbu:v:11:y:2020:i:4:p:329-355 Template-Type: ReDIF-Article 1.0 Author-Name: Vladi Finotto Author-X-Name-First: Vladi Author-X-Name-Last: Finotto Author-Name: Christine Mauracher Author-X-Name-First: Christine Author-X-Name-Last: Mauracher Title: Digital marketing strategies in the Italian wine sector Abstract: The diffusion of digital instruments as means to communicate and sell products and services attracted the interest of academics and professionals in recent years. Digital marketing strategies are seen as beneficial in the wine industry, especially for small wineries, given the richness they allow in the communication of products and <i>terroirs</i>, their purported affordability <i>vis-à-vis</i> traditional marketing strategies, and the access they provide to international markets. Consensus on the importance of digital marketing is high, but the reality is sober: many wineries are lagging behind in adopting digital tools. Based on an exploratory study of 113 small and medium sized Italian wineries, the paper identifies organisational factors that influence the use of digital tools in marketing strategies: size, familiarity with various areas of digital marketing, number of employees and longevity of the firm. Journal: Int. J. of Globalisation and Small Business Pages: 373-390 Issue: 4 Volume: 11 Year: 2020 Keywords: digital marketing; digital maturity; Italian wineries; social media; digital marketing strategy; small and medium sized enterprise; SMEs. File-URL: http://www.inderscience.com/link.php?id=110806 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijgsbu:v:11:y:2020:i:4:p:373-390 Template-Type: ReDIF-Article 1.0 Author-Name: Luís Pacheco Author-X-Name-First: Luís Author-X-Name-Last: Pacheco Title: The impact of foreign capital on profitability: the case of Portuguese manufacturing SMEs Abstract: The objective of this paper is to examine the relationship between the firms' ownership and control structure, in particular the presence of foreign capital, and its profitability. The relation between profitability and ownership and control structure is a topic less studied in the literature. This paper uses a balanced panel data of 5.722 firms for the period 2010-2017, researching if the presence of foreign capital influences financial performance. Possible nonlinear effects or moderating and interaction roles between variables are also tested. Our results evidence that, despite foreign firms' higher levels of profitability, the degree of foreign ownership and institutional difference generally showed a non-significant relation with profitability. Nevertheless, there seems to exists a nonlinear relation between the development level of the country of origin of the share capital and profitability, with the results indicating that firms with share capital originated from more advanced countries attain a higher financial performance. Journal: Int. J. of Globalisation and Small Business Pages: 391-412 Issue: 4 Volume: 11 Year: 2020 Keywords: ownership structure; profitability; small and medium enterprises; SMEs; manufacturing sector; foreign investment. File-URL: http://www.inderscience.com/link.php?id=110811 File-Format: text/html File-Restriction: Open Access Handle: RePEc:ids:ijgsbu:v:11:y:2020:i:4:p:391-412